“We [faculty] are good at critiquing. And I’m a personal fan, because I believe that this university has to be a learning organization, we need to get better,” Caboni said. “The way we get better, I think, it’s just being honest with ourselves and talking about the work that we have to do together. And we’ve done some really good work.” Caboni then discussed enrollment increases, with the first enrollment increase in degree-seeking students seen since 2013, as well as growth in retention. A majority of Caboni’s discussion revolved around the university’s $11 million overspend, or 3%, above the actual revenues in fiscal year 2022-2023. He said the university had built in flexibility from years past to “navigate through” the overspend. The $11 million overspend is the difference between actual revenues and actual expenditures from FY23, according to previous Herald reporting. The actual expenditures, totaling $400.6 million, were $17.2 million over the budgeted expenditures and revenues, both set to be $383.4 million.
