University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
January 18, 2011
University Center at 9:00 a.m.

Agenda

Item 1 Call to Order  

Chair Twomey will call the meeting to order.

Item 2 Minutes (September 2, 2010

Chair Twomey will address the committee and ask for a MOTION to approve the minutes from the September 2, 2010 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.

 

Open Comments: No motion required. 

Item 4 Proposed Amendments to the UNF Board of Trustees Bylaws (Attachment 1, 2)

The purpose of this item is to present for approval proposed amendments to the UNF Board of Trustees bylaws. The substantive revision includes adding a committee on Student Life and Facilities.

 

Vice President Tom Serwatka will address the committee and present this item.

 

Proposed Action: Approval. Motion and second required. 

Item 5 Parking Rate Schedule (Attachment 1, 2)

The purpose of this item is to approve the proposed parking rate schedule. There is one minor change to the 2011-2012 parking permit rate structure. The university is recommending a reduction in the cost for a designated permit by $10. Eighteen months worth of data show that there are always multiple designated spaces available on campus and therefore the ratio of permits sold to spaces available should be increased. With more permits sold per space, the cost for the permit should be reduced.

 

This recommendation was proposed by a university-wide committee and is endorsed by the President.

 

Vice President Shuman will address the committee and present the proposed parking rate schedule.

 

Proposed Action: Approval. Motion and second required. 

Item 6 Activity and Service Fees, Athletics Fees, and Health 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 2011‑2012. 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 the activity and service fees, athletics fees, and health fees.

 

Proposed Action: Approval. Motion and second required. 

Item 7 Proposed Revisions to the Debt Management Guidelines (Attachment 1, 2)

The purpose of this item is to present proposed revisions to guidelines which confirm that UNF and its DSOs engage in sound debt management practices. These guidelines ensure that the Board of Trustees receives formalized guiding principles for the issuance of debt by UNF and its DSOs.

 

Vice President Shuman will address the committee and present proposed revisions to the debt management guidelines.

 

Proposed Action: Approval. Motion and second required. 

Item 8 Independent Accountant’s Report on Applying Agreed-Upon Procedures, Intercollegiate Athletics Program (Attachment 1, 2)

The purpose of this item is to provide the Board of Trustees with an independent accountant’s report on the financial statements for Athletics in accordance with guidelines set forward by the National Collegiate Athletic Association.

 

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

 

Proposed Action: No motion required. 

Item 2 Return of Organization Exempt from Income Tax, Form 990: (1) UNF Training and Services Institute, Inc.,  (2) UNF Financing Corporation, (3) UNF Foundation, Inc., and (4) MOCA, Jacksonville (Attachment 1, 2, 3, 4, 5)

This item is in response to the Board of Governors’ requirement that the Board of Trustees review the university’s direct service organizations federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990).

 

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

 

Proposed Action: No motion required. 

Item 10 Update on the Student Wellness Complex’s Bond Issue (Attachment 1, 2)

The purpose of this item is to present an update to trustees on the Student Wellness Center’s bond issue.

 

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

 

Proposed Action: No motion required.  

Item 11 Office of Internal Auditing – Quarterly Report  (Attachment 1, 2)

 

The purpose of this item is to present a report to the Board of Trustees for this quarter’s activities in the Office of Internal Auditing.

 

Mr. Robert Berry, director, Office of Internal Auditing, will address the committee and present the update.

 

Proposed Action: No motion required.  

Item 12 Quarterly Budget Report (Attachment 1, 2)

This item provides a review of this quarter’s budget report.

 

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

 

Proposed Action: No motion required.  

Item 13 Treasurer’s Report (Attachment 1, 2)

This item provides an overview of the current treasurer's report.

 

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

 

Proposed Action: No motion required.  

Item 14 Adjournment 

Trustee Twomey will adjourn the meeting.