Last updated: May 2024
OR/FS Process
When will CSU leadership begin implementing cost-saving measures?
Cost-saving measures will address both immediate and long-term fiscal needs and could be implemented immediately to impact the current fiscal year.
Will academic programs, student services, athletic programs or other university departments be reduced or eliminated as cost-saving measures?
The OR/FS process includes the evaluation of cost-saving measures across all areas of the University. At this time, no specific decisions have been made regarding the reduction or elimination of programs, services or departments at CSU.
Will cost-saving measures impact the experience for CSU students?
This work is guided by a set of principles that prioritize the wellbeing of our students. It is a top priority to ensure that cost-saving recommendations will have minimal negative impact on the student experience at CSU.
Faculty and Staff at CSU
Is CSU considering changes to employment, compensation or benefits?
The OR/FS process includes the evaluation of all areas of the University, including human resources (such as employment, compensation and benefits). At this time, no decisions have yet been made that would impact current CSU employees.
Will CSU offer an early retirement incentive program?
Starting May 6, CSU will begin accepting applications from eligible faculty and staff for a Voluntary Separation Incentive Program (VSIP). More details about the process and eligibility requirements can be found on the VSIP 2024 SharePoint site.
OR/FS Phase II
What is Phase II?
Following completion of the planning group’s work in early fall 2023, President Bloomberg and senior leaders retained the consulting firm EY-Parthenon for their assistance in gathering and analyzing data to guide cost-containment and revenue-generation decisions. A steering committee will meet regularly with representatives from EY-Parthenon to coordinate their engagement with the campus community.
Phase II’s strategic assessment is structured around two workstreams that will be implemented simultaneously:
- Workstream 1: Identify, prioritize, and implement near-term actions that will address the operational deficit and ongoing budget challenges
- Workstream 2: Identify strategic priorities that allow CSU to plan for a financially viable and academically thriving future
Who are members of the Steering Committee?
The Steering Committee includes members of both the CSU Board of Trustees and the Senior Leadership Team. A full list of the group’s members can be found on this webpage.
What is the timeline for completion of this work?
The Steering Committee plans to conclude their work in spring 2024 to present to the CSU Board of Trustees before the end of the 2023-24 academic year.
OR/FS Phase I
Is Phase I of the OR/FS process complete?
In September 2023, the planning group completed their charge and presented a report to President Bloomberg with recommendations for high-level cost-saving and revenue-generating strategies for the near-, mid- and long-term. President Bloomberg shared a high-level overview of these recommendations during the State of the University address in October 2023.
What was the Organizational Resilience/Financial Stability planning group?
The Organizational Resilience/Financial Stability (OR/FS) planning group was a cross-functional team of faculty and staff members at CSU. The senior leadership team selected members of the CSU faculty and staff who would represent a wide range of the university community and are knowledgeable in many areas of CSU’s key operations. A full list of the group’s members can be found on this webpage.
What was the planning group’s charge?
This group was asked to develop recommendations for how the University can increase revenue and reduce expenses in today’s changing landscape for higher education. Their charge was to develop recommendations for high-level cost-saving and revenue-generating strategies for the near-, mid- and long-term.