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Montoya Named Permanent Executive Director of PBIR

After serving in the position for a year in an interim capacity, Loretta Montoya recently accepted the permanent position of Executive Director of Planning, Budget and Institutional Research. Montoya has been serving in higher education business capacities for over 23 years, which will serve her and CNM very well during these unusual budget conditions.

Aug 30, 2016

Loretta Montoya
After serving in the position for a year in an interim capacity, Loretta Montoya recently accepted the permanent position of Executive Director of Planning, Budget and Institutional Research.  Montoya has been serving in higher education business capacities for over 23 years, which will serve her and CNM very well during these unusual budget conditions.

“I think I bring a lot of financial, budget and management background to this position,” said Montoya.

She began at CNM as an accountant in the Business Office and previously worked in grant accounting at the University of New Mexico.  She came to the interim position after working in the Business Office for many years, most recently as accounting director.

“I’m looking forward to using that experience,” she said. “I’ve worked with a lot of people on campus, so using those positive relationships is important.”

Montoya is taking over the position during very tough times for budgets at CNM. Continuing budget cuts over the last few years have created a challenging situation that requires creativity in the crafting of the institution’s budget. Talk of budget cuts is an ongoing conversation in higher education in New Mexico and Montoya knows the importance of thinking critically and innovatively when it comes to the CNM budget.

“Our budget reductions will be focusing on finding creative ways to limit costs to maintain a balanced budget while faced with so much growth,” she said.  “It will be a challenging time, at least for the next few years.”

She hopes to address the situation by working with individual departments to improve processes and cut costs. She is also looking forward to doing more with strategic planning and utilizing institutional research data for planning initiatives.

Montoya manages to keep herself busy with more than just thinking about budgets. This term she is teaching a Financial Literacy 1010 course, which helps high school dual credit students develop financial skills.

“(Teaching) has been very refreshing,” she said. “In administration, we know we’re here to support students, but we don’t have direct access. It’s been refreshing to help students.”