Budgets and Fiscal Planning Committee

Voting members present: Jonathan Fram, Natasha Gaspar, Jeff Luck, Filix Maisch
Voting members absent: Mary Gardner, Joe Page

Program Proposals

• Merchandising Management Undergraduate Major (BS, HBS), #518 – Change Undergraduate Major
  • No budgetary impact - They are using underutilized courses, so the expenses are minor; relies largely on existing resources and FTE.
  • The ENG budget allocation is going to change next year, so it’s undefined how much they may take in next year but there is unlikely to be much risk.

Action: Jeff Luck motioned to approve; seconded. The motion to approve passed unanimously.

• Supply Chain and Logistics Management Graduate Major (MS), #850 – New Graduate Major
  • Also makes use of existing resources and FTE but anticipates generating new enrollment.
  • They are not anticipating a negative impact; the dean has approved the budget and will back the program if there is a deficit.
  • Some projected revenues would be helpful if they are expecting new students, but no information is provided.
    • If they meet their growth goals, they may need new faculty in the future.

Action: Jeff Luck motioned to send back and request that they fill out the budget spreadsheet with accurate projections of revenue; seconded. The motion passed with four votes in favor, 0 votes in opposition and 0 abstentions.

Report Back from University Budget Advisory Committee

• Ongoing discussion around tuition increase with adjustments for inflation and cost of living.

Other

• No other business.