Minutes
President's Cabinet Meeting
February 3, 2003

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

Minutes of the January 27, 2003 Cabinet Meeting were approved.

2001-02 Lincoln University Operating Budget
Actual expenses at June 30, 2002 totaled $38,432,000. This was within 1.25% of the budget forecast of $38,879,000.

Residence Hall Space Utilization
The Department of Labor and Industry has approved increased bed capacity in several of the University's dorms. The new formula could possibly increase bed capacity from the current 1,343 to 1,480 spaces. However, capital renovations are required in several of the dorms to accomplish the increased capacity.

Fiscal Affairs
A few glitches were encountered in the recent payroll run on the new ADP payroll system. The business office is taking the necessary steps to rectify the flaws.

Student Affairs & Enrollment Management
Admission Statistics for fall 2003 as of January 31, 2003
# of Undergraduate applications received for fall 2003 1950
# of Undergraduate applications received for fall 2002 1757
# of Undergraduate students admitted for fall 2003. 285
# of Undergraduate students admitted for fall 2002. 414
# of Graduate applications received for fall 2003.. 43
# of Graduate applications received for fall 2002.. 87

The Cabinet meeting was adjourned at 11:30 AM.

Diane M. Brown
Assistant to the President



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