Bryan College President Taking 50% Salary Cut To Help With Budget Woes

Wednesday, January 23, 2013

The president of Bryan College said he is taking a 50 percent salary cut to help with budget woes at the Dayton, Tn., Christian College. Other top administrators are taking five percent cuts.

Dr. Stephen Livesay said the budget crisis was brought on by declining student enrollment.

He also announced some other reductions at the college named for William Jennings Bryan.

School officials said, "Until now, Bryan College has been somewhat insulated from financial challenges confronting many sectors of the national economy, but events have combined to require strong action by the college to ensure the strength of the institution.



" President Stephen Livesay announced that reduced enrollment in the School of Arts and Sciences (the traditional undergraduate program) has led to a budget shortfall which must be addressed immediately."

He said, “As a college, we are tuition-dependent; the majority of our operating funds comes from student tuition. “After the budget was created in May and approved by the board of trustees, we experienced quite a significant meltdown in July and August in numbers of both returning students and new students who had made enrollment deposits. Most of those decisions were the result of financial issues those students encountered.”

As the spring semester begins, enrollment is approximately 50 students below budgeted projections, it was stated.

“In looking at our response, three priorities guided our thinking,” Dr. Livesay said. “First, we would not touch anything essential to the mission of the college. Second, we want to ensure the least impact on students. And third, we want to demonstrate fiscal responsibility.”

To this end, the administration has approved both short-term and long-term steps, to be implemented immediately.

Short-term steps – meaning to be effective through June 30, the end of the 2012-13 academic year – include:

  • Dr. Livesay is voluntarily taking a 50 percent cut in his salary
  • Employees earning the top 10 salaries will take a 5 percent pay cut
  • The college will suspend its contributions to employee retirement plans through June 30
  • Some positions will be cut from full-time to part-time
  • Bryan Life, the college magazine, will be delivered electronically to most recipients.
To provide additional funds, properties owned by the college which are not essential to college operations will be placed on the market to be sold.

In addition, steps beginning July 1 with the coming academic year include:
  • There will be a reduction in the number of athletics scholarships for new students
  • There will be a handful of layoffs of staff and some faculty contracts will not be renewed
  • Financial support for the Center for Origins Research and the Bryan Institute for Critical Thought and Practice will be reduced.
Elimination of full-time positions is being delayed until July 1 to give those involved an opportunity to seek other situations. The college will assist these individuals as much as is possible.

“This situation is a painful reminder that we must trust God for each day and trust Him to supply our needs. God has brought Bryan through the Depression, through a devastating fire, and through many other difficulties, and He will bring us through these times IF we are faithful to Him, His Word, and our mission,” Dr. Livesay said.

“This is not easy, and we are not going to ignore the issue nor paste it over with pie-in-the-sky solutions that simply buy time but ultimately pass the burden on to others. We will meet the issue as it is and will trust God to give us His wisdom. I am confident He will bless our efforts and Bryan will be stronger and, by His grace, more able to carry out our mission in the days to come.”


Body Found In Candies Creek Behind Cleveland Church

A body was found in a Cleveland creek on Sunday afternoon. Cleveland Police said the body was in Candies Creek behind the Westwood Baptist Church. The body was located just after 2 p.m. An autopsy was to be performed on Monday. (click for more)

Corker Seeks Information On Provision In Tax Reform Conference After "False Reports"

Following what he called false reports over the weekend about his involvement in the tax reform legislation, Senator Bob Corker wrote to Senate Finance Committee Chairman Orrin Hatch (R-Utah) on Sunday seeking information about where the provision in question originated. The senator is not a member of the tax-writing committee and had no involvement in crafting the legislation, ... (click for more)

The Growing Monopoly

Over the last decade, five tech giants have risen to the top, and created, discovered and invented services and products that have made these companies worth billions today. Those five, of course, are Facebook, Apple, Amazon, Microsoft, and Google. Each of these companies are responsible for several products and services that we use in our everyday lives. They have devoured the ... (click for more)

Roy Exum: Those We All Ignore

I was in the midst of my “morning readings” the other day when a number leapt off my computer screen. Hark, heralded angels, did you know in the state of Iowa there are two (2) inpatient psychiatry beds for every 100,000 people? I’m not the best with percentages but there are some people in Iowa who aren’t getting the help they need. There are roughly 3.2 million people living in ... (click for more)

Lady Mocs Rally Late To Trip Florida Gulf Coast

What a difference a week makes. Coach Jim Foster was verbally upset and unhappy following a sloppy and uninspired performance by the Chattanooga Lady Mocs and the result was an embarrassing 64-44 loss to Virginia Tech. The Lady Mocs were facing another really good non-conference opponent in the Florida Gulf Coast Lady Eagles, a member of the Atlantic Sun Conference.  ... (click for more)

Commerce Wins Bradley Invitational With Four Champs

CLEVELAND, Tenn. – The host Bradley Bears were the two-time defending champs in their own Bradley Invitational this weekend at Jim Smiddy Arena, but they weren’t able to make it a three-peat. The Commerce Tigers, a powerhouse Class A team from Georgia, had a slim three-point lead going into Saturday afternoon’s medal rounds, but after winning all four of their championship matches ... (click for more)