Announcement from the President

Dear Alumni,

As all of us are aware, the economic developments that have emerged over the last year have been challenging and caused institutions, families and individuals to pause. It would be naïve for us at PBU to think that we are insulated from the present situation that is affecting our nation and the world. We are attempting to deal wisely with the current economic situation that has adversely impacted all organizations in both the for-profit and non-profit worlds. Thankfully, the University is not in a crisis mode, but we also believe it is important for us to act wisely and prudently. We wanted to share with you steps that we have implemented during recent days to address these challenges.

1. Revenue projections for FY 2009-2010 have been scaled back based upon our best and most conservative assumptions and budget savings identified.

2. Salaries have been frozen and the President’s Cabinet has taken reduction in salaries.

3. Faculty and staff have consented to take on extra responsibilities.

4. A reduction in force has been implemented. This includes not filling some present open positions and also eliminating some current positions.

The Assistant Alumni Director position has been eliminated. This directly affects Ron Delp, who has been serving in this capacity these past years. He has been an example to us all as someone who cares, prays, and celebrates our alumni. He has served the University well and will be missed. As Ron has advocated for you in the past, we ask that you would now return the honor and pray for him as well for God’s guidance concerning his future.

Clarence Johnson remains the Director of Alumni and Church Relations and he will be continuing his work to serve you in the days ahead.

As you can imagine these have been difficult decisions and we have appreciated your prayers. We ask that you continue to pray for us, for the faculty and staff members who will be seeking new employment, and for those who remain. The work of PBU goes on and we are striving to lean forward. I am convinced that we will, by God’s grace, emerge stronger, more efficient, and more focused on the goals set for the next three years. We will be monitoring very closely the economic situation and will make whatever further adjustments are deemed necessary and prudent.

Your Fellow Alumni,

Todd Williams, Ph. D.

President