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To: All Employees From: Larry Ogawa, President University of State Date: February 14, 2009 Subject: Future Expenditure Guidelines After careful deliberation. I have determined it is necessary to

To: All Employees From: Larry Ogawa, President University of State Date: February 14, 2009 Subject: Future Expenditure Guidelines After careful deliberation. I have determined it is necessary to begin the initial steps of a financial stewardship program that carries UState through what appears to be a two-year cycle of a severe state shortfall in revenue and subsequent necessary legislative budget reductions Beginning February 9, 2009, the following actions are being implemented for the General Fund, Auxiliary Fund, and Capital Fund in order to address the projected reductions in our state aid for the remainder of this year 2008-09 and for next year 2009-10 1. Only purchases needed to operate the university should be made so that we can begin saving to reduce the impact of 2009-10 budget reductions 2. Requests for out of state travel will require approval from the Executive Committee to ensure that only necessary institutional travel occurs. 3. Purchases, including instate travel and budget transfers, will require the appropriate vice president's approval Please understand that we are taking these prudent steps to create savings that will allow UState to reduce the impact of projected cuts in expected 2009-10 legislative reductions. Thank you for your cooperation, and please direct any questions to my office.

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