Campus News

‘Behind the Blue Special Edition’: UK EVPFA Eric Monday on UK’s Budget Challenges In the Face of COVID-19

LEXINGTON, Ky. (April 24, 2020) — Among his many duties, University of Kentucky Executive Vice President for Finance and Administration Eric N. Monday has helped lead the crisis response of the university to COVID-19. It’s something he has a great deal of experience in, having helped lead responses to two major hurricanes while serving in senior positions at Louisiana State University.

This week, however, Monday is also part of a discussion about what will be a very challenging budget this coming year — a challenge created by the blows to the economy from the coronavirus. Along with President Eli Capilouto and other senior leaders, Monday leads a team that is developing a proposed budget for 2020-2021. The idea, Capilouto said in an email to campus last week, is to make the “painful and tough choices” now that will “position UK to thrive when we emerge from this crisis.”

Monday joins us on this special episode of "Behind the Blue" to discuss that process and the steps UK is taking from here.

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The University of Kentucky is increasingly the first choice for students, faculty and staff to pursue their passions and their professional goals. In the last two years, Forbes has named UK among the best employers for diversity, and INSIGHT into Diversity recognized us as a Diversity Champion four years running. UK is ranked among the top 30 campuses in the nation for LGBTQ* inclusion and safety. UK has been judged a “Great College to Work for" three years in a row, and UK is among only 22 universities in the country on Forbes' list of "America's Best Employers."  We are ranked among the top 10 percent of public institutions for research expenditures — a tangible symbol of our breadth and depth as a university focused on discovery that changes lives and communities. And our patients know and appreciate the fact that UK HealthCare has been named the state’s top hospital for five straight years. Accolades and honors are great. But they are more important for what they represent: the idea that creating a community of belonging and commitment to excellence is how we honor our mission to be not simply the University of Kentucky, but the University for Kentucky.