World Trade Center
St. Paul, Minnesota
THIS SUMMARY IS NOT THE OFFICIAL MINUTES OF THE MEETING
1997 Gifts and Grants Report
The Board of Trustees accepted the FY 1997 Gifts and Grants Report consistent with Board Policy 8.1. MnSCU institutions and their foundations received $49.5 million in FY 1997.
FY1999-FY2001 Allocation Model
The Board of Trustees endorsed the chancellor's outline for preparation of FY2000-FY2001 operating budget principles and allocation method. The chancellor will provide the Board with an update of the peer grouping effort in March 1998 and May 1998. The Board intends to adopt principles and a new allocation framework in advance of the FY2000-FY2001 operating budget request to Governor Carlson and the Minnesota legislature. The chancellor is further directed to prepare the FY1999 operating budget recommendations without change to the current allocation method.
MnSCU Policy 5.2 - Fees
The Board of Trustees approved the recommended MnSCU Policy 5.2 - Fees and repealed the carry forward policies CC V.01.02, Resources: Fees Section: SU Policy 5.4-Supplemental Fees; SU Policy 5.6; Student Activity and TC 184.108.40.206 Fees and MnSCU Board Policy 2.5, Application Fee.
Staff is directed to include the projected impact of the fee policy change into the tuition proposal for FY 1999 and propose amendments if necessary.
State Grant Recommendation
The Board of Trustees accepted the amended motion related to the state grant recommendation, as follows:
Revenue Fund Rate Restructuring Plan
The Board of Trustees accepted the recommended motion approving the residence hall program rate restructuring proposal effective with FY1999 rates. Universities are directed to develop a consultation process with students for review of proposed rates prior to presentation to the Board, for the Board's approval. A management plan will be presented to the Board of Trustees in November of each year and will include a four year projection of program income and expenses, a repair and replacement program and report on the past two years of experience. Each university management plan will also provide for a reserve equal to 110 percent of operating revenues by the year 2002.
Metro Plan/Capital Plan
The Board of Trustees approved the recommended motion related to the Metro Plan Capital Program and directed the chancellor to convey the program to the governor and 1998 legislature. The amount of the Metro Plan Capital Program is $14,591,000, broken out as follows:
Proposed Amendments to Internal Audit Charter
The Board of Trustees approved the amended Internal Audit Charter. The amendments to the charter are primarily technical clarifications.
Metro Plan Update
The Board of Trustees received a preliminary report on the Metro Area Master Academic Plan prepared by Dr. Hazel Reinhardt. The Board will hold hearings on the preliminary plan at Metropolitan State University, Great Hall, on February 4, from 2:00 pm to 5:00 pm, and at Minneapolis Community and Technical College, Gourmet Dining Room, on February 5 from 2:00 pm to 5:00 pm.