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University addresses budget challenge
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University addresses budget challenge
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Months of work to close a projected $30 million budget shortfall resulted today in the presentation of a balanced budget to the Board of Trustees. The Board approved a $379 million budget for the fiscal year beginning July 1.

The Fiscal Year 2014 (FY14) budget was balanced through a combination of reduced spending across all campus units and colleges, staffing reductions, controlled compensation, increased tuition and fees, and an increase in student support through scholarships.

“Throughout this budget planning process, and going forward, our focus remains our students’ success,” says University President Luis Proenza. “We must provide an affordable education and an extraordinary Akron Experience that supports our students year after year so that they graduate with the skills and knowledge they need to succeed in the new economy.”

Highlights of the budget include:

  • Tuition/fee increase of 2 percent for undergraduate and graduate students at The University of Akron.
  • Tuition at Wayne College is frozen at the current rate. Tuition for associate programs at Summit College is frozen at the current rate. Each of these actions is intended to move the cost structure of associate degree programs and degrees to be more in line with costs at community colleges.
  • The budget includes $48.7 million in scholarships, a 5.5 percent increase over FY13, to support student academic success.
  • The largest component of the budget is personnel and compensation, accounting for nearly 60 percent of expenditures. The FY14 budget projects no salary increases. Increased costs associated with benefits are offset by savings in group insurance management.
  • Staffing reductions include the elimination of about 100 positions, more than half are already vacant. Many of the other staff reductions come from attrition and retirement. Part-time and summer faculty expenditures will be less as the result of reduced enrollment and changes in teaching schedules.

For more details about the budget, go to our budget website.

In other business:

  • The Board approved a rule revision requiring a minimum of 120 hours to earn a bachelor's credit degree and 60 credit hours to earn an associate's. The change aligns the University with other state universities. Faculty Senate approved the proposal in May.
  • Trustees approved the formation of the Public Health Law & Science Center in the School of Law. The center and its new Health Law Certificate Program will focus on advances in science and technology as they relate to overall population health. Most health law programs in the United States put emphasis on the health of the individual. What makes PHLSC and the certificate program distinctive is the focus on population health which includes individual health. This allows for a more holistic approach to crafting laws and policies designed to improve the human condition. Public Health Law & Science Center's website.
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How to Get Your Information In Zipmail
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The University of Akron's Zipmail is a compilation of University announcements for University students, sent each Friday unless circumstances require otherwise. The deadline for submissions to be considered by the University is 5:00 p.m. on Wednesday.

Zipmail is a University of Akron communication vehicle established for the benefit of The University of Akron to communicate with its students. Items will be accepted for publication only when the University is directly involved in the activity through participation, sponsorship, or partnership with one of its recognized organizations, colleges or departments. The University reserves the right to edit or to refuse to run any submission for any reason. Zipmail is not, nor is it intended to be, a public forum or a limited public forum. Questions about the implementation of this policy may be directed to zipmail@uakron.edu.

Items to be considered for inclusion in Zipmail should be sent through the Zipmail Event Submission Form. Due to the volume of submissions received, items will not run more than one time.

Questions about specific announcements should be made to the contact person/department/organization listed in the announcement.Your event will automatically be forwarded to the University's online calendar. The Zipmail Coordinator can be reached at x2837.
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