REMARKS TO THE SPRING FACULTY CONFERENCE 2012 Dr. Thayne McCulloh, President September 17, 2012

Salaries & Benefits total 44% Fiscal Year ‘11/12 Operating Budget Composition

Should the freshman entering class remain stable for the next 4 years, we face major budget challenges in FY’14 as the “bubble” class graduates.

With an additional 45 freshman next year and 15 the subsequent year, FY’14 headcount approximates our current headcount of 4,528 and FY’14 revenue improves $3.5M compared to Scenario 1.

Sample Illustration, Parking Structure (Hamilton & Boone)

FOUR REQUESTS FOR THE NEW YEAR 1.A COMMITMENT FIRST AND FOREMOST TO THE EDUCATION AND WELFARE OF OUR STUDENTS; EVALUATING WHAT WE DO THROUGH THE LENS OF WHAT OUR STUDENTS ARE LEARNING; 2.A COMMITMENT TO WORK HARD AT COMMUNICATION 3.A WILLINGNESS TO SUPPORT CREATIVE AND INNOVATIVE WAYS OF TEACHING AND LEARNING; AND 4.A RECOGNITION THAT OUR FUTURE INVOLVES ALL OF US: AND WILL REQUIRE ENERGY AND TIME FROM EACH OF US.