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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Paliotta, Amanda
<br>
<b>Sent:</b> Thursday, March 10, 2016 11:21 AM<br>
<b>To:</b> Mauck, Sheri<br>
<b>Subject:</b> FW: Oil Gross Production Update – Second Revenue Reduction<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Please forward the email from the Chancellor and the attached spreadsheet to the Business Officers. Thank you.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Johnson, Dr. Glen
<br>
<b>Sent:</b> Thursday, March 10, 2016 11:18 AM<br>
<b>To:</b> Presidents; Leaming, Adam; Mills, Dr. Steve; Mosley, Terry<br>
<b>Cc:</b> Holloway, Ann; Ann Holloway; Harrel, James; Glass, Marlin; Jay Helm; Helm, Jay; Massey, John; Parker, Joseph; John Massey (<a href="mailto:jmassey@firstunitedbank.com">jmassey@firstunitedbank.com</a>); Joseph L Parker (<a href="mailto:jody@anchorstoneco.com">jody@anchorstoneco.com</a>);
Mike Turpen (<a href="mailto:mturpen@att.blackberry.net">mturpen@att.blackberry.net</a>); Turpen, Mike; Regent Marlin (Ike) Glass (<a href="mailto:5803626225@netfax.osrhe.edu">5803626225@netfax.osrhe.edu</a>); White, Ronald; Stricklin, Toney; Stricklin, Toney;
Toney Stricklin (<a href="mailto:toney.stricklin@tdrsllc.com">toney.stricklin@tdrsllc.com</a>); White, Ronald<br>
<b>Subject:</b> Oil Gross Production Update – Second Revenue Reduction<o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center">OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION<o:p></o:p></p>
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<b><span style="font-size:36.0pt;letter-spacing:-3.0pt">Memo</span></b><o:p></o:p></p>
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<p class="MsoNormal"><b>To: <a name="to1"></a>Presidents<o:p></o:p></b></p>
<p class="MsoNormal"><b> Adam Leaming, University Center at Ponca City<o:p></o:p></b></p>
<p class="MsoNormal"><b> Dr. Steve Mills, University Center of Southern Oklahoma<o:p></o:p></b></p>
<p class="MsoNormal" style="line-height:150%"><b> Dr. Terry Mosley, Quartz Mountain<o:p></o:p></b></p>
<p class="MsoNormal" style="line-height:150%"><b>Cc: State Regents<o:p></o:p></b></p>
<p class="MsoNormal" style="line-height:150%"><b>From: </b> <a name="from">
</a>Chancellor Glen D. Johnson<o:p></o:p></p>
<p class="MsoNormal" style="line-height:150%"><b>Date: </b> <a name="datea">
</a>Thursday, March 10, 2016<o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.5in;line-height:150%">
<b>Subject:</b> <a name="re"></a>Oil Gross Production Update – Second Revenue Reduction<o:p></o:p></p>
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<p class="MsoNormal" style="text-autospace:none"><a name="body"></a>Following up on our discussion at our Council of Presidents meeting yesterday, the February collections of oil gross production revenue continue to affect the total allocations available from
the Higher Education Capital Revolving Fund and the Oklahoma Tuition Scholarship Revolving Fund.
<o:p></o:p></p>
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<p class="MsoNormal" style="text-autospace:none">The Oklahoma Tax Commission has advised us that the revised estimate for the total revenue available for FY16 from the two revolving funds has resulted in an additional $5.6 million reduction ($2.8 million for
each fund).<o:p></o:p></p>
<p class="MsoNormal" style="text-autospace:none"><o:p> </o:p></p>
<p class="MsoNormal" style="text-autospace:none">Attached are the adjusted allocation figures for all higher education institutions, constituent agencies, operations support and special programs. The revised allocations will be presented to the Oklahoma State
Regents for ratification at their April 21, 2016 regularly scheduled meeting.<o:p></o:p></p>
<p class="MsoNormal" style="text-autospace:none"><o:p> </o:p></p>
<p class="MsoNormal" style="text-autospace:none">Please contact Vice Chancellor Amanda Paliotta at
<a href="mailto:apaliotta@osrhe.edu">apaliotta@osrhe.edu</a> or (405) 225-9126 if you have any questions.<o:p></o:p></p>
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<p class="MsoNormal" style="text-autospace:none">Thank you.<o:p></o:p></p>
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<p class="MsoNormal">Glen<o:p></o:p></p>
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<p class="MsoNormal"><b><span style="color:black">Glen D. Johnson</span></b><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Chancellor<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Oklahoma State Regents for Higher Education<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">655 Research Parkway, Suite 200<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Oklahoma City, Oklahoma 73104<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">405.225.9122 <o:p></o:p></span></p>
<p class="MsoNormal"><a href="mailto:gjohnson@osrhe.edu">gjohnson@osrhe.edu</a><span style="color:black">
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