23 September 2003
Present: Staples, Fahey, Landry, Tinnell, Thurston, Mathis, Driscoll, JPClark, Sparks, Crangle, Moore, Davis.
The minutes were accepted as written and received via email.
The FBRC (Faculty Budget and Resource Committee) is in its organizational stages, and working on a meeting schedule.
A member of the committee asked for assessment of what the committee has done since its inception and the effects of those activities/recommendations.
Bill Crangle presented an explanation of the handouts, beginning with the general fund. The energy line raised questions about what is being done about energy conservation on campus. The Environmental Committee co-chairs could come to a CBC meeting to discuss the issues. Also, “sustainability” may become next year’s academic theme, allowing the entire campus a chance to become involved in conservation. The bottom line for FY03 was a $214,000 surplus. We also did not have to use any reserves.
Issues raised from other handouts:
The tuition income chart is the forecasting method for determining enrollment projections.
Bill reviewed the auxiliary funds (operations that pay for themselves).
The issue of students (parents) buying Plymouth homes and then sharing them with other students has become a major problem in the neighborhoods. The master plan will address the issue of more on-campus housing for upperclassmen.
There are 200 more students on the dining plan than last year, even though we have only 40 more actual students.
COMNET is the combination of Telecom, RESNET, Cable TV and the Computer Store. Administrative telecom costs have been increased due to the loss of revenue from long-distance income from students. Telecom is pushing sales of cellular phones and service through a company that gives Telecom a cut from all sales to students.
Reserves should, at minimum, grow at the same rate of inflation as our budget (in a perfect world).
The balance sheet shows almost a two million dollar increase in cash over last year, or a 15% increase. This is good.
The next CBC meeting is Tuesday, October 14 at 8am in the Student Senate Room (HUB 119).