 | Board of Visitors minutes September 24, 2005 |  |
TENTATIVE MINUTES
SUBJECT TO THE
APPROVAL OF THE
BOARD OF
VISITORS
September 24, 2005
The Board of Visitors of the University of Virginia met, in Open Session, at 12:00 noon, Saturday, September 24, 2005, in the President’s Conference Room at Madison Hall; Thomas F. Farrell, II, Rector presided. Alan A. Diamonstein, Ms. Susan Y. Dorsey, Ms. Georgia Willis Fauber, G. Slaughter Fitz-Hugh, Jr., Ms. Glynn D. Key, Vincent J. Mastracco, Jr., Lewis F. Payne, Gordon F. Rainey, Jr., Warren M. Thompson, and Ms. Catherine S. Neale were present.
Don R. Pippin participated by telephone.
Present as well were John T. Casteen, III, Leonard W. Sandridge, Alexander G. Gilliam, Jr., Paul J. Forch, Gene D. Block, R. Edward Howell, Ms. Colette Sheehy, and Ms. Jeanne Flippo Bailes.
The Rector asked Mr. Sandridge, Executive Vice President and Chief Operating Officer, to present the Agenda. Mr. Sandridge reminded the Board of the task at hand: a discussion of the Six- Year Plans that must be submitted to the State by October 1st. He asked Ms. Sheehy, Vice President for Management and Budget, to describe the two plans, one for the Academic Division and the Medical Center combined, and the other for The University of Virginia’s College at Wise. Both plans are divided into four parts: narrative; response to goals set by the state; revenue and spending plan; and enrollment plan.
In response to the State’s goals, the Plan for the Academic Division would fully implement AccessUVa, continue the newly instituted College Guide Program to provide advising to high school students and increase enrollment by 1500 students over ten years. The University will agree, among other responses to the State’s goals, to introduce and “expand availability of new degree programs in high need areas,” to maintain a “continuous assessment” of academic programs, to maintain our high graduation rate, to expand the Arts & Sciences advising fellows program, and to implement articulation agreements with all 23 community
Ms. Sheehy next outlined several proposed revenue and spending plans.
As for the Medical Center, its strategic direction reflects the goals of the Medical Center Operating Board, agreed upon this past summer. It aims to continue to deliver superior medical care, while operating competitively, and to meet the needs of both the aging and growing population in the region. Its growth, however, is dependent on increasing the number of patient beds. The Medical Center’s projected operating margin is 5% over this six year period.
Responding both to the State’s goals and to the needs of Southwest Virginia, The University of Virginia’s College at Wise wants, among other things, to increase access and affordability, broaden its range of academic offerings, establish an Office of Economic Development and improve student retention. Ms. Sheehy noted that on July 19th, the State Council approved Wise enrollment targets – previously approved by the Board – to add 215 students over seven years.
Mr. Sandridge pointed out that the Management Agreements, required by the legislation approved by the General Assembly at the last Session, are still under negotiation with Richmond. According to the established schedule, the Governor will have approved the management agreements in time to include them with his budget recommendations to the General Assembly in December. If the General Assembly approves them in the next Session, they will go into effect on July 1, 2006.
After discussion of the details of the proposed Six Year Plans, the Board adopted the following resolution approving them:
| Board of Visitors minutes September 24, 2005 | |