Housing fees hiked, bond issue
A. Twohy (left to right), T. Keister Greer and Elsie G. Holland,
whose terms on U.Va.s board expire Feb. 28, took part
in their last meeting on Saturday, along with Rector John
P. Ackerly III. (See Term is up.)
Gov. Mark Warner will likely appoint four new members to take
their place before the next board meeting April 4 and 5.
a flurry of activity, the Universitys Board
of Visitors raised a student housing fee, authorized issuing
$200 million in bonds in March for new projects and debt refinancing,
and heard a plea for more funds for graduate students.
boards deliberations during its meeting Jan. 31-Feb. 1 spanned
a range of issues, from discussing the health of the Medical Center
to approving a new masters degree in public health.
asking the board to increase the Housing Divisions facilities
improvement fee by $150, Yoke San Reynolds, vice
president for finance, pointed out that the average double
room rate at U.Va. is $2,451, well below both the average of $3,050
among Virginias public institutions and $3,631 among peer
next meeting, April 4-5
Four new board members are expected to be at the
table, along with a new rector and vice rector
Tuition to be set
the increase, the average double room rate will go up next academic
year to $2,711, a hike of 10.6 percent. The administration anticipates
$150 increases over each of the next four fiscal years to pay
for major housing repairs, replacement and renovations, with particular
emphasis on the Alderman Road houses, which serve mostly first-year
increase, which is expected to provide about $900,000 toward the
facilities reserves, is part of a housing renovation and replacement
plan that could cost $150 million to $200 million over the next
Finance Committees recommendation to issue $200 million
in bonds includes $115 million for seven new projects and $85
million to refinance debt. The projects range from $32.1 million
for the multipurpose arena to $5 million for the Cancer Center
meeting for rector, others
meeting was the last for the current rector, John P. Jack
Ackerly III, and three other members, whose terms expire Feb.
28: Elizabeth A. Twohy, T. Keister Greer and Elsie Goodwyn Holland.
members also decided to shorten the rectors term from four
years to two and to create a new position, vice rector, to ensure
an orderly change of leadership.
board deferred discussing tuition, which had been on the agenda,
because the state situation is uncertain, said Leonard
W. Sandridge, executive vice president and chief operating officer.
Tuition is expected to be on the boards agenda at its next
meeting April 4 and 5.
for graduate student funds
Senate President Michael J. Smith asked the boards education
committee for graduate student funding.
programs are key to the success of the whole University, but we
are handicapped by funding, Smith said.
students assist professors with research and teaching, he said,
and the quality of graduate students affects faculty recruiting.
University competes nationwide for top graduate students, Smith
said, and it is getting only one or two of every 10 interviewed.
He said in some cases U.Va. is beaten by lesser schools that offer
more generous packages.
is a problem that is not going away, he said. We need
a long-term solution.
The graduate student problem had been eased by providing health
coverage, but Smith said more needs to be done.
President and Provost Gene Block said there have been 12 retirements
and resignations at the College
of Arts & Sciences in 2002, a five-year low. There were
59 departures over the entire University in 2002, also a five-year
tenured and tenure-track faculty have increased slightly over
the past several years, from 524 in 1999 to 533 in 2002, the number
of undergraduates has climbed steadily to 16,079, creating a student-faculty
ratio of 15.9-to-1. Block said U.Va. is still competitive with
other public universities, but the faculty is having to do more
board also created a Masters of Public Health, a new degree program
to be established in the College and Graduate School of Arts &
Sciences. Graduates will receive a professional degree that focuses
on health law and ethics as well as a core curriculum mixed with
practical experience. The degree program must be approved by the
State Council of Higher Education for Virginia.
Center status report
revenues are up while its costs have been held to budget levels.
center received $263.1 million in revenues in the first five months
of the fiscal year, exceeding its budget target by $10.6 million.
At the same time, expenses stayed at the budgeted $243.7 million,
Chief Financial Officer Larry Fitzgerald told the Medical Center
Operations Board on Jan. 30.
Medical Center is on target to reduce expenses by $28 million
through cost control and personnel reduction. Salaries and benefits,
which account for 46 percent of expenses, are running $800,000
below budget. The hospital has reduced its payroll by 181 full-time
equivalencies, including 68 employees who were put into a reassignment
program, said R. Edward Howell, vice president and chief executive
centers operating margin, $19.4 million, which is 7.4 percent
of revenue, is higher than budgeted, and Fitzgerald said he is
cautiously optimistic about the rest of the fiscal
Edwin D. Vaughan Jr., chairman of the Medical Center Operating
Board, said that Medicare reimbursements to doctors were declining
about 4 percent a year. He said this had broad implications since
managed care contracts are tied to Medicare rates.
Medicare goes down, then our book of business goes down,
a lively report by second-year College student Maggie Samra on
the importance of undergraduate research, board member Warren
Thompson introduced a resolution to the board to support all students
having a positive impact on the University community through their
creative academic work. The resolution, agreed on by the board,
is as follows:
the Board of Visitors commends and supports the outstanding
accomplishments of the students of the University of Virginia
in the classroom, on the playing field, in research, in extramural
academic competition and in service to the community around
them. Further, the Board does not condone the unfortunate actions
of a few students who have neglected the feelings of others
with their thoughtless acts.