University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
March 18, 2014
Osprey Commons, Talon Room at ~10:15 a.m.

Agenda

Item 1 Call to Order  

Chair Lovett will call the meeting to order.

Item 2 Minutes (January 7, 2014) 

Chair Lovett will ask for approval of the minutes from the January 7, 2014 meeting.

 

Proposed Action – Approval – MOTION and Second Required

Item 3 Open Comments  

Chair Lovett will offer opportunity for open comments concerning items on this agenda.

Item 4 Market-Rate Tuition for Graduate Program – Special Education 

Through the university’s collaboration with Academic Partnerships, UNF launched three on-line graduate programs. The Board of Trustees approved Market-Rate Tuition at $1,375 per three-credit course ($458.33 per credit hour) for each of the three graduate programs.

 

At the time of the Board’s consideration, the university expressed concerns that there might be a need to lower tuition for the Special Education program, as there were other programs with a lower tuition. Continued analysis shows that UNF’s current rate would be higher than six other State University System institutions. In light of this, the university would like to propose a lower Market-Rate Tuition for the Special Education on-line degree program, to be set at $368 per credit hour. The university has clarified with the Board of Governors that we can launch the program with tuition up to the Market-Rate Tuition approved, but not above.

 

Interim Provost Traynham will address the committee and present this item.

 

Proposed Action – Approval – MOTION and Second Required

Item 5 Auditor General's Report on Federal Awards Audit

The purpose of this item is to provide an update to the Finance and Audit Committee on the preliminary and tentative findings and recommendations from the State of Florida’s Auditor General for UNF’s federal awards audit for the fiscal year ended June 30, 2013.

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

 

Report – No Action Required

Item 6 Office of Internal Auditing Quarterly Report

This item provides a report for this quarter's activities in the Office of Internal Auditing.

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

 

Report – No Action Required  

Item 7 Quarterly Budget Report  

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

 

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

 

Report – No Action Required

Item 8 Treasurer’s Report  

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

 

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

 

Report – No Action Required  

Item 9 Adjournment 

Chair Lovett will adjourn the meeting.