UA-R-GC-1914-01-01-1979-05-31_Page-033

May 31. 1979 ACADEMIC AND FINANCIAL LO~G ~~GE STUDY Having in mind the desirability of updating long range planning for AUC's future development, and Taking into account the views expressed by AID in its communications with the Chainman of the Board and the President of the University; The Board of Trustees requests the President to prepare a long range academic and financial plan for the future development of AUC for consideration by the Board at its Winter 1980 meeting, but not later than its meeting of May 1980. The planning should encompass all aspects of the University's work, including its academic emphases, its auxiliary educational functions such as DPS, MES, the Executive Development Program and SRC, grant and project activities, and functions designed to produce additional income and contributions. The study should include academic as well as financial goals and should include examin­ation of all relevant factors, such as student-faculty ratios, tenure policies and percentages, faculty rank distribution, nationality distribution of faculty, and perceived educational needs in Egypt and the Middle East that can best be met by AUC. Having regard to AID's expressed view that by AUC's 1985/86 fiscal year the University should be self-sufficient, or nearly so, the financial parameters within which the study is made should assume: an AID/ASHA supporting contri­bution by that time of no more than 25% of the total budget; contributions raised by the Trustees and the University through corporations. alumni, individuals and endowment of 15%; income from the University's auxiliary activities such as MES, Executive Development, ELI and CAS external programs, miscellaneous income, and grant overhead of 20%; fees and tuition, including DPS. of 40%. You should include an alternative section based on 20% from AID and 45% from tuition and fees. You should assume an overall budget of $17,000,000 (using the current exchange rate) based on the projections given to AID and representing a compound growth rate from the present budget of about 12%. In undertaking the study you should be guided by the Board's view that activi­ties auxiliary to the University's degree programs should be self-financing. including their appropriate share of overhead. and ' wherever possible should produce a surplus which can be applied to the academic program. In preparing the plan you may assume that .the Board will be willing to seek external capital funds for plant expansion, where the increased operating costs can be covered by increased income. ~ , , ,.