Faculty Finance Committee Minutes
September 24, 2007
10:00 – 11:00
Attendance
Ron Akers, Jane Brockmann, Elizabeth Dale, Alan Dorsey, Mary Ann Eaverly, Judy Page, Paul Robinson
Absent: Chuck Frazier, Ken Wald
Minutes
- The meeting began at 10:00 am. The Minutes from the previous meeting were adopted. The Chair reported that the College Assembly Leadership had accepted our rotation plan for replacing Committee members.
- The Committee discussed whether to elicit further response from the Provost to our original report. It was decided that in light of the College’s current (slightly improved) financial position that the report could stand without further comment from the Provost.
- The Committee then discussed what our role should be in advising the College. It was pointed out that our original mandate was as an advisory committee to the Dean, but that with the ratification of the CLAS Constitution our role should also include advising the College Assembly on budgetary issues.
- The discussion then turned to setting the 2007/2008 priorities for the Budget Committee. Three areas emerged: 1) a hiring plan for “recovery mode,” 2) an algorithm for OE and OPS allocations, and 3) a question of priorities—hiring more faculty versus increasing faculty support. Discussion emphasized that detailed attention should be paid to the role of adjuncts in studying each of these priority areas. It was decided that at our next meeting the Committee will divide into three subcommittees to address these topics in detail.
- The Committee discussed two new financial reports, “Review of UF Financial Resources Compared to AAU Public Universities” and “Report of the Budget Model Allocation Committee,” both of which are available at http://www.aa.ufl.edu/documents/. The Committee agreed that we needed more information before we could issue a response to either of these reports. The Committee was particularly interested in how the data for “Review of UF Financial Resources Compared to AAU Public Universities” were derived since some categories are not truly comparable between UF and the other institutions in the study. It was agreed that the Chair will invite Marie Zeglen from OIR to a subsequent meeting to help us better understand this report and also Dave Richardson, member of the Budget Model Allocation Committee, to discuss how that committee arrived at its report.
- The meeting concluded at 11:15am.
Next meeting
The next meeting will be on Monday, October 9, at 10:00am in the Dean’s conference room.
Respectfully Submitted
Mary Ann Eaverly
Recording Secretary
