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A Message from the Vice President of Administration and Finance

To Employees of the Business Affairs Division:

Josee Larochelle, Vice President of Administration Over the past weeks, members of the campus community had the opportunity to attend a Financial Stability Plan Update presentation. For those present, thank you for attending. The level of engagement and inquiry was outstanding. Our plan for attaining financial stability is a collaborative effort and we are confident that our campus community has the ability and stamina to achieve the plan. If you were unable to attend the presentation, you can learn more about it here.

Highlights from the presentation include the following:

I also wanted to draw your attention to the New York State Budget, which was passed on March 30, 2018. The highlights as related to the State University of New York are as follows:

  • Fall 2017 enrollment exceeded the goal by 3%, which results in increase tuition revenue.
  • There was no change in the expected temporary salary reductions, however cuts in permanent salaries will extend into FY2021-22.
  • Permanent Salary & Expense reductions totaled $662,000 in FY2017-18 & $1.5 million in FY2018-19.
  • The structural deficit in FY2021-22 increased from $2 million to $4.2 million due to the elimination of the expected 10% reduction in scholarship offerings. We are working towards a balanced budget by FY2021-22 through cost savings & efficiency & revenue generation committees.

I also wanted to draw your attention to the New York State Budget, which was passed on March 30, 2018. The highlights as related to the State University of New York are as follows:

  • No Increase in state funding Funding for the Educational Opportunity Program (EOP) and Small Business Development Center (SBDC) is kept at the current FY2017-18 level with no reductions
  • $18 million for Performance Improvement Plan is kept at the current FY2017-18 level
  • $4 million for Open Educational Resources (OER) at SUNY is included in the new budget

As a public institution, our financial position continues to depend heavily upon the budget-making process in Albany. While it is disappointing that we did not see an increase in state funding, it is at least reassuring that the Governor and Legislature funded SUNY at a level consistent with the past year. As we look to future years, we will continue our efforts to advocate for SUNY while also identifying and implementing cost savings and revenue generation ideas to achieve a secure financial future for the College. As always, I thank you for your efforts on behalf of our campus.

Sincerely,

Josee

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Contact Information

Josee Larochelle, Vice President for Administration and Finance
Office: Kehoe 901
101 Broad Street, Plattsburgh NY

Phone: (518) 564-2130
Email: [email protected]