Present: Jonathan Brand, David Clay, Tom Crady, Bob Grey, John Kalkbrenner, Mickey Munley, Jack Mutti, Russell Osgood, Todd Reding, Helen Scott, Paula Smith, Jim Swartz, Frank Thomas, and Karen Voss.

The meeting was called to order at 7:35 a.m.

The Committee discussed the most current fund budget model, which still projects a deficit of approximately $216,000. The Committee then discussed those priorities that are presently included in the budget model. The Committee will need to continue considering how to increase revenues.

The Committee discussed those priorities that people had submitted to Russell but are not yet in the budget model. In so doing, the Committee discussed the state of Dining and the overall array of options for students including the Forum Grill, the Expresses and Bob's Underground. The Committee addressed the issue of calendaring/scheduling and the possibility of centralizing this work. Finally, the Committee discussed our efforts at ensuring that people know about Grinnell nationally and internationally, including an enhancement of the Grinnell Magazine and a marketing study.

The Committee will receive updated current fund budget modes as the budget is brought into line. Jonathan Brand indicated that he hopes to produce a draft budget memo over the break for the Committee to review and work on in early January. He also noted that the Committee can continue to recommend re-allocations even after the Board of Trustees approves the budget in February.

The meeting adjourned at 8:50 a.m.