The regents will meet in committees Thursday morning:
The Business and Finance Committee will discuss faculty and staff base salary adjustments for FY2014, faculty turnover, the financial management report, and the report of the funding allocation working group.
According to the agenda, 44 percent of faculty and instructional staff at UW-Madison received a non-promotion base salary adjustment averaging $8,772. Five percent of UW-Madison faculty received a lump sum payment averaging $2,772.
Seventy-four faculty members left UW-Madison last year; 31 retired and slightly more than half left the institution.
The funding allocation working group recommends that base funding should not be reallocated among institutions and each institution should retain its tuition dollars. The group also recommends that the president and board retain authority over the distribution of any new flexible state funding.
The Capital Planning and Budget Committee will discuss its priorities and goals and two additional capital budget projects for 2015-17.
The Research, Economic Development and Innovation Committee will hear an update on partnerships with the Wisconsin Economic Development Corporation (WEDC).
The full board will meet Thursday afternoon and Friday morning. UW System President Ray Cross will introduce a report on program revenue balances and the board will hear an update on the Flexible Option on Thursday.
According to the program revenue report, UW-Madison has lowered its tuition balance by 41 percent, from $143 million in 2013 to $84.5 million in 2014. The fund balance was lowered from 14 percent of expenses to 8 percent, well under the 12 percent threshold implemented by the legislature earlier this year.
The regents will hear updates from staff and committees on Friday.