xt75tb0xq059 https://exploreuk.uky.edu/dips/xt75tb0xq059/data/mets.xml Lexington, Kentucky University of Kentucky 2006027 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, 2006-02-mar7. text Minutes of the University of Kentucky Board of Trustees, 2006-02-mar7. 2006 2011 true xt75tb0xq059 section xt75tb0xq059 

AGENDA
Meeting of the Board of Trustees University of Kentucky
1:00 P.M.
March 7,2006
18 th Floor Patterson Office Tower
Roll Call
Approval of Minutes - (Consent)
Minutes - January 24, 2006 President's Report and Action Items
PR 1         President's Report to the Trustees
College of Arts and Sciences Report - Dean Steven Hoch PR 2         Personnel Actions (Consent) PR 3         Proposed Amendment to the Governing Regulations
(Student Affairs Section) PR 4         University Research Professorships
Academic Affairs Committee Report
AACR 1   Establishment of the Louie B. Nunn Center for Oral History Finance Committee Report
FCR 1       Ashland Inc. Gift (Consent)
FCR 2       Estate of Jean T. Barnhart Gift (Consent)
FCR 3       Earl F. and Jean M. Lockwood Gift (Consent)
FCR 4      Gifts and Pledges to the Joy Bale and George Street Boone Symposium in the
Humanities Fund (Consent)
FCR 5       Gifts and Pledges to the Bell Alcohol and Addictions Chair (Consent) FCR 6       Gifts and Pledges to the Clarke-Knapp Entomology Research Fund (Consent) FCR 7       Gifts and Pledges to the John R. Gaines Endowed Chair in the Humanities
Fund (Consent) FCR 8       Gifts and Pledge to the Kevin Heidrich /Team 7 Endowment for ALS Patient
Services (Consent)
FCR 9      Gifts and Pledges to the Bobby C. Pass Endowed Professorship (Consent) FCR 10     Gifts to the Werner F. S. Schmitt Professorship in Aging and Neuro -behavior
(Consent) FCR 11     Acceptance of Interim Financial Report for the University of Kentucky for the
Six Months Ended December 3 L 2005 FCR 12     Establishment of Chandler Medical Center University Hospital Quasi-


 

Endowment Fund FCR 13     Amendment to the University of Kentucky Woman's Club Fund Endowment
Agreement
FCR 14     Proposed 2006-07 Tuition and Mandatory Registration Fee Schedules FCR 15     2006-07 Room and Board Rates FCR 16     Patent Assignment Report FCR 17     Capital Construction Report
Human Resources Committee Report
HRCR 1    Amendment to 401 (a) Oualified Pension Plan
Investment Committee Report
Student Affairs Committee Report
University Hospital Committee Report
UHCR 1    Center on Aging Foundation, Inc. ("Corporation") Amendment to Articles of Incorporation and Bylaws; Approval of Board Appointments
University Relations Committee Report
Other Business
Adjourn


 

Minutes of the Meeting of the Board of Trustees of the University of Kentucky, Tuesday, March 7, 2006.
The Board of Trustees of the University of Kentucky met at 1:00 p.m. (Lexington time) on Tuesday, March 7, 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 1:00 p.m. and asked the secretary of the Board, Ms. Pam May, 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, Penny Brown, Dermontti Dawson, Jeff Dembo, Marianne Smith Edge, Rebecca A. Ellingsworth, Ann Haney, James Hardymon (Chair), Pamela May, Billy Joe Miles, Roy Moore, Phillip Patton, Frank Shoop, Myra Leigh Tobin, JoEtta Wickliffe, Billy Wilcoxson, and Russ Williams. Absent from the meeting were Steven Reed and Barbara Young. 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.
Members of the various news media were also in attendance.
Mr. Hardymon announced that a quorum was present. He declared the meeting officially open for the conduct of business at 1:02 p.m. and asked the Board to refer to their agenda.
C.         Consent Items
Mr. Hardymon called attention to the consent items on the agenda: Minutes of the January 24, 2006 meeting, PR 2 - Personnel Actions, and FCRs 1 through 10 which involve some very welcome gifts and pledges. He asked for a motion for approval of the consent items. Mr. Branscum moved approval. Ms. Smith Edge seconded his motion, and it carried without dissent. The following are consent items: (See PR 2 and FCRs 1 through 10 at the end of the Minutes.)
Minutes - January 24, 2006
PR 2       Personnel Action
FCR 1    Ashland Inc. Gift (Consent)
FCR 2    Estate of Jean T. Barnhart Gift (Consent)
FCR 3    Earl F. and Jean M. Lockwood Gift (Consent)
FCR 4    Gifts and Pledges to the Joy Bale and George Street Boone Symposium
in the Humanities Fund (Consent) FCR 5    Gifts and Pledges to the Bell Alcohol and Addictions Chair (Consent)


 

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FCR 6    Gifts and Pledges to the Clarke-Knapp Entomology Research
Fund (Consent) FCR 7    Gifts and Pledges to the John R. Gaines Endowed Chair in the
Humanities Fund (Consent) FCR 8    Gifts and Pledge to the Kevin Heidrich/Team 7 Endowment for ALS
Patient Services (Consent) FCR 9    Gifts and Pledges to the Bobby C. Pass Endowed Professorship
(Consent) FCR 10 Gifts to the Werner F. S. Schmitt Professorship in Aging and Neuro-
behavior (Consent)
President Todd recognized Ralph Derickson, who is listed in the retirement section in PR 2 of the Personnel Actions and commented on his service to the university. Mr. Derickson has been at the University of Kentucky for 25 years and has covered the Board meetings for much of that time. He was the director of the UK News Bureau for 13 years and was a public relations officer for the Lexington Campus Chancellor's Office for six years.
President Todd said he was sure that Mr. Derickson and his wife, Betty, were looking forward to having some time with the grandchildren. He asked Mr. Derickson to stand and be recognized following which Mr. Derickson received a round of applause. President Todd thanked Mr. Derickson for his service to the university.
Dr. Moore said he wanted to mention briefly that Dr. Loys Mather and his wife, Sonja, are also in the retirement section of PR 2. He said that there was no finer person, anyone more committed to the institution, or anyone who has served the institution as well as Dr. Mather. In addition to his role as a faculty member, he served as chair of the Senate Council and as a member of the Board of Trustees for three terms. Dr. Mather will leave a big void at the university. He enjoyed himself very much while he was at the university and made many contributions.
Dr. Dembo said that Sonja Mather also was an integral member of the academic community. According to Dr. David Bettez, the director of International Affairs, Mrs. Mather served as the bedrock upon which all of the international affairs kept its foundation for 18 years through four directors who relied on her heavily, not just to crunch the numbers but also to do the right thing. She and Dr. Mather both work very closely to befriend international students who come to the University of Kentucky. She will also be missed.
Dr. Moore noted that Dr. and Mrs. Mather's combined service to the university totals about 64 years, a long time for two people to be at the university.
Mr. Hardymon said that some of the members around the board table were on the Board when Dr. Mather was a member of the Board.


 

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President Todd thanked Drs. Moore and Dembo for calling attention to the retirement of these two distinguished members of UK's organization.
D.        President's Report to the Trustees (PR 1)
President Todd called attention to the following items in PR 1:
The UK College of Pharmacy is collaborating with Norton Healthcare. Norton Healthcare pledged $1.15 million for UK to extend pharmacy outreach, and UK's fourth-year pharmacy students can now have experience in Louisville. For some time, money has been requested from the Council on Postsecondary Education (CPE) to disseminate the pharmacy capabilities in order to increase enrollment. UK has not been able to get that CPE money, but Norton Healthcare has taken the initiative of funding the project.
The Gaines Center for the Humanities received a $220,000 matching grant from the National Endowment for the Humanities. This grant is to be matched four-to-one by private fundraising over a four-year period. President Todd noted that there were only three of those grants awarded: one was to UK, one was to Swarthmore College, and one was to Cornell University. He noted that UK is in good company.
The School of Management has been ranked among the Top 20 in the world for research productivity in 2005. President Todd repeated one of his previous comments: You get to Top 20 status one program at a time and one department at a time. He expressed appreciation for the accomplishment of the Gatton College's School of Management.
The UK students had a dance marathon, DanceBlue, and raised $123,323 for the Pediatric Oncology Clinic. This is the first time that UK has undertaken this type of program. The program started at Kent State. Penn State raises millions a year now with the program. Several UK students say it was the most uplifting event they have ever been involved with at the university. This is a program that will become an annual event and a real tradition for campus.
The Kentucky Institute of Medicine has received a grant for $214,500 from the Foundation for a Healthy Kentucky Inc. This grant is to study health issues and prepare a comprehensive report documenting those issues.
Governor Ernie Fletcher announced $170,000 in grants to invest in Kentucky's coal workforce, including $50,000 in scholarships for 30 mining engineering students at the UK College of Engineering. The Governor has helped UK in his budget, and the House has left the mining scholarships in the budget. President Todd pointed out that UK has been losing students to West Virginia and other states that were more aggressive in this area. Through fundraising, UK also has received quite a bit of money from private industries.


 

Dean Steven Hoch, College of Arts and Sciences, recently secured funding for UK's first endowed chair in Catholic Studies; this was a major gift. He has also been able to get an endowed chair in Judaic Studies, but that one has not been announced yet.
President Todd said that there were many other good things in PR 1 for the Board to review.
Mr. Hardymon called attention to the six journalists named to the Kentucky Journalism Hall of Fame. While all six are great people who deserve the honor, he pointed out one recipient, Bob White, who was his roommate at UK. Mr. White retired as "Mr. High School Sports." He knew what he wanted to do from the first day he came to the University of Kentucky. His nickname throughout school was Scoop White. Mr. Hardymon said that he was so pleased to see that Bob White has been rewarded for his efforts.
E.         University Research Professorships (PR 4)
President Todd said that he would like to recognize the recipients of the University Research Professorships who were present: Michael Bardo, Department of Psychology; Alan Daugherty, Division of Cardiovascular Medicine, Gill Heart Institute; and Jonathan Phillips, Department of Geography. Another recipient, Daret St. Clair, Graduate Center for Toxicology, was out of the country and could not attend the meeting.
President Todd said that this award began in 1976 to recognize the most productive and accomplished researchers on campus and to give them some time to invest in their research field to their own professional betterment and to the betterment of the university as a whole. They do a tremendous job and are highly respected by their peers. If you look at the list of research professors at the university, there are some very top scholars that any university around the world would be proud to have. President Todd said that he is very proud of the professors and wished them a good year. The Board gave the recipients a round of applause.
Mr. Hardymon asked for a motion of approval. The motion made by Dr. Moore and seconded by Dr. Dembo carried. PR 4 was approved without dissent. (See PR 4 at the end of the Minutes.)
F.         Proposed Amendment to the Governing Regulations (PR 3)
President Todd said that he had skipped PR 3 because he thought it was going to be addressed in the Student Affairs Committee report. He asked Mr. Hardymon if he wanted him to present PR 3 at this time or handle it under the Student Affairs Committee report.


 

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Mr. Hardymon said that it could be presented at this time and suggested that Ms. Smith Edge, Chair of the Student Affairs Committee, discuss the recommendation.
Ms. Smith Edge said that PR 3 is a proposed amendment to the Governing Regulations. The attached amendment to the Student Affairs section of the university's Governing Regulations (GR XI) was received for preliminary consideration as PR 5 by the Board of Trustees on January 24, 2006.
She said that it was the recommendation by the majority of the vote of the Student Affairs Committee to approve these changes in the Governing Regulations. The amendment was discussed in detail at the committee's meetings. One of the biggest changes involved the University Appeals Board and the special jurisdiction over student matters. Ms. Smith Edge moved approval of the proposed amendment to the Governing Regulations as presented in January.
Mr. Hardymon asked for any questions or comments.
Ms. Ellingsworth said that she thought she made her argument clear at the last Board meeting, but she wanted to say again that she is strongly opposed to this amendment. In her opinion, the amendment still has the potential to give the university, as Dr. Dembo stated at the last meeting, a black eye. She said that she would be voting against the amendment.
Ms. Smith Edge moved approval of PR 3. Her motion was seconded by Mr. Williams and carried. Ms. Ellingsworth voted against the approval of PR 3. (See PR 3 at the end of the Minutes.)
G.        College of Arts and Sciences Report
President Todd introduced Dean Steven Hoch and asked him to give his presentation about the College of Arts and Sciences.
Dean Hoch thanked the members of the Board of Trustees for the opportunity to update them on the College of Arts and Sciences. He opened his presentation by reiterating the college's sincere commitment to the university's Top 20 Business Plan and said that his presentation would focus on how the college is working to meet the Top 20 Business Plan's measures of progress.
Undergraduate and Graduate Education. Dean Hoch presented a table to the Board members that demonstrated that the College of Arts and Sciences leads the university in the generation of total undergraduate student credit hours. Almost all of the university's recent enrollment growth has taken place in the college. For example, the university has increased its freshman enrollment by 38 percent (from fall 2000 to fall 2005), yet during the same time period, the College of Arts and Sciences has increased its freshman enrollment by 61 percent. The College of Arts and Sciences also has more undergraduate student majors than any other university college and has absorbed the


 

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majority of the recent growth. For example, since fall 2000 UK has increased the number of its undergraduate majors by 11 percent, and the college has increased its undergraduate majors by 40 percent. Currently, the college has more than twice as many majors as any other university college.
Dean Hoch also highlighted a new on-line advising program the college has recently implemented. Dubbed APEX (Academic Program Evaluation and exploration), this system allows students and faculty alike to compare remaining requirements with completed courses. It helps erase all the technical aspects of advising so that faculty advisors can spend the bulk of their time with students discussing other issues such as academic progress, career opportunities and plans, and potential problems. The college is the first unit on campus and the nation to implement this system.
Dean Hoch also discussed the myriad of talent the college has in its undergraduate and graduate student population. He introduced two of these superior students to the Board: Monica Hobson and Natalie Schick. Ms. Hobson is a Robinson scholar from eastern Kentucky. She is a senior political science major who has maintained a 4.0 grade point average and has been accepted at every law school to which she has applied. Natalie Schick is an Air Force ROTC Cadet from Illinois. She is a senior sociology major who has also maintained a 4.0 grade point average. Ms. Schick was awarded the 2005 Air Force Association Cadet of the Year Award, which is given to only one student throughout the entire country.
Dean Hoch described how the college is responsible for educating the Commonwealth and the nation's economic, social, professional, and political leaders. In fact 20.0 percent, 16.3 percent, and 13.4 percent of UK's incoming medical, dental, and law students are Arts and Sciences alumni, respectively.
He also highlighted several notable alumni of the college, including the Honorable Phillip Patton, current UK Board of Trustee member.
Dean Hoch demonstrated how the college leads the university in graduate education as well. The college grants more doctorates than any other university college (41 percent of the university total), which is a Top 20 Measure of Progress. Similarly, the college ranks two among all university colleges in the number of post-doctoral scholars, again a Top 20 Measure of Progress.
Faculty. Dean Hoch reported that the college has 333 FTE faculty members, who are leaders in their chosen fields. He showed Board members an array of recent faculty publications and reported that Professor Gary Ferland (Physics and Astronomy) is the most widely-cited faculty member in the university (a Top 20 Measure of Progress). Similarly, the dean showed the Board members an array of granting agency and foundation logos to represent all the units that have formally recognized Arts and Sciences faculty members in the past year.


 

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Research, Dean Hoch also reported on the college's role in fulfilling the Top 20 mission in regards to research. The college is responsible for $45.0 million in collaborative external funds and $20.5 million in primary external funds. The college ranks second among all university colleges for indirect costs (IDC), and the college houses the top university department for collaborative funds per faculty member (Statistics at $1.5 million per faculty) and the second ranked university department for intellectual property disclosures (IPD) (Chemistry).
Dean Hoch then highlighted the work of three individual faculty members to illustrate the cutting edge research taking place in the college. Professor Dan Smith (History) was recently nominated for an Emmy for his documentary February One, which premiered nationally on PBS. His documentary tells the historical story of the Greensboro Four. Professor Randall Voss (Biology) was highlighted for his research on salamanders and environmental toxicity, which has direct scientific and medical implications for such ailments as spinal cord injuries. Finally, Gill Eminent Professor Sylvia Daunert (Chemistry) was acknowledged for her research on the smart pill, a responsive drug delivery system with major implications for the treatment of diabetes.
He also reported on four recent research grants that help to serve the Commonwealth, specifically students from Appalachia. All involved K-12 preparation and all are over a $1 million dollars.
Development. Dean Hoch described the substantial investment the college has made in development and fund raising. Since his arrival in 2003 the college has hired three additional development officers/staff. He mentioned four recent gifts made to the college: the Cottrill Rolfes Chair in Catholic Studies ($1 million), the Zantker Foundation Partnership in Jewish History ($500,000), the Gabbard Endowed Scholarship ($340,000), and the Guy Davenport Professorship in English ($100,000).
Dean Hoch closed his comments by reiterating his appreciation to the Board for the opportunity to make his presentation and said he would be pleased to take any questions.
Dr. Dembo said that the College of Arts and Sciences is different and special because of the many things that it does. He asked Dean Hoch if the college was treated differentially when it comes to budget and resources.
Dean Hoch said the college was certainly spared some of the budget cuts two years ago. It was very much appreciated because it was at a time when the number of students was going up, and this increase impacted the College of Arts and Sciences more than any other college. He pointed out the three biggest challenges for the college:
1.   The size of the faculty, which hopefully the Top 20 Business Plan
will address.
2.   Faculty salaries, which is another key issue for everyone.
3.   Facilities.


 

In that sense, the college is not different from any of the other colleges except that virtually all the students that come through the university at the undergraduate level and many at the graduate level are impacted by how the College of Arts and Sciences is able to carry out its mission.
President Todd said there were a couple of things that Dean Hoch does that really please him. When faculty members in the College of Arts and Sciences publish a new book, Dean Hoch blows up the image of the book and displays it at the Intermezzo Cafe to visualize people's success. The college also had an internal arts and sciences function recently in the Lexmark room that was a lot of fun. The faculty had a delightful afternoon, and the publications, books, journal articles, and other monographs that had been generated this year were exhibited around the room. Dean Hoch puts a real emphasis on trying to celebrate faculty accomplishments. President Todd thanked Dean Hoch for bringing the two students to the meeting and for his good presentation. Dean Hoch received a round of applause.
H.        Academic Affairs Committee Report
Myra Tobin, Chair of the Academic Affairs Committee, said that AACR 1 is the recommendation that the Board of Trustees approve the establishment of the Louie B. Nunn Center for Oral History in the University of Kentucky Libraries, effective immediately. By way of background, over the past 30 years the University of Kentucky has sought to build one of the finest and most thorough oral history collections for modern political and public policy research in the United States. Oral history projects have documented important public policy issues in Kentucky. The proposed Louie B. Nunn Center for Oral History will be an integral part of the University of Kentucky Libraries under the administration of the Dean of Libraries. The establishment of the Louie B. Nunn Center for Oral History recognizes and honors the late Governor Nunn and his life-long devotion to the betterment of Kentucky and its people. Ms. Tobin moved the adoption of the recommendation to establish the Louie B. Nunn Center for Oral History. Dr. Moore seconded the motion, and it carried without dissent. (See AACR 1 at the end of the Minutes.)
Ms. Tobin reported that the committee had some discussion about the issue of diversity. The committee heard information from four speakers. The speakers talked about some of the legal aspects, the emphasis on enrollment currently being done, multicultural affairs, and institutional equity. These are things that will be further discussed over time as needed to get a better understanding of what the university is doing in these areas.
I.         Finance Committee Report
Ms. Wickliffe, Chair of the Finance Committee, reported that FCRs 1 through 10 were consent items that involve gifts and pledges. The gifts total $1,163,263 with pledges being $441,149 for a total of $1,604,412, all of which are eligible to be matched


 

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by the state. With these gifts, we have matched $30 million of the $66.67 million available as part of the Endowment Match Program.
J.         Acceptance of Interim Financial Report for the University of Kentucky for the Six Months Ended December 31, 2005 (FCR 11)
Ms. Wickliffe said that FCR 11 is the acceptance of the Interim Financial Report for the university for the first six months ending December 31, 2005.
    Balance sheet assets were $2.6 billion which is an increase of $282 million or 12 percent since December 2004.
     Cash is at $549 million, an increase of $141 million or 35 percent. The large change is due to the increase in plant fund cash of $95 million primarily as a result of the issuance of general receipts Series A notes for the patient care facility.
    Investments total $828 million, an increase of $61 million or 8 percent. The majority of the change is from an increase of $30 million in the endowments' fair market value, along with principal additions of $ 15 million.
    Liabilities were $676 million, an increase of $124 million or 23 percent from December 2004.
    Fund balances were $1.8 billion, an increase of $133 million or 8 percent over December 2004.
    Endowment funds totaled $581 million, an increase of $46 million or 8 percent since December 2004.
    As of December 31, 2005, revenues are at 53 percent and expenditures are at 47 percent of the $1.7 billion budgeted amount.
    Net deferred revenues, which are revenues less expenditures, equal $110 million, providing excellent cash flow and financial position for the university.
On behalf of the Finance Committee, Ms. Wickliffe moved the adoption of FCR 11.
Mr. Hardymon noted that assets have grown $282 million and the liabilities only $124 million. He pointed out that the net number is the one to watch, and it is certainly very positive. He called for a second to the motion that had been made by Ms. Wickliffe. Mr. Shoop seconded the motion, and it carried without dissent. (See FCR 11 at the end of the Minutes.)


 

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K.        Establishment of Chandler Medical Center University Hospital Quasi-Endowment Fund (FCR 12)
Ms. Wickliffe said that FCR 12 is the establishment of the Chandler Medical Center University Hospital Quasi-Endowment Fund. The UK HealthCare Administration intends to maintain a minimum of at least $200 million in cash balances and general reserves. The establishment of this quasi-endowment fund, by transferring up to $150 million of the reserves, will provide higher investment returns than shorter-term fixed-income investments.
Kentucky's Secretary of the Finance and Administration Cabinet, Robbie Rudolph, has approved the request to invest University Hospital funds in the University of Kentucky Endowment Investment Pool. The Finance Committee certainly appreciates the approval of the Governor and his staff.
The return on UK's endowment last year was 7.8 percent. The state's return was 2.7 percent. This will give more money for the hospital project. On behalf of the Finance Committee, Ms. Wickliffe moved the adoption of FCR 12. Mr. Branscum seconded her motion, and it passed without dissent. (See FCR 12 at the end of the Minutes.)
President Todd said that he had met with Secretary Rudolph and his staff last month. One reason that the University of Kentucky is gaining some financial flexibility from Governor Fletcher's administration is because of the admiration that Secretary Rudolph and his staff have of the sophistication of the university's treasury and finance function. UK's Treasurer Henry Clay Owen has a lot to do with that. Marc Mathews, Controller, is under his tutelage and has done an exceptional job, as has their entire staff. President Todd said that this is no small accomplishment, and he thanked them.
L.        Amendments to the University of Kentucky Woman's Club Fund Endowment Agreement (FCR13)
Ms. Wickliffe said that FCR 13 is Amendments to the University of Kentucky Woman's Club Fund Endowment Agreement. These amendments were requested by the Woman's Club, the Graduate School, and the university's legal counsel to change the selection criteria for the endowed fellowships. The amendments include:
1.   Adding a non-voting representative from the UK Woman's Club to the selection committee.
2.   Changing the criteria from a specified GPA to passing the qualifying exam for graduate school.
3.   Adding appropriate diversity language which would permit any student to be considered for the awards.


 

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Ms. Wickliffe noted that legal counsel has worked on this agreement for some time. She thanked Barbara Jones for getting the agreement together. On behalf of the Finance Committee, she moved the adoption of FCR 13. Ms. Haney seconded her motion, and it carried without dissent. (See FCR 13 at the end of the Minutes.)
M.       Proposed 2006-07 Tuition and Mandatory Registration Fee Schedules (FCR 14)
Ms. Wickliffe said that FCR 14 is Proposed 2006-07 Tuition and Mandatory Registration Fee Schedules. She asked President Todd to give his PowerPoint presentation on the recommendation.
President Todd began by stating that this is the time of year when tuition rates for the next year need to be set. UK typically sets these rates earlier than other universities because UK competes with a lot of out-of-state institutions in recruiting, and award letters need to be sent out to students as early as possible.
President Todd said he would be discussing how tuition ties into the Top 20 Business Plan. He reported that it had taken a year and a half to prepare the plan and put it in place. One objective of the plan is to make it very evident to people across the state that having a Top 20 institution does make a difference. Some important measures that identify the quality of life in a given state include median household income, percent of population on Medicaid, population below the poverty level, and population with bachelor's degrees or higher. If you look at states that have Top 20 universities, those states are above the national average when it is good to be so. Where it is good to be below the national average, they are below it. The Commonwealth of Kentucky is exactly the opposite.
One example is the percent of population on Medicaid. As everyone knows, an educated population is much healthier. If Kentucky could get the percent of its population on Medicaid down to 14 percent such as the Top 20 states, it would save the state of Kentucky $850 million. That is one of the reasons it matters to have a Top 20 institution. The other reason is that it will help build an economy that will be innovative, creative, and able to create sustainable employment.
President Todd took a moment to brag on some of the accomplishments that UK has attained since House Bill 1 was passed in 1997.
     There has been a 10 percent increase in enrollment. He pointed out that UK has had an increase in students while it has not been able to afford an increase in the number of faculty.
     The graduation rate is up 24 percent.
    Research expenditures have increased from $125 million to almost $300 million.


 

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     The endowment has increased from almost $200 million to almost $600 million.
     The number of endowed chairs has more than tripled.
However, there are only 14 years left to do what is necessary to get to Top 20 status. While these targets have been put in place for 2020, an intermediate measurement period of 2012 has been put in place in order to gauge UK's progress between now and 2020.
Previously, it has been said that UK should enroll 6,200 more students. The plan that has been put in place is going to hold student enrollment for the freshman class constant for the next two years. The number of faculty needs to increase by 625. The plan is to add 27 new faculty members per year.
President Todd reviewed the growth targets for 2020:
Undergraduates
One of the most significant parameters to be measured in the quality of
undergraduate education is the student-faculty ratio.
Graduates, First Professional and Postdoctoral Appointments
Research Expenditures
The target is to get the research expenditures up to approximately $800
million by 2020.
Bachelor's Degree Granted
The number of bachelor's degrees granted should almost double by 2020. That is what Kentucky needs to do, get to the median number of bachelor's degree candidates in the workforce compared to the national average.
Doctorates Grante