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Published August 11, 2016
The University of Wyoming’s Financial Crisis Advisory Committee (FCAC) will hear an update on budget reductions for the current fiscal year during its meeting Friday, Aug. 12, from noon-2 p.m.
The meeting will take place in the Wyoming Union Family Room and is open to the public.
The FCAC has been meeting Tuesdays and Fridays from noon-2 p.m. to help President Laurie Nichols prepare a plan to reduce spending by $15 million in the 2018 fiscal year to present to the Board of Trustees in November. Most meetings take place in Room 506 of Coe Library, but Friday’s meeting, and a number of others scheduled this fall, will take place at other locations.
FCAC meeting schedules, locations, minutes and agendas are available at www.uwyo.edu/president/budget_planning/fcac/. The first 15 minutes of each meeting are set aside for comments from visitors.
In addition to hearing an FY 2017 budget update from Vice President for Administration Bill Mai, the FCAC is scheduled Friday to discuss the possibility of adjustments to the FY 2018 budget reduction targets distributed by the committee in July to units across campus.
The FCAC and the president continue to invite input from the campus community and others via email as well as in person. People are encouraged to email their comments and ideas to firstname.lastname@example.org.
The budget reductions are a result of a drop in the university’s state block grant, driven by Wyoming’s economic downturn and loss of state government revenue. For the biennium that began July 1, UW faces a loss of nearly $41 million in state funding.
Nichols expects to present a preliminary plan to the FCAC for review and comment by Oct. 10. It then goes to the campus for comment Oct. 11. The comment period will end Oct. 28, and the FCAC will present the comments to the president by Nov. 1. Nichols will give her final recommendation to the Board of Trustees Nov. 8 for consideration at its regular meeting Nov. 16.
Information about UW’s budget reductions for the new biennium is available at www.uwyo.edu/president/budget_planning/.