Minutes of a Meeting of the
Finance and Administration Committee
of the Board of Trustees
of the State University of New York
held on May 9, 2012


	Pursuant to notice of meeting duly given on April 20, 2012, the Finance and Administration Committee of the Board of Trustees of the State University of New York met in Room N-102, State University Plaza, Albany, New York, at 3:30 p.m. on May 9, 2012.

Trustees present:	Trustees Beachner, Belluck, Ehrenberg, Good (non-member), Lichtman, McCall (member, ex officio), Murad, O’Brien (non-member), Spielvogel (non-member) and Staller (chair).

Trustees not present:         	Trustee Sanford.

Also present:                     	Ms. Bee-Donohoe, Duncan-Poitier, Gilman, Goblet (Cobleskill), Nolan (SUBOA), Regelski (Cobleskill Alumni Association) and Chancellor Zimpher; and Mssrs. Ackerknect (Cobleskill), Ferrari, Haelen, Howard, Hutzley, Lavallee, Morgan, Rose (Cobleskill), Shaut (SUBOA) and Somide.

   Chair Staller convened the meeting at 4:20 p.m. 
   
   By motion duly made, seconded and unanimously adopted, the minutes of the Finance and Administration Committee meeting held on March 27, 2012 were approved.

   Chair Staller discussed issues that the Committee will take up in future sessions, including tuition rates at State-operated campuses, allocation of State support, and University-wide programs.
   
   Mr. Hutzley discussed the following, using handouts entitled “Board of Trustees – Finance and Administration Update,” “Draft Memo to Community College Presidents, 2012-13 Tuition Plans,” and “System Administration 2011-12 Budget Status Report, Board of Trustees, As of May 4, 2012”:
* Community college operating budgets, tuition and charge-backs
* Resource allocation, including University-wide programs
* Tuition and fees at State-operated campuses
* Board of Trustees budget
* Annual report of the Vice Chancellor and Chief Financial Officer. 

   Mr. Haelen updated the Committee on proposed legislation to revise the bond financing program for residential halls.

    Upon motions duly made and seconded, and by unanimous votes except as indicated, the following resolutions were approved:
   
* Ground Lease – State University College of Agriculture and Technology at Cobleskill (Trustee Belluck abstained).
      
* Residence Halls Program Bonds
      
   There being no further business, upon motion duly made, seconded, and passed unanimously, the meeting was adjourned at 5:37 p.m.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   





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