For the past several months, our campus has been engaged in a process to rebalance our budget and provide funds for strategic investment. The UTC Vision 2025 – Achieving Excellence budget rebalancing process sought a 4.75 percent reallocation of our overall budget, which represents approximately $5.8 million.
As announced in October, we undertook a three-phase process which sought input and feedback from the entire campus. Each division was encouraged to hold open discussions. We held several campus-wide meetings. Through the engaged discussion of the issues we came together as a campus to carefully consider how we can improve.
I have carefully considered the recommendations from the University Planning and Resources Advisory Council (UPRAC). Some of these recommendations can be acted upon immediately; others will require more in-depth examination. We conducted this process in an environment of transparency and inclusion, and I appreciate every comment and question we have received.
You can view the decisions regarding the UPRAC recommendations at
A Voluntary Retirement Incentive Program was also implemented as part of our rebalancing process.
As we have said throughout this process, we are not in a budget crisis. UTC is fiscally healthy. We are taking these steps to remain strong.
We continue to be a strong campus, transforming the lives of our students and adding value to our community. Our past success is the foundation for our even greater future.