Analysis of the Administration’s Presentation on the Financial Condition of the University
This analysis evaluates the president’s current financial case for retrenchment against that contractual standard. It focuses on three issues: (1) the financial condition of the institution as a whole, including university‐wide reserves; (2) the availability of reallocations across Board‐defined reserve categories and funds; and (3) the administration’s choice to treat an E&G‐only reserve problem as if it were equivalent to an institution‐wide inability to avoid “serious distortion” without retrenchment. It also identifies constructive, contract‐consistent options—including targeted use of above‐minimum reserves to support voluntary retirements and voluntary FTE reductions—that could slow and soften the adjustment without immediate resort to retrenchment.