Minutes of the Regular Meeting, September 9 ... - Digital Collections

September 9-10, 2008 31337SPED 5613 Remediation of Learning DisabilitiesMethods and TechniquesSPED 5703 Teaching the Gifted and Talented StudentsSPED 5713 Speech, Hearing and Language DisordersSPED 5773 Advanced Educational Strategies in SpecialEducationThis was reported for information only. No action was required.ANNUAL INVESTMENT REPORT – CUThe annual report for investment activity for Cameron University is herebysubmitted. Cameron University’s temporary idle cash is invested in accordance with Section 4.1of the CU/RSU Regent’s Policy Manual. All available operating and capital funds are investedwith the Oklahoma State Treasurer’s OK Invest Program. In addition to operating and capitalfunds invested in the OK Invest Program, the University has a self-insured employee lifeinsurance program in which claims over $75,000 are ceded to an insurance company. Fundsrelated to this life insurance program are used for payments to beneficiaries and a ratestabilization reserve and are held in interest bearing accounts by the plan’s administrator.During fiscal year ended June 30, 2008, on an average invested balance of$11,112,582 for all funds invested, Cameron University earned a total of $517,004 in interest,compared to an average invested balance of $8,284,150 and interest earned of $458,544 in fiscalyear 2007. The average annual rate of return was 4.65 percent.This was reported for information only. No action was required.QUARTERLY REPORT OF PURCHASES – CUThe Board of Regents’ policy governing the buying and selling of goods and services asit was in effect until June 25, 2008 states that:I. Purchases and/or acquisition of goods and services over $125,000 must besubmitted to the Board for prior approval; andII. Purchase obligations between $50,000 and $125,000 must be reported quarterly tothe Board as an information item. Sole source procurements in this category mustalso be reported and identified as such.At its meeting June 25, 2008, the Board of Regents amended the related policy toincrease the $125,000 approval threshold and reporting ceiling to $250,000.The quarterly report for II is below.