University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
December 13, 2007
University Center at 8:30 a.m.

Agenda

Item 1 Call to Order 

Chair Twomey will call the meeting to order.

Item 2 Minutes (September 20, 2007

Chair Twomey will address the committee and ask for approval of the Finance and Audit Committee’s September 20, 2007 minutes.\

 

Proposed Action: Approval. Motion and second required.

Item 3 Open Comments 

Chair Twomey will address those in attendance and offer opportunity for open comments.

 

Proposed Action: No motion required.

Item 4 Athletics, Health and Activity and Service Fees (Attachment 1, 2)

The purpose of this item is to present the proposed increase for the student athletics, health and activity and service fees for 2008-2009. These fees were recommended by a committee of students, faculty and staff, and endorsed by the President.

 

Vice President Shuman will address the committee and present this item.

 

Proposed Action: Approval. Motion and second required.

Item 5 Parking Rate Schedule and Transportation Access Fee (Attachment 1, 2)

The purpose of this item is to present the proposed parking rate schedule and transportation access fee for 2008-2009. These recommendations were proposed by a university wide committee and are endorsed by the President.

 

Vice President Shuman will address the committee and present this item.

 

Proposed Action: Approval. Motion and second required.

Item 6 Housing Rental Rates for 2008-2009 (Attachment 1, 2, 3, 4, 5)

This is a request to approve new housing rental rates for 2008-2009, allowing the university to use accurate rates in recruitment documents for students who will be entering that year. These rates have been reviewed by students.  During this review, members of the student body raised issues concerning the proposed change in the cancellation fee. They did, however, agree with the increase in the housing rates themselves. 

 

All fee increases, including the change to the cancellation fee, were recommended by the Auxiliary Budget Committee. They are endorsed by the President.

 

Vice President Gonzalez will address the committee and present this item.

 

Proposed Action: Approval. Motion and second required.

Item 7 Memorandum of Understanding (MOU) between the Board of Trustees and the Training and Service Institute, Inc. (TSI) (Attachment 1, 2)

The MOU between the Board of Trustees and TSI is being presented to the committee for review prior to ratification by the Board of Trustees. It has been approved by TSI’s board of directors.

 

Vice President Shuman will address the committee and present this item.

 

Proposed Action: Approval. Motion and second required.

Item 8 Change to the 2007-2008 Audit Plan (Attachment 1, 2)

The purpose of this item is to present a proposed change to the 2007-2008 Audit Plan.

 

Mr. Robert Berry will address the committee and present the proposed change.

 

Proposed Action: Approval. Motion and second required.

Item 9 Audit Update (Attachment 1, 2)

The purpose of this item is to provide a status report and an explanation of the reporting format on the university’s internal audits.

 

Mr. Robert Berry will address the committee and present an audit update.

 

Proposed Action: Review. No motion required.

Item 10 Quarterly Budget Report (Attachment 1, 2)

The purpose of this item is to present this quarter’s budget report.

 

Vice President Shuman will address the committee and present this report.

 

Proposed Action: Review. No motion required.

Item 11 Review of Athletics Audit Report (Attachment 1, 2, 3, 4)

The Athletics Audit Report is being presented to the committee for review.

 

Vice President Shuman will address the committee and present the audit report.

 

Proposed Action: Review. No motion required.

Item 12 Treasurer’s Report (Attachment 1, 2, 3)

The purpose of this item is to present the current treasurer’s report. The discussion on this report will focus on the university’s current investments and its response to the actions taken by the State Board of Administration.

 

Vice President Shuman will address the committee and present this report. 

 

Proposed Action: Review. No motion required.

Item 13 Adjournment 

Chair Twomey will adjourn the meeting.