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FEATURE 1 CONTENTS JOBS: 10 12 Looking Back... JL Jl^ NEWS: Chen wins major FEATURE: Students plan Texas CALENDAR: award, Balabkins honored, town 6 Cornerstone laid for . ll At&T gets corporate award 1-3 SOUTH MOU DEPARTMENT: Property MAN THE 1 EVENTS: Randal! Robinson to Management 7 There will be a NTAINEER: ORPEOOESi sinking when speak, art exhibit, film series, the undefeatec I Engineers music 4-5 PEOPLE: Ruth Kneller profiled, go against NA\ Tin wrestling Ott PH&*- ■*■-*■ mmmt milestones, achievements 8-10 on Saturday 13-16 sout: fflMTOfflffl'Bfl LEHIGHWEEK Volume 8, Issue Anne Thomas reads the "Sermon on the Mountaintop" from the New Testament. For the Campus Community January 25,1995 Lehigh observes Martin Luther King birthday Beffisford Booth shares his selected reading during one of Lehigh's observances of Martin Luther King's birthday. The Lehigh community gathered to read poems, plays, texts and scripture at noon in the Great Room of the Ulrich Student Center on Jan. 19. photos by Trae Pattonm '98 Challenges discussed in open budget process by William J. Johnson, Writers' Group Lehigh's annual budget meeting, canceled last year because of snow, was held last Monday in Perella Auditorium with spring-like temperatures outside. The drastic Undergraduate Tuition (actual) 90 i 80 c o 70 60 50 is 40 82.90 Revenue 44.50 CO op 00 en cp cb CO o CD l 05 CO CO i o CO CM CJ) CO CO co ■ CM CJ) I CO in I ■sr * CD CO in en * Source: Treasure's Office 94-95 estimated *95-96 budget temperature difference could have been a metaphor for the increasing financial heat facing higher education, or for a warmer, more open budget process here on campus. For the first time, all faculty and staff were invited to the meeting, not just department heads. They heard a thorough explanation of how the 1995-96 budget developed from a different process led by the University Council, which has representatives from every area of the university. Budget Director Jim Tiefenbrunn reviewed how the budget model evolved over several months. The process, he said, included various iterations, trade-offs between line items and consultation with the finance and executive committees of the board. The major budget parameters were approved January 13 by the board of trustees. Included were faculty and staff salary budget increases averaging 3.75 percent (including special raises for promotions) and benefits increases of about 5 percent, so that total compensation increases will average about 4 percent. All raises will be based on merit and vice presidents will have discretion in administering them. The approved budget developed from one that projected a $2.3-million deficit in September. By decreasing expenses, the University Council was able to balance the budget model by December 19. "These annual adjustments to the budget model are necessary largely because the growth in unrestricted revenue sources has been less than desired," said Tiefenbrunn. "The net realized revenue from undergraduate tuition has grown slowly because ofthe need to substantially increase financial aid to keep Lehigh competitive in attracting the best students. "There also has been a planned downward trend in undergraduate enrollment numbers. Also, the net realized revenue from graduate tuition has been decreasing or stagnant. While the budget revenue from indirect cost recovery on research grew in the early 1990s, it is now decreasing." President Peter Likins said "Getting Even Better" committees this year will be looking for ways to make work processes more efficient. He said Lehigh also needs to consider whether there are things the university should simply stop doing. He added that Lehigh is still healthy relative to its competition. But everyone, he said, should be concerned with attracting more high-quality students. continued on page 2 LEHIGH UNIVERSITY LehighWeek Office Linderman Library 30 Library Drive Bethlehem, Pennsylvania 18015-3067 MARIE C. BOLTZ UNIVERSITY LIBRARIES RM.306 LINDERMAN LIBRARY NO. 030 NON-PROFIT U.S. Postage Paid Permit No. 230 Bethlehem, Pa. 18015
Object Description
Title | LehighWeek Volume 08, Issue 15 |
Subject | Lehigh University--Periodicals |
Description | Reports on the past week's news, and schedules of upcoming events, at Lehigh University. Thirty issues yearly, published weekly, except for vacations, during the school year, and once or twice a month during the summer. |
Creator | Lehigh University. Dept. of University Relations. |
Publisher | Lehigh University |
Date | 1995-01-25 |
Type | Text |
Format | newsletters |
File Format | image/tiff |
Extent | 12 pages |
Dimensions | 38 cm. x 28 cm. |
Identifier | SC LSer L522 V8 N15 |
Language | Eng |
Rights | http://rightsstatements.org/vocab/InC/1.0/ |
Catalog Record | https://asa.lib.lehigh.edu/Record/304229 |
Description
Title | [Front cover] |
Identifier | SC LSer L522 V8 N15 001 |
Language | Eng |
Rights | http://rightsstatements.org/vocab/InC/1.0/ |
Catalog Record | https://asa.lib.lehigh.edu/Record/304229 |
Full Text | FEATURE 1 CONTENTS JOBS: 10 12 Looking Back... JL Jl^ NEWS: Chen wins major FEATURE: Students plan Texas CALENDAR: award, Balabkins honored, town 6 Cornerstone laid for . ll At&T gets corporate award 1-3 SOUTH MOU DEPARTMENT: Property MAN THE 1 EVENTS: Randal! Robinson to Management 7 There will be a NTAINEER: ORPEOOESi sinking when speak, art exhibit, film series, the undefeatec I Engineers music 4-5 PEOPLE: Ruth Kneller profiled, go against NA\ Tin wrestling Ott PH&*- ■*■-*■ mmmt milestones, achievements 8-10 on Saturday 13-16 sout: fflMTOfflffl'Bfl LEHIGHWEEK Volume 8, Issue Anne Thomas reads the "Sermon on the Mountaintop" from the New Testament. For the Campus Community January 25,1995 Lehigh observes Martin Luther King birthday Beffisford Booth shares his selected reading during one of Lehigh's observances of Martin Luther King's birthday. The Lehigh community gathered to read poems, plays, texts and scripture at noon in the Great Room of the Ulrich Student Center on Jan. 19. photos by Trae Pattonm '98 Challenges discussed in open budget process by William J. Johnson, Writers' Group Lehigh's annual budget meeting, canceled last year because of snow, was held last Monday in Perella Auditorium with spring-like temperatures outside. The drastic Undergraduate Tuition (actual) 90 i 80 c o 70 60 50 is 40 82.90 Revenue 44.50 CO op 00 en cp cb CO o CD l 05 CO CO i o CO CM CJ) CO CO co ■ CM CJ) I CO in I ■sr * CD CO in en * Source: Treasure's Office 94-95 estimated *95-96 budget temperature difference could have been a metaphor for the increasing financial heat facing higher education, or for a warmer, more open budget process here on campus. For the first time, all faculty and staff were invited to the meeting, not just department heads. They heard a thorough explanation of how the 1995-96 budget developed from a different process led by the University Council, which has representatives from every area of the university. Budget Director Jim Tiefenbrunn reviewed how the budget model evolved over several months. The process, he said, included various iterations, trade-offs between line items and consultation with the finance and executive committees of the board. The major budget parameters were approved January 13 by the board of trustees. Included were faculty and staff salary budget increases averaging 3.75 percent (including special raises for promotions) and benefits increases of about 5 percent, so that total compensation increases will average about 4 percent. All raises will be based on merit and vice presidents will have discretion in administering them. The approved budget developed from one that projected a $2.3-million deficit in September. By decreasing expenses, the University Council was able to balance the budget model by December 19. "These annual adjustments to the budget model are necessary largely because the growth in unrestricted revenue sources has been less than desired," said Tiefenbrunn. "The net realized revenue from undergraduate tuition has grown slowly because ofthe need to substantially increase financial aid to keep Lehigh competitive in attracting the best students. "There also has been a planned downward trend in undergraduate enrollment numbers. Also, the net realized revenue from graduate tuition has been decreasing or stagnant. While the budget revenue from indirect cost recovery on research grew in the early 1990s, it is now decreasing." President Peter Likins said "Getting Even Better" committees this year will be looking for ways to make work processes more efficient. He said Lehigh also needs to consider whether there are things the university should simply stop doing. He added that Lehigh is still healthy relative to its competition. But everyone, he said, should be concerned with attracting more high-quality students. continued on page 2 LEHIGH UNIVERSITY LehighWeek Office Linderman Library 30 Library Drive Bethlehem, Pennsylvania 18015-3067 MARIE C. BOLTZ UNIVERSITY LIBRARIES RM.306 LINDERMAN LIBRARY NO. 030 NON-PROFIT U.S. Postage Paid Permit No. 230 Bethlehem, Pa. 18015 |
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