<div dir="ltr"><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%">SENT ON BEHALF OF JOSEE LAROCHELLE, VICE PRESIDENT FOR ADMINISTRATION AND FINANCE</p><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif" style="">Campus Community,</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">I am writing to put into context recent
developments in federal spending, SUNY's state budget request and what they
mean for the college.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif"><b><br>
Federal Stimulus to Assist<br>
</b>The recently passed federal stimulus
provides $23 billion for higher education, with funding broken into categories
similar to the CARES Act: direct grants to students and institutional support
for the college. </font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">From this, SUNY Plattsburgh will be receiving
$8.7 million. This will be divided between $2.6 million grants given to
students and $5.7 million can be used for institutional costs. Under the
legislation, these can include lost revenue, technology associated with
distance education, faculty and staff training, payroll, and student support
activities related to COVID-19. </font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">The infusion of this key federal funding is
much welcomed and will help SUNY Plattsburgh through this difficult year.<br>
<br>
<b>Level State Budget Request</b><br>
The SUNY Board of Trustees proposed budget included a request for level state
funding, authority for the board to set tuition, and $10 million in COVID-19
funding. </font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">The impact to SUNY Plattsburgh of this
proposed budget is that our state funding will not change. Keep in mind
that this is only the first step in the state budget process. The next step is
for the governor to release his proposed budget mid- to late-January.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif"><br>
<b>Limits on State Funding</b><br>
As you might recall from my September 2020 budget forum, we received only 85
percent of our New York State funding for the last fiscal year, 2019-2020 and
had not yet received any state funding for the current fiscal year,
2020-2021. Accordingly, the College was proceeding with the following
assumptions;</font></p>
<p class="MsoNormal" style="margin:0in 0in 0.0001pt 38.3pt;line-height:106%"><font face="arial, sans-serif">·
We will receive 70 percent of the current fiscal year state funding.</font></p>
<p class="MsoNormal" style="margin:0in 0in 0.0001pt 38.3pt;line-height:106%"><font face="arial, sans-serif">·
We will not receive the remaining 15 percent of last fiscal year's state
funding.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt 38.3pt;line-height:106%"><font face="arial, sans-serif">·
We were projecting a $1.3 million surplus at the end of this fiscal year.
That's down from nearly $8.4 million at the beginning of fiscal year 2019-2020.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">Additionally, the state is only providing 80
percent of all Tuition Assistance Program and Excelsior Scholarship
funding. And there is no additional guidance from SUNY or the state
on when funding will be provided or how much will ultimately be allocated
for higher education.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif"><b>Strategic College Budget Development Ahead</b><br>
As we enter the second half of 2020-2021 and embark on budget development for
2021-2022, this all means we have few specific answers but know we must work
together to prepare well for our financial future.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">Campus leadership is discussing how to align
our emerging strategic planning efforts and our budget development
processes. As discussions continue and deeper examination of the state’s
financial position provides more insights, we will share more updates. </font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">At this point, it is clear state reductions
will persist and the reductions will apply to all state funding including
higher education scholarships such as TAP and Excelsior.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif">While this update does not provide great
detail, it is important that we all understand the impacts of both federal
funding and the state’s funding as they develop.</font></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:106%"><font face="arial, sans-serif" style="">Stay tuned for more updates later this month.</font></p><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><font face="arial, sans-serif"><b>ADMINISTRATION AND FINANCE</b></font></div><div>901 Kehoe Building<br></div><p style="font-size:12.8px;margin:0px;line-height:normal;font-family:Arial"><span style="color:rgb(0,0,0)"><font size="2">101 Broad Street</font></span></p><p style="font-size:12.8px;margin:0px;line-height:normal;font-family:Arial"><span style="color:rgb(0,0,0)"><font size="2">Plattsburgh, NY 12901</font></span></p><p style="font-size:12.8px;color:rgb(0,0,0);margin:0px;line-height:normal;font-family:Arial"><font size="2">(o) 518-564-2130</font></p><p style="font-size:12.8px;color:rgb(0,0,0);margin:0px;line-height:normal;font-family:Arial"><b style="font-size:12.8px"><font size="2"><a href="http://plattsburgh.edu" target="_blank">plattsburgh.edu</a></font></b><br></p><p style="font-size:12.8px;color:rgb(0,0,0);margin:0px;line-height:normal;font-family:Arial"><br><img src="https://web.plattsburgh.edu/files/914/images/SUNY-Plattsburgh-Email-Logo-2018.jpg" width="200" height="40" style="font-weight:700"></p></div></div></div></div></div></div>