[1984-02-16] Minutes of a meeting of the Executive Committee of the Board of Visitors of Virginia Commonwealth University February 16, 1984.

              MINUTES OF A MEETING OF THE EXECUTIVE COMMITTEE
    OF THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY 



                FEBRUARY 16, 1984















      A meeting of the Executive Committee of the Board of Visitors was







    held on Thursday, February 16, 1984, at 9:00 a.m. in the University







    Meeting Center. Present were Messrs. Craigie and Ludeman; Drs.







    Coleman, Gayle, and Nemuth; and Mrs. Whittemore. Absent were Messrs.







    Morris and Reynolds. Also present were Drs. Ackell, Hall, and Woods;







    Messrs. Bruegman, Guerdon, and Ross; Ms. Barnes and Mrs. Jez.







      Mr. Bruegman presented the Quarterly Budget Report for the Second-







    Quarter ending December 31, 1983, and the Mid-Year Budget Projection







    Report for E&G Programs for 1983-84. These reports showed that,







    despite a decline in enrollment which is causing a shortfall in budget
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    ed tuition and fee revenues, the budget is in balance.







      Members of Executive Committee reviewed the budget planning assump-







    tions for 1984-86. Dr. Ackell stated that final plans will not be 







    developed until the General Assembly acts on the Budget Bill. He







    explained that the concept of level funding is beneficial in certain







    areas such as indigent care, student aid, capital projects and salary







    increases. However, fixed cost increases and a 4.6 percent reversion 







    must be absorbed by the agencies. Dr. Ackell noted that VCU has been







    involved in a budget reallocation process for the last two biennia, an
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    if relief is not provided by the General Assembly for general operatin
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    support, additional budget cuts will be necessary in 1984-86. He stat-







    ed that the academic programs are being reviewed for budget reductions
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    since the administrative and support services have been reduced 







    drastically.

      The legislative amendments for the institution were briefly dis-
    cussed. VCU has filed this request with both the Senate and House.
    The amendments include two statewide priorities: (1) Student Financial
    Assistance, and (2) Faculty Salary Increases. Institutional priorities
    include: (1) Technology Program Enhancement; (2) Graduate Engineering
    Program for Biomedical/Biotechnical Engineering; (3) Calculation of
    Tuition Revenue; (4) Administrative Computing; and (5) Hospital Renova
-   tions.
      On motion made and seconded, the Committee convened in executive
    session to discuss certain personnel matters involving the performance
    of identifiable employees or faculty of VCU, and to discuss the evalua
-   tion of performance of departments or schools of VCU where such matter
s   regarding such individuals might be affected by such evaluation, and t
o   discuss investments as authorized by Section 2.1-344 (a)1 and a(5) of
    the Virginia Freedom of Information Act.
      Upon return to open session, the Executive Committee, upon motion
    made and seconded, approved a Policy for the Use of Endowment Funds,
    approved the faculty change-in-status and ratified the approval of the
    recommendations of the Honorary Degree Committee.
      The meeting was adjourned at 11:00 a.m.

    3
 Approved: