University of North Florida
Board of Trustees
Finance and Audit Committee

Budget Workshop, Meeting
May 18, 2006
University Center at 8:30 a.m.

Agenda

Item 1 Call to Order

Chair Twomey will call the meeting to order.

Item 2 Approval of the Minutes (December 15, 2005; February 22, 2006; March 16, 2006

Chair Twomey will ask for approval of the minutes from December 15, 2005; February 22, 2006 and March 16, 2006.


Proposed Action: Approval. MOTION and second required.  

Item 3 Open Comments

Chair Twomey will invite guests to make comments on items on this agenda.

Item 4 Delegation of Authority to Settle Lawsuits

Section 1001.72(1), Florida Statutes, authorizes the University’s Board of Trustees to settle lawsuits. The University is requesting that the Board of Trustees delegate the authority to settle lawsuits to the President of the University.


Proposed Action: Approval. MOTION and second required.   

Item 4 Child Development Research Center Fees

Each year the University reassesses the fees associated with its Child Development and Research Center to determine what, if any, increases are needed to keep the Center operational.

This year the University recommends the increases in fees shown on the attached schedule. These increases will also necessitate an amendment to the regulation.


Proposed Action: Approval. MOTION and second required.    

Item 5 Housing Rates

This is a request to approve new housing rental rates for 2007/2008, allowing the University to use accurate rates in recruitment documents for students who will be entering that year. These increases will also necessitate an amendment to the regulation.


Proposed Action: Approval. MOTION and second required.     

Item 6 Campus Development Agreement

Recently, the Board adopted an update of the campus master plan for UNF. Upon adoption of this campus master plan update the Board and the City of Jacksonville are required to enter into a campus development agreement. This agreement identifies any deficiencies in public facilities and services which the proposed campus development would create or to which it would contribute, as well as the improvements which are necessary to eliminate these deficiencies. This plan must be approved by the Board and the City.

The University is presenting the current plan to the Finance and Audit Committee for review and approval. 


Proposed Action: Approval. MOTION and second required. 

Item 7 Auditor General Operational Audit

The purpose of this discussion is to provide an update for the Finance and Audit Committee on UNF’s progress in meeting the plan of action outlined in the University’s response to the September 2005 Operational Audit by the Auditor General’s Office.


Proposed Action: Review. No MOTION required. 

Item 8 Treasurer's Report

Attached is the treasurer’s report for the period of January through March 2006, for review by the Finance and Audit Committee.


Proposed Action: Review. No MOTION required.  

Item 9 Quarterly Budget Report

Attached is this quarter’s budget report, which has been prepared for review by the Finance and Audit Committee.


Proposed Action: Review. No MOTION required.   

Item 10 Update on Aquatic Center

The Finance and Audit Committee discussed the diminished state of the aquatic center at their March 16th meeting. Chair Twomey asked that a report be prepared for the next committee meeting. This report is attached.


Proposed Action: Update. No MOTION required.    

Item 11 Adjournment

Chair Twomey will adjourn the meeting.

Budget Workshop - Presentation and Supporting Documents