Restructuring Administration

• Restructure operations across the University, including reducing administrative costs, centralizing certain functions and balancing authority, and implementing a new standard of financial reporting. These measures will improve outcomes through efficiencies. 

Rightsizing College and Division Budgets

• Rebalance resource allocation and reduce costs for each college and division to address the deficit across the institution. 

Modernizing Athletics

• Centralize administrative functions, identify efficiencies in operations, reset the budget starting from zero.
• Install hard caps on spending and implement revenue packages. 
• Review finances and operations with guidance from a global services firm. 

Ensuring UAGC Efficiency

• Work to ensure University of Arizona Global Campus (UAGC) is more efficient and effective post-integration, achieving a significant positive financial impact.
• Review finances and operations with guidance from a global services firm and identify appropriate next steps as we continue the acquisition process. 

Launching a New Budget Model

• Establish a new budget model and process by Jan. 1, 2025.

Reviewing Faculty and Staff Workload

• Review faculty and staff workload to ensure we are appropriately staffing our University and avoiding the hidden costs of an overstressed workforce.

Enhancing Revenues

• Reset how we make budget decisions and rightsize our operations.
• Tap into new revenue sources to ultimately restore our financial health.
• Continue the Tuition Guarantee Program for all current undergraduate students and those admitted for fall 2024, and eliminate the Tuition Guarantee Program beginning fall 2025 for new undergraduates.
• There are no changes to need-based or merit-based aid for fall 2024 admitted students or current students.
• Beginning in fall 2025, fully maintain need-based aid for Arizona resident students and recalibrate merit-based aid for undergraduate non-resident students.