12 February 2002
Present: Barry, McCahan, Fahey, Moore, Freyhofer, Fogleman, Ayers, Ramsay, Crangle, Wixson, Mathis, Campbell, Hage, Flack, Huckins. Excused: Landry, Kent. Guest: E. Cheney.
Mike Horton’s presentation on deferred maintenance and R&R budgeting led to a lengthy discussion of deferred maintenance, which evolved into space issues. Questions asked included were we going to grow, build new res halls, buy more land etc.
Update on the 03 budget: Bill handed out updated Budget Change Recommendations. (keep this latest and toss previous ones). The current deficit is approximately $700,000. The viewbook is due to be redesigned at a cost of $100,000 so that brings the total to $800,000. The group went over a list of possible reductions to help balance the budget. Bill welcomes any other cost saving ideas to add to the list. One suggestion made was better utilization of our facilities in the summer, targeted to our recruitment audience; sports camps, art and music camps, etc., which cater to the 12-18 yr-olds.
Revised contribution margin analysis: The revisions were driven by comments from Ed Wixson. The committee’s assignment is to take a look at this new analysis for the next meeting.
The next CBC meeting is Tuesday, February 26 at 7:30am, HUB 119.