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The FairfieldMRRORV Volume 14, No. 18 Thursday, March 22, 1990 The Image of Fairfield Forrester Diagnoses U. As Healthy But Not Wealthy Ann Marie Puckhaber News Editor "This University is far from rich," said Robert T. Forrester, a partner with the public accounting firm of Coopers and Lybrand, in his financial evaluation of Fair- Robert T. Forrester Photo: San Anderson field last Thursday. Forrester was asked by the administration to perform a criti-cal evaluation of the University's financial condition and compare it with that of its competitors. In order to do this, Forrester obtained Fairfield's financial state-ments audited by his firm from the last ten years. In the last five years, Fair-field has experienced a 14% profit margin. Although this does indi-cate an accumulation of wealth, Forrester said the administration does not have complete discretion over whether the money was saved or spent. "These receipts may legally be spent only for the purpose for which they were given," Forrester said. For example, money contrib-uted to the Capital Campaign may not be spent for operations. With this in mind, Forrester said Fairfield is actually looking at an expendable surplus rate of 4 or 5%, not 14%. "I find that is less than aver-age for some comparable institu-tions," Forrester said. "Fairfield is no more profitable than other schools." In 1984 and 1985, the Uni-versity set up a financial planning committee of students, faculty, and administrators to address the ma-jor problems that it would face in the 1980's - inflation in program expense, the need to renew facili-ties, the erosion of support from endowment, and the need to broaden the applicant pool. The committee suggested in-vestment in the religious program, the academic programs, the resi-dences, and other long-term in-vestments. As a result Fairfield started the Capital Campaign. Forrester said the result of the past five years "reflect the plan remarkable well." Over the last five years, Fairfield has added $31 million to its net assest, which is the same as what the plan man-dated. "I've looked at a lot of uni-versity results lately; but I've seen few cases where there was such clear manifestation of a plan in the financial statements." Forrester described the Uni-versity's financial results as "healthy," but said that for an insti-tution to succeed it must accumu-late wealth over many years. "The University has more financial strength than you had ten years ago, but it is less than what the national group of college busi-ness officers would call'healthy,'" Forrester said. His conclusion: "To com-pete, Fairfield needs to continue to invest in programs, people, and assests." William Lucas, University Vice President of Finance, added to Forrester's comments. "You ha ve to reinvest in yourself if you're going to be successful," he said. Alumni Name Loyola Medalist, Achievement Award Winners Christine Doody Staff Writer The Loyola Medalist and Student Achievement winners have recently been nominated and se-lected for the graduating Class of 1990 by Alumni Relations. Laura Keenan, an Account-ing major from West Caldwell, NJ, will be the recipient of the St. Ignatius Loyola Medal at gradu-ation. According to Shireen Rus-tom, Assistaint Director ofAlumni Relations (Class of'88), the Loyola award is the highest honor be-stowed by the alumni association to a graduating senior who best "embodies the Jesuit idea of ser-vants through leadership". The award was instituted in 1952 in order to recognize an out-standing member of each graduat-ing class who maximized opportu-nities for intellectual, emotional and social growth through his or her four years at Fairfield. Throughout her four years, Keenan has been very involved in many aspects of campus life as well as in the organization of events. She has spent all four Spring Breaks in Appalachia, vol-unteered at soup kitchens and homeless shelters, as well as par-ticipated in a tutorial program for immigrant and refuge children in Washington D.C. In addition, Keenan has served on FUSA cabi-net for one year as COSO Director. "Lam very excited about the award," says Keenan, "but a lot of recognition also needs to gO to my friends and fellow classmates. It was a combined effort and without their support and hard work, I wouldn't have received the award, I want to thank them for that." Along with Keenan, there are ten other seniors who have been recognized for their exceptional commitment to a specific Fairfield University activity, organization, program, or project. Sean Leyuden, Scott Arnold, and Frank Jefferson are this year's recipients ofStudent Achievement Awards as well as a group of six nurses, including Louise Moon, Ann Perez, Brenda McGowan, Heidi Donahue, Debbie Leibold, and Carrie Dodge. Leyden, a Finance and French majorfrom Waterbury, CT, has received an achievement award for his extensive involvement in FUSA. Since his freshman year, Leyden has continually volun-teered for FUSA committees that included academics, athletics, special events, and dances. Dur-ing his sophomore year he co-chaired siblings weekend and as a junior he held the position of Ath-letics Direcotr on FUSA cabinet. Since his appointment as VP of student life, Leyden has played an instrumental role in many areas of concern, especially with the revi-sion of the lottery system for hous-ing. The student acheivement award for outstanding involvement in Campus Ministry has been given to Scott Arnold. Arnold, a sociol-ogy major from Wayne, NJ, has spent his last two Spring Breaks in Appalachia as well as volunteered at soup kitchens. He has also worked with Frontier Housing, a project that helps in the region of Appalachia. Arnold participated in the tutorial program with Keenan in D.C. from which he and Keenan coordinated a similiar program at Fairfield. Frank Jefferson, a communi-cations major form Connecticut was selected for the achievement award for his dedication to UMOJA. Jefferson viewed his leadership role as president of UMOJA his junior year as "a real challange" because the minority students at Fairfield all come from continued on page 3 Designated Frosh Floors Changed AnnMarie Puckhaber News Editor Student Residences an-nounced this week that the de-sigated freshmen floors and wings for next year have been changed from what was originally disclosed. The new plan is as follows: - Kostka, Claver, Gonzaga, Julie halls: upperclass students, gender of floors remains the same; -Campion: I - freshmen men, II - .freshmen women. III - upperclass men, and IV - upper-class women; - North Campus: II and IV - freshmen women, and III - fresh-men men: -Loyola: I North and South - freshmen, gender undetermined, II - upperclass women, and III - upperclass men; - Jogues: Ground North, I South, II South, and III South - freshmen men, I North, II North, and III North - freshmen women, IV South - upperclass men, and IV North - upperclass women; and -Regis: Ground North and South, I North, II North, III North - freshmen men, I South and II South - freshmen women, IV North - upperclass men, and III South and IV South - upperclass women. Richard Rossi, Director of Student Residences, said the fresh-men floors and wings were deter-mined based on the number of beds needed to accomidate the Class of 1994. Jogues and Regis halls, which are mostly affected, are tra-ditionally used for changes because they have wings and are "easier to maneuver than floors," Rossi said "Freshmen will be grouped in areas of the buildings, but still mixed with upperclassmen which -is what the students requested," Rossi said. Residence hall floor lotter-ies will be held next week, the in-house lotteries will be held April 3 & 4, and the general residence hall lottery will be held April 18 & 19. Puckhaber Appointed Editor Christina Hennessy Staff Writer AnnMarie Puckhaber was appointed Editor-in-Chief ofThe Mirrorby the Editorial Board and staff Monday night. Puckhaber, an English ma-jor and mathematics minor from Danbury, Connecticut, will as-sume her duties as Editor for the issue of March 29. "I think the paper this year has been the best ever," said Puck-haber. "The past two editors are leaving the newspaper in good shape. They are really making my job easier." Joseph DeVito and Lynn Ann Casey have been Editor the past two years. According to Puckhaber, both have contributed to the success the paper is now ex-periencing. "Joe really put the paper back on its feet two years ago and Lynn built up the quality of the paper this year," said Puckhaber. She said she hopes to continue to put out a high quality paper that will be of interest for the whole Fairfield community. "The paper has come a long way and I want to make sure we continue to head in the right di-rection," she said. To insure that the improve-ment the paper has made in the past few years lasts, Puckhaber plans to build up the quality of reporting and to further investi-gate all aspects of the University. "I'd like to see more people contributing to the paper," said Puckhaber. "The Mirror is always open to letters to the Editor and we encourage all members of the Fair-field community to contact us about stories and events that affect our readers." "I woujdn't want,to see any-one but AnnMarie taking over the running for the paper," said Casey. "She has a complete understand-ing of all apects of the paper and has the ability needed to deal with all the problems that will come up. I wish her the best of luck for next year." Puckhaber is presently ac-cepting application for her Edito-rial Board. They can be picked up in the Mirror office in Gonzaga Ground and must be returned by 5:00 p.m. tonight. Editorial se-lections should be complete by Sunday. AnnMarie Puckhaber ' Photo: Dan Wall
Object Description
Title | Mirror - Vol. 14, No. 18 - March 22, 1990 |
Date | March 22 1990 |
Description | The Mirror (sometimes called the Fairfield Mirror) is the official student newspaper of Fairfield University, and is published weekly during the academic year (September - May). It runs from 1977 - the present; current issues are available online. |
Notes | A timeline for Fairfield University student newspapers is as follows: The Tentative, Nov. 7, 1947 - Dec. 19, 1947; The Fulcrum, Jan. 9, 1948 - May 20, 1949; The Stag, Sept. 23, 1949 - May 6, 1970; The University Voice, Oct. 1, 1970 - May 11, 1977; The Fairfield Free Press & Review, Sept. 10, 1970 - Apr. 24, 1975; The Fairfield Mirror, Sept. 22, 1977 - present. |
Type of Document | Newspaper |
Original Format | Newsprint; color; ill.; 11.5 x 17 in. |
Digital Specifications | These images exist as archived TIFFs, JPEGs and one or more PDF versions for general use. Digitized by Creekside Digital through the LYRASIS group. |
Publisher | Fairfield University |
Place of Publication | Fairfield, Conn. |
Source | Fairfield University Archives and Special Collections |
Copyright Information | Fairfield University reserves all rights to this resource which is provided here for educational and/or non-commercial purposes only. |
Identifier | MIR19900322 |
Description
Title | Page 1 |
SearchData | The FairfieldMRRORV Volume 14, No. 18 Thursday, March 22, 1990 The Image of Fairfield Forrester Diagnoses U. As Healthy But Not Wealthy Ann Marie Puckhaber News Editor "This University is far from rich," said Robert T. Forrester, a partner with the public accounting firm of Coopers and Lybrand, in his financial evaluation of Fair- Robert T. Forrester Photo: San Anderson field last Thursday. Forrester was asked by the administration to perform a criti-cal evaluation of the University's financial condition and compare it with that of its competitors. In order to do this, Forrester obtained Fairfield's financial state-ments audited by his firm from the last ten years. In the last five years, Fair-field has experienced a 14% profit margin. Although this does indi-cate an accumulation of wealth, Forrester said the administration does not have complete discretion over whether the money was saved or spent. "These receipts may legally be spent only for the purpose for which they were given," Forrester said. For example, money contrib-uted to the Capital Campaign may not be spent for operations. With this in mind, Forrester said Fairfield is actually looking at an expendable surplus rate of 4 or 5%, not 14%. "I find that is less than aver-age for some comparable institu-tions," Forrester said. "Fairfield is no more profitable than other schools." In 1984 and 1985, the Uni-versity set up a financial planning committee of students, faculty, and administrators to address the ma-jor problems that it would face in the 1980's - inflation in program expense, the need to renew facili-ties, the erosion of support from endowment, and the need to broaden the applicant pool. The committee suggested in-vestment in the religious program, the academic programs, the resi-dences, and other long-term in-vestments. As a result Fairfield started the Capital Campaign. Forrester said the result of the past five years "reflect the plan remarkable well." Over the last five years, Fairfield has added $31 million to its net assest, which is the same as what the plan man-dated. "I've looked at a lot of uni-versity results lately; but I've seen few cases where there was such clear manifestation of a plan in the financial statements." Forrester described the Uni-versity's financial results as "healthy," but said that for an insti-tution to succeed it must accumu-late wealth over many years. "The University has more financial strength than you had ten years ago, but it is less than what the national group of college busi-ness officers would call'healthy,'" Forrester said. His conclusion: "To com-pete, Fairfield needs to continue to invest in programs, people, and assests." William Lucas, University Vice President of Finance, added to Forrester's comments. "You ha ve to reinvest in yourself if you're going to be successful," he said. Alumni Name Loyola Medalist, Achievement Award Winners Christine Doody Staff Writer The Loyola Medalist and Student Achievement winners have recently been nominated and se-lected for the graduating Class of 1990 by Alumni Relations. Laura Keenan, an Account-ing major from West Caldwell, NJ, will be the recipient of the St. Ignatius Loyola Medal at gradu-ation. According to Shireen Rus-tom, Assistaint Director ofAlumni Relations (Class of'88), the Loyola award is the highest honor be-stowed by the alumni association to a graduating senior who best "embodies the Jesuit idea of ser-vants through leadership". The award was instituted in 1952 in order to recognize an out-standing member of each graduat-ing class who maximized opportu-nities for intellectual, emotional and social growth through his or her four years at Fairfield. Throughout her four years, Keenan has been very involved in many aspects of campus life as well as in the organization of events. She has spent all four Spring Breaks in Appalachia, vol-unteered at soup kitchens and homeless shelters, as well as par-ticipated in a tutorial program for immigrant and refuge children in Washington D.C. In addition, Keenan has served on FUSA cabi-net for one year as COSO Director. "Lam very excited about the award," says Keenan, "but a lot of recognition also needs to gO to my friends and fellow classmates. It was a combined effort and without their support and hard work, I wouldn't have received the award, I want to thank them for that." Along with Keenan, there are ten other seniors who have been recognized for their exceptional commitment to a specific Fairfield University activity, organization, program, or project. Sean Leyuden, Scott Arnold, and Frank Jefferson are this year's recipients ofStudent Achievement Awards as well as a group of six nurses, including Louise Moon, Ann Perez, Brenda McGowan, Heidi Donahue, Debbie Leibold, and Carrie Dodge. Leyden, a Finance and French majorfrom Waterbury, CT, has received an achievement award for his extensive involvement in FUSA. Since his freshman year, Leyden has continually volun-teered for FUSA committees that included academics, athletics, special events, and dances. Dur-ing his sophomore year he co-chaired siblings weekend and as a junior he held the position of Ath-letics Direcotr on FUSA cabinet. Since his appointment as VP of student life, Leyden has played an instrumental role in many areas of concern, especially with the revi-sion of the lottery system for hous-ing. The student acheivement award for outstanding involvement in Campus Ministry has been given to Scott Arnold. Arnold, a sociol-ogy major from Wayne, NJ, has spent his last two Spring Breaks in Appalachia as well as volunteered at soup kitchens. He has also worked with Frontier Housing, a project that helps in the region of Appalachia. Arnold participated in the tutorial program with Keenan in D.C. from which he and Keenan coordinated a similiar program at Fairfield. Frank Jefferson, a communi-cations major form Connecticut was selected for the achievement award for his dedication to UMOJA. Jefferson viewed his leadership role as president of UMOJA his junior year as "a real challange" because the minority students at Fairfield all come from continued on page 3 Designated Frosh Floors Changed AnnMarie Puckhaber News Editor Student Residences an-nounced this week that the de-sigated freshmen floors and wings for next year have been changed from what was originally disclosed. The new plan is as follows: - Kostka, Claver, Gonzaga, Julie halls: upperclass students, gender of floors remains the same; -Campion: I - freshmen men, II - .freshmen women. III - upperclass men, and IV - upper-class women; - North Campus: II and IV - freshmen women, and III - fresh-men men: -Loyola: I North and South - freshmen, gender undetermined, II - upperclass women, and III - upperclass men; - Jogues: Ground North, I South, II South, and III South - freshmen men, I North, II North, and III North - freshmen women, IV South - upperclass men, and IV North - upperclass women; and -Regis: Ground North and South, I North, II North, III North - freshmen men, I South and II South - freshmen women, IV North - upperclass men, and III South and IV South - upperclass women. Richard Rossi, Director of Student Residences, said the fresh-men floors and wings were deter-mined based on the number of beds needed to accomidate the Class of 1994. Jogues and Regis halls, which are mostly affected, are tra-ditionally used for changes because they have wings and are "easier to maneuver than floors," Rossi said "Freshmen will be grouped in areas of the buildings, but still mixed with upperclassmen which -is what the students requested," Rossi said. Residence hall floor lotter-ies will be held next week, the in-house lotteries will be held April 3 & 4, and the general residence hall lottery will be held April 18 & 19. Puckhaber Appointed Editor Christina Hennessy Staff Writer AnnMarie Puckhaber was appointed Editor-in-Chief ofThe Mirrorby the Editorial Board and staff Monday night. Puckhaber, an English ma-jor and mathematics minor from Danbury, Connecticut, will as-sume her duties as Editor for the issue of March 29. "I think the paper this year has been the best ever," said Puck-haber. "The past two editors are leaving the newspaper in good shape. They are really making my job easier." Joseph DeVito and Lynn Ann Casey have been Editor the past two years. According to Puckhaber, both have contributed to the success the paper is now ex-periencing. "Joe really put the paper back on its feet two years ago and Lynn built up the quality of the paper this year," said Puckhaber. She said she hopes to continue to put out a high quality paper that will be of interest for the whole Fairfield community. "The paper has come a long way and I want to make sure we continue to head in the right di-rection," she said. To insure that the improve-ment the paper has made in the past few years lasts, Puckhaber plans to build up the quality of reporting and to further investi-gate all aspects of the University. "I'd like to see more people contributing to the paper," said Puckhaber. "The Mirror is always open to letters to the Editor and we encourage all members of the Fair-field community to contact us about stories and events that affect our readers." "I woujdn't want,to see any-one but AnnMarie taking over the running for the paper," said Casey. "She has a complete understand-ing of all apects of the paper and has the ability needed to deal with all the problems that will come up. I wish her the best of luck for next year." Puckhaber is presently ac-cepting application for her Edito-rial Board. They can be picked up in the Mirror office in Gonzaga Ground and must be returned by 5:00 p.m. tonight. Editorial se-lections should be complete by Sunday. AnnMarie Puckhaber ' Photo: Dan Wall |