The President thanked everyone for attending the meeting. He indicated that the university budget is essentially flat. There are a few requests for minor increases in fees relative to last year. He next introduced Mr. Bry to discuss the budget in detail.

Mr. Bry said that assuming the campus appropriations from the state remain level funded and collective bargaining contracts are completed as anticipated; the university will have a comprehensive budget. He discussed the budget narrative in detail.

Ms. Phillips asked about pensions and insurance related expenses. There was a discussion.

Mr. Bry said within the narrative, that the accelerated fully online programs are showing positive revenue. He also commented that information technology demands continue to increase and that it's challenging keeping up with them.

Mr. Irving asked a variety of questions with regards to the budget narrative. There was a discussion on online learning, the supplemental bill associated with collective bargaining, and student success initiatives. Mr. Bry was asked about reserves which he stated remain healthy. He indicated that the university is intentional in how it manages its investment portfolio.

Mr. Bry discussed the operating budget. The technology fee increase would be assessed to all students and will solely be used for technology improvements across campus. The team, which will include Chief Information Officer Steve Swartz, will be charged with developing a multi-year plan to address campus and classroom needs. It is proposed that student parking permit fees will see a small increase.

The university now has two Upward Bound programs supported by a new grant. There was a discussion on International Students, and articulation agreements. There is campus interest in expanding the international student population.

Ms. Barrieau asked how Fitchburg State fees compare to other schools. There was a discussion on fees and our sister schools anticipated fee increases. The proposed campus fees, along with those being proposed by sister institutions will place Fitchburg State in the middle of the cost continuum.
 

The committee thanked the administration for the thoughtful and detailed presentation. Mr. Bry recognized Ms. Mary Beth McKenzie, Assistant Vice President Finance and Administration, and Ms. Heidi Swift, Director of Budgeting for their tireless efforts in putting together the budget. The president thanked the team as well and commended them for their continued good work.