[Academic] Fwd: Message from the Dean regarding finances

[Paul McKenna]

Colleagues,

Please see the message below from the Dean with an update on the Faculty’s financial position and note the resulting actions implemented.

I’ll give an update on this at the next DC.

Regards,
Paul

----------------------------
Prof. Paul McKenna
Department of Physics,
University of Strathclyde,
Glasgow G4 0NG
U.K.
Paul.mckenna at strath.ac.uk<mailto:Paul.mckenna at strath.ac.uk>
+44(0)141 548 5712

Begin forwarded message:

From: Iain Stewart <i.w.stewart at strath.ac.uk<mailto:i.w.stewart at strath.ac.uk>>
Date: 14 February 2019 at 22:48:40 GMT
To: Robin Plevin <r.plevin at strath.ac.uk<mailto:r.plevin at strath.ac.uk>>, Neil Ghani <neil.ghani at strath.ac.uk<mailto:neil.ghani at strath.ac.uk>>, Paul McKenna <paul.mckenna at strath.ac.uk<mailto:paul.mckenna at strath.ac.uk>>, Tony Mulholland <anthony.mulholland at strath.ac.uk<mailto:anthony.mulholland at strath.ac.uk>>, Duncan Graham <duncan.graham at strath.ac.uk<mailto:duncan.graham at strath.ac.uk>>
Subject: Note from HoD meeting on Wed 13 Feb

Dear HoDs,

I’d appreciate it if you could pass on an update to your Departments on the Q2 Financial Report.

As the Principal remarked at the Leadership Group on Monday, there has been a dip in the University’s financial position at Q2 relative to the planned budget. The Deans and Faculty Business Partners met collectively with the Principal and Vice Principal last week and, after consultation with the Science Faculty Executive Team, some short-term immediate actions have been taken to address Science’s shortfall to the Q2 budget (presently around £1.3M). The positive side of these actions is that they ensure that planned investment in CFs and GTAP Readers/Chairs will still go ahead, as I mentioned at the HoDs meeting yesterday.

The key actions, in addition to Departments exercising cost controls as best as possible, are:
(i)                  Until further notice, no replacements for core funded staff who leave/resign and no new core funded positions to be approved, other than CFs and GTAPs (note: SDS externally funded GA positions are obviously OK);
(ii)                A uniform reduction in Dept Running costs of 10%, applied to all Departments.
As I mentioned yesterday, replacement of staff can still be considered when accompanied by a strong business case – each case can be judged on its own particular merits.  The above measures will be revised as the session progresses.
Best wishes,
Iain.