Friday, August 18, 2017

College of Letters and Science bets on philanthropy to meet budget targets - AUDREY MCNAMARA, Daily Cal

The College of Letters and Science is aiming to reduce its budget deficit to $383,000 for fiscal year 2018, a target that will require a $203,000 reduction in expenses and a doubling of gift revenue from $50 million to $100 million. With an unfamiliar flair of transparency, the campus released online the entirety of its annual budget early last week, publishing more than 40 documents detailing each division’s strategy to reduce the campus’s $110 million deficit — the majority of which reiterated Letters and Science’s increased revenue tactics. http://www.dailycal.org/2017/08/14/college-letters-science-bets-philanthropy-meet-budget-targets/