[Cobo] FW: Update on FY16 Budget (current year)

[Mauck, Sheri]

Please see this important communication that went to your President this afternoon.

From: Johnson, Dr. Glen
Sent: Tuesday, December 22, 2015 3:48 PM
To: Presidents
Cc:
Subject: Update on FY16 Budget (current year)

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION


Memo


To:                  Presidents
Cc:                  State Regents
From:             Chancellor Glen D. Johnson
Date:               Tuesday, December 22, 2015
Subject:          Update on FY16 Budget (current year)


In an effort to keep you updated regarding the FY16 revenue failure, estimates provided today by Jill Geiger, Budget Director of the Office of Management and Enterprise Services (OMES), indicate that FY16 current year General Revenue allocations will be reduced by approximately 3% annualized.

Jill Geiger indicates that this would equate to a 6% reduction in the monthly allocations received from general revenue for the remaining six months of FY16 (January through June).  It is expected that Secretary Doerflinger will make a formal statement on the exact percentages and reduction amounts in the next couple of days.

Once the final reductions are announced by Secretary Doerflinger, you will receive an estimated calculation from Vice Chancellor Amanda Paliotta on the amount your institution will be impacted.

Please let me know if you have any questions.

Thanks.

Glen

Glen D. Johnson
Chancellor
Oklahoma State Regents for Higher Education
655 Research Parkway, Suite 200
Oklahoma City, Oklahoma 73104
405.225.9122
gjohnson at osrhe.edu<mailto:gjohnson at osrhe.edu>

[OK_RegentHigh_transparent][oklahoma-works-logo-vertical-cmyk]


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