Financial Plan - Cornell University Division of Budget & Planning

Operating plan – Detailstive staff to support expanded programs, fundraising,and increased departmental responsibilities. Restrictedgifts are projected to grow 132 percent over the2007-08 forecast, predicated on receipt of the first ofsix $500,000 payments pledged by the Pillsbury Instituteof Hospitality Entrepreneurship. The Center forHospitality Research, the leading source for hospitalityindustry research, anticipates a 33 percent increase inprogram support. Included in the plan is a 20 percentincrease in the school’s non-payroll expenses due tostart-up of the Pillsbury Institute, expanded financialaid, a building energy audit and related improvements,and a utility sub-metering project.Human EcologyThe College of Human Ecology integrates fundamentalresearch, education, and outreach across multidisciplinaryunits to advance and improve the humancondition. The college’s specific areas of focus includeimproving nutrition and health, advancing design andtechnology, enriching human development, and shapingpolicies that secure economic and social well-beingfor individuals, families, and communities. The collegeis comprised of approximately 100 faculty, 1,250undergraduates (on and off campus), 225 graduatestudents, and 250 academic and nonacademic staff.Human Ecology’s financial plans reflect a commitmentto support faculty recruitment, development,and renewal; to build and maintain strong multidisciplinarydepartments; to strengthen the integration ofits three-fold mission by using its expertise in researchto define each department, and through that, shapethe education experience and the effectiveness of itsoutreach programs; to cultivate the highest qualityundergraduate population; and to advance graduateeducation across all fields.Human Ecology’s expenditure plan for 2008-09 totals$71.1 million. Sponsored research funding is expectedto decline slightly next year due in part to the declinein available federal NIH funding and new faculty whoare in the early stages of securing research funding.Human Ecology plans to continue an annual $1.8million set aside to help fund the college’s share offacilities costs associated with the new Human Ecologybuilding now under construction. This facility will replacethe former north wing of Martha Van RensselaerHall. Sitting atop a new, 252-car parking garage, thereplacement facility will include teaching and researchlaboratories, an exhibition gallery, design studios,faculty offices, and a commons area that will serve tounite the college buildings and academic community.Simultaneous with the new construction is the ongoingrenovation and mechanical upgrade of historicMartha Van Rensselaer Hall. The capital funding beingplanned for these two main projects, to be completedin the next seven years, is over $150 million.Once completed, the college’s physical campus willboth reflect and foster the innovative, multidisciplinaryapproach that distinguishes its research,academics, and outreach. New initiatives include theLaw, Psychology, and Human Development graduateconcentration—a collaboration with the Law Schooland the College of Arts and Sciences—and the university-widePopulation Program, administered throughthe Bronfenbrenner Life Course Center and involvingmore than 70 Cornell faculty.Industrial and Labor RelationsThe School of Industrial and Labor Relations (ILR)is focused on advancing the world of work, and its2008-09 budget will allow the school to replace andexpand its faculty, invest in its facilities, and deepenits external focus in the area of grants, public relations,and fundraising. ILR’s 2008-09 expense budgettotals $58.5 million, which represents a 2.2 percentincrease over the prior year’s budget.Undergraduate applications for fall 2008 were up 7.7percent, with anticipated undergraduate enrollmentfor 2008-09 at 852 undergraduate students (studyingboth on and off campus). The school is augmenting avery successful transfer student program with 124 newtransfer students matriculating each year. ILR remainsthe nation’s only institution offering a four-year undergraduateprogram in the field. The budget is basedon 89 MILR students, 23 more than enrolled previously,and 50 MS/PhD students.ILR has 48 full-time faculty who specialize in humanresource management, labor economics, collectivebargaining, labor law and history, and social statistics.ILR’s Extension Division includes 46 extension associateswho work with corporations, unions, governments,and non-profit agencies to improve managementpractices, labor relations, and alternative disputeresolution mechanisms.37