BOV Finance Committee approves budgets, Major Capital Projects
By Margaret Glass | June 10, 2022The group approved a $100 million investment in the Strategic Investment Fund
The group approved a $100 million investment in the Strategic Investment Fund
The Board of Visitors Advancement Committee met this morning to recount the better than expected success of past fundraising efforts.
The proposed audit plan — presented by Chief Audit Executive Carolyn Saint — covers the academic division and the health center for fiscal year 2023 and 2024.
Administrators are planning to work toward an enhanced advising system that integrates offices that touch student life.
The Board of Visitors convened for a full board meeting held Friday afternoon to end the June session.
The Major Capital Plan has a total budget of 2.8 billion dollars — down from 3.1 billion dollars last year.
No credible threat was determined following a preliminary investigation by the UPD.
While on the Board, Mehta has worked to connect as many students as possible with the Board and University administration in order to give them a voice in a body she feels many students feel disconnected from.
University leaders discussed efforts to bolster relations with the local community as well as the consequences of two years of COVID-19 policy.
Baucom provided insight into these survey results, noting that some of the issues with first-year advising comes from general advisors who know little about areas of study outside of their own fields.
Fundraising for the University in 2022 has surpassed that of 2021 with total commitments to the University, including current gifts and pledged future gifts, reaching a total of $322 million.
During the meeting, the committee went through a slideshow, summarizing what they hope to achieve in the new fiscal year 2023-2024 audit plan.
The Finance Committee voted Friday morning in favor of budget amendments that call for an additional $75 million.
The Health System Board is the governing board for both the University’s Medical Center and the Transitional Care Hospital.
The Buildings and Grounds committee will be given the opportunity to vote on any revisions to the capital plan and capital projects during the next meeting of the Board of Visitors in June.
The Senate voted to draft a statement in favor of academic freedom across all American universities.
Aramark Marketing Coordinator Kaylee Sciacca also provided senators with an overview of faculty meal plan options.
Senators spent the meeting expressing concerns over the failure to maintain standard best practices for appointing a high-level administrator.
The University will no longer require faculty and staff to be vaccinated against COVID-19 as a condition of employment.
Magill joined the University in August 2019 after seven years at Stanford University.