How CC is navigating economic challenges - Colorado College

Ad-Hoc Budget Planning Team

Actions

1. The Budget Planning Team asked all divisions and academic departments to present a plan for significant budget cuts, including elimination or reduction of non-essential services, consolidation of activities, trimming expenses. This is due Friday, January 30. The team will review these proposals with an eye to the standards and to the principle of commensurate sacrifice, then reassess the situation.
   
   These plans cover staffing as well as operating costs across the college. They ask academic departments to consider budget reductions and the administrative side to propose cuts beyond those initially identified for the Working Group on Stewardship and Cost Containment.
   
   
2. The team charged the Faculty Executive Council with developing plans to evaluate academic departments/programs, asking: Is there any room for downsizing? Can paraprofessionals’ work be done by regular staff or student workers?  The FEC will also examine academic support services.
   
   
3.  The group also worked on some budget parameters, including material presented to the Trustees on December 10, projecting deficits of: $5,197,190 in fiscal year 2009-10; $8,161,199 in fiscal year 2010-2011; and $10,067,972 in fiscal year 2011-2012.
   
   
4. The Budget Planning Team made initial projections for tuition, board, and room, health care, equipment, and the library. It is examining salaries and financial aid.