Operating Cycle with the Resource Management Model

FY2009 Mid-Year Reduction to State Appropriations

Unit administrators are currently developing plans for addressing the mid-year budget reductions that are required to address the 1.5% across-the-board reduction in all state appropriations ordered by Governor Culver in December. Final mid-year budget reduction targets were communicated on January 6.

As part of these mid-year budget reduction plans, President Geoffroy announced on December 31 that a set of university leaders will take 5 days of voluntary furlough between January 1 and June 30. Other university employees may also volunteer to take days of furlough or leave without pay through June 30 to help with the mid-year budget reductions. Employees also have the option of contributing dollars through the ISU Foundation and request that the contributions be directed back to the university to help with the mid-year budget reduction. Employees will be asked to submit their request to participate in either of these options by February 6.

Questions and Answers for Employees on Voluntary Participation Program

Formulas for Estimating Salary and Fringe Benefit Savings for Faculty and P&S Employees

Voluntary Furlough Request Form for Faculty and P&S Employees

Formulas for Estimating Salary and Fringe Benefit Savings for Merit Employees

Voluntary Leave Without Pay Request Form for Merit Employees

ISU Budget Reduction Support Gift Form

For any questions or additional comments about voluntary leave without pay, please send an e-mail to vlwop@iastate.edu.

To share ideas on how to cut costs to reduce the budget for the current fiscal year, please send an e-mail to budgetmodel@iastate.edu.