Provost Duncan responded that we are not changing our teaching loads. He pointed out that the faculty in Arts and Sciences want this to go to the Board. If the Board knew that the faculty were ready to all work hard to solve these problems, they might be ready to do something to bridge over the current difficulty. President Donaldson stated that he would be happy to present this sentiment to the board but having worked with them for 5.5 years, he knows that they take budget deficits, of any size, seriously. Two major foundations will not let you in the door if there any deficits within a 5 year period.
Deficits have major consequences.
He also added that there are no emergency funds in the University. Vic Udwin asked about the property acquisition and landscaping funds. President Donaldson responded that these were from restricted grants mostly from the Chapman Trust and specifically targeted for that project. Bill Coberly moved that the resolution be accepted as a report from Arts and Sciences and be sent to the Senate Financial Affairs Committee to convey the resolution to the Finance Committee of the Board when they meet. Don Henry seconded the motion.