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February 26, 2002

The financial picture for Purdue University Calumet for the rest of 2001-2002 and for 2002-2003 remains uncertain. If the General Assembly acts on HB 1004 during this session, we may have more clarity. HB 1004 left the House combining tax restructuring and budget deficit reduction. It was amended in the Senate to address tax restructuring only. Should it pass the Senate this week, it will go to Conference Committee. Some budget reduction elements could be included in the final bill. We will probably not know the result of legislative action until very near adjournment on March 14.

Purdue Calumet has prepared for the least favorable outcome by setting aside $1.25 million in cash reserves this year. We will set aside another $1.25 million in 2002-2003. If the state holds back its final payment this year, that would use about $2.2 million of our set aside. We have already lost technology and repair and renovation funds, and expect that we will not receive them in 2002-2003. We will only be able to address the most pressing priorities in these areas this year and next.

Beyond the impact on the current biennial budget, the campus must begin planning for a possible budget reduction in the 2003-2005 biennium. If we begin planning now, we will have about 16 months to prepare. I have asked Senior Leadership to identify $2.5 million from the base budget that could be used either for reallocation to the strategic plan or for budget reductions, should we need to face that prospect. Their recommendations are due to me in June 2002; we will have campus-wide discussions of these proposals in Fall 2002.

In late March, after the General Assembly has adjourned, we will hold a campus Town Hall meeting to discuss our financial situation and budget planning in greater detail.

Warmest regards,

Howard Cohen

PURDUE UNIVERSITY CALUMET | 2200 169th Street Hammond, IN 46323-2094
Phone: 219/989-2400 or 800/HI-PURDUE x.2400 Locally within Indiana & Illinois

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