BOARD OF VISITORS EXECUTIVE SUMMARY
Friday, March 26, 1999
9:00 a.m. - 10:30 a.m.
East Oval Room, The Rotunda
- I. CONSENT AGENDA
A. FACULTY AND STAFF HOUSING RATES, 1999-2000 - Approves faculty and staff housing rates for the University and The University of Virginia's College at Wise for the following academic year. University faculty and staff housing rates are proposed to increase by an average of 3.6 percent. The University of Virginia's College at Wise proposes no changes to its 1999-00 faculty and staff housing rates.B. INTENT TO ISSUE BONDS - Declares the Universitys intent to issue bonds to reimburse expenditures for planning costs, issuance costs, reserve funds, and other financing expenses associated with the National Radio Astronomy Observatory Headquarters Building Addition and the Darden Building.II. ACTION ITEMSA. TUITION AND REQUIRED FEES, 1999-2000 - ACADEMIC YEAR AND SUMMER SESSION- Approves tuition and required fees for the University's Academic Division and The University of Virginias College at Wise. In accordance with the tuition policy approved by the 1999 General Assembly, the proposal recommends a 20 percent decrease in tuition and required E&G fees for in-state, undergraduate students and no increase in tuition and required E&G fees for in-state graduate students. The proposal also calls for increases ranging from 5.0 to 5.6 percent for the professional schools and out-of-state undergraduate and graduate students.B. CONTRACT RATES FOR DINING SERVICES, 1999-2000 - Approves contract dining rates for the Academic Division and The University of Virginia's College at Wise for the following academic year. The proposal calls for average dining rate increases of four percent for the Universitys Academic Division and three percent for the College.III. REPORTS BY THE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICERA. VICE PRESIDENT'S REMARKS- Ms. Capone will report on the Governor's 1998-2000 budget, the General Assemblys 1999 session and the 1999 legislative amendments submitted by the University. Mr. Sandridge will provide a financial report on the Scott Stadium Expansion project. The Director of the Integrated Systems Project (ISP) and the Chief Information Officer will report on the status of the ISP.B. ENDOWMENT REPORT- Ms. Handy will report on the market value and performance of the endowment under the control of the Rector and Visitors. As of February 28, 1999, the endowment totaled $1.077 billion, down $10 million from its value on June 30, 1998. Mr. Goodwin will report on the actions taken by the Investment Management Company (UVIMCO) Board.
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