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Meeting Information

UNIVERSITY OF VIRGINIA
BOARD OF VISITORS EXECUTIVE SUMMARY
FINANCE COMMITTEE

January 30, 1999
11:15 - 12:15 a.m.,
East Oval Room, The Rotunda


I. CONSENT AGENDA

A. MEDICAL CENTER RETIREMENT PLAN - Delegates authority to University officials to make appropriate changes to plan documents to conform to previously approved Board policies.

B. AMENDMENT TO THE FACULTY RETIREMENT PLAN - Approves a technical amendment to the Faculty Retirement Plan to include participation of Clinch Valley College faculty and continued participation by certain University Medical Center faculty.

C. SPECIAL TUITION AND FEE APPROVALS - Approves student orientation fee and tuition and fees for a new executive format for the McIntire Schools Master of Science in Management Information Systems.

D. BOND ISSUANCE FOR CLINCH VALLEY COLLEGE RESIDENCE HALL - Approves the issuance of 9(c) bonds for the Clinch Valley College Residence Hall project.

E. CONTRACT FOR DINING SERVICES - Delegates authority to the Executive Vice President and Chief Financial Officer to approve and execute a contract with ARAMARK, Inc., to continue to provide contract dining, catering, retail, vending and concessions services.

II. ACTION ITEM

STUDENT HOUSING RATES, 1999-2000 - Approves student housing rates for the Academic Division and Clinch Valley College. The proposal calls for average housing rate increases of approximately three percent for the University Academic Division and Clinch Valley College.


III. REPORTS BY THE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

A. VICE PRESIDENT'S REMARKS - Ms. Capone will provide an update on state budget and legislative issues affecting the University. She will report on the Governor's budget, 1999 legislative amendments, 1999 capital proposals and the preliminary 1999-2000 budget assumptions.

B. ENDOWMENT REPORT - Ms. Handy will report on the market value and performance of the endowment under control of the Rector and Visitors as of December 31, 1998.

C. REPORT ON ACTIONS OF THE INVESTMENT MANAGEMENT COMPANY - Mr. Goodwin will report on the actions taken by the Investment Management Company at its December 17, 1998, and January 21, 1999, meetings.