President's Cabinet Meeting
February 24, 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 February 18, 2003 Cabinet Meeting were approved.

Student Dormitory Project Financial Advisor
The Selection Committee has recommended the firm Public Financial Management of Harrisburg, PA as Student Dormitory Project Financial Advisor, Bid #2255.

Lincoln University Emergency Response Manual
Cabinet members were asked to review for necessary revisions or updates, the draft Emergency Response Manual developed by the Lincoln University Safety Committee. The manual will be finalized as soon as possible and distributed to the campus.

Fiscal Year 2001 Draft Cohort Default Rate
A US Department of Education report dated January 12, 2003, shows that Lincoln University's cohort default rate for FY'01 dropped to 9.9%. The report also showed a total of $898,649 dollars in default and $7,929,342 in repayment.

Reduction of State Appropriation for FY'03
A total of $256,000 of Lincoln's FY'03 Commonwealth appropriation has been placed into budgetary reserve. The University's last scheduled payment from the State will be reduced by this amount if it is ultimately determined that the Commonwealth must retain these funds.

Essential Personnel
All "essential personnel" are to be designated in writing to the office of Human Resources and to the employee(s). It was specifically stipulated that personnel in the IT department be designated in this category.

Student Affairs & Enrollment Management
Students who have not been cleared for the Spring '03 semester and are carrying balances over $7,000 will be asked to make arrangements to gain financial clearance or be administratively withdrawn. Graduate students owing balances over $5,000 will also receive notice of the same.

Admission Statistics for fall 2003 as of February 21, 2003
# of Undergraduate applications received for fall 2003 2456
# of Undergraduate applications received for fall 2002 2240
# of Undergraduate students admitted for fall 2003. 420
# of Undergraduate students admitted for fall 2002. 541
# of Graduate applications received for fall 2003.. 71
# of Graduate applications received for fall 2002.. 95

The Cabinet meeting was adjourned at 12:00 PM.

Diane M. Brown
Assistant to the President

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