University of North Florida
Board of Trustees

  • Meeting
January 20, 2005
University Center at 2:00 p.m.

Agenda

Item 1 Call to Order and Approval of Minutes (November 2, 2004)

Chair Thompson called the meeting to order and asked for approval of the minutes from the November 2, 2004 meeting.

 

Proposed Action -- Approval -- Motion and second required.

Item 2 Public Comment Period

Chair Thompson will address those in attendance and offer opportunity for comments on items on this agenda.

Item 3 Chair's Report

Chair Thompson will address the Board and present the Chair's report.

Item 4 President's Report

President Delaney will address the Board and present the President's report.

Item 5 Finance and Audit Committee Report

Item 5A Signature Authority for Checks

This is a request to authorize five additional employees to sign checks to pay legal obligations of the University in compliance with Section 1011.42(7) F.S. This request has been reviewed and recommended for approval by the Finance and Audit Committee.

 

Proposed Action -- Approval -- Motion and second required.

Item 5B Parking Fees

Each year the University reassesses fees associated with University parking to determine what, if any, increases are needed to maintain parking services.

This year the University recommends the increases in parking fees as shown on the attached schedule.

Proposed Action -- Approval -- Motion and second required.

Item 5C Florida LambdaRail

The University of North Florida proposes to join a consortium known as Florida LambdaRail. This consortium, which has applied for 501(c) (3) status, was established by nine other public and private universities to build out and operate a high-speed network infrastructure that would support faculty inter-institutional research and other university computing needs. Florida’s LambdaRail will also allow participating institutions to connect to the National LambdaRail.

The University requests Board approval of a resolution for support of the Florida LambdaRail (FLR). The FLR has identified a financial partner, Northern Trust Bank of Florida, willing to work within the unique restrictions such a public/private partnership engenders, specifically that state institutions are prohibited by state law from formally guaranteeing a loan for an outside consortium. To accommodate this restriction, Northern has greed to accept a non-binding “comfort” resolution supporting the project from each institution’s Board of Trustees.

The attached resolution is being presented for Board approval. It has been reviewed by University administration and is in the form requested by Northern Trust.

Proposed Action -- Approval -- Motion and second required.

Item 5D UNF Investment Policy

Florida Statute 1011.42 requires that investments of university funds shall comply with the requirements of Florida Statutes for the investment of public funds by local government. One of the requirements is a written investment policy to be adopted by the governing body. The attached investment policy is in compliance with Florida Statute 218.415 Local Government Investment Policies.

Proposed Action -- Approval -- Motion and second required.

Item 5E October Treasurer's Report

As discussed in previous BOT and committee meetings, the Administration and Finance vice president’s office will provide more frequent reporting of University finances in the form of quarterly reports including a treasurer’s report. The October treasurer’s report has been reviewed by the Finance and Audit committee and is being presented to the full Board for review as well.

Proposed Action -- Report -- No motion required.

Item 6 Naming Policy

At their May 27, 2004 meeting, the Finance and Audit Committee meeting recommended changes to the University’s naming policy to include guidelines for naming buildings after individuals who have made significant contributions to the development of the University. At the October 14, 2004 BOT meeting, trustees asked to review the policy at their next workshop and have it vetted through the University constituent groups again. The attached policy incorporates the recommended changes for approval by the Board of Trustees. The policy has been reviewed by legal counsel, administration, and the University’s constituent groups.

Proposed Action -- Approval -- Motion and second required.

Item 7 Legislative Update

Vice President Owen will address the Board and present an update from Tallahassee.

 

Proposed Action -- Report -- No motion required.

Item 8 Adjournment

Chair Thompson will adjourn the meeting.