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Finance committee to consider raising reinvestment targets above $5 million per year
Summary
The Finance and Resource Management Committee listed a proposal to increase annual reinvestment targets (noted as an increase from $5 million/year) along with reviews of faculty compensation, graduate assistant stipends, and university budgets for the June agenda.
The Finance and Resource Management Committee’s proposed June agenda includes raising reinvestment targets above the current baseline listed as $5 million per year, reviewing faculty compensation and graduate assistant stipends, and presenting the university and HRCC budgets. The April 14 meeting minutes list the reinvestment figure as a specific numeric reference for discussion in June.
No detailed budget figures, funding sources, or timeline were provided in the minutes; the expanded briefing reports staff described are expected to present those specifics ahead of the June meetings. The agenda also proposes that FRM and ARSA revisit the VT-ARC/NSI strategy together.
