[1986-08-14] Minutes of a meeting of the Executive Committee of the Board of Visitors of Virginia Commonwealth University August 14, 1986.

              MINUTES OF A MEETING OF THE EXECUTIVE COMMITTEE
      OF THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY 
                August 14, 1986


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

    Virginia Commonwealth University was held on Thursday, August 14, 1986
,
    at 9 a.m. in the University Meeting Center.

      Present were Messrs. Farinholt (Chairman), Berry, Gregory, and

    Morris; and Mesdames Abady and Whittemore. Mrs. Bemiss; and Messrs.

    Lipman and Wurtzel were absent. Also present were Drs. Ackell,

    Connell, Ruch, Sparks and Wilson; Messrs. Brown, Bruegman, Doswell and

    Ross; and Mrs. Price.

      Mr. Farinholt called the meeting to order and announced that the

    President's Report would be the last item in open session.

      Mr. Bruegman presented the 1985-86 Year-End Budget Report for

    Educational and General Funds. He stated that annual revenue and
    expenditures were in balance.

      Mr. Bruegman stated that the report on the Review of Management

    Practices distributed with the agenda documents the accomplishments
    over the past biennium. It is based on the 1984-86 institution's stra-

    tegic plan adopted by the Board in May 1983, as part of the Statement

    on Institutional Priorities for 1984-86.
      Dr. Ruch presented the Institutional Priorities document for

    1986-88. He stated that this document is the culmination of much fac-

    ulty review and discussion and incorporates teaching, service and clin
-
    ical services. Mrs. Abady requested that quantitative information be

    included with goals so that Board members can determine if goals have

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    been met. Dr. Ackell responded that with a steady state budget, it
    would be difficult to show numbers. The administration allocates

    resources as they become available to the high priority programs. The

    Rector requested that when possible, a•concise statement be added quan
-
    tifying each goal. On motion made and seconded, the Committee approved

    the concept of adopting an Executive Summary of the Institutional Pri-

    orities which would include quantitative information when possible.
      Mr. Bruegman presented the 1987 Capital Budget requests previously

    approved by the Property Committee. These requests include from Gener-

    al Funds:
         General Purpose Academic Building Exterior Sitework 
         $523,035
         Dooley and East Hospital Demolition and Sitework 
         $350,000
         Academic Campus Lighting and MCV Campus Security Lighting 
         $1,000,000
    and from Non-General Funds:

         Dormitory Renovations - MCV Campus 
         $800,000
         Increase Blanket Authorization for Hospital Renovations 
         $2,000,000
         Establish Blanket Authorization for Auxiliary Enterprises 
         $1,000,000
      Faculty salaries will be an item addressed on a statewide basis.

    VCU's current appropriation contains no faculty increases for 1987-88.
    With no increases, VCU's rank in its peer institutions will fall back

    to 23rd. In order to achieve the goal of 10th rank in 1987-88, VCU's

    faculty salaries would have to increase by 11.50%. A discussion fol-

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    lowed on the University's peer institutions and the formulae used to
    determine faculty salaries. On motion made and seconded, the 1987
    Legislative requests were approved as submitted.
      The Report of the President followed. Dr. Ackell announced that
    Mr. Charles G. Thalhimer has been named chairman of the VCU campaign.
    The campaign will officially kick off later this fall and will be the
    first university-wide campaign in the institution's history. The cam-
    paign goal is $52 million and the top priority will be to enhance VCU's
    academic programs through endowed chairs and professorships for facul-
    ty. Mr. Thalhimer stated that he was honored to have been chosen for
    this important position and was excited about the potential of VCU to
    raise these funds. He stated that a list of prestigious individuals
    was being developed to assist with the campaign.
      On motion made and seconded, the Committee convened into executive
    session to discuss the investing of public funds, and to discuss mat-
    ters relating to gifts, bequests and fund-raising activities as author-
    ized by Section 2.1-344 a(5) and a(7) of the Virginia Freedom of Infor- 
    mation Act.
      Following executive session, Mr. Farinholt reported that no
    actions had been taken.
      The meeting adjourned at 11 a.m.

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  Approved:Margaret Bemiss, Secretar