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18.6 MILLION Ferris Receives Large Refund Due to Accounting Mistake Devin Anderson and “With This Opportunity, I Be- Idence Halls” Watson Said

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18.6 MILLION Ferris Receives Large Refund Due to Accounting Mistake Devin Anderson and “With This Opportunity, I Be- Idence Halls” Watson Said 1 www.fsutorch.com Single Issue Free, Additional Copies 25 Cents October 7, 2015 Ferris State University TORCH Truth, fairness and accuracy since 1931 ArtPrize Seven in Grand Rapids $18.6 MILLION Ferris receives large refund due to accounting mistake Devin Anderson and “With this opportunity, I be- idence halls” Watson said. Angela Graf lieve in the strongest possible “They would make things eas- way that we should use these ier for the RAs and would look What would you do with funds to help our students, a lot better. Also, I think they a surprise $18.6 million? who need more scholarship should reopen a place to eat An accounting oversight by a and f nancial support,” Eisler on the west side of campus.” state retirement program re- said. “We can and should put Marc Sheehan, communi- sulted in Ferris State Univer- this refund to work to help our cations off cer for Eisler, said sity being refunded $17.3 mil- students not just today, but to- the focus of spending the re- lion with another $1.3 million morrow and into the future.” fund will def nitely be on stu- on the way, President David Ferris English major Jessica dents; it’s just a matter of how. Eisler recently announced. Barger agrees “To say that the refund was a “With this unexpected ad- the money surprise is an understatement,” ditional resource, we are should be Sheehan said. “The question is, poised to make a positive dif- used to reduce what’s the right mechanism to ference for our students,” Eis- student debt. reduce student debt? There’s ler said in a university-wide “It should going to be continued discussion notice. “This is a very exciting def nitely focus about how things will play out.” on the students Sheehan mentioned an en- and welcome development.” David Eisler that are paying dowment fund for scholarships During an internal review, Ferris State Photo by: Katie Tobak | Photographer Michigan’s Off ce of Retire- University to go here,” and the price of tuition as con- Ferris Bulldogs on the ice for the intrasquad Crimson and Gold game this weekend. ment Services discovered the Barger said. siderations. Ferris’ board of Michigan Public Schools Em- “It’s middle class people that trustees, however, must ap- ployee Retirement System are out of the tax bracket where prove any spending decision. Hockey gears up for WMU (MPSERS) has been receiving they can’t get a lot of help un- One use for the funds en- less they really f ght for it. Even acted immediately by Fer- Cody Burkhard 13 games during this stretch in- overpayments by Ferris for its cluding four to Minnesota State. pension fund since 1997. Fer- if they do well it’s nothing com- ris was the placement of Ferris State Torch pared to tuition and food bills.” $837,000 into the Ferris Foun- Since Ferris State has been ris received the overpayment apart of the WCHA, they have through the end of 2014 plus La Shai Watson, a pre-re- dation for student scholar- After a premature end- spiratory care major, had ships to be awarded next year. ing to last year’s season in never beaten Minnesota State. A interest accrued, totaling $17.3 rivalry needs wins on both sides million. At the end of the f scal more specif c ideas for Six other Michigan uni- the WCHA Tournament at the how to spend the money. versities also received siz- hands of Minnesota State to be relevant and (R) senior year, another $1.3 million is ex- defensemen Simon Denis be- pected for overpayment in 2015. “I would really love digi- able refunds from the state. (score 4-0), the Ferris State tal display boards in the res- Hockey team is reloaded and lieves they are more than ready. ready for another great season. “From our point of view, Min- Refunded Schools The Bulldogs had a rough nesota State is our biggest ri- season in their second year vals. We see the success that (2014-2015) being in the WCHA we’ve had and we see where Central Michigan University - $32 million after winning the conference ti- we need to go to get there Western Michigan University - $24.2 million tle a year before. They posted again. We can get champion- a .750 winning percentage in ships. We can get rings,” said Eastern Michigan University - $19 million the f rst year of joining (2013- Denis. “We’re conf dent in our 2014) but dropped below team and we know we can go Ferris State University - $18.6 million .500 last year in conference out and play and beat them.” Michigan Technological University - $11.7 million (ranked f fth in conference). Simon Denis is a part of a This record was partially a re- group of senior defensemen Northern Michigan University - $9 million sult of a slump that is unprece- *Lake Superior State University will also receive a refund dented in the last f ve years for See Hockey Ferris State. They lost 11 out of on page 11 News page 4 Lifestyles page 7 Sports page 10 Students, community enjoy Final week of ArtPrize Seven in Ferris women’s soccer team music in Hemlock Park Grand Rapids f ying high with a 9-2-1 record 2 2 News October 7, 2015 Ferris State Torch News Editor Devin Anderson [email protected] “Learning outside of the classroom and NEWS comparing it to what we’ve learned in class Ferris State Torch is what I am most excited for.” - Jacqueline Saunders See below for story Grant for drug research awarded Photo by: Kip Biby | Ferris State Torch Dr. Eric Nybo conducts preliminary anxiety research with Ferris graduate students Jacqueline Saunders and Kayla Maki at Ferris’ new Shimadzu laboratory. Ferris professor, students to research anxiety treatment Kip Biby day I get to wake up and do re- ders and Kayla Maki were hired at Michigan State University. Ferris State Torch search in these facilities it is to assist Dr. Nybo in his research. Maki earned her undergrad- a great day. It is a dream job.” “The experience kind of uate from Grand Valley State Ferris students will research Research will be conducted supplements what we learn University in biomedical sci- treatments for anxiety this semes- by Nybo and students in the in school,” said Saunders. ences. Both expressed their ter in Ferris’ new Shimadzu lab. Shimadzu Core Laboratory for “Learning outside of the class- excitement for the research. Assistant professor of phar- Academic and Research Ex- room and comparing it to The goal of the research is maceutical sciences Dr. Eric cellence (SCLARE). The brand what we’ve learned in class to create valerenic acid, the Nybo was awarded a $70,000 new lab, located in the Col- is what I am most excited for.” active ingredient found in the grant from the Brain and Be- lege of Arts and Sciences, is “We have all these new ma- over the counter supplement havior Research Foundation to equipped with $1.5 million chines here now, it’s def nite- valerian root, from bacteria. It is study new ways to treat anxiety. worth of high-powered research ly something you don’t get to understood that valerenic acid “The university is placing a equipment which includes do just in class,” Maki said is effective in treating anxiety. lot of importance on scientif c several mass spectrometers. Saunders double-majored The grant funds research research,” Nybo said. “Every Second-year pharmacy grad- in human biology and environ- to be conducted at SCLARE uate students Jacqueline Saun- mental economics and policy through January, 2018. 3 News 3 Ferris State Torch October 7, 2015 Fraternity house break in TORCH A roundup of this week’s crime at Ferris State University. All calls might not be reported. NEWS BRIEFS Banner thief Too drunk Another stolen bike Sept. 21, off cers received Sept. 27, 12:15 a.m., off cers Sept. 27, 3:05 p.m., re- complaint of f ve Ferris home- investigated a suspicious sub- port of a stolen bicycle Devin Anderson coming banners, valued ject near Vandercook Hall. The from near Hallisy Hall. News Editor at $200 each, being sto- subject was highly intoxicated len from various locations. and transported to the hospital. Fight at FLITE Majors and minors expo The investigation continues. Sept. 27, 5:15 p.m., off cers The College of Arts and Sciences Majors, Minors and responded to two disorderly More Expo will provide students an opportunity to dis- Vulgar messages subjects near FLITE. One sub- cover more about Ferris’ program offerings from 11 a.m. Sept. 24, 7:50 a.m., off cers ject assaulted the other and to 1 p.m. on Thursday, Oct. 8 in the Williams Auditorium responded to a harassment TORCH a warrant request was sent lobby. Students interested in CAS majors or minors will complaint at the Academic Sup- to the prosecutor’s off ce. have the chance to interact with professors, department port Center. Someone wrote heads and students immersed in a variety of industries. vulgar messages on the door ON THE Stolen parts and then f ed. Off cers were Sept. 28, 7:30 p.m., re- called to the ASC again the RECORD port of a catalytic convert- Think Pink Week next day for similar messages. er stolen from a car in Lot 3. Zeta Tau Alpha will begin “Think Pink Week” on Mon- The investigation continues. day, Oct. 12 to raise funds and awareness for breast Stolen bike returned cancer research.
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