NMIT Deals with Large Deficit by Michael Gojer Approximately $6 Million for Fis-V Meet Operating Expenses at All Although the $6 Million Pro- Cal Year 1988-89
Total Page：16
File Type：pdf, Size：1020Kb
Continuous MIT News Service Cambridge pSince 1881 r save .2 MassachusettsCambridge Volume 108, Number 53 It Tuesday, December 6, 1988 I l -- IUI -m NMIT deals with large deficit By Michael Gojer approximately $6 million for fis-v meet operating expenses at all Although the $6 million pro- cal year 1988-89. but would be added directly to jected budget deficit for fiscal The amount of unrestricted the endowment. But he doubted year 1988-89 is small compared gifts has remained constant at this will occur. to the 1988-89 operating budget around $4 million for the last ten of $1.026 billion, the deficit must years, but the Institute's total Finances strong despite deficit be corrected or it will magnify, budget has almost tripled since Yet the deficit in operations according to Vice President for 1979. Hence, the operations gap "masks the underlying financial Financial Operations James J. must be tightened if the budget is strength of the Institute," accord- Culliton. to be balanced by using unre- ing to Culliton. Provost John M. Deutch '61 stricted gifts. Gifts as a whole have increased suggested during last month's Officially, 1987-88 produced a steadily, though the portion of faculty meeting that one result of small surplus of $200,000 in the unrestricted gifts has not. In 1988 this deficit could be a sharp rise operating budget, compared to MIT received $83 million total in in tuition next year. surpluses of greater than $1 mil- gifts, a 22 percent increase over The gap between operations lion in the three preceeding years. 1987, and 67 percent higher than expenses and revenues at the In- But, according to Culliton, last 5 years ago, according to the Re- stitute, on average $2-5 million year's budget was balanced only port of the Treasurer. each year for the last decade, has after using $3 million reserved Restricted academic funds con- usually been closed by using un- for future liabilities in research tinue to grow from endowment restricted gifts. But even after us- fluctuations. income ahd many gifts, which ing all unrestricted gifts, the In- Ideally, Culliton said, gift are increasing significantly due to stitute is projecting a deficit of monies would not be used to the Campaignfor the Future, are flowing into the restricted por- tion of the endowment, accord- Boston bans delivery of ing to a memo prepared by Culli- ton for department heads. alcohol The increases in areas of re- to fraternities stricted funds do not necessarily I By David P, Hamilton weekly meetings, Stanton said. offset the gap in the operations In a move certain to affect The board's decision would be re- budget directly, however. For ex- MIT's Boston-based independent turned "within a reasonable ample, if a department receives living groups, the Boston Licens- time," he continued. an endowed professorship, the Stephen P. Berczuk/The Tech ing Stanton It's Christmas time in the city ... Passers Board has decided to forbid said the board will act amount of unrestricted funds view the on violations reported lights in Downtown Crossing as they leave the tree the delivery of any cases or kegs by police, used to meet that salary previous- of beer "not intended for person- which will then be heard in pub- ly will probably not be lighting ceremony in BostonCommon Sunday evening. returned I al use" to holders of lodging li- lic hearing by the three-member to the total unrestricted funds censes, according to Licensing board. Sanctions available to the available, according to Culliton, Board Executive Secretary Thom- board include modification, sus- because this would not encourage Prograrm holds coasses as Stanton. pension, or revocation of lodging departments to seek out funds The decision is actually a rein- licenses. from donors. Usually a compro- fo>r 1 30 .iogh schoolers terpretation of an existing regula- ODSA studies rule mise is made in this situation, he tion, which previously applied said, and only some of the funds By Dartrel Tarsewicz : gland 'area, Graves said. "We only to dormitory licensees. Stan- Officials from the Office of are returned- to thee overall The Educational Studies Pro- have students coming from far ton defended the board's move the Dean for Student Affairs budget. gram conducted its new project, away as New Hampshire or Con- by pointing out that the Massa- (Please turn to page 17) (Please turn to page 17) Splash, this past weekend with necticut," he added. Enrollment chusetts statute permitting the over 130 students attending. was good this weekend as well, board to license dormitories also Splash is one of three programs with 130 students enrolling for allows it to license fraternities. tieveral Student Centerp that the ESP runs and that pro- the classes, Graves said. "Fraternities and dormitories vide classes to high school stu- In the summer program, Junc- are essentially interchangeable businsesses are open dents on a wide variety of topics. tion, ESP gets students from as for the purpose of the rule," In the words of ESP's brochure, far away as California or Japan, Stanton said. By Irene C. Kuo the delay, Immerman said. In ad- these classes are meant to "pro- Graves said. It is also more aca- The board has also formulated Nearly half of the businesses dition, the plumbing plans could vide opportunities for learning demically oriented with classes an exception to the rule, which slotted for space in the Student not be drawn until the building and fun." being offered in calculus and would allow deliveries to take Center have moved into their per- was opened. ESP is a student activity that chemistry, he added. Graves place if the host college or uni- manent locations, after a two- The effect of the delay on holi- began in the late 1950's, accord- hopes to see more students com- versity proposed a plan to super- and-a-half month delay. The rest day sales is a concern for several ing to Kenneth Graves '88, for- ing from far away but the current vise parties where delivered alco- of the businesses should be open businesses, he acknowledged. mer treasurer. The two other pro- problem is that ESP cannot offer hol would be used, Stanton said. next term, if not sooner, accord- "We haven't lost all of our grams that ESP provides are the housing to these students; An educational institution ing to Stephen D. Immerman, di- Christmas sales, but since no one High School Studies Program "Our goal is to have about 30- wishing to take advantage of the rector of campus activities else is open, foot traffic will not which will be offered in the 40 students coming for Junction extension would have to bring complex. be as great," said an employee of spring and Junction, a more in- and about 200 for HSSP and such a plan before the Licensing Difficulty with the fire alarm Newbury Comics, one of the tensive academic program, which Splash," Graves noted. Board at one of its informal system was the main source of three businesses that have opened is offered in the summer, he I- - 51 - -. LP ---1 III IR-- - I-·-C on the first floor. added. "People still don't know we're Splash offers classes that range open. We won't have our grand from the biology of the AIDS vi- opening before Christmas," the rus to vector manipulations. Dur- employee continued. ing the one weekend, the classes But Immerman said that open- can range from one to 12 hours, ing a store before advertising it Graves said. - called a "soft opening" - is A distinctive feature is that common. "Sometimes a store will these classes are taught primarily be open for a whole month be- by MIT students, Graves noted. fore its grand opening in order to "For Splash we had 22 teachers work out kinks in operations," with nine of them being under- he explained. graduates, four of them alumni, Networks Restaurant opened and three being graduate stu- on Nov. 28, Newbury Comics dents," he said. opened on Dec. 3, and MIT Mi- The only requirement for a crocomputer Center opened on student to become a teacher is De,. 5. The .Tech oarber T'ch that they have an idea for a class, Optical, and the US Post Office demonstrate some proficiency in moved from the fourth floor to the material that will be covered, the lower level over the weekend. and have an ability to teach the Businesses that have yet to move information to high school stu- in include Council Travel, Tech- dents, Graves said. nicuts, MIT Museum Shop, La- Currently the ESP has no offi- Verde's Market, MIT Graphics cial faculty participation, Graves Arts Copy Center, a scaled-down said. "ESP does not want to have version of the Coop, and a faculty member just for the BayBanks. sake of the name," he noted. "There is no particular logic to Rather it is more important that the order in which the stores are the faculty member be willing to opening," Immerman said, spread the goal of extending edu- though he mentioned that the cation to the community, Graves MIT Microcomputer Center stressed. Lisette W. M. Lambregts/The Tech worked "hard and fast to get The UNH Notables sing a spoof of Splash and HSSP attract stu- The Twelve Days of Christmas in Saturday night's their design in" and that many of dents mainly from the Yule Log concert. See story page 8. New En- IPPI C-P - ----- ~ - ' - . - ~ICI' - _- (Please turn to page 2) _: - I -. .-- I . 1.I ,---- --- I --- Is , I' I , -I -- I , -- --1.