President's Cabinet Meeting
January 22, 2003

Attendees: President Ivory V. Nelson, Vice President Grant D. Venerable, Vice President Howard E. Merlin, Vice President Michael B. Hill, Dean Jerryl Briggs, and Ms. Diane M. Brown

Minutes of the January 16, 2003 Cabinet Meeting were approved.

Auditor General's Statement of Appropriations Earned Audit Report The Department of Education has reviewed the Statement of Appropriations Earned Audit Report of Lincoln University for the year ended June 30, 2001. Their review has established there are no findings or recommendations. Therefore, the Department considers this audit to be closed.

Internal Auditor Review of the 2001-2002 Financial Aid Records An audit of Financial Aid for the 2001-02 academic year consisted of a review of 10% of the financial files of the 2,103 students who attended Lincoln University during that period. "The review found that, in general, the files appear to be in proper order and the area continues to improve its practices and documentation of proper account administration." The Department of Financial Aid continues to receive training from PHEAA in the differences between Pennsylvania and Federal grant regulations. The training has had such an impact on the operations of the office that PHEAA has requested that Lincoln be a pilot site for their on-line processing of state grants.

Registration of Lincoln University Lion Logo and Seal Design The U.S. Patent and Trademark Office registered the mark "LION LOGO" and the mark "LINCOLN UNIVERSITY SEAL DESIGN" on October 29, 2002. The marks have been assigned Registration Nos. 2,642,616 and 2,642,617 respectively. Federal trademark statute (the Lanham Act) requires that a Declaration of Continued Use be filed between the fifth and sixth year from the date of registration to keep the registration in effect for a full ten-year period. The University will have to file such a Declaration between October 29, 2007 and October 29, 2008.

Development and External Relations Fiscal Year 2002-2003 contributions through 12/21/02 totaled $460,965. This is up from $435,884 received during the same period last year. Contributions are categorized as Unrestricted, $82,099; Temporary Restricted, $323,419; and Permanent Restricted/Endowed, $55,447.

The Cabinet meeting was adjourned at 11:30 AM.

Diane M. Brown
Assistant to the President

Return to President's Information Exchange.
Return to Homepage.