{"id":251,"date":"2015-04-10T16:06:05","date_gmt":"2015-04-10T20:06:05","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/chancellor\/?p=251"},"modified":"2015-04-10T16:27:15","modified_gmt":"2015-04-10T20:27:15","slug":"budget-rebalancing","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/chancellor\/2015\/04\/10\/budget-rebalancing\/","title":{"rendered":"Budget Rebalancing"},"content":{"rendered":"

For the past several months, our campus has been engaged in a process to rebalance our budget and provide funds for strategic investment. The UTC Vision 2025 \u2013 Achieving Excellence budget rebalancing process sought a 4.75 percent reallocation of our overall budget, which represents approximately $5.8 million.<\/p>\n

As announced in October, we undertook a three-phase process which sought input and feedback from the entire campus. Each division was encouraged to hold open discussions. We held several campus-wide meetings. Through the engaged discussion of the issues we came together as a campus to carefully consider how we can improve.<\/p>\n

I have carefully considered the recommendations from the University Planning and Resources Advisory Council (UPRAC). Some of these recommendations can be acted upon immediately; others will require more in-depth examination. We conducted this process in an environment of transparency and inclusion, and I appreciate every comment and question we have received.<\/p>\n

You can view the decisions regarding the UPRAC recommendations at
\nhttp:\/\/www.utc.edu\/business-financial-affairs\/pdfs\/angle-budget-report.pdf.<\/a><\/p>\n

A Voluntary Retirement Incentive Program was also implemented as part of our rebalancing process.<\/p>\n

As we have said throughout this process, we are not in a budget crisis. UTC is fiscally healthy. We are taking these steps to remain strong.<\/p>\n

We continue to be a strong campus, transforming the lives of our students and adding value to our community. Our past success is the foundation for our even greater future.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the past several months, our campus has been engaged in a process to rebalance our budget and provide funds for strategic investment. The UTC Vision 2025 \u2013 Achieving Excellence budget rebalancing process sought a 4.75 percent reallocation of our overall budget, which represents approximately $5.8 million. As announced in October, we undertook a three-phase… <\/p>\n

Continue Reading <\/span><\/a><\/span><\/p>\n","protected":false},"author":465,"featured_media":116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized","8":"entry"},"yoast_head":"\nBudget Rebalancing - Office of the Chancellor Archive: Jul 2007 - Oct 2025<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogarchive.utc.edu\/chancellor\/2015\/04\/10\/budget-rebalancing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget Rebalancing - Office of the Chancellor Archive: Jul 2007 - Oct 2025\" \/>\n<meta property=\"og:description\" content=\"For the past several months, our campus has been engaged in a process to rebalance our budget and provide funds for strategic investment. 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