UMaine holds second preliminary FY17 E&G budget forum
The second University of Maine forum to update the UMaine community about the preliminary FY17 education and general (E&G) budget was held Jan. 20 in Neville Hall.
The forum is part of ongoing campus engagement to receive input and answer questions about the early stages of UMaine’s budget development process.
Among the updates presented in the second forum:
- The budget gap reflects $2.57 million in projected expenses (including compensation and benefits, utilities, insurance, funded depreciation and UMS shared services) and more than $4.27 million in strategic investments (including investments in student financial aid, foundational academic programs and Signature and Emerging Areas of Excellence).
- The President and Provost are working with deans and other leadership across campus to draft budget reduction impact statements. Decisions on allocations of investments and target cuts reflect institutional priorities and seven-year enrollment trends.
- Some budget cuts remain unassigned, pending discussions with the University of Maine System to explore options for closing the gap.
UMaine’s third FY17 budget forum will be March 23.
Like last year, UMaine’s FY17 preliminary E&G budget development process focuses on transparency through ongoing campus conversations, in scheduled budget forums and through an online budget feedback tool.
Contact: Margaret Nagle, 207.581.3745