MONACA, Pa. — The Board of Trustees committees, which met at Penn State Beaver Thursday (July 16), received reports and took action on several items, including:
- the Committee on Finance, Business and Capital Planning approved proposals for designers for an agricultural digester, replacement of dairy barns and renovations to the Deike Building. It also heard updates on three projects in progress.
- the Committee on Finance, Business and Capital Planning recommended a University budget, and tuition and fees schedule, that are reflective of comprehensive and ongoing efforts to control the cost of a Penn State degree.
- Provost Nick Jones and David Gray, senior vice president for finance and business, gave a report comparing administrative costs across the Big Ten, which shows proportional growth in faculty and staff ranks at Penn State, as well as an “outstanding ratio of students to administrators and staff.”
- In line with the general salary increase program for the entire University and based on the recommendations of Penn State President Eric Barron, five University executives were granted salary increases totaling in aggregate 2.9 percent. Barron himself is being recommended for a 3 percent lump sum merit increase in lieu of an increase to his base salary, which the full Board of Trustees must vote on today (July 17).
The full board will meet today (July 17), and Penn State Public Media will stream the meeting live online.