urges stable funding for athletics
University will likely increase student fees and step up marketing
and private fund-raising efforts to ensure the long-term financial
stability of U.Va. athletics
without tiering or eliminating any sports.
not prepared to make recommendations about specific sports
today, Leonard W. Sandridge, executive vice president and chief
operating officer, told the Board
of Visitors at its July 13 meeting in Richmond. However, we
do plan to get to that point.
conclusions reached, to date, based on a task force report and
further analysis by the boards Finance and Student Affairs
and Athletics committees and University staff, are as follows:
U.Va. athletics has not seen the financial crises experienced
by many institutions; academic performance requires ongoing attention;
NCAA compliance requires a consistent and continuing focus; U.Va.
has the means to address resource needs; and sound financial management
excellence means different things to different people, Sandridge
said. Nevertheless, we agree about the importance of having
point averages and graduation rates at Division I-A schools are
indicators, as well as Sears Cup standings. A preliminary review
of the eight-year-old ranking revealed that 10 schools consistently
perform well: Stanford, UCLA, Penn State, and the universities
of Florida, Arizona, Michigan, North Carolina, Southern California,
Texas and Nebraska.
the Sears Cup as a general goal though many schools mentioned
above would fail to meet the standards U.Va. has set, Sandridge
noted the average operating budget for a top athletics
program ranges from $34 million to $36 million annually. U.Va.s
budget is about $26 million, and its average rank in this standing
research is showing that the Chesapeake colonies, far from
being chaotic enterprises founded on get-rich-quick schemes,
were strongly based on the colonists desire to form
stable families and harmonious communities guided by religious
University is spending about $4 million less per year on Olympic
sports than other Sears top 10 schools, Sandridge said. We
are substantially under-funding our coaches and assistants, especially
in [these] sports. Incremental resources should go to compensating
coaching staff, academic asdvising, equipment for Olympic sports,
and major renovation of facilities, he said, adding that the Virginia
Student Aid Foundations role in providing financial support
is essential, and that consistent financial oversight is critical.
also noted that a number of Sears top 10 schools dont have
flat student fees. They charge admission, and some get state appropriations.
At about $240 per year, our student athletics fee is one
of the lowest in the state, he said; it entitles students
to free admission to games and access to sports facilities, such
as the track.
funding sources for U.Va. athletics include increasing student
fees; tickets and ticket packaging; private gifts and the Universitys
endowment; and licensing, marketing and TV revenues.
board asked Sandridge to proceed with analysis and produce a five-year
plan for athletics that shows expenses, funding sources, key success
factors and a balanced budget.
about prospects of endowing minor sports, President John T. Casteen
III said there might be 10 donors capable of endowing a sport.
weekend nurses and a professional recruiter, the Medical Center
is addressing a labor shortage.
Clinical Officer Pamela Cipriano explained to the board July 13
that while the Medical Centers turnover is higher than the
national levels, its rate of hiring registered nurses has improved.
Medical Centers human resources department has also hired
a relocation specialist to attract nurses from other areas. The
Medical Center is currently interviewing 60 to 65 registered nurses
a month, up from 30 to 32 a month the same period last year.
the same time, the hospitals use of traveling, or temporary,
nurses has increased from 35 in December to 57 in July. The Medical
Center is paying lodging expenses for nurses to come to Charlottesville
and work Friday, Saturday and Sunday shifts.
the Medical Center is still experiencing a 22 percent turnover
rate in registered nurses, only nine hospital beds are closed
member William H. Goodwin Jr. complimented Cipriano on her work.
Youre doing a great job, he said. You
make sense when you talk. Youre making good progress. Keep
the slots strains the budget, but the hospital is still operating
with a surplus. Overtime in 2001 is 38 percent ($1.6 million)
more than in 2000 and contract labor is 32 percent ($4.6 million)
more than budgeted, primarily for traveling nurses, which Larry
Fitzgerald, chief financial officer for the Medical Center, said
were used to keep beds open. At the same time, income is down
$10 million through May 2001, linked to a shortage of available
reduced income and increased costs leave the hospital with an
actual operating margin of 2.2 percent. Fitzgerald noted that
this is less than the 3 percent level needed to sustain the hospital
over time. He said while the operating margin was strong in the
hospitals peer group, it was below the budgeted 4.7 percent
other business, the board:
approved the general concepts in the proposals to boost University
programs in the arts, international activities, public service
and science and technology, developed by four long-range planning
commissions as part of the Virginia 2020 initiatives.
named two architectural firms, one of which helped design the
acclaimed Conseco Fieldhouse in Indianapolis, to work on the basketball
arena. VMDO Architects of Charlottesville will be the lead firm
on the project. Ellerbe Beckett of Minneapolis will serve as a