University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
March 12, 2008
UNF's Stadium Press Box at 8:30 a.m.

Agenda

Item 1 Call to Order 

Chair Twomey will call the meeting to order.

Item 2 Minutes (December 13, 2007

Chair Twomey will address the Committee and ask for approval of the Finance and Audit Committee’s December 13, 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 University of North Florida Board of Trustees – United Faculty of Florida 2007 Supplement to the 2004-2007 Collective Bargaining Agreement (Attachment 1, 2)

In a resolution adopted by the Board of Governors (BOG), with respect to personnel and collective bargaining the UNF Board of Trustees was designated as the sole public employer for purposes of collective bargaining negotiations for its employees. 

 

The United Faculty of Florida (UFF) and the collective bargaining committee appointed to represent the University of North Florida’s Board of Trustees have come to agreement on changes to the previously approved faculty collective bargaining agreement. Approved by UNF’s faculty, these changes are attached and are being submitted for ratification by UNF’s Board of Trustees.

 

Mr. Leonard Carson, UNF’s chief negotiator will present this item with Dr. Campbell, Associate Vice President for Academic Affairs.

 

Proposed Action: Approval. Motion and second required. 

Item 5 Student Loan Practices Code of Conduct Policy (Attachment 1, 2)

In response to the various national reports on student loan practices at some universities across the country, the Board of Governors’ staff has recommended a set of standards that would ensure that each state university follows the strictest of criteria in working with students to secure and process college loans. The purpose of this item is to present a policy that puts into place these standards. 

 

Vice President and General Counsel Stone will address the Committee and present this item.

 

Proposed Action: Approval. Motion and second required. 

Item 6 Child Development and Research Center Fee Increase for 2008-2009 (Attachment 1, 2)

Each year the University reassesses the fees associated with its Child Development and Research Center to determine what, if any, increases are needed to keep the Center operational.

 

This year the University recommends the increases in fees shown on the schedule included in the meeting materials.

 

Mr. Malcolm, Associate Vice President for Student Affairs, will present this item.

 

Proposed Action: Approval. Motion and second required. 

Item 7 Capital Improvement Trust Fund (CITF) (Attachment 1, 2, 3)

Every three years the State releases funds generated by the CITF. In preparation for the release of these funds, the Board must approve the plans for expenditure of the funds. Because the funds are being released a year earlier than anticipated, the universities were required to submit their plans by February 29th, under the signature of the Board Chair. The letter was to confirm that these plans would be taken to the local board of trustees for approval.

 

The attached documentation shows the letter and the plans for expenditure of these funds. 

 

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

 

Proposed Action: Approval. Motion and second required. 

Item 8 Update on the Auditor General’s Operational Audit (Attachment 1, 2)

The purpose of this item is to provide an update to the Finance and Audit Committee on the preliminary and tentative findings and recommendations for UNF’s operational audit for the fiscal year ended June 30, 2007.

 

Vice President Shuman will address the Committee and present this update.

 

Proposed Action: Review. No motion required. 

Item 9 Follow-Up on the Status of the Approved Audit Report (Attachment 1, 2)

The purpose of this item is to provide a summary of the Office of Internal Auditing’s 2007 – 2008 activities.

 

Mr. Berry, Interim Director Internal Auditing, will address the Committee and present a summary of internal auditing activities and initiate discussions on other subject matters that may require Committee disclosure/attention.

 

Proposed Action: Discussion. No motion required. 

Item 10 Quarterly Budget Report (Attachment 1, 2, 3, 4)

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 Treasurer’s Report (Attachment 1, 2)

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

 

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

 

Proposed Action: Review. No motion required. 

Item 12 Adjournment 

Chair Twomey will adjourn the meeting.