Over the past several months we have undergone significant organizational change as part of a three phased effort to mitigate the effects of the economic downturn and preserve and sustain the progress made in areas of teaching, research, student support and facilities. As you all know, Phase I of this process began in FY09 and FY10 as Brown revised its growth plans to close a $35 million projected budget shortfall. During the recent Phase II, we focused on realigning administrative functions wherever possible and maximizing income from auxiliaries through an organizational review process which focused on eliminating an additional $30 million projected deficit in FY11.
In Phase III, which will span FY12 through FY16, we will selectively target investments in ways that will enhance the quality and national standing of Brown’s academic programs in teaching and research. To support these investments, we will need to build on existing strengths that have the potential to generate incremental revenue.
Throughout this ongoing process, we continue to utilize “Brown and the Economy” as a portal to our efforts in achieving these goals. The site will also continue to keep the community informed of our business process redesign/improvement projects. Please continue to monitor this site for updates on all of our ongoing processes and efforts.
Executive Vice President for Finance and Administration