Staff Senate

April 11, 2011

Dr. James R. RamseyUniversity of Louisville

Thank you for the invitation!

More importantly,

Thank you for all you do!

Some great things are happening here!

• UofL has changed video

Some updates

Hitting the RoadHigh School Outreach 2010

Lexington CatholicBryan StationHenry ClayCentral Kentucky CounselorsRowan CountyWest Carter CountyEast Kentucky CounselorsPrestonsburgPikevilleOwensboro Senior High & Governor’s Scholars LuncheonShawnee (twice)Central ManualBeechwoodHoly CrossElizabethtown Counselors/Governor’s ScholarsJohn Hardin High SchoolNorthern Kentucky Counselors/Governor’s Scholars

Hitting the RoadAlumni Outreach 2010/2011

Also …Northern Kentucky ClubTampa/St. Pete ClubDenver Club

New York City ClubSouthwest Florida Club Florida East Coast Club

And of Course Donor Activities and the Campaign

$750,000,000$415,802,511

• Public Phase – Comprehensive Campaign – November 2010• Update on Campaign

So you can see, I’m not here much

The Mandate; What Drives Us

Be it enacted by the General Assembly of the Commonwealth ofKentucky:

Section 1. This Act may be cited as the "Kentucky PostsecondaryEducation Improvement Act of 1997.“

(2) The General Assembly declares on behalf of the people of the Commonwealth the following goals to be achieved by the year 2020:(c) A premier, nationally-recognized metropolitan research university at the University of Louisville;

Employment in StateDrives State General Fund and Educational Funding

Jan-99

Jul-99

Jan-00

Jul-00

Jan-01

Jul-01

Jan-02

Jul-02

Jan-03

Jul-03

Jan-04

Jul-04

Jan-05

Jul-05

Jan-06

Jul-06

Jan-07

Jul-07

Jan-08

Jul-08

Jan-09

Jul-09

Jan-10

Jul-10

Jan-11

1750.0

1770.0

1790.0

1810.0

1830.0

1850.0

1870.0

1890.0

Jan '991769.4

Oct '001833.6

Jul '031777.6

Dec '071872.4

Feb '111780.1

Translating the Economy Into Budget Reality

State Mandated Budget ReductionsFY 2001-02 through FY 2011-12

Cumulative2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Total

Recurring FY 2002 ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($33.0)

Nonrecurring FY 2002 ($3.9) ($3.9)

Recurring FY 2003 ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($3.0) ($30.0)

Recurring FY 2004 ($3.1) ($3.1) $0.0 a. $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 ($6.2)

Nonrecurring FY 2004 ($7.9) ($7.9)

Nonrecurring FY 2008 ($5.1) ($5.1)

Recurring FY 2009 ($10.0) ($10.0) ($10.0) ($10.0) ($40.0)

Nonrecurring FY 2009 @ 2% ($3.2) ($3.2)

Recurring FY 2010 @ 2% ($3.2)b. ($3.2) ($3.2) ($9.6)

Recurring FY 2011 @ 1.5% ($2.4)c. ($2.4) ($4.8)

Recurring FY 2012 @ 1% ($2.0)d. ($2.0)

($6.9) ($6.0) ($17.0) ($9.1) ($6.0) ($6.0) ($11.1) ($19.2) ($19.2) ($21.6) ($23.6) ($145.6)

Footnotes:

a. The Recurring Reduction from FY 2004-05 was restored in FY 2005-06.

b. The Nonrecurring for FY 2009 became recurring in FY 2010.

c. The FY 2010-11 Recurring Reduction is on 1.5% of the FY 2009-10 Budget of the Commonwealth as enacted and signed into law and includes a cut to QCCT.

d. Includes General Fund, QCCT and Debt Service Reductions.

1. Continuing re-engineering of processes and expense management

2. Aggressively improving balance sheet management, with an emphasis on converting underperforming assets

3. Increasing clinical income to support education and research4. Increasing contract research and commercialization income5. Creating private sector partnerships6. Enhanced fund raising7. Being creative in expanding the research mission through

innovative financing tools like the tax increment financing plan

But We Said “Budget Cuts Would Not Stop Us”Our Seven Strategies

2002-03 2010

UofL Hospital Payments $8 Million $11 Million

UofL Foundation Support $35 Million $108 Million

Technology Transfer Income(royalties, associated1, reimbursed)

$31,000 $3,209,753

1 Associated income includes industry-sponsored research negotiated as part of licensing/marketing activity or from start-ups that are based on ULRF-owned IP.

For Example…

And Most Importantly, We Have Made Progress During These Difficult Times

UofL campaign video

Thank you!

Questions?