August 9, 2022
As of July 31, 2022, the expected annualized future salary savings for vacated positions is $7,038,548 plus $1,970,793 in estimated fringe benefits.
View savings information by month.
July 7, 2022
Governor Hutchinson, Secretary Key express confidence, support for Henderson's future
Arkansas Gov. Asa Hutchinson and Secretary of Education Johnny Key today expressed confidence and support for Henderson State University’s academic reorganization, partnerships and future that will lead to improved student success in Arkansas.
“Henderson leadership has worked hard to right the ship,” Hutchinson said at a news conference at the State Capitol. “Tough decisions have been made that were not easy and were painful, but necessary for survival of Henderson. We all want to see Henderson succeed.”
The governor said he was grateful to the Arkansas State University System and President Chuck Welch for “stepping up” to support Henderson, which became a member of the system in 2021, and that he wanted to “showcase Henderson and its purpose.”
“Henderson’s singular focus is student success, making college more affordable and developing pathways from kindergarten to college,” Hutchinson said. “I’m proud of the transition and pivot. Survival was a real issue in the past, and Arkansas would be less if it didn’t have Henderson.”
HSU Strategic Positioning Platform
Reimagining Henderson: College that Works for All Students
June 17, 2022
Furloughs will end July 1. This change will be effective with July 15 paychecks. We are projected to end the fiscal year with $3.7-$5 million in cash, which will support summer payroll and help the university transition into the fall semester.
Modified Cash Budget - May 31, 2022
May 5, 2022
The Arkansas State University System Board of Trustees voted unanimously to approve the chancellor's financial exigency recommendations today.
Financial Exigency Committee's Recommendations
May 2, 2022
The Arkansas State University System Board of Trustees will consider financial exigency recommendations prepared by the Chancellor and the Financial Exigency Committee on Thursday, May 5 at 10 a.m. Connection information will be available at asusystem.edu in advance of the meeting.
Guide to Human Resources Transitions
April 20, 2022
Dear Members of the Campus Community,
As we work toward next steps of our financial exigency process, I am sharing an overview of our progress and challenges, further defining decision-making metrics and tools, and providing a timeline of actions needed to build a sustainable, student success-driven model for Henderson State University.
As communicated in the Academic Performance and Program Viability document, decisions concerning academic programs will be based on four primary metrics:
- Net cost basis of delivery and overall net revenue production
- Unit-based cost of instruction defined at the seat level
- Student success rates with weighted priority for degree completion
- Alignment to community-based needs and 21st century durable skills
Today, I want to provide access to dashboards and additional context for the first three metrics that are being utilized to evaluate academic programs in the financial exigency process.
Read Dr. Ambrose's message and access the dashboards.
Resources
April 2022 Activity: Modified Cash Budget
March 2022 Activity: Modified Cash Budget
ASU System Board Resolution (March 28, 2022)
Reimagining Henderson: Academic Performance and Program Viability
February 2022 Activity: Modified Cash Budget
Letter from Higher Learning Commission
Response to Higher Learning Commission
FAQs
Fiscal Responsibility and Financial Exigency Process Next Steps FAQ
Position Management Process FAQ
Archive
Letter to Faculty Senate (February 9, 2022)
Responses to Faculty Senate Questions
Henderson's Strategic Resource Allocation Model
FY2022 HSU Modified Cash Budget
FY2023 HSU Modified Cash Budget without HEERF
Presentation from Campus Conversation on February 3, 2022
Cost Savings Survey Results as of January 28, 2022
Rapid Response Team Cost Savings Survey
Modified Cash Budget Pro Forma (Unaudited)