Chair William Branch opened the Nov. 19 Faculty Council meeting
by introducing Richard Ward, professor emeritus of psychiatry, who
Branch said will serve as acting representative for Emeritus College
until the council can adopt a more formal method of electing emeriti
representation.
Reporting on an initiative launched in October, Bruce Knauft and
Jim Grimsley suggested holding in February 2003 a series of small,
informal faculty lunches with select student leaders; the goal is
to determine methods for preempting any possible ethnic/religious
tensions related to the Middle East and/or Iraq. President Bill
Chace had urged the council to investigate how faculty could facilitate
such discussions.
Knauft and Grimsley suggested involving Campus Life in the lunches,
which could be a prelude to larger events down the road. They stressed
that the informal gatherings be focused on deciding how best to
handle the situation at Emory, rather than political discussions
geared more toward “solving” international crises.
Interim Provost Woody Hunter briefed the council on budget projections
his office has prepared. With growth in endowment income projected
to slow considerably through fiscal year 2007, Hunter said University
budget officers have asked the Board of Trustees to consider shifting
the current allocation of such income.
For several years, Emory has used a 4.75 percent spending rate for
unrestricted endowment income, with 4 percent going to the education
and general (E&G) budget and another 0.75 percent used to support
capital projects. Hunter said the board is considering shifting
the capital match allocation to 0.375 percent, which would maintain
debt service on existing projects while devoting more money to the
E&G budget.
This shift, while it would not solve the decline in short- to mid-term
endowment income growth, would ameliorate the situation in terms
of day-to-day University operations, Hunter said. It also would
constitute a freeze on unfunded construction for at least three
years. The board’s finance committee is scheduled to discuss
this possibility at its Dec. 5 meeting, according to the provost’s
office.
On a more positive note, Hunter noted that sponsored research funding
continues to grow steadily, even outpacing the budget growth of
some of the funding institutions (such as the National Institutes
of Health and National Science Foundation) themselves.
Updating another project launched earlier in the semester, Sharon
Strocchia reported on the council’s ad hoc committee on communication’s
recommendation for improving the flow of information and discussion
between the council and its constituents, as well as between Emory
faculty as a whole.
The committee identified three possible solutions:
• better use of the Faculty Council website to provide more
information about University governance as well as links to other
governance groups.
• adapting University listservs for use in electronic communication
and discussion of governance issues.
• creation of a LearnLink-type online discussion area, in
which information could be disseminated and exchanged freely among
faculty.
The council decided more study and discussion is needed before acting
on the committee’s latter two recommendations, but the group
voted to begin work immediately on revamping the council’s
website.
In his remarks, Chace, who recently announced he will step down
from the presidency, clarified that he will remain in office “until
my successor is actually sitting in [the president’s] chair,
reading e-mail.” He had initially said he hoped to step down
at the end of the 2002–03 year, but Chace said he will stay
as long as necessary.
William Casarella moved that the council pass a resolution of gratitude
to Chace for his work as president. The council passed the motion
unanimously.
The next Faculty Council meeting will be held Jan. 21, 2003, at
3:15 p.m. in 400 Administration Building.
If
you have a question or concern for Faculty Council, e-mail chair
William Branch at william_branch@emoryhealthcare.org. |