Monday, May 29, 2017

Stanford takes a cautious approach in its 2017-18 Budget Plan - Kathleen J. Sullivan, Stanford

While its underlying financial condition remains strong, Stanford is taking a cautious approach to budgeting for the 2017-18 fiscal year, largely due to uncertainties in federal research funding and slow growth in endowment payout, Tim Warner, vice provost for budget and auxiliaries management, told the Faculty Senate on Thursday. Speaking at the May 11 meeting, Warner said Stanford will make selective investments in key programs next year. But the university is also setting aside $20 million in general funds as a hedge against potential funding shortfalls and to give Stanford the capacity to respond to long-range planning initiatives.

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