9 May 2006
Present: Sparks, Petz, Crangle, Staples, Thurston, Fahey, Dauer, Landry, Shen, Boggess, Levy, Moore.
Introductions were made for the benefit of Linda Dauer, who joins this committee and the financial affairs division in a new position as the director of budget and financial planning under Bill Crangle.
Bill spent most of the meeting reviewing the current status of the ’06 budget and the budget prep process for FY07.
The admissions report shows a rise in applications that gives us a larger pool from which to choose our students and ultimately increase retention. We still need more non-resident students. We purposely admitted 75 fewer students than last year. Since most admitted students have paid we can count on approximately the same size entering class as this year. The balance of non- resident to resident students is slowly beginning to tip back toward our goal of 45/55%.
Preregistration is up considerably this year. We’ve seen a steady growth since 2003. Better retention should reduce the time-to-graduation for many students.
Richard Sparks mentioned a report by Chris Johnson from Physical Plant on how PSU can benefit from the use of bio-diesel fuel. Turning the dining hall’s waste cooking oil into bio-diesel fuel is one way we could save money provided we buy the necessary processing equipment (perhaps with the money saved by not paying for disposal of the used oil). If mixed properly with regular diesel fuel no modifications to diesel engines, such as in our shuttles, are needed to burn it (80% diesel to 20% bio-diesel). Trent suggested burning bio-diesel fuel in the cogen plant. Bill suggested the committee co-draft with the University Environmental Committee a recommendation letter to the president to help move these efforts ahead. The UEC will hold their last meeting on May 18, at which Richard Sparks will take up this topic.
The CBC was adjourned at 9:15am until September 2006.