College of Science and Engineering at the University of Minnesota
College of Science and Engineering

RRC notes -- 10/17/12

RRC 2012-10-17.doc

RRC Meeting Summary -October 17, 2012

Fiscal Cliff:  Fitz gave a presentation that he also did for the Board of Regents on the so-called "fiscal cliff," which refers to a substantial reduction in federal funding that is scheduled to go into effect after the first of the year.  Several federal student programs and research funding will be reduced dramatically unless Congress and the President pass a law to stop or change the scheduled spending cuts.  A link to Fitz's presentation is at this link (search for Fiscal Cliff):

Fee Management System:  The new fee management system will be implemented in calendar year 2013.  By January, it should be fully developed with implementation in time for FY14 fees to all go through the new system.  You will be hearing more about this as roll out approaches.