I’m involved in a Facebook page on the subject.

Here are a list of links to articles on the subject:

• http://www.calvin.edu/chimes/2012/11/02/calvin-plans-for-upcoming-budget-shortfall/
• http://blog.christianitytoday.com/ctliveblog/archives/2012/11/calvin-college-finance-vp-steps-down-amid-debt-concerns.html
• http://www.thebanner.org/news/2012/10/calvin-college-faces-financial-challenge
• http://thebanner.org/news/2012/11/calvin-college-vp-of-finance-steps-down
• http://www.calvin.edu/chimes/2013/02/01/le-roy-reveals-budget-development-concerns-debt-payment-details-2/
• http://www.mlive.com/news/grand-rapids/index.ssf/2012/10/failing_financial_investments.html
• http://www.grbj.com/articles/74760-calvin-college-faces-budget-shortfall-by-2017

From the February Calvin BOT Meeting

• http://www.calvin.edu/admin/president/finances/
  
• http://www.calvin.edu/admin/president/finances/summary.html
• http://www.calvin.edu/admin/president/finances/letter.html
• Chimes on the reports.  and graphics
• The Banner piece

On the Investment Side

• Seeking Alpha on questions of conflict of interest

Quotes from the Chimes Piece:

it’s clear that President Le Roy wants there to be transparency and welcomes input especially from students.

From the first story:

“Le Roy echoed the analogy, noting that too many different people were in charge of overseeing different parts of the budget. And, he noted, no one was talking about it.

“I noticed there wasn’t a culture here of lots of faculty and staff looking at finances and asking questions,” he said. This was in contrast to his previous job as provost of Whitworth University, where many in the community would read budget reports closely and ask questions.

This lack of communication and transparency in financial matters combined with the increasingly complex landscape of higher education, created a perfect storm for unforeseen costs to arise.”

Also

“The college is planning to use a bottom-up method for the prioritization process. Beginning after Christmas, Calvin will hold a series of public forums where all community members can make their voices heard. Then, each department and program chair will be asked to look at her group’s structure and costs and make a recommendation to the newly-restructured Planning and Priorities Committee about which programs should have priority.

“It will be a very open process, and everyone will know what the criteria are,” said Le Roy.

Le Roy also hopes to get students engaged in the process, letting the college know what’s important and what’s not. “When we look through the eyes of students,” he said, “We see what’s really important.””