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

September 9-10, 2008 31347President Rice recommended the Board of Regents approval of the administrativepersonnel actions listed above.Regent Dunning moved approval of the recommendation. The following voted yeson the motion: Regents Wade, Bell, Rainbolt-Forbes, Dunning and Clark. The Chair declaredthe motion unanimously approved.LITIGATION – RSUThis item was included in the agenda for the purpose of meeting with GeneralCounsel in executive session for a report on pending and possible litigation. No executivesession was held, and there was no report.ANNUAL INVESTMENT – RSUQUARTELRY REPORT FOR BOND PROJECTS RELATING TO RENOVATIONS,REPAIRS AND INFRASTRUCTURE – RSUQUARTELRY REPORT OF PURCHASES – RSUQUARTELRY FINANCIAL ANALYSIS – RSUThe listed items are identified, by the administration, in each agenda item as “ForInformation Only.” Although no action was required, the opportunity to discuss or consider anyof them individually was provided.ANNUAL INVESTMENT – RSUThe annual report of investment activity for Rogers State University is herebysubmitted. Rogers State University invests its temporary idle cash in accordance with Section 4.1of the Regent’s Policy Manual for CU/RSU. Rogers State University invests all availableoperating funds with the Oklahoma State Treasurer’s Cash Management Program (CMP). TheBusiness Office monitors the cash needs to maximize the amount of funds invested.During fiscal year ended June 30, 2008, on an average invested balance of$10,895,367 for all funds invested, Rogers State University earned a total of $500,446 in intereston investments made through the State Treasurer’s CMP. The earned interest rates ranged from4.17% to 4.8%. The annual average rate of return was calculated at a rate of 4.59%.This item was reported for information only. No action was required.QUARTERLY REPORT FOR BOND PROJECTS RELATING TO RENOVATIONS,REPAIRS, AND INFRASTRUCTURE – RSUThe Board of Regents, at the May 2006 meeting, authorized the President or hisdesignee to solicit bids and award contracts to various vendors, suppliers, and contractors forprojects funded through the Oklahoma Higher Education Promise of Excellence Act of 2005 upto a maximum of $3,422,702, and to report back to the Board quarterly, the action taken underthis authority.The quarterly report is attached hereto as Exhibit F for your information.This item was reported for information only. No action was required.