Recent Activity

Vice president explains how years of rolling deficits are being eliminated

Two years ago, the university was faced with a nagging, growing deficit, the result of a years-long rolling accumulation of debt that was projected to grow to nearly $215 million by 2015 if the administration took no action. That so-called structural deficit will be nearly erased by the close of fiscal year 2012, a year ahead of time, according to Vice President for Planning and Budget Elmira Mangum. And there are plans to reduce the annual operating budget deficit to $15 million thanks to efficiency initiatives. more...

Administrative Streamlining Program office furthers efficiency initiatives...

The university is taking the next steps in its streamlining process to rethink its administrative services, achieving cost savings goals through program and project redesign. The effort is part of the "Reimagining Cornell" initiative and is expected to save the university up to $85 million annually by 2015. more...

CU recognized as an 'institution of community engagement'

For its community engagement, the university has earned the nation's top recognition. The Carnegie Foundation for the Advancement of Teaching -- whose classifications of colleges and universities are considered the country's gold standard -- has designated Cornell an "institution of community engagement," Carnegie announced today (Jan. 5). Cornell is now one of only 311 U.S. colleges and universities to receive this classification. more...

Fiscal '11 operating budget to be cut by 4.5 percent

Elmira Mangum, Cornell's vice president for planning and budget, shares some thoughts on the numbers for the new fiscal year beginning July 1. more...

Budget Context

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