Eastern Ad-Hoc Budget Committee
Minutes
January 28, 2010
Connecticut Room, Gelsi-Young Hall
Attendance: Dave Bachand, Karyl Bulmer, Marcia Caton, Dennis Hannon, Kristin Jacobi, David Mariasi, Diane Moore, Elsa Núñez, Michael Pernal, William Salka, John Sweeney
Absent: Grace Enggas, Pat Christadore, Drew Hyatt, Douglas Lussier, William Newell, Dimitrios Pachis, Bruce Tyler, Robert Wolf
Meeting commenced at 10:00 am
Motion to accept the minutes of the previous meeting (D. Hannon, M. Pernal - Passed)
Mid-Year Spending Plan
- We will be joined by BRAC at our next meeting to discuss the FY 11 Spending Plan.
- The Mid-Year Spending Plan was submitted last week to the System Officeo The Mid-Year Spending Plan compares last fiscal year actuals to the budget and updates the budget for the current fiscal year.
o This is usually done in February when we have 3rd week numbers for enrollment, housing, and meals.
o We balanced last fiscal year because of savings efforts.
o AVP Sweeney provided copies of the Mid-Year Spending Plan and a handout that explained the changes to the spending plan for each fiscal year.
- David Mariasi will inform Dean Giminez about the government offering the Summer PELL Grants Program for students with need.
- The Mid-Year Spending Plan was posted on the Budget Office website today. The committee should encourage people to go to the site and review it.
State Budget Update
- The state budget will be released next week.
- A letter from Chancellor Carter was sent to each University asking each University to prepare for the future and to submit plans that address four reduction scenarios.
- Other states are having tougher times and have more furlough days than Connecticut.
- We are in the middle of a 2-year agreement with SEBAC regarding furloughs. There is talk of more give-backs, but it is unknown if the give-backs would happen before or after a new Governor is elected.
- The state is a large subsidizer of teachers’ salaries. A reduction in this subsidy to towns will impact municipalities.
- Savings are so critical to maintain any control over our future.
Other
o A Tier III retirement plan
o A golden handshake before Governor Rell leaves
o New hires get 401k’s instead of a pension
- The committee needs to communicate what we discuss in the meetings to their coworkers so that people do not panic.
- Remember, 60% of our revenue comes from students – we need to keep them satisfied.
Next meeting will be Thursday, February 25 at 9:00 in the Connecticut Room, Gelsi-Young Hall
Meeting adjourned at 11:15 am
Respectfully submitted,
Karyl Bulmer
Assistant Bursar for Student Accounts
