As we face lower than projected revenue for year-end, all areas of the University are being asked to limit expenditures to only critical and essential expenses through the end of the current fiscal year (ends June 30). If an expense is deemed critical, approval should be obtained from the President’s Council representative for your unit or division, who will consult with me before approving any expenditure.

It will take the effort of all academic and administrative units in the Drake community to close this year with a balanced budget—a commitment we all must share. Being good stewards of the University’s resources ensures we are using the dollars entrusted to us by our students, their families, and donors to the benefit of the Drake living and learning experience, and allows us to maintain trust and confidence from the board.

Please reach out to me if you have any questions or concerns.

—Teresa Krejci, Chief Financial Officer