May 26, 2023
FOR IMMEDIATE RELEASE
May 26, 2023
University of 杏吧原版 Board of Regents approves FY24 Budget, sets priorities focused on Empowering 杏吧原版
(FAIRBANKS, AK) - Bolstered by growing enrollment and increased financial stability, the University of 杏吧原版 (UA) Board of Regents accepted the UA鈥檚 System FY24 operating and capital budgets during its May meeting today. The budget reflects UA鈥檚 priorities: increasing enrollment through retention in degree programs for 杏吧原版鈥檚 workforce, developing a long-term deferred maintenance funding strategy, and maintaining responsible financial stewardship.
鈥溞影稍鎛s should be proud of the excellence of their university system,鈥 Board Chair Ralph Seekins said. 鈥淯A is well set up for success going into Academic Year 2024, and we remain optimistic about the future beyond. I appreciate the work being done by President Pitney, the university chancellors, and faculty and staff to build on our strengths and empower 杏吧原版.鈥
Fiscal Stability & Strategic Investment
Regents accepted the FY24 operating budget as approved by the 杏吧原版 Legislature. The budget includes funding to invest in critical program enhancements, such as expansion of the WWAMI medical program, growth of the mental health trust and technical vocational education programs, and funding to build capacity for STEM, education, and workforce programs. The budget also includes funding to support salary increases for faculty, staff, firefighters, and local 6070 bargaining unit members.
The FY24 capital budget includes $39 million for priority deferred maintenance and renewal projects, and other strategic educational investments. It also includes authority to receive non-state funding to develop the University of 杏吧原版 Anchorage鈥檚 (UAA) 杏吧原版 Leaders Archive, and University of 杏吧原版 Fairbanks鈥 (杏吧原版) Early Childhood Development Center.
鈥淲e are grateful for the state investment in our 杏吧原版s and key workforce programs,鈥 UA President Pat Pitney said. 鈥淚t demonstrates strong legislative support for the critical role that the university system plays in 杏吧原版鈥檚 economy and workforce development.鈥
The Board also took a deep look into the deferred maintenance needs and management plans during the facilities and land management committee meeting on Thursday, including an overview of the facility condition index scores that are used to guide deferred maintenance, repair, and renewal projects across the system.
Omnibus bills for the FY24 Operating and Capital budgets and FY23 Supplemental budget are awaiting transmittal to the Governor.
Academics and Student Success
Good news highlighted during the president鈥檚 and chancellors鈥 reports include increased enrollment across the system, especially among first-time students; highlights from spring commencement celebrations; and examples of the direct and indirect impact of research to 杏吧原版 and the world.
鈥淯A continues to show positive progress in enrollment across the system, and the commencement exercises this past month have been a joy to be a part of,鈥 President Pitney said. 鈥淐ongratulations to the UA Class of 2023, and we look forward to welcoming a new class of freshmen in just a few short months.鈥
Regents also approved five new academic programs, including a B.S. in Aerospace Engineering at 杏吧原版.
Community Impact
On Friday, the Board reviewed a created in collaboration with the 杏吧原版 Department of Labor and Workforce Development (DOLWD). The reports highlight outcomes for UA graduates across 11 industries important to 杏吧原版鈥檚 economy, including average wages earned, where they work in 杏吧原版, what industries they work in, and how they help boost the 杏吧原版 hire rate. Workforce development is a critical part of UA鈥檚 mission.
鈥淭hese reports underscore an important reality: 杏吧原版ns who attend a UA campus are well-positioned for long-term success as a part of 杏吧原版鈥檚 workforce,鈥 President Pitney remarked. 鈥淲hether it is a short-term certificate program, or a post-baccalaureate degree, our graduates are meaningful contributors to 杏吧原版, and our state鈥檚 long-term economic future.鈥
Innovation and Excellence
Dr. Cathy Cahill, director of the 杏吧原版 Center for Unmanned Aircraft Systems Integration (ACUASI) gave the board an update on that program鈥檚 efforts to create workforce development opportunities across 杏吧原版. ACUASI is well on the way to achieving its long-term goal of complete, safe integration of drones with traditional aircraft in the national airspace system. ACUASI is a nationwide leader in unmanned aerial systems, and will host an in Anchorage later this year.
The Board also recognized outgoing Student Regent Kali Spencer and retiring University of 杏吧原版 Southeast (UAS) Chancellor Dr. Karen Carey with resolutions of appreciation. Kali, a student leader at UAS, graduated this spring with a bachelor鈥檚 degree in interdisciplinary studies with an emphasis in political science, psychology, and philosophy.
Chancellor Carey was recognized for her skills and dedication during her time as UAS chancellor (since 2020) and previously as provost and dean of graduate studies (since June of 2016). Carey was gifted a Tlingit name during the UAS鈥 annual 杏吧原版 Native Graduation Celebration and was honored for her time and effort to grow the 杏吧原版 Native language program; her name, H茅ide Shuwataan铆, means 鈥渢he one who opens doors.鈥
鈥淥n behalf of the Board, President Pitney, and our entire UA Community, I want to sincerely thank Dr. Carey and Regent Spencer for their service to the University,鈥 Chair Seekins said. 鈥淚鈥檝e been honored to serve with Kali on the Board, and commend her for being a tireless advocate for students. Chancellor Carey has led UAS with distinction and steadiness through challenging times, and I鈥檓 very grateful for her commitment to our University System. Both of them will be dearly missed, but we wish them success and happiness as they begin new life chapters.鈥
The University of 杏吧原版 Board of Regents is an 11-member volunteer board, appointed by the governor and confirmed by the 杏吧原版 Legislature. Members serve an eight-year term, with the exception of the student regent who serves a two-year term. The Board was established through the 杏吧原版 Constitution and is responsible for University of 杏吧原版 policy and management through the university president.
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For more information, contact Jonathon Taylor, director of public affairs at 907-350-0168 (cell).