29 January 2004
Present: Sparks, Tinnell, Staples, Mathis, Fahey, Maynard, Moore, Crangle, JPClark, Thurston, Hage. Excused: Landry, Driscoll, Barry, Bernier, Rousseau.
The November minutes were approved as written.
December financial and budget review by Bill Crangle:
PSU has the lowest receivables in the USNH.
Heavily in-state mix will keep us behind last year.
Res Life is doing well enough to put away money towards deferred maintenance and other projects (Pemi this summer).
Dining is doing exceptionally well.
The HUB is doing well enough to fund a weight/locker room upgrade this summer.
Negotiations with the town on a safety services agreement continue. Regardless of how those negotiations go, the increase in payments for next year will be significant.
We will overspend in utilities this year as oil prices continue to rise.
The state appropriation could go up 3% this year, tuition 6%, and fees 4%.
The state is looking at a $300 million deficit.
Nothing concrete yet from the governor’s office or USNH, but many Trustees are convinced there will be a rescission next year.
Bill shared an enrollment growth chart from FY04 to FY14. The majority of the growth is in design capacity (live-in students) increasing from 2090 students in 2004 to 2690 by 2014. The goal is to get 65% of our student population to live on campus, up from the current 56%.
Work must be done to bring our retention percentage up to the high 70’s, where a school of our type should be. The new gen ed program should help.
Roger expressed concern that the committee is not paying enough attention to assessment.
Bill has begun an assessment and recommendation for 2004. He will meeting with Ginny soon and bring a draft letter to a later CBC meeting.
Nick reviewed R+30 data. Roger was concerned with what appeared to be increased class sizes. Dan pointed out that the numbers represent an average only. A discussion of class size issues followed.
The next CBC meeting is Tuesday, February 10 from 8-9:30 in HUB 119.