Trustees to Finalize Budget at Meetings This Weekend
Welcome, Trustees! Veritas Super Omnia Vol. CXXXI, No. 11 May 2, 2008 Phillips Academy Trustees To Finalize Budget At Meetings This Weekend BY JULIET LIU The Phillips Academy Board as the cost of goods, services, of Trustees will assemble this energy and facilities, have now weekend for discussions chiefly been factored into the frame involving the finalization of next of the budget since the winter. year’s budget and the details of The Trustees will vote on the the ongoing capital campaign. all-inclusive budget by the end Oscar Tang ’56, President of of the weekend. the Board of Trustees, said that The Board will also discuss the Board plans to spend the the feasability of fundraising for majority of its time determin- the capital campaign currently ing the priorities of the capital in progress. campaign. Amy Falls ’82, Chief Invest- Other topics scheduled for ment Officer, will present an up- discussion include the results date on the current condition of of the recent admission cycle, the endowment. Based on these the integration of the Peabody numbers and the fundraising Museum of Archaeology into of the campaign, the Trustees Phillips Academy curricula and will decide what percent of the the direction of the school’s $800 million endowment Phil- outreach programs, according lips Academy should withdraw to Nancy Jeton, Special Assis- for budget spending. tant to the Head of School. According to Jeton, the At this annual spring meet- Board of Trustees will hold ing, Andover’s Finance Com- a working session about An- mittee will present the Board dover’s institutional priorities M.
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