Word: fiscal
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...Twenty million dollars is not where I expect us to end up at the end of the year. I think we can do tremendously better—in fact, I think we can come back to a balanced budget in fiscal year ’10,” Smith said. “We started out tremendously well here, but we aren’t out of the woods yet. There’s still more work to be done. But I wouldn’t want to be anywhere else...
Though overall University donations decreased by 8 percent in the past fiscal year, FAS saw a windfall 7 percent increase in donation revenue—thanks in large part to two anonymous unrestricted gifts that add up to approximately $32 million, according to Smith...
...following month, Smith called for a comprehensive “reshaping” of FAS to close the two-year $220 million deficit, $130 million of which would need to be addressed in the current fiscal year...
...same meeting, Smith projected that the 2011 fiscal year budget would see an additional 12 percent decrease in endowment payments to the school...
...bigger issue is a looming gap in fiscal year ’11,” Smith said yesterday, adding that he has entrusted FAS’ six working groups with the task of recommending budget cuts for the two-year period...