Dear faculty and staff,
It is with much gratitude that I report that Phase 1 of our strategic realignment of resources work is now complete. Since we announced this initiative in November, we have come together as a community to accomplish a very challenging but essential task: to balance our budget heading into fiscal year 2023-2024 and, in the process, put ourselves on more solid financial ground and on a path to a more strategic future. You have done that, and I thank you sincerely.
A quick recap of our situation and the process
Where we landed
Staying engagedAs we transition out of Phase 1, I want to assure you that we will maintain our commitment to community engagement and transparency. Our website remains a great resource to stay up to date on this initiative, and I encourage you to attend our April 11 information session.
Looking even further ahead, I also want to briefly touch on Phase 2 of our strategic realignment of resources work. This phase, which will run through June 2024, is a very important component of our work as we shift our focus to include both cuts as well as larger-scale, innovative, cross-cutting ideas that will set CU Denver up for greater strategic and operational success. We want to make sure we approach Phase 2 thoroughly and thoughtfully. Details on what that process will look like are still being finalized, and we will communicate those as soon as possible.
Together, we have leaned into tough times to work through our immediate challenges and arrive at a comprehensive solution for Phase 1 of this important work. Now, as we work to implement these proposals and simultaneously look ahead to Phase II, we have the advantage of more time, and we have the advantage of experience. We have learned how to best collaborate and engage the entire community around this work to ensure CU Denver’s success, all while letting our guiding principles lead us. I am confident that those lessons, and our shared commitment, will see us through.