Staff Senate April 11, 2011 Dr. James R. Ramsey University of Louisville

Thank you for the invitation! More importantly, Thank you for all you do! Some great things are happening here!

UofL has changed video

Some updates

Hitting the Road High School Outreach 2010 Lexington Catholic Bryan Station Henry Clay Central Kentucky Counselors Rowan County West Carter County East Kentucky Counselors Prestonsburg Pikeville Owensboro Senior High & Governor’s Scholars Luncheon Shawnee (twice) Central Manual Beechwood Holy Cross Elizabethtown Counselors/Governor’s Scholars John Hardin High School Northern Kentucky Counselors/Governor’s Scholars

Hitting the Road Alumni Outreach 2010/2011 Also … Northern Kentucky Club Tampa/St. Pete Club Denver Club New York City ClubSouthwest Florida Club Florida East Coast Club

And of Course Donor Activities and the Campaign $ 750,000,000 $415,802,511 Public Phase – Comprehensive Campaign – November 2010 Update on Campaign

So you can see, I’m not here much

The Mandate; What Drives Us Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. This Act may be cited as the "Kentucky Postsecondary Education Improvement Act of 1997.“ (2)The General Assembly declares on behalf of the people of the Commonwealth the following goals to be achieved by the year 2020: (c)A premier, nationally-recognized metropolitan research university at the University of Louisville;

Employment in State Drives State General Fund and Educational Funding

Translating the Economy Into Budget Reality State Mandated Budget Reductions FY through FY Cumulative Total Recurring FY 2002($3.0) ($33.0) Nonrecurring FY 2002($3.9) Recurring FY 2003($3.0) ($30.0) Recurring FY 2004($3.1) $0.0a.$0.0 ($6.2) Nonrecurring FY 2004($7.9) Nonrecurring FY 2008($5.1) Recurring FY 2009($10.0) ($40.0) Nonrecurring FY 2%($3.2) Recurring FY 2%($3.2)b.($3.2) ($9.6) Recurring FY 1.5%($2.4)c.($2.4)($4.8) Recurring FY 1%($2.0)d.($2.0) ($6.9)($6.0)($17.0)($9.1)($6.0) ($11.1)($19.2) ($21.6)($23.6)($145.6) Footnotes: a. The Recurring Reduction from FY was restored in FY b. The Nonrecurring for FY 2009 became recurring in FY c. The FY Recurring Reduction is on 1.5% of the FY Budget of the Commonwealth as enacted and signed into law and includes a cut to QCCT. d. Includes General Fund, QCCT and Debt Service Reductions.

1.Continuing re-engineering of processes and expense management 2.Aggressively improving balance sheet management, with an emphasis on converting underperforming assets 3.Increasing clinical income to support education and research 4.Increasing contract research and commercialization income 5.Creating private sector partnerships 6.Enhanced fund raising 7.Being creative in expanding the research mission through innovative financing tools like the tax increment financing plan But We Said “Budget Cuts Would Not Stop Us” Our Seven Strategies

UofL Hospital Payments $8 Million$11 Million UofL Foundation Support $35 Million$108 Million Technology Transfer Income (royalties, associated 1, reimbursed) $31,000$3,209,753 1 Associated income includes industry-sponsored research negotiated as part of licensing/marketing activity or from start-ups that are based on ULRF-owned IP. For Example…

And Most Importantly, We Have Made Progress During These Difficult Times

UofL campaign video

Thank you! Questions?