MEMBERS PRESENT:
Bernie Goldstein	Chair, Provost & Chief Academic Officer
Jen Minnich	Student Representative
Karen Thompson	Faculty Representative
Jaime Holian	Student Representative
Audrey Thorp	Student Representative
Sue Foley	Staff Representative

MEMBERS ABSENT:
Tara Whiteside	Student Representative
Noel Byrne	Faculty Representative
Jason Spencer	Student Representative

STAFF PRESENT:
Katie Pierce	Committee Staff, A.V.P. of Academic Resources
Larry Schlereth	Committee Staff, V. P. for Administration & Finance

GUESTS PRESENT:
Erik Dickson	Executive Director, Associated Students

MATERIALS DISTRIBUTED:

At the Meeting: Agenda Minutes from 12/19/02 and 1/27/03

MEETING AGENDA: I. Approval of Minutes from 12/19/02 and 1/27/03 II. Memo from Jason Spencer III. Adjourn

Chair Bernie Goldstein convened the meeting at 5:25 p.m. Pizza and beverages were served.

The agenda was adopted by consensus with no changes.

I. Approval of Minutes December 19, 2002 and January 27, 2003

Minutes of both meetings were approved as presented although a few typographical errors were noticed. Katie Pierce will have the errors corrected before the minutes are posted on the web.

II. Memo From Jason Spencer

The Committee reviewed Spencer's memo regarding his concern that cost of living salary adjustments in Athletics might, at some point in the future, exceed the indexed increases in IRA fee revenue, and require that funds intended to support other programs would have to be redirected to Athletics. Through discussion FAC members expressed their general agreement with his concerns. Jen Minnich will work with Jason to develop a resolution to be presented at a future meeting.

III. Adjourn

Chair Goldstein adjourned the meeting at 5:45 p.m. Members of Group A left and Group B convened to begin its work.

Minutes respectfully submitted by,
Katie Pierce, AVP for Academic Resources