FROM CHANCELLOR MICHAEL DRAKE

Budget Update

June 30, 2009

Dear Colleagues:

We wish to thank all of you who have submitted comments regarding the three furlough/salary reduction proposals, and continue to encourage all members of the campus community to share their thoughts and ideas about how best to cope with the budget challenges we are experiencing.

While too many responses were received to address each one individually, please know that the relevant coordinating units are doing everything possible to ensure that your input on the furlough/salary reduction options is being forwarded, via the appropriate channels and in summary form, for consideration by the Office of the President. President Yudof is scheduled to present one of the three options, or some version thereof, to the Regents for consideration at their July meeting. The outcome will be communicated to you as soon as possible thereafter.

Of Current Interest

• Chancellor announces Cicerone graduate fellowship
• Student scholars honored
• Chancellor recognizes PRIME-LC graduates
• 2009 Medal recipients announced
• $21 million gift names UC Irvine Douglas Hospital
• OC Business Journal: “UCI’s First Family”
• Chancellor provides campus update to regents’ committee