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Excerpted minutes from the November 19, 2004 meeting
Present: Jonathan Brand, Jon Chenette, David Clay, Matt Cleinman, Leslie Gregg-Jolly, John
Kalkbrenner, Wayne Moyer, Russell Osgood, Susan Schoen, Marci Sortor, Jim Swartz,
Frank Thomas, and Karen Voss.
Jonathan Brand opened the meeting at 8:35 a.m. Central Time. Discussion
began of the FY 2006 budget model. Jonathan Brand distributed a document which
addressed the significant changes in the projected FY 2006 budget model from the
current FY 2005 budget. Discussion ensued regarding these significant changes, which
included student body size, financial aid, fringe benefits, gifts and grants, salary
increases, academic support non-salary increases, Student Services area increases, and
increases in facilities-related costs. There was also a lengthy discussion of the increase
in utility costs and the energy efficiencies of the College's heating and cooling systems.
Russell Osgood began a discussion of his ideas about how to balance the FY 2006
budget. Discussion ensued regarding increasing the endowment contribution to the base
budget. There was also discussion by the Committee of the size of the student body, the
comprehensive fee, the financial aid budget, and the Building, Maintenance & Equipment
Fund.
The Committee decided on the membership of two sub-committees, one to consider
the academic non-salary expenditure requests and one to consider the non-academic, non-
salary expenditure requests. The Committee will meet again after these two sub-committees
have met and will at that time continue its work of developing a balanced FY2006 budget.
The meeting was adjourned at 9:45 a.m.
Submitted by,
Susan M. Schoen
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