University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
May 17, 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 (April 23, 2007

Chair Twomey will address the committee and ask for approval of the minutes from the Finance and Audit Committee’s April 23, 2007 conference call.

 

Proposed Action: Approval. Motion and second required.

Item 3 Open Comments 

Chair Twomey will address the committee and offer opportunity for open comments.

 

Proposed Action: No motion required.

Item 4 Acceptance of Deed to Property Currently Owned by UNF Training and Service Institute (TSI)  

The purpose of this item is to request approval from the Board of Trustees to accept, from TSI, delivery of a deed to land in the First Coast Technology Park, acquired by TSI in May 2004.

 

Vice President Shuman will address the committee and present this request for Board acceptance of a deed to property currently owned by TSI.

 

Proposed Action: Approval. Motion and second required.

Item 5 Resolution Authorizing the Issuance of Debt for Student Housing 

The purpose of this item is to seek approval to authorize the issuance of debt by the University of North Florida Financing Corporation (UNFFC) and, subsequently, to request approval from the Florida Board of Governors (BOG) to approve the issuance of debt to finance the construction of 1,000 beds student housing facilities on the eastern ridge of campus and to refinance existing debt.

 

Vice President Shuman will address the committee and present the resolution authorizing the issuance of debt for student housing.

 

Proposed Action: Approval. Motion and second required.

Item 6 Approval of a Revision to the Resolution for Bonding for the Student Union Building 

The purpose of this item is to approve a revision to the resolution passed by the Board of Trustees to authorize bonding to partially finance the new Student Union building. In that project description the estimated cost of the Student Union was $48,000,000.  This number needs to be increased to $50,000,000.

 

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

 

Proposed Action: Approval. Motion and second required.

Item 7 Direct Support Organizations (DSO’s) Budgets 

The purpose of this item is to present, for review, budgets for UNF’s DSO’s, including UNF’s Financing Corporation (UNFFC), the Training and Service Institute (TSI) and the UNF Foundation, Inc.

 

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

 

Proposed Action: Review. No motion required.

Item 8 UNF’s Financial Statements Audit from the Auditor General 

The purpose of this item is to present an audit update to the Finance and Audit Committee.

 

Vice President Shuman will address the committee and present an audit update.

 

Proposed Action: Review. No motion required.

Item 9 Quarterly Budget Report 

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

 

Vice President Shuman will address the committee and present the quarterly budget report.

 

Proposed Action: Review. No motion required.

Iem 10 Treasurer’s Report 

The purpose of this item is to present the current treasurer’s report.

 

Vice President Shuman will address the committee and present the current treasurer’s report.

 

Proposed Action: Review. No motion required.

Item 11 Adjournment  

Chair Twomey will adjourn the meeting.

Budget Workshop