OFFICE OF THE ASSISTANT VICE CHANCELLOR RESOURCE MANAGEMENT
July 28, 1994
ALL AT UCSD
For your information, below is a summary, released by the Office of the President, of part 2 of Provost Massey's remarks to the Regents related to the 1994/95 University of California budget.
Margaret F. Pryatel
Assistant Vice Chancellor
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REGENTS' MEETING PRESIDENT J. W. PELTASON SAN FRANCISCO PROVOST WALTER E. MASSEY JULY 14-15, 1994 University of California
1994-95 BUDGET OUTCOME
(PROVOST MASSEY)
_ Turning to the capital budget: We are continuing to work
with the other segments of higher education, the Department of Finance, and the Legislature in an effort to place a higher education bond issue on the November ballot. If that happens, and if the measure wins passage, we would have a 1994-95 capital budget of about $160 million. _ On the hopeful assumption that there might be a successful
November bond issue, we are working with the campuses to develop a 5-year capital budget that is heavily oriented toward seismic improvements and other life-safety measures. _ If there is no November bond measure, however, or if it
fails passage, we will have essentially no capital budget for 1994-95; and in 1995-96, we might anticipate some revenue bond funding but nothing more. In that event, it would appear that the bulk of safety improvements will have to be delayed until State funds become available.
_ We have just begun to work on the operating budget request
for 1995-96. We are hoping for a somewhat improved fiscal outlook at the State level by then. _ Our approach to the 1995-96 budget will be generally the
same as in 1994-95. As we discussed with The Regents last October, our goal is to achieve fiscal stability over the near-term, through 1997-98, through a combination of State funds and student fee income. Enrollments are expected to remain essentially stable during the period, so our budget proposals can concentrate on holding the line. In essence, our goal is to stay even--that is, not lose further ground, but see no improvement and no restoration. _ That was the basis for our 1994-95 budget plan, which seems
to have met with general approval by the Governor and Legislature. _ Our budget request for 1995-96 will include funds for merit
salary increases as a high priority. We will also seek to keep pace with inflation and workload growth through salary COLAs, price increase funds for the nonsalary budget, and funds to operate and maintain new buildings coming on line. In the instructional budget, we will seek funds for new faculty positions as part of a plan to phase in appropriate funding for current enrollment levels. _ We will do our best to hold down the fee increase. How
successful we are will depend upon what the State is able to provide. This year, the State provided alternative funds that reduced our need for fee income. We hope we can reach a similar compromise next year.
_ We will present a detailed budget proposal to you in October
for discussion, and in November for approval. --Msg_Part_Sep_CC1526407--