CBC MEETING JANUARY 25, 2005
CBC Agenda
January 25, 2005, 10 to 12
Board of Trustees
Meeting Summary
Facilities Rate (Attachment I)
- In spite of a lot of work, the Facilities rate is calculated to increase at 11.2%.
- Primary cause is the energy increases @ 25%.
- Operating budgets have been reduced to minimize the rate increase.
- Facilities continues to make operating cuts.
- Housekeeping outsourcing is budgeted to include no fringe benefits for the employees. To include fringe benefits increases the costs $200,000 to $300,000.
Academic Affairs Assessment (Attachment II)
The assessment rate will increase at 3.1%, but because of one-time costs in FY05 the academic affairs operating budget will increase 6.49% in FY06. With this increase, AA will need to make $90,000 of budget cuts. This funding level will not give them any additional funding for the Academic plan.
General Administration Assessment (Attachment III)
- The RCM formula calculates a rate increase of 6.48%.
- Based on the financial situation we should cap the general assessment rate. But at what?
- UNH Revenue is budgeted to increase @ 4.90%
- UNH Expenses are budgeted to increase @ 5.5%
- Capping the rate at 4.9% would return $462,000 to the RC units, and result in administrative cuts. More work would need to be done to determine the impact.
VP Research and Public Service strategic plan. (Attachment IV)
