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

September 9-10, 2008 31339SCHEDULE 3 CU: STATEMENT OF REVENUE AND EXPENDITURES – AUXILIARYENTERPRISES1. Revenues – Revenues for Auxiliary Enterprises are at anticipated levels.2. Expenditures – Expenditures for Auxiliary Enterprises are at anticipated levels.SCHEDULE 4 CU: DISCRETIONARY RESERVESDiscretionary reserves represent that portion of the university’s resources that are notcurrently budgeted for expenditure or are otherwise held for specific future uses. As such,resources of this nature are available to fund future capital projects, operating needs and/orunforeseen contingencies for any lawful purpose of the university.E & G PART IThe E&G Part I discretionary reserves were $6,772,074 on June 30, 2008. $955,918of the balance has been budgeted to balance the fiscal year 2009 E&G Part I Budget, leavingdiscretionary reserves of $5,816,156.E & G PART IIThe E&G Part II discretionary reserves were $266,170 on June 30, 2008.AUXILIARY ENTERPRISESStudent Activities reserves were $94,220 at June 30, 2008. Student Activitiesworking capital requirements are $42,552 leaving discretionary reserves of $51,668.Miscellaneous Auxiliary reserves were $4,136,437 at June 30, 2008. MiscellaneousAuxiliary working capital requirements are $3,774,112 leaving Miscellaneous Auxiliarydiscretionary reserves of $362,325.Student Facility reserves were $1,166,912 at June 30, 2008. Student Facility workingcapital and other commitment requirements are $421,954 leaving Student Facility discretionaryreserves of $744,958.PLANT FUNDS$473,519.Section 13, Section 13 Offset and New College Funds currently have a balance ofThis was reported for information only. No action was required.ROGERS STATE UNIVERSITYREPORT OF THE PRESIDENT OF THE UNIVERSITYPresident Rice opened his report by thanking his staff and others at RSU whomade the meeting successful. He also introduced two new vice presidents thatwere attending their first Regents’ meeting, Dr. Richard Beck, who has beenVice President of Academic Affairs for 70 days, and Dr. Tobie Titsworth,Vice President for Student Affairs for eight days. The President was pleasedto announce that the RSU public television station was to air the firstPresidential forum live and that people would be able to submit questions forthe candidates to the national center. He reported that enrollment is stable,with about the same number of students as last year taking more credit hours.