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UNIVERSITY
OF VIRGINIA
BOARD OF VISITORS EXECUTIVE SUMMARY
FINANCE COMMITTEE
October 16, 1999
9:00 - 10:45 a.m.
East Oval Room, The Rotunda
I.
CONSENT AGENDA
- A.
COMMONWEALTH MATCHING RETIREMENT PLAN -- Approves the adoption
of the Commonwealth Matching Contribution Retirement Plan, a state-mandated
benefit to be provided to employees who make contributions to
Internal Revenue Code 403(b) programs and 457(b) plans, and subsequent
amendments to the Faculty Retirement Plan and Medical Center Retirement
Plan.
- B.
ENDOWMENT INCOME DISTRIBUTION -- Approves an increase in
the per-share income distribution for "Class A" shares by 4.0
percent over the amount distributed for Fiscal Year 1998-1999,
for a per-share income distribution of $68.76 for Fiscal Year
1999-2000. "Class B" shares would increase by 4.0 percent over
the amount distributed for Fiscal Year 1998-1999, for a per share
income distribution of $94.43.
- C.
DELEGATION OF AUTHORITY TO ESTABLISH PARKING RATES -- Authorizes
the Executive Vice President and Chief Financial Officer to establish
parking rates for faculty, staff, students, vendors and others
purchasing parking permits on University Grounds and at the University
of Virginia's College at Wise.
-
D. APPROVAL OF POLICY ON TUITION AND FEES FOR OPEN-ENROLLMENT
STUDENTS IN CONTRACTED COURSES -- Approves the practice of
allowing individuals to enroll in special courses designed for
working professionals funded by their employers, to the extent
that there is excess capacity in the course and open enrollment
is not prohibited by any contract with an employer.
II.
ACTION ITEMS
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A. INTEGRATED SYSTEMS ACQUISITION -- Delegates authority
to the Executive Vice President and Chief Financial Officer to
initiate and complete the implementation of all phases of the
Integrated Systems Project, and to approve and execute contracts
with software vendors and consulting firms necessary for the successful
implementation of the software during these phases.
III.
REPORTS BY THE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
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A. ENDOWMENT REPORT -- Ms. Handy will report on the market
value and performance of the endowment under control of the Rector
and Visitors as of August 31, 1999.
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B. REPORT ON ACTIONS OF THE INVESTMENT MANAGEMENT COMPANY,
JUNE 7 AND SEPTEMBER 28-29, 1999 -- Mr. Goodwin will report
on the actions taken by the Investment Management Company at its
June 7 and September 28-29, 1999, meetings.
- C.
VICE PRESIDENT'S REMARKS -- Mr. Sandridge will report on
the 2000-2002 Budget Initiatives and Strategic Plan for the Academic
Division, the Medical Center and the University's College at Wise.
He will also report on the status of the UVa Health Care Plan
and discuss the pricing policy for the 2000-2001 Tuition and Required
Fees.
MORE MEETING INFORMATION
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PUBLIC MINUTES
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