BUDGETARY AFFAIRS SUBCOMMITTEE

Minutes

DATE: February 16, 2000
TIME: 11:00 am
PLACE: ET 206

CHAIR: Thomas L. Guthrie, Chair
MEMBERS PRESENT: Robert A. Barrett
                                          Thomas L. Guthrie
                                          Peter Iadicola
                                          Mark F. Masters
                                          David L. Oberstar
                                          Richard A. Pacer
                                          David J. Thuente

MEMBERS ABSENT: George W.M. Bullion

GUESTS: None

BUSINESS:

    1. Unanimously agreed to submit questions to the general good and welfare section of the Senate relative to possible restructuring of payments to the 18-20 retirement obligation available to many IU faculty on the IPFW campus. The desire is that all IPFW faculty have an opportunity to be informed on the issue. Questions submitted are as follows:
It is understood that Indiana University is in negotiation with IPFW to restructure the future funding of the 18-20 retirement benefit eligible to most IU faculty on this campus. If negotiations have been completed:

A. What are the details of the restructured model--especially in relation to the current model?
    1. What is the annual projected cost of the new model over its lifetime?
    2. What are the projected sources of funds for covering the projected costs?
    3. Regardless of the details of the restructured model--including a Purdue University buyout, will qualified IPFW faculty retain the right to exercise any future changes in options Indiana University may offer faculty?
    4. If negotiations have not been completed, please answer the four questions above relative to the model currently being discussed.
    5. Finally, how much has IPFW paid into the 18-20 retirement benefit to date, and how much has been paid out to IPFW faculty eligible for the benefit?
      2. After discussion concerning the potential implications of implementing lectureships at IPFW
          (according to policy adopted at West Lafayette) and changing to NCAA Division I, BAS
          unanimously adopted a resolution as follows:
Per the previous BAS recommendation in the BAS year-end recommendations to the administration,(Senate Reference No. 96-35, April 21, 1997 Senate Meeting), that "All new initiatives involving the commitment of significant recurring funds (suggested level $50,000) should be presented, early in the formative stages, to the BAS for analysis of financial impact." and

Whereas, the budgetary implications of implementing lectureships at IPFW could be well in excess of $50,000, and

Whereas, last year's increase in student fees for athletics was well in excess of $50,000, and

Whereas, the cost of moving to NCAA Division I will be well in excess of $50,000;

Therefore, be it resolved that:

The lectureships will not be implemented until the BAS has reviewed and reported on the funding.

The application for NCAA Division I status will not be submitted until the BAS has reviewed and reported on the funding.

 The resolution is to be forwarded to URPC. 3. Having been informed by VC Branson that negotiations with IU-Bloomington over disputed central service charges have been completed, and that disputed payments being held in escrow are now available for spending, BAS adopted a resolution as follow: Please be advised that IPFW has completed negotiations with Indiana University relative to services previously provided to this campus. In the course of negotiations, service payments to IU were withheld. At the time negotiations were completed, the escrowed account had approximately a million dollars that was not part of the settlement. BAS has been informed that a portion of the account has been used as a match for grants; however, approximately $750,000 is now available for nonrecurring projects. The BAS suggests that Faculty priorities be established for the spending of this nonrecurring money. The BAS volunteers to do this, but seeks direction/endorsement from the URPC. The resolution is to be forwarded to URPC. CLOSING:

Adjourned: 12:20 p.m.
Next Meeting: March 1, 2000
Items Pending: None
Distribution: Secretary of the Faculty
                      All B.A.S. Members
                      All Guests in attendance
                      BAS Web Site