Spring Issue 9: March 29, 2016

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ISSUE 9 MARCH 29

SPRING 2016

BUDGET CRISIS Photo by Ebube Ubochi The John E. Miller Office Building: the center for administration at Florida Tech.

Florida Tech experiences revenue shortfall, uncertainty

Administration has been working to keep the effects of a $7.5 million revenue shortfall from being felt on campus from last fiscal year, while also trying to predict next year’s revenue more conservatively in order to not make the same mistakes. “We made some commitments based on the revenue that was predicted based on the finance department predictions that were ill-advised; really, and truly ill-advised, because there were not funds there to cover all those things,” said

Executive Vice President and Chief Operating Officer T. Dwayne McCay. That mistake was a simple one: the fiscal year runs from May 1 to April 30, but the two main influxes of money — tuition — are in August and January. The finance department, however, must guess at how much revenue the university will make, and they don’t know if they guessed correctly until they have the data to show for it in September, according to McCay. “The finance department last year were overly

ambitious with regard to guessing or estimating the revenue. And much more so than they should have been,” McCay said. “So that caused an over-zealous hiring of faculty.” President Anthony Catanese wasn’t available for available for interview but released an emailed statement. “The budget situation for FY16 is complete, and we will end the year on 30 April 2016 on target with no deficit. This is positive for students in that we can keep the tuition increase to

a very small cost of living (HEPI) increase for FY17. Dr. McCay is finishing the FY17 Budget which he will administer,” he said. Catanese also spoke to over 100 students at the Student Leader Luncheon on March 21, held by the Student Government Association, about the issue and answered many questions raised by students. In order to take care of last year’s budget crisis, McCay and other members of administration reduced expenditures: he got rid of contingency funds and

eliminated the surplus they were anticipating. McCay also has a significant research equipment fund that has $1.5 million per year in which he had to zero out, and he also did away with a faculty equity fund. Along with zeroing these accounts out, tuition is going up 3 percent in Fall 2016 — but 2.1 percent is inflation for the cost of living increase, (the HEPI explained in Catanese’s statement). // REBEKAH DUNTZ EDITOR-IN-CHIEF

11th annual Relay For Life brings people together for cancer research

Cancer survivors walking with a banner. Photo by Ben Goess. Almost 100 joined together in Clemente for an annual all-nighter on March 25. All for cancer research. Relay for Life is an annual event in which

people donate money and then join together to stay awake throughout the night. The premise of the all night event, which starts at dusk and ends at dawn,

is to detail how a cancer patient goes through their experience, starting with the initial diagnosis and ending with the treatment of cancer.

The relay, and the many laps walked throughout the night, symbolizes the battle of a cancer patient. The Relay ends as the sun rises, bringing a new day for every cancer patient, survivor and caregiver. Sponsored by the American Cancer Society, the event was run by Florida Tech students Samantha Hodge and Ariana Tate. Along with the Relay For Life Committee, who were all dressed in red, the duo tirelessly worked to run a successful and lively event

in order to raise money for cancer research. This event, the 11th annual Relay For Life cancer research fundraising event at Florida Tech, was hosted by Colleges against Cancer. Michael Fenn, faculty adviser for Colleges against Cancer opened the event with a brief speech. Florida Tech ROTC (Panther Battalion) presented colors, and finally, admission // BENJAMIN GOESS CONTRIBUTNG WRITER

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In this issue Women's History Month: Dr. Joni Oglesby SGA Election Guide GRIMSON: Happy 1st.

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