5 May 2005
Crangle, Sparks, Mackey, Landry, Petz, Fahey, Hage, Moore, Staples, Thurston, Mathis.
The minutes from the April 12 meeting were approved as written.
Bill discussed tuition projections for FY06 through 09. We always try to project less than the actual to have a cushion. Pre-registration was successful. Admissions exceeded their goal. Unfortunately tuition will continue to increase (up to $14,000 for out-of-state by 2009). There is concern about where the wall is on out-of-state tuition rates.
Next up was the room, board, and student fees for FY06. Dan asked how many students who live off campus eat on the dining plans. A surprising number of them do, perhaps owing to Sodexho’s improvements.
Bill then reviewed the list of FY06 priorities from the cabinet. He mentioned that our short-term investment income increased by 25% (the most in the USNH) due to our better cash management. Each VP’s priority list was reviewed separately.
Since Bill presented a balanced request budget, there was no need for the committee to approve anything. Bill asked the members to consider the information before the next CBC meeting (May 10) and bring any concerns to the table at that time.
Adjourned at 9:37.