Members

Vice President for Business Affairs	Mr. Leo J. Danylak (Chair)
Director of Fiscal Affairs	Mr. Kevin J. May
Budget Manager	Ms. Nancy C. Swift
Representative of the Academic Council	Dr. Ronald Bulbulian
Representative of the Faculty Senate	Dr. Jay P. Clymer
Representative of the Faculty Senate	Dr. George T. Haskett
Represenative of the Professional Staff Senate	Mr. James G. Ceccoli
Representative of the Professional Staff Senate	Mr. Frank T. Falcone
Representative of the Support Staff Senate	Bruce Abbott
Representative of the Support Staff Senate	Art Frank
Dean of Students	Dr. Donald Godwin

Meetings
The Budget Committee met three times during this Academic Year.

Accomplishments
The focus of the meetings was mainly to give the committee members an understanding of the budget process at Marywood, and to give them detailed information about the budget. Now all members have a good understanding of the budgeted amounts for this year and for next year such that they can share the information with their areas.

The secondary focus of the committee was to discuss ideas for increasing revenues and decreasing expenses. The Committee also briefly reviewed some of the revenue enhancement recommendations made by Noel Levitz. Below are some of the suggestions for further study that may increase revenues or decrease expenses.

• Increasing Summer Enrollment was the one revenue enhancement idea that was discussed the most. Some ideas included moving to a Summer Trimester such that students may have the option of taking it as one of the two semesters in a year or to take all three trimesters to finish their degree requirements in a shorter time. Consideration might also be given to special pricing for the summer for our regular students who pay the bloc tuition during spring and fall. Limiting the number of credits that students can take elsewhere over the summer could also be a possible way of increasing summer enrollment. Another suggestion was that the compensation for faculty might need to be adjusted to encourage more summer offerings. Overall the feeling was that we have the facilities during the summer and we could better utilize them by having classes all summer.
  
  
• Venture Fund / Incentives were also seen as a high priority. The idea of rewarding departments with successful programs by giving them some of some of the net income earned was seen as a good incentive for more development.
  
  
• Growth of Graduate Enrollment from Marywood Undergraduates was also thought to be a good idea for some but possibly not all programs. Procedures could also be streamlined for current undergraduates who apply for Marywood Graduate programs such as the elimination of the need for formal letters of recommendation from Marywood Faculty, waiving the Registration Fee, etc.
  
  
• Early Retirement Program may be a source of savings as it has proven to be such at other institutions. Another thought was for having unpaid leaves for full-time faculty. Coverage of teaching while on leave would be by adjunct faculty.
  
  
• Reduction of Tuition Discounts was suggested and some of the changes currently being implemented to reduce the discounts were announced to the committee. In the same vein, it was suggested that some additional discounts might be needed for some graduate programs such as Social Work or perhaps a lower tuition rate because of competition.
  
  
• Fees for Facilities and Services were also mentioned such as increased rental of spaces like the PAC and charging for riding on SMARTRIDE. Purchasing a bus to eliminate the need for renting buses was also mentioned.

The Budget Committee will reconvene early in the fall semester to provide input into the budget process for 2005-2006.

Submitted by

Leo J. Danylak
Vice President for Business Affairs and Treasurer

November 10, 2004