2008 Woodie Awards
Once more into the breach my friends!
McAlpin, Charlie
Issue date: 9/2/05 Section: Features
When first-years arrive at Guilford every element of the school is new and unexplored, but as the year unfolds the tensions and complexities of its history become evident.
Seasoned students are not immune. Drivers thought they could flush parking tickets long after Allied Security left on July 31, 2003 and Reginald Hayes, Director of Public Safety, corrected that institutional oversight.
The college's plans this year build upon key issues in its past and will color the rest of your time here. It is in our collective best interest to understand what our school has planned.
***
Guilford is working its way out of financial straits. "You have to have a strong financial plan to keep the college going," said Vice President for Advancement Mike Poston. "That wasn't done for the past 30 years."
President Kent Chabotar, with his background as vice president for finance and administration at Bowdoin College, has worked to get the college back on track since he was hired in 2002.
Chabotar's Strategic Long Range Plan (SLRP), now in its second year, has carefully mapped out the school's finances into 2010.
"Two years ago the spending rate for the endowment was nine percent," said Vice President for Finance and Administration Jerry Boothby. "Last year it was seven and a half percent. For this year we are working on five percent."
Keep in mind that the difference between nine percent and five percent, with a 50 million dollar endowment, is about two million dollars.
"Five has been our goal," Chabotar said, and the decreased spending marks his success, although he admits that the stock market helped when it started to improve at the same time he was hired.
But Chabotar's recent five-year contract extension indicates that more than the stock market is at work.
One way the school has brought in more money is through an increased enrollment.
Six years ago there were 1,255 students enrolled at Guilford. Now there are an estimated 2,700 students, an increase of 115 percent. We now exist in an evenly divided traditional and adult (CCE) student environment, with about 1,300 each, and another 100 early college students.
Seasoned students are not immune. Drivers thought they could flush parking tickets long after Allied Security left on July 31, 2003 and Reginald Hayes, Director of Public Safety, corrected that institutional oversight.
The college's plans this year build upon key issues in its past and will color the rest of your time here. It is in our collective best interest to understand what our school has planned.
***
Guilford is working its way out of financial straits. "You have to have a strong financial plan to keep the college going," said Vice President for Advancement Mike Poston. "That wasn't done for the past 30 years."
President Kent Chabotar, with his background as vice president for finance and administration at Bowdoin College, has worked to get the college back on track since he was hired in 2002.
Chabotar's Strategic Long Range Plan (SLRP), now in its second year, has carefully mapped out the school's finances into 2010.
"Two years ago the spending rate for the endowment was nine percent," said Vice President for Finance and Administration Jerry Boothby. "Last year it was seven and a half percent. For this year we are working on five percent."
Keep in mind that the difference between nine percent and five percent, with a 50 million dollar endowment, is about two million dollars.
"Five has been our goal," Chabotar said, and the decreased spending marks his success, although he admits that the stock market helped when it started to improve at the same time he was hired.
But Chabotar's recent five-year contract extension indicates that more than the stock market is at work.
One way the school has brought in more money is through an increased enrollment.
Six years ago there were 1,255 students enrolled at Guilford. Now there are an estimated 2,700 students, an increase of 115 percent. We now exist in an evenly divided traditional and adult (CCE) student environment, with about 1,300 each, and another 100 early college students.
