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Minding the business of the U
From eNews, January 8, 2004
The University of Minnesota is placing the highest priority on fiscal resourcefulness, institutional efficiency, and quality student services to retain its academic excellence in these challenging economic times. The University's 2003 Annual Report details how the U has reshaped the way it operates and explains why it continues to be a valuable investment. "This has been a challenging year for the U," says University president Bob Bruininks. "We took one of the larger cuts in state appropriations--15 percent for the biennium--of any public university in the nation, but we are forging ahead, working to ensure excellence and vitality of the University for our students and for the people of Minnesota in a time of fiscal austerity." The annual report, which was presented to the Board of Regents in December and sent to key business and community leaders this month includes real stories of cost savings and productivity initiatives, as well as an independent auditor's report, financial statements, and a management's analysis. Click here to read the 2003 Annual Report.