UA-R-GC-1914-01-01-1990-05_Page-052

AUC Board of Trustees • Finance Committee May 17,1990 Meridian House (Library) Trustees Attending: Minutes Meeting of the Finance Committee The American University in Cairo Thursday 10:00 AM Mr. Crary (Chairman), Mr. Hedlund, Mr. Hight, Mr. Hyde, Dr. Lamont, Mr. Kelberer, Mr. McCloy, Dr. Pedersen, Mr. Snaith Also Attending: Ms. Theresa Barger 1. The agenda was approved as presented. 2. The minutes of the last meeting were approved. 3. Deferred Equipment Expenditures • The proposed expenditure of $1.5 million of the expected surplus in the 1989/90 budget for a variety of equipment needs (including a contingency of $220,000) was approved as presented. The Committee also approved the recommendation to allocate the expected $1.5 million of an­ticipated unexpended 1989/90 funds: $750,000 to Endowment and $750,000 to Plant Fund for the Dormitory and the Rare Book Library. 4. "Differential" Compensation: Status of Studies • The Middle East Advisory Group (MEAG) has been contracted to review the following: 1. Remuneration of Egyptian faculty at comparable Egyptian institutions. 2. Remuneration of Egyptian faculty at comparable institutions in the Arabian Gulf. 3. Salary differential between local and expatriate faculty in other institutions in Egypt. 4. Review of remuneration levels for Egyptian staff in other institutions in Egypt. 1 of