UMD News Releases

The University of Minnesota Board of Regents will hold its monthly meetings on Thursday, Oct. 7, and Friday, Oct.8, on the University of Minnesota Duluth campus at the Kirby Student Center, 10 University Drive, Duluth, Minnesota. Each year, the Regents hold one monthly meeting on a coordinate campus. The last time the Regents met in Duluth was November 2000.

The regents will review President Robert Bruininks' proposed biennial budget request to the state. The recommendation includes $84 million in new state support for the 2006-07 biennium. The recommendation continues to push for a 50-50 financial partnership with the state. Bruininks is proposing that the university fund, through internal reallocation, and tuition increases, the on-going needs of the university. The state will be responsible for funding of new initiatives in priority areas, including biosciences, attracting and retaining talent, and creating and sustaining essential research and technology infrastructure. The regents will review the full proposal on Friday and are expected to act on it at the November board meeting. The proposal calls for a 5.5 percent average annual increase in tuition in each of the next two years.

UMD Chancellor Kathryn A. Martin will deliver a report at 1:45 p.m. on Thursday October 7 in the Kirby Student Center ballroom.

At 9 a.m., Friday, October 8, in Kirby Student Center ballroom B, the board will recognize James P. Riehl, Dean of the UMD College of Science and Engineering. Dean Riehl is a recipient of the McKnight Presidential Leadership Chair awards, which represent a new agreement with the McKnight Foundation to use the interest earnings on a $15 million contribution to recognize and attract the most talented among deans and executive officers.

The board will act on amendments to two board policies; amendments to the regent's policy on Board Policy Development and amendments to the Legal Review of Contracts and Agreements policy.

Other items on the board agenda include: discussion of the annual asset management report and the monthly discussion of the summary report of gifts to the University of Minnesota.

Thursday, Oct. 7, 2004

9-10:30 a.m. Finance & Operations Committee, Kirby Student Center, Ballroom C. Act to approve a new regent's policy on Direct Sales of Goods and Services to supersede regent's policy on Business Enterprises at the University. Discuss current endowment spending policies and rates; regular reports on key financial indicators; and review and act on purchases and contracts.

9-10:30 a.m. Faculty, Staff & Student Affairs Committee, Kirby Student Center, Ballroom A. Review results from surveys of graduating students on the Duluth, Morris and Crookston campuses regarding student satisfaction and discuss integrated return-to-work/work retention opportunities and challenges.

10:45-11:45 a.m. Board of Regents Work Session, Kirby Student Center, Ballroom B. Discuss the principles for setting priorities and investments that will guide change at the university in the next budget cycle.

1:45-3:00 p.m. Report from UMD Chancellor Kathryn A. Martin at 1:45 p.m.

Board of Regents Work Session and Campus Tour.

Friday, Oct. 8, 2004

9-11:15 a.m. Board of Regents, Kirby Student Center, Ballroom B. President Robert Bruininks will present his proposed legislative request.

Complete Board of Regents agendas can be found at: http://www.umn.edu/regents/