Friday, February 18, 2011

RRC Summary 2/16/2011

See attached summary of February's RRC meeting:  

RRC Meeting Summary -
February 16, 2011

Budget:  The Governor's budget proposal included a
6% cut to the University from its FY12 base. 
This would be an increase over the FY11 appropriated amount.  However, it is unlikely that the University
will receive this level of state funding, and the University is continuing to
proceed within the current FY12 budget framework which models a much larger
reduction in state support.

COA updates:  Attached is a list of proposed FY12 changes
to the chart of accounts.  If you have
strong feelings about any of them, please let me and/or Emily Larson know.

Cost share functions:  Per central guidance in January, you are
encouraged to align the program and project function codes in cost share

RRC 2011-02-16.doc

Proposed account changes.pdf