University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
June 26, 2007
University Center, Room 1058 at 1:30 p.m.

Agenda

Item 1 Call to Order

Chair Twomey will call the meeting to order.

Item 2 Minutes (May 17, 2007) (Attachment 1)

Chair Twomey will address the committee and ask for approval of the minutes from the Finance and Audit Committee’s May 17, 2007 meeting.

 

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 Schedule of Tuition and Fees (Attachment 1, 2, 3

In response to the recent veto of an in-state undergraduate tuition increase and in keeping with the Board of Trustees’ authority to (a) raise out-of-state and graduate tuition, (b) set differential tuition for certain graduate programs, and (c) establish a differential tuition rate for students from states contiguous to our service region, the University proposes the attached tuition and matriculations fees for 2007-2008. 

 

Vice President Shuman will address the committee and present the schedule of tuition and fees.

 

Proposed Action: Approval. Motion and second required.

Item 5 Tuition and Fees Regulations (Attachment 1, 2, 3, 4)

The purpose of this item is to present proposed amendments to the 2007 – 2008 tuition and fee regulations.  In accordance with the Board of Governors Regulation Development Procedures, the tuition and fee regulations will be promulgated as Emergency regulations.  Emergency promulgation is being undertaken in order to protect public interest and ensure the amended rates and fees are in full force and effect for 2007 – 2008 academic calendar.  Once the full Board of Trustees has voted to adopt the select regulations (tuition and fee regulations) as emergency regulations, they will become effective immediately and will remain in effect for 90 days.  The select regulations will be promulgated simultaneously as non-emergency regulations and submitted to the Board of Governors for final approval.  The Board of Governors will have up to 60 days to approve or disapprove the select regulations. 

 

Approval required, with the express delegation of authority to the President to revise in accordance with any future BOG directives, in consultation with the Chair. 

 

Vice President Shuman will address the Board and present the tuition and fees regulations.

 

Proposed Action: Approval. Motion and second required.

Item 6 UNF Budget (Attachment 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12

Each university board of trustees is required to approve the university budget prior to submission to the Florida Board of Governors and the Florida Legislature. The Finance and Audit Committee held open workshops on the attached budget proposal and is seeking a recommendation for approval to the Board of Trustees. 

 

Vice President Shuman will address the committee and present UNF’s budget.

 

Proposed Action: Approval. Motion and second required.

Item 7 One-Year and Five-Year Capital Requests (PECO) Submissions (Attachment 1, 2

The Board of Trustees is charged with approving and submitting the PECO plan for the University in consultation with the President. The attached schedule shows UNF’s proposed PECO submissions. Each of the items included in this proposed request is consistent with the University’s strategic plan.

 

Vice President Shuman will address the committee and present the PECO submissions.

 

Proposed Action: Approval. Motion and second required.

Item 8 Annual Capital Outlay Plan for Fiscal Year 2007-2008  (Attachment 1, 2)

According to Florida Statutes, the Board of Trustees shall, each year, adopt a capital outlay budget for the upcoming year in order that the University’s capital outlay needs may be well understood by the public.

 

This plan shall designate the proposed capital outlay expenditures by project from all fund sources.  Attached is the Annual Capital Outlay Budget for Fiscal Year 2007-2008.

 

Vice President Shuman will address the committee and present the Annual Capital Outlay Plan.

 

Proposed Action: Approval. Motion and second required.

Item 9 Bond Financing Update for the Student Union and Student Housing (Attachment 1)

The purpose of this item is to provide an update on the pricing and sale of bonds for the Student Union building and student housing.

 

Vice President Shuman will address the committee and present an update on bonding for the Student Union building and student housing.

 

Proposed Action: Review.No motion required.

Item 10 Adjournment

Chair Twomey will adjourn the meeting.