New policy on departmental savings (reserve transfer) at fiscal year end.
Effective immediately, departments that have an average reserve balance in excess
of 100% of their unrestricted non-compensation budgets during a given fiscal year
will not be allowed to add to their reserves via the year-end savings calculation in
that same year.
Exceptions to this policy:
 When the source of the unrestricted funding of the department is an
endowment or gift fund specifically designated for that department’s
operating support, reserve additions will be allowed.
 To the extent that savings are the result of unbudgeted reduction of
operating expense through charging to a grant or contract, reserve additions
will be allowed.
This policy change is being implemented:
 to encourage departments to de-emphasize reserve building and increase
emphasis on more effectively using their existing resources on academic
priorities, and
 to allow the Dean greater opportunity to acquire the resources needed to
fund new strategic initiatives.