As reported in CU Connections, the University of Colorado is taking steps to accelerate efforts around its systemwide 2021-2026 Strategic Plan as well as campus strategic plans. With the use of one-time funds to help accelerate strategic initiatives, CU is launching action steps to deliver on the pillars of these strategic plans. Read the full announcement on CU Connections.
CU, like many organizations this fiscal year, has reported a historic return on investments. Over the next few years, CU will leverage one-time funds to support strategic initiatives at all four campuses. The CU Regents have approved $16.2 million for UCCS in fiscal year 2022–23 so far.
At UCCS, these one-time funds will be used to invest in students and facilities, with a particular focus on increasing student financial aid to make education more affordable; investing in research; funding campus sustainability and deferred maintenance needs; and helping to fund the engineering building renovation, among other initiatives. Each of these initiatives are priorities laid out in the UCCS 2030 Strategic Plan.
“This is positive news for the CU System and for UCCS,” said Chancellor Venkat Reddy. “Our ability to provide more financial aid opportunities for our students makes UCCS more affordable and accessible. The one-time nature of these funds allows UCCS to address critical strategic needs, however these monies cannot be used for base funded areas such as pay raises and wages. We look forward to partnering with our colleges and shared governance bodies as we continue to chart the next decade of success for UCCS.”