University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
June 21, 2011
Osprey Fountains at 9:00 a.m.

Agenda

Item 1 Call to Order 

Chair Taylor will call the meeting to order.  

Item 2 Minutes (March 15, 2011 and May 12, 2011) 

Chair Taylor will address the committee and ask for a MOTION to approve minutes from March 15 and May 12.  

 

Proposed Action: Approval. Motion and second required. 

Item 3 Open Comments  

Chair Taylor will address those in attendance and offer opportunity for open comments. 

 

Open Comments : No motion required. 

Item 4 Direct Support Organizations (DSOs) Budgets: (1) UNF Foundation, Inc., (2) UNF Training & Services Institute, Inc., (3) UNF Financing Corporation, Inc., and (4) MOCA, Jacksonville (Attachment 1, 2)

The purpose of this item is to present, for review, budgets for UNF’s DSOs, including the (1) UNF Foundation, Inc., (2) UNF Training & Service Institute, Inc., (3) UNF Financing Corporation, Inc., and (4) MOCA, Jacksonville. 

  

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

 

Proposed Action: No motion required.  

Item 5 Office of Internal Auditing – Quarterly Report  (Attachment 1, 2)

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

 

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

 

Proposed Action: For review only. No action required. 

Item 6 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: For review only. No action required. 

Item 7 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: For review only. No action required. 

Item 8 Emergency Regulation Amendment -- Schedule of Tuition and Fees Regulation  (Attachment 1, 2)

The purpose of this item is to present proposed amendments to the 2011–2012 tuition and fees regulation. The regulation will become effective upon approval of the Board of Trustees and the Board of Governors. 

 

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

 

Proposed Action: Approval. Motion and second required. 

Item 9 Approval of the Budget  (Attachment 1, 2)

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 UNF budget was discussed at a workshop May 12th. It is now being presented to this committee for review and approval to forward to the full Board. 

 

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

 

Proposed Action: Approval. Motion and second required.  

Item 10 Adjournment 

Chair Taylor will adjourn the meeting. 

The Finance and Audit Committee will join the Academic Affairs Committee to discuss the University Work Plan

Item 6 Update to the Multi-Year University Work Plan (Attachment 1, 2)

 

The Board of Governors (BOG) has specified that “Each board of trustees shall prepare a multi-year work plan/report for the Board of Governors that outlines its university’s top priorities, strategic directions, and specific actions and financial plans for achieving those priorities, as well as performance expectations and outcomes on institutional and system-wide goals.  The work plan/report shall reflect the university’s distinctive mission and focus on core institutional strengths within the context of State University System goals and regional and statewide needs.” 

 

This item was presented at the March 15 meeting, with a notation that the deadline for the work plan was May 26, 2011. The administration clarified that the Board of Governors had not sent all of the data at that time so this committee would be approving the work plan with anticipated updates and revisions. The administration is now presenting the finalized report, including updates and revisions to the 2011-2012 work plan. 

 

Provost Workman will address the committee and present this plan.  

 

Proposed Action: Approval. Motion and second required. 

Item 7 Adjournment 

 

Chair Hicks will adjourn the meeting.