M I N U T E S



The Board of Visitors of Old Dominion University met in regular session on Thursday, August 25, 1988, at 2:30 P.M. in Webb University Center. Present were:

Richard F. Barry III, Rector
James K. Hall
J. William Howell
Ann H. Kilgore
Beverley R. Lawler
Arnold H. Leon
Arnold B. McKinnon
Jackson K. Parker
J. Michael Pitchford
Gammiel Poindexter
H. B. Price III
Robert M. Stanton
Joyce Strelitz
Eugene Walters
Robert E. Washington
Brenda T. Williams


Absent was:
George Dragas, Jr.

Also present at the invitation of the Board were:
Joseph M. Marchello, President
Nina W. Brown
Dana D. Burnett
Stephen P. Daniel
Robert L. Fodrey, Sr.
George Hanna
Warren Harrison
Dave Harrison
Myron S. Henry
E. Wayne Higgins
Paul E. Holcomb
Ronald A. Howell
James Jarrett
Ruth C. Jones
Kay A. Kemper
Donna W. Meeks
James W. Schuppenhauer
Richard A. Staneski
Doug Tudor
Peter F. Wehmann


APPROVAL OF MINUTES

Rector Barry called the meeting to order and asked for approval of the minutes of the Annual Meeting held on June 16, 1988. Upon a motion duly made and seconded, the minutes were approved as distributed.


RECTOR’S REPORT

The Rector commented that he had no report at this time, but planned to lead a discussion on board reorganization at the end of the meeting.


PRESIDENT’S REPORT

Good News Items - Rector Barry called on President Marchello to give his report. President Marchello reported that the Virginia Beach Graduate Center is scheduled to open September 6, 1988; a grand opening will be held in late October to which the Board will be invited.

Old Dominion’s first yearbook in eleven years will be ready for distribution in September. The theme of the 264-page yearbook, The Laureate, will be “Something Old, Something New.”

The Center for Reading and Literacy will open its literacy laboratory for adults, located in the Education Building, in September 1988. Students in the program will learn to read by using the new interactive IBM computer programs. Approximately $300,000 has been raised by the Norfolk and Virginia Beach Junior Leagues to fund the program at Old Dominion for the next three years.

Report on the Quality of Faculty Professional Life - President Marchello called the Board’s attention to the Report on the Quality of Faculty Professional Life which was sent prior to the meeting. The report lists 22 recommendations to improve faculty morale. The President reviewed several of those recommendations and the actions he plans to take in response to those recommendations.

Strategic Planning - President Marchello commented that the strategic planning process will begin this fall and conclude in early 1990 with a report entitled: “ODU 2000: A Guide to the 1990's.” The President asked Richard Staneski, who chaired the committee that prepared the pre-planning document sent prior to the meeting, to summarize the two-year, university-wide planning effort.

Mr. Staneski commented that the University will attempt, through this planning process, to establish parameters for future development. This will be accomplished by conducting detailed analyses of both the internal and external environments and by establishing “milestones” to chart the University’s progress toward achieving the objectives set out in the planning process. The process will involve planning at three levels: unit level (departmental) planning, organizational level (college and vice presidential) planning, and institutional level planning, which will culminate in the “ODU 2000" document.

Mr. Staneski commented that the process will incorporate broad community involvement. Representatives of the faculty, administration, classified staff, students, alumni, board members and donors will be included in the process at all levels. The existing governance structure of the institution will be utilized to draw these members into the process.

Mr. Staneski reviewed the committee structure which consists of a subcommittee for each vice presidential area and a steering committee, chaired by the president, to coordinate the overall planning efforts.

Mr. Staneski summarized the timetable as follows: kickoff, September 1; completed unit plans, January, 1989; completed college plans, March, 1989; completed vice presidential plans, July, 1989; completed institutional plan, October, 1989; solicitation of broad community input to the plan, October, 1989 through April, 1990; and Board approval of the final plan, June, 1990.

President Marchello indicated that he has asked the Rector for the names of six board members to serve on the planning committees. The Rector suggested that board committee chairmen serve on the appropriate committees or appoint a member of their committee to serve. President Marchello suggested that the Board hold a retreat in July, 1989, to review the planning process as a group.

Rector Barry commented that the Academic Affairs Committee is currently reviewing a revised Mission Statement which should ultimately guide this planning process. He asked that the Academic Affairs Committee make this a high priority on their agenda for the year.

The Rector also commented that demographics and resulting enrollment trends will affect planning assumptions for the University. A recently published forecast predicts that Virginia will have a 37 percent increase in high school graduates by the year 2000. This growth has very serious implications for this University, thus the planning process is very timely.


REPORTS OF STANDING COMMITTEES

ACADEMIC AFFAIRS COMMITTEE

PERSONNEL APPOINTMENTS

RESOLVED, that upon the recommendation of the Academic Affairs Committee, the Board of Visitors approves the following personnel appointments:

Name and Rank - Salary - Effective Date - Term

Dr. Betty Alexy - $40,000 - 8/1/88 - 10 mos.
Associate Professor of Nursing

Dr. Alexy received a B.A. in Biology in 1972 from Temple University, an M.S.N. in Nursing in 1976 and a D.N.Sc. In Nursing in 1983 from the University of Pennsylvania. From September 1980 to June 1987, Dr. Alexy was employed as an associate professor at Thomas Jefferson University. Since September 1987 she has been employed as an associate professor at Rutgers University in the Department of Nursing. Dr. Alexy is a member of the American Nurses’ Association, Sigma Theta Tau, and the American Public Health Association.


Ms. JoAnn Myers Baldwin - $23,000 - 8/1/88 - 10 mos.
Instructor of Nursing

Ms. Baldwin received a B.S.N. in Nursing in 1975 from the University of Connecticut and an M.S. in Nursing in 1987 from Old Dominion University. From May 1983 to January 1985 and January 1987 to March 1987 she was employed as a registered nurse at Leigh Memorial Hospital and from September 1987 to March 1988 she was employed as clinical instructor at Tidewater Community College. Since January 1988 she has been employed as a clinical instructor at Old Dominion University. Ms. Baldwin has presented papers to various groups. She is a member of Sigma Theat Tau, Epsilon Chi Chapter.


Ms. Linda L. Bolton - $21,500 - 8/1/88 - 10 mos.
Instructor of English

Ms. Bolton received a B.A. in Theatre Arts in 1977 from Smith College and an M.A. in American and English Literature in 1983 from Brandeis University. Since 1982 Ms. Bolton has been employed as an Associate Professor of English and Literature at Saint Leo College, Tidewater Center, LAFB. For the 1986-87 academic year she was also employed as an adjunct instructor in the English Department at Old Dominion University. She is the author of “The Distant Drummer,” a dramatization in Reader’s Theatre of the historical and literary concerns of Afro-American writers in the sixty years prior to the Civil War, performed throughout the Tidewater School System, 1984. Ms. Bolton has had selected poems published in Elan magazine, OAO Communications, and Drum magazine, University of Massachusetts-Amherst.


Dr. Leon F. Bouvier - $29,000 - 8/1/88 - 10 mos.
Visiting Professor of Sociology and Criminal Justice

Dr. Bouvier received a B.S. in Sociology/History in 1961 from Spring Hill College, an M.A. in Sociology in 1963 and a Ph.D. in Sociology in 1971 from Brown University. Since 1986 Dr. Bouvier has been employed as a private consultant. He was also employed as a visiting professor at Tulane University and the University of Hawaii. Prior to his appointment as a full-time faculty member at Old Dominion University, he served as an adjunct professor in the Department of Sociology and Criminal Justice during the 1987-88 academic year at Old Dominion University. Dr. Bouvier has numerous publications to his credit and has given reports and presentations at meetings and conferences. He is a member of the Population Association of America, Southern Demographic Association, and the International Sociological Association.


Mr. Richard E. Clark - $23,800 - 8/1/88 - 10 mos.
Instructor of Management Information Systems/Decision Sciences

Mr. Clark received a B.S. in Mechanical Engineering in 1981 from the University of Virginia and an M.B.A. in 1987 from Old Dominion University. From September 1987 to March 1988 he was employed as a micro computer instructor at B&R Computer Learning Center. Since January 1988 he has been employed as an adjunct faculty member at Virginia Wesleyan College in the Business Department.


Mr. James A. English - $32,400 - 8/1/88 - 10 mos.
Assistant Professor of Community Health Professions and Physical Therapy
and Designated as Director of the Environmental Health Program

Mr. English received a B.S. in Biology in 1969 from Lebanon Valley College and an M.S. in Environmental Health in 1982 from Old Dominion University. From 1984 he was employed as deputy director of the Norfolk Department of Public Health and also with Old Dominion University as a guest lecturer. Since 1984 he has been employed as an instructor at Johnson and Wales College. He is a member of the Tidewater Association of Sanitarians, Virginia Environmental Health Association, National Environmental Health Association, and Virginia Public Health Association.


Dr. Anita Clair Fellman - $37,000 - 8/1/88 - 10 mos.
Associate Professor of History and Designated as the Director of Women’s Studies

Dr. Fellman received a B.A. in History in 19864 from Oberlin College, an M.A. in American History in 1965 from the University of Michigan, and a Ph.D. in American History in 1969 from Northwestern University. Since 1985 she has been employed as an adjunct professor in Women’s Studies at Simon Fraser University. She has published “Making Sense of Self: Medical Advice Literature in Late Nineteenth-Century American” in 1981 and “Rethinking Canada: The Promise of Women’s History” in 1986, which was the winner of the 1987 Laura Jamieson Prize awarded by Canadian Research Institute of the Advancement of Women. Dr. Fellman has also had articles published and has given numerous reports and presentations at meetings and conferences. She is a member of the American Historical Association, Organization of American Historians, and Canadian Women’s Studies Association.


Dr. L. Yvonne Gonzalez - $32,000 - 8/1/88 - 10 mos.
Assistant Professor of Educational Leadership and Services

Dr. Gonzalez received a B.A. in Political Science and History in 1975 from St. Mary’s University, an M.S. in Secondary Education in 1978 from Stephen F. Austin State, and an Ed.D. in Educational Administration in 1987 from Texas A&M University. Since 1987 she has been employed at Texas A&M University as an Assistant Professor of Educational Administration and Director, Principals’ Center. Dr. Gonzalez has numerous publications to her credit. She is a member of the National Association of Second School Principals, Phi Delta Kappa, Phi Kappa Phi, Texas Association of Second School Principals, and Organization for Leadership in Education.


Dr. Oscar R. Gonzalez - $42,000 - 8/1/88 - 10 mos.
Assistant Professor of Electrical and Computing Engineering

Dr. Gonzalez received a B.S. in Electrical Engineering in 1982 from the University of Idaho, an M.S. and Ph.D. in Electrical Engineering in 1984 and 1987 respectively from the University of Notre Dame. Since August 1987, he has been employed as a visiting assistant professor in the Department of Electrical and Computer Engineering at the University of Notre Dame. Dr. Gonzalez has numerous publications to his credit. He is a member of the Institute of Electrical and Electronic Engineers.


Ms. Bonnie M. Ha - $25,000 - 8/1/88 - 10 mos.
Assistant Professor of Nursing

Ms. Ha received a B.S.N. in Nursing in 19865 from the University of Oregon and an M.S. in Nursing in 19873 from the University of California at Los Angeles. From September 1984 to June 1986 she was employed as a substitute nurse/teacher with the Department of Defense schools in Okinawa and from March 1987 to May 1987 as a clinical instructor at Salve Regina College. Since January 1988 Ms. Ha has been employed as an adjunct instructor in the Department of Nursing at Old Dominion University. Ms. Ha is a member of Sigma Theta Tau National Honor Society, Alpha Gamma Chapter.


Mr. David W. Hunter $28,5000 8/1/88 10 mos.
Instructor of Health, Physical Education and Recreation

Mr. Hunter received a B.A. in History/Physical Education in 1979 from Hirman College and an M.A. in History/Philosophy in 1981 from The Ohio State University. Since 1987 he has been employed as an assistant professor at Hampton University. Mr. Hunter is a member of the American College of Sports Medicine, National Strength and Conditioning Association, and the American Alliance for Health, Physical Education, Recreation, and Dance.


Dr. Garrett J. McAuliffe $30,000 8/1/88 10 mos.
Assistant Professor of Educational Leadership and Services

Dr. McAuliffe received a B.A. in English in 1971 from Queens College of the City University of New York, an M.S. in Student Personnel Services in 1976 from the University of New York, and Ph.D. in Education/Counseling in 1985 from the University of Massachusetts. Since 1980 Dr. McAuliffe has been employed as a director of counseling in human development at Greenfield Community College. He has several publications to his credit.


Ms. Pamela D. Morgan $35,500 7/1/88 12 mos.
Head, Collection Management Department, and Librarian II

Ms. Morgan received a B.A. in History and English in 1969 from North Carolina State University and an M.S.L.S. in Library Science in 1972 from the University of North Carolina-Chapel Hill. From 1982 to 1985 she was employed as a special projects librarian at the University of North Carolina. Since September 1987, Ms. Morgan has been employed as a serials librarian at Old Dominion University. She is a member of the American Library Association.


Dr. Hamid Rahman $47,500 8/1/88 10 mos.
Assistant Professor of Finance

Dr. Rahman received an MSC... In 1967 from Punjab University (Pakistan), a Diploma in Development Economics in 1975 from St. Peters College (Oxford, U.K.), an M.B.A. in Finance and Accounting in 1976 from Cranfield Institute of Technology (Cranfield, U.K.), and an Ph.D. in Finance in 1988 from Syracuse University. From 1984 to 1987 he was employed at Syracuse University as a teaching assistant and as a teaching associate. Since 1987 Dr. Rahman has been employed as an assistant professor of finance at Louisiana State University. He has published articles in The Journal of National Institute of Public Administration, and The Journal of the Pakistan Administrative Staff College and has given several publications.


Ms. Lauren J Salamone $23,500 8/1/88 10 mos.
Instructor of Nursing

Ms. Salamone received an A.A.S. in Nursing in 1973 from Alfred State College, a B.S.N. in Nursing in 1984 from Armstrong State College, and an M.S.N. in Nursing in 1988 from Old Dominion University. From October 1985 to June 1986 she was employed as an instructor at the College of the Albemarle. Since August 1986 Ms. Salamone has been employed as a graduate assistant in the School of Nursing at Old Dominion University. Ms. Salamone is a member of the American Nurses Association, Virginia Nurses Association, and the Old Dominion University Graduate Nursing Student Association.


Ms. Maureen D. Stiner $22,000 8/1/88 10 mos.
Instructor of Finance

Ms. Stiner received a B.A. in Economics in 1979 from Miami University and an M.B.A. in Finance in 1981 from the University of Pittsburgh Graduate School of Business. Since September 1987 she has been employed as an adjunct instructor at Golden Gate University teaching graduate courses in investments and security analysis as well as a financial consultant with Merrill Lynch.

APPOINTMENT OF GENERAL COUNSEL
AND SPECIAL ASSISTANT ATTORNEY GENERAL
RESOLVED, that upon the recommendation of the Academic Affairs Committee, the Board of Visitors approves the appointment of Mr. Patrick B. Kelly as General Counsel and Special Assistant Attorney General, with the rank of assistant professor, effective October 1, 1988.

Mr. Kelly received his bachelor’s degree from Michigan State University in 1964 and his Juris Doctor degree in 1967 from Wayne State University. Since 1983 he has been an associate legal advisor at Virginia Commonwealth University as well as an adjunct faculty member in the Department of Urban Studies and Planning at VCU. From September 1982 to February 1983, he was a trust officer at Central Fidelity Bank in Richmond, Virginia. Mr. Kelly was in private practice from September 1971 to August 1982, and was a prosecuting attorney for Clinton County, Michigan, from January 1969 to September 1971.

Mr. Kelly has been admitted to practice before the United States District Court for the Western District of Michigan, the Eastern District of Virginia, and the United States Court of Appeals for the Fourth District. He is a member of the State Bar of Michigan, the State Bar of Virginia, the Richmond Bar Association, and the National Association of College and University Attorneys.

Salary: $52,500 based on $70,000 for twelve months.

APPOINTMENT OF DIRECTOR OF STUDENT SERVICES
(Darden College of Education)

RESOLVED, that upon the recommendation of the Academic Affairs Committee, the Board of Visitors approves the appointment of Dr. Fred Dennis Kreamelmeyer as Director of Student Services (Darden College of Education), with the rank of assistant professor, effective July 1, 1988.

Dr. Kreamelmeyer received a Bachelor of Science degree in Elementary Education from Ball State University in 1976, a Master’s in Counseling and Elementary Education from Arizona State in 1979, and a Ph.D. in Elementary Education and Counseling from Ball State University in 1985. Since 1985 he has been employed as an assistant professor at Eastern Illinois University. Dr. Kreamelmeyer has experience in teaching, academic advising, and coordination of student teaching.

Salary: $35,500 for 12 months.

RESOLUTION AUTHORIZING SPECIAL SALARY SUPPLEMENTS
FOR EMINENT PROFESSORS

WHEREAS, Old Dominion University has received endowment fund gifts, the income of which is to be used to attract and retain outstanding faculty members; and

WHEREAS, the General Assembly of the Commonwealth of Virginia at its 1988 session voted to match endowment fund income at state universities for salary supplements for eminent professors for the fiscal year 1988-89; and

WHEREAS, in accordance with the Guidelines approved by the Board of Visitors on December 6, 1966, and with the approval of the Vice President for Academic Affairs and the President, the following eligible faculty members have been selected to receive a salary supplement as indicated below for the year 1988-89:

College of Arts and Letters
Professor Dwight W. Allen $ 4,450
Professor J. L. Bugg (Constance and Colgate Darden Professor of History
and Education) 2,505
Professor Lewis S. Ford (Philosophy) 2,500
Professor R. Baine Harris (Philosophy) 3,400
Professor A. J. Mapp (English) 12,100
Professor H. K. Meier (Louis I. Jaffe Professorship) $ 21,700
TOTAL $ 46,655

College of Business and Public Administration
Professor Leonard I. Ruchelman (Urban Studies and Public Administration) $ 14,000
Professor Wayne K. Talley (Economics) 10,000
TOTAL $ 24,000

College of Education
Professor F. W. Culpepper (Vocational and Technical Education) $ 2,000
Professor Franklin R. Jones (Educational Leadership and Services) 9,200
Professor Melvin H. Williams (Health, Physical Education and Recreation) 11,100
Professor Betty J. Yarborough (Educational Curriculum and Instruction) 9,300
TOTAL 31,600

College of Engineering and Technology
Professor R. L. Ash (Mechanical Engineering and Mechanics) $ 26,100
Professor R. Prabhakaran (Mechanical Engineering and Mechanics) 10,200
Professor Karl H. Schoenbach (Electrical and Computer Engineering) 17,200
Professor W. D. Stanley (Electrical Engineering Technology) 12,600
Professor Surendra N. Tiwari (Mechanical Engineering and Mechanics) 18,300
TOTAL $ 84,400

College of Health Sciences
Professor Michele L. Darby (Dental Hygiene and Dental Assisting) $ 8,000
TOTAL $ 8,000

College of Sciences
Professor R. C. Dahiya (Mathematics and Statistics) $ 17,800
Professor Albert S. Glickman (Psychology) 6,298
Professor Wynford S. Harries (Psychology) 11,200
Professor Govind Khandelwal (Physics) 12,700
Professor William D. Lakin (Mathematics and Statistics) 17,000
Professor Kurt Maly (Computer Science) 28,540
Professor H. G. Marshall (Biological Sciences) 4,000
Professor Daniel E. Sonenshine (Biological Sciences) 6,236
Professor John Tweed (Mathematics and Statistics) 21,900
TOTAL 125,674

GRAND TOTAL $320,K329

THEREFORE, BE IT RESOLVED, that one-half of the total amount required for these supplements ($160,164.50) be appropriated from the General Endowment Fund and the same amount allotted from State appropriations authorized by the General Assembly for this purpose.

RESOLUTION AUTHORIZING SPECIAL SALARY SUPPLEMENTS
FOR EMINENT PROFESSORS (SLOVER FUND)

WHEREAS, Old Dominion University has received endowment funds from the Estate of Samuel L. and Fay M. Slover to be used (i) to endow three chairs in the field of oceanography in any of the departments or colleges of Old Dominion University, Norfolk, Virginia (i.e., to provide supplements of not less than four thousand dollars [$4,000] each per annum to the regular salaries which will be payable in accordance with the applicable scale of Old Dominion University, to the professors or associate professors who occupy such chairs), and (ii) for any other purpose or purposes connected with teaching or research in the field of oceanography; and

WHEREAS, the President of Old Dominion University has recommended the following faculty members to occupy endowed chairs or eminent professorships in the field of oceanography and to receive supplements from the Slover Fund:
College of Sciences
Department of Oceanography

Professor
Supplement from
Slover Fund
Supplement from
State Matching
G. G. Csanady (Eminent Professor)
$ 36,600
$ 36,600
William M. Dunstan (Oceanography Chair)
$ 42,515
$ 42,515
A. D. Kirwan (Eminent Professor)
$ 33,950
$ 33,950
TOTAL
$113,065
$113,065
THEREFORE, BE IT RESOLVED, that the Board of Visitors requests that the Educational Foundation allocate $113,065 from the earnings in the Slover Fund for this purpose for 1988-89 salary supplements.

BE IT FURTHER RESOLVED, that the Board of Visitors requests that the additional earnings of the Slover Fund in the amount of $299,158 be allotted to the Oceanography Department for any other purpose or purposes connected with teaching or research in the field of oceanography.

RESOLUTION AUTHORIZING SPECIAL SALARY SUPPLEMENTS
FOR EMINENT PROFESSORS (OCEANOGRAPHY CHALLENGE FUND)

WHEREAS, Old Dominion University has received endowment funds from the Oceanography Challenge Fund for endowment of Oceanography faculty salaries; and

WHEREAS, the President of Old Dominion University has recommended the following faculty members as “Eminent Scholars” to receive endowments from the Oceanography Challenge Fund.

Professor
Supplement from
Oceanography Challenge
Fund
Supplement from
State Matching
C. E. Grosch
$12,704
$12,704
A. J. Provenzano
6,000
6,000
D. J. P. Swift
11,014
11,014
TOTAL
$29,718
$29,718

THEREFORE, BE IT RESOLVED, that the Board of Visitors requests that the Old Dominion University Educational Foundation allocate $29,l718 from the earnings from the investment of endowment funds in the Oceanography Challenge for payment of a portion of the salaries of the faculty members indicated for 1988-89 salary supplements.

RESOLUTION AUTHORIZING SPECIAL SALARY SUPPLEMENTS
FOR EMINENT PROFESSORS (OSCAR F. SMITH FOUNDATION)

WHEREAS, the Oscar F. Smith Foundation has contributed to Old Dominion University $100,000, of which the income is to be used as a supplement to endow a chair in the Department of Oceanography; and

WHEREAS, the President of Old Dominion University recommends that the following faculty members be selected to receive the sum of $33,428 as part of their salaries for the year 1988-89:

Professor
Supplement from
Oscar Smith Fund
Supplement from
State Matching
D. J. P. Swift
$ 2,021
$ 2,021
L. P. Atkinson
14,693
14,693
TOTAL
$16,714
$16,714

THEREFORE, BE IT RESOLVED, that one-half of the total amount required for this supplement ($16,714) be appropriated from the Oscar F. Smith Foundation Endowment Fund and the same amount ($16,714) be allocated from State appropriations authorized by the General Assembly for this purpose.
RESOLUTION AUTHORIZING SPECIAL SALARY SUPPLEMENTS FOR
EMINENT PROFESSORS (CONSTANCE AND COLGATE DARDEN PROFESSORSHIP)

WHEREAS, the Honorable Colgate Darden has generously donated to the University funds for the establishing of professorships in Education and in History and Education; and

WHEREAS, at its meeting of June 10, 1976, the Board of Visitors designated Dr. James L. Bugg, Jr., as the Constance and Colgate Darden Professor of History and Education.

THEREFORE, BE IT RESOLVED, that the Board of Visitors requests the Educational Foundation to appropriate from earnings on the endowment the sum of $7,246 for partial support of the salary of Dr. James L. Bugg, Jr., and that the same amount, $7,246, be allocated from the State appropriations authorized by the General Assembly for this purpose for 1988-89.



BUILDINGS AND GROUNDS COMMITTEE


STUDENT AFFAIRS COMMITTEE


ADVANCEMENT COMMITTEE
RESOLUTION TO RENAME THE ADVANCEMENT COMMITTEE
TO THE DEVELOPMENT COMMITTEE

RESOLVED, that upon the recommendation of the Advancement Committee, the Board of Visitors approves the name change of the Advancement Committee to the Development Committee.

Rationale: The name “Development Committee” more accurately reflects the Committee’s responsibilities.

RESOLUTION APPROVING A REVISION TO THE BOARD OF VISITORS
RULE AND REGULATION ENTITLED, “CASH MANAGEMENT OBJECTIVE
AND POLICIES FOR INSTITUTIONAL FUNDS

RESOLVED, that upon the recommendation of the Finance and Audit Committee, the Board of Visitors approves the following revision to the Board of Visitors Rule and Regulation #1636 entitled, “Cash Management Objective and Policies for Institutional Funds,” approved by the Board of Visitors on August 19, 1977.
Cash Management Objective and Policies for Institutional Funds

Objective

Provide a source of income through the investment of excess working capital.


General Policies

(1) abAll excess cash of the university shall be pooled for the purpose of investment.

(2) abAll income accruing from the investment of pooled cash shall accrue to unrestricted current funds.

(3) abCash shall be continuously invested until needed.


Policies Regarding Investments

(1) abThe investments shall be limited to the following types of money market instruments:

A. abCertificate of deposit of savings and loan institutions and domestic banks;
B. abCommercial paper of domestic corporations in the top two qualify ratings of recognized credit services;
C. abGovernment and agency issues backed by the full faith and credit of the U.S. Government;
D. abMoney market trusts consisting of high qualify money market securities;
E. abOther miscellaneous instruments such as repurchase agreements, master notes, bankers acceptances, and insured savings accounts.

(2) abMaturities shall be staggered, so as to meet the cash demands of the university and limited to a term of no more than one year.


NEW BUSINESS

Rector Barry asked for the Board’s authority to sign easements on behalf of the Board of Visitors. The following resolution was unanimously approved:
RESOLUTION GRANTING AUTHORITY TO THE RECTOR
TO SIGN AND EXECUTE EASEMENTS ON BEHALF OF THE BOARD

RESOLVED, that the Board of Visitors grants to the Rector the authority to sign and execute easements on behalf of the Board.


REPORTS OF INVITED REPRESENTATIVES

STUDENT SENATE


FACULTY SENATE


ALUMNI ASSOCIATION
OLD DOMINION UNIVERSITY ALUMNI ASSOCIATION
FOOTBALL PROGRAM RECOMMENDATION


At its meeting on August 16, 1988, the Athletic Affairs Committee recommended that the Board of Directors reaffirm the action taken in its resolution of March 3, 1988, which supported the action that the University and the Board of Visitors had taken on establishing football at Old Dominion.

The Board of Directors has committed the alumni to promoting the program and the sale of football tickets.

It was further recommended that the Board of Directors urge the Board of Visitors to authorize the administration to implement the football program at Old Dominion.

Data available to the Board of Directors clearly indicate that a 1-AAA football program is finally feasible and would receive the support of the alumni and students and the broad support of the community.

An affirmative decision by the Board of Visitors at this time would provide the impetus to the current promotional program.

THEREFORE, upon the recommendation of the Athletic Affairs Committee, the Association informs the Board of Visitors that it reaffirms the resolution made and approved by the Board of Directors March 3, 1988, to support the football program at Old Dominion. The Board of Directors urges the Board of Visitors to authorize the administration to implement the football program at Old Dominion.


BOARD REORGANIZATION

Rector Barry thanked both the past committee chairmen for their service and the newly elected committee chairmen for their willingness to serve this year. Because the standing committees actually do the work of the Board, the Rector welcomed all Board members to attend any committee meeting if he or she has a particular interest in the subject under discussion. He also encouraged all Board members to attend the meetings of the Executive Committee which meets on those months when the full Board does not meet.

The Rector briefly reviewed the organization and responsibilities of the ad hoc governmental relations and university relations committees. He again welcomed Board members to attend the meetings of these committees.

Rector Barry commented on the proposed retreat for next summer to discuss the planning process. He asked that a date for the retreat be scheduled as soon as possible so that everyone can put it on their calendars.


EXECUTIVE SESSION

The Rector recognized Mrs. Williams who made the following motion: “Mr. Rector, I move that this meeting be recessed and that we reconvene in Executive Session for the purpose of discussing matters related to gifts as permitted by Subsection (A), Paragraph (6), of Section 2.1-344 of the Code of Virginia.”

At the conclusion of Executive Session the meeting reconvened in open session and, with no further business to be discussed, the meeting was adjourned.








Contact Info: Donna Meeks - dmeeks@odu.eduCopyright Info: Copyright(c) 1998
Old Dominion University
Last edited by: Last edited on: 03/13/2000 04:42:27 PM
2470 Visitors to this page since 03/13/2000