benefits for FY14. An update was given on the Pay or Play which is part of the Affordable Health Plan and it was noted that the university has an affordable plan.

Resource Services

Mrs. Candace Raglin, Human Resource Manager, gave an update on several value added services that United Healthcare is providing; Wellness Program, Biometric Screening Fall of 2013, MyHealthcare Cost Estimator and Health 4 Me (App).

FY2014 Financial Plan

Vice President Lockridge showcased the participants that assisted in the building of the budget under the leadership of President Sias. Lockridge presented the Budget proposal for Fiscal Year 2013-2014. A recommendation was made to increase tuition and mandatory fees, board plan fees and other fees.

Action: Motion to approve the F☐201☐ budget as presented was made by Regent Whitehead and seconded by Regents Banks. The motion passed.

V. Adournment

The Finance and Business committee meeting was adjourned at 10:58am.

Submitted by:

Approved by:

Anita Lockridge, Vice President for Finance and Business Affairs

Lavaughn Henry, Chairperson Finance and Business Affairs Committee

___ Approved with no corrections

_____ Approved with corrections