The meeting commenced at 12:33pm.

Mina Baliamoune, Hong Chen, Lynn Jones, Albert Loh, Zornitza Prodanoff, Kathy Robinson, and Greg Wurtz

None

Janet Owen & Shari Shuman

m/s/p (motion; second; pass) Oct. minutes

Chair Lynn Jones reminded the committee that the salary file was not yet available.  A joint statement (UNF negotiator Leonard Carson & UFF negotiator Henry Thomas) was released via email on Friday, Nov. 4th.

Greg Wurtz attended the Nov. 9th FA Executive committee in the chair’s absence.  Four items were brought back to our committee:  1)  lack of quorum at FA meetings; 2) elections for the nominations & elections committee; 3) pilot of FA electronic voting; and 4) financial compensation for Academic Programs Committee.

Janet and Shari made a formal presentation, “What’s in Store for FY 2011 – 2012?”  Major points from governmental affairs (Janet) were:

1)

supermajority so legislature can override governor’s vetoes

2)

2011 legislative session includes committee meetings in Dec, Jan, and Feb & the regular session (60 days) begins March 8th (i.e., through May 8th);

3)

2011 – 2012 Budget Outlook:  the state is projecting a $2.5B budget shortfall (this is a reduction from the earlier forecast of $5.6B); population growth is flat; personal income is steadying; high unemployment rates continue (52 of 67 counties with 10% or higher); and housing starts to enter positive territory.

4)

Projected General Revenue Growth Rates:  2011-2012 7.4%; 2012-2013 6.8%; and 2013-2014 6.1%.

5)

New Florida 2011: Total SUS funding is $150M.  UNF’s projected share is $5,368,631 allocated as $2M for enrollment growth and $3.368,631 for (science, health, & technology) research.  Enrollment growth:  The state’s goal is to increase access to and production of degrees.  This funding enables UNF to respond to enrollment demand by restoring critical faculty lines. Research: The state’s goal is to build world-class academic programs and research capacity.  This funding increases graduate enrollment as well as research activity in these critically important fields.

See http://www.flbog.org/new_florida/ for more information.

6)

Economic & Demographic Resource (EDR) is provided by economists to the legislators.  The most recent report is the 11/6/10 EDR, and the economists will reassess and revise the report.  The EDR information was incorporated in Janet’s presentation.  For complete information visit

The major points from finance and administration (Shari):

1)

PECO requests (to fund UNF capital projects) total $26M;

2)

2010-2011Operating Budget total $231,939,399

3)

The detail for the above will be incorporated in the FA information items for the budget process.

None

Respectfully submitted 11/22/10

Lynn C. Jones, PhD, CPA