1. 1 Meeting the Fiscal Challenge The Achievements of the University of Alberta in Cost Containment and Revenue Enhancement

2. 2 Funding Solutions Task Force (FSTF) December 2002, EPC announced 4.4% and 6% reductions to Faculties and administrative units over 4 years. This will reduce expenditures by $14.3 million by year 4. FSTF to engage community in identifying additional cost containment strategies and revenue enhancement opportunities: - Cost Containment$3.4 million by 05/06 - Revenue Enhancement$21 Million by 05/06

3. 3 FSTF Achievements Engaged campus community by Developing a new Stakeholder committee: –academic and non-academic staff Associations –graduate and undergrad student Associations. Developing 14 expert panels/working groups; membership included: administration, faculty, staff, external experts Attending meetings across campus to gain additional suggestions.

4. 4 FSTF Achievements 225 suggestions (excluding duplicates) from the campus community: faculty, staff, students, Portfolios. Resulted in 86 recommendations –21 recommendations later deemed not viable at this time. –60 recommendations already implemented and returning savings/revenue to the University.

5. 5 FSTF Achievements To date FSTF recommendations have reaped $10.3 M. Achievements are on track with original FSTF targets. However, the ability of central administration to capture savings and revenue is falling short of expectations, but is still being captured by the University as a whole.

6. 6 FSTF Achievements Target: $24.4

7. 7 FSTF Achievements 0% 60% 100% Target 100% Target 100% Target University's Commitment External Community Engagement Campus Community Engagement Best Practice 100% Target 100%

8. 8 FSTF Lessons Learned Working Group was appropriate size and membership to achieve FSTF goals. Weekly meetings of Working Group ensured consistency and focus. Opportunities presented by the FSTF were appropriate for the University community to give due consideration.

9. 9 FSTF Lessons Learned FSTF process allowed the University some budget flexibility. Would have looked at external models earlier in the process. True cost of FSTF process unknown as members of FSTF and expert panels added FSTF-related work onto regular duties.