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            "text": "Fiscal Year 2009 Projection. A report for FY2009 Operating Projection reflecting a surplus of $341,412 is included with assumptions for revenues and expenses through June 30, 2009."
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            "text": "Financial Ratio Comparisons to Benchmarks. After the October 2008 Board meeting and following a meeting between President Sias and the Faculty, Regent Landy made the following request:"
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            "text": "President Sias and Vice President Johnson:"
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            "text": "I think it would be helpful to follow up today's meeting with a look at some benchmark comparisons for the figure presented to the faculty yesterday (percent of unrestricted expenditures for instruction). So let's try to get comparable figures from some comparable universities, like Alcorn, Delaware State, UMES, Lincoln, Pine Bluff, Virginia State, Tennessee State. Not all of them, necessarily, but at least three or four. Can V.P. Johnson's office inquire, or would you like to have the faculty Budget Committee do some phone-calling?"
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            "text": "One very important caution: we need to make sure we are comparing apples to apples, so we must not use unrestricted revenues, which does not tell us the same information. We must be sure to use unrestricted expenditures throughout."
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            "text": "Audited financial reports were requested in November from four institutions for FY2005-FY2008. The institutions selected included Alcorn, Lincoln, Savannah State and Southern Arkansas. The requests will be made again, however, in December 2008 Savannah State informed me that the four-year request will require staff time that will be available during the Spring semester. There has been no response from the other institutions yet."
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