Dear Fellow Scots,
I write to offer an update on our process to develop a sustainable budget for Wooster, bringing our forecasted revenues into alignment with our expenses, and to add further specificity about the timeline and phases of work.
Our Process
As a reminder, the process I outlined in late September has four phases and will span our academic year:
These phases overlap and are moving ahead at different rates in different areas, as we anticipated, because there are some decisions that we will need to make as early as the end of the fall semester given the timelines for certain actions and activities, such as faculty searches.