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Q&A
Clarification on CUNY's stance regarding one-time funding for personal services
1:21:00
·
69 sec
Council Member Eric Dinowitz seeks clarification on CUNY's position regarding the use of one-time funding for personal services. CFO Sherif Soliman explains CUNY's policy and communication with colleges on this matter.
- CUNY strongly advises against using one-time funds for recurring personal services expenses
- The policy aims to prevent exacerbating structural deficits in college budgets
- CUNY communicates this guideline regularly to all colleges, emphasizing the importance of responsible financial management
Eric Dinowitz
1:21:00
Right.
1:21:00
And and just going back to that 15,000,000 one time funding, I I think you would use the phrase, we we hope colleges don't use it for personal services.
1:21:11
Did I did I get did I get that right?
1:21:16
just asking, know, why is it hoping?
1:21:19
What instructions can you give to make sure that we want to hire more faculty, we want to make sure that they are paid a decent living wage for educating our students, but also schools shouldn't be using one time funding to do it.
1:21:37
Is that a recommendation or is that a mandate from Central?
1:22:00
is a recommendation through regular communications with our campuses about the nature of the funding.
1:22:07
Okay.
1:22:08
Thank you.
Sherif Soliman
1:21:13
Yeah.
1:21:14
So whenever Sorry.
1:21:16
But I'm
1:21:41
So if I said hope, scratch that from the record.
1:21:44
Let's be more resolute.
1:21:46
We constantly communicate with our colleges that one time funds, we always throw up the caution flag, one time funds should not be used for recurring PS expenses because we don't want to exacerbate the structural deficit.
1:21:59
So, that