Professor makes case against cuts at UNI

2010-09-20T14:00:00Z Professor makes case against cuts at UNIBy JOHN MOLSEED, Waterloo Cedar Falls Courier

CEDAR FALLS, Iowa --- A labor and university finance expert who visited the University of Northern Iowa last week said last year's salary cuts and staff furloughs weren't necessary.

"This university is in strong financial condition," said Howard Bunsis, chairman of the American Association of University Professors collective bargaining congress.

Bunsis, a professor of accounting at Eastern Michigan University, spoke to a crowd of students and faculty at the Schindler Education Center on the UNI campus Thursday afternoon. He presented budget numbers that he said showed the staff furloughs and faculty salary cuts weren't necessary last year. He showed UNI has $65 million in unrestricted assets, nearly $93 million in free reserves and $133 million in cash and investments.

"What's the point of building up your reserves if you don't use them for short-term fixes?" he said.

Bunsis pointed to figures from the UNI Fact Book showing the university reported $483 million in assets with $185 in liabilities.

"There's no way they're broke," he said.

During last year's academic year, faculty and staff were asked to accept salary cuts to help the university meet an $8.8 million drop in state funding.

Bunsis showed that funds from the federal stimulus bill, the American Recovery and Reinvestment Act, cushioned much of the university's revenue shortfall. Reduction in funding --- especially state appropriations --- will likely be felt this year, he said.

"The big reduction wasn't felt last year," he said.

UNI should consider tapping its reserves, decreasing administrative salaries or administrative costs before furloughing staff and reducing faculty pay, Bunsis said.

"When you furlough and cut salaries that has an affect on the university's academic mission," he said.

Bunsis gives his presentation at universities and learning institutions across the country. Some institutions, such as Cal State, had no choice but to institute pay cuts and furloughs to stave off financial crisis. However, UNI is one of the most fiscally secure institutions he has analyzed, he said.

Copyright 2015 Waterloo Cedar Falls Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(6) Comments

  1. meatgal
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    meatgal - September 21, 2010 9:04 am
    cut administrative salaries or positions but not faculty....lololol
  2. dfrank5775
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    dfrank5775 - September 21, 2010 8:58 am
    Let's bring back baseball and Womens Studies. I know xdfred would teach the Womens Studies classes for free. He is an expert in that field.
  3. dinosaur
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    dinosaur - September 21, 2010 12:05 am
    I haven't had a look at the books. Don't want to. That's what some people get paid to do, and make adjustments accordingly. My big question is: Who ASKED this guy what he thought? He is a professional "trouble maker" who goes around to different schools to 'stir the pot.' Go home, mind YOUR business, and let people who are trained for the job, do their job.
  4. snekul
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    snekul - September 20, 2010 9:37 pm
    There's also the political aspect. While the Universities may have been in good shape, the rest of the state wasn't in as good of shape. With ASFME employees having to take furloughs state-wide, it would've looked really bad to not have the all university employees sacrifice--even if it wasn't needed in some areas.

    The financial state of the university wasn't the only thing the Regents/Universities had to consider.
  5. Captian Bruisin'
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    Captian Bruisin' - September 20, 2010 5:31 pm
    Exactly... Howard Bunsis, chairman of the American Association of University Professors collective bargaining congress?? Sounds like a even minded person willing to evaluate a situation with everyone's best interests in mind. NOT.

    How typically elite... Take your money and get your cuts from somewhere else, just don't take it from me. Who cares about the little guy, as long as his ilk gets theirs.

  6. McKinley
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    McKinley - September 20, 2010 4:22 pm
    It's nice to know UNI is in good financial shape, but I would
    feel better if the source wasn't a biased one.
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