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Meeting Information

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

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

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.

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 PAST MEETINGS PUBLIC MINUTES

BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

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