Author: Record Editors

From The Editors

By Jeanne Kay

I wish I could celebrate. I wish I could have called Bard College this week thanking them for their patience but telling them that I will never enroll, instead of simply deferring again. I wish I could have sent an email to my friends and family back home that said “The good news is that you’re invited again to my graduation ceremony in 2010. The bad news is, it’s still in Ohio.” I wish I could have let my yellow balloon escape, I wish the bell of main building had rung, I wish I could have gone back to being a normal student. I wish I could have felt relief.

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$ 1 Million Error in University Budget Goes Unnoticed

By Kim-Jenna Jurriaans

In its fall report presented to the Board of Trustees this month, University accountants made a $1 million error in the University cash flow projection for the academic year 2007-08. A closer look at the budget shown in the report, available on TheAntiochpapers.org, shows that in the conversion from accrual to cash basis, the University mixed up plus and minus and accounted a University wide deficit of $ 3.430,146. In reality, the University had a projected $ 2,457,508 cash shortage for this year. Continue reading $ 1 Million Error in University Budget Goes Unnoticed

Letter from Ed M. Koziarski ‘97

Fight Our Own Battles

Thanks to the historic Nov. 2 agreement between the Antioch College Alumni Board and the Antioch University Board of Trustees, the Alumni Board is now an official part of the college’s power structure. That’s a very good thing. The college has desperately needed someone with real authority in its corner these past years, as it has weathered neglect, autocratic mismanagement, and the bleeding of its resources, at the hands of the University administration and Board of Trustees. Now that the Alumni Board has bought its $18 million place at the table, the fox will no longer be guarding the henhouse. But the Alumni Board made some serious concessions to persuade the trustees to lift the suspension of operations.

“Lifting the suspension has bought us some time, but we have to fight hard or they will kill the college by slow suffocation. “

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Letter from Bob Devine ’67

   I am more than a little disappointed that continued financial exigency is a part of the agreement.  The original declaration of financial exigency was based on (a) rapidly declining enrollments (in which the
Board played a major role), (b) large deficits (made larger by Board policy with regard to depreciation and COLLEGE endowment growth), (c) projected continuing decline in enrollment and revenue (cast as pessimistically as possible), and (d) cash flow problems. Continue reading Letter from Bob Devine ’67