Mirror - Vol. 14, No. 18 - March 22, 1990

              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