May 2020 Board of Regents Meeting

May 7-8

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Agenda

Agenda: May 2020 (PDF)

THURSDAY, MAY 7, 2020

9:00 a.m. Videoconference
Audit & Compliance Committee
Regent Rosha, Chair/Regent Kenyanya, Vice Chair


1. COVID-19 Pandemic: Preliminary Audit, Compliance, and Internal Control Impacts –G. Klatt/B. Kumher/M. Volna/S. Paulson
2. Information Items – G. Klatt

10:15 a.m. Videoconference
Mission Fulfillment Committee
Regent Anderson, Chair/Regent Davenport, Vice Chair


1. Introduction of Executive Vice President and Provost – J. Gabel
2. COVID-19 Pandemic: Preliminary Academic Impacts – J. Gabel/R. Croson/C. Cramer/R. McMaster
3. Promotion and Tenure, and Annual Continuous Appointments – Review/Action –R. Croson
4. Consent Report – Review/Action – R. Croson
5. Information Items – R. Croson

12:00 – 1:00 p.m. - Break

1:00 p.m. Videoconference
Finance & Operations Committee
Regent McMillan, Chair/Regent Beeson, Vice Chair
15 min break to be taken at call of the Chair


1. COVID-19 Pandemic: Preliminary Financial and Operational Impacts – J. Gabel/B. Burnett/M. Berthelsen/B. Gulachek/K. Horstman
2. President’s Recommended FY 2021 Annual Operating Budget – Review – J. Gabel/B. Burnett/J. Tonneson/K. Horstman
3. President’s Recommended FY 2021 Annual Capital Improvement Budget – Review –J. Gabel/B. Burnett/M. Berthelsen
4. Real Estate Transactions – Review – L. Krueger
A. Purchase of 1015 Essex Street SE, Minneapolis, Minnesota (Twin Cities campus)
B. Sale of Approximately 435 Acres, Rosemount, Minnesota (UMore Park)
5. Consent Report – Review/Action – B. Burnett
6. Information Items – B. Burnett


FRIDAY, MAY 8, 2020


9:00 a.m. Videoconference
Board of Regents Meeting
Regent Powell, Chair/Regent Sviggum, Vice Chair


1. Approval of Minutes – Action – K. Powell
2. Report of the President – J. Gabel
3. Report of the Chair – K. Powell
4. Receive & File Reports
5. Consent Report – Review/Action – K. Powell
A. Gifts
B. Report of the Naming Committee
C. Appointments to East Gateway Project Committee
6. COVID-19 Pandemic: University’s Service to Minnesota During Pandemic Response –J. Gabel
7. Systemwide Strategic Plan, Part I – Review – J. Gabel
8. COVID-19 Pandemic: Preliminary Impacts on Academic Health Enterprise and the Medical School – Action – J. Gabel/J. Tolar/P. Mitsch
9. COVID-19 Pandemic: Preliminary Impacts on Athletics – J Gabel/M. Coyle/R. McFarland
10.Report of the Committees
11.Old Business
12.New Business
13.Adjournment


Committee Consent Reports:


Finance & Operations: Central Reserves General Contingency Allocations; Purchase of Goods and Services $1,000,000 and Over; Amendments to Retirement Plans; Course Fees Refund for Spring 2020; Principles for Allocating Federal CARES Act Funds for Student Assistance; Schematic Designs.
Mission Fulfillment: Academic Program Changes.

Committee Information Items:


Finance & Operations: Annual Investment Performance: Peer Comparisons; Annual Report on Workforce and Total Compensation; Investment Advisory Committee Update; Quarterly Asset Management Report; Semi-Annual Management Report – Unaudited; Update on Changes to the Faculty Retirement Plan.
Mission Fulfillment: Completed Comprehensive Review of Board Policy; University, Student, Faculty, and Staff Activities and Awards.
Audit & Compliance: Institutional Compliance Officer Semi-Annual Report; Engagements Less Than $100,00 Requiring After-the-Fact Reporting.

[Tentative Item]

Materials and videos

Board of Regents

Audit & Compliance Committee

Finance & Operations Committee

Mission Fulfillment Committee