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Board of Trustees agenda for Aug. 21 meetings released

Board will consider planned capital projects, investment policy revisions


The Ohio University Board of Trustees will convene Aug. 21 for meetings on the Dublin Campus. The board will remain on the Dublin campus for a retreat on Aug. 22.

The meeting will be the first official meeting for new Executive Vice President and Provost Dr. Chaden Djalali. Key agenda items, efforts and initiatives that OHIO’s Board and senior leadership are scheduled to discuss include:

Capital Projects
When:
Resources, Facilities and Affordability Committee, Aug. 21

The Board will consider several capital project budget expenditures.

New projects:

  • Konneker Research (Ridges Building 25) HVAC and boiler system upgrade: $5 million; construction is expected to begin in FY20 pending Board approval.
  • Smith, Atkinson, Armbruster, and Weld demolition: $3 million. Demolition on Smith and Atkinson is expected to begin late in FY19, with Armbruster and Weld to be scheduled as needed, pending Board approval.
  • Campus steam system repair: $1.5 million; construction is expected to begin late in FY19 pending Board approval.
  • Ridges Circle roadway repair: $702,000; construction is expected to begin late in FY19 pending Board approval.
  • Convocation Center concrete repair: $600,000; construction is expected to begin late in FY19 pending Board approval.
  • Lancaster Campus Brasee Hall roof replacement: $575,000; construction is expected to begin late in FY19 pending Board approval.


Previously approved projects:

  • Chilled water plant 3-plant and utility distribution. The Board previously approved $3.6 million for the design phase. The Board will consider an approval of $27.2 million for the construction phase. Construction would begin late in FY19, pending Board approval.


Investment policy
When:
Resources, Facilities and Affordability Committee, Aug. 21

Vice President for Finance and Administration Deborah Shaffer, Assistant Vice President of Foundation Finance and Administration Candice Casto, and Director of Investments David Gaume will present a revised investment policy for the Ohio University Foundation, and the Board will consider a resolution adopting those revisions.

The Foundation’s General Endowment Fund Investment Policy is used to guide the investments of the long-term portfolio. An Investment Committee oversees that, as well as the University’s Century Bond and Deferred Maintenance Program’s long-term investments, which are guided by the Century Bond and Deferred Maintenance Program Investment Policy.

Updates to both policies were reviewed and approved by the Board at its June 2018 meeting. Further updates will be presented for approval during the August meeting.

Enrollment update forecast
When:
Academics and Student Success, Aug. 21

Executive Vice President and Provost Chaden Djalali and Senior Vice Provost for Strategic Enrollment Management Craig Cornell will present an enrollment update, including revenue forecasts and projected impact on the FY19 budget based on projected Fall 2018 enrollments.

The presentation will also include discussion on the establishment of a Strategic Enrollment Executive Committee, which will focus on strategic alignments of enrollment and long-term budget forecasting. The committee will determine a process for establishing multi-year enrollment projections and budget implications to bridge the gap of long-term enrollment targets against annual enrollment realities.

Affordability and efficiency update
When:
Resources, Facilities and Affordability Committee, Aug. 21

Vice President for Finance and Administration Deborah Shaffer will present an update on the University’s affordability and efficiency efforts. The information will ultimately be presented to the Ohio Department of Higher Education. Core components of the report include:

  • Five-year goal for efficiency savings and resource generation
  • Initiatives and results across each component
  • Investments supporting academic quality and student success
  • Reductions of direct student costs
  • Updated cost diagnostic dashboard


The full agenda for the August Board of Trustees meeting can be found on the Trustees’ website.