Plans for how funding will be strategically directed to key University of Missouri System priorities will be announced at the four campuses on Sept. 5.
The system has also contracted PwC, an accounting firm, for $428,000 to look at the UM System administration in an effort to identify areas where cost-saving consolidations can be made.
An effort was launched July 21 throughout the UM System to identify areas where money could be saved, and now campus leaders will present implementation plans on how to address key priorities, UM System President Mun Choi wrote in an email Thursday.
Choi’s email mentioned several of these priorities. Below are some examples where actions have already been taken.
Faculty and staff compensation: This was a major topic of discussion at a July curators retreat where campus and system leaders agreed it is vital for the future of the system.
Undergraduate scholarships: MU announced the Missouri Land Grant Compact on Thursday, which will provide full scholarships for thousands of students. Pelema Morrice, vice provost for enrollment management, said there are more planned enrollment initiatives like it that have yet to be announced.
Research facilities and experiential learning: The No. 1 planned project at MU is the Translational Precision Medicine Complex. In late July, the UM system submitted its capital appropriations request to the state, and MU asked for $150 million to build the facility where students would work on research and patient care.