Present:  Jonathan Brand, David Clay, Tom Crady, John Kalkbrenner, Jacob Kaufman-
Osborn, Mark Miller, Mark Montgomery, Mickey Munley, Jack Mutti, Russell Osgood, 
Todd Reding, Susan Schoen, Helen Scott, Marci Sortor, Jim Swartz, Frank Thomas, and 
Karen Voss.


	Jonathan Brand opened the meeting at 12:06 p.m.  He introduced the new 
members of the committee: Jacob Kaufman-Osborn as the student representative; Mark 
Montgomery, Chair of the Faculty; Marci Sortor, Associate Dean of the College; and 
Mark Miller, participating as an observer. 


	Jonathan Brand inquired of the Committee its reaction to the preliminary timeline 
he had distributed. The timeline outlined the schedule for developing the FY 2004 
Budget.  Discussion ensued.  It was noted that some decisions with significant budgetary 
implications need to be made outside the boundaries of the proposed timeline due to 
circumstances beyond the Committee's control.  The Committee realizes this fact and 
understands the need for leeway in the scope of the budget development.


	Discussion ensued concerning the three-year budget projections that the 
Committee develops as a part of the budget process .  President Osgood remarked that the 
strategic planning which the college is beginning will aid the committee by providing 
guidelines and other help in terms of projections, priorities, and planning. 


Discussion then turned to the actual internal budget process and the fact, in 
general, that only one Committee member, Karen Voss, is the only person who reviews 
each non-academic budget request. The Committee discussed alternate ways to handle 
the requests in an appropriately efficient manner. Jonathan Brand suggested that 
subcommittees of the Budget Steering Committee review clusters of administrative 
expenditure requests and then make recommendations to the full Committee regarding 
those budget requests.  Discussion ensued. The Committee emphasized the importance of 
analyzing the budget requests in light of the college's new mission statement. Jonathan 
Brand stated he would draft a document outlining a cluster sub-group system and would 
share it with the committee at the next meeting.  


The next agenda item involved sharing with the Committee the College's recent 
decision to participate in the Posse Foundation Program. Jonathan Brand asked Tom 
Crady to explain the program and the college's commitment to it. The purpose of the 
College's participation is ultimately to increase the number of diverse students in 
Grinnell's enrollment.  Discussion ensued. President Osgood and others on the 
Committee expressed enthusiasm for this decision and hope for increases in Grinnell's 
student diversity.


Jonathan Brand outlined the agenda for the next meeting of the Committee.  
Tentatively, it is:
1.	Discussion of the 2001-02 variance analysis
2.	Discussion of assumptions underlying the budget
3.	Broad budget parameters
4.	What budget requests will look like
5.	Internal Budget Steering Committee review process


The meeting adjourned at 12:58 p.m. CDT.




		Respectfully submitted,




		Susan M. Schoen