weekend college 2009 dallas, texas
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Weekend College 2009Dallas, Texas
August 1, 2009
Thank youMitch and David and Keith
We were warned…
Home of 2,396 alums,
97 students in 2008 and 3 incoming Freshmen this fall
“It was the best of times,It was the worst of times.”
- Charles Dickens
5
We know that nationally times have been unprecedented…
GDP Declines During Postwar Recessions(peak-to-trough percent change; date is year of peak quarter)
1948 1953 1957 1960 1970 1973 1980 1981 1990 2001 2008 1st Qtr 2009
Series1 -1.8 -2.7 -3.7 -1.5 -1.1 -3.1 -2.2 -3.8 -1.4 -0.2 -4.8 -5.7
-5.5
-4.5
-3.5
-2.5
-1.5
-0.5
6
And Kentucky has not been immune to those impacts
(Nonfarm employment in thousands)
p: preliminary
Jun. 20091,774.2 (p)
Dec. 20071,871.9
Oct. 20001,833.6
Jun. 20031,777.6
Manufacturing employment in thousands
p: preliminary
Jun. 2009 207.0 (p)
Jan. 1999308.3
Kentucky Economy:“The Biggest Problem We Face”
There are challenges
Kentucky Employment Losses
Cuts/Cuts/Cuts
9 for 9
State Individual Income Tax/Sales Tax
Options
• Throw in the towel – give up on mandates
• Limp along
• Remain focused/committed and passionately committed to our task
So while we all face challenges…
We will never lose sight of our mandates!
U of L to be Premier Nationally Recognized Metropolitan Research University
Our Mandates
1997 Post Secondary Education
Improvement Act
1996 Boyle Report
1998 – 2008“Challenge for Excellence”
“We met Challenge”
2020 Plan
1. Reengineer operations2. Convert underperforming assets to fully
performing assets3. Increase fundraising4. Enhance clinical income (460 physicians)
• PPP• University of Louisville Hospital
5. Develop partnerships6. Improve contract research/commercializing7. Being creative (e.g. TIF)
Our 7 Strategies to Achieve Mandates Given Fiscal Environment
And so…
• $105 million in cuts, savings and efforts to find money to move forward
• Big things• Refinanced debt• Self-funded health insurance
• Little things• Washing windows• Power-down vending machines
Dataseam – avoiding new costs
Note: Three cancer drugs in clinical trials
Enhanced food service
Our Partnerships
Student Housing – The Province Siemens Energy Audit
Ramping up Giving
$42,
434
,018
$36,
382,
594
$42,
382,
805 $6
4,47
6,59
6
$61,
511,
069
$51,
367,
489
$86,
571,
870
$95,
000,
000
Building Clinical Income
Outpatient Center
And we are making progress…
Our Students
• Freshman class average ACT• 2008 – 24.4• 1998 – 21.8• State avg. – 20.8• National avg. – 21.2
U of L Graduates
• 1998 – 1,734 degrees awarded• 2009 – 2,428 degrees awarded– Up 39% (694 students) since beginning of
reform
• Graduation rates are up to 45.7%
• 7 Fulbright Scholars in 2009
• First time more students from outside Jefferson County than inside
Making Kentucky a better place
Research Funding and NIH Funding
Total grants for 1997 – 2009 - $140 M
Investing in quality at U of L
The Conn Center for Renewable Energy Research and Environmental Stewardship
Community/Economic Development
New arena and other construction projects
ShelbyHurst
Louisville Arena
Haymarket
We have been and will be challenged, but we are intensely focused!
4 keys to Kentucky’s future
• Education
• Education
• Education
• Education
We need your help!
Women’s Sports
Basketball – Big East Runner up Big East Tourney Runner Up NCAA #3 seed Final Four! National Runner Ups! #2 in nation
Track – D’Anna McCarty NCAA Champ!
Softball – Top 25
Golf – Top 15
Track – Big East Champions!
Men’s Sports
Basketball – Big East Champs Big East Tourney Champs NCAA overall #1 seed #1 in Nation Final Poll Elite Eight #5 in Nation
Golf – Top 25
Tennis – Top 25
Track – Big East runner up
And finally!How ‘bout those Cards!
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