CMED update, financial plans, fundraising to be discussed at Thursday's Board of Trustees meeting
The operating and capital budgets for the upcoming academic year, a College of Medicine update and financial plans for the university are among the topics to be discussed at Thursday’s Board of Trustees meeting.
The meeting will begin at 8:30 a.m. with presentations from the Academic and Student Affairs Committee, CMED, the Finances and Facilities Committee and the Audit Committee.
According to an email from the Board of Trustees, a resolution for Central Michigan University’s 2012-13 financial plan will be discussed.
The spending plan allocates a total of $442 million, including $6.5 million increased funding for high-priority academic programs, a $1.1 million general fund increase in financial aid and a $3 million increase in wages for faculty and staff.
The release states the plan includes no financial cuts.
The board will also discuss the possibility of allocating an additional $1.6 million for the planning and completion of the Campus Facilities Master Plan, which includes features such as a space utilization study, facilities condition assessment, utilities assessment and a 10-year plan addressing CMU’s capital needs, according to the email.
An $800,000 request will be made on behalf of CMED for the design phase of a building for the East Campus, located in Saginaw. A previous allocation of $950,000 was made to aid in site selection, programming and design.
Dean of the College of Medicine Ernest Yoder will give an update on fundraising efforts, including the naming of rooms within the college. A total of 18 rooms will be named, and the names recognize donors who have provided a total of $2.1 million in support of the college.
Rather than holding the traditional pre-meetings the day before the collective board meeting, the board attended a retreat as a group.
Thursday’s meeting will be a meeting as a “committee of a whole,” meaning that each individual committee will come together as one to discuss each item.
“The board will meet as a committee of a whole and discuss what they’d usually discuss in the open committee meetings,” said Director of Public Relations Steve Smith. “The board has held one-day retreats in September 2010 and September 2011. In those cases, they opted to add an additional day to their meeting schedule for the retreat and keep the traditional format in place for committee meetings and formal sessions.”
Regular pre-meetings will resume before September’s Board of Trustees meeting.
Thursday’s meeting will take place on campus in the President’s Conference Room located in the Bovee University Center.