of the Campus Faculty Meeting
I. Call to Order:
Deborah Thomas, Chair, called the meeting to order at 3:33.
II. Approval of the Agenda
Without objection, the agenda was approved.
III. Minutes of the Fall 2004 Meeting
Without objection, the minutes of the Fall 2004 meeting were approved.
A. Chancellor John White - The Chancellor spoke on the following:
1. Campaign for the 21st century
Our endowment has increased from 119 million to 650 million. Our goal have been increased to 1 billion; only 23 schools nationwide are currently at this level. We now need to raise 96 million in 2.5 months.
Endowments for chairs, profs, scholarships, fellowships, library, student travel and research, new buildings, hardware and software. Greatest benefit, the breadth of participation and impact. Our university has grown from 33 to 132 endowed chairs and professorships and we now have 1,653 new scholarships and fellowships. To date, 281,000+ gifts have been received and this entails 70,000 donors, 40,000 of these are first time donors contributing 20%.
Distribution of funds (some numbers)
33% goes to students (direct support)
21% goes to faculty
2. FY06 budget outlook
Received 4.58 million from the state for FY06. ADHE funding formula has been adopted and determines how funds will be allocated to higher ed. Unfortunately we still have a long way to go to get the funds we really need.
- salary increases for faculty and staff
- budgeting to meet non-discretionary requirements and obligations
- health insurance increases
- utilities increases
- staff salary market adjustments
- sick leave payout
- IT Disaster recovery
- critical faculty hires
- 2%reallocation process
- Diversity - a real need.
- Joining the Billion dollar club
- Ensuring that success is rewarded, not punished
- Securing full funding of the ADHE formal
- Achieve the 2010 goals
- Continue to increase quality while increasing enrollment
- Recruitment, retention and graduation, our keys to success
- Grow our graduate programs, substantial increase needed
- Provide need-based scholarships
- Add needed facilities
- Avoid discouragement with all these challenges
- Change attitudes and expectations
- Stay the Course
B. Grade Task Force Chair, Sean Mulvenon.
Professor Mulvenon reported on the work of the Grade Task Force. The Task Force is still examining the data and will have more information to share in Fall 2005. For information provided in his report to the Faculty, see the handout attached below.
Grade Task Force Report
V. Old Business
VI. New Business
The meeting was adjourned at 5:13 p.m.