Minutes of the Campus Faculty Meeting
April 19, 2005, 3:30 p.m.
Reynold's Auditorium

 

Deborah Thomas, Chair
Linda Jones, Secretary
Minutes Status: Aproved

I. Call to Order:

Deborah Thomas, Chair, called the meeting to order at 3:33.

II. Approval of the Agenda

Without objection, the agenda was approved.

III. Minutes of the Fall 2004 Meeting

http://www.uark.edu/depts/campfac/Minutes/2004fallcampfacminutes.html

Without objection, the minutes of the Fall 2004 meeting were approved.

IV. Reports

A. Chancellor John White - The Chancellor spoke on the following:

1. Campaign for the 21st century

Our endowment has increased from 119 million to 650 million. Our goal have been increased to 1 billion; only 23 schools nationwide are currently at this level. We now need to raise 96 million in 2.5 months.

Principal Impact

Endowments for chairs, profs, scholarships, fellowships, library, student travel and research, new buildings, hardware and software. Greatest benefit, the breadth of participation and impact. Our university has grown from 33 to 132 endowed chairs and professorships and we now have 1,653 new scholarships and fellowships. To date, 281,000+ gifts have been received and this entails 70,000 donors, 40,000 of these are first time donors contributing 20%.

Distribution of funds (some numbers)

33% goes to students (direct support)
21% goes to faculty
24% capital
4% library

2. FY06 budget outlook

Received 4.58 million from the state for FY06. ADHE funding formula has been adopted and determines how funds will be allocated to higher ed. Unfortunately we still have a long way to go to get the funds we really need.

BUDGET PRIORITY

3. Challenges

B. Grade Task Force Chair, Sean Mulvenon.

Professor Mulvenon reported on the work of the Grade Task Force. The Task Force is still examining the data and will have more information to share in Fall 2005. For information provided in his report to the Faculty, see the handout attached below.

Grade Task Force Report

V. Old Business

None

VI. New Business

None

VII. Adjourn

The meeting was adjourned at 5:13 p.m.