President’s Update – Board of Trustees

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President’s Update – Board of Trustees

April 2, 2009

How ‘bout those Cards!• Women – Big East Runner up

– Big East Tourney Runner Up– NCAA #3 seed– #5 in Nation Final Poll – Final Four!

• Men – Big East Champs– Big East Tourney Champs– NCAA overall #1 seed– #1 in Nation Final Poll– Elite Eight

• Track – D’Anna McCarty NCAA Champ!

• Other

Welcome

• “On the road again…”• Creation of Arts and Culture Partnership• Stroke Center Announcement• Partnership with J.B. Atkinson School• Grawemeyer Awards

Since we last met - Celebrations

President’s Report – Arts and Culture Partnership

President’s Report – Stroke Center Announcement

President’s Report – J. B. Atkinson School

President’s Report – Grawemeyer Awards

Since we last met• Kentucky Economy– Situation worsened – BLS data revisions

1,750

1,775

1,800

1,825

1,850

1,875

1,900

Kentucky lost 55,000 jobs in the last year(Nonfarm employment in thousands)

-3.5%-3.0%-2.5%-2.0%-1.5%-1.0%-0.5%0.0%0.5%1.0%1.5%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec JanKY Old KY Revised

Revised data for KY shows that the situation is worse than we thoughtNonfarm Employment: Percent Change from a Year Ago

• Frankfort– Budget FY09 – (2%) – (don’t forget the 6% cut)– Budget FY10 - ???• Assumptions• Tuition• Meal Plan

• D.C.– Earmarks FY09– Stimulus FY10/FY11

Since we last met

Since we last metStimulus FY10/FY11

Competitively Determined

NIH DOE NSF Other

State 3b

1bMedicaid

1b Education

Designated $350 mm

K-12 Higher Ed

$550 mm

1b Other

Focus Going Forward

• End of semester• Rebuilding Neurosurgery• Budget/Budget/Budget• Searches• Continue Strategic Focus (JRR)

– TIF/HSC• $200m Threshold• Financing

– Clinical activities• ULH• Faculty clinicians

– Shelbyhurst– Continue commitment to undergraduate excellence– Culture