UM Board of curators meets to discuss how to save more money

1 year 6 days 14 hours ago Friday, December 08 2017 Dec 8, 2017 Friday, December 08, 2017 3:06:00 AM CST December 08, 2017 in News
By: Ally Wallenta, KOMU 8 Reporter
loading

COLUMBIA – University of Missouri administrative leaders, faculty and staff are gathering Friday morning for a curators meeting. 

One of the meeting’s most important agenda items is to announce an administrative review report that UM system officials and firm, PricewaterhouseCoopers have created over the past few months.   

During this time, the two groups have been looking to become more operationally effective, specifically by finding ways to save money.

“This is another step in a long, long series of steps that we have been taking since last year to review very carefully, all the operations of the university and to determine what should we be doing, what can we doing and what areas do we need to slim down or change,” said MU spokesperson Christian Basi. 

Last year, nearly $100 million were cut from MU’s budget. Basi said the firm was hired to look at MU’s operations and to see where they could be improving.  

Part of Friday’s review will be discussing these improvements, which could mean more budget and program cuts. 

Basi said “there are some programs on campus that are no longer viable or in demand so therefore we need to change what we are doing, and in some cases eliminate those programs.”

The cuts come after the UM system officials teamed up with PricewaterhouseCoopers this summer to review and assess opportunities for the system to become more operationally effective.

According to an email by President Mun Choi, the boards main concern is the Columbia campus given the decrease in enrollment that the campus has seen over the past two years.

Choi took over as MU’s president in March. Since then, close to $60 million has been removed from the school’s budget and numerous job positions have been eliminated.

The curators meeting began on Thursday, where a new board was elected. Board members usually serve for one year.  

At Thursday’s meeting, the board also approved changes to the UM Collected Rules and Regulations. The changes, like a new winter break reduced operations, will provide new benefits for some faculty and staff members

A shared leave program was also approved which will give employees the option to donate unused vacation time to a shared pool. The pool will offer other employees paid leave if they need it for emergencies, illness, etc. 

“It was something the board wanted to do to recognize the hard work of the employees at all four campuses,” Basi said.

Other things discussed at Thursday’s board meeting include”

  • A change in the education assistance program that reduces eligibility requirements for employees to receive tuition reductions for spouses from five to one years. The assistance decreases tuition by more than 50% for employees and dependents.
  • A new name for a MU hall. A majority of the people at the meeting want to name it the Lucile Bluford hall, after a black journalist who was denied admission to MU 11 times.
  • An update of the Memorial Stadium South Expansion which is projected to be completed in the summer of 2019.
  • Approval of School of Computing and Engineering- Education and Research center at University of Missouri-Kansas City.
  • Approval of a lower investment return assumption for a retirement plan from 7.75 percent to 7.2 percent.
  • A new Bachelor of Arts in International Relations at University of Missouri-St. Louis, Bachelor of Science in Biomedical Engineering and Masters of Science in Care Management at MU.

The meeting is taking place at the University of Missouri-St. Louis.

More News

Grid
List
NEW BLOOMFIELD - The Holts Summit Police Department has offered to include New Bloomfield in its coverage area for the... More >>
2 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 9:47:00 PM CST December 14, 2018 in News
(CNN) -- A federal judge in Texas said on Friday that the Affordable Care Act's individual coverage mandate is unconstitutional... More >>
3 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 8:12:00 PM CST December 14, 2018 in News
WASHINGTON - A new report released Friday ranks Missouri 48th in the nation for tobacco use prevention programs. ... More >>
3 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 8:08:00 PM CST December 14, 2018 in News
COLUMBIA - The South End Zone Project at Faurot Field is just over halfway through its construction timeline and people... More >>
8 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 3:46:00 PM CST December 14, 2018 in News
FULTON - Connie Cashion is the 2018 winner for the city's Jane Bierdeman-Fike Humanitarian Award. The award goes to... More >>
8 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 3:16:00 PM CST December 14, 2018 in News
FULTON - A Fulton nonprofit surpassed their volunteer goal and is able to give over 400 children a Christmas miracle.... More >>
9 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 2:52:00 PM CST December 14, 2018 in News
JEFFERSON CITY - State Auditor Nicole Galloway will join the investigation into Josh Hawley's use of funds during his Senate... More >>
9 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 2:44:00 PM CST December 14, 2018 in News
COLUMBIA - Students walking around MU's famous Quad may have seen an unexpected visitor Thursday. MU student Massimo Montalbano... More >>
10 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:50:00 PM CST December 14, 2018 in News
COLUMBIA - The scooter company Lime announced it has taken its scooters out of Columbia for the immediate future. ... More >>
10 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:49:00 PM CST December 14, 2018 in News
(CNN) -- Nearly 40,000 people in the United States died by guns last year, marking the highest number of gun... More >>
10 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:22:59 PM CST December 14, 2018 in News
COLUMBIA - The number of homeless people living in Boone County has increased in the past 10 years, according to... More >>
11 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 12:52:00 PM CST December 14, 2018 in News
(CNN) -- Johnson & Johnson's ( JNJ ) stock fell as much as 11% on Friday — on track for... More >>
12 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 11:46:00 AM CST December 14, 2018 in News
NEWTOWN, Conn. (AP) — A bomb threat forced the evacuation of the Sandy Hook Elementary School on Friday, a day... More >>
12 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 11:39:38 AM CST December 14, 2018 in News
(CNN) -- Facebook announced on Friday that the social network had exposed the private photos of millions of users without... More >>
13 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 10:15:10 AM CST December 14, 2018 in News
(CNN) -- President Donald Trump's former attorney and "fixer" Michael Cohen said his former boss knew that having Cohen arranging... More >>
14 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 9:44:00 AM CST December 14, 2018 in News
COLUMBIA - MU Professor Francis Huang wants schools to rethink suspensions and embrace a positive learning environment. Haung conducted... More >>
1 day ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 10:10:00 PM CST December 13, 2018 in News
NEW BLOOMFIELD - The Callaway County Sheriff's Office arrested a New Bloomfield High School student and charged them with making... More >>
1 day ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 9:41:00 PM CST December 13, 2018 in Continuous News
BOONVILLE- 301 pounds of marijuana were found in an SUV during a routine traffic stop by the Missouri State Highway... More >>
1 day ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 9:09:00 PM CST December 13, 2018 in Continuous News
Columbia, MO
Broken Clouds 35°
12am 37°
1am 36°
2am 35°
3am 35°