James M. Buchanan, Nobel Laureate, will be on campus April 25
talking about economics and his theory of economics.
The dedication of the Mining and Minerals Resources Building will
be held on Friday, April 8, and Senator Wendell Ford will be in
attendance to preside over the building dedication. President
Roselle noted that Mr. George Evans, Secretary of the Energy
Cabinet, will also be a participant.
William G. Moody, Professor, Department of Animal Sciences, has
been appointed Academic Ombudsman for 1988-89 and succeeds
Professor William H. Fortune, College of Law. President Roselle
explained that Professor Moody will continue an 18-year tradition
by faculty members of handling issues of an academic nature
involving students, faculty and administrative staff when
problems arise. Professor Moody was asked to stand and be
recognized, following which he was given a round of applause.
F. Rudget Update
In opening his presentation, President Roselle reminded the Board
of the bleak budget update given to then at the previous Board meeting.
He stated that he wished to familiarize the members with some of the
planned initiatives by the administration in dealing with the difficult
budget and the flexibility to undertake these initiatives. He pointed
out that the number one priority for the budget is salary increases for
faculty and staff.
President Roselle explained that the last legislative session was
difficult in the sense that there was not enough revenue available to
adequately fund the programs of the Commonwealth. In particular,
faculty and staff salaries were funded at an annual rate to reflect a 2%
increase the first year and a 5% increase the second year of the
biennium. He added that despite the disappointment of a less than
adequate response to the administration's request, the legislature was
very helpful to the University. He noted that in addition to
recognition of faculty and staff salary increases, the legislature did
the following: (1) provided support for opening new buildings, (2)
provided support for special initiatives in the College of Engineering,
(3) supported the Japanese Saturday School, (4) authorized debt
financing for a business and economics building, (5) authorized a
renovation project associated with an older building, (6) authorized
debt financing for several community college projects, and (7) provided
nearly S1 million for support of Agriculture Extension activities. He
pointed out that all of these initiatives are important and needed.
President Roselle stated that the budgetary situation is better
than previously indicated to the Board and expressed appreciation to
Governor Wilkinson, members of his staff, and members of the
legislature. He also expressed appreciation to the members of the
Board, the alumni, faculty, staff, and students for their involvement in
helping bring about a better budget for the University.