Excerpted Minutes form the January 17, 2003 Meeting
Present: Jonathan Brand, Dave Clay, Tom Crady, John Kalkbrenner, Mark Montgomery, Mickey Munley, Jack Mutti, Todd Reding, Susan Schoen, Helen Scott, Marci Sortor, Jim Swartz, Frank Thomas, and Karen Voss.
Jonathan Brand opened the meeting at 1:06 p.m. He noted that a deficit still existed in the proposed budget earlier this week but that it had been pared down significantly. The Committee was asked to recommend other cost-cutting measures in the proposed budget. John Kalkbrenner reported an increase in net revenue. With more students in college housing, the meal plan revenues will increase. Jonathan Brand reported finding an additional sum in the area of physical education/athletics. A lengthy discussion continued regarding ways to reduce the deficit in the budget model by focusing on the area of staffing.
The Committee discussed general College policies and those that have been endorsed by the Board. The discussion centered on comprehensive fee increases, and touched on the discount rate as well as the goal of having Grinnell's comprehensive fee measure at 90% of our peers. Discussion ensued regarding the College's goal with respect to the comprehensive fee policy. After a lengthy deliberation, the Committee agreed to propose a slightly higher fee increase than originally proposed. Jonathan Brand will discuss this with President Osgood before moving forward formally with it and adjusting the proposed model. He will report back to the committee after his discussion.
The meeting adjourned at 2:28 p.m. Central Standard Time.
Respectfully submitted,
Susan M. Schoen
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