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Home > Board of Directors > November 10, 2004
Executive Committee
November 10 , 2004 - Summary
ITEM #1 APPROVAL OF EXECUTIVE COMMITTEE MINUTES FOR APRIL 30, 2004
The minutes were approved.
ITEM #2 JUDGE JULIAN BECK INSTRUCTIONAL IMPROVEMENT PROJECTS PROPOSED
CHANGES TO GUIDELINES
MSP: That The University Corporation Executive Committee approve the proposed Judge Julian Beck Instructional Improvement Projects guidelines as proposed.
ITEM #3 APPOINTMENT OF NOMINATING COMMITTEE
The Chair appointed o the Nominating Committee. The Nominating Committee will present nominations at the December Board of Directors meeting for the following positions: Chair of the Board; First Vice President; Second Vice President; Recording Secretary, Treasurer and non-student member of the Student Projects Committee.
ITEM #4 ARTICLES OF INCORPORATION
The Corporation has begun a process to seek a property tax exemption for its real estate properties. The first step is to amend the Articles of Incorporation. Legal Counsel recommended a complete restatement, since the Articles have already been amended.
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors approve the Amended and Restated Articles of Incorporation as presented.
ITEM #5 PURCHASING POLICY
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors approve the proposed Purchasing Policy, with the revisions noted.
ITEM #6 SENATE BILL 1262 REQUIREMENTS
Senate Bill 1262 will become effective on January 1, 2005 and will apply to all auxiliaries. The University Corporation already follows most of its provisions. Two items that must be implemented are the establishment of an audit committee and the approval by the Board or an authorized subcommittee of the complete compensation packages of the Corporation Executive Director and Chief Financial Officer.
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors: 1) authorize the University President to appoint an audit committee; and 2) authorize The University Corporation Executive Committee to approve the compensation, including benefits, of the Executive Director and the Chief Financial Officer.
ITEM #7 HUH UPDATE
Two homes were sold between August 15 and October 31, 2004.
ITEM #8 AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2004
The information was received. The Corporation received an unqualified letter from the auditors.
ITEM #9 FINANCIAL STATEMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 2004
The information was received
ITEM #10 RESEARCH & SPONSORED PROJECTS - AWARDS AND
EXPENDITURE REPORTS (JULY, AUGUST, SEPTEMBER 2004)
The information was received
ITEM #11 ANNOUNCEMENTS
Exchange Replacement: Requests for Qualifications were sent to four architect/food service design teams last week.
