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Budget Planning Group Meeting Minutes |
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2/28/06 3 p.m. Room 149-T |
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Type of meeting: Informational
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Facilitator: Bill Miller |
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Attending: Brian Baldridge, Janet
Boeckman, Jim Hull, Jean Jones, Rick Karsmizki, Sharon Miller, and Peg Moir. and
Beth Price |
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Topic |
Discussion |
Action |
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Approval of February
14, 2006 Minutes |
Minutes of February
14, 2006 were reviewed. Janet Boeckman
made a motion to approve as written and Jim Hull seconded the motion. The motion passed unanimously. |
February
14, 2006 meeting minutes were approved.
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Old Business |
Budget Amendment #2 Budget Amendment #02
was explained. The amendment was taken to the Board of Trustees on February
22, 2006 and approved. No additional amendment is expected to take place for
’06. |
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Tabor: Bill distributed
articles for the Committee to read on Taxpayers Bill of Rights issues. |
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Insurance Renewal: o
The College has renewed the health
insurance with Med Mutual. There was a
17% increase in premiums. Vision
remained the same due to the two-year agreement. The employee monthly contribution will
increase effective on the March 15, 2006 payroll. The increase amount information has been
sent to all employees via e-mail. o
Mail order prescriptions for
maintenance drugs will be encouraged beginning March 1. Co-pays will double on the third refill if
not using mail-order for maintenance type prescriptions. This does not apply to certain drugs, i.e.
narcotics as these can not be filled through the mail order service. |
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Taxonomy Committee Recommendations: An article regarding
changes that may be taking place in the near future in the way subsidy is
funded was distributed to committee members to read. If changes take place,
they will affect the ’07 Budget. |
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New Business |
Insurance Considerations: o
Research is taking place on a proposal
to charge employees who smoke an increased premium on health insurance. The
question is not currently on the insurance application form. If implemented,
the question would need to be on the form. Discussion and suggestions followed: o
There was a concern expressed that
employees with other behaviors, such as obesity, alcoholism, etc. that could
cause adverse health situations would have an increase in premium consequence
as well as smokers. o
A suggestion was offered that there
should be a reduction or some reward related to insurance premiums if
employees having these behaviors stopped them though a wellness program. |
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OBR Funding: Bill presented a
PowerPoint presentation and explained how OBR goes about funding higher
education. |
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FY ’07 Budget Planning o
Bill has received revenue projections from
all areas and is in the process of reviewing. Estimates will begin soon on subsidy,
tuition, contact hour revenue, etc. o
Revenue sources were discussed. The Weekend College Program is coming back
soon as well as other off-campus offerings. o
The Mount Vernon Nazarene University
Excel Program has generated revenue of $36,000 during the first four months
of the program locating to the o
Nursing and other educational facilities
were discussed. It was noted that student nurses from the NC State program
are preferred by clinical sites. o
A purchasing cutoff memo has been sent
to the College via e-mail. Purchasing
cutoff date is April 15, 2006. o
2006 projections will be looked at next
meeting. |
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Other: |
Planning
Group Members: Bill distributed a list of committee members
for this year. The
members are: Brian Baldridge, Janet Boeckman, Terry
Coleman, Don Dicke, Carol Easley, Kathy Hamilton, Jim Hull, Jean Jones, Rick
Karsmizki, Teri Kofod, Brad McCormack, Lori McKee, Sharon Miller, Peg Moir,
Beth Price and Mary Rodriguez. |
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Scheduled
Meeting Dates: Bill distributed a list of upcoming scheduled
Budget Planning Committee meetings and
thanked those who attended this meeting. |
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Adjournment |
Meeting
adjourned at 4:20 p.m. |
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Next Meeting |
Next
meeting is: Tuesday, March 14, 2006 at 3 p.m. in 149-F |
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2/28/06
Submitted by: Judy Friend