Friday, December 30, 2011

RRC notes -- 12/14/2011

Notes from the 12/14/11 RRC meeting...

RRC 2011-12-14.doc

State Economic
The recent state economic
forecast showed an $876 million improvement, which minimizes the likelihood of
the State pulling funds back from the U this year or next.  The University's budget framework for FY13
appears to be sound.

Cost of Mission:  Central has conducted a study of the cost
of the University's missions.  They also
analyzed how revenues are allocated by mission area.  The study is completed, and the results will
be released in the next 1-2 months. 
Comparison across colleges within the U will be possible, but comparison
to other institutions is inappropriate due to inconsistent methodologies across

Tax:  The University is under an IRS audit for UBIT
(Unrelated Business Income Tax).  You may
receive questions from IRS auditors through the tax office.