FINANCIAL EXIGECNY

Effective: August 15, 2024

Purpose: To provide guidance for reductions in personnel due to financial exigency.

Scope: This policy applies to all University employees campus wide.

Responsible Office: President’s Office

Policy Statement: It is the responsibility of the President, in consultation with appropriate campus groups, to develop a plan for reductions in personnel as necessitated by conditions of financial exigency.

Definitions: All words and phrases shall be interpreted utilizing their plain meanings unless otherwise defined in another University or Board of Regents policy or by statute or regulation.

Financial Exigency - The formal recognition by the University that known reductions in budget or authorized number of positions have required the elimination of nontenured positions and operating expenditures to such a point that further reductions in these categories would seriously distort the academic programs of the institution; hence, further budget or position reductions would require the nonreappointment of tenured members of the faculty or the failure to meet the standards of notice for nonreappointment of faculty. It is not a requirement of financial exigency that all nontenured positions throughout the University be first eliminated.

Procedures: All procedures linked and related to the policies above shall have the full force and effect of policy if said procedures have first been properly approved by the University’s administrator in charge of General University procedures.

[President’s Office procedures - coming soon]

Related Policy Information: [coming soon]