Operating budget released

Last month, for the first time in University history, the Board of Trustees passed an operating budget exceeding $200 million. The budget is up $16 million from last year, $11,385,000 of which comes from increased tuition.

On Monday, Maribeth Amyot, vice president for Financial Administration and chief financial officer of Xavier University and Robert Munford, director for Financial Planning and Budgeting, conducted a forum on behalf of the University Planning and Resource Council (UPRC) to discuss the recently passed $201,772,000 budget with members of SGA.

The operating budget was significantly cut after the enrollment target for the 2008-09 school year was missed.

The recent large budget increase was much needed, according to Amyot.

The $16 million increase allows for the addition of 11 new faulty members, bringing the student-to-faulty ratio down to 12.3-to-1 from 12.7-to-1 in 2009.

It also allows for 6.25 new full-time employment (FTE) staff members. The 0.25 is an estimate representing a staff member compensated 0.5 to 0.75 of FTE.

72 percent of the budget is funded by tuition/fees and 12 percent room and board.

The other 10 percent is funded by endowment, athletics and various other sources of revenue.

Members of SGA expressed concern with the University's large dependence on tuition for financial stability.

This dependency is a key financial issue UPRC is currently addressing, alongside limited endowment and flexibility, according to Amyot.

While this is an issue UPRC hopes to remedy, it is not one that is likely to change very drastically in the near future, Amyot said.

The dependency on tuition stems from various key factors, mainly Xavier's lack of grants and medical clinics that many larger universities use as a means of financial support, according to Amyot.

Another key issue is weak endowment.

While donations took a significant dive from $125 million after the 2008 economic crisis, they have since risen to $116 million for the current fiscal year.

Only 4 percent of financial aid is funded by endowment; the rest comes from tuition.

Xavier's ratio of endowment to FTE ranks 22th out of the 28 Jesuit universities in the US and 13th of 14 nearby competitor colleges like Miami University and the University of Cincinnati.

There are plans for a campaign to increase endowment over the next several years, according to Amyot.

While admitting that there are still many gaps to close, Amyot ended the forum emphasizing a balanced budget, aligned resources with priorities and improved financial health overall.

News

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Xavier Newswire

March 23, 2011

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Xavier Newswire

SGA Executives (pictured left to right) Cristin Giacci, Kevin Contrera and Blair Kmetz have accomplished 90% of their original platform.

This Sunday, Xavier's Center for Mission and Identity will host the annual Spirit Celebration in conjunction with the Mass of the Holy Spirit.

The Spirit Celebration symbolically marks the beginning of the new academic year and follows a several-hundred-year-old Jesuit tradition of uniting people of all faiths and traditions to pray for blessings in the new school year.

Several schedule changes will occur around campus on Sunday in honor of the celebration, including the closure of the Hoff Dining Hall from 11 a.m. to 4 p.m. and the cancellation of the 4 p.m. and 10 p.m. Masses so that everyone can attend the Mass of the Holy Spirit at noon.

The Mass will be located in the Cintas Center Banquet Room and University President Father Michael J. Graham, S.J. will preside.

In lieu of the Hoff Dining Hall, a picnic-style brunch will be served at 1 p.m. on the Cintas Center concourse.

The brunch will be accompanied by a variety of entertainment, including the XU Pep Band, Steve Boller (XU student & guitarist), jugglers, stilt walkers, magicians and a variety of animals from the Cincinnati Zoo.

The Bengals and Patriots game scheduled at 1 p.m. is also planned to be broadcast live throughout the Cintas Center concourse during brunch.

By david maxwell

Staff Writer

News

"It's easy to stay up until two in the morning, even on Saturday nights, when you are doing work that you enjoy."

-Senior SGA Executive President Kevin Contrera

Midterm election results

SENATE FOR OHIO

Portman

Fisher

OHIO 01 COUNTY

Chabot

Driehaus

OHIO 02 COUNTY

Schmidt

Yalamanchili

OHIO 04 COUNTY

Jordan

Litt

OHIO 05 COUNTY

Latta

OHIO 06 COUNTY

Johnson

OHIO 03 COUNTY

Turner

Roberts

OHIO 07 COUNTY

Austria

OHIO 08 COUNTY

Boehner

OHIO 09 COUNTY

Kaptur

57%

57%

52%

45%

59%

34%

57%

57%

57%

57%

68%

50%

63%

66%

59%

Dem.

Rep.

Dem.

Rep.

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Dem.

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March 23, 2011

LKASJDFO;WIEJFL;KASDJL;SD

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photo courtesy xavier.edu

Football brings second perspective to XU research on sports psychology

Over the summer, the library will be undergoing renovations including new carpeting, furniture and a fresh coating of paint.

Newswire photo courtesy of Andrew Matsushita

Staff Writer

Assist. News Editor

Features Editor

The Newswire strives to keep the integrity and honor of all of the articles we publish.

In an effort to better the paper, please tell us if you find corrections thatneed to be made.

We appreciate your help in making the Newswire a better newspaper.

According to the University Planning and Resource Council, Xavier has an operating budget of more than $201 million for fiscal year of 2012, the highest seen at Xavier, 90 percent of which came from tuition, fees, and room and board costs.

Newswire graphic courtesy Jake Heath

Marc Elliot encouraged students to "live and let live."

photo courtesy of colby-sawyer.edu

Staff Writer

Wonderful apartments across from campus. June or August for summer and/or NEXT year. ONE bedroom up to FOUR bedrooms. cincivegan@juno.com

Large 6-7 bedroom house available for next school year. This house has: Four full baths, a 30x16 living room, a 50x 8 covered porch that overlooks Victory Pky, Super house for college students! $1300 604-5159.

Description: FREE UTILITIES and only $375 per person! Newly renovated! Large 3 bedroom & 5 bedroom 1 & 2 bath apt. only ¼ mile from campus. This apartment is part of a grand mansion that features: Great kitchen and large private bedrooms, newer appliances,new flooring, laundry room, cable ready, plenty of parking. These apts are very big with lots of space. Will not last!

Contact: Seth 513-383-9435 or Sgdimling@aol.com(Available August 2011!)

Available for 2011 school year. 5 houses one block from campus. 2, 3, and 4 full size bedrooms. Large houses, walk to campus, other student housing immediately next store. Laundry, fully equipped kitchens, plenty of parking, clean and well equipped.

513-616-3798 or email doug.spitz@cbws.com for information.

In-home nanny needed for newborn. 20 hours per week, Tu - Fr afternoons. Start June 1st. References & drug screen required. $10/hour. Call Carolyn 513-703-5668 or email resume to Crolfes@PotterhillHomes.com

Pressure Washer/Supervisor needed - pay starting at $13 per hour plus commission - please call 513-430-1700 if interested.

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