To: NJIT Faculty and Staff
From: Robert A. Altenkirch
Date: Thursday, March 13, 2008
Subject: FY09 Budget Preparation
In order to prepare for the FY09 budget, there are some preemptive actions that need to be taken to protect funds that can be moved forward into FY09 in order to spread accommodation of the shortfall in State funding over more than one fiscal year. In particular:
- Operating fund balances as of January 31, 2008 of, by and large, non-academic units have been reduced 15%. If there is a critical expenditure that may need to be made and there are insufficient funds, a request must be made to the appropriate Vice President for consideration. Such requests should be kept to a minimum and should focus on only the most essential purchases. It is important to work within the balance available.
- Operating budgets (non-personnel) for, primarily, non-academic units will be reduced by 5% in FY09.
- Positions currently vacant, with the exception of faculty searches underway, will be held vacant through, at least, June 30, 2008.
The budget development process for FY09 is an ongoing process. We will keep you apprised over the next several months of internal efforts as well as those at the State level regarding development of the FY09 budget.