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Breaking: More Meetings From Dean Folt

The budget process continues to resemble a group hug, with everyone invited to join in and, I guess, buy in. Provost/Dean of the Faculty Carol Folt and Kim Majordomo Steven Kadish seem to believe that everyone will pull together to make major sacrifices for the good of the institution… This process will be an interesting study in human nature, or as President Kim puts it, in the ethnography of Dartmouth.

Let’s wait and see if the faculty and deans actually advocate making cuts in their own backyard, or whether these folks turn out to be nimby bambis. As a first observation, it looks like nothing will be done until the April Board of Trustees meeting. Personally, if I were running an institution losing a million dollars every week, I’d be in a little more of a hurry.

Today’s Kumbaya mailing:

November 18, 2009

Dear Members of the Dartmouth Community,

We are writing to follow-up on President Jim Yong Kim’s message http://www.dartmouth.edu/~president/announcements/2009-1107.html about Dartmouth’s financial situation and the process we will follow to identify $100 million in expense reductions or new revenues for fiscal years 2011 and 2012.

These numbers entail serious downsizing. With FY 2011 just seven months away, our planning efforts will be intensive and fast-paced, and will include all of Dartmouth - each division, department and school.

We invite you to join us as President Kim presents “Dartmouth’s Financials,” from 12-1:30 p.m., on Tuesday, December 1 at Alumni Hall. This presentation will be followed by a question-and-answer period. The event will be simulcast in Collis Common Ground; carried live on DarTV; webcast live on the Dartmouth home page http://www.dartmouth.edu; and posted afterwards to the budget website http://budget.dartmouth.edu/.

We will not do across-the-board cuts. Our goal is to make sure that Dartmouth continues to excel at accomplishing its mission and invest to achieve our vision for global leadership in higher education for decades to come.

President Kim has outlined a number of principles to guide our strategic-planning process:

- Be aspirational in planning for the next five years, and beyond;
- Place “everything on the table” while we explore all alternatives;
- Make strategic, rather than across-the-board cuts;
- Restructure now to enable rapid recovery of Dartmouth’s financial stability, and to minimize risk and reduce volatility;
- Adopt twin goals of cost savings and improved quality;
- Continue to invest in areas that position Dartmouth for the future;
- Solicit creative ideas and foster a spirit of innovation;
- Treat everyone with respect, and,
- Commit to open and constructive debate.

Our basic framework will be to use the Board meetings as key focal points for decision-making. We are thinking about the process through November 2010 in four phases:

Phase 1 — November 2009 to the February Board Meeting: Getting Started and Developing Preliminary Proposals.

Phase 2 - February to the April Board Meeting: Finalizing Proposals and Beginning Implementation.

Phase 3 — April to the September Board Meeting: Implement Major Savings Initiatives; Begin New Revenue Measures and Key Investments.

Phase 4 — September to the November 2010 Board Meeting: Assessment, Evaluation and Adjustment.

We know that this is a time of great uncertainty, given the need to restructure our operations. We will make every effort to communicate often in a variety of ways and to solicit your input and ideas. All input will be considered. We will continue to provide more specific information in the coming weeks and months.

We encourage you to submit questions and suggestions via Dartmouth’s budget website, at http://budget.dartmouth.edu/ask/index.html. We have already received more than 70 very useful suggestions in the past 10 days, since President Kim issued his letter to the campus community.

In accepting responsibility to oversee a rigorous planning process, we both pledge to consider the needs of all constituencies. We look forward to working with you on this challenging task.

Sincerely,

Carol Folt, Acting Provost/Dean of Faculty
Steven Kadish, Senior Vice President and Strategic Advisor

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