Campus Community FACULTY SENATE Faculty Senate 2014/15 Budget - PowerPoint PPT Presentation

Campus Community FACULTY SENATE

Faculty Senate 2014/15 Budget Proposal Mary Hallock Morris, Chair

2013-2014 Budget Request: Impacts  Across the Board Salary Increases  We requested cost of living raises  We received a 2% salary pool for merit raises, or approximately $1.34 million for raises.  Equity Adjustment Pool to Ease Salary Compression and Inversion  A percentage of last year’s salary pool was used to work on this issue  In Progress: Business Office is evaluating consultant proposals for a gender equity study.

2013-2014 Budget Request: Impact  Increase in Full-time Faculty Lines  No new tenure-track lines  # of one-year positions  Increase in the Travel Budget with Faculty Option to Bank Funds  No change

2013-2014 Budget Request: Impact  Endorsed: Increase in Base Library Acquisitions Fund  Rice Library asked for $90,431 in continuing funds  The library received $50,000 in recurring funds (added to base budget)  Funds used to purchase monographs in several key subject areas

2014-2015 Budget Priorities 1. Salary  A merit raise pool of 3 percent  Equity adjustment pool to ease salary compression and inversion 2. Travel Funding Increase in per diem and mileage rates  Increase in funding levels for travel  Faculty option to bank travel funds 

2014-2015 Budget Priorities 3. Increase in Full-Time Faculty  We endorse the requests for faculty lines that have been submitted by the Romain College of Business, the College of Liberal Arts, the College of Nursing and Health Professions, and the Pott College of Science, Engineering and Education in 2013-2014 and in the current academic year. 4. Endorse an Increase in the Rice Library’s Base Materials Fund  We endorse the Rice Library’s request for an increase to its base materials budget.

Priority #1: 3% Salary Pool for Faculty Merit Raises Benefit to USI: To retain faculty, to increase faculty motivation for involvement and enhance job satisfaction. Strategic Plan Goal Application: Preserve and nurture our campus and community.

Priority #2: Increase in Travel Funding, Per Diem & Mileage Rates Benefit to USI: To recruit and retain faculty, to support faculty’s research efforts, to increase faculty motivation and enhance job satisfaction. Strategic Plan Goal Application: Preserve and nurture our campus and community

Priority 3: Increase in Full-Time Faculty* Benefit to USI: To support faculty by allowing for research-release time, to allow faculty the time to work one-on- one with students, and to continue to recruit highly qualified faculty. Strategic Plan Goal Application: Increase the graduation rate & preserve and nurture our campus and community. *Additional supporting materials to come

Priority 4: Increase in the Rice Library’s Base Materials Fund Benefit to USI: To recruit and retain faculty members by providing support for their research, to improve the availability of educational materials available to students, and to enhance job satisfaction. Strategic Plan Goal Application: Increase the Graduation Rate; & preserve and nurture our campus and community.

On behalf of the Faculty Senate and the USI Faculty, we thank you for your time and consideration. Mary Hallock Morris, Julie Evey, Peter Cashel-Cordo, Jason Fertig, Jennifer Williams, Daria Sevastianova, Kristalyn Shefveland, Garret Merriam, Frank Ward, Ethel Elkins, Marilyn Ostendorf, Rex Strange, Tony Maria and Brandon Field