Word: fas
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Faculty members confronted Faculty of Arts and Sciences Dean Michael D. Smith yesterday with a barrage of questions about recently implemented budgeting measures that will grant him more authority than ever before in determining where FAS centers direct their funds...
...governance of the centers has always been in the hands of the faculty associated with them in partnership with FAS,” said Susan J. Pharr, director of Harvard’s Reischauer Institute of Japanese Studies. According to Pharr, Smith had reassured center leaders at a meeting on Friday that he would refrain from taking full control of their budgets...
...budgeting strategy, known as the “first-dollar principle,” requires that departments and centers spend their restricted funds according to thus far unspecified FAS “core principles.” Since area study centers—such as the Center for European Studies—are traditionally autonomous units that depend largely on restricted endowments and donations, center administrators were concerned about losing control of their spending priorities...
...FAS currently has an $80 million deficit, an improvement from the $110 million deficit Smith cited at the beginning of this academic year...
...letter sent to department and center administrators early last month, FAS Dean for Administration and Finance Leslie A. Kirwan ’79 sought to clarify the ongoing budgeting approach based on the first-dollar principle...