Enrollment emergency is a sudden or unplanned, University-wide decline in student enrollment, the detrimental financial effects of which are too great or too rapid to be offset by normal procedures outlined in this Handbook. If such a decline occurs, the President, after consultation with the Faculty Budget Committee and the Faculty Council, Dean’s Cabinet and the Dean’s Budget Committee, and with the Executive Committee of the Board of Trustees, shall declare a state of enrollment emergency to the University.