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[6]

Part of Minutes of the University of Kentucky Board of Trustees

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- 6 - S. Incentive Retirement Plan (FCR4) Mr. Hardymon provided background information about the incentive retirement plan. He explained that the University is offering a one-time window of opportunity, incentive retirement plan for tenured faculty in the College of Dentistry. He said that the report by the Higher Education Review Commission dated December 20, 1993 recommended that state general fund appropriation for the College of Dentistry budget remain at 1993-94 levels for the 1994-96 period, and FCR 4 is the College of Dentistry's proposed method of reducing the budget. He mentioned that it is an age and years of service type of incentive retirement plan that is commonly used in industry. He recommended approval. Dr. Meriwether seconded the motion and it carried. (See FCR 4 at the end of the Minutes.) T. 1993-94 Budget Revisions (FCR 51 Mr. Hardymon stated that FCR 5 is recommending the authorization and approval of budget revisions for the quarter ending March 31, 1994. He reviewed the income estimates, expenditures and restricted funds and recommended that FCR 5 be approved. Mr. Wilcoxson moved approval and it passed. (See FCR 5 at the end of the Minutes.) U. M datogrRegistrationJFegSchedule - I."4-95 (FCR 6) Mr. Hardymon stated that FCR 6 is the mandatory registration fee schedule for 1994-95. He said that the recommended schedule represents a six dollar increase over the 1993-94 mandatory fee schedule. He noted that the increased fees and reduction have been recommended and approved by the Student Government Association. With the Finance Committee so recommending, Mr. Hardymon moved that FCR 6 be approved. Dr. Meriwether seconded the motion and it carried. (See FCR 6 at the end of the Minutes.) Mr. Dowdy acknowledged the responsible actions of the students to support the increase. He provided the Board with copies of two Resolutions relating to student health services that came through the Student Government Association. He reported that Dr. Spencer Turner, Director of University Health Service, had made a presentation to the students and the students do indeed support the increase. He mentioned that the students had actively been looking at every fee to insure the need and noted that there was a decrease in one of the fees. President Wethington commended Mr. Dowdy and the students for their extremely responsible approach to the increase in the student health fee, He praised the students for looking at the entire fee schedule and not just parts of it. V. Confirmation of 1994-95 Tuiti nKhe dule (FCR 7) Mr. Hardymon stated that FCR 7 is a recommendation that the Board confirm changes in the tuition schedule as adopted by the Council on Higher Education (CHE) under KRS 164.020 and establish corresponding part-time and summer school charges under the guidelines of the CHE. He reminded the Board that the CHE is empowered and charged with the responsibility for determining the tuition for attending public