Dr. Sias discussed the university's budget process and priorities for the upcoming fiscal year. During the Spring semester, Dr. Sias appointed a campus-wide committee that reviewed the various competing priorities important to the university. The committee collaboratively determined the budget priority recommendations.
Dr. Sias reported that highlights of the University budget recommendation include: a 3% salary increase for employees on October 1, 2011; campus security gate construction to begin July 2011; and transferring $2.6 million from reserve operating funds to balance budget
AGB Publication: Top Public Policy Issues for Higher Education in 2011 and 2012:
The members of the Board of Regents were presented copies of the AGB Publication for review.
Finance and Administration:
Regent James presented the Finance and Administration Committee report. Board members were provided with attachments from this Committee. There were two recommendations for action from this Committee.
Action: Motion was made to approve the Fiscal Year 2012 University Budget Plan. A second was not necessary. The motion passed.
Action: Motion was made to approve of 2011-12 Tuition and Fees rates, including in-state tuition for veterans. A second was not necessary. The motion passed.
On behalf of Regent Bearden, Regent Conner presented the Academic Affairs Committee report. He thanked retiring Interim Provost and Vice President of Academic Affairs, Dr. James Chapman for his outstanding service to the university and wished him well on the occasion of his retirement from the university effective June 30, 2011.
Action: Motion was made to approve a one (1) semester faculty sabbatical leave for Dr. April Fallon for Spring 2012 by Regent Conner. A second was not necessary. The motion passed.
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