President's Testimony

FY 2010 Governor's Allowance and What it Supports

• The Governor's Allowance for UMB includes about $186.8 million in General Funds, an increase of about $2 million over our FY 09 revised working budget and other increases of about $5.2 million.  $1.1 million of these funds support the on-going expansion at Shady Grove of our pharmacy and nursing programs; both areas where workforce shortages are particularly severe.  The Allowance also includes $2,250,000 in less-than-fifteen-year-life operating equipment funds for the Pharmacy Hall Addition which is expected to open on schedule in August 2010.  [Chart 6.]
  
  

• As is the case with all USM institutions, as currently structured the Allowance includes no funds for merit or cost-of-living increases, and is insufficient by some $6 million to meet increases in fringe benefits, utilities and other mandated expenses.  We will continue to meet this challenge, as we have in years' past, by meeting or exceeding the Regents' targets for efficiency and effectiveness and by continuing to strengthen our entrepreneurial programs.
  

  Next