FAIRBANKS, Alaska In a vote of 10 to 1 the University of Alaska Board of Regents voted to delay declaring financial exigency until July 30.
The University of Alaska Board of Regents held a special meeting today to discuss a possible declaration of financial exigency due to the reductions proposed in the state budget. A motion was proposed during the meeting to delay the decision in the hopes that the legislature might be able to adjust the amount allotted for the university’s state-funded operating budget before the July 31st deadline.
Regent Mary Hughes was the sole no vote for delaying the declaration.
This meeting followed a press release from UA public affairs last week discussing the next steps for the university given the proposed cuts in the budget.
Per the press release in addition to the declaration of financial exigency, the Board of Regents will discuss three organizational restructuring options for moving forward:
• Create a leaner UA by assigning each university a prorated share of
the budget reduction
• Eliminate one or more universities and/or community campuses
• Consolidate the university within a single accreditation with shared
courses and services
UA President Jim Johnsen said all three approaches will require close cooperation with the Northwest Commission for Colleges and Universities (NWCCU), the group that provides UA with institutional accreditation. Maintaining accreditation for UA programs is of paramount importance, and UA leadership will continue regular conversations with NWCCU.
At the time of publish the meeting is still on going and we will update this story with more information as soon as it becomes available.