Budget Plan Updates
We recognize that keeping members of our community informed on the status of the budget plan is essential. This page details important updates about our budget plans. We will continue to update it periodically as new developments occur.
Oct. 16, 2018 - Fall 2018 Financial Stability Plan Update
Over the course of the past month, Vice President for Administration and Finance Josee Larochelle has been presenting updates on the Financial Stability Plan at ten community gatherings. Overall, the campus has made significant progress on achieving the goals in the financial stability plan thanks in large part to the significant support from the campus community. While our first year achievements have been impressive, there is still much more work ahead of us. We must continue the progress that has been made if we wish to achieve the financial goals outlined in the plan.
If you were unable to attend the presentation, you can learn more about it here.
Aug. 21, 2018 - Budget Initiatives Being Implemented and Fall Gatherings Planned
Throughout the summer, the Revenue Generation and Cost Management and Business Process Improvement Budget Response Teams have been meeting regularly to review campus budget ideas. To date, six initiatives have been been reviewed, recommended for implementation, and have been, or are in the process of, being implemented. Together, these six initiates will result in almost $25,000.00 of additional revenue or cost savings on an annual basis. Highlights can be found below.
The teams are continuing to review existing and newly submitted ideas and will continue to report on their progress quarterly. Learn more about our budget response teams.
In addition, Vice President for Administration and Finance Josee Larochelle will be holding community gatherings in September 2018 to provide an update on the Financial Stability Plan presented to the campus during 2017-18. The schedule for the community gatherings is as follows:
|Division / Department||Date||Time||Location|
|School of Business and Economics||Friday, 9/7/2018||9 a.m.||Hermes Room|
|Branch Campus at Queensbury||Friday, 9/7/2018||9 a.m.||via ZOOM|
|School of Arts & Sciences||Friday, 9/7/2018||11 a.m.||Cardinal Lounge|
|School of Education, Health & Human Services||Monday, 9/10/2018||9 a.m.||Cardinal Lounge|
|Student Affairs Division||Monday, 9/10/2018||1 p.m.||Cardinal Lounge|
|Institutional Advancement Division||Wednesday, 9/12/2018||9 a.m.||Hawkins 025|
|Library and Information Technology Services||Wednesday, 9/12/2018||2:30 p.m.||Cardinal Lounge|
|President's & Provost's Office||Monday, 9/24/2018||2 p.m.||Cardinal Lounge|
For the Administration and Finance Division, budget updates will be provided at the Divisional Meetings scheduled at the following times:
|Wednesday, 10/10/2018||9 a.m.||Alumni Room|
|Thursday, 10/11/2018||2 p.m.||Alumni Room|
March 9, 2018 - Spring 2018 Community Gatherings
Over the past weeks, members of the campus community had the opportunity to attend a Financial Stability Plan Update presentation. For those present, thank you for attending. The level of engagement and inquiry was outstanding. Our plan for attaining financial stability is a collaborative effort and we are confident that our campus community has the ability and stamina to achieve the plan. If you were unable to attend the presentation, you can learn more about it here.
Feb. 28, 2018 - Budget Response Teams Moving Forward
In consultation with President's Cabinet,Vice President Larochelle formed two budget response teams, each one focused on a critical area of our budget plan.
- The Cost Management and Business Process Improvement Team will be examining opportunities within Business Affairs to generate cost savings and reviewing ways to make our business processes more efficient and effective. As the focus is internal, membership in this team will come from the Business Affairs Division.
- The Revenue Generation (Capitalizing on our Assets) Team will be reviewing opportunities to leverage the College’s assets (such as facilities and intellectual property to name a few) to generate additional revenue to support the College. As this team is focused on a broader review of revenue opportunities, membership will come from across campus.
The teams will begin with the budget suggestions submitted by our community but also engage with departments on additional opportunities. It is important to note that these initiatives are long-term. We anticipate some quick wins for each of these teams, but many changes will take time. Stay tuned for updates on each teams activities.
Nov. 6, 2017 - Suggestions Rolling In
As of Nov. 2017, the College has received more than 120 suggestions to cut costs or raise revenue from our campus community. To assist the College's leadership with evaluating the many suggestions received, a budget reduction evaluation workgroup has been formed. This group is currently in the process of reviewing ideas and formulating recommendations to campus leadership for further consideration. We anticipate having more information to share later this semester.
The number and quality of the suggestions are a reflection of the shared commitment that our community has to its future. Thank you to the many individuals who have already submitted ideas and please continue to share new ideas with us.
Sept. 27, 2017 - "Coffee with Clark"
Coming in October, please join Clark Foster, Associate Vice President of Administration and Finance, for "Coffee with Clark", an opportunity to share your ideas for cutting costs or raising revenue. Do you see ways for the College to save money? Come enjoy a cup of coffee with Clark and share your ideas. All ideas are welcome and will be reviewed.
Sept. 8, 2017 - Community Gatherings
Interim Provost and Vice President for Academic Affairs Michael Morgan and Vice President for Administration Josee LaRochelle are holding community gatherings in Sept. and Oct. 2017 to discuss achieving financial stability and initiatives to ensure the College's success. If you have not had a chance, please attend one of the sessions to learn more about the College's budget situation and our plan for financial stability.
|Arts and Sciences (Sciences and Social Sciences)||Thursday, Sept. 14||1 - 2:30 p.m.||200 Yokum Hall|
|Education, Health and Human Services||Friday, Sept. 15||12:30 - 2 p.m.||ACC Alumni Conference Room|
|Business and Economics||Friday, Sept. 15||3 - 4:30 p.m.||Au Sable Hall Hermes Room|
|Student Affairs||Monday, Sept. 18||10 - 11:30 a.m.||ACC Alumni Conference Room|
|Business Affairs (except Operational Service Unit)||Tuesday, Sept. 19||8:30 - 9:30 a.m.||ACC Alumni Conference Room|
|Arts and Sciences (Arts and Humanities)||Tuesday, Sept. 19||2 - 3:30 p.m.||200 Yokum Hall|
|Library and Information Technology Services||Wednesday, Sept. 20||1:30 - 3 p.m.||ACC Cardinal Lounge|
|Business Affairs (Operational Service Unit)||Monday, Sept. 25||8 - 9 a.m.||200 Yokum Hall Room|
|Business Affairs (Operational Service Unit)||Monday, Sept. 25||2 - 3 p.m.||208 Yokum Hall Room|
|Academic Affairs (Direct Reports)
and President's Office
|Tuesday, Oct. 3||10 - 11:30 a.m.||ACC Cardinal Lounge|
|Institutional Advancement||Wednesday, Oct. 25||1:30 - 3 p.m.||Kehoe 6th Floor Conference Room|
|Branch Campus at Queensbury||Thursday, Oct. 26||Noon - 1:30 p.m.||RHEC SUNY Adirondack|
If you are unable to attend a presentation for your area, please consider attending on an alternate date. Additionally, employees in non-academic roles within Academic Affairs who don’t serve in a specific school are welcome to attend on a day and time that is best for them.