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<p class="MsoNormal">I thought you should see the notes from the latest SPBAC meeting provided by Carl Liaupsin.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">David<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">On Nov 15, 2023, at 1:26 PM, Liaupsin, Carl J - (liaupsin) <<a href="mailto:liaupsin@arizona.edu">liaupsin@arizona.edu</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal">Heads and Directors,<o:p></o:p></p>
<p class="MsoNormal">Given the concerns about our current university financial situation, I wanted to provide you with today’s SPBAC notes as soon as possible.<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><b>SPBAC Meeting Nov 15, 2023</b><o:p></o:p></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoListParagraph" style="margin-left:0in;mso-add-space:auto;mso-list:l6 level1 lfo3">
Update on University Financial Situation and “Cash on Hand Metric”<o:p></o:p></li></ol>
<ol style="margin-top:0in" start="1" type="1">
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Opening Remarks from President Robbins<o:p></o:p></li><li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Presentation from Lisa Rulney (VP Financial Affairs and CFO) and Steve Kelly (Asst VP, Treasury) on “Cash on Hand Metric”<o:p></o:p></li></ol>
</ol>
<ol style="margin-top:0in" start="2" type="1">
<li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level1 lfo3">
Discussion of Potential Options (Combination of Short term, Long term, and Corrective options)<o:p></o:p></li></ol>
<ol style="margin-top:0in" start="2" type="1">
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Debt restructure<o:p></o:p></li><li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Land sale<o:p></o:p></li><li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Pause or reduce FY25 salary increase program<o:p></o:p></li><li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Revise merit aid matrix<o:p></o:p></li><li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
End or revise tuition guarantee<o:p></o:p></li><li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Addressing unit-specific issues (accountability via monthly budget/actual review and reforecasting).<o:p></o:p></li></ol>
</ol>
<ol style="margin-top:0in" start="3" type="1">
<li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level1 lfo3">
Meeting Adjourned<o:p></o:p></li></ol>
<ol style="margin-top:0in" start="3" type="1">
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:0in;margin-top:0in;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
Time only allowed for bringing the “Potential Options” to the table, with very limited time to discuss the listed options or additional options that were brought forward.<o:p></o:p></li><li class="MsoListParagraph" style="margin-bottom:0in;margin-bottom:8.0pt;mso-margin-bottom-alt:8.0pt;mso-margin-top-alt:0in;margin-left:0in;mso-add-space:auto;mso-list:l6 level2 lfo3">
There was agreement to return to the Projected Options discussion in the next SPBAC meeting<o:p></o:p></li></ol>
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<p class="MsoNormal">Carl Liaupsin, Ed.D.<o:p></o:p></p>
<p class="MsoNormal">Professor and Head, Disability and Psychoeducational Studies<o:p></o:p></p>
<p class="MsoNormal">Executive Director, HeadsUp Network<o:p></o:p></p>
<p class="MsoNormal">College of Education<o:p></o:p></p>
<p class="MsoNormal">University of Arizona<o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:liaupsin@arizona.edu">liaupsin@arizona.edu</a><o:p></o:p></p>
<p class="MsoNormal">520-626-3810<o:p></o:p></p>
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