Spring Break
Board of Trustees approve funds for repairs, PeopleSoft
Amy Schellenbaum
Issue date: 11/6/09 Section: News
The Board of Trustees discussed contract agreements and budget planning and approval at yesterday's meeting at the Merlin D. Bishop Center.
The board approved procurements and project budgets for the year. Included were the renewal of PeopleSoft services, photography lab ventilation improvements in the Fine Arts Complex and repairs in the East dormitories.
The meeting opened with UConn President Michael J. Hogan's report that briefly retold the events that have occurred since the evening Jasper Howard was killed. He also thanked those who contributed effectively to the situation, including the UConn Police Department, Gov. M. Jodi Rell, student health professionals, The Division of Student Affairs, public safety officers and university communications.
"They were not only fast and efficient, but incredibly compassionate and humane," Hogan said.
"I cannot thank everyone enough for the sympathy they showed for the Howard family," said Chairman Lawrence McHugh.
Because state financial support has substantially decreased, the board recognized the importance of discovering alternate means of generating funds. Tuition revenue is only 1.3 percent less than state funding. Two years ago, the difference was 6 percent.
A major alternate resource of revenue comes from the students via tuition, and room and board. Although these payments have increased for the 2010 fiscal year by an average of about 6.3 percent, the total financial aid is budgeted to increase by 10 percent. Because of a federal stimulus bill, work-study funding has increased by $200,000. There is also research funding, private donations and revenue from the UConn Health Center.
It is through these alternative funds that the board previously portioned $1 million for emergency financial aid funding. But, these same initiatives for alternate revenue are seen as a "state resource," so the state will take $3 million this year and $5 million next year.
The Health Center was identified as in "serious risk" because of the decreased funds from the state. The proposed solution is a partnership with Hartford Healthcare Corporation. The board approved the Health Center spending plan for 2010 of $780.7 million.
The UConn Foundation also disclosed the results of their contributions and total number of household donors to date. Committing a total of $9.52 million to date, the foundation has committed 18 percent of their goal for the entire 2010 fiscal year. The number of households giving to the foundation is 8,135, fewer than a third of the foundation's goal of 30,000 for 2010, and 830 households less than the results of the 2009 fiscal year.
Despite the national economic issues, the board reported that 92 percent of recent graduates are either employed or are continuing their education.
The next Board meeting is Jan. 26 at 1 p.m. in the Rome Ballroom.
The board approved procurements and project budgets for the year. Included were the renewal of PeopleSoft services, photography lab ventilation improvements in the Fine Arts Complex and repairs in the East dormitories.
The meeting opened with UConn President Michael J. Hogan's report that briefly retold the events that have occurred since the evening Jasper Howard was killed. He also thanked those who contributed effectively to the situation, including the UConn Police Department, Gov. M. Jodi Rell, student health professionals, The Division of Student Affairs, public safety officers and university communications.
"They were not only fast and efficient, but incredibly compassionate and humane," Hogan said.
"I cannot thank everyone enough for the sympathy they showed for the Howard family," said Chairman Lawrence McHugh.
Because state financial support has substantially decreased, the board recognized the importance of discovering alternate means of generating funds. Tuition revenue is only 1.3 percent less than state funding. Two years ago, the difference was 6 percent.
A major alternate resource of revenue comes from the students via tuition, and room and board. Although these payments have increased for the 2010 fiscal year by an average of about 6.3 percent, the total financial aid is budgeted to increase by 10 percent. Because of a federal stimulus bill, work-study funding has increased by $200,000. There is also research funding, private donations and revenue from the UConn Health Center.
It is through these alternative funds that the board previously portioned $1 million for emergency financial aid funding. But, these same initiatives for alternate revenue are seen as a "state resource," so the state will take $3 million this year and $5 million next year.
The Health Center was identified as in "serious risk" because of the decreased funds from the state. The proposed solution is a partnership with Hartford Healthcare Corporation. The board approved the Health Center spending plan for 2010 of $780.7 million.
The UConn Foundation also disclosed the results of their contributions and total number of household donors to date. Committing a total of $9.52 million to date, the foundation has committed 18 percent of their goal for the entire 2010 fiscal year. The number of households giving to the foundation is 8,135, fewer than a third of the foundation's goal of 30,000 for 2010, and 830 households less than the results of the 2009 fiscal year.
Despite the national economic issues, the board reported that 92 percent of recent graduates are either employed or are continuing their education.
The next Board meeting is Jan. 26 at 1 p.m. in the Rome Ballroom.
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