{"id":6725,"date":"2014-10-08T09:13:34","date_gmt":"2014-10-08T15:13:34","guid":{"rendered":"http:\/\/profs.wisc.edu\/?p=6725"},"modified":"2014-10-08T09:13:34","modified_gmt":"2014-10-08T15:13:34","slug":"october-board-of-regents-meeting","status":"publish","type":"post","link":"https:\/\/profs.wisc.edu\/?p=6725","title":{"rendered":"October Board of Regents Meeting"},"content":{"rendered":"

\"uw<\/a>The University of Wisconsin System Board of Regents will meet<\/a> at UW-Stevens Point Thursday and Friday, October 9 and 10. Livestream coverage of the meeting will be available here<\/a>.<\/p>\n

The regents will meet in committees Thursday morning:<\/p>\n

The\u00a0Education<\/a> Committee<\/a>\u00a0will discuss updates on credit transfer agreements, changes to faculty bylaws at UW-Platteville, and the UW School of Medicine and Public Health Wisconsin Partnership program.<\/p>\n

The\u00a0<\/em>Business and Finance Committee<\/a>\u00a0will discuss faculty and staff base salary adjustments for FY2014<\/a>, faculty turnover<\/a>, the financial management report<\/a>, and the report of the funding allocation working group<\/a>.<\/p>\n

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.<\/p>\n

Seventy-four faculty members left UW-Madison last year; 31 retired and slightly more than half left the institution.<\/p>\n

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.<\/p>\n

The\u00a0Capital Planning and Budget Committee<\/a>\u00a0<\/em>will discuss its priorities and goals and two additional capital budget\u00a0projects for 2015-17.<\/p>\n

The\u00a0Research, Economic Development and Innovation Committee<\/a>\u00a0will hear\u00a0an update on partnerships with the Wisconsin Economic Development Corporation (WEDC).<\/p>\n

The full board will meet Thursday afternoon<\/a> and Friday morning<\/a>. UW System President Ray Cross will introduce\u00a0a report on program revenue balances<\/a> and the board will hear an update on the Flexible Option<\/a>\u00a0on Thursday.<\/p>\n

According to the program revenue report, UW-Madison has lowered its tuition balance by 41 percent,\u00a0from $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.<\/p>\n

The regents will hear updates from staff and committees on Friday.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The University of Wisconsin System Board of Regents will meet at UW-Stevens Point Thursday and Friday, October 9 and 10. Livestream coverage of the meeting will be available here. The regents will meet in committees Thursday morning: The\u00a0Education Committee\u00a0will discuss…<\/p>\n

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