25 February 2003
Present: Ramsay, Kent, Fahey, Wharton, Hage, Levy, Sparks, Campbell, Mathis, Bernier, Moore, Crangle, Wixson. Excused: Landry, Huckins, Barry. Absent: Cantor, Quigley.
The February 18th minutes were approved as written.
Bill reviewed a spreadsheet package that reviewed the summary budget model of FY03 and presented four budget models for beginning to cope with the reduced level of state appropriation proposed by Governor Benson ($1.2 million for FY04).
There followed a lengthy discussion regarding options for where we can go for either tuition income or necessary budget cuts. Suggestions were made such as deferring deferred maintenance even longer, deferring raises or attracting more students through faculty initiatives like the 15 free elective credit proposal, accepting transfer courses from other accredited institutions and a reformed gen ed program. The political climate and the Trustees will take much of the decision-making on tuition and/or salary raises out of our hands anyway, so we’re left with finding ways to either cut budgets or generate more funds.
Bill will go to the student government on March 9th. The next CBC discussion will focus on student fees, room and board. Homework for next Tuesday’s meeting is to think of where else in this institution we can look for areas in which to reduce expenses. It is important to find structural reductions, i.e., ones which remain reduced in fiscal years beyond FY04.
The next CBC meeting is scheduled for Tuesday, March 4 at 8am in HUB 119.