 | Board of Visitors minutes June 9, 2006 |  |
REPORT BY THE PRESIDENT
The President said the Governor has signed the restructuring legislation governing the University; the legislation will go into effect July 1st. The state budget, however, remains in limbo.
In the Federal Congress, a $2million appropriation designated for the pedestrian crossing over Jefferson Park Avenue – as part of the South Lawn Project – is in the final House Committee version of the FY2007 Appropriations Bill. The bill will then go to the floor of the House for debate and from there to the Senate.
The Virginia Quarterly Review this spring was nominated for six National Magazine Wards and received two: for fiction; and for general excellence in the under-100,000 circulation category. These awards, the President said, “are the industry’s highest honor, and for a literary journal to receive two awards is exceptional.”
Turning to the Campaign, the President said the cash flow figures for April are $10.2million, for a year-to-date total of about $192million. Again using figures through April, the Campaign total is $879.9million, or 29.3% of the Campaign goal. These numbers do not include the Ivy Foundation gift of $45million, nor a $5million gift to the Darden and Curry Schools; when these two are added in, the total comes to about $930million.
The President then told the Board about his travel schedule – in connection with the Campaign – over the next several months.
| Board of Visitors minutes June 9, 2006 | |