exists. To do so, it shall: (a) verify whether substantial and continuing financial operating deficits are projected by consistently applied generally accepted accounting principles to persist for at least three years; (b) verify whether the persistence of such deficits would threaten the continued operation of the University; (c) verify whether possible reductions have been made in all areas of the University's expenditures and whether in view of the University's needs and its established academic goals layoffs of members constitute a necessary type of cost saving; and (d) verify whether the Board has made reasonable efforts to increase revenues to overcome the projected deficits.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
