L. Frey suggested that a sub-committee also be formed to do a detailed review of sector budgets and budgets for the centers and institutes. Chair Brown commented that Vice President Chesnut plans to set up a task force to do that within his area. Chair Brown will follow up with him on that and the SBPC will form a sub-committee to review the issue. Vice President for Student Affairs Vice President Hollmann distributed a spreadsheet and reviewed the budgets that fall under her purview and responded to questions. C. Thorne, accountant for Student Affairs, was present to answer questions.
Some auxiliary accounts show net excess revenues over expenditures.
These are used for maintenance, repair, equipment replacement, painting, and capital allocations. We do not put nearly that that amount into our assets. The projection that is shown here is conservative and will be refined throughout the year. A five-year capital plan for the auxiliary facilities is established each year. Directors set priorities and projects are approved depending on the amount that is available for capital projects.