Brown and White Vol. 94 no. 14

              lehigh university brown and white vol 94 — no 14 bethlehem pa friday october 22 1982 215)861-4184 cohen drafting kappa sig charges by scott cagan and kathy goldstein the university committee on disci pline is presently drafting charges against kappa sigma fraternity for an alleged incident six weeks ago robert cohen associate dean of students and case officer for the university has announced the district attorney's office how ever has determined that there is no basis for criminal prosecution in the case according to cohen who said he received a letter from the da's office university president peter likins said at wednesday's forum xiii meeting that although it is the judgement of the district attorney's office that there is no basis for criminal charges the univer sity should continue to investigate we should continue to look seriously into the allegations likins said pre cisely the nature of the charges hasn't yet been determined but dean cohen has this very much at the top of his agenda cohen refused to disclose the nature of the charges being drafted but said they are based on the corporate responsibility clause in the law of the campus of the student handbook the corporate responsibility clause states according to the lehigh handbook ". . any such living group or organiza tion may be held accountable for the actions of any of its members if the mis conduct is in any way related to the living group or organization ..." likins said at the forum meeting that he had spoken at the interfraternity council ifc)-panhellenic council panhel meeting several weeks ago with a well-perceived fervor of the importance of corporate responsibility he emphasized the importance of peo ple in a given fraternity house recogniz ing that they have a collective responsibility to make sure that things don't get out of hand that nobody gets a beer bottle busted over his head and that no woman finds herself assaulted or in some indispensable position kappa sigma president doug paul 83 said wednesday that he is not sur prised by the district attorney's offi ce's decision to drop its investigation there's no evidence just rumor paul said he added that cohen has met individually with the other members of the house but said he did not know what was discussed likins also discussed at the meeting the importance of preventing occurren ces of problems in the future it is my proper role to worry about the future to worry about recurrences of problems he said referring to several incidents in the spring of bl likins said i am alert to the dangers of anything that might seem to be a recurrence of that ugly mood of that spring opi photo robert cohen stabler deficit cuts into enterprises surplus by jim creedon the university's six auxiliary enter prises had a combined surplus of 640,725 even though one of its enter prises stabler arena lost almost 100,000 according to a financial report for 1981-82 released last week by the treasurer's office stabler arena with its 93,479 deficit was one of two auxiliary enterprises that suffered losses in 1981-82 the economy has not helped us at all said university vice president and treasurer john woltjen he said the pub lic has not been as responsive to the offerings at the arena as had been expected in the financial report woltjen wrote that for stabler arena the amount of financial support from the university revenues decreased from a high of 189,145 in 1979-80 to 93,479 in the past year he adds we believe the amount of support required from the university will decrease in the coming years the money to make up for the loss at stabler was transferred from the gen eral operating budget according to woltjen this budget is made up of tui tion gifts and grants and endowment earnings he said the second auxiliary enterprise concessions suffered a loss of 538 in 1981-82 according to the report the report listed surpluses in several other areas the university bookstore showed an 80,388 surplus for the fiscal year 1981-82 according to the report the surplus for the bookstore was transferred to an account called repair and replacement reserve and will be used according to woltjen for neces sary improvements to the bookstore the university's premise according to woltjen is that the user of today pays for the replacement and rejuvenations of the facility in the future he said that taylor renovation scheduled pending approval by anne white renovation of taylor hall is scheduled to begin in may 1983 pending approval from president peter likins and the board of trustees according to kurt salsburg assistant director of resi dence operations renovation would continue from may through the 1983-84 academic school year and summer of 1984 according to salsburg 169 students are presently housed in taylor and the renovated hall will house 155 students even though taylor is structurally sound major renovation is the best course for the building in light of what is needed salsburg said there will be cosmetic improvements and structural changes to improve the design of the rooms in addition to electrical and plumbing improvements taylor hall has been a priority in the residence operations office for the last couple years salsburg added staff from the dean of students office the residence area coordinators and warren soare associate dean of stu dents have been working on a plan to house residence halls students displaced by the proposed taylor renovation itis a complicated situation soare remarked the renovation will affect both the male/female ratio and the upperclass men/freshmen ratio in the residence halls he said the housing situation will be tight " commented soare but added that the university will still hold to the policy of trying to guarantee all freshman housing approximately the same number of upperclassmen both male and female will be in the residence halls the final decision and plan will be made public well in advance o f the hous ing lottery " soare said so there will be ample opportunity for the student's to decide on their housing choices salsburg said the plan which includes turning some freshmen floors into upper class floors and vice versa also desig nates the conversion of former temporary housing sites in study rooms and the lounges and libraries of centen nials to permanent housing capacity in some suites of brodhead and trembly park will be increased from four to five people he stated we want to inconven ience as few students as possible he added that in the process they do not want to place the burden on only the freshmen or upperclassmen the projected cost of the renovation is between 1.5 and 1.8 million said pat chase associate director of physical planning a final decision has not been reached as to where the funds for the project will come from kurt salsburg explained that if necessary residence operations will fund the renovations through reserve funds and a long-term budget projection the budget allows the payments for the renovation to be spread over a 20-year period so one class w ill not be burdened by the expenditure endowment value linked to market the university's endowment fund yielded a negative 4.39 percent over 19 months after being turned over to pri vate money managers due to depressed economic conditions according to the university's 1981-82 financial report the 4.39 percent decline is for the period from dec 1 1980 to june 30 1982 in comparison a portfolio of 500 securi ties compiled by standard & poor's dropped 15.07 percent the report states from june 30 to sept 30 however the value of the endowment increased over 6 million as the stock market rallied according to john woltjen university vice president and treasurer according to woltjen who submitted the financial report the initial performance of the money managers was not alarming due to economic conditions you have to take all your peaks and valleys and average them out he said naturally however there is some dis appointment when you're in the valley according to woltjen the university has set a 15 percent long-term goal for total return on endowment seven per cent yield and eight percent growth on principal although he said he does not expect the money managers to reach the long-term goal this year he said their return will be positive by year's end in december of 1980 the university made the decision to enlist the services of three professional money manage ment firms first manhattan general american investors and capital guard ian trust the reason woltjen cited for the change was that it was difficult for the university to keep up to date w ith the intricacies of the stock market tb&w photo by dann determan john woltjen see university page 6 see stabler page 8