East Tennessee State University
Reduction Plan
FY 2008-09
Running
Action Total
FY 08-09 Reduction to Date 5,733,800
Budget Reductions to Date 4,072,000 1,661,800
Use of Reserves 1,661,800 -
Expected January 09 Reduction 2,992,700
Personnel Reductions (Frozen/Vacant Positions) (1,000,000) 1,992,700
Operating Cost Reductions (1,000,000) 992,700
Use of 2% Reserve (992,700) -
FY 2009-10
Running
Action Total
Expected January 09 Reduction 2,992,700 2,992,700
Expected July 09 Reduction 2,992,700 5,985,400
October 08 Use from One Time 1,661,800 7,647,200
Use of 2% Reserve to Meet 08-09 Reduction 992,700 8,639,900
Anticipated Tuition Increase (10%) (3,750,000) 4,889,900
Other Revenue Enhancements (course fees, etc.) (500,000) 4,389,900
Personnel Reductions (Frozen Positions/VBO/RIF) (2,500,000) 1,889,900
Operating Cost Reductions (1,000,000) 889,900
Unidentified (Further Revenue Enhancement or Operating (889,900) -
Cost Reductions as further Information is known)
7 Page