671003 news 1699633385 1699877333 <![CDATA[Georgia Tech Prepares for Potential Federal Government Shutdown]]> The United States government is approaching the extended deadline of Nov. 17 to reach an agreement on federal spending for the current fiscal year, which began Oct. 1. If an agreement is not reached by the deadline, it will result in a government shutdown, which will affect many programs, including the federal contracting work performed by Georgia Tech. Currently, Georgia Tech receives approximately $85 million per month of federal funding for its research activities.

“While most Institute operations would not be immediately affected, a prolonged federal shutdown would require measures to preserve cash and maintain campus operations,” said Jim Fortner, vice president for Finance and Planning and interim chief financial officer.

Leadership continues to monitor the situation and is ready to implement strategies to help ensure business continuity in the event of a federal government shutdown. Current mitigation strategies include monitoring cash balances, accelerating federal invoicing, and assessing the need to defer major purchases and non-essential travel. More information will be provided as it becomes available.

]]> 2023-11-10T00:00:00-05:00 The Institute continues to monitor the situation in the event a federal shutdown occurs after the extended Nov. 17 deadline. As a result of Georgia Tech’s proactive financial planning, most Institute operations would not be immediately affected. The longer a shutdown lasts, the greater the likelihood that operational changes would be necessary.

]]> 672356 image <![CDATA[Capital Building in the Fall.png]]> 255582 image/png Rachael Pocklington
Institute Communications

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