April 24, 2019 - The News Record at University of Cincinnati

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pg. 5 | CCM alum returns pg. 7 | Cumberland with ‘Dear Evan Hansen’ enters 2019 NBA Draft Wednesday, April 24, 2019

How much do your professors make? MITCHELL PARTON | MULTIMEDIA EDITOR Ever wonder how much your professors earn? Now, it’s easier than ever to find out. The News Record this week released its updated database of salaries for every University of Cincinnati employee. UC employees earned an average salary of $136,159.06 in 2018. The highest-paid employee before bonuses was UC President Neville Pinto, who earned $660,000.00. Pinto’s salary is more than 50 percent higher than that of former UC President Santa Ono, who made $427,518 in his final year at UC. Ono declined salary increases throughout his time at the university. Other top-paid employees,

measured by salary, include: • No. 2: Mike Bohn, athletic director | $552,040.44 • No. 3: Kristi Nelson, provost | $489,600.00 • No. 4: Karl Schaefer, chief investment officer | $438,600.00 The data provided accounts only for salaries — not any additional compensation, including bonuses. Mick Cronin, former men’s basketball coach, made $2,217,465 after bonuses in 2018, according to USA Today. Out of the top 100 highest earners, nearly 4 in 10 are professors. The average salary of the top 100 earners is $272,353.31. Visit newsrecord.org to check out our searchable database and learn more about how much every UC employee earns.

Since PBB was implemented, the college has encumbered $2.3 million in rolling debt, said Ken Petren, outgoing A&S dean. JACOB FISHER | EDITOR-IN-CHIEF

Punishing A&S: Flawed budget model has caused the worst deficit in years, officials say JACOB FISHER | EDITOR-IN-CHIEF Thirteen years ago, the University of Cincinnati was facing a dire financial crisis. At one point in 2006, negative accounts totaled more than $240 million, and the university was just months away from being unable to meet payroll, according to a report provided by university spokesperson M.B. Reilly. “At the time, those who understood the financial details were not entirely certain anything could be done to avert bankruptcy,” the report said.

It’s the main reason UC implemented a performancebased budget (PBB) model, said Ken Petren, the outgoing dean of the College of Arts & Sciences (A&S). Under the model, colleges are promised a larger budget if they exceed revenue targets, which are increased annually by the Provost Office to prioritize enrollment growth. Ultimately, it worked. Colleges grew, enrollment increased, and the university’s cash position swelled to $613 million in June 2018, according to the report. The model seemed to A&S Continued on Page 3

University of Cincinnati President Neville Pinto. PROVIDED BY ANDREW HIGLEY | UNIVERSITY OF CINCINNATI


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