MU BOG January 14, 2009 Meeting Notes
January 14, 2009
MU BOG Meeting notes
AGENDA: http://www.marshall.edu/ill/09-BOG/BOG-AGENDA-JAN-14-09.pdf
Minutes approved
2009 March 12, April 30, June 18 meeting dates confirmed
President’s Report (Dr. Kopp)
· Dec 6 convocation was a success; Dr. Miller was the keynote speaker; in the future this will become a full commencement because feedback a so positive from students and parents. The turn-out was excellent; the attendees filled the Keith Albee and more participation is expected next year.
· The MU Institute for Interdisciplinary Research is up and running; the first researcher is in place along with personnel and over a million dollars in grants; he is bringing an additional 8 people to the lab.
o Univ of KY meetings – WVU colleagues and members of the Dept of Commerce attended; the group met to learn more about their experiences re: bucks for brains; the UK president will be coming to MU to view the interdisciplinary research institute. They have raised 1.8 m and have 1.1 m verbal commitments so far.
· Financial planning & forecasting – Anita Lockridge is moving us forward; we need to realign our systems to support what we have; austerity budget planning measures are in place for ‘09; each VP has been informed to anticipate the forecast of potential down-turn in the state.
· Recruitment & retention – Dr. Ormiston is generating a compressive plan for recruitment and retention; it is very specific and focused to help produce sustainable measures.
· Leadership summit – a comprehensive compensation plan is being developed and will be shared with the board.
· Recruitment – the search for a director should be resolved soon; special thanks to Dr. Tammy Johnson.
· New student recruitment initiatives due to lessons learned:
o Ongoing practice to establish relationships with prospective students between application and actual matriculation; should help improve admission yield over-all; also providing enrollment advisors; completed application yield is also improved (includes mailings and personal calls; telecounseling efforts)
o Border state and Appalachian recruitment – electronic marketing yields a target of 133K students eligible for admission under these new guidelines
o Admission – non res/metro up 16.4% (204); overall up 7.9% ; trend analysis indicates we will meet or exceed our 5% freshmen enrollment projection; we are ahead of last year.
· Intuit project for FAFSA – close to the beta test; should announce in February; thanks to Dr. Fox’s efforts.
· Capital projects – 1.4 m renovation work has been completed such as the MSC basement; another 1.8 m renovations are underway on campus; early February is the target for a soft opening of recreation center; grand opening likely in March.
· New degree program – DPT; Dr. Kopp is very excited about the MUSOM and CHP collaboration to make this happen; the program is poised to meet a critical need in this area with a competitive and timely program that will generate a program of excellence and help grow enrollment.
· Committee restructuring proposal for MU BOG – over-all response was positive; should go into effect July 1; new committee appointments will be made.
Finance Committee (Mr. Perry)
· Page 1 of the agenda packet – indirect cost service agreement w/ MCTC; Extraction of data is a costly and a lengthy process. The committee proposed the development of another committee that could resolve this and other issues and bring this process to conclusion. This committee would include reps from both boards to resolve the admin issues and financial considerations.
o New committee was approved.
· Page 27 – financial statements & investments update: we are within our budget; we are concerned re: the country and state’s economic situation; the committee and university admin are working on contingency planning measures; athletic income for season tickets dropped by 1.5 m due to the WVU game.
· Investment update – major dip in every fund; however, the recent quarter is not as bleak; also the over-all health of the fund is good in spite of the national economic crash in the fall. No surprises; the status of our fund is directly related to the status of the economy. We are still in the black.
· Residence Halls & Capstone Project (Public/Private) - we are on schedule with our budgets.
· Page 41 – lottery bond funding; see seven projects listed on page 43; the university uses the return from this lottery fund to fund these projects.
o Approval to move ahead.
· University Heights – sold to Prestera; should be closed this Friday at 3 p.m.; these funds go into a state account by law; MU will ask legislative colleagues to redirect these funds back to the university with some flexibility.
· Doctorate in Physical Therapy (Business Plan) – Dr. McKown also provided three financial updates re: the medical school; the MUSOM budget is on target; practice plan is still under same constraints as before; looking forward to how the new administration in Washington impacts this.
o The Forensic Science building expansion is well underway; expected to open on schedule.
o Logan Co. Rural Co. health center update: 2.9 million project; 2 story building to serve Logan and Mingo counties; Logan Healthcare Foundation approved a 25-year site lease for $1 per year.
· Auditor’s report (Perry Chafin)
Academic committee (Monica Brooks)
· Information item - 07-08 tuition waiver report; numbers decreased due to loss of MCTC; numbers are similar to last year.
· The other was an action item that required a vote – Dr. Shortie McKinney, Dean of the college of health professions provided details on a proposal to develop a doctorate in physical therapy. The BOG approved the program proposal.
Athletic Committee (Mr. Farrell)
· We are in full compliance w/ our NCAA report/conditions; Academic summary for the fall was very positive.
Executive Session
