II. COM Budget Presentation: Comprehensive Overview by Dean Deborah Prothrow-Stith
After thanking Provost Michael, Dean Prothrow- Stith noted that for COM, the budget process was an excellent organizing tool and a source of input at a granular level. She noted that in the current year, preparation time has been very short. The COM budget contribution to the University’ s broad picture will be a lot more fleshed out with greater preparation time available next year. That said, she acknowledged and thanked the COM leadership team for this year’ s effort.
The individual COM departmental and academic unit presentations that followed Dean Prothrow-Stith’ s overview encompassed the budget of the Office of the Dean, seven departments, and the academic units within the College of Medicine. The areas presented in the report include the Office of the Dean and the CDU MD Program Planning effort; the Office of Faculty Affairs and CME; the Office of Health Policy; the Office of GME; the Department of Pediatrics and Drew C. A. R. E. S.; the Department of Psychiatry; the Department of Family Medicine; the Department of Internal Medicine; the Department of Surgery; the Department of Social and Preventive Medicine and OB / GYN; the Office of Medical Student Affairs and the CDU / UCLA Medical Education Program Track; and Research Education.
Dr. Prothrow-Stith stressed that the seven academic departments represent the key COM structural component. Her theme is to embellish and further grow a strong departmental structure. She noted the progress made, meanwhile acknowledging that there is still a ways to go. Variables include the size of the faculty being managed; and the reality that the research and education programs are being run by faculty that fall under the seven departments.
The current presentation, she noted, is a beginning down a path of a strong departmental structure. She unveiled a working organizational chart that graphically depicted COM’ s structure and interrelationship with the other University divisions and academic units. COM is divided structurally into administration and finance; health policy and community partnerships; student education and faculty.
$ 18,775,000. The Dean noted that the figure is a fairly secure projection based on grants already received, not listed in the chart as pending. What is not secure is the student scholarship totals, and only part of COM’ s research and extramural totals. She did a quick back of the envelope calculation, stating that an additional $ 8 / 10 / 12 million in COM faculty research dollars are yet to be accounted for but ultimately will be represented in the 2022-23 budget actuals.
She then did a breakdown of the various accounts and revenue sources tied to the COM endowment, gifts and grants, partnerships, and contracts for service. She noted that restricted funding continues to be aggressively pursued by COM as a strength and source of organizational growth with a little bit of vulnerability. She also noted that the U Account in the financial graphs – the internal University accountrepresents the source of hard money available to COM as operating capital.
She also spoke to the structure of the day’ s presentation as contrasted with typical revenue and expenditures presentations. The COM budget presentation is primarily focused on revenues because so much of COM’ s funding is restricted. The spending depicted matches the restriction, at the rate of an almost a $ 1 for $ 1 expenditure ratio. Overhead is not represented but, if included, it would be shown as an additional amount of funding going to the University.
III. In closing, Dean Prothrow’ s message was sanguine. She was upbeat as she offered encomiums in lauding the work of her talented team. To wit,“ This funding represents the hustle and hard work of writing grants. These dollars do not drop out of the sky.”
The COM departmental and academic unit presentations followed the Dean’ s overview.
Dean Prothrow-Stith next offered COM’ s 2023 revenue projections. The bottom-line figure is
CDU College of Medicine | PG. 9