APBC
Update
The Administrative Planning and Budget Committee (APBC) is committed to
keeping the University community informed of its activities. This update is
one in a series that reports decisions made by the committee.
BUDGET REALLOCATION UPDATE
The APBC
approved a 5% budget reallocation for the non-academic areas to be phased in
over the next three years (starting in FY ’05) to accelerate the
implementation of the Academic Strategic Plan. A discounted
rate of 4% was available to those non-academic areas that reallocated in the
first year (FY ’05) and most areas chose this option. The projected total
reallocation is $2,675,488. |
