Dean Thompson summarized the current support offered by the library and explained that this could be a great opportunity for the library to expand its support for the university community. Some of those expanded services could include: • Proac�vely iden�fying and purchasing library -licensed unlimited user eBooks, when possible • Partnering with Mul�modal on Open Educa�onal Resources (OER) adop�on trainings • Crea�ng a catalog of highly rated OER for easy adop�on Along with expanded services, the library could conduct targeted outreach based on enrollment, leverage memberships to increase collabora�on and access to grant funding, offer incen�ves, and create a comprehensive marke�ng strategy to make a complicated landscape more accessible. To make an informed decision, the University must carefully consider the advantages, disadvantages, and poten�al outcomes associated with each solu�o n. Discussions will con�nue. VALUES BASED BUDGETING President Wohlpart presented on values-based budge�ng in Vice President Klucking’s absence. In response to the university’s new vision, mission, values, and related strategic plan the resource allocation model related to the core instructional fund groups is changing. The current Values Based Budget model is being modified in the following ways: Instructional funding – The current process of estimating instructional needs based on total student credit hours and instructional expectations is not changing, but the process to centralize funding for vacated tenured/tenure track positions until when/if that position is re-filled is new. Staff funding – We are eliminating the concept of incremental budgeting for staff positions. Instead, we will create annual budgets based on the staff employed as of the year's end. As vacancies occur, we will centralize the funding of those positions and restore it when/if re-filled. A process will be created to re- evaluate each position as it is vacated with the potential to migrate funding in support of our new vision, mission, and strategic plan. Goods & Services – Since salary and benefit savings are going to be centralized, departments will no longer have access to funding that has been historically used to fund goods and services (and the related impact of inflation). Goods and Services budgets will need to be re-considered, including identifying waste and redundancy to support the needs of the vision, mission, and strategic plan. President Wohlpart explained that between February and June of this year, Vice President Klucking has met with all the shared governance groups about values-based budgeting. ADVANCEMENT UPDATE Vice President Elstone gave the board an update on University Advancement. University Advancement continues to make progress towards its long-term goals. This work supports our aspirations of delivering a successful comprehensive fundraising campaign. • Recent hires across different advancement functions enables the Advancement program to now fulfil all major advancement functions and position the team well for continued growth in activity and outcomes.
10 Board of Trustees Minutes July 20-21, 2023
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