University of North Florida
Board of Trustees
Finance and Audit Committee

  • Budget Workshop
May 23, 2013
Osprey Commons, Talon Room at 2:30 p.m.

Minutes

Members Present 

Bruce Taylor, Hugh Greene, Rad Lovett, Joannie Newton, Lynn Pappas, Myron Pincomb, Gordon Rakita, Sharon Wamble-King

Members Absent 

Carlo Fassi, Fred Franklin, Joy Korman, Oscar Munoz, Lanny Russell

Item 1 Call to Order 

Chair Taylor documented a quorum and called the meeting to order at 2:30 p.m.

Item 2 Discussion on the Budget 

Chair Taylor informed trustees that this was an informative meeting and would not require any decisions. He asked Vice President Shuman to present the proposed 2013-2014 budget.

 

Vice President Shuman stated that the proposed budget assumed (1) a 1.7 percent tuition increase for in-state undergraduate and graduate students, and (2) 10,600 FTE. She clarified that the total general revenue and lottery for 2013-2014 was $76.5 million. She also clarified that 4.6 percent of the operating budget would be set aside for reserves.

 

Vice President Shuman spoke about the budget process, noting that each division reviewed their operations for reductions, and the controlled spending committee and vacancy pool remained empaneled to review spending throughout the year.

 

Vice President Shuman provided details on revenues and divisional reallocations, noting that there was a $7.2 million increase for 2013-2014. She reported that a portion of new allocations would include faculty and staff raises.

 

Vice President Serwatka reported on outcomes of the university’s 2012-2013 goals, including an increase in the freshman profile, an increase in tenure and tenure-earning faculty, and an increase in freshman to sophomore retention. Other outcomes included an increase in minority representation particularly among students, but also among faculty and staff.

 

Vice President Serwatka stated that the university would be preparing for the fifth-year review for SACS reaccreditation, which would include a major focus on community-based transformational learning opportunities. He provided examples for community-based transformational learning endeavors, noting that UNF would continue to fund departmental grants to increase community-based education in coursework. 

 

He spoke about the newly implemented Freshman Year Experience and reported that mandatory freshman housing had been executed with results being positive. Vice President Serwatka conveyed that student life activities had doubled, with an example being Osprey Nation membership, which had increased from 64 in 2011-2012 to 951 in 2012-2013.

 

Vice President Serwatka reported on outcomes related to technological resources, noting that the university had increased the internal network communication speeds by 1,000 percent. He highlighted other outcomes related to fiscal and physical resources, including retention of faculty lines and an increase in need-based financial aid. He spoke about rebates because of increased uses of the P-Card, savings on water and sewer charges and savings resulting from out-sourced student e-mail.

 

Vice President Serwatka highlighted 2012-2013 capital projects, noting that construction was completed on the Student Wellness Center, the Osprey Café, the Faculty Commons and the Talon Room. Also the university had received $4 million in funding for renovating the Skinner-Jones Hall.

 

Vice President Serwatka concluded comments about accomplishments, reporting that the university had just completed Northeast Florida’s most successful capital campaign ever, raising over $130 million.

 

Vice President Serwatka reported on new initiatives for the 2013-2014 year, including strides in research and start-up funds for new faculty. He noted that library acquisitions would be funded through recurring dollars. Also, the university had plans to implement a student virtual lab, to increase distance-learning courses and to increase freshmen connectivity and bonding. And, plans are to operate a full-force data analytics program and recruit 28 tenure-earning faculty. Additionally, the university will continue funding for the Environmental Center, and continue the Global Issues Forum, Distinguished Voices lectures and the Civil Discourse series with OneJax. Other initiatives included renovations on Skinner-Jones North, a fully implemented work-management system, a new card-key system and improved student billing.

 

Vice President Shuman provided handouts, listing budget requests, sources and uses and E&G allocations by division. She also provided a trend analysis and asked trustees for questions and/or comments. Trustees spoke briefly about positive efforts of the staff and Chair Taylor adjourned the meeting at 3:45 p.m.