FINANCE SERVICE CENTERS Recommended Models and Modifications September 2009

2 Why Cluster? Enhances ability to provide strategic financial services and planning (The best people are available to all units.) Provides continuity and seamless backup for team members’ vacations and other absences Delivers real time support and service Leverages efficiencies and economies of scale Mitigates legal and financial risks Assures consistent application of financial policies and delivery of business services

3 President’s Office: Current Structure Total Employees: 5.0

4 Provost’s Office: Current Structure Total Employees: 21

5 EVP Office: New Reporting Departments

6 Proposed New Structure Options Other options: 1.Centralize all Provostial financial functions in one unit under the Provost’s jurisdiction. 2. Centralize Presidential units under the President’s Chief of Staff 3. Place Information Technology and Public Safety under the jurisdiction of the EVP’s Chief of Staff. University Budget Office

7 Efficiency Projection Models Current 20% Savings 35% Savings 50% Savings Staff Salaries & Fringe Benefits $3,281,488$656,298$1,148,521$1,640,744