On June 23-24, the University of Colorado Board of Trustees voted on several issues, some of which directly impact CU Denver. Regent’s actions included approving the next fiscal year’s budget, electing a new president and vice-chairman of the board, approving tenure awards for faculty, and approving a new degree program that supports the university’s strategic goals for 2030.
FY 2022-23 budget approved
CU Denver’s 2022-2023 budget is $348.9 million, divided into three funds: the Education and General Budget (67.3%), the Auxiliary Budget (15.4%), and the limited budget (17.2%).
The education and general budget, which comes largely from tuition, fees, and state funding, accounts for $234.9 million ($51 million in direct state funding) and accounts for an increase of $12.8 million over the previous year, in part due to higher graduate student enrollment. State funding for the entire CU system has increased by $26.6 million, a 10.4% increase in the total system budget, for the coming year.
Highlights of the operating budget presentation include:
- Undergraduate enrollment is expected to decline by 2.7%, but graduate enrollment is expected to increase by 1.7% due to enrollment growth since fall 2020.
- The budget takes into account investments in financial aid, strategic plan initiatives and compensation, including a 3% merit pool for faculty and staff approved by the board in April.
- The budget includes mandatory cost increases, including the City of Denver’s minimum wage increase and increases for the Auraria Higher Education Center (AHEC).
New Appointment of Chairman and Vice-Chairman of the Board
The board selected Regent Lesley Smith as the new chair and Regent Ken Montera as the next vice-chair of the board.
The faculty obtained tenure
On the recommendation of Chancellor Michelle Marks, with the support of Provost Constancio Nakuma, nine faculty have been tenured effective June 24, 2022. Tenure is awarded to faculty members who have demonstrated outstanding performance in the areas of teaching, academic/creative work, and leadership and service. According to the American Association of University Professors, a permanent appointment provides indefinite job security at an institution, except for just cause or in extraordinary circumstances such as financial exigency and program interruption. The following teachers received awards.
- Moatassem Abdallah, Assistant Professor, Civil Engineering, College of Design, Engineering and Computer Science
- Ryan Brown, Assistant Professor, Economics, College of Liberal Arts and Sciences
- Zixia Cao, assistant professor, marketing, business school
- Annika Mosier, Assistant Professor, Integrative Biology, College of Liberal Arts and Sciences
- John Ronquillo, Assistant Professor, Public and Nonprofit Management, School of Public Affairs
- Jonathan Shaffer, Assistant Professor, Clinical Health Psychology, College of Liberal Arts and Sciences
- Lucinda Soltero-Gonzalez, Assistant Professor, Literacy, School of Education and Human Development
- Erik Sommerfeld, Assistant Professor, Architecture, College of Architecture and Urban Planning
- Kai Yu, Assistant Professor, Mechanical Engineering, Faculty of Engineering, Design and Computer Science
- Ester de Jong, Professor, ESOL/Bilingual Education, School of Education and Human Development
- Rashmi Gangamma, Associate Professor, Department of Marriage and Family Therapy, School of Education and Human Development
- Marvin Lynn, Dean, School of Education and Human Development
CU Denver will offer a new master’s degree in entrepreneurship
The Regents approved a new Master of Science in Entrepreneurship program offered by the Business School and the Jake Jabs Center for Entrepreneurship beginning in the 2023-24 academic year. According to the proposal, Colorado, specifically Denver, is one of the fastest growing entrepreneurial ecosystems in the nation and no university in the state currently offers this type of graduate degree.
The 30-hour degree will be stackable, interdisciplinary and experiential, catering to students who need flexibility. The curriculum will also offer a variety of honors certificates, which will be offered by several CU Denver schools and colleges.
The program’s 14 core and elective entrepreneurship courses are already offered and taught by Jake Jabs Center faculty, which means there will be minimal start-up costs. The program promises to emphasize partnerships with some of Colorado’s top entrepreneurs, the proposal states, which supports CU Denver’s strategic goals for 2030.