At its meeting on April 15, 2005, the Commission on Collegiate Nursing Education granted accreditation of the baccalaureate and master's degree programs in nursing at WSU for a term of 10 years. Ten years is the maximum time that accreditation is granted. The next on-site evaluation will take place in 2014.

At its meeting on April 7-10, 2005, the American Psychological Association granted accreditation of the Psy.D. program in clinical psychology at WSU for a term of 7 years. Seven years is the maximum time that accreditation is granted. The next accreditation site visit is scheduled to be held in 2011.

For the 26^th consecutive year, a team of WSU students earned top awards at the National Model UN Conference in New York City.

WSU's fifth annual "Quest for Community: A Call to Action" was held May 13. Nearly 300 registrants attended the successful state-wide conference.

Dr. Mary Ellen Mazey, dean of the College of Liberal Arts will retire from Wright State University in October after more than 30 years of dedicated service in higher education. Dr. Mazey has accepted the position as dean of the Eberly College of Arts and Sciences at West Virginia University in Morgantown, her alma mater.

Dr. Bor Jang has been named dean of Engineering and Computer Science, effective July 1, 2005. He will replace Dr. Jim Brandeberry who will retire after 35 years of dedicated service. Dr. Jang is currently the Walter Booth Distinguished Professor and head of mechanical engineering at North Dakota State University.

A Community and Civic Engagement Task Force has been appointed. The task force chaired by Dr. Robert Sweeney will target and assist efforts to extend our engagement with government, business, and nonprofits to focus on emerging areas of need.

1. Policy on Faculty Equity in Start-Up Companies

Policy on the "Rules Governing Participation in Companies Commercializing University Discoveries, Inventions, and Patents by University Entrepreneurs."

Rules Governing Participation in Companies Commercializing University Discoveries, Inventions, and Patents by University Entrepreneurs*

1. Preamble

The Board of Trustees has determined that the best interests of Wright State University ("University") will be served if employees who create new technology are afforded the opportunity to hold Significant Financial Interests in companies that are engaged in commercializing their inventions. Employee participation with outside companies in technology development activities will facilitate the University's goal of making its research available for public use by giving researchers an incentive to develop inventions with commercial applications. The opportunity to participate in commercialization activities is also essential to the University's efforts to attract and retain a highly qualified faculty and staff. The procedures and guidelines set forth in this rule are intended to enable the University to realize the benefits of such entrepreneurial activities while protecting the integrity of its research and educational mission and to comply with University policies and with applicable federal and state laws.

2. Definitions

Business Overview Document: A written paper, submitted by a Candidate University Entrepreneur, which provides an overview of a planned Technology Commercialization Company, its products and/or services, and market opportunities.. The Business Overview Document should highlight the value proposition of the Company, describe the specific University Intellectual Property involved, and outline the nature and extent of the Candidate University Entrepreneur's anticipated participation, management responsibilities, and financial interests in the Technology Commercialization Company.

Candidate University Entrepreneur: A University employee or student who creates University Intellectual Property under the University's "Policy and Procedures for Intellectual Property" and who desires to hold a Significant Financial Interest in a Technology Commercialization Company. A University Entrepreneur is a Candidate University Entrepreneur who accepts the opportunity extended by the University to hold such an interest.

Comprehensive Business Plan: A written paper, invited by the Vice President for Research and submitted by a Candidate University Entrepreneur, in which the Candidate University Entrepreneur provides an extensive description and analysis

of the Technology Commercialization Company's products and/or services, the markets for these products and/or services, and the marketing, sales, product development, and research strategies. The Plan should describe the capital structure, financial plan, ownership interests and governance, and otherwise be responsive to any topics suggested by the Vice President for Research for the Plan.

Conflict of Commitment: A conflict arising when a University employee's activities outside of the University affect, or appear reasonably likely to affect, the manner or extent to which the employee carries out his or her University responsibilities.

Conflict of Interest Agreement: A written document, prepared by a Candidate University Entrepreneur, in which the Candidate University Entrepreneur identifies, explains, and outlines a comprehensive management plan for any situation where there is a divergence between an individual's private interests and his or her professional obligations to the University or its students.

Intellectual Property Committee: A committee appointed by the Provost responsible, among other duties, for reviewing Business Overview Documents, Comprehensive Business Plans, and Conflict of Interest Agreements and providing oversight of Technology Commercialization Companies pursuant to the responsibility provided to it by these Rules.

License Agreement: An agreement between the University and a Technology Commercialization Company setting forth the terms and conditions of use, make, sell, offer to sell, and manufacture of University Intellectual Property by the Technology Commercialization Company.

Significant Financial Interest: As defined in the University's Conflict of Interest Policy (see http://www.wright.edu/rsp/conflict.html).

Technology Commercialization Company: A legal entity, generally a new start-up, which desires to commercially develop University Intellectual Property.

University Intellectual Property: Discoveries, inventions, or patents that result from research or investigations conducted in any experiment station, bureau, laboratory, research facility, or other University facility, or by any University employee acting within the scope of their employment, or with funding, equipment, or infrastructure provided by or through the University, pursuant to ¤ 3345.14 of the Ohio Revised Code, as amended.

3. Applicability

These Rules apply to all Candidate University Entrepreneurs and University Entrepreneurs. These rules serve as exceptions to the Ohio Ethics Law and related statutes (R.C. Chapter 102, R.C. ¤ 2921.42, R.C. ¤ 2921.43), which might otherwise apply. The Ohio Ethics Commission retains authority to provide assistance to the university in establishing the minimum requirements and guidelines for these rules and to address any matter outside the scope of these rules.

4. Faculty and Staff Responsibilities

Faculty and academic staff members are encouraged to develop discoveries and inventions with commercial potential; however, they should do so with due regard to the broader teaching and research mission of the University. University Entrepreneurs should not allow their Significant Financial Interest in a Technology Commercialization Company to interfere with their teaching, research, or other positional responsibilities including relationships with colleagues or students. While faculty members are permitted by the relevant Outside Employment Policy in the Faculty Handbook or the "Collective Bargaining Agreement Between Wright State University and the WSU Chapter of the American Association Of University Professors" (hereinafter referred to as "CBA"), and these Rules to engage in specified private business activities relating to their institutional positions, they continue to be responsible for the performance level of all of their teaching, research and service obligations. Similarly, staff members must not allow approved entrepreneurial activities to interfere with their institutional responsibilities. University Entrepreneurs should respect and promote the cooperative nature of the academic environment.

5. Approval Procedures

The procedures below should be followed to obtain authorization to hold a Significant Financial Interest in a Technology Commercialization Company.

(i) Candidate University Entrepreneurs should have submitted an Invention Disclosure to the Technology Transfer Office. If initial review is favorable, the Candidate Entrepreneur may initiate consideration of a Technology Commercialization Company by creating a Business Overview Document and drafting a Conflict of Interest Agreement.

(ii) These documents are next submitted to the Vice President for Research who will consult with the Intellectual Property Committee and other appropriate parties such as the college dean. Upon recommendation from the Intellectual Property Committee, the Vice President for Research may either terminate consideration of a Technology Commercialization Company for the disclosed technology, return the documents to the Candidate University Entrepreneur for revision, or approve the documents with summary comments and requirements for a Comprehensive Business Plan. If approved, the Candidate is considered a University Entrepreneur and will begin to develop a Comprehensive Business Plan and further develop the Conflict of Interest Agreement. The University Entrepreneur will continue to work with the Technology Transfer Office to secure appropriate protection for the disclosed invention(s).

(iii) When complete, the Comprehensive Business Plan and updated Conflict of Interest Agreement will be submitted to the Vice President for Research for consideration by the Intellectual Property Committee. The Committee will review these documents and recommend either approval or return to the University Entrepreneur for revision. The final approval decision is by the Vice President for Research. If the documents are approved, the Intellectual Property Committee will be requested to advise on procedures for negotiating a License Agreement for the relevant technology to the Company. This advice will include recommendations on the role of the University Entrepreneur in the negotiation.

(iv) If at any time, consideration of a Technology Commercialization Company is terminated, the Candidate University Entrepreneur may appeal the decision to the Provost.

6. Supervision and Oversight

(i) Department chairs and directors are responsible for ensuring that faculty members, staff members, and interested students are familiar with and comply with these rules.

(ii) The Vice President for Research, upon recommendation of the Intellectual Property Committee, should approve the Comprehensive Business Plan and the Conflict of Interest Agreement before any licensing or other business agreements relating to a Technology Commercialization Company are finalized with the University.

(iii) The Intellectual Property Committee should review Comprehensive Business Plans, License Agreements, and Conflict of Interest Agreements relating to active Technology Commercialization Companies at least annually from the date of approval by the Vice President for Research and whenever there has been a material change in the Technology Commercialization Company's anticipated performance as described in the Comprehensive Business Plan.

(iv) College and school deans should review Conflict of Interest Agreements and any potential Conflicts of Commitment related to University Entrepreneurs in their units at least annually.

7. Reporting Business Activities

Private business activities that may relate to a University employee's externally sponsored research shall be reported in accordance with the University's Conflict of Interest policy http://www.wright.edu/rsp/conflict.html. Private business activities that may relate to a faculty member's departmental research shall be reported in writing to the Department Chair in accordance with the Faculty Handbook or the CBA, as appropriate.

8. Activities Not Related to Research

Private business activities that are not subject to these Rules because they are unrelated to the faculty member's institutional research are nevertheless subject to other University policies on paid external consulting, conflicts of interest and commitment, and intellectual property.

9. Use of Institution Facilities

University facilities, equipment and other resources may be used for research benefiting a company in which a faculty member has a Significant Financial Interest only pursuant to an appropriate contractual agreement between the Technology Commercialization Company and the University.

10. Management of Start-up Companies

University Entrepreneurs are authorized to hold managerial positions in the Technology Commercialization Company according to the Technology Commercialization Company management plan exhibited in the Comprehensive Business Plan and the Conflict of Interest Agreement. However, normally professional management should be brought in at the earliest opportunity.

11. Management Positions in Existing Companies

A faculty member who acquires a Significant Financial Interest in a previously established company that contracts with the University to commercialize his or her research should not serve as a director, officer or employee of that company, except as otherwise approved by the University on a case-by-case basis, using the review procedures that apply to University Entrepreneurs.

12. Leave to Pursue Private Business Activities

University Entrepreneurs should not allow their corporate responsibilities to create a Conflict of Commitment. In the case that a Conflict of Commitment occurs, University Entrepreneurs shall take appropriate measures to resolve the conflict such as a reduction of appointment or other approved leave mechanism. Professional Improvement Leave available under R.C. ¤ 3345.28 shall not be used for private business purposes.

13. Student Employment with Technology Commercialization Companies

Technology Commercialization Companies provides outstanding employment or internship opportunities for university students. However, if (a) the student is enrolled in a course taught by the University Entrepreneur, (b) the University Entrepreneur is a member of the student's thesis or dissertation committee, or (c) the University Entrepreneur is the student's advisor or the director of his or her thesis or dissertation research, certain precautions must be taken. Such students may only be employed by the Technology Commercialization Company pursuant to a signed agreement disclosing the students' rights and obligations and addressing the potential conflicts which might arise. Students who though not employed wish to perform research benefiting a Technology Commercialization Company may only do so pursuant to a sponsored research agreement and/or formal internship agreement through the University that addresses the potential conflicts which might arise.

14. Contracts Unrelated to Technology Development

Technology Commercialization Companies may enter into agreements with the University that are unrelated to research or technology development for the purchase, sale or rental of equipment, supplies, or services only to the extent not prohibited by Ohio Revised Code Chapter 102 and Sections 2921.42 and 2921.43.

15. Investments by Faculty Not Involved with Development of the Technology

Faculty, staff, and students who are not directly involved with research and development of technology licensed to a Technology Commercialization Company may hold equity interests in that company only to the extent not prohibited by Ohio Revised Code, including but not limited to Chapter 102 and Sections 2921.42 and 2921.43. Under such circumstances, the Vice President for Research will determine what Conflict of Interest Agreements need to be developed and maintained.

16. Regulatory Review Boards

Institutional regulatory review boards including, for example, the University's IRB (Institutional Review Board) and Laboratory Animal Care and Use Committee, may be utilized for research benefiting a Technology Commercialization Company only pursuant to Conflict of Interest Agreements.

17. Equity Dilution and Cap

While significant faculty equity ownership may be inherent in a newly formed company, it is expected that their ownership interests, as a percentage of the total outstanding shares or membership interests of the company, will decrease as the company develops and attracts additional equity. University Entrepreneurs and members of their immediate family (including a spouse residing in that person's household and any dependent child, as defined in Ohio Revised Code Section 102.01 (D)) should not hold or control more than twenty-five percent (25%) of the outstanding equity in a Technology Commercialization Company on an ongoing basis, except otherwise agreed upon in writing with the University. In order to ensure the observance of this principle, the Comprehensive Business Plan shall contain enforceable milestones for the dilution of these equity interests. Failure to comply with the agreed-upon milestones may result in the company's inability to engage in sponsored research or employ university students, or other sanctions included in the commercialization agreements entered into under this policy.

18. Principal Investigators

University Entrepreneurs may assume the role of Principal Investigator in sponsored research projects funded by Companies in which they have a Significant Financial Interest only pursuant to a Conflict of Interest Agreement approved by the Intellectual Property Committee and Vice President for Research.

19. University Policies

Candidate University Entrepreneurs and University Entrepreneurs remain University employees so long as they maintain employment on a part- or full-time basis with the University. As such they continue to be bound by all applicable University policies, including these Rules. In particular, they remain bound by the University's "Policy and Procedures for Intellectual Property," for discoveries and inventions generated from their remaining university activity, unless otherwise agreed upon in writing on a case-by-case basis. Ownership and management of the Intellectual Property created within the scope of the Comprehensive Business Plan shall be set forth in the License Agreement between the University and the Technology Commercialization Company.

20. Implementation of Rules

In implementing these rules, all members of the Board of Trustees of Wright State University are governed by Chapter 102 and sections 2921.42 and 2921.43 of the Ohio Revised Code.

_________________________

*Adapted from the Ohio Ethics Commission's "Model Rules Governing Faculty And Staff Participation In Companies Commercializing Their Institutional Research," pursuant to Ohio Revised Code 3345.14(D).

RESOLUTION 05-48

WHEREAS, Wright State University has an obligation to make available the new knowledge generated by its faculty and staff for the benefit of the people of Ohio, and

WHEREAS, further, as a recipient of federal funds and according to the Bayh-Dole Act, the university has an obligation to develop and commercialize the results of federally sponsored research, and

WHEREAS, the university has a technology transfer staff which promotes the dissemination and commercialization of university inventions, and

WHEREAS, Ohio Senate Bill 286 allows that University Entrepreneurs may benefit from equity ownership of companies which commercialize university-owned inventions, and

WHEREAS, Rules Governing Participation in Companies Commercializing University Discoveries, Inventions, and Patents by University Entrepreneurs have been drafted to meet the Guidelines of the Ohio Ethics Commission for SB 286; now, therefore be it

RESOLVED that these rules, as submitted to this meeting be, and the same hereby are, approved.

Mr. Jenkins moved for approval. Mrs. King seconded, and the motion was unanimously adopted by voice vote.

• University Classrooms of the Future Committee Report

  Dr. Lillie Howard, vice president for Instruction and Curriculum and dean of the University College, provided a progress report on the 13 priority recommendations identified by the University Classrooms of the Future Committee in May of 2004.

  • Permanent budgets have been established for technology upgrades and classrooms repairs, and for the creation of electronic classrooms.

  • Technology upgrades have been completed in more than 60 classrooms.

  • Ten additional electronic classrooms were created on main campus and three at the Lake Campus during December 2004, with 10 additional rooms scheduled for conversion over the summer, and additional rooms scheduled for conversion during the December 2005 break.

  • Improvements are planned in the HVAC and sound systems in the Creative Arts Center (CAC), along with a promise of more space once the Department of Human Services moves out of the CAC into comparable space elsewhere on campus.

  • 5 rooms (A020 CAC, 005, 012, 016 Library Annex, and 259 Allyn) have been converted to general classrooms.

  • A proposal for a wireless campus is under consideration by the provost.

  • Significant improvements in the teaching and learning environment overall, including the creation of green rooms in Theatre Arts and Music; new carpet, paint, lighting, furniture, and marker boards in a number of rooms; as well as ongoing attention to issues of accessibility.

  • Significant progress has been made toward fundraising goals for classroom and lab renovations at the Lake Campus.

  In addition, Dr. Howard highlighted recommendations from the 2005 University Classrooms of the Future Committee, addressing such issues as dedicated space; additional classrooms; additional office space; and criteria for the relocation of units off campus or away from the campus core.

  2. Emeritus Request

RESOLUTION 05-49

WHEREAS, faculty members who have served ten or more years as fully-affiliated and full-time members at Wright State University will automatically be granted the emeritus title upon retirement and upon written request by the faculty member to the provost; and

WHEREAS, Valerie W. Doll, lecturer, College of Education and Human Services, has served the university since 1991 in a fully-affiliated and full-time status and has requested emeritus status; therefore be it

RESOLVED that the request for emeritus status for the aforementioned faculty member, as submitted to this meeting be, and the same hereby is endorsed.

Mr. Jenkins moved for approval. Mr. Young seconded, and the motion was unanimously adopted by voice vote.

B. Advancement Committee

Mr. Young, chair, reported on the Advancement Committee meeting of May 20, 2005.

• Paragon Image Study

  Ms. Cindy Young, executive director of Communications and Marketing, presented results from the image survey conducted by Paragon Alliance. The purpose of this study was to compare results with the image study conducted in 1997. Alumni, parents of high school students, high school students and the general public were sampled in a four county area. Results clearly indicated that awareness of Wright State and its reputation for high quality education have grown considerably and that recent marketing initiatives and investments have been successful.

• Demonstration of Web Redesign

  Ms. Young gave a demonstration of the newly redesigned web pages for WSU. The goal is to make the web site easier to navigate in finding key information. The new web pages should be online this summer.

• Alumni Association Report

  Dr. Gary LeRoy reported that the Alumni Association Board of Directors participated in an all day retreat in April at the Schuster Center. The retreat was a springboard to begin the association's first formal strategic plan. Sessions included a presentation regarding the university's strategic plan presented by President Kim Goldenberg; a past president's forum in which they shared their biggest challenges and accomplishments; and an articulation of the entire university strategic planning process by Dr. Robert Sweeney. The Association expects to complete its strategic plan by December of this year.

  The Alumni Achievement Awards by the Alumni Association were presented at a reception on Friday, May 20th in the University Art Gallery, followed by attendance at a performance of Cabaret.

• Vice President's Report

  Mrs. Marcia Muller reported that the campaign has exceeded $62.5 million. Mrs. Muller highlighted several capital projects which have received significant funding, including the Raj Soin College's MTC Trading Center; the Joshi Research Center; naming gifts received for the renovated Fred White Center; and Lake Campus capital commitments. The campaign Family Fund has now exceeded $4 million. In 2004, WSU was 3rd among all public universities in Ohio in faculty and staff giving.

  Mrs. Muller announced a search for director of Development for the College of Engineering and Computer Science. Corporate Appeal is in process, led by Bill Hann. The Campus Scholarship and Innovation Campaign is also in process at this time.

  The WSU Foundation Finance and Audit Committee is working on a Reserve Policy. A review of the by laws is being conducted. The full board will participate in a self assessment in June and a board retreat is planned for September 9th and 10th to begin the next iteration of the Foundation's strategic plan.

C. Building and Grounds Committee

Mr. Adams reported on the Building and Grounds Committee meeting of May 20, 2005.

• Six Year Capital Plan Development

  Ms. Vicky Davidson, associate vice president, Facilities Planning and Management, presented an update on discussions with the President's Cabinet, Deans, Faculty Building and Grounds Committee and Faculty Senate regarding the development of the 2007-2012 capital plan. A significant portion of the next three biennial state funding components will be used to address improvements in the science facilities.

• Campus Master Plan

  Ms. Davidson explained that a master plan is normally conducted to analyze the implementation of the prior master plan, to identify what elements of the university environment have changed and to define the next phase of development. The master plan done in 1985 was comprehensive. Elements of this plan continue to be included in all new buildings and renovations while the 1995 master plan focused primarily on the external/outside space. Recently, the university has been doing a number of things internally that are components of a master plan, including space analysis and classroom/lab utilization. Land use to identify the mapping of the 557 acre main campus is under consideration as the next piece of a master plan to pursue in the near future.

• Construction Project Status Report

  Ms. Davidson updated the committee on the Science Lab Renovations project. Construction will begin on the Russ Engineering project this month.

D. Finance and Audit Committee

Mr. Graber, chair, reported on the committee meeting of May 20, 2005. The following topics were discussed:

1. Current Funds Budget 2005-2006

RESOLUTION 05-50

WHEREAS, enrollment levels are anticipated to remain flat; and

WHEREAS, state support per student continues to decline and will be below prior year levels; and

WHEREAS, extensive planning and consultation within the university has been accomplished; and

WHEREAS, Wright State University has developed a budget to guide operations and support the university's Strategic Plan during the fiscal year beginning July 1, 2005; and

WHEREAS, said budget includes an array of Auxiliary Fees, Earnings Accounts and Other Rates and Fees, in addition to Instruction and General Fees; therefore be it

RESOLVED that the President may make expenditures within projected income levels, may limit the expenditures of funds within any given category, may transfer funds within the major budget categories, and take such other actions, as may be in the interest of the university; and be it further

RESOLVED that the university's current funds budget as described in the accompanying schedules and tables now before the Board of Trustees be and hereby are approved.

Mr. Graber motioned for approval. Mr. Adams seconded, and the motion was unanimously adopted by roll call vote.

2. Student Fee Increase

RESOLUTION 05-51

WHEREAS, the Wright State University Board of Trustees is given the statutory authority and responsibility to assess tuition and fees; and

WHEREAS, tuition and fees must be sufficient to fund a quality educational experience; and

WHEREAS, there are three cohorts of tuition and fees for returning students; therefore be it

RESOLVED that Main Campus full-time undergraduate tuition and fees for all returning and new students for fall quarter 2005 be increased over those for summer quarter 2005 by 6.0%; and be it further

RESOLVED that Main Campus part-time undergraduate tuition and fees for all returning and new students be increased over those for summer quarter 2005 by no more than 6.0%; and be it further

RESOLVED that Lake Campus full-time undergraduate tuition and fees for all returning and new students for fall quarter 2005 be increased over those for summer quarter 2005 by 6.0%; and be it further

RESOLVED that Lake Campus part-time undergraduate tuition and fees for all returning and new students be increased over those for summer quarter 2005 by no more than 6.0%; and be it further

RESOLVED that Main Campus graduate tuition and fees for all returning and new students for fall quarter 2004 be increased over those for summer quarter 2005 by 6.0%; and be it further

RESOLVED that Lake Campus graduate tuition and fees for all returning and new students for fall quarter 2005 be increased over those for summer quarter 2005 by 6.0%; and be it further

RESOLVED that professional fees for the School of Professional Psychology for all returning and new students for fall quarter 2005 be increased over those for summer quarter 2005 by 6.0%; and be it further

RESOLVED that professional fees for the School of Medicine for all returning and new students for fall quarter 2005 be increased over those for summer quarter 2005 by 12.0%; and be it further

RESOLVED that this resolution supersedes 04-47 dated June 11, 2004.

Mr. Graber moved for approval. Mr. Jenkins seconded, and the motion was unanimously adopted by roll call vote.

3. Contracts Over $500,000

RESOLUTION 05-52

WHEREAS, in order for the university to conduct business on a day-to-day basis, and provide products and services in a timely manner, routine purchases must be made; and

WHEREAS, occasionally these expenditures exceed $500,000; therefore be it

RESOLVED that authorization is granted for the following contracts as submitted to this meeting be, and the same hereby is approved.

Mr. Graber moved for adoption. Mr. Nevin seconded, and the motion was unanimously approved by roll call vote.

• Mr. Ulliman presented the contracts $250,000-$499,999. No action was required.

• Dr. Filipic presented the following resolution is a biannual renewal of an expiring resolution passed by the board in 2003. (See Attachment 2) The resolution relates to renewal of capital lease authorizations.

4. Capital Lease Authorization

The following resolution is a biannual renewal of an expiring resolution passed by the Board in 2003. Two declarations in the past two years have been filed (Banner, March 2004 and the Student Union, August 2004. This will allow Dr. Filipic the authorization if necessary. However, he does not foresee needing to exercise this authorization.

RESOLUTION 05-53

RESOLVED that the president and treasurer of Wright State University be, and hereby are, authorized on behalf of the university to enter into one or more Lease Purchase Agreements, for the acquisition of such types of capital equipment the university may wish to finance, up to a total of $6 million for the period July 1, 2005, through June 30, 2007, and this authorization submitted to this meeting be, and the same hereby is approved.

Mr. Graber motioned for approval. General Lyles seconded, and the motion was approved by unanimous roll call vote.

5. Renewal of Capital Spending Reimbursement

RESOLUTION 05-54

Authorizing Declarations of Official Intent Under U.S. Treasury Regulations with Respect to Reimbursements from Note and Bond Proceeds of Temporary Advances Made for Payments Prior to Issuance, and Related Matters.

WHEREAS, United States Treasury Regulations prescribe conditions under which proceeds of bonds, notes, or other obligations used to reimburse advances made for certain expenditures paid before the issuance of such obligations, will be deemed to be expended (or properly allocated to expenditures) for purposes of Sections 103 and 141-150 of the Internal Revenue Code of 1986, so that upon such reimbursement the proceeds so used will not further be subject to requirements or restrictions under those sections of the Internal Revenue Code; and

WHEREAS, certain provisions of those Regulations require that there be a Declaration of Official Intent not later then 60 days following payment of the expenditure expected to be reimbursed from proceeds of such obligations, and that the reimbursement occur within prescribed time periods after the expenditure is paid or after the property is placed in service; and

WHEREAS, this Board of Trustees of Wright State University wishes to take steps for compliance with those Regulations; now, therefore,

BE IT RESOLVED by the Board of Trustees of Wright State University (the University) as follows:

Section 1. Definitions. The following definitions apply to the terms used herein:

"Authorized Officer" means the Vice President for Business and Fiscal Affairs and Treasurer or any person designated for the purpose by the Vice President for Business and Fiscal Affairs and Treasurer.

"Bonds" means and includes bonds, notes, certificates and other obligations included in the meaning of "bonds" under Section 150 of the Internal Revenue Code of 1986.

"Declaration of Official Intent" means a declaration of intent, in the form and manner and time contemplated in the Reimbursement Regulations, that the advances for expenditures referred to therein are reasonably expected to be reimbursed from the proceeds of Reimbursement Bonds to be issued after those expenditures are paid.

"Reimbursement" or "reimburse" means the restoration to the University of money temporarily advanced from its other funds and spent for capital expenditures (and certain other types of expenditures qualifying under the Reimbursement Regulations, including any issuance costs for Reimbursement Bonds) before the issuance of the Reimbursement Bonds, evidenced in writing by an allocation on the books and records of the University that shows the use of the proceeds of the Reimbursement Bonds to restore the money advanced for the original expenditure. "Reimbursement" or "reimburse" generally does not include the refunding or retiring of Bonds previously issued and sold to, or borrowings from, unrelated entities.

"Reimbursement Bonds" means Bonds the proceeds of which are to be used for reimbursement of such capital or other qualifying expenditures paid before issuance of the Bonds.

"Reimbursement Regulations" means Treasury Regulations section 1.150-2 and any amendments thereto or superseding regulations, whether in proposed, temporary or final form, as at the time applicable, prescribing conditions under which the proceeds of Reimbursement Bonds when allocated or applied to a reimbursement will be treated as expended for all or any purposes of sections 103 and 141 to 150 of the Internal revenue Code.

Section 2. Authorization and Requirement of Declarations of Official Intent. Each Authorized Officer is authorized to prepare and sign Declarations of Official Intent with respect to capital and other expenditures to which the Reimbursement Regulations apply (and including any costs of issuance of the Reimbursement Bonds) to be made from money temporarily available and which are reasonably expected to be reimbursed (in accordance with applicable authorizations, policies and practices) from the proceeds of Reimbursement Bonds, to make appropriate reimbursement and timely allocations from the proceeds of the Reimbursement Bonds to reimburse such prior expenditures, and to take any other actions as may be appropriate, all at the times and in the manner required under Reimbursement Regulations to satisfy the requirements for the reimbursement to be treated as an expenditure of such proceeds for purposes of sections 103 and 141 to 150 of the Internal Revenue Code of 1986. No advance from any fund or account or order for payment may be made for expenditures (other than expenditures excepted from such requirement under the Reimbursement Regulations) that are to be reimbursed subsequently from proceeds of Reimbursement Bonds unless a Declaration of Official Intent with respect thereto is made within the time required by the Reimbursement Regulations. All Declarations of Official Intent heretofore made on behalf of the Issuer are hereby ratified and adopted.

Section 3. Open Meeting. This Board of Trustees of Wright State University (Board) finds and determines that all formal actions of this Board concerning and relating to the passage of this Resolution were taken in an open meeting of this Board and that all deliberations of this Board and of any committees that resulted in those formal actions were in meetings open to the public in compliance with the law.

Section 4. Effective Date. This Resolution will take effect immediately and will expire on June 30, 2007.

Mr. Graber moved for approval. Mr. Young seconded, and the motion was unanimously approved by roll call vote.

DECLARATION OF OFFICIAL INTENT

For Reimbursement of Expenditures from Bonds¹/Notes¹

This is a Declaration of Official Intent under U.S. Treasury Regulations for purposes of Sections 103 and 141 to150 of the Internal Revenue Code of 1986 (the Internal Revenue code).

Wright State University (the "University") declares that it reasonably expects that the expenditures described below will be reimbursed with the proceeds of bonds (as defined in Section 150 of the Internal Revenue Code). The maximum principal amount of bonds expected to be issued for the project, property, program or purpose toward which these expenditures are being made is $_______________.²

Description of capital expenditures to be reimbursed.³

_______________________________________________________________________________

The undersigned has been authorized by the University (I) to make and sign this Declaration on behalf of the University, (ii) to make appropriate reimbursement and timely allocations from the proceeds of the bonds to reimburse such prior expenditures, and (iii) to take any other actions as may be appropriate, all at the times and in the manner required under the applicable reimbursement regulations to satisfy the requirements for the reimbursement to be treated as an expenditure of such proceeds for purposes of sections 103 and 141 to 150 of the Internal Revenue Code.

Date of Declaration: WRIGHT STATE UNIVERSITY

__________________, 200_ By: _______________________

(Signature)

__________________________

(Type or print Name and Title)

_________________

¹ Caution: This Declaration of Official Intent will not be effective unless the bonds (or notes or other obligations) providing money for the reimbursement are issued and the reimbursement is made (by an allocation on the books and records identifying the expenditure as in 2 above) within the applicable period prescribed in the Treasury Regulations.

² The amount entered should include the maximum principal amount of all bonds to be issued for the project (i.e., bonds to be issued for reimbursement of prior expenditures and bonds or other obligations to finance expenditures to be paid on or after the date of issuance of the bonds).

³ The description should be a general functional description of property, project, program or purpose for which expenditures are to be made and reimbursement is expected. In general, "capital expenditures" include any costs related to be acquisition or construction of land or interests in real estate, buildings, structures, additions thereto, or other permanent improvements and restoration or betterments made to increase the value of property or substantially prolong its useful life, and also of machinery, equipment, furniture and fixtures having a useful life of at least five years (as required by applicable State law). Costs of issuance of the bonds also are capital expenditures for this purpose.

• Dr. Filipic provided the annual review of the Scholarship Policy. We are awaiting a report from Noel Levitz Consultants that may offer suggestions about potential revisions to our scholarship policies.

• Mr. Ulliman and Ms. Anderson gave a management letter update to the committee.

• Mr. Ulliman presented the investment reports for February and March 2005.

• Dr. Filipic presented his vice president's report. Some of the highlights are as follows:
  • We continue to watch state budget developments closely. We have not been able to get support for any restoration of sharp budget cuts being imposed on the medical school.

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  • The purchasing function will be a major focus of attention in the coming year. We have scheduled a second meeting with Premier for early June. Purchasing is now deeply engaged in implementation of Banner, but this fall we will be issuing an RFP to secure the help of a consultant to recommend improvements to our purchasing activities.

  • Banner implementation has required a major commitment of time in many administrative offices. We are on track to bring the Finance module on line by July 1, and we will do it in a way that takes advantage of much more functionality than most campuses enjoy when they implement Banner.

  • We continue to pursue a range of initiatives designed to increase effectiveness and reduce costs. We have a graduate student intern, Jim Ginzer, working with us this spring to identify initiatives undertaken by other campuses that might hold promise for us.

E. Student Affairs Committee

Mr. Jenkins, chair, reported on the committee meeting of May 20, 2005.

• Vice-President's Report

  Dr. Dan Abrahamowicz reported the NCAA released its report relative to allegations of infractions in several sports at OSU, including allegations involving WSU Basketball Coach Paul Biancardi during the time he served as Assistant Basketball Coach at OSU. Coach Biancardi has unequivocally denied all allegations. Coach Biancardi has until July to respond to the allegations. The process could last into the next basketball season.

  There have been numerous spring quarter campus activities, including a Sexual Assault Awareness Week, the Leader 2 Leader student leadership conference sponsored by Omicron Delta Kappa on April 30, May Daze, and the very successful After May Daze Party that featured a variety of alcohol-free activities.

  The Student Government election was hotly contested with over 3,400 students voting. Mr. Jenkins congratulated Mr. James Borchers and Miss Molly McGraw, the new Student Government president and vice-president, respectively.

  Gunfire was reported in the College Park vicinity in the early morning hours of May 9. All residents were notified and a $500 reward has been offered for information relating to the incident. Police presence has been increased, especially on weekends and evenings.

  Sunday will be the annual Student Union recognition function when Student Union scholarships are announced. Due to the very successful efforts of Mr. Bill Shepard and his staff, $30,000 is being awarded in scholarships to Student Union student employees. Also, Student Legal Services which has been very successful with 85 - 90% student participation rate, has endowed a $50,000 scholarship to allow a series of $2,500 scholarships to be awarded to individual students.

• Student Government Update:

  Mr. Josh Burger updated the committee on recent Student Government activities. Mr. Mike Gessner, Residential Senator, made a proposal to place LED signs around campus to announce events and has raised most of the cost. The recycling pilot program proposed by Mr. Dylan Borchers is now up and running. There is a field day on May 20 with music, vendors, and over 100 participants from area colleges who will compete for a traveling trophy.

  Mr. Brandon Kern distributed a comprehensive report on Student Government's organizational goals for 2004-05 and the status. He is very pleased with the accomplishments of this year's Student Government and reported that all the goals were met to some degree. He indicated that Student Government should continue to pursue communication as a major initiative. The major initiatives of the past year were the parking study, on-line course evaluations which are now operational, the recycling pilot program, and a Student Union renovation plan that would place student organizations in a central location.

  Following the Student Government update, Mr. Jenkins presented Mr. Kern and Mr. Burger with plaques recognizing their exemplary service with Student Government.

  1. Brandon Kern and Josh Burger Recognition

  Resolution 05-55

  WHEREAS, Brandon Kern and Joshua Burger were selected by the Wright State Student Body to serve as their duly elected president and vice president for the 2004-05 academic year; and

  WHEREAS, Brandon Kern and Joshua Burger have demonstrated exemplary leadership skills in their roles in Student Government; and

  WHEREAS, Brandon Kern and Joshua Burger have served with distinction as advocates of the Wright State Student Body; therefore

  BE IT RESOLVED, that the Wright State University Board of Trustees recognizes the achievements of Brandon Kern and Joshua Burger.

  Mr. Jenkins motioned for approval. Mr. Graber seconded, and the motion was unanimously approved by voice vote.

• Faculty Senate Representative Report:

  There was no Faculty Senate report

  • Policy Issues:

    Dr. Abrahamowicz and Ms. Jacqueline McMillan discussed the enrollment management structure. Provost David Hopkins put in place an enrollment management team one year ago to bring all the university units whose work informs and affects enrollment together to develop a long-term strategic enrollment plan. Noel-Levitz, a national enrollment management consulting firm, was brought in to conduct a strategic enrollment opportunities analysis. Also, Ms. McMillan has been working closely with the Lake Campus and Graduate Studies with regard to enrollment management. There will soon be a comprehensive media blitz and open house related to enhancing the visibility of our graduate programs.

  • Updates:

    Mr. Dan Bertsos updated the committee on new residence hall construction. Housing demand has remained steady, but the type of housing requested has shifted. He expects that all residence halls will be full for fall 2005, with a possible need for overflow housing through fall quarter, the new University Park building is ahead of schedule and will be ready for occupancy in August. It will house some units specifically for Greeks and international students.

    Mr. Joe Berhiaume discussed the process for the selection and training for community advisors. There were close to 90 applicants for the 12 open CA positions for fall 2005. Community Advisors are selected in January and February with extensive leadership training occurring in May and again in August. Linda Morris, Latasha Montgomery, and Nathaniel Cooney discussed their experiences as CA's during this academic year.

F. Student Trustees' Report

• Ms. Hiloni Bhavsar gave today's report.

• Mr. Matthew Watson and Ms. Bhavsar attended the AGB National Conference on Trusteeship in San Diego, California. They had the opportunity to attend several roundtable sessions and concurrent sessions. The sessions covered a variety of subjects and issues targeted to providing trustees with tools and guidelines to help them serve their institutions in the best possible way. They met with student trustees from other universities around the nation and shared experiences. Having attended the Student Trustee Conference in January at Bowling Green State University they went to San Diego with a great network. Ohio student trustees represented at least half of the total number of student trustees present at the conference. They shared ideas about how they developed their network and how they are able to communicate and work together. Mr. Watson will continue to work with the fellow Ohio student trustees this summer and in the upcoming year to develop student trustee orientation sessions, as well as the next conference, which will be hosted by University of Akron.

• Ms. Bhavsar attended the Leader 2 Leader Conference organized by Omicron Delta Kappa, the national leadership fraternity on campus. The conference focused on workshops that allowed self-tests on determining the type of leader you are, panel discussions with past leaders and more.

• The student trustees visited some of the May Daze activities on campus. This year's May Daze was one of the best attended in years. Congratulations to Student Government and all the student organizations and participants for a successful event.

• Mr. Watson is chairing the search committee for the new student trustee that will be appointed by Governor Taft this summer. The new trustee will serve a two year term starting this summer until June 2007. Two recommendations have gone to the Governor.

• Ms. Bhavsar thanked the Governor for the opportunity to give back to a university that has given her so much. She also thanked the Board for helping her fulfill her duties as a student trustee and making it very easy to share her opinions and thoughts and respecting the role of student trustees on this board.

G. Faculty Senate President Report

• Dr. Drew Pringle, Faculty President, gave his final report to the Board.

• He provided a summary of accomplishments and identified challenges that faculty governance faces next year and beyond.

• The Constitution has been in vote for the last 3 days ending at 5 p.m. today with 40%+ of the faculty casting ballots.

• The Faculty Senate has had good communication with the Provost Office. Dr. Pringle stated that the Senate now receives in writing approvals of items and action items that take place and are approved in the Senate.

• The Senate restructured various committees this year. This was due to the fact that they looked at what some the committees actually were doing versus what the committees' actual charge was and in some cases were not necessary aligned well. One of the outcomes was they developed a new coarse materials committee.

• Several challenges coming up in the next year:
  1. Funding and the state budget - Dr. Pringle hopes the faculty continues to provide creative and interesting ways to address some of these problems.

  2. Another challenge facing the Senate is finding faculty to take on some leadership roles.

X. PRESENTATION AND POLICY DISCUSSIONS

Dr. Anita Curry Jackson

Dean, Lake Campus

Business Enterprise Center: Our Engagement with the Business Community

Dr. Kim Goldenberg introduced Dr. Anita Curry Jackson, dean of Lake Campus, who in turn introduced Dr. Tom Knapke and Ms. Julie Miller as today's presenters.

• This Business Enterprise Center really addresses Goal #3 of their strategic plan that talks about extending our engagement with the government, business and non profits to focus on emerging areas of need.

• Dr. Knapke stated that their Center strives to be an economic resource by providing comprehensive counseling to new and existing small businesses as well as business and industrial training. The Center serves Auglaize, Mercer and Van Wert Counties.

• The Business Enterprise Center at Wright State University Lake Campus is proud to be a partner with their business community and looks forward to another very progressive year of economic cooperation in West Central Ohio.

XI. UNFINISHED BUSINESS

None

XII. NEW BUSINESS

A. Commencement - June 11, 2005, Breakfast - 8:30 a.m., Commencement -

10:00 a.m.

B. Lake Campus Commencement - June 10, 2005

C. School of Professional Psychology Hooding - July 15, 2005

XIII. ADJOURNMENT

Meeting adjourned at 2:55 p.m.