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Thursday, October 22, 1987 / University Daily Kansan
Campus/Area
Prof shows how to read KU budget
By NOEL GERDES
Staff writer
When most people look at the University of Kansas budget, they aren't looking at the whole picture, an economic consultant from the American Association of University Professors said yesterday.
Richard Weber, professor of finance at Monsmouth College in West Long Branch, N.J., gave about 10 people a lesson in how to read the KU chapter of *Alumni* by the KU chapter of AAUP. The forum was at Adams Alumni Center.
Most people assume that a university's current operating budget will tell the university's entire financial situation, Weber said, but that isn't true.
He suggested that they think of a university as a main corporation with several subsidiary companies. The main corporation has the current budget, but each subcompany has its own budget from the main corporation's budget.
To consider KU's entire financial picture, faculty members must look at the current operating budget plus each subsidiary budget, he said.
For example, Weber said that one of KU's subsidiary budgets was the
plant fund, which is the money used to construct buildings and to purchase equipment.
Over a five-year period from fiscal years 1982 to 1986, KU's plant fund has had a surplus of about $70 million, he said. However, KU's current budget over the same five-year period showed a loss of about $2.5 million.
"Accumulation occurs in other funds that we don't know about," Weber said.
After the meeting, Weber said that he had spent three or four days analyzing KU's budgets over the past five years.
He said that KU's budget was different from other college budgets because it used a combination of accounting methods, a method recommended by the American Institute of Certified Public Accountants.
Almost all other colleges use only the method recommended by the accountants' institute. he said.
Also, KU had the lowest level of debt of any college he has studied so far. Of all the universities in the million, and most other universities are about $30 million in debt, he said.
Jack Frost visits area for first time this year
Chilly temperatures have made jackets, scarves and hats a la mode the last two days, and the autumn's first frost has made nippy for plants and people late at night.
A heavy denim jacket and scarf were the dress of the day yesterday for Glen Howard, Okmulgee, Okla., graduate student, as the high temperature on campus was 51 degrees. It was a cool day, so he took the scarf this fall, having been caught unprepared for Monday's chill.
"I noticed some of the people wearing their scarves, and I thought I'd better bring out mine," he said.
The cold didn't affect everyone, though, as several joggers were on
campus yesterday in shorts and T-shirts. Sunbathers stayed home.
Meanwhile, Pence Garden Center, 15th and New York streets, was prepared for the first overnight freeze of the fall Monday. For several days the center's plants have been kept warm by a specially designed system which helps them keep warm without losing heat into the air, said Daryl Webb, manager of the center.
"After 35 years we've pretty well got it figured out," he said.
Webb said flowering shrubs and perennial flowers were the only ones needed.
The National Weather Service forecasts slightly warmer daytime temperatures until this weekend, with no freezes expected before Saturday.
STADIUM BARBER SHOP
1033 Mass. Downtown
Quality Haircuts at
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By a Kansan reporter
The Engineering Student Council invites you to visit The 68th Annual Engineering Exposition This year's design competition theme will be: From a Dream to Reality
Friday, October 23 - 12:00-5:00 p.m.
Saturday, October 24 - 9:00 a.m.-1:00 p.m.
Learned Hall/University of Kansas
Free Admission
GOD-
JONES
INDEX
When pressure's on, up goes God's rating When there's less pressure, down it goes!
Wonder how God feels about how we use God?
Lutheran Campus Ministry
1204 Oread 843-4948
Sunday Worship: 10:30 a.m.
Wednesday, October 28 6 p.m. to Midnight
This year the KJHK Auction will be held LIVE from the Skyline Room of the All Seasons Motel at 23rd and Iowa. Come in and get great deals, see your friends and bid on the room you want, then take them home with you that night if you win.
**Here so you can:**
* See the items You're bidding on.
* Bid in person instead of on the phone.
* Bid on items with Friends.
AND... eat FREE FOOD provided by local restaurants!
- Tune in to KJHK-FM 91 to find out where you can pick up your FREE ticket to attend.
CHECKERS PIZZA
COUPON
2-12” TWO-TOPPING PIZZAS, TWO SOFT DRINKS
$7.99 + tax
(Expires 10-30-87)
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16" TWO-TOPPING PIZZA, TWO SOFT DRINKS
$6.99 + tax
(Expires 10-30-87)
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COUPON
ALL YOU CAN EAT PASTA BAR
$3.99 + tax
(Expires 10-30-87)
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841-8010
Dine in or Carry out Free Delivery (limited area)
25* Check Charge
Hours:
Mon.-Thurs. 4 p.m.-1 a.m.
Friday 4 p.m.-2 a.m.
Saturday 11 a.m.-2 a.m.
Sunday 11 a.m.-Midnight
Dining Room Closes Nightly at Midnight
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LIBERAL ARTS & SCIENCES Undergraduate ENROLLMENT PROCEDURES SPRING 1988
1. Enrollment Card Handout:
October 22 and 23
9:00-4:30
Kansas Union Ballroom
Picture I.D. Required
2. Advising:
2 weeks only!
October 26 - November 6
3. Dean's Stamp:
October 26 - November 6
8:30-5:00
Rotunda of Strong Hall