COMMITTEE: University Budget Committee

MEETING DATE: October 16, 2006

PERSON PRESIDING: Cal Christian

REGULAR MEMBERS IN ATTENDANCE: Cal Christian, Michael Poock, Ralph Scott

EX-OFFICIO MEMBERS IN ATTENDANCE: Joe Gaddis, Gary Vanderpool, Henry Ferrell, Rodney Roberts, Carl Morrow, Kevin Seitz,

OTHERS IN ATTENDANCE: Anne Jenkins, Terry Holland, Nick Floyd, Barry Brickman

Actions of Meeting

Agenda Item: Approval of minutes of September 21, 2007 meeting

Action Taken: Unable to approve as a quorum was not present at the beginning of the meeting.

Agenda Item: Report from the University Athletic Department.

Action Taken Terry Holland, Nick Floyd and Barry Brickman were present from the ECU Athletic Department and presented the financial state of affairs of the Athletic Department.

Barry provided the committee with the 2006-2007 budget. Projected income ($21,505,725) and expenditures ($21,505,725) were listed and discussed. One discussion area that Cal brought up was the difference in gate receipts for non-Conference USA games Virginia and West Virginia compared with Conference USA games. ECU plays six home games and the estimated gate receipts for the 4 conference USA games $375,000 are materially different than the $700,000 for the 2 non-Conference USA games. This led to a discussion on the merits of Conference USA and a push for more sporting events in Virginia, Pennsylvania where most of our out-of-state students are from.

Another report presented was a six year analysis of scholarship expenses. For the current year, scholarships are over $5,000,000 which is approximately 25% of the budgeted expenditures. The impact of out-of-state students on the available scholarships was discussed and Terry laid out the plans for addressing this on a sport-by-sport basis.

Terry discussed the Department’s goals concerning future expansion of facilities, fundraising and development of the student athlete at ECU and at the high school level within the State of North Carolina.

Agenda Item: New Business

Action Taken: It was determined at the next meeting Kevin Seitz and Gary Vanderpool will discuss the state of the Brody School of Medicine. Gary will provide a short financial update while Kevin will address his new role in the financial oversight of the School

Agenda Item: New Business.

Action Taken: Cal requested that the committee members provide him with other Departments or College Deans that the committee would like to hear from concerning financial matters.

Next Meeting: November 16, 2006

Submitted by: Cal Christian