Minutes of a Meeting of the
Finance and Administration Committee
of the Board of Trustees
of the State University of New York
held on March 22, 2011



	Pursuant to notice of meeting duly given on February 22, 2011, the Finance and Administration Committee of the Board of Trustees of the State University of New York met in Room 103, University Union, Binghamton University,  Vestal, New York, at 8:30 a.m. on March 22, 2011.

Trustees present:	Trustees Belluck, Ehrenberg, Gondar, Hayden (ex officio), Lichtman, O’Brien (non-member), Sanford and Staller.

Trustees not present:          Trustees McCall and Murad.

Also present:                      Ms. Bernstein, Ms. Ellermann, Ms. Gambrill, Ms. Good (FCCC), Ms. LoTurco,  Ms. Lloyd (Alfred University, by phone), Ms. Mangum (Cornell University, by phone), Ms. Preston, Ms. Rimai and Dr. Zimpher; and Mssrs. Belsky, Haelen, Howard, Hutzley (SUBOA), Morgan, and O’Connor. 

   Chair Hayden convened the meeting at 8:30 a.m. 

   Upon motion duly made and seconded, and by unanimous vote, the minutes of the meeting of the Finance and Administration Committee held January 11, 2011 were approved.
   
   The next item of business was a tuition consultation with Cornell University.  Education Law §§5711(5), 5712(5), 5714(6) and 5715(6)(b) provide that Cornell University shall determine the tuition at each of the four statutory colleges at Cornell after consultation with the State University trustees.  A letter dated March 17, 2011 from Cornell University’s Elmira Mangum, Vice President for Planning and Budget, to Ms. Rimai, which summarizes the proposed 2011-2012 tuition levels, was before the members of the Committee.  Discussion ensued.

   The next item of business was a tuition consultation with Alfred University.  Education Law §6102 provides that Alfred University shall determine the tuition at the New York State College of Ceramics at Alfred University after consultation with the State University trustees.  A letter dated March 14, 2011 from Alfred University’s Ms. Lloyd, Vice President, Business and Finance, to Ms. Rimai, which summarizes the proposed 2011-2012 tuition levels, was before the members of the Committee.   Discussion ensued.
   
   Ms. Rimai discussed a draft reserve policy.  Copies of the draft policy and a related written presentation were before the Committee.  Discussion ensued.  No action was taken.
   
   The Committee then took up a resolution entitled “Pursuit of a Five-Year Tuition Plan.”  Ms. Rimai reviewed a PowerPoint presentation entitled “Tuition Proposals.”   A related resolution adopted by the Student Assembly was before the Committee.  Extended discussion ensued, and amendments to the resolution were offered.  Upon motion duly made and seconded, and by unanimous vote, the amended resolution was adopted.

   After discussion, upon motions duly made and seconded, and by unanimous votes, the following resolutions were approved:
   
* Amendments to Part 311 of 8 NYCRR (Freedom of Information Law) 

* Amendments to Student Assembly Articles of Organization (8 NYCRR Sections 341.4 and 341.18)  

     At this point, Trustee Gondar left the meeting.

   After discussion, upon motions duly made and seconded, and by unanimous votes, the following resolutions were approved:
   
* Amendments to Campus-Related Auxiliary Services Corporations Guidelines 

* Amendments to 8 NYCRR Part 328 (University Officers)
   
* Litigation Delegation

* Residence Halls Program Bonds 

* State Personal Income Tax Revenue Bonds 

* Tax-exempt Leasing Program -- University Hospital Medical Center at Syracuse 

* Acquisition of Property -- State University of New York College at Oneonta 

* Acquisition of Property -- State University of New York College at Oneonta 

* Acquisition of Property -- State University of New York College at Oneonta 

* Conveyance of Permanent Easement -- College of Environmental Science and Forestry 

* Facility Use Income--Hudson Valley Community College 

   
   There being no further business, upon motion duly made, seconded, and passed unanimously, the meeting was adjourned at 10:15 a.m.
      
      
      
      
      
Y:\My Documents\fincom\March 22, 2011.doc



3