Excerpted Minutes from the January 14, 2003 Meeting of the Budget Steering Committee
Present: Jonathan Brand, Dave Clay, Tom Crady, Mark Montgomery, Mickey Munley, Jack Mutti, Russell K. Osgood, Todd Reding, Susan Schoen, Helen Scott, Marci Sortor, Jim Swartz, Frank Thomas, and Karen Voss.
Jonathan Brand opened the meeting at 9:07 a.m. There is still a substantial deficit in the proposed budget. The two subcommittees have been reviewing the academic and non-academic non-salary budget requests to identify areas in the budget that can be reduced or eliminated. They have been successful, but more reductions are still necessary.
A lengthy discussion ensued regarding ways to reduce the deficit in the budget model. After a long discussion, the committee agreed to reconvene the two subcommittees for the purpose of finding further reductions in the budget model. Jonathan Brand will schedule a meeting of the full committee to meet again this week on Friday, January 17. It is his hope to be able to draft the budget memo for the Steering Committee's approval and have it available for consideration by the Board's Budget Committee shortly thereafter. The meeting adjourned at 10:56 a.m. Central Standard Time.
Respectfully submitted,
Susan M. Schoen
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