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AGENDA
Meeting of the Board of Trustees University of Kentucky
1:00 P.M.
April 25,2006
18 th Floor Patterson Office Tower
Roll Call
Approval of Minutes - (Consent)
Minutes - March 7, 2006 President's Report and Action Items
PR 1          President's Report to the Trustees
College of Education Report - Dean James Cibulka PR 2          Personnel Actions (Consent)
PR 3          Proposed Revision to the Governing Regulations   (Reviews of Educational
Units and Their Chief Administrative Officers) PR 4          Appointment of Board of Directors, University of Kentucky Business
Partnership Foundation, Inc.
Academic Affairs Committee Report
AACR 1     Candidates for Degrees - University System (Consent) AACR 2    Candidates for Degrees - Bluegrass Community and Technical College (Consent)
Audit Subcommittee Report Finance Committee Report
FCR 1        Bell Alcohol and Addictions Chair Gifts and Pledge (Consent)
FCR 2        Roger Disilvestro Gift and Pledge (Consent)
FCR 3        William Stamps Farish Fund Gift and Pledge (Consent)
FCR 4        Gifts and Pledges to the E. Preston Hicks Chair for Orthodontics and Oral
Health Research (Consent)
FCR 5        Estate of John C. Hubbard Gift (Consent)
FCR 6        Dorothy Nelms Gift and Pledge (Consent)
FCR 7        Medical Alumni Association Gifts and Pledge (Consent)
FCR 8        Gene and Deborah Gabbard Charitable Remainder Unitmst Pledge (Consent)
FCR 9        Estate of Edith H. Harmon Gift (Consent)
FCR 10      Estate of Anthony Leonard Boaden Wyatt Gift (Consent)
FCR 11      Renaming of Professorship in Behavioral Science and Acceptance of Pledge


 

(Consent) FCR 12      Acceptance of Interim Financial Report for the University of Kentucky for
the Nine Months Ended March 31, 2006 FCR 13      Report on the 2006 Kentucky General Assembly FCR 14      Patent Assignment Report
University Hospital Committee Report
UHCR 1     University of Kentucky Center on Aging Foundation, Inc. ("Corporation") Amendment to Articles of Incorporation and Bylaws
Other Business
Business Partnership Foundation Board Report
Mining Engineering Foundation Board Report
Adjourn


 

Minutes of the Meeting of the Board of Trustees of the University of Kentucky, Tuesday, April 25, 2006.
The Board of Trustees of the University of Kentucky met at 1:00 p.m. (Lexington time) on Tuesday, April 25, 2006, in the Board Room on the 18th Floor of Patterson Office Tower.
A.        Meeting Opened
Mr. James Hardymon, chair, called the meeting to order at 1:07 p.m. and asked Ms. Pam May, secretary of the Board, to call the roll.
B.         Roll Call
The following members of the Board of Trustees answered the call of the roll: Mira Ball, Stephen Branscum, Penelope Brown, Dermontti Dawson, Jeff Dembo, Rebecca A. Ellingsworth, Ann Haney, James Hardymon (Chair), Pamela May, Billy Joe Miles, Roy Moore, Steven Reed, Myra Leigh Tobin, JoEtta Wickliffe, Billy Wilcoxson, Russ Williams, and Barbara Young. Absent from the meeting were Marianne Smith Edge, Phillip Patton, and Frank Shoop. The university administration was represented by President Lee T. Todd, Jr., Interim Provost Scott Smith, Executive Vice President for Finance and Administration Frank Butler, and General Counsel Barbara W. Jones.
Mr. Hardymon explained that two of the Board members absent were out of town, and one member was attending a funeral. He noted that they had given their input.
Members of the various news media were also in attendance.
A quorum was present, and the meeting officially opened for the conduct of business at 1:08 p.m.
C.         Consent Items
Mr. Hardymon called attention to the consent items on the agenda: Minutes of the March 7, 2006 meeting, PR 2 - Personnel Actions, AACRs 1 and 2 - Candidates for Degrees for the University System and the Bluegrass Community and Technical College, and FCRs 1 through 11, which involve some very fine gifts and pledges. He asked for a motion for approval of the consent items. Ms. Haney moved approval. Mr. Reed seconded the motion, and it carried without dissent. The following are consent items:
Minutes - March 7, 2006
PR 2   Personnel Actions (Consent)
AACR 1 Candidates for Degrees  University System (Consent)
AACR 2 Candidates for Degrees - Bluegrass Community and Technical
College (Consent) FCR 1    Bell Alcohol and Addictions Chair Gifts and Pledge (Consent)


 

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FCR 2    Roger Disilvestro Gift and Pledge (Consent)
FCR 3    William Stamps Farish Fund Gift and Pledge (Consent)
FCR 4    Gifts and Pledges to the E. Preston Hicks Chair for Orthodontics and
Oral Health Research (Consent) FCR 5    Estate of John C. Hubbard Gift (Consent) FCR 6    Dorothy Nelms Gift and Pledge (Consent) FCR 7    Medical Alumni Association Gifts and Pledge (Consent) FCR 8    Gene and Deborah Gabbard Charitable Remainder Unitrust
Pledge (Consent)
FCR 9    Estate of Edith H. Harmon Gift (Consent) FCR 10 Estate of Anthony Leonard Boaden Wyatt Gift (Consent) FCR 11  Renaming of Professorship in Behavioral Science and Acceptance
of Pledge (Consent)
(See PR 2, AACRs 1 and 2, and FCRs 1 through 11 at the end of the Minutes.) D.        President's Report to the Trustees (PR 1) President Todd called attention to the following items in PR 1:
The legislators fully funded the university's Top 20 Business Plan in the biennial budget. The university received the authority for the remainder of funding for the hospital project which is on schedule. Full funding was received for the $120 million pharmacy biology complex facility. This is a victory and major accomplishment. President Todd reminded the Board that the university had to pay 40 percent of the funding for the BBSRB facility, a previous large research building, which means the university is paying $2.3 million out of research income every year for 20 years to pay for that building. President Todd said that he is extremely pleased with the outcome of the legislative session. UK, as well as other universities in the state, did not receive as much the first year of the biennium; however, the second year was funded well.
President Todd said that the budget will be brought to the Board in June, and it will reflect that a lot of decisions have been made. There have already been some announcements about salaries.
The Robinson Scholars Program makes a national impact. The program was recognized as one of only seven National Association of Student Personnel Administrators Gold Excellence Award winners. It also received a $50,000 grant from the IFSA Foundation to fund 10 students to study abroad. The first class of students in this program graduated last year, and there are students graduating this semester. The rate of those students who leave high school and go to college is far superior to the typical rate in those regions. A survey is planned to see how many graduates of the program have been able to go back to their home counties.


 

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The statistics in Kentucky for students who study abroad are pretty dismal, especially in some rural areas. The $50,000 grant will provide the university an opportunity to have some students study abroad. Hopefully, the students who study abroad will return and market the importance of studying around the world to the students in their region.
The Undergraduate Scholars Showcase will be held at 4:30 p.m. following the Board meeting. President Todd said that if students go to a research university such as UK, they should feel creativity and discovery early on. The undergraduate scholars not only feel it, but they are involved in it. This showcase shows the university's commitment to undergraduate education. When looking at the receptivity of the Top 20 Business Plan, there are four factors: undergraduate education, graduate education, faculty, and research. This showcase highlights some of UK's academic stars and shows the importance of the university's undergraduate investment.
The Collaborative Center for Literacy Development in the College of Education received a $2.8 million grant to improve literacy for adolescent readers.
The College of Education is a partner in a five-year, $26 million project to establish an Appalachian Regional Education Laboratory.
A reporter with the Chronicle of Higher Education visited campus in March for two days, and a photographer came and took pictures for an article. The university received good coverage in the article. President Todd said that he considers the Chronicle to be the Wall Street Journal of Higher Education.
President Todd said that there had also been an article about the university in USA Today. He had interviews with Business Week in New York and The Wall Street Journal in Boston. These articles are exposing some of the activities at UK, and this is another way of building the university's reputation nationally.
The university received a $1.8 million National Science Foundation grant to enrich mathematical skills for Powell and Bath counties. This is probably the fourth project the university has ongoing now to improve math and science skills in different parts of Kentucky.
The APR averages are out for all of the athletic departments. UK had 15 of 22 teams that exceeded or tied the national average among all universities.
The Markey Cancer Center announced its first formal network affiliation agreement with three hospitals throughout the state that will create a collaborative provider network and keep cancer patients close to home for treatment. The hospitals are located in Harrison County, Morehead, and Rockcastle County. Three of the hospital directors spoke at the news conference and said they liked UK's approach because it addressed their needs. For instance, some locations need doctors while others may need equipment. By keeping patients in their communities, this helps the revenue


 

stream for that hospital and that county. President Todd said that he wants UK to have more of these relationships.
President Todd called attention to an article in the paper about UK releasing $4.2 million for classroom improvements and student lounges. This mainly involves the areas that touch learning and socializing from an academic point of view for the students. He mentioned various areas that would be receiving some of this money such as: the Student Center, the CATS den area, student office area, the Singletary Center, and Chemistry-Physics.
President Todd said that the two-year budget has allowed these improvements to be made. He noted that this is the first time during his presidency that the university has had a two-year budget. There have been budget sessions every year until now. Provost Smith and the deans were helpful in making money available for classroom improvements. Hopefully, all of the projects will be completed before the students return next year, and it will also be very uplifting to the faculty.
Mr. Hardymon reflected on President Todd's first item in his report about the legislators' support for UK's Top 20 Business Plan. He asked Ms. Tobin to read a resolution to the Board.
Ms. Tobin said the resolution is from the University of Kentucky, Board of Trustees recognizing Kentucky's policy leaders, and it is dated April 25, 2006. She read the following resolution:
WHEREAS, Kentucky's success in this new century depends, more than ever before, upon the development and sustenance of a vigorous and rigorous education system at all levels; and
WHEREAS, at the zenith of that system stands the University of Kentucky; and
WHEREAS, the people of the Commonwealth have created a compact with their university that it become a Top 20 public research university by 2020, recognizing that people who live and work and raise families in states with Top 20 universities enjoy education levels, health, and economic success well above the national average; and
WHEREAS, this compact reflects the University of Kentucky's responsibility to the people of this Commonwealth and the people's responsibility to their flagship university; and
WHEREAS, at its December 2005 meeting the University of Kentucky Board of Trustees approved the Top 20 Business Plan; and
WHEREAS, the 2006 Kentucky General Assembly embraced the letter and the spirit of the Business Plan, providing a substantial funding increase that will allow


 

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Kentucky's flagship university to continue with renewed strength its determined march toward Top 20 status; and
WHEREAS, the General Assembly and the Governor have been consistent advocates for the development of UK's education and research facilities and the expansion of UK's health care enterprise; and
WHEREAS, support for the University of Kentucky transcends regions of the state, branches of the government, chambers of the legislature, and the partisan differences of individuals; and
WHEREAS, the Kentucky General Assembly, the Governor, and the University of Kentucky Board of Trustees are partners in accepting the moral imperative to improve the lives and lot of the people of Kentucky; and
WHEREAS, history will record this as the moment when Kentuckians and their leaders confronted the clear view of the cost of and rewards for achieving Top 20 status and chose to hold fast to the ambitious and difficult agenda of building a university of international stature;
NOW THEREFORE BE IT RESOLVED that we, the members of the University of Kentucky Board of Trustees, do hereby express our heartfelt gratitude to Kentucky's policy leaders for their substantial and visionary support and their eagerness to lock arms with us as we traverse the path to Top 20 status, undaunted by the enormity of the task before us and secure in the knowledge that we share the noble and necessary cause of building the future that Kentucky's children deserve.
Ms. Tobin noted that the resolution will be signed by the Board's chair James F. Hardymon.
Mr. Hardymon called for a motion of approval for the resolution. Dr. Moore made the motion for approval. Ms. Tobin seconded his motion, and it carried without dissent.
President Todd then asked Dean James Cibulka to give his presentation about the College of Education. He said that Dean Cibulka has been doing a great job with the college.
E.        College of Education Report
Dean James Cibulka provided an overview of the College of Education. He began by sharing information regarding the college history, organization, and staffing. The College of Education was created officially in 1923, but it had prepared teachers for the Commonwealth operating as a Normal School since 1880. The college maintains 6 academic departments, 5 affiliated units, and 16 centers/clinics/labs and special offices.


 

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Personnel for FY 06 include: 89 regular faculty positions including 4 endowed professors and 1 endowed chair; 3 research title faculty; 33 bi-weekly staff; 17 professional staff; and 18 other grant-funded staff.
Dean Cibulka also discussed the mission statement of the college. He called attention to two particular sentences. One indicates the importance of creating a culture of reflective practice and inquiry within a diverse community of students, faculty, and staff. Dean Cibulka indicated that the college takes this aspect of its mission very seriously. He also pointed out that the mission statement focuses not only on the research mission of the college, but in addition, the statement stresses the college's land-grant mission. Both are equally important to the faculty. As the college contributes research that expands our knowledge of teaching and learning processes, it will not turn its back on the Commonwealth. Indeed, much of the research conducted by the faculty directly benefits Kentucky's quality of life.
The wide array of academic programs offered by the college is a reflection of its commitment to preparing education professionals who will contribute to the quality of life in the Commonwealth. The college maintains: 13 undergraduate programs leading to initial teacher certification; 2 non-certification undergraduate programs; 6 non-certification graduate programs; 10 graduate programs leading to initial teacher certification; 15 graduate programs leading to advanced teacher certification; 4 graduate programs in school leadership; 5 programs leading to endorsement of existing teaching certificate; and 11 Ed.D. and Ph.D. programs. The 2005 headcount enrollment consisted of 1,701 bachelors, 407 masters, 48 specialists, and 283 doctorate students. Total degrees awarded in 2006 were 743, compared with 497 in 2002. Growth in enrollments and degrees awarded in the college has been achieved without increasing staffing levels, which either have been constant or declining in recent years.
Also noted were the accrediting and program approval agencies for the college which include National Council for the Accreditation of Teacher Education, Kentucky Education Professional Standards Board, American Psychological Association, National Association of School Psychologists, and Council on Rehabilitation Education.
Dean Cibulka shared the following priorities for the College of Education:
Increase national visibility and rankings
Strengthen Research Productivity
Emphasize Outreach and Community Engagement
Enhance Development, and
Improve Diversity
The Rehabilitation Counseling program ranks sixth internationally for research productivity, while the Educational Psychology program ranks as the nineteenth most productive research program in the country.


 

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The College of Education received a performance level of "excellent" (a Quality Performance Index of 3.7 on a scale of 4.0) on the Kentucky Quality Performance Index Report Card issued by the Kentucky Education Professional Standards Board. In 2005-06, 323 students completed programs preparing them to be teachers. The college is addressing shortage areas in mathematics and science education, foreign language education, and special education.
Total primary and collaborative grants/contracts have grown. Both are important because the college has a long history of participating in collaborative research projects with other units on campus. Primary contracts and grants are expected to exceed $6 million in the current year, while collaborative grants exceed $19 million. Selected research projects for the college currently include:
Collaborative Center on Literacy Development
State grants of $2.4 million for Reading Recovery, Kentucky Adult
Literacy Institute, Reading First, and the federally funded Striving Readers
Program ($2.8 million over 5 years) Appalachian Math and Science Partnership Appalachian Regional Education Laboratory (U.S. Department of Education
grant in collaboration with CAN Corporation and the University of
Virginia), and Great Schools Initiative (Knight Foundation grant to address closing the
achievement gap in Fayette County Public Schools)
Dean Cibulka shared the following challenges for the College of Education:
Balancing the research and land-grant missions of the College Managing the regulatory and political environment in the Commonwealth Resources to retain and recruit outstanding faculty, and Outdated and overcrowded facilities
Dean Cibulka thanked the Board of Trustees for the opportunity to present information about the College of Education's goals, accomplishments, and priorities. He indicated that this is an exciting time to be at UK, and that he looks forward to working with President Todd and new Provost Kumble Subbaswamy on the new strategic plan, and in particular, on addressing the goals of the Top 20 Business Plan.
Mr. Hardymon thanked Dean Cibulka and his faculty for getting engaged in some of the issues that make UK's presence at the state and local levels much more effective than previously. He expressed pleasure with Dean Cibulka's enthusiasm for his work.
F.        Proposed Revision to the Governing Regulations (Reviews of Educational Units and Their Chief Administrative Officers) (PR 3)
President Todd said that PR 3 is a proposed revision to the Governing Regulations, and this is the first preliminary consideration for approval. It is a result of a


 

Southern Association of Colleges and Schools (SACS) change in their principles of accreditation where they are stressing the ongoing importance of planning and evaluation activities. The Governing Regulation that is in existence now is being revised to align with the changes in the Administrative Regulations that involve the governing of program review and the review of chief academic officers in order to insure compliance with SACS.
At present, the Governing Regulations focus on educational units, deans, and department chairs as needing review, but the new proposal will require program review for both educational and administrative units. It will also extend required reviews of deans and department chairs to include other chief administrative officers who are not addressed in the current version. The Administrative Regulations are also being revised accordingly.
Mr. Hardymon reiterated that this is a preliminary consideration for approval. It will be on the agenda for final approval in June. He called for a motion for approval. Ms. Wickliffe moved approval. Her motion was seconded by Ms. Tobin and carried. (See PR 3 at the end of the Minutes.)
G.        Appointment of Board of Directors  University of Kentucky Business Partnership Foundation, Inc. (PR 4)
President Todd said that PR 4 is a recommendation for the approval of the appointment of Paul Chellgren and James Geisler to the Board of Directors of the University of Kentucky Business Partnership Foundation for four-year terms beginning immediately and extending through the spring of 2010 Board meeting of the Business Partnership Foundation. These appointments are recommended by the interim provost and have to be approved by the Board.
President Todd called attention to the brief biographical information on each of the individuals. He noted that most everyone knows Mr. Chellgren and mentioned that Mr. Geisler visited campus last year at the invitation of Mr. Hardymon to speak to the first MBA class under the new restructured MBA program. He asked for approval of these new members to the Business Partnership Foundation Board.
Mr. Hardymon said that he had known Mr. Chellgren for a long time, and he met Mr. Geisler when he was in the corporate world. He and Mr. Geisler did a number of joint projects involving aerospace with United Technologies. Mr. Geisler is the chief finance officer for a $25 billion and growing organization.
Mr. Hardymon told the story about Mr. Geisler calling him to say that he was a graduate of UK and wanted to help the university. Mr. Hardymon said that he invited Mr. Geisler to come to the university and spend time with President Todd and the dean at the business school. Following the visit, he was put on the list for consideration for an appointment to the Business Partnership Foundation Board.


 

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Mr. Hardymon called for a motion of approval. Mr. Dawson moved approval. Ms. Young seconded the motion. Mr. Hardymon asked if there were any comments or questions, and Dr. Dembo spoke.
Dr. Dembo made the following comments:
Fellow trustees, it is on the basis of my passion that I need to respond to this issue. First, I want to make it clear that my comments are not to impugn these two individuals, nor to imply that they are not qualified to serve on this foundation board. However, I would like to call attention to the fact that the Business Partnership Foundation Board is almost exclusively composed of white males. For example, out of the current 26 members only 2 are females, and one of them is our own trustee JoEtta Wickliffe, not that she does not count, but, that it sends a message to the public that the university was only able to find one other qualified woman outside our own academic community to serve on this board.
This is inconsistent with our own ethical principles and code of conduct that talk about diversity of thought, culture, gender, and ethnicity as one of our values. Strength is gained by having different beliefs and opinions around the table, and the result and outcome of any decision making is strengthened based on diverse input toward that decision making. Just look around this table and think. Our own Board of Trustees has that strength, and we are a strong board because of our own diversity.
Another point to be made is that this foundation board is associated with the Gatton College. One might ask the question: Does the composition of this board reflect the composition of the Gatton College? Currently, undergraduate female enrollment at the Gatton College is about 37 percent. If you look at the number of women on this board, that is 8 percent, and by adding two more white males, it will decrease that number even further.
I do not think that sets a good example, and even though Dean Sudharshan and Provost Smith indicate that the Gatton College is actively working to increase enrollment of women, there is a pipeline that has to be created, and it takes years sometimes to see the benefits. I do not think the same kind of pipeline has to be created to appoint qualified and interested people to a board like this.
Finally, let me close by saying that diversity is a goal that can only be achieved slowly, one step at a time making consistent progress with each and every decision along the way with that as a desired outcome. I think it takes courage and persistence to do it, to strive for inclusivity. When we discussed a diversity issue at our October meeting regarding the Mining Engineering Foundation Board, President Todd told us we will have to do better. Well in my opinion, here is an opportunity to do better. So, before I get to hear what my fellow trustees have to say, I will close with two questions: If not now, when? And if not us, who?


 

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Mr. Hardymon thanked Dr. Dembo for his comments. In the spirit of full communication, Dr. Dembo has communicated with the dean on this issue, and the dean has responded.
President Todd reminded the Board that Trustee Elaine Wilson was on the Business Partnership Foundation Board, and she rotated off. Kim Burris, an African-American female, had served on the board for many years, and she is no longer on the board.
President Todd said that he appreciated Dr. Dembo pointing this out. He noted that he would ask the head of the multicultural affairs office to give him a summary of all diversity distributions on all the boards that the Board has appointment responsibility over to insure that the administration and Board are very cognizant of any other appointments that are made in the future.
Dean Sudharshan has provided a list of things that he has tried to do to broaden diversity in the college since he has been at UK the last three years. The dean is trying to cultivate a couple of members for this board, but these two gentlemen are extremely high-profile members for a board of this nature. President Todd said that he would like to encourage the dean to proceed with some level of aggressiveness.
Ms. Ball asked if the board members rotate and if there is a certain number every year.
President Todd said that they are four-year terms, and he assumes they do rotate.
Mr. Hardymon agreed with President Todd's comments. He noted that he had served on the board two terms. The board is very valuable, particularly with the plans which are high on the priority list for expansion.
Ms. Ball said that Dr. Dembo's point is well taken, and the Board of Trustees needs to remember that every time they have board appointments to come before them for approval.
President Todd said it would have to be remembered before it becomes an agenda item.
Dr. Moore said that he wanted to reinforce Dr. Dembo's comments. Having previously been Senate Council Chair and having sat in the "peanut gallery" at Board meetings, he has seen the difference in how much more diverse this Board is now than it was at that time. It does indeed make a difference, and that is why he thinks the Board really does have to think about this a lot and take whatever steps it can to make sure that there is diversity on all of these boards.


 

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Mr. Williams said that he supported Dr. Dembo's comments as well, and he shares his concerns. The point is that it is a good idea. The Board cannot really make changes until it is aware of what changes need to be made. It is very important. He said that he is grateful for the biographies on these two gentlemen because often the Board does not know a whole lot about appointees.
Mr. Hardymon said that there was a motion and a second, and he called for a vote. PR 4 was approved with Dr. Dembo voting against it. (See PR 4 at the end of the Minutes.)
H.        Audit Subcommittee Report
Ms. Wickliffe, chair of the Audit Subcommittee, reported that the subcommittee met that morning with representatives from Deloitte & Touche. The subcommittee accepted the engagement letter for another year, and Deloitte & Touche will be conducting the audit for the coming year. The subcommittee also had a report from the internal auditors.
I.         Finance Committee Report
Ms. Wickliffe, chair of the Finance Committee, reported that FCRs 1 through 11 were consent items involving gifts and pledges that total $3.35 million, of which $2 million is eligible to be matched by the state. With these gifts, the university has matched $32 million of the $66.67 million available from the Endowment Match Program.
J.         Acceptance of Interim Financial Report for the University of Kentucky for the Nine Months ended March 31, 2006 (FCR 12)
Ms. Wickliffe said that FCR 12 is the acceptance of the Interim Financial Report for the university for the nine months ending March 31, 2006. As of this date, revenues are at 82 percent, and expenditures are at 71 percent of the $1.7 billion budget amount.
Net deferred revenues (revenues less expenditures) equal $ 184 million, an amount which provide excellent cash flow and financial position for the university.
Assets totaled $2.7 billion as of March 31, 2006. That is an increase of $347 million, or 15 percent, since March 2005. Endowment assets accounted for $188 million of this increase, and that was due to the establishment of the $100 million hospital quasi-endowment, coupled with new gifts and increases in the fair market value of the endowment.
In summary, at the end of the first nine months of the 2005-06 fiscal year financial operations are consistent with the budget plan, and the university's financial condition continues to be excellent.


 

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On behalf of the Finance Committee, Ms. Wickliffe moved approval of FCR 12. Ms. Haney seconded the motion, and it carried without dissent. (See FCR 12 at the end of the Minutes.)
Mr. Hardymon said that this is a stronger balance sheet, and revenues and expenses are very much in line.
K.        Report on the 2006 Kentucky General Assembly (FCR 13)
Ms. Wickliffe reported that FCR 13 is the Report on the 2006 Kentucky General Assembly. The General Assembly passed the 2006-08 Biennial Budget, House Bill 380. The bill includes operating funds and capital project authorizations for UK.
Operating Funds
2006-07: $4.6 million base funding increase (1.5 percent increase) 2007-08: $20.9 million base funding increase (6.7 percent increase)
With this appropriation, the General Assembly fully funds the implementation of the Top 20 Business Plan. For that, Ms. Wickliffe said the Board can be very grateful in the resolution addressed to them at this meeting. This should not only help move the university forward but also help the citizens of the Commonwealth.
Capital Projects - Highlights
The 2006 Kentucky General Assembly provided state bonds for one project that fully funded Phase II of the Biological/ Pharmaceutical Complex with $79.8 million of state bonds.
They also provided the requested $175 million authorization for Phase II of the Patient Care Facility:
$150 million agency bonds
$25 million agency funds
The General Assembly also enacted Senate Bill 84 which increases the thresholds of capital projects that do not require legislative authorization: Capital construction projects from $400,000 to $600,000 Equipment from $100,000 to $200,000 Information technology systems from $400,0