Dear Colleagues:
As we begin the new school year, the Institute’s first as a graduate school of Middlebury College, I wanted to keep you informed about various developments on campus over the past few months, including a significant and welcome one regarding our budget.
As many of you know, during the “affiliation phase” of the partnership with Middlebury College, the Institute was responsible for its operating and capital expenses and also paid charges for services originating from the Vermont campus. This was supplemented by investments made by Middlebury in the Institute through donor gifts.
Over the past few months, however, continuing discussions surrounding integration have led to an evolution in thinking on both campuses. With Middlebury now comprised of a set of increasingly intertwined programs, all of which are component parts of a single 501(c)(3) organization, our collective financial model is evolving toward greater integration as well.
Going forward, MIIS will be treated as a unit of the Middlebury enterprise, in many ways no different than the Language Schools, Schools Abroad, and Bread Loaf School of English. MIIS will retain a tremendous amount of autonomy, but at the same time needs to fit into the Middlebury budgetary framework and the related financial and administrative policies and procedures.
The immediate financial impact is that MIIS is no longer required to budget for debt service and service agreements, as those costs are managed centrally by the Middlebury enterprise. In addition, capital improvements and equipment purchases will be managed centrally and MIIS will not be required to budget for a “replacement and renewal reserve” or equipment depreciation. We will, however, continue to be responsible for our operating budget.
Treating MIIS as part of the Middlebury enterprise as opposed to a “tub on its own bottom” (as it was during the affiliation phase) ensures that the Institute gets the resources we need to grow program excellence, campus operations, and fundraising capacity — our principal revenue drivers being enrollments and fundraising – and thus help the whole enterprise maintain long-term financial sustainability.
This very positive change has already allowed us to make adjustments to our current FY11 budget that have restored some of the cuts previously made to faculty and staff positions, increase resources for faculty development, start a new staff professional development fund, invest in technology and facilities upgrades, and invest in increased recruiting and marketing efforts, among other areas. While I do not have any news to report right now regarding salaries and benefits, I want you to know that those topics have also been a part of our discussions, and I expect to have news to report after our fall Monterey Institute Board of Governors meeting on October 1-2. (Specifically, I encourage you to attend the Town Hall we have scheduled for faculty and staff on Thursday, October 7 at 12:15 p.m. in the Irvine Auditorium.)
I wanted to take this opportunity as well to keep you informed about a few other significant developments.
As you know, the Institute for many years had a Board of International Advisors that served a variety of functions over the course of its tenure. We made the decision last year that our academic reorganization and integration with Middlebury presented an opportunity to start fresh with a refocused and revitalized approach. Next month we will convene the inaugural meeting of the International Leadership Council (ILC), a group of 24 active professionals in fields including policy, business, education, language, the non-profit sector, and government, who are committed to support the Institute’s mission and goals “through the creation and development of academic and professional opportunities for Institute students,” and also through participation in efforts to increase the Institute’s national and international profile. For more information about the ILC, visit www.miis.edu/about/groups/council <http://www.miis.edu/about/groups/council> .
At the same time, we have been working with a group of local supporters toward the goal of establishing a community-based group (“eMIISsaries”) here on the Monterey Peninsula that will focus on sponsoring events on and off campus designed to support and advance our mission by “increasing awareness and interest in MIIS among residents of the Central Coast and beyond.” For more information about eMIISsaries, visit www.miis.edu/about/groups/emiissaries <http://www.miis.edu/about/groups/emiissaries> .
Finally, I hope you have taken note of the many positive changes on campus this summer, including our new campus signage and campus maps, extensive facilities maintenance, and a variety of landscaping improvements. They all represent both hard work by our staff and a welcome “fresh start” to the new academic year.
I look forward to talking with you more about these and other issues as the year unfolds, and encourage you once again to attend the Town Hall scheduled for October 7.
Thanks,
Sunder Ramaswamy