xt74qr4nmh5f https://exploreuk.uky.edu/dips/xt74qr4nmh5f/data/mets.xml Lexington, Kentucky University of Kentucky 2014 minutes  English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 2014-04-01 text Minutes of the University of Kentucky Board of Trustees, 2014-04-01 2014 2014 true xt74qr4nmh5f section xt74qr4nmh5f Minutes of the Meeting of the Board of Trustees
University of Kentucky
Tuesday, April 1, 2014
The Board of Trustees of the University of Kentucky met on Tuesday, April 1, 2014 in
the Board Room on the 18th floor of Patterson Office Tower, Lexington, Kentucky.
A.

Meeting Opened

Dr. E. Britt Brockman, chair of the Board of Trustees, called the meeting to order at 1:06
p.m. Chair Brockman asked Trustee Sheila Brothers, 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: C.B.
Akins, Sr., James H. Booth, E. Britt Brockman, Sheila Brothers, Mark P. Bryant, Jo Hern Curris,
Angela L. Edwards, Oliver Keith Gannon, Carol Martin (Bill) Gatton, Kelly Sullivan Holland,
Terry Mobley, Roshan Palli, C. Frank Shoop, James W. Stuckert, Irina Voro, John Wilson and
Barbara Young. Trustees William C. Britton, William S. Farish, Jr. and David Hawpe were not
in attendance. Secretary Brothers announced that a quorum was present.
The University administration was represented by President Eli Capilouto, Provost
Christine Riordan, Executive Vice President for Health Affairs Michael Karpf, Executive Vice
President for Finance and Administration Eric Monday and General Counsel William Thro.
The University faculty was represented by the Chair of the University Senate Council
Lee Blonder, and the University staff was represented by the Chair of the Staff Senate Jeff
Spradling.
Guests, other administrators and members of the news media were also in attendance.
C.

Consent Items

Chair Brockman called attention to the seven consent items on the agenda. The items
were the minutes for the Board of Trustees meeting on January 31, 2014; PR 2, Personnel
Actions; FCR 1, Blue Grass Community Foundation Grant; FCR 2, Establishment of the Walter
and Nellie Evans Journalism and Telecommunications General Excellence Scholarship QuasiEndowment Fund; FCR 3, The Estate of Martha M. Keffer Gift; FCR 4, the Joan D. Kincaid and
Central Bank and Trust Company Pledge; and FCR 5, the Estate of Genevieve Warren Gift.
Trustee Stuckert moved approval of the consent items and Trustee Akins seconded the motion.
Chair Brockman called for the vote and it passed without dissent. (See consent items listed below
on the Board of Trustees website, www.uky.edu/Trustees, under agenda.)
Minutes, Board of Trustees Meeting, January 31, 2014
PR 2 Personnel Actions

* FCR 1 Blue Grass Community Foundation Grant
FCR 2 Establishment of the Walter and Nellie Evans Journalism and
Telecommunications General Excellence Scholarship Quasi-Endowment Fund
FCR 3 The Estate of Martha M. Keffer Gift
FCR 4 Joan D. Kincaid and Central Bank and Trust Company Pledge
FCR 5 The Estate of Genevieve Warren Gift
D.

Chairman’s Report

Chair Brockman’s report was interrupted by a chanting demonstration from the United
Students Against Sweatshops (USAS) protesting the outsourcing of UK’s Dining Services. At
the conclusion of their demonstration, Chair Brockman acknowledged there was one phone
request to appear before the Board of Trustees, the United Students Against Sweatshops. Chair
Brockman respectfully requested that individuals or groups who would like to address the Board
of Trustees, use the process set forth in Governing Regulation II, and submit a Petition to
Address the Board of Trustees. He explained that the appropriate time to address the Board with
questions or concerns is when a recommendation is presented to the Board for discussion or
action.
E.

Executive Committee Report

Chair Brockman reported that the Executive Committee met to discuss the 2013-14
Presidential Evaluation process. The Committee discussed a proposed timeline and a
preliminary list of survey questions. Because the University is engaged in developing its next
Strategic Plan (which will provide some of the measures used to assess the President’s
performance in future years) and because the Board anticipates an expanded performance review
in the President’s fourth year (2014-15), the Committee recommended foregoing the one-on-one
interviews with a facilitator. Constituency groups would be asked only to fill out a written
questionnaire.
Also discussed and recommended was the addition of a ninth constituency group, those
Board of Trustee members whose term expires at the end of the year being reviewed. This will
encourage participation and inclusion of comments from departing Trustee members.
As in past years, the President will prepare and submit an annual self-evaluation. The
Executive Committee will review the collected information, share the results with the full Board
of Trustees and make a recommendation to the Board.
F.

Process for the 2013-14 Presidential Evaluation (ECR 1)

Chair Brockman stated that ECR 1 was the recommendation to approve the revised
process, an updated timeline and preliminary list of survey questions. Upon approval of the
Board, the preliminary questions will be circulated to the University Senate Council, Staff Senate
and the Student Government Associate for review and feedback.

-2 

* Chair Brockman called the question and ECR 1 passed without dissent. (See ECR 1 on
the Board of Trustees website, www.uky.edu/Trustees, under agenda.)
G.

President’s Report

President Capilouto began by complimenting the men’s and women’s basketball teams
for their successes on and off the court. Only six NCAA Division I schools had teams compete
in both the men’s and women’s NCAA Sweet Sixteen Tournament. Additionally, if the teams
were seeded based on their graduation success rate, the women’s team would have shared a
number one seed and the men’s team would be seeded fifth. President Capilouto thanked
Athletics Director Mitch Barnhart for his attention and dedication to the successful academic
side of the Intercollegiate Athletics.
President Capilouto wanted to call the Board’s attention to two groups of dedicated
employees that usually go unnoticed until they are thrust into the campus and community
spotlight.
The first group was the Facilities and Physical Plant staff. To ensure the safety of
University students, faculty and staff, these individuals worked tirelessly through the ice and
snow to clear the paths and roads, parking lots, maintain heating systems, checked and repaired
pipes. President Capilouto thanked Vice President for Facilities Management Bob Wiseman,
Director of Campus Physical Plant Keven Kriede, Grounds Assistant Superintendent Jerry Hart
and Grounds supervisors Bedia Collins, Kenny Drury, Roger Hart, Donnie Jackson, along with
the hundreds of Physical Plant Division employees, both on UK’s main campus and at extension
offices and properties throughout the state.
The Board of Trustees gave the group a standing ovation.
The next group President Capilouto recognized was the employees involved with the
payroll challenge on Friday, February 28, 2014. Through a banking glitch outside of UK’s
control, thousands of UK staff did not receive their bi-weekly paycheck. The Offices of the
Executive Vice President for Finance and Administration, Office of the Treasurer, Human
Resources, UK HealthCare and Public Relations responded with purpose to effectively
communicate the scope of the situation and do their best to lessen the impact on the UK family.
Individuals from these offices came together and worked nearly around the clock for the next 36
– 72 hours to keep in constant communication with campus and to keep the process transparent
and people informed. They worked with more than 900 banks to process payroll, sent campuswide messages, setup offices and help desks, honor overdraft fees, and distribute prepaid cards
for employees’ bills and expenses.
President Capilouto acknowledged Interim Treasurer Susan Krauss, Human Resources
Director Kim Wilson, HealthCare Chief Financial Officer Murray Clark, Police Chief Joe
Monroe, the staff from Public Relations and Executive Vice President for Finance and
Administration Eric Monday for their outstanding leadership during this time.
The Board of Trustees gave the group a standing ovation.
-3 

* President Capilouto shared that though rivals in athletics, he partnered with University of
Louisville President Jim Ramsey to present a united case for higher education funding to the
2014 legislative session. Both presidents spoke with local newspapers, rotary clubs, at the
Kentucky Chamber of Commerce Summit and presented together at the House Budget Review
Subcommittee on Higher Education.
President Capilouto was also pleased to note, subject to the approval of the Board of
Trustees, the joint executive MBA program. It represented yet another way that the two
institutions continue to partner to “uplift the state.”
President Capilouto next invited Student Government Association President and Student
Trustee Roshan Palli to announce and introduce the 2014-15 SGA President-Elect.
President Palli stated it had been an honor to serve and work with the members of the
Board of Trustees and President Capilouto. He had enjoyed representing the student body and
was confident that current Student Government Vice President Jake Ingram (SGA PresidentElect 2014-15) would be a strong advocate and voice for UK’s student body.
President-Elect Ingram thanked President Palli, President Capilouto and the Board of
Trustees for the invitation. He looked forward to his continued service on behalf of the student
body and working with both the Trustees and President Capilouto to see that the voice of the
students continued to be heard.
President Capilouto next introduced Dr. Craig Van Horne, Associate Professor of
Neurosurgery to share with the Board some of his research work on Parkinson’s disease and
neurological disorders.
Dr. Van Horne explained that his research currently looks at two ways to restore brain
function or reverse the degenerative process of Parkinson’s disease. The first clinical trial
involves the transplant of peripheral nerve tissue to the damaged area in the central nervous
system. If peripheral nervous tissue is injured or damaged, it regenerates itself by the secretion
of cell growth factors that begin the regenerative process. The theory is that by transplanting the
patient’s own regenerative tissue to the damaged area of the brain, new connections will be made
and tissue could regenerate.
The second clinical trial involves deep brain stimulation (DBS) or the implantation of
electrodes in the specific parts of the brain. Though the mechanism is not clearly understood, the
electrodes send electrical impulses which help to manage some of Parkinson’s patient’s motor
difficulties. Until recently, patients remained awake during the procedure. As part of the trials,
patients can now have both DBS and the implant of peripheral nerve tissue while under general
anesthesia.
Through these and other translational research programs, Dr. Van Horne, his team and
other members of the Center for Clinical and Translational Science program hope to continue to
pursue clinical investigation and translational research that fosters collaborative team science and
enhances and develops outreach pathways that confront chronic health issues.
-4 

* H.

Honorary Degrees (PR 3)

President Capilouto stated that PR 3 was the recommendation that the Board of Trustees
approve awarding the degree of Honorary Doctor of Humanities to Paul W. Chellgren and
Harrison Benjamin Wilson, Jr. as approved and recommended by the University faculty.
Trustee Curris moved approval of PR 3. Trustee Stuckert seconded the motion and it
passed without dissent. (See PR 3 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
I.
Reappointment to Board of Directors of the Fund for Advancement of Education
and Research in the University of Kentucky Medical Center (PR 4)
President Capilouto stated that PR 4 was the recommendation that the Board of Trustees
approve the reappointment of Henry L. Jackson to the Board of Directors of The Fund for
Advancement of Education and Research in the University of Kentucky Medical Center for a
two-year term ending June 30, 2016.
Trustee Akins moved approval of PR 4. Secretary Brothers seconded the motion and it
passed without dissent. (See PR 4 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
J.
(ASACR 1)

Establishment of Honorary Degree – In Memoriam Posthumous Degree

Trustee Gannon, chair of the Academic and Student Affairs Committee, stated that
ASACR 1 was the recommendation that the Board of Trustees approve a new category and title
of an honorary degree, the In Memoriam Posthumous Degree, and the conditions for conferral of
this honorary degree.
An In Memoriam Posthumous Degree allows for recognition of a student’s connection to
the University of Kentucky regardless of their progress toward completion of degree
requirements. Undergraduate, graduate and professional students who were registered in a degree
program at the time of their death, but did not complete degree requirements, are eligible. [A
student who has completed all requirements will receive the customary degree.]
The proposal has been approved by the elected faculty of the University Senate. The
Provost of the University supports this recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon asked for
approval of ASACR 1 and it passed without dissent. (See ASACR 1 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
K.

Creation of the Department of Urology (ASACR 2)

Trustee Gannon stated that ASACR 2 was the recommendation that the Board of Trustees
approve the creation of the Department of Urology in the College of Medicine, effective July 1,
-5 

* 2014.
Over the last twenty years, most academic centers have moved away from the model of a
singular Department of Surgery housing most of the various surgical disciplines. Over time
subspecialty practices have grown away from general surgery to become independent
departments.
The proposal has been reviewed and recommended by the Senate Academic Organization
and Structure Committee and the Senate Council, and endorsed by the University Senate. The
Provost of the University supports this recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon moved
approval of ASACR 2 and it passed without dissent. (See ASACR 2 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
L.

Creation of the Department of Writing, Rhetoric, and Digital Studies (ASACR 3)

Trustee Gannon stated that ASACR 3 was the recommendation that the Board of Trustees
approve the creation of the Department of Writing, Rhetoric, and Digital Studies in the College
of Arts and Sciences, effective July 1, 2014.
Upon the recommendation of an external review initiated by the College of Arts and
Sciences in 2008 and an internal study commissioned by the Provost and Interim Dean in 2009,
the need for stronger writing instruction and a department that could meet the needs of writers
across the University was identified. As a result, the Division of Writing, Rhetoric, and Digital
Media was founded in Spring 2010; the recently organized faculty in the Division voted to seek
departmental status.
The proposal has been reviewed and recommended by the Senate Academic Organization
and Structure Committee and the Senate Council; and endorsed by the University Senate. The
Provost of the University supports this recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon moved
approval of ASACR 3 and it passed without dissent. (See ASACR 3 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
M.
Academic Degree Recommendation: College of Arts and Sciences (Bachelor of
Arts/Bachelor of Science in Writing, Rhetoric, and Digital Studies) (ASACR 4)
Trustee Gannon stated that ASACR 4 was the recommendation that the Board of Trustees
approve the establishment of a Bachelor of Arts/Bachelor of Science with a major in Writing,
Rhetoric, and Digital Studies degree in the Department of Writing, Rhetoric, and Digital Studies,
in the College of Arts and Sciences, effective in the Fall 2014 Semester.
A major in Writing, Rhetoric, and Digital Studies will equip students with knowledge of
history and theories of rhetoric; critical tools for engagement with popular and professional texts

-6 

* and digital objects; the ability to create compelling arguments across a variety of media; and
methods for participating in public and academic discussions at local, national and global levels.
This program has the approval of the appropriate councils and the University Senate and
has completed the 45-day review process of the Council on Postsecondary Education. The
Provost of the University supports this recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon moved
approval of ASACR 4 and it passed without dissent. (See ASACR 4 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
N.
Academic Degree Recommendation: College of Arts and Sciences (Master of
Fine Arts in Creative Writing) (ASACR 5)
Trustee Gannon stated that ASACR 5 was the recommendation that the Board of Trustees
approve the establishment of a Master of Fine Arts (MFA) in Creative Writing degree in the
Department of English, within the College of Arts and Sciences, effective the fall 2014 semester.
The MFA in Creative Writing will afford interested individuals from across the nation the
opportunity to pursue advanced study in the various areas of creative writing (from poetry to
fiction) in which University of Kentucky faculty have established national reputations.
This program has the approval of the appropriate councils and the University Senate and
has completed the 45-day review process of the Council on Postsecondary Education. The
Provost of the University supports this recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon moved
approval of ASACR 5 and it passed without dissent. (See ASACR 5 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
O.

Joint Conferral of Master of Business Administration Degree (ASACR 6)

Trustee Gannon stated that ASACR 6 was the recommendation that the Board of Trustees
approve the joint conferral of the Master of Business Administration (Executive Concentration)
degree with the University of Louisville.
The Master of Business Administration (MBA) concentration for executives targets
students with 10 or more years of work experience and who are employed at the director’s level
or higher. The concentration was proposed because it fills a need for executive education in the
Commonwealth of Kentucky.
The proposal for the joint conferral of a single degree has been approved by the Gatton
MBA Committee and the faculty of the Gatton College of Business and Economics and reviewed
and recommended by the appropriate councils and the University Senate. The Kentucky Council
on Postsecondary Education has reviewed the proposed program and agrees that the two

-7 

* institutions can jointly confer a single degree upon approval of both institutions governing
boards. The Provost of the University supports the proposal.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon moved
approval of ASACR 6 and it passed without dissent. (See ASACR 6 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
P.

Academic and Student Affairs Committee Report

Trustee Gannon reported that Provost Riordan provided the committee a more focused
update on the phases of the Strategic Planning process. She detailed the steps that produced the
report Understanding Tomorrow: A Research Report on Trends in Higher Education and Their
Impact on UK. The document identified nine broad trend areas that are likely to “provide
daunting challenges and compelling opportunities in the coming years.” The trends addressed in
the report were finances and sustainability of funding sources, the changing purpose of higher
education, greater accountability, increased use of technology, increased internationalization,
changing undergraduate population demographics, challenges to undergraduate professional
education, changes in research funding in the era of declining funding and the changing
professorate. In each trend area of the report, sub-trends were identified, key points of
consideration were identified, supporting data was presented and discussed, and implications for
the University within each area were presented.
Trustee Gannon stated that the Committee and Trustee members asked questions and
offered suggestions for the planning document. Ideas offered by the Trustees included: a
primary goal should be the recruitment of signature faculty, especially in the liberal arts core;
clear objectives related to the health, well-being, job quality and diversity of staff employees; as
diversity relates to faculty, what do the specific percentage numbers represent; concern regarding
the rank of African American faculty and the numeric definition of inclusivity on campus;
attention to infrastructure and research; and attention to student career and academic advising,
service learning, and experiential opportunities. Several trustees were concerned about the rising
out-of-state competition for UK students and the implication that the data reflects historical
borders are changing. Lastly, trustees wondered how will the University revisit and monitor the
Strategic Plan and adjust UK’s goals.
Q.

University Athletics Committee

Trustee C.B. Akins, Sr., chair of the University Athletics Committee, reported that the
Committee had met that morning.
Executive Associate Athletics Director Marc Hill gave a Department of Intercollegiate
Athletics report. Highlights since January 31, 2014 includes that the men's basketball team
advanced to the Final Four of the NCAA Tournament. UK made its 16th Final Four appearance,
and is the all-time leader in NCAA Tournament appearances and victories. Women's basketball
finished the season with a record 26-9 and hosted the first and second rounds of the NCAA
tournament for the first time in school history. Gymnastics earned its school record tenth straight
NCAA championship birth. They will compete in the NCAA regionals on Saturday, April 5, in
-8 

* State College, Pennsylvania. Rifle completed another successful season, finishing third at
NCAA championships. The men's and women's track teams had strong indoor seasons. The
outdoor track and field teams have gotten off to a good start, and UK will host the SEC track
championships in May. The men's and women's swimming and diving teams each competed at
NCAA championships this month under first-year head coach Lars Jorgensen. In spring sports,
men's tennis is ranked No. 13 in the nation.
Women's tennis is ranked No. 34
nationally. Baseball is now 19-9 and is in second place in the SEC Eastern Division. Softball is
28-7 overall, UK's best record at this point in the season, and is ranked No. 10 in the nation.
Men's and women's golf teams are playing strong this season as well. Football opened spring
practice and will play its annual Blue/White spring game on April 26th. Though renovations to
Commonwealth Stadium are underway, the game will be played at the stadium.
Trustee Akins continued that off the field, Senior Kastine Evans was one of the only five
Division I basketball players named to the prestigious Allstate Insurance/Women’s Basketball
Coaches Association (WBCA) National Good Works Team. This preeminent community service
honor recognizes college basketball players who have made a commitment to improving their
communities and the lives of others. Men's basketball senior John Hood was named to the SEC
Community Service Team. Women's soccer's Arin Gilliland was selected to play on the U.S.
Women's National Under-23 Team in the Six Nations Tournament in Spain. Volleyball will
embark on a 14-day trip to China from May 20 to June 4, an educational, cultural, and
competitive experience.
In business items, Trustee Akins concluded that committee considered the financial
statements of the Department of Intercollegiate Athletics. Melissa Gleason, Senior Associate
Athletics Director of Finance reviewed the interim financial statements of the department for the
six months ending December 31, 2013. The statements included the balance sheet, the statement
on revenue and expenses, and the change in net assets. The committee accepted the financial
statements as presented.

 

R.

Finance Committee Report

Trustee James Stuckert, chair of the Finance Committee, reviewed the consent items:
FCR 1, Blue Grass Community Foundation Grant; FCR 2, Establishment of the Walter and
Nellie Evans Journalism and Telecommunications General Excellence Scholarship QuasiEndowment Fund; FCR 3, The Estate of Martha M. Keffer Gift; FCR 4, the Joan D. Kincaid and
Central Bank and Trust Company Pledge; and FCR 5, the Estate of Genevieve Warren Gift. (See
FCR 1, FCR 2, FCR 3, FCR4, FCR 5 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
President Capilouto commented on the generosity of the many individuals that continue
to invest in the University’s future. He was appreciative of the many individuals involved, most
notably Mike Richey, Vice President for Development.

-9 

* S.
Acceptance of Interim Financial Report for the Six Months Ended December 31,
2013 (FCR 6)
Trustee Stuckert stated that FCR 6 was the recommendation that the Board of Trustees
accept the University of Kentucky consolidated financial report for the six months ended
December 31, 2013.
Susan Krauss, Interim Treasurer, presented the consolidated financial report. As of
December 31, 2013, the University had recognized $1,305,117,747 of current funds revenue
representing 48 percent of the 2013-14 approved budget of $2,728,069,400. Expenses and
transfers total $1,265,869,615 or 46 percent of the approved budget.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 6.
Trustee Voro asked if the medical center had repaid its loan. President Capilouto and Trustee
Stuckert both affirmed that UK HealthCare had repaid the cash advance and this status had been
reported at a prior Board of Trustees meeting [May 2013]. Chair Brockman called for the vote
and it passed with 16 affirmative votes and one abstention from Trustee Voro. (See FCR 6 on
the Board of Trustees website, www.uky.edu/Trustees, under agenda.)
T.

Approval of Amended Agreement (FCR 7)

Trustee Stuckert stated that FCR 7 was the recommendation that the Board of Trustees
authorize the Executive Vice President for Finance and Administration to negotiate and execute
an amended agreement between the University of Kentucky and the Lexington-Fayette Urban
County Government regarding the partnership in developing and operating the University of
Kentucky-Lexington-Fayette Urban County Government Arboretum.
The Arboretum was created in 1986 as a joint effort between the University of Kentucky
and the Lexington-Fayette Urban County Government (LFUCG). Designated as the official state
botanical garden in 2000, the University and LFUCG are in discussions regarding the long-term
future of the Arboretum. Among the issues under discussion are:




Establishment of Arboretum boundaries that realistically reflect the growth and progress
that has been made over the last two decades;
Extension of the duration of the agreement to assure the Arboretum’s future for many
decades to come; and
Clarification of the organizational and operational responsibilities of the University and
LFUCG for the future.

The University’s goal is to reach an amended agreement which fully supports a
sustainable future of the Arboretum as it is a critical asset both for the community and for the
University’s educational mission.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 7 and it
passed without dissent. (See FCR 7 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
- 10  

* U.

Capital Construction Report (FCR 8)

Trustee Stuckert stated that FCR 8 was the recommendation that the Board of Trustees
accept the capital construction report for the three months ended December 31, 2013.
Vice President for Facilities Management Bob Wiseman reviewed the report at the
Finance Committee. Trustee Voro inquired about project 2382, the Fine Arts Building. She asked
about the possibility of windows being installed and the storage of instruments during
construction. Mr. Wiseman explained that this project upgrades the interior air handling systems
and temperature controls for the building. There have been complaints in past years about
humidity in the building and damage to instruments. As for storage of instruments during the
process, though he was not in attendance at the meetings with construction managers, Mr.
Wiseman promised to follow up with College of Fine Arts Dean Michael Tick.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 8 and it
passed without dissent. (See FCR 8 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
V.

Investment Committee Report

Trustee Bill Gatton, chair of the Investment Committee, reported that the Committee had
met on March 31, 2014 to review performance results and conduct other business. He reported
the endowment pool had a market value of $1,160,000,000 as of February 28, 2014. For the
eight months ended February 28, 2014, the Endowment pool returned 11 percent due to strong
equity market and returns during the period. The endowment pool outperformed the policy
benchmark during the eight—month period by 104 basis points due to strong relative
performance by the US and non-US equity asset classes, and the absolute return and real estate
asset classes.
W.

University Health Care Committee Report

Trustee Barbara Young, chair of the University Health Care Committee, reported that Dr.
Mark Evers, Director of Markey Cancer Center Biospecimen Care, reported on the Markey
Cancer Center (Markey). As Kentucky’s only NCI-designated cancer center, Markey has
provided care to Kentuckians and patients from other states lifesaving cancer genomic programs
that provide cutting-edge personalized diagnostics and mutation-specific drug treatments. Dr.
Craig Horbinski, director of Molecular Anatomical Pathology and director of the Markey Cancer
Center Biospecimen Core, reported on molecular diagnostics at Markey. He reviewed two
patient cases as examples of improved patient care resulting from the use of advanced molecular
diagnostics at UK. He reviewed existing and potential Markey affiliates across the state and
reported on the next generation of sequencing that could potentially make the diagnosis and
treatment of cancer at Markey even more efficient and timely.
 

Dr. Bernard Boulanger, chief medical officer presented an update on quality at UK
HealthCare, stressing UK’s goal to be a national leader in quality of care. This initiative is being
- 11  

* driven by the patient; the alignment of effort; culture and goals; the empowerment of the clinical
care providers; transparency; culture; and the emergence of value-based health care. To honor
the efforts and success of UK HealthCare’s quality improvement, UK recently received the 2014
Gage Award given by the National Association of Public Hospitals and Health Systems in
recognition of UK’s continued improvement in quality of care and reduction or elimination of
harmful events to individual patients or groups of patients through its “SWARM” process.
[When an incident associated with real or potential risk takes place within the UK HealthCare
enterprise, leaders and involved team members get together to examine the problem in a blamefree environment. These gatherings are called SWARMs]. Currently UK is ranked eighth
nationally among leading university hospitals in the area of mortality. UK is now ranked 18th
among the nation’s leading university hospitals in the area of patient safety and in the top 25 in
the area of efficiency or length of stay and patient readmissions within 30 days of discharge.
Trustee Young continued that Dr. Colleen Swartz presented an update of the patient
experience. By concentrating o