agenda november 2, 2012 - utah state university · 02-11-2012 · november 2, 2012 . a....

AGENDA

REGULAR MEETING OF THE UTAH STATE UNIVERSITY BOARD OF TRUSTEES

UTAH STATE UNIVERSITY UNIVERSITY INN

NOVEMBER 2, 2012 7:15 to 9:00 a.m. Breakfast Buffet Hallway Fifth Floor

7:30 a.m. Audit Committee Room 510 Honorary Degrees/ Room 511 Awards Committee 9:00 a.m. Executive Session Alma Sonne Board Room, Room 508 10:00 a.m. Regular Meeting Alma Sonne Board Room, Room 508

• Introductory Items • Chair’s Report • President’s Report • Consent Agenda • Action Agenda • Strategic Agenda

12 noon Lunch for Trustees Room 507 1:00 p.m. Athletics Committee Room 510

AGENDA CHAIR’S REPORT

NOVEMBER 2, 2012

A. Information Items

1. ASUSU Report

2. Alumni Association Report

3. Report on Audit Committee Meeting held November 2, 2012

4. Report on Honorary Degrees and Awards Committee Meeting held

November 2, 2012

5. Date of next Board of Trustee Meeting, January 4, 2013, to be held on campus

B. Other

AGENDA

PRESIDENT’S REPORT November 2, 2012

A. Information Items 1. Student Resolution of Commendation to Kyle Niedrich B. Recent Events 1. Governor’s Education Excellence Commission – Salt Lake City, July 31, 2012 2. NCAA Executive Committee and Board of Directors Meetings – Indianapolis, August 1-2, 2012 3. K-16 Alliance, August 8, 2012 4. USU Community Associates, August 8, 2012 5. Regent Dan Campbell, Visit to USU, August 9, 2012 6. Doctor of Veterinary Medicine Reception at the Home, August 10, 2012 7. Remarks at Department Head Retreat, August 13, 2012 8. Remarks at RCDE/USU Eastern Faculty Retreat, August 14, 2012 9. Remarks at New Faculty Teaching Academy, August 14, 2012 10. RCDE Faculty Retreat Dinner at the Home, August 14, 2012 11. Presidents/Commissioner Retreat – Salt Lake City, August 15, 2012 12. Touchdown Club BBQ, August 15, 2012 13. Higher Education Appropriations Meeting – Salt Lake City, August 16, 2012 14. Remarks at RCDE Student Government Leaders Breakfast, August 17, 2012 15. Council of Presidents – Salt Lake City, August 28, 2012 16. New Faculty Orientation Reception at the Home, August 29, 2012 17. Football – Southern Utah University at USU, August 30, 2012 18. Religion in Life, September 7, 2012 19. Football – Utah at USU, September 7, 2012 20. Athletic Hall of Fame, September 8, 2012 21. USU Presidential Doctoral Research Fellows Dinner at the Home, September 12, 2012 22. Board of Regents Dinner at the Home, September 13, 2012 23. Huntsman School of Business Annual Scholarship and Awards Banquet, September 13, 2012 24. Board of Regents at USU, September 14, 2012 25. Football – USU at Wisconsin, September 15, 2012 26. Legislative Meetings – Washington, DC, September 17, 2012 27. Armenian/Dominican Republic Reception at the Home, September 18, 2012 28. Wells Fargo Northern Utah Community Board Meeting – Ogden, September 20, 2012 29. Arrington Dinner and Lecture, September 20, 2012 30. Mtn. West Center, Evans Awards and Luncheon, September 21, 2012 31. Football – USU at Colorado State, September 22, 2012 32. Education Excellence Commission Meeting – Salt Lake City, September 24, 2012

33. Natural Resources/Quinney Celebration, September 26, 2012 34. Fry Street Quarter and Robert Davies Performance, September 27, 2012 35. Huntsman School of Business National Advisory Board Meeting, September 28, 2012 36. All Aggie Reception, September 28, 2012 37. Homecoming Breakfast and Parade, September 29, 2012 38. Legislative Intern Reunion, September 29, 2012 39. Ag Day BBQ, September 29, 2012 40. Football – UNLV at USU, September 29, 2012 41. RCDE Ribbon Cutting, October 3, 2012 42. USTAR Governing Authority Board, October 4, 2012 43. Football – USU at BYU, October 5, 2012 44. Dinner with Mary Robinson, Former President of Ireland, October 10, 2012 45. Autumn Voices Concert and Posthumous Diploma presented to family of Kristopher King, October 11, 2012 46. USU Foundation Board Meeting, October 12-13, 2012 47. Old Main Society/Campaign Event, October 12, 2012 48. Football – USU at San Jose, October 13, 2012 49. NSF/EPSCoR Reception and Dinner at the Home, October 17, 2012 50. Football – New Mexico State at USU, October 20, 2012 51. Regence Blue Cross Blue Shield Conference – Tucson, Arizona, October 21-24, 2012 52. President Pershing Inauguration – Salt Lake City, October 25, 2012 53. Huntsman Cancer Foundation Gala – Salt Lake City, October 25, 2012 54. Sunrise Session, Christine Hailey Presenter – Salt Lake City, October 26, 2012 55. Football – USU at Texas San Antonio, October 27, 2012 56. NCAA Board of Directors Meeting – Indianapolis, Indiana, October 29-30, 2012 57. USU Board of Trustees, November 2, 2012 58. Regents Resource and Review Team, November 2, 2012 C. Upcoming Events 1. Alumni Association Hall of Honor Brunch, November 3, 2012 2. Football – Texas State at USU, November 3, 2012 3. Council of Presidents – Salt Lake City, November 5, 2012 4. Inaugural Professor Lecture, Eadric Bressel, November 6, 2012 5. TEDx Conference at USU, November 7, 2012 6. APLU Annual Meetings – Denver, Colorado, November 11-13, 2012 7. USU Research Foundation Board Dinner, November 15, 2012 8. Basketball – St. Mary’s at USU, November 15, 2012 9. Board of Regents – Utah Valley University, November 16, 2012 10. Football – USU at La Tech, November 17, 2012 11. Basketball – Texas A&M at USU, November 17, 2012 12. Football – Idaho at USU, November 24, 2012 13. Basketball – Weber State at USU, November 24, 2012 14. Salt Lake Chamber Board of Governors – Salt Lake City, November 27, 2012

15. Inaugural Professor Lecture, Carol D. Von Dohlen, November 27, 2012 16. Speak at Logan Rotary, November 29, 2012 17. Legislative Preview Lunch, December 4, 2012 18. Aggie Passport Reception at the Home, December 4, 2012 19. Basketball – USU at BYU, December 5, 2012 20. Regence Blue Cross Blue Shield Community Board Meeting – Salt Lake City, December 6, 2012 21. AFC Holiday Concert and Reception, December 8, 2012 22. Mtn. West Board of Directors Meetings – Phoenix, Arizona, December 9-10, 2012 23. Wells Fargo Northern Utah Community Board Lunch – Salt Lake City, December 11, 2012 24. Basketball – USU at Utah Valley University, December 15, 2012 25. Basketball – World Vision Challenge, December 20-22, 2012 26. Basketball – Seattle at USU, December 3, 2012 27. USU Board of Trustees, January 4, 2013 D. Other

CONSENT AGENDA NOVEMBER 2, 2012

1. Minutes of the Regular Meeting Held on July 27, 2012

2. Faculty and Staff Adjustments

3. Certificate of the Treasurer for June 2012

4. Certificate of the Treasurer for July 2012

5. Report of Investments for June 2012

6. Report of Investments for July 2012

7. Delegation/Administrative Reports for June 22, 2012 to

August 10, 2012

8. Delegation/Administrative Reports for August 10, 2012 to October 5, 2012

9. Capital Improvement Priority List for FY 2014

10. Auxiliary/Service Enterprises Annual Reports

11. Report of Institutional Discretionary Funds

12. Bad Debt Write-off Recommendation

13. Real Property Donation

14. Contract/Grant Proposals and Awards for June 2012

15. Contract/Grant Proposals and Awards for July 2012

16. Contract/Grant Proposals and Awards for August 2012

17. Acceptance of Written Report

• Academic/Provost • Faculty and Staff Activities and Achievements

(The complete list by College is on the Board of Trustees web page at

http://www.usu.edu/trustees/agenda/2012)

• Business and Finance • Facilities • Controller’s Office • Information Technology • Leased Facilities Report

• Extension/Continuing Education • Federal and State Relations • Research • Commercialization and Regional Development • Student Services • University Advancement

• Campaign Impact Report • Monthly Progress Report • Monthly Gift Comparison, FY 2012

• USU Eastern • Alumni Association • ASUSU • Athletics • Public Relations and Marketing • Faculty Senate • Professional Employees Association • Classified Employees Association

http://www.usu.edu/trustees/agenda/2011

1

REGULAR MEETING

UTAH STATE UNIVERSITY BOARD OF TRUSTEES

UTAH BOTANICAL CENTER

KAYSVILLE, UTAH

JULY 27, 2012

Minutes of the Regular Meeting of the Utah State University Board of Trustees held at Wetland

Discovery Point, Utah Botanical Center, at 9:00 a.m.

MEMBERS PRESENT

Ronald W. Jibson Chair

Jody K Burnett

Robert L. Foley

Mark K. Holland

Susan D. Johnson

J. Scott Nixon

Frank Peczuh, Jr.

Suzanne Pierce-Moore

Christian S. Thrapp

MEMBER EXCUSED

Douglas S. Foxley

Scott R. Watterson Vice Chair

UNIVERSITY REPRESENTATIVES PRESENT

Stan L. Albrecht President

Raymond T. Coward Executive Vice President and Provost

Robert T. Behunin Vice President for Commercialization and Regional Development

Noelle E. Cockett Vice President and Dean for Extension and Agriculture

Neil Abercrombie Director of Federal and State Relations

Annette Herman Harder Chief Operating Officer of University Advancement

Joe Peterson Chancellor of USU-CEU

Sydney M. Peterson Chief of Staff and Board of Trustees Secretary

Craig J. Simper General Counsel

2

Chair Jibson welcomed everyone to the Regular Meeting and the Trustees Workshop. Vice

President Cockett extended a welcome to everyone to the Utah Botanical Center.

I. Chairman=s Report

A. Date of the Next Board of Trustees Meetings

The next Board of Trustees meeting will be held on Friday, November 2, 2012.

II. President’s Report

A. USU Commencement

President Albrecht stated that USU Commencement events held May 4 and May 5,

2012, were outstanding.

B. Recent Events

1. Northwest Commission on Colleges and Universities (NWCCU) Summer Board

Meetings – Portland, Oregon, July 8-11, 2012

2. State Board of Regents Retreat and Meetings – Southern Utah University,

July 12-13, 2012

3. USU Board of Trustees Workshop – USU Botanical Center, July 27, 2012

C. Upcoming Events

1. Governor’s Education Excellence Commission – Salt Lake City, July 31, 2012

3

2. NCAA Executive Committee and Board of Directors Meetings – Indianapolis,

August 1-2, 2012

3. K-16 Alliance, August 8, 2012

4. USU Community Associates, August 8, 2012

5. Regent Dan Campbell, Visit to USU, August 9, 2012

6. Doctor of Veterinary Medicine Reception at the Home, August 10, 2012

7. Remarks at Department Head Retreat, August 13, 2012

8. Remarks at New Faculty Teaching Academy, August 14, 2012

9. RCDE Faculty Retreat Dinner at the Home, August 14, 2012

10. Presidents/Commissioner Retreat – Salt Lake City, August 15, 2012

11. Touchdown Club BBQ, August 15, 2012

12. Remarks at RCDE Student Government Leaders Breakfast, August 17, 2012

13. Remarks at Caine College of the Arts Retreat, August 17, 2012

14. Council of Presidents – Salt Lake City, August 28, 2012

15. New Faculty Orientation Reception at the Home, August 29, 2012

16. Football – Southern Utah University at USU, August 30, 2012

17. Religion in Life, September 7, 2012

18. Mtn. West Roll Out, September 7, 2012

19. Football – Utah at USU, September 7, 2012

20. Athletic Hall of Fame, September 8, 2012

21. USU Presidential Doctoral Research Fellows Dinner at the Home,

September 12, 2012

22. Board of Regents Dinner at the Home, September 13, 2012

23. Board of Regents at USU, September 14, 2012

24. Football – USU at Wisconsin, September 15, 2012

25. Wells Fargo Northern Utah Community Board Meeting – Ogden, September 20,

2012

26. Arrington Lecture, September 20, 2012

27. Mtn. West Center – Evans Awards and Luncheon, September 21, 2012

28. Football – USU at Colorado State, September 22, 2012

4

29. Natural Resources/Quinney Celebration, September 26, 2012

30. Fry Street Quarter and Robert Davies Performance, September 27, 2012

31. Homecoming Events, September 28, 2012

32. Homecoming Parade, September 29, 2012

33. Ag BBQ, September 29, 2012

34. Football – UNLV at USU, September 29, 2012

35. RCDE Ribbon Cutting, October 2, 2012

36. Martin Grenzebach visit to USU, October 3-4, 2012

37. End of Campaign Events, October 8-13, 2012

38. USU Foundation Board Meeting, October 12-13, 2012

39. State of the University Address, October 12, 2012

40. Old Main Society/Campaign Event, October 12, 2012

41. Football – USU at San Jose, October 13, 2012

42. Governor’s Education Summit – Salt Lake City, October 15, 2012

43. Football – New Mexico State at USU, October 20, 2012

44. Regence Blue Cross Blue Shield Conference – Tucson, Arizona, October 21-24,

2012

45. Huntsman Cancer Foundation Gala – Salt Lake City, October 25, 2012

46. Sunrise Session, Christine Hailey Presenter – Salt Lake City, October 26, 2012

47. Football – USU at Texas San Antonio, October 27, 2012

48. NCAA Board of Directors Meeting – Indianapolis, Indiana, October 30, 2012

49. Council of Presidents – Salt Lake City, October 30, 2012

50. Football – Texas State at USU, November 3, 2012

51. USU Board of Trustees, November 9, 2012

III. Consent Agenda

Trustees were given the following consent agenda material for their consideration:

5

Minutes of the Executive Session Held on June 29, 2012

Minutes of the Regular Meeting Held on June 29, 2012

Resolution 12-7-1 Faculty and Staff Adjustments (Appendix A)

Resolution 12-7-2 Certificate of the Treasurer for May 2012 (Appendix B)

Resolution 12-7-3 Report of Investments for May 2012 (Appendix C)

Resolution 12-7-4 Delegation/Administrative Reports for May 18, 2012 to June 22,

2012 (Appendix D)

Resolution 12-7-5 Contract/Grant Proposals and Awards for May 2012 (Appendix E)

Executive Session to be held on November 2, 2012, to discuss those items which are

permitted by law to be discussed in Executive Session.

Action: Trustee Foley moved approval of the Consent Agenda items, and Trustee

Nixon seconded the motion. The voting was unanimous in the affirmative.

IV. Faculty and Staff Adjustments

Trustees were given an addendum to the Faculty and Staff Adjustments. Dirk K.

Vanderwall, has been hired as Associate Professor with tenure, Department of Animal,

Dairy, and Veterinary Sciences, College of Agriculture, effective August 1, 2012.

Action: Trustee Pierce-Moore moved approval of Resolution 12-7-6 Faculty and

Staff Adjustments, and Trustee Foley seconded the motion. The voting was

unanimous in the affirmative.

The Regular Meeting adjourned at 9:11 a.m.

6

___________________________________ __________________________________

Ronald W. Jibson, Chair Sydney M. Peterson, Secretary

________________________________

Date Approved

02 November 2012 ITEM FOR ACTION RE: Faculty and Staff Adjustments

The attached faculty and staff adjustments are submitted for the Trustees consideration. They have received the appropriate administrative review and approval.

EXECUTIVE SUMMARY The faculty and staff adjustments include six (6) changes in title or assignment. RECOMMENDATION The President and Provost recommend that the Board of Trustees approve the attached faculty and staff adjustments.

RESOLUTION UTAH STATE UNIVERSITY BOARD OF TRUSTEES

WHEREAS, The President and the Provost recommend that the Board of Trustees approve six (6) changes in title or assignment; NOW, THEREFORE, BE IT RESOLVED, That the USU Board of Trustees hereby approve the recommendation of the faculty and staff adjustments. RESOLUTION APPROVED BY THE USU BOARD OF TRUSTEES: Date

02 November 2012

Faculty and Staff Adjustments a. Change in Title or Assignment

Office of the Executive Vice President and Provost Travis R. Peterson, Associate Vice Provost and Executive Director of Academic Program Development, Regional Campuses and Distance Education, and Associate Professor, Department of Health, Physical Education, and Recreation, to be Vice Provost and Associate Professor of the same; effective 1 September, 2012. No change in salary. Robert W. Wagner, Associate Vice Provost and Executive Director of Distance Education, Regional Campuses and Distance Education, to be Vice Provost; effective 1 September, 2012. Salary to be $135,000/12-month. John S. Louviere, Instructional Designer Senior, to be Director for the Center for Innovative Design (formerly FACT); replacing Robert Wagner; effective 1 September 2012. Salary to be $82,000/12-month. Jon M. Huntsman School of Business Christopher Fawson, Professor, Department of Economics and Finance, Jon M. Huntsman School of Business, was awarded the Dr. Vernon Maughan Buehler and MaRee C. Buehler Endowed Professorship, fiscal years 2012-2017. No change in salary. College of Humanities and Social Sciences Robert T. Behunin, Vice President for Commercialization and Regional Development, to also be Professor with tenure, Department of English, College of Humanities and Social Sciences; effective 1 July 2012. No change in salary. College of Engineering Jagath J. Kaluarachchi, Associate Dean, College of Engineering, and Professor, Civil and Environmental Engineering, to be Senior Associate Dean and Professor of the same; effective 1 July 2012. Salary to be $150,000/12-month.

2 November 2012

ITEM FOR ACTION

RE: Certificate of Treasurer for June 2012

The attached Certificate of Treasurer for June 2012 is submitted for the Trustees

consideration. It has received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The State Appropriated Funds budget at 30 June 2012 totaled $299,453,405, up $7,112,338

(2.43%) over the same 2010-2011 period. The year-to-date state appropriated funds

expenditures totaled $262,759,407, up $9,353,865 (3.69%) over the same 2010-2011 period and

represented 88% of the total budget. The percent of budget expended, 88%, was 12% less than

would be expected to be spent on a strict time of budget year expired basis.

Total expenditures for all funds totaled $638,222,543, up $15,010,992 (2.41%) over the same

2010-2011 period.

RECOMMENDATION

The President and Vice President for Business and Finance recommend that the Board of

Trustees approve the Certificate of Treasurer for June 2012.

RESOLUTION

UTAH STATE UNIVERSITY

BOARD OF TRUSTEES

WHEREAS, Authorized invoices and supporting papers have been filed pertaining to those

expenditures listed on the attached Certificate of Treasurer; and

WHEREAS, Expenditures listed on the attached Certificate of Treasurer have been reviewed and

approved for payment by the Utah State University Controller's Office, Purchasing Department,

and other departments; and

WHEREAS, The expenditures listed on the attached Certificate of Treasurer are in accordance

with the laws and rules of Utah State University and the State of Utah; and

WHEREAS, The Chief Financial Officer for Utah State University, David T. Cowley, Vice

President for Business and Finance, has certified to the best of his knowledge and belief that all

expenditures listed on the attached Certificate of Treasurer were legitimate claims against Utah

State University and funds were available for payment of said claims; and

WHEREAS, Vice President Cowley requests approval of the listed expenditures by fund for the

period 1 June 2012 to 30 June 2012 on the attached Certificate of Treasurer; and

WHEREAS, The President of Utah State University has reviewed the attached Certificate of

Treasurer and recommends its approval of those expenditures listed thereon by the Utah State

University (USU) Board of Trustees; and

WHEREAS, The USU Board of Trustees has reviewed and given due consideration, review, and

authorization of the expenditures listed on the attached Certificate of Treasurer;

NOW, THEREFORE, BE IT RESOLVED, That the USU Board of Trustees hereby approves the

attached Certificate of Treasurer as presented and ratifies the expenditures listed on said

Certificate of Treasurer for June 2012.

=====================================================================

RESOLUTION APPROVED BY THE USU BOARD OF TRUSTEES:

___________________

Date

I, David T. Cowley, Vice President for Business and Finance, of Utah State University, do hereby certify as follows and request approval of the listed expenditures by fund for

the period 1 July 2011 to 30 June 2012.

Authorization, invoices, and supporting papers have been filed pertaining to the following enumerated expenditures, which have been reviewed and processed for payment by the

Controller's Office, Purchasing Department, and other departments; according to the laws, rules, and regulations of Utah State University and the State of Utah. To the best of my

knowledge and belief, all are legitimate claims against Utah State University and funds were available for payment of said claims.

Increase

(Decrease)

1-Jun-12 Prior Year from Prior

State Appropriated Funds Budget 30-Jun-12 Year to Date to Date Year

Education and General (Except Athletics) $181,394,855 93% $13,787,503 $169,516,329 $163,232,415 $6,283,914 3.85 %

Athletics 4,480,931 100% 401,912 4,480,931 4,015,757 465,174 11.58 %

Agricultural Experiment Station 15,319,154 76% 1,052,516 11,639,340 11,406,715 232,625 2.04 %

UWRL Appropriation 3,058,801 42% 187,828 1,283,711 1,802,197 (518,486) (28.77) %

UWRL Apportionment 5,556,182 60% 283,980 3,342,254 3,293,809 48,445 1.47 %

Tooele - Cont. Ed. Center 11,196,284 84% 850,580 9,374,035 8,804,314 569,721 6.47 %

Educationally Disadvantaged 260,403 97% 15,104 252,329 263,563 (11,234) (4.26) %

Southeastern Utah - Cont. Ed. Center 1,856,405 83% 126,987 1,547,954 1,473,614 74,340 5.04 %

Uintah Basin - Cont. Ed. Center 6,066,906 80% 438,868 4,835,394 4,571,120 264,274 5.78 %

Cooperative Extension 13,954,548 82% 1,155,492 11,403,854 11,408,030 (4,176) (0.04) %

Brigham City - Cont. Ed. Center 24,191,760 85% 1,694,975 20,636,838 17,093,255 3,543,583 20.73 %

USTAR 10,436,000 64% 600,214 6,646,786 8,332,530 (1,685,744) (20.23) %

Price (USU Eastern) 15,943,423 81% 1,153,189 12,882,151 12,815,484 66,667 0.52 %

Blanding Campus (USU Eastern) 3,646,008 91% 406,566 3,303,257 3,329,564 (26,307) (0.79) %

Educationally Disadvantaged (USU Eastern) 113,602 90% 3,482 102,379 98,835 3,544 3.59 %

Prehistoric Museum (USU Eastern) 396,596 64% 24,625 253,458 230,356 23,102 10.03 %

Workforce Education (USU Eastern) 1,581,547 80% 127,981 1,258,407 1,233,984 24,423 1.98 %

Total State Appropriated Funds $299,453,405 88% 22,311,802 262,759,407 253,405,542 9,353,865 3.69 %

Total State Appropriated Funds 2010-2011 $292,341,067

Increase from 2010-2011 $7,112,338

Percent Increase from 2010-2011 2.43%

Percent of

Budget

Expended

(100% Fiscal

CERTIFICATE OF TREASURER

Year Expired)

Percent

Increase

(Decrease)

from Prior

Year

PRELIMINARY

2 November 2012

ITEM FOR ACTION

RE: Certificate of Treasurer for July 2012

The attached Certificate of Treasurer for July 2012 is submitted for the Trustees


EXECUTIVE SUMMARY

The State Appropriated Funds budget at 31 July 2012 totaled $308,020,105, up $8,566,700

(2.86%) over the same 2011-2012 period. The year-to-date state appropriated funds

expenditures totaled $22,333,202, up $2,093,666 (10.34%) over the same 2011-2012 period and

represented 7% of the total budget. The percent of budget expended, 7%, was 1% less than

would be expected to be spent on a strict time of budget year expired basis.

Total expenditures for all funds totaled $49,443,253, up $4,057,483 (8.94%) over the same 2011-

2012 period.

RECOMMENDATION


Trustees approve the Certificate of Treasurer for July 2012.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, Authorized invoices and supporting papers have been filed pertaining to those

expenditures listed on the attached Certificate of Treasurer; and

WHEREAS, Expenditures listed on the attached Certificate of Treasurer have been reviewed and

approved for payment by the USU Controller's Office, Purchasing Department, and other

departments; and

WHEREAS, The expenditures listed on the attached Certificate of Treasurer are in accordance

with the laws and rules of Utah State University and the State of Utah; and


President for Business and Finance, has certified to the best of his knowledge and belief that all

expenditures listed on the attached Certificate of Treasurer were legitimate claims against Utah

State University and funds were available for payment of said claims; and

WHEREAS, Vice President Cowley requests approval of the listed expenditures by fund for the

period 1 July 2012 to 31 July 2012 on the attached Certificate of Treasurer; and

WHEREAS, The President of Utah State University has reviewed the attached Certificate of

Treasurer and recommends its approval of those expenditures listed thereon by the Utah State

University Board of Trustees; and


authorization of the expenditures listed on the attached Certificate of Treasurer;


attached Certificate of Treasurer as presented and ratifies the expenditures listed on said

Certificate of Treasurer for July 2012.

=====================================================================


___________________

Date

I, David T. Cowley, Vice President for Business and Finance, of Utah State University, do hereby certify as follows and request approval of the listed expenditures by fund for

the period 1 July 2012 to 31 July 2012.

Authorization, invoices, and supporting papers have been filed pertaining to the following enumerated expenditures, which have been reviewed and processed for payment by the

Controller's Office, Purchasing Department, and other departments; according to the laws, rules, and regulations of Utah State University and the State of Utah. To the best of my

knowledge and belief, all are legitimate claims against Utah State University and funds were available for payment of said claims.

Increase

(Decrease)

1-Jul-12 Prior Year from Prior

State Appropriated Funds Budget 31-Jul-12 Year to Date to Date Year

Education and General (Except Athletics) $186,812,636 8% $14,775,842 $14,775,842 $13,907,794 $868,048 6.24 %

Athletics 4,561,741 8% 380,001 380,001 363,841 16,160 4.44 %

Agricultural Experiment Station 15,532,779 6% 955,213 955,213 910,117 45,096 4.95 %

UWRL Appropriation 3,498,946 3% 112,004 112,004 99,117 12,887 13.00 %

UWRL Apportionment 5,650,679 5% 290,117 290,117 303,438 (13,321) (4.39) %

Tooele - Cont. Ed. Center 11,141,051 7% 832,804 832,804 862,893 (30,089) (3.49) %

Educationally Disadvantaged 265,674 9% 24,951 24,951 13,598 11,353 83.49 %

Southeastern Utah - Cont. Ed. Center 1,926,922 4% 78,450 78,450 82,243 (3,793) (4.61) %

Uintah Basin - Cont. Ed. Center 6,501,938 7% 443,653 443,653 327,025 116,628 35.66 %

Cooperative Extension 14,308,640 7% 1,053,597 1,053,597 991,711 61,886 6.24 %

Brigham City - Cont. Ed. Center 26,218,347 8% 2,028,325 2,028,325 939,710 1,088,615 115.85 %

USTAR 9,800,000 1% 62,703 62,703 176,934 (114,231) (64.56) %

Price (USU Eastern) 15,911,691 6% 908,585 908,585 921,737 (13,152) (1.43) %

Blanding Campus (USU Eastern) 3,744,551 7% 266,181 266,181 215,896 50,285 23.29 %

Educationally Disadvantaged (USU Eastern) 115,559 6% 7,100 7,100 11,700 (4,600) (39.32) %

Prehistoric Museum (USU Eastern) 388,903 7% 27,135 27,135 18,053 9,082 50.31 %

Workforce Education (USU Eastern) 1,640,048 5% 86,541 86,541 93,729 (7,188) (7.67) %

Total State Appropriated Funds $308,020,105 7% 22,333,202 22,333,202 20,239,536 2,093,666 10.34 %

Total State Appropriated Funds 2011-2012 $299,453,405

Increase from 2011-2012 $8,566,700

Percent Increase from 2011-2012 2.86%

Percent of

Budget

Expended

(8% Fiscal

CERTIFICATE OF TREASURER

Year Expired)

Percent

Increase

(Decrease)

from Prior

Year

2 November 2012

ITEM FOR ACTION

RE: Report of Investments for June 2012

The attached Report of Investments for June 2012 is submitted for the Trustees


EXECUTIVE SUMMARY

This set of investment reports presents investment activity for June 2012 and comparative year-

to-date totals for FY 2011-2012 and FY 2010-2011; investment portfolios at 30 June

2012; and Summary of Total Investment Returns for the quarter ended 30 June 2012 and year-to-

date 1 July 2011 to 30 June 2012.

CASH MANAGEMENT INVESTMENT POOL

The average daily fair value invested during June 2012 was $253,034,405, down $16,461,716

from May 2012. Total investment income was $544,382, down $636,377 from May 2012,

reflecting the decrease in the amount available for investing and a decrease in total investment

return. The annualized total investment return was 2.58%, down 2.51% from May 2012.

Year-to-date numbers show that the average daily fair value invested for FY 2011-2012 was

$265,643,741, up $14,212,442 (5.65%) over FY 2010-2011. Total interest income for FY 2011-

2012 amounted to $9,296,582, down $430,265 (4.42%) from FY 2010-2011, reflecting an

increase in the amount available for investing and a decrease in interest rates.

The total amount invested at 30 June 2012 was $253,362,326, up $20,798,960 (8.94%) over 30

June 2011. Unrealized gains at 30 June 2012 were $1,038,226.

ENDOWMENT POOL

The average daily fair value invested during June 2012 was $103,092,170, down $721,789 from

May 2012. Interest and dividend income of $557,317 plus net realized gains of $4,396 totaled

$561,713 in realized income for the month.


$98,489,564, up $5,357,057 (5.75%) over FY 2010-2011. Total realized income for FY 2011-

2012 was $3,203,012, up $237,733 (8.02%) over FY 2010-2011. This increase resulted from

$213,394 more in interest and dividends and $24,339 more net realized gains during FY 2011-

2012.

The total amount invested at 30 June 2012 was $104,220,578 up $3,151,460 (3.12%) over 30


OTHER INVESTMENTS


May 2012. Interest and dividend income of $71,920 plus net realized gains of $232,586 totaled

$304,506 in realized income for the month.


$18,448,779, up $727,784 (4.11%) over FY 2010-2011. Total realized income for FY 2011-

2012 was $645,773, down $687,439 (51.56%) from FY 2010-2011. This decrease resulted from

$3,587 less in interest and dividend income and $683,852 less in net realized gains during FY

2011-2012.

The total amount invested at 30 June 2012 was $21,250,949, up $4,730,668 (28.64%) from 30


ENDOWMENT TRUSTS

The average daily fair value invested during June 2012 was $7,149,484 up $42,437 over May

2012. Interest and dividend income totaled $28,482 in realized income for the month.


$7,003,022, up $535,582 (8.28%) over FY 2010-2011. Total realized income for FY 2011-2012

was $447,343, up $233,769 (109.46%) over FY 2010-2011. This increase resulted from $770

less interest and dividend income and $234,539 more net realized gains during FY 2011-2012.

The total amount invested at 30 June 2012 was $7,347,265, up $116,408 (1.61%) over 30 June

2011. Unrealized gains at 30 June 2012 were $845,570.

PLANT FUND TRUSTS


May 2012. Interest income totaled $9,795 in realized income for the month.


$2,771,693, down $1,145,154 (29.24%) from FY 2010-2011. Total realized income for FY

2011-2012 was $127,841, up $21,533 (20.26%) over FY 2010-2011. This increase reflects the

decreased amount available for investing and an increase in the rate of return.

The total amount invested at 30 June 2012 was $2,392,316, down $176,603 (6.87%) from 30

June 2011. Unrealized gains at 30 June 2012 were $109,049.

SUMMARY OF INVESTMENT TRANSACTIONS

The University’s average daily fair value invested for the month of June was $386,726,577.

Purchases totaled $20,622,842 and sales totaled $34,259,712. From this activity the University

realized net gains of $236,982 and earnings of $1,326,437.

SUMMARY OF TOTAL INVESTMENT RETURNS

The Endowment Pool composite benchmark is established based on the asset allocation of the

Endowment Pool. At 30 June 2012 the Endowment Pool asset allocation was 21.98% cash,

21.72% fixed income, 56.30% equities. The benchmarks used include the Utah State Public

Treasurer’s Investment Fund, Barclay’s Capital U.S. Aggregate Bond Index, and the S&P 500

Index. The composite benchmark for the Endowment Pool at 30 June 2012 was 3.57%

The Endowment Pool fiscal year-to-date annualized rate of return including market fluctuations

was 2.25% at 30 June 2012. The Endowment Pool underperformed its benchmark by 132 bp

year-to-date at 30 June 2012.

The Cash Management Investment Pool fiscal year-to-date annualized rate of return including

market fluctuations was 4.74% at 30 June 2012. The benchmark for the Cash Management

Investment Pool is the Utah Public Treasurer’s Investment Fund (PTIF). The PTIF fiscal year-

to-date annualized rate of return was 0.71% at 30 June 2012. The Cash Management Investment

Pool outperformed its benchmark by 403 bp year-to-date at 30 June 2012.

ENDOWMENT FUNDS

The fair value of invested endowment funds at 30 June 2012 was $223.7 million, up $0.5 million

(0.22%) over 31 March 2012. This increase includes the change in fair value, and new gifts

received through 30 June 2012.

Year-to-date, the endowment funds have increased $9.8 million (4.58%) from 30 June 2011.

Endowment funds are currently invested 36.50% in the Endowment Pool, 50.76% in the Cash

Management Investment Pool, 3.28% in the various Endowment Trusts and 9.46% in Other

Investments.

RECOMMENDATION


Trustees approve the Report of Investments for June 2012.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, The attached Report of Investments containing authorized transactions,

documentation, and supporting papers has been filed for review by the Board of Trustees

pertaining to the investment activities; and

WHEREAS, The investment transactions listed on the attached Report of Investments have been

approved by the Utah State University Controller’s Office; and

WHEREAS, The investment activities listed on the attached Report of Investments are in

accordance with the Utah State Money Management Act, the rules of the Utah State Money

Management Council, the Utah State Uniform Prudent Management of Institutional Funds Act,

and the laws and rules of Utah State University and the State of Utah; and


President for Business and Finance, has certified to the best of his knowledge and belief all

investment transactions listed on the attached Report of Investments were made in accordance

with the guidelines, rules, and laws; and

WHEREAS, Vice President Cowley requests approval of the attached Report of Investments for

the period 1 June 2012 to 30 June 2012 and comparative year-to-date totals for the periods 1 July

2011 to 30 June 2012 and 1 July 2010 to 30 June 2011, and the investment portfolios at 30 June

2012; and

WHEREAS, The President of Utah State University has reviewed the attached report and

recommends its approval by the Utah State University (USU) Board of Trustees; and


authorization of the investment transactions listed on the attached Report of Investments for the

period 1 June 2012 to 30 June 2012 and comparative year-to-date totals for the periods 1 July

2011 to 30 June 2012 and 1 July 2010 to 30 June 2011 and the investment portfolios at 30 June

2012;


attached Report of Investments as presented and ratifies the transactions listed on said Report of

Investments for June 2012.

=====================================================================


__________________________________

Date



SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule A-1

Change Average Total Less Net

Beginning Sales in Ending Daily Interest Service Interest

Fair Value Purchases Proceeds Fair Value Fair Value Fair Value Income Charges Income

Jul 2011 $232,563,366 $18,000,000 $15,000,000 $2,530,313 $238,093,679 $236,989,940 $785,176 $0 $785,176

Aug 2011 238,093,679 59,016,450 20,281,714 1,065,309 277,893,724 242,665,554 838,503 (30) 838,533

Sep 2011 277,893,724 34,612,088 36,519,316 (10,173) 275,976,323 270,043,097 812,789 (45) 812,834

Oct 2011 275,976,323 20,122,861 28,000,000 (1,371,028) 266,728,156 265,542,741 818,435 (149) 818,584

Nov 2011 266,728,156 0 6,000,000 270,247 260,998,403 260,779,019 778,974 559 778,415

Dec 2011 260,998,403 17,000,000 16,000,000 286,656 262,285,059 252,746,761 784,872 1,159 783,713

Jan 2012 262,285,059 65,995,485 32,000,000 406,477 296,687,021 287,261,871 805,645 (44) 805,689

Feb 2012 296,687,021 72,272,750 76,405,121 (635,579) 291,919,071 293,596,603 823,982 0 823,982

Mar 2012 291,919,071 29,684,550 34,987,500 (514,632) 286,101,489 283,328,827 698,398 (25) 698,423

Apr 2012 286,101,489 9,976,600 24,136,800 977,459 272,918,748 272,239,950 723,128 621 722,507

May 2012 272,918,748 28,682,950 34,961,991 413,002 267,052,709 269,496,121 767,757 909 766,848

Jun 2012 267,052,709 18,000,000 31,575,842 (114,541) 253,362,326 253,034,405 658,923 1,536 657,387

$232,563,366 $373,363,734 $355,868,284 $3,303,510 $253,362,326 $265,643,741 $9,296,582 $4,491 $9,292,091

Comparative Totals:

Year-to-date

FY 2011-12 $232,563,366 $373,363,734 $355,868,284 $3,303,510 $253,362,326 $265,643,741 $9,296,582 $4,491 $9,292,091

FY 2010-11 216,853,500 321,528,650 302,648,502 (3,170,282) 232,563,366 251,431,299 9,726,847 2,731 9,724,116

Amt Change 20,798,960 14,212,442 (430,265) 1,760 (432,025)

% Change 8.94% 5.65% -4.42% 64.45% -4.44%

Note: The Cash Management Investment Pool includes cash of all funds over estimated daily operating requirements.


CASH MANAGEMENT INVESTMENT POOL PORTFOLIO Schedule A-1-A

30 June 2012 Page 1 of 2

Interest Date Maturity Fair Unrealized

Rate Acquired Date Cost Value Gain/(Loss)

Money Market

Bank of Utah - Public Treasurer Acct 0.760% $2,100,000 $2,100,000 $0

Cache Valley Bank 0.850% 10,000,000 10,000,000 0

12,100,000 12,100,000 0

Public Treasurers' Investment Fund

Utah Public Treasurers' Investment Fund 0.779% 8,100,000 8,100,000 0

8,100,000 8,100,000 0

Time Certificates of Deposit

Wells Fargo Bank 5.180% 08/25/08 07/25/12 5,000,000 5,000,000 0

Wells Fargo Bank 5.230% 08/21/08 08/21/12 7,000,000 7,000,000 0

Wells Fargo Bank 5.300% 08/15/08 09/15/12 7,000,000 7,000,000 0

Wells Fargo Bank 5.420% 10/15/07 10/15/12 5,000,000 5,000,000 0

Wells Fargo Bank 4.220% 02/05/08 02/05/13 8,000,000 8,000,000 0

Wells Fargo Bank 5.330% 12/14/07 06/14/13 15,000,000 15,000,000 0

Wells Fargo Bank 5.230% 12/19/07 06/19/13 10,000,000 10,000,000 0

Wells Fargo Bank 4.320% 01/22/08 07/22/13 9,000,000 9,000,000 0

Wells Fargo Bank 4.650% 02/19/08 08/19/13 5,000,000 5,000,000 0

Wells Fargo Bank 5.130% 01/08/09 12/08/13 5,000,000 5,000,000 0

76,000,000 76,000,000 0

Commercial Paper and Corporate Notes

Bank of America 1.9700% 03/15/12 03/01/13 5,196,750 5,136,185 (60,565)

ING Bank 1.7100% 05/03/12 10/18/13 10,700,000 10,643,568 (56,432)

Barclays Bank 1.6600% 05/07/12 01/13/14 4,987,900 5,005,275 17,375

Credit Suisse 1.5000% 05/24/12 01/14/14 4,995,050 5,005,290 10,240

UBS AG Stamford 1.8200% 03/29/12 01/28/14 9,946,150 9,945,120 (1,030)

Bank of America 2.9500% 03/20/12 01/30/14 4,904,750 4,947,775 43,025

Goldman Sachs Inc 2.6300% 03/02/12 02/07/14 9,784,500 9,880,510 96,010

50,515,100 50,563,723 48,623

Description


CASH MANAGEMENT INVESTMENT POOL PORTFOLIO Schedule A-1-A


Interest Date Maturity Fair Unrealized

Rate Acquired Date Cost Value Gain/(Loss)

Obligations of U. S. Government

Federal Farm Credit FFCB 3.940% 08/24/11 08/24/26 $5,000,000 $5,014,180 $14,180

Federal Home Loan Bank 3.800% 09/14/11 09/14/26 7,000,000 7,020,629 20,629

Fannie Mae FNMA 2.500%-6.500% 12/28/11 12/28/26 5,000,000 5,019,260 19,260

Fannie Mae FNMA 2.250%-6.000% 01/25/12 01/25/27 10,000,000 10,068,610 68,610

Fannie Mae FNMA 2.125%-6.000% 01/25/12 01/25/27 5,000,000 5,010,450 10,450

Fannie Mae FNMA 1.250%-6.500% 01/25/12 01/25/27 7,000,000 7,013,902 13,902

Freddie Mac FHLMC 2.500%-6.000% 01/27/12 01/25/27 5,000,000 4,947,085 (52,915)

Freddie Mac FHLMC 3.000%-6.000% 02/01/12 02/01/27 10,000,000 10,043,440 43,440


Federal Home Loan Bank 2.000%-10.000% 02/23/12 02/23/27 4,990,000 5,012,405 22,405

Federal Home Loan Bank 2.000%-10.000% 02/23/12 02/23/27 6,987,750 7,007,028 19,278

Federal Home Loan Bank 2.000%-6.500% 02/23/12 02/23/27 6,656,250 6,626,723 (29,527)

Fannie Mae FNMA 2.000%-6.000% 06/28/12 06/28/27 10,000,000 9,969,730 (30,270)


92,279,000 92,457,427 178,427

Municipal Bonds

West Valley City Bonds 4.850% 10/20/10 11/01/15 985,000 987,197 2,197

West Valley City Bonds 4.850% 10/20/10 11/01/16 1,050,000 1,052,341 2,341






Beaver County School Bond 5.500% 02/01/11 02/01/27 5,000,000 5,792,600 792,600

13,330,000 14,141,176 811,176

Total Cash Management Investment Pool $252,324,100 $253,362,326 $1,038,226

Description



SUMMARY OF INVESTMENT TRANSACTIONS AND PERFORMANCE

For the Month of June 2012 Schedule A-2

Change Total Average Annualized

Sales in Investment Daily Total Investment

Purchases Cost Receipts Earnings Fair Value Income Fair Value Return

Wells Fargo - Sweep Account $14 $14 0.00%

Money Market Account $2,100,000 $2,100,000 8,305 8,305 $12,100,000 0.82%

Utah Public Treasurers'

Investment Fund $8,000,000 5,000,000 5,000,000 1,795 1,795 2,766,666 0.78%

Time Certificates of Deposit 317,083 317,083 76,000,000 5.01%

Commercial Paper and

Corporate Notes 5,100,000 5,100,000 83,404 $194,737 278,141 50,515,100 6.61%

Obligations of U. S. Government 10,000,000 19,375,842 19,375,842 192,513 (198,632) (6,119) 98,322,639 -0.07%

Municipal Bonds 55,809 (110,646) (54,837) 13,330,000 -4.94%

Total $18,000,000 $31,575,842 $31,575,842 $658,923 ($114,541) $544,382 $253,034,405 2.58%


SUMMARY OF CASH MANAGEMENT INVESTMENT POOL TRANSACTIONS Schedule FSchedule A-3

For the Month of June 2012

Purchases Sales

Shares Cost Shares Cost Receipts Gain/(Loss) Earnings

Cash Management Investment Pool

Wells Fargo - Sweep Account $14

Money Market Account $2,100,000 $2,100,000 $0 8,305


Investment Fund $8,000,000 5,000,000 5,000,000 0 1,795

Time Certificates of Deposit 317,083

Commercial Paper & Corporate Notes 5,100,000 5,100,000 0 83,404

Obligations of U. S. Government 10,000,000 19,375,842 19,375,842 0 192,513

Municipal Bonds 55,809

Total Cash Management Investment Pool $18,000,000 $31,575,842 $31,575,842 $0 $658,923


ENDOWMENT POOL

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule B-1

Change Average Total Realized Total Net

Beginning Sales in Ending Daily Interest and Gain or Realized Less Realized

Fair Value Purchases Proceeds Fair Value Fair Value Fair Value Dividends (Loss) Income Expenses Income/(Loss)

*Jul 2011 $98,330,666 $689,960 $620,973 ($483,233) $97,916,420 $98,123,543 $247,240 $4,605 $251,845 $26,737 $225,108

Aug 2011 97,916,420 298,695 281,325 (3,840,476) 94,093,314 96,004,867 117,422 4,365 121,787 7,653 114,134

Sep 2011 94,093,314 310,214 271,644 (4,565,053) 89,566,831 91,830,073 97,317 3,926 101,243 13,183 88,060

Oct 2011 89,566,831 3,885,256 3,281,802 5,040,205 95,210,490 92,388,661 335,463 (1,624) 333,839 11,635 322,204

Nov 2011 95,210,490 2,036,613 1,957,740 (646,236) 94,643,127 94,926,809 156,550 15,600 172,150 8,860 163,290

Dec 2011 94,643,127 2,177,808 1,622,811 (340,183) 94,857,941 94,750,534 340,932 4,331 345,263 11,427 333,836

Jan 2012 94,857,941 2,848,678 638,118 2,964,092 100,032,593 97,445,267 334,993 4,500 339,493 31,184 308,309

Feb 2012 100,032,593 348,930 145,807 2,597,484 102,833,200 101,432,897 295,012 4,365 299,377 9,619 289,758

Mar 2012 102,833,200 221,534 81,856 844,435 103,817,313 103,325,257 197,389 4,726 202,115 13,598 188,517

Apr 2012 103,817,313 2,121,589 47,206 (227,541) 105,664,155 104,740,734 315,831 4,550 320,381 10,022 310,359

May 2012 105,664,155 297,981 225,218 (3,773,156) 101,963,762 103,813,959 149,359 4,447 153,806 10,155 143,651

Jun 2012 101,963,762 1,019,589 545,438 1,782,665 104,220,578 103,092,170 557,317 4,396 561,713 23,619 538,094

$98,330,666 $16,256,847 $9,719,938 ($646,997) $104,220,578 $98,489,564 $3,144,825 $58,187 $3,203,012 $177,692 $3,025,320

Comparative Totals:

Year-to-date

FY 2011-12 $98,330,666 $16,256,847 $9,719,938 ($646,997) $104,220,578 $98,489,564 $3,144,825 $58,187 $3,203,012 $177,692 $3,025,320

FY 2010-11 80,490,686 27,944,268 18,930,177 11,564,341 101,069,118 93,132,507 2,931,431 33,848 2,965,279 158,830 2,806,449

Amt Change 3,151,460 5,357,057 213,394 24,339 237,733 18,862 218,871

% Change 3.12% 5.75% 7.28% 71.91% 8.02% 11.88% 7.80%

Note: The Endowment Pool includes endowment funds designated for long-term investment. Included in this pool are endowment funds invested in the University's Cash

Management Investment Pool (CMIP) consisting of $22,837,449 principal beginning balance, a $22,606,217 ending balance, and a $22,701,383 average daily balance for the

current month. Current month interest and dividends from the CMIP were $59,164 bringing the total to $759,288 year-to-date. These amounts have also been reported in

Schedules A-1 and A-2.

*The July beginning fair value has been adjusted to reflect the amount distributed to expendable accounts at fiscal year end.


ENDOWMENT POOL

INVESTMENT PERFORMANCE Schedule B-1-A

Fair Value Per Unit

Total Number Beginning End of Percent Net Earnings

of Units of Month Month Change Earnings Per Unit

July 2011 502,479.40 195.6909 $194.8665 -0.42% $247,240 $0.4920

August 2011 502,479.40 194.8665 187.2581 -3.90% 117,422 0.2337

September 2011 502,479.40 187.2581 178.2498 -4.81% 97,317 0.1937

October 2011 503,362.81 178.2498 189.1488 6.11% 335,463 0.6664

November 2011 503,362.81 189.1488 188.0217 -0.60% 156,550 0.3110

December 2011 503,362.81 188.0217 188.4485 0.23% 340,932 0.6773

January 2012 512,678.14 188.4485 195.1177 3.54% 334,993 0.6534

February 2012 512,678.14 195.1177 200.5804 2.80% 295,012 0.5754

March 2012 512,678.14 200.5804 202.5000 0.96% 197,389 0.3850

April 2012 520,860.13 202.5000 202.8647 0.18% 315,831 0.6064

May 2012 520,860.13 202.8647 195.7604 -3.50% 149,359 0.2868

June 2012 520,860.13 195.7604 200.0932 2.21% 557,317 1.0700


ENDOWMENT POOL PORTFOLIO Schedule B-2-ASchedule B-1-B


Face Number Interest Date Maturity Fair Unrealized

Description Value of Shares Rate Acquired Date Cost Value Gain/(Loss)

Cash Management Investment Pool $22,586,521 $22,586,521 $0

Total Cash Management Investment Pool 22,586,521 22,586,521 0

Equities

Wells Fargo Advantage Index Fund #88 142,750.121 6,967,192 6,616,468 (350,724)

UTS SPDR Trust Ser 1 (SPY) 46,989.000 3,983,736 6,395,438 2,411,702

Total Equities 10,950,928 13,011,906 2,060,978

Mutual Funds

High Yield Bond Fund - Administrator Class 1,914,420.953 5,867,751 5,972,993 105,242

Multi-Strategy Bond Fund 347,859.914 4,289,807 5,102,747 812,940

Multi-Strategy Equity Fund 213,148.004 26,993,084 41,382,498 14,389,414

PIMCO - Diversified Income Inst. 572,152.080 6,548,002 6,751,394 203,392

Total Mutual Funds 43,698,644 59,209,632 15,510,988

Alternatives

Commonfund

CEP VII 481,803 541,487 59,684

CEP VIII 60,000 71,744 11,744

CNR VIII 552,754 647,266 94,512

PENN Capital

PENN Core High Yield Bond Fund II, L.P. 4,819,713 4,819,713 0

Solamere Capital

Solamere Founders Fund I, LP 1,319,709 1,387,652 67,943

TIAA-CREF

TIAA-CREF Core Property 1,682.583 1,140,898 729,903 (410,995)

Cash 8,702 8,702 0


ENDOWMENT POOL PORTFOLIO Schedule B-2-ASchedule B-1-B



Description Value of Shares Rate Acquired Date Cost Value Gain/(Loss)

Woodbury

Woodbury Strategic Partners Fund, L.P. $841,413 $781,742 ($59,671)

WSP Centre Point Co-Investors, LLC 150,000 104,481 (45,519)

Total Alternatives 9,374,992 9,092,690 (282,302)

Receivable

Wells Fargo - Custody 32,341 32,341 0

Wells Fargo - Growth & Income 56,688 56,688 0

Commonfund 210,966 210,966 0

Woodbury Strategic Partners Fund, L.P. 19,834 19,834 0

Total Money Market Funds 319,829 319,829 0

Total Endowment Pool $86,930,914 $104,220,578 $17,289,664


SUMMARY OF ENDOWMENT POOL TRANSACTIONS Schedule FSchedule B-2


Purchases Sales


Endowment Pool Transactions


Utah State University $63,150 $344,379 $344,379 $0 $59,164

CMIP Interest 59,164

Wells Fargo Receivable 28,863 28,863 0

Equities

Wells Fargo Advantage Index Fund #88 244,516

UTS SPDR Trust Ser 1 (SPY) 13,110

Mutual Funds

High Yield Bond Fund - Administrator Class 10,881.862 33,951 33,951

Multi-Strategy Bond Fund 70.023 811 1,027 216 17,242

Multi-Strategy Equity Fund 30.291 1,701 5,881 4,180 84,600

PIMCO - Diversified Income Inst. 2,264.292 26,719 26,719

Alternatives

Commonfund

CEP VII 42,500 34,197 34,197 0

CNR VIII 101,250 107,232 107,232 0 (5,641)

PENN Capital

PENN Core High Yield Bond Fund II, L.P. 81,017 2,372 2,372 0 81,017

Solamere Capital

Solamere Founders Fund I, LP 175,000

TIAA-CREF

TIAA-CREF Core Property 7,327 0.283 2,500

Cash 2,500 659 659 0

Woodbury

Woodbury Strategic Partners Fund, L.P. 104,049 17,605 17,605 0 (4,726)

WSP Centre Point Co-Investors, LLC 4,865

Money Market Funds

Advantage Cash #451 1,544 1,544 1,544 0

Advantage Cash #451 1,589 1,679 1,679 0

Receivable

Wells Fargo - Custody 32,341

Wells Fargo - Growth & Income 56,688

Commonfund 210,966

Woodbury Strategic Partners Fund, L.P. 19,834

Total Endowment Pool Transactions $1,019,589 $541,042 $545,438 $4,396 $557,317


OTHER INVESTMENTS

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule C-1

Change Average Total Realized Total

Beginning Sales in Ending Daily Interest and Gain or Realized

Fair Value Purchases Proceeds Fair Value Fair Value Fair Value Dividends (Loss) Income

Jul 2011 $16,520,281 $23,945 $112,911 ($21,068) $16,410,247 $16,465,264 $30,940 $854 $31,794

Aug 2011 16,410,247 26,055 12,205 (617,766) 15,806,331 16,108,289 30,953 1,010 31,963

Sep 2011 15,806,331 16,237 3,092 (860,316) 14,959,160 15,382,746 21,801 983 22,784

Oct 2011 14,959,160 1,014,401 5,430 876,375 16,844,506 15,901,833 27,584 954 28,538

Nov 2011 16,844,506 1,011,249 1,022,332 (123,438) 16,709,985 16,777,246 27,610 1,047 28,657

Dec 2011 16,709,985 3,010,320 159,077 (56,098) 19,505,130 18,107,558 37,875 (414) 37,461

Jan 2012 19,505,130 39,424 2,682,690 550,487 17,412,351 18,458,741 29,658 60 29,718

Feb 2012 17,412,351 3,007,730 8,607 492,135 20,903,609 19,157,980 29,658 1,007 30,665

Mar 2012 20,903,609 1,251,724 595,379 (34,387) 21,525,567 21,214,588 23,006 992 23,998

Apr 2012 21,525,567 38,344 21,975 (3,313) 21,538,623 21,532,095 45,642 1,036 46,678

May 2012 21,538,623 51,122 9,042 (696,481) 20,884,222 21,211,423 27,992 1,019 29,011

Jun 2012 20,884,222 667,349 541,220 240,598 21,250,949 21,067,586 71,920 232,586 304,506

$16,520,281 $10,157,900 $5,173,960 ($253,272) $21,250,949 $18,448,779 $404,639 $241,134 $645,773

Comparative Totals:

Year-to-date

FY 2011-12 $16,520,281 $10,157,900 $5,173,960 ($253,272) $21,250,949 $18,448,779 $404,639 $241,134 $645,773

FY 2010-11 20,724,312 3,335,811 9,944,348 2,404,506 16,520,281 17,720,995 408,226 924,986 1,333,212

Amt Change 4,730,668 727,784 (3,587) (683,852) (687,439)

% Change 28.64% 4.11% -0.88% -73.93% -51.56%


OTHER INVESTMENTS PORTFOLIO Schedule C-1-A



Value of Shares Rate Acquired Date Cost Value Gain/(Loss)

Corporate Bonds and Notes

U.S. Treasury Bond $100,000 8.000% 11/15/91 11/15/21 $125,313 $156,984 $31,671

U.S. West Communications 10,000 7.200% 12/01/95 11/10/26 10,162 10,100 (62)

135,475 167,084 31,609

Common and Preferred Stock

Brinker Capital

Aflac Inc 54.000 2,550 2,300 (250)

Altria Group Inc 144.000 4,342 4,975 633

Applied Materials Inc 249.000 3,194 2,850 (344)

AT&T Inc. Com 137.000 4,329 4,885 556

Blackrock Inc. 23.000 4,699 3,906 (793)

Centurylink Inc. 132.000 5,181 5,213 32

Chevron Corp New 39.000 4,299 4,115 (184)

Conocophillips 54.000 4,165 3,018 (1,147)

General Electric Co 249.000 5,009 5,189 180

Intel Corp 202.000 5,631 5,383 (248)

Johnson & Johnson 85.000 5,519 5,743 224

JPMorgan Chase & Co 109.000 4,845 3,894 (951)

Mc Donalds Corp 47.000 4,206 4,161 (45)

Merck & Co Inc New Com 155.000 5,916 6,471 555

Metlife Inc. Com 145.000 4,242 4,473 231

Molson Coors Brewing Co Cl B 109.000 4,684 4,535 (149)

Nucor Corp 93.000 4,105 3,525 (580)

Pepsico Inc 60.000 3,865 4,240 375

Pfizer Inc 227.000 5,080 5,221 141

Philip Morris Intl Inc Com 32.000 2,749 2,792 43

Phillips 66 Com 27.000 462 897 435

Pitney Bowes Inc 171.000 3,071 2,560 (511)

PNC Finl Svcs Group 74.000 4,685 4,522 (163)

Description






Brinker Capital (continued)

PPL Corp 187.000 $5,271 $5,200 ($71)

Target Corp 93.000 5,428 5,412 (16)

Time Warner Cable Inc. 55.000 4,501 4,516 15

Total Adr Each Rep 1 Ord Shs 143.000 7,544 6,428 (1,116)

Travelers Cos Inc Com 58.000 3,447 3,703 256

United Parcel Svc Inc Cl B 60.000 4,710 4,726 16

Wells Fargo & Co New 125.000 4,212 4,180 (32)

Genworth Financial Trust Company

iPath S&P 500 VIX Mid-Term Futures 5.000 241 224 (17)

ProShares UltraPro Short 2.000 100 94 (6)

SPDR Gold Trust 3.000 460 465 5

132,742 129,816 (2,926)


Utah Public Treasurers' Investment Fund 0.779% 868,100 868,100 0

868,100 868,100 0

Fixed Income

Fidelity

Chesapeake Energy Corp 20,000 6.875% 03/21/12 08/15/18 20,979 19,900 (1,079)

Cooper Tire & Rubber Co 30,000 8.000% 03/21/12 12/15/19 33,096 32,100 (996)

Leucadia National Corp. 20,000 7.000% 04/03/12 08/15/13 21,295 20,825 (470)

Masco Corp 30,000 6.125% 03/21/12 10/03/16 32,738 32,016 (722)

Peabody Energy Corp. 20,000 7.375% 04/30/12 11/01/16 23,023 22,000 (1,023)

Royal Caribbean 30,000 7.250% 03/21/12 06/15/16 33,795 32,400 (1,395)

Seagate HDD Cayman 20,000 7.750% 05/29/12 12/15/18 22,685 22,125 (560)

Tesoro Corp 30,000 6.500% 03/21/12 06/01/17 31,762 30,825 (937)

US Steel Corp 30,000 7.000% 03/21/12 02/01/18 31,467 29,625 (1,842)

JC Penney Inc 30,000 7.650% 03/22/12 08/15/16 33,481 30,263 (3,218)

Description






Fidelity (continued)

Zions Bancorporation 30,000 4.500% 03/27/12 03/27/17 $28,295 $30,162 $1,867

Wells Fargo

Wells Fargo & Co 3,000,000 2,820,000 (180,000)

3,312,616 3,122,241 (190,375)

Mutual Funds

American Funds CI A

American Balanced Fund - Class A 668.070 11,116 12,967 1,851

AMCAP Fund - C 1,988.657 36,648 38,162 1,514

The Growth Fund of America - Class A 196.054 6,116 6,184 68

The Growth Fund of America - Class A 11,454.753 357,288 361,283 3,995

The New Economy Fund-C 1,557.561 35,663 39,484 3,821

New World Fund-C 990.540 39,745 46,912 7,167

Washington Mutual Investors Fund-C 1,293.696 39,265 38,565 (700)

Commonfund

CEU Title III

Multi-Strategy Bond 359,298.743 4,491,708 5,270,543 778,835

Multi-Strategy Equity 44,897.062 4,196,908 8,716,725 4,519,817


Aston/Optimum Mid Cap I 25.554 876 817 (59)

Aberdeen Asia Bond Institutional 44.708 483 480 (3)

Driehaus Active Income Fund 183.314 1,955 1,899 (56)

Federated Interm Govt/Corp Svc 166.923 1,774 1,759 (15)

Federated Short-Term Income Fund 303.981 2,623 2,626 3

Federated Total Rtrn Govt Instl Svc 186.872 2,189 2,203 14

GLG International Small Cap 21.813 194 166 (28)

Ramius Trading Strat Managed Futures I 49.459 482 471 (11)

Ramius Dynamic Replication Fund 63.611 633 614 (19)

JPMorgan Core Bond A 175.558 2,080 2,107 27

PIMCO Investment Grade Corp Bd Admin 80.178 847 873 26

Description






Genworth Financial Trust Company (continued)

PIMCO Low Duration Admin 243.301 $2,533 $2,550 $17

T. Rowe Price High Yield Adv 253.269 1,709 1,692 (17)

T. Rowe Price U.S. Bond Index 156.814 1,801 1,825 24

T. Rowe Price Short Term Bond Adv 720.268 3,488 3,486 (2)

Putnam Funds Class A

Putnam High Yield Cl-A 3,832.933 28,978 29,169 191

Vanguard

500 Index Fund Admiral Shares 122.686 13,578 15,403 1,825

Total Bond Market Index Fund Admiral Shares 1,426.180 15,554 15,831 277

500 Index Fund Admiral Shares 143.724 15,910 18,044 2,134

Total Bond Market Index Fund Admiral Shares 1,890.597 20,619 20,986 367

9,332,763 14,653,826 5,321,063

Alternatives

Cole Real Estate Investments

Cole Credit Property Trust III, Inc 10,201.523 101,914 102,015 101

Industrial Income Trust

Industrial Income Trust 5,094.639 50,929 50,929 0

Morgan Stanley Smith Barney

MS Opp Mortgage Inc Fund 1,000,000 1,078,043 78,043

TriCor

Inland America Real Estate Trust 18,843.839 184,243 136,053 (48,190)

vSpring

Kickstart Seed Fund 1, L.P. 161,488 173,173 11,685

Woodbury

Woodbury Strategic Partners Fund 271,159 280,274 9,115

1,769,733 1,820,487 50,754

Description






Money Market / Cash

Brinker Capital

Prime Fund Capital Reserves $17,478 $17,478 $0

Fidelity 7,144 7,144 0


BlackRock Liquidity T-Fund Mgmt 295 295 0

Morgan Stanley Smith Barney 30,364 30,364 0

SEI - Prime Obligation Fund 75 75 0

Wells Fargo 4 4 0

55,360 55,360 0

Receivable

Commonfund 426,088 426,088 0

Woodbury 4,990 4,990 0

U.S. Treasury Bond 667 667 0

U.S.West Communications 90 90 0

Vanguard - 500 Index Fund 2,200 2,200 0

434,035 434,035 0

Total Other Investments $16,040,824 $21,250,949 $5,210,125

Description


SUMMARY OF OTHER INVESTMENT TRANSACTIONS Schedule FSchedule C-2

For the Month of June 2012 Page 1 of 3

Purchases Sales


Other Investments


U.S. Treasury Bond $666

U.S.West Communications 60


Brinker Capital

AT&T Inc. Com 89.000 $2,812 $3,075 $263

Dow Chemical Co 124.000 4,378 3,783 (595)

Illinois Tool Works 93.000 5,366 5,006 (360)

Marsh & McLennan Cos 167.000 5,507 5,319 (188)

Mc Donalds Corp 47.000 4,206

Metlife Inc. Com 145.000 4,242

Brinker Capital Dividends 630


iPath S&P GSCI Crude Oil Tot Ret Idx 7.000 187 183 (4)

Barclays ETN S&P Dynamic VEQTOR 9.000 1,237 1,191 (46)

iPath S&P 500 VIX Mid-Term Futures 2.000 99 3.000 150 145 (5)

ProShares UltraPro Short 2.600 128 131.600 1,251 1,239 (12)

SPDR Gold Trust 3.000 459


Microsoft Corp 1,000.000 30,580 1,000.000 30,580 30,363 (217)


Investment Fund 563 563

Fixed Income

Fidelity

Chesapeake Energy Corp 20,000.000 20,144 19,830 (314)

Leucadia National Corp. 20,000.000 21,295

Peabody Energy Corp. 20,000.000 23,023

Seagate HDD Cayman 20,000.000 22,685

Fidelity Earnings 5,694


ProShares UltraShort 20 Year Treasury - TBT 10.000 211 200 (11)

Mutual Funds

American Funds CI A

Washington Mutual Investors Fund-C 4.726 138 138

Commonfund

CEU Title III

Multi-Strategy Bond 72.326 837 1,061 224 17,809

Multi-Strategy Equity 1,757.860 107,638 341,287 233,649 18,515


Aston/Optimum Mid Cap I 15.986 548 527 (21)

AQR Managed Futures Strategy 52.266 499 494 (5)




Purchases Sales


Genworth Financial Trust Company (continued)

Aberdeen Asia Bond Institutional 0.406 $4 85.335 $922 $925 $3 $4

American Century Short-Term Govt Adv 7.181 70 70 0

Arbitrage Fund Class R 61.710 801 799 (2)

Driehaus Active Income Fund 2.124 22 99.303 1,060 1,050 (10) 22

Federated Government Obligations Fund 205.000 205 205.000 205 205 0

Federated Interm Govt/Corp Svc 166.923 1,774 7

Federated Short-Term Income Fund 307.644 2,655 3.663 32 32 0 10

Federated Total Rtrn Govt Instl Svc 82.991 976 1.516 18 18 0 33

GLG International Small Cap 0.491 4 4 0

Ramius Trading Strat Managed Futures I 41.104 401 392 (9)

Ramius Dynamic Replication Fund 1.413 14 14 0

JPMorgan Core Bond A 54.283 645 40.187 475 483 8 17

MainStay Epoch Global Equity Yield 48.154 771 751 (20)

Merger Fund 51.627 815 814 (1)

Natixis ASG Managed Futures Strategy A 49.191 494 486 (8)

PIMCO Investment Grade Corp Bd Admin 10.235 109 9

PIMCO Low Duration Admin 243.301 2,533 15

T. Rowe Price High Yield Adv 4.264 28 75.769 511 509 (2) 28

T. Rowe Price U.S. Bond Index 40.403 466 13

T. Rowe Price Short Term Bond Adv 720.268 3,488 14

Putnam Funds Class A

Putnam High Yield Cl-A 60.283 455 455

Vanguard

500 Index Fund Admiral Shares 0.641 79 79

Total Bond Market Index Fund Admiral Shares 9.720 108 108

500 Index Fund Admiral Shares 0.751 92 17.498 1,932 2,200 268 92

Total Bond Market Index Fund Admiral Shares 12.885 143 143

Alternatives


Cole Credit Property Trust III, Inc 56.900 541 541

Industrial Income Trust

Industrial Income Trust 79.276 783 783

TriCor

Inland America Real Estate Trust 785

vSpring

Kickstart Seed Fund 1, L.P. 10,946 10,946 0

Woodbury

Woodbury Strategic Partners Fund 34,683 8,763 8,763 0 24,686




Purchases Sales


Money Market / Cash

Brinker Capital

Prime Fund Capital Reserves $17,812 $8,447 $8,447 $0

Fidelity 25,525 67,625 67,625 0 $1


BlackRock Liquidity T-Fund Mgmt 1,148 1,171 1,171 0

Rydex Series Trust US Government 1,259 3,872 3,872 0

Genworth Financial - Cash (unsettled transactions) 373 373 0

Morgan Stanley Bank N.A. 17,568 17,568 0

Morgan Stanley Smith Barney 30,364

Receivable

Commonfund 426,088

Woodbury 4,990

U.S. Treasury Bond 666


Vanguard - 500 Index Fund 2,200

Total Other Investments $667,349 $308,635 $541,220 $232,585 $71,920


ENDOWMENT TRUSTS

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule D-1




Jul 2011 $7,230,857 $68,006 $108,156 ($161,539) $7,029,168 $7,130,013 $23,316 $0 $23,316 $2,183 $21,133

Aug 2011 7,029,168 245,501 277,148 (252,844) 6,744,677 6,886,923 22,783 36,437 59,220 1,578 57,642

Sep 2011 6,744,677 298,857 322,984 (380,560) 6,339,990 6,542,334 23,623 53,627 77,250 1,500 75,750

Oct 2011 6,339,990 15,909 1,982 487,643 6,841,560 6,590,775 22,606 0 22,606 1,982 20,624

Nov 2011 6,841,560 232,122 224,437 14,948 6,864,193 6,852,877 21,964 (87,691) (65,727) 1,481 (67,208)

Dec 2011 6,864,193 112,338 52,220 121,760 7,046,071 6,955,132 11,506 640 12,146 1,497 10,649

Jan 2012 7,046,071 300,827 391,442 102,715 7,058,171 7,052,121 38,112 (18,050) 20,062 1,992 18,070

Feb 2012 7,058,171 113,587 105,886 257,074 7,322,946 7,190,559 19,739 0 19,739 1,479 18,260

Mar 2012 7,322,946 310,278 386,148 39,262 7,286,338 7,304,642 25,015 (11,046) 13,969 1,503 12,466

Apr 2012 7,286,338 336,061 320,980 (39,029) 7,262,390 7,274,364 19,874 46,800 66,674 2,362 64,312

May 2012 7,262,390 708,875 644,266 (375,296) 6,951,703 7,107,047 73,716 95,890 169,606 1,505 168,101

Jun 2012 6,951,703 145,250 74,996 325,308 7,347,265 7,149,484 28,482 0 28,482 1,475 27,007

$7,230,857 $2,887,611 $2,910,645 $139,442 $7,347,265 $7,003,022 $330,736 $116,607 $447,343 $20,537 $426,806

Comparative Totals:

Year-to-date

FY 2011-12 $7,230,857 $2,887,611 $2,910,645 $139,442 $7,347,265 $7,003,022 $330,736 $116,607 $447,343 $20,537 $426,806

FY 2010-11 4,162,814 8,202,414 6,155,418 1,021,047 7,230,857 6,467,440 331,506 (117,932) 213,574 35,685 177,889

Amt Change 116,408 535,582 (770) 234,539 233,769 (15,148) 248,917

% Change 1.61% 8.28% -0.23% 198.88% 109.46% -42.45% 139.93%

Note: Endowment Trusts include externally managed endowment trusts.


ENDOWMENT TRUSTS PORTFOLIO Schedule D-1-A


Number Fair Unrealized

of Shares Cost Value Gain/(Loss)

Obligations of U.S. Government

Savings Bonds 195,000.000 $195,000 $195,000 $0

195,000 195,000 0


Altria Group Inc. 1,000.000 16,108 34,550 18,442

American Electric Power Co. 9,200.000 339,492 367,080 27,588

AT&T Inc. 10,200.000 280,861 363,732 82,871

BP Plc. Ads 8,000.000 402,692 324,320 (78,372)

CenturyLink Inc. 10,200.000 378,035 402,798 24,763

Chevron Corp 3,100.000 318,906 327,050 8,144

Colgate Palmolive Co. 2,500.000 221,456 237,375 15,919

General Electric 37,900.000 377,601 789,836 412,235

iShares S&P Preferred Stock 1,900.000 73,521 74,157 636

JP Morgan Chase & Co 6,000.000 211,684 214,380 2,696

Merck & Co Inc. New Com 7,500.000 295,376 313,125 17,749

Pfizer Inc. 5,000.000 76,956 113,650 36,694

Philip Morris International In 1,000.000 36,706 84,700 47,994

Phillips 66 Com. 3,000.000 51,378 99,720 48,342

PPL Corporation 11,700.000 317,875 325,377 7,502

Procter & Gamble 1,000.000 62,811 61,250 (1,561)

Progress Energy Inc. 1,500.000 78,166 90,255 12,089

Sanofi ADR 1,400.000 48,113 52,892 4,779

SeaDrill Ltd. 11,700.000 356,294 415,584 59,290

Sempra Energy 500.000 29,788 34,440 4,652

Verizon Communications 6,300.000 172,839 279,972 107,133

Wells Fargo & Company NEW 5,000.000 55,361 164,140 108,779

4,202,019 5,170,383 968,364

Alternatives

Atlas Resources LP 5.000 50,000 50,000 0

50,000 50,000 0

Description






Mutual Funds

Brown Capitol Small Company 1,022.795 $46,964 $49,053 $2,089

Dodge & Cox Intl FDS 1,302.220 46,373 38,051 (8,322)

Dodge & Cox Income Fund 3,591.738 48,273 48,919 646

Eaton Vance Floating Rate & High Income 5,264.450 46,924 46,169 (755)

The Fairholme Fund 1,605.468 56,947 46,350 (10,597)

Fidelity Contra Fund 1,458.394 103,746 109,102 5,356

Gabellie ABC Fund 4,731.998 46,959 46,752 (207)

John Hancock Large Cap Equity Fund 2,027.418 56,638 54,315 (2,323)

John Hancock Global Opportunities Fund 3,362.108 60,771 44,413 (16,358)

Heartland Value Plus Fund 1,515.470 46,705 43,994 (2,711)

ING Value Choice Fund Class W 2,922.761 56,467 44,075 (12,392)

John Hancock Disciplined Value 3,864.770 46,845 46,996 151

Mutual Series Shares Class Z 2,608.629 56,768 55,538 (1,230)

Nuveen Tradewinds Value Opportunities Fund 1,587.503 56,562 45,260 (11,302)

PIMCO Funds Short-Term 4,813.292 47,700 47,218 (482)

PIMCO Fds pac Invt Mgmt. Ser Total Return 6,639.650 76,622 75,028 (1,594)

PIMCO GNMA Fund 4,058.962 49,235 48,058 (1,177)

Parnassus Small Cap Fund 1,853.042 46,222 40,415 (5,807)

Principal High Yield II Fund 5,754.409 46,734 43,849 (2,885)

The Osterweis Strategic Income Fund 3,966.266 46,899 45,533 (1,366)

Reynolds Blue Chip Growth Fund 972.732 56,687 54,133 (2,554)

Templeton Global Bond Fund 3,448.685 46,733 44,178 (2,555)

Thornburg International Value Fund 2,082.350 61,461 51,142 (10,319)

Thornburg Value Fund Institutional 2,777.038 103,924 81,312 (22,612)

Vanguard Short-Term US Treasury Fund 7,009.771 76,409 75,425 (984)

Vanguard Fixed Income Secs F Infl Prot Secs 3,799.728 50,194 55,476 5,282

Westcore Select Fund 2,108.437 47,630 36,581 (11,049)

Yacktman Fund 5,994.813 104,154 110,844 6,690

Wells Fargo Strategic Inc. #89 8,830.388 161,246 154,532 (6,714)

Wells Fargo Strategic Inc. #89 8,828.976 161,220 154,507 (6,713)

1,960,012 1,837,218 (122,794)

Description






Money Market Funds

Federated Treasury Obligations Fund $38,817 $38,817 $0

Morgan Stanley - Money Market 13,190 13,190 0

Wells Fargo #451 3,129 3,129 0

Wells Fargo #451 3,128 3,128 0

58,264 58,264 0

Receivable

Morgan Stanley 34,124 34,124 0

Wells Fargo 1,138 1,138 0


36,400 36,400 0

Total Endowment Trusts Total Endowment TrustsTotal Endowment Trusts $6,501,695 $7,347,265 $845,570

Description


SUMMARY OF ENDOWMENT TRUST INVESTMENT TRANSACTIONS Schedule FSchedule D-2


Purchases Sales


Endowment Trusts


iShares S&P Preferred Stock 1,900.000 $73,522

Funds held at Morgan Stanley - Dividends $25,657

Other

Atlas Resources LP 47

Mutual Funds

Funds held at Bank of Utah - Dividends 2,452

Wells Fargo Strategic Inc. #89 163


Money Market Funds

Federated Treasury Obligations Fund 2,499 $1,475 $1,475 $0

Morgan Stanley - Money Market 32,829 73,521 73,521 0 1

Receivable

Morgan Stanley 34,124

Wells Fargo 1,138

Wells Fargo 1,138

Total Endowment Trusts $145,250 $74,996 $74,996 $0 $28,482


PLANT FUND TRUSTS

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule E-1


Beginning Sales in Ending Daily Interest Gain or Realized Less Realized

Fair Value Purchases Proceeds Fair Value Fair Value Fair Value Income (Loss) Income Expenses Income/(Loss)

Jul 2011 $2,568,919 $70 $31,658 $2,600,647 $2,570,010 $8,607 $8,607 $8,607

Aug 2011 2,600,647 107 $348,000 36,236 2,288,990 2,534,568 8,593 8,593 8,593

Sep 2011 2,288,990 2,414,269 1,207,427 57,369 3,553,201 2,896,693 19,110 19,110 19,110

Oct 2011 3,553,201 51,306 1,196,956 (18,490) 2,389,061 2,406,954 8,543 8,543 8,543

Nov 2011 2,389,061 8,873,013 3,872,354 (497) 7,389,223 5,056,083 9,471 9,471 9,471

Dec 2011 7,389,223 279,107 5,340,320 15,347 2,343,357 2,329,000 8,542 8,542 8,542

Jan 2012 2,343,357 59 15 3,775 2,347,176 2,343,522 8,544 8,544 8,544

Feb 2012 2,347,176 45 (13,654) 2,333,567 2,346,751 8,544 8,544 8,544

Mar 2012 2,333,567 5,295,965 3,693,938 (18,245) 3,917,349 3,213,523 19,531 19,531 19,531

Apr 2012 3,917,349 551,727 2,091,956 27,034 2,404,154 2,414,420 8,662 8,662 8,662

May 2012 2,404,154 1,724,215 1,026,184 41,773 3,143,958 2,765,854 9,899 9,899 9,899

Jun 2012 3,143,958 790,654 1,522,216 (20,080) 2,392,316 2,382,932 9,795 9,795 9,795

$2,568,919 $19,980,537 $20,299,366 $142,226 $2,392,316 $2,771,693 $127,841 $0 $127,841 $0 $127,841

Comparative Totals:

Year-to-date

FY 2011-12 $2,568,919 $19,980,537 $20,299,366 $142,226 $2,392,316 $2,771,693 $127,841 $0 $127,841 $0 $127,841

FY 2010-11 10,674,107 11,251,066 19,243,573 (112,681) 2,568,919 3,916,846 106,308 0 106,308 0 106,308

Amt Change (176,603) (1,145,154) 21,533 0 21,533 0 21,533

% Change -6.87% -29.24% 20.26% 0.00% 20.26% 0.00% 20.26%

Note: Plant Fund Trusts include all debt service reserve and construction fund accounts in compliance with bond issue covenants.


PLANT TRUSTS PORTFOLIO Schedule E-1-A

30 June 2012



Wells Fargo

Heritage Money Market Variable $7,485 $7,485 $0

Build America Bonds 1,645,000 6.20% 05/15/09 04/01/30 1,676,255 1,780,334 104,079

Federal National Mortgage Association 500,000 3.00% 04/12/12 10/12/23 500,000 504,970 4,970

2,183,740 2,292,789 109,049



Investment Fund 0.779% 70,733 70,733 0

70,733 70,733 0

Accounts Receivable

Build America Bonds 25,498 25,498 0

Federal National Mortgage Association 3,250 3,250 0

Utah Public Treasurer's Investment Fund 46 46 0

28,794 28,794 0

Total Plant Trusts Total Plant Trusts $2,283,267 $2,392,316 $109,049

Description


SUMMARY OF PLANT TRUST INVESTMENT TRANSACTIONS Schedule FSchedule E-2


Purchases Sales


Plant Trusts

Wells Fargo

Build America Bonds $8,499

Fannie Mae 1,250

Heritage Money Market $2 $442,919 $442,919 $0

Cash 761,710 $1,079,297 $1,079,297 0

Utah Public Treasurers' Investment Fund 148 46

Accounts Receivable

Build America Bonds 25,498

Federal National Mortgage Association 3,250

Utah Public Treasurer's Investment Fund 46

Total Plant Trusts $790,654 $1,522,216 $1,522,216 $0 $9,795

Summary of Total Investment Returns

Endowment Pool

Fiscal Year-to-Date Annualized Rate of Return

Schedule F

Page 1 of 2

-4.89%

-25.02%

-34.88%

-9.78% -9.22% -7.24%

-0.49%

3.69% 4.56% 4.33%

0.04% 2.25%

-7.61% -16.96%

-21.85%

-3.67% -3.32% -1.78% 1.83%

4.73% 6.14% 5.33% 1.70%

3.57%

-40%

-35%

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

Jul 2

01

1

Au

g 2

01

1

Sep

20

11

Oct

20

11

No

v 2

01

1

De

c 2

01

1

Jan

20

12

Feb

20

12

Mar

20

12

Ap

r 2

01

2

May

20

12

Jun

20

12

An

nu

aliz

ed

Rat

e o

f R

etu

rn

Endowment Pool

Endowment Pool Composite Benchmark

Summary of Total Investment Returns


Fiscal Year-to-Date Annualized Rate of Return

Schedule F

Page 2 of 2

16.25%

12.64%

9.43%

6.31% 6.01% 5.83% 5.68% 5.03% 4.52% 4.82% 4.84% 4.74%

0.54% 0.54% 0.56% 0.58% 0.59% 0.61% 0.63% 0.65% 0.66% 0.68% 0.69% 0.71%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

Jul 2

01

1

Au

g 2

01

1

Sep

20

11

Oct

20

11

No

v 2

01

1

De

c 2

01

1

Jan

20

12

Feb

20

12

Mar

20

12

Ap

r 2

01

2

May

20

12

Jun

20

12

An

nu

aliz

ed

Rat

e o

f R

etu

rn


Cash Management Investment Pool Public Treasurer's Investment Fund

Schedule G

Fair Fair Fair Fair Fair Fair Fair Fair Fair

Value Value Value Value Value Value Value Value Value

Quasi Endowment $57.9 $74.3 $84.4 $95.7 $107.5 $103.2 $110.3 $114.3 $114.3

True Endowment 73.1 72.2 65.6 74.9 106.4 94.6 101.1 108.9 109.4

Total $131.0 $146.5 $150.0 $170.6 $213.9 $197.8 $211.4 $223.2 $223.7

*As of July 1, 2010 the balances above reflect USU and USU-CEU's Endowment balances.

0

20

40

60

80

100

120

140

160

180

200

220

240

June 07 June 08 Jun 09 Jun 10 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12

Endowment Funds Millions of Dollars

2 November 2012

ITEM FOR ACTION

RE: Report of Investments for July 2012

The attached Report of Investments for July 2012 is submitted for the Trustees consideration. It

has received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

This set of investment reports presents investment activity for July 2012 and comparative year-to-date

totals for FY 2012-2013 and FY 2011-2012.


The average daily fair value invested during July 2012 was $251,953,987, down $1,080,418 from June

2012. Total investment income was $766,520, up $107,597 over June 2012, reflecting the decrease in

the amount available for investing and an increase in total investment return. The annualized total

investment return was 8.28%, up 5.70% over June 2012.


$251,953,987, up $14,964,047 (6.31%) over FY 2011-2012. Total interest income for FY 2012-2013

amounted to $766,520, down $18,656 (2.38%) from FY 2011-2012, reflecting an increase in the amount

available for investing and a decrease in interest rates.

The total amount invested at 31 July 2012 was $252,084,042, up $13,990,363 (5.88%) over 31 July

2011.

ENDOWMENT POOL

The average daily fair value invested during July 2012 was $100,656,569, down $2,435,601 from June

2012. Interest and dividend income of $277,362 plus net realized gains of $4,603 totaled $281,965 in

realized income for the month.


$100,656,569, up $2,533,026 (2.58%) over FY 2011-2012. Total realized income for FY 2012-2013

was $281,965, up $30,120 (11.96%) over FY 2011-2012. This increase resulted from $30,122 more in

interest and dividends and $2 less net realized gains during FY 2012-2013.

The total amount invested at 31 July 2012 was $101,090,407, up $3,173,987 (3.24%) over 31 July 2011.

OTHER INVESTMENTS

The average daily fair value invested during July 2012 was $21,093,580, up $25,994 over June 2012.

Interest and dividend income of $50,178 plus net realized gains of $1,133 totaled $51,311 in realized

income for the month.


$21,093,580, up $4,628,316 (28.11%) over FY 2011-2012. Total realized income for FY 2012-2013

was $51,311, up $19,517 (61.39%) over FY 2011-2012. This increase resulted from $19,238 more in

interest and dividend income and $279 more in net realized gains during FY 2012-2013.

The total amount invested at 31 July 2012 was $20,936,210, up $4,525,963 (27.58%) from 31 July 2011.

ENDOWMENT TRUSTS

The average daily fair value invested during July 2012 was $7,420,180 up $270,696 over June 2012.

Interest and dividend income of $26,964 plus net realized gains of $162,180 totaled $189,144 in realized

income for the month.

Year-to-date numbers show that the average daily fair value invested for FY 2012-2013 was $7,420,180,

up $290,167 (4.07%) over FY 2011-2012. Total realized income for FY 2012-2013 was $189,144, up

$165,828 (711.22%) over FY 2011-2012. This increase resulted from $3,648 more interest and dividend

income and $162,180 more net realized gains during FY 2012-2013.

The total amount invested at 31 July 2012 was $7,493,095, up $463,927 (6.60%) over 31 July 2011.

PLANT FUND TRUSTS

The average daily fair value invested during July 2012 was $2,364,149, down $18,783 from June 2012.

Interest income totaled $9,796 in realized income for the month.

Year-to-date numbers show that the average daily fair value invested for FY 2012-2013 was $2,364,149,

down $205,861 (8.01%) from FY 2011-2012. Total realized income for FY 2012-2013 was $9,796, up

$1,189 (13.81%) over FY 2011-2012. This increase reflects the decreased amount available for

investing and an increase in the rate of return.

The total amount invested at 31 July 2012 was $2,381,578, down $219,069 (8.42%) from 31 July 2011.

SUMMARY OF INVESTMENT TRANSACTIONS

The University’s average daily fair value invested for the month of July was $383,488,465. Purchases

totaled $17,887,334 and sales totaled $20,574,306. From this activity the University realized net gains of

$167,916 and earnings of $1,130,820.

RECOMMENDATION

The President and Vice President for Business and Finance recommend that the Board of Trustees

approve the Report of Investments for July 2012.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, The attached Report of Investments containing authorized transactions, documentation, and

supporting papers has been filed for review by the Board of Trustees pertaining to the investment

activities; and

WHEREAS, The investment transactions listed on the attached Report of Investments have been

approved by the USU Controller’s Office; and

WHEREAS, The investment activities listed on the attached Report of Investments are in accordance

with the Utah State Money Management Act, the rules of the Utah State Money Management Council,

the Utah State Uniform Prudent Management of Institutional Funds Act, and the laws and rules of Utah

State University and the State of Utah; and

WHEREAS, The Chief Financial Officer for Utah State University, David T. Cowley, Vice President for

Business and Finance, has certified to the best of his knowledge and belief all investment transactions

listed on the attached Report of Investments were made in accordance with the guidelines, rules, and

laws; and

WHEREAS, Vice President Cowley requests approval of the attached Report of Investments for the

period 1 July 2012 to 31 July 2012 and comparative year-to-date totals for the periods 1 July 2012 to 31

July 2012 and 1 July 2011 to 31 July 2011; and

WHEREAS, The President of Utah State University has reviewed the attached report and recommends

its approval by the Utah State University Board of Trustees; and


authorization of the investment transactions listed on the attached Report of Investments for the period 1

July 2012 to 31 July 2012 and comparative year-to-date totals for the periods 1 July 2012 to 31 July

2012 and 1 July 2011 to 31 July 2011;


attached Report of Investments as presented and ratifies the transactions listed on said Report of

Investments for July 2012.

=====================================================================


__________________________________

Date



SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule A-1

Change Average Total Less Net

Beginning Sales in Ending Daily Interest Service Interest

Fair Value Purchases Proceeds Fair Value Fair Value Fair Value Income Charges Income

Jul 2012 $253,362,326 $16,335,000 $18,644,000 $1,030,716 $252,084,042 $251,953,987 $766,520 $71 $766,449

Aug 2012

Sep 2012

Oct 2012

Nov 2012

Dec 2012

Jan 2013

Feb 2013

Mar 2013

Apr 2013

May 2013

Jun 2013

Comparative Totals:

Year-to-date

FY 2012-13 $253,362,326 $16,335,000 $18,644,000 $1,030,716 $252,084,042 $251,953,987 $766,520 $71 $766,449

FY 2011-12 232,563,366 18,000,000 15,000,000 2,530,313 238,093,679 236,989,940 785,176 0 785,176

Amt Change 13,990,363 14,964,047 (18,656) 71 (18,727)

% Change 5.88% 6.31% -2.38% 100.00% -2.39%

Note: The Cash Management Investment Pool includes cash of all funds over estimated daily operating requirements.



SUMMARY OF INVESTMENT TRANSACTIONS AND PERFORMANCE

For the Month of July 2012 Schedule A-2

Change Total Average Annualized

Sales in Investment Daily Total Investment

Purchases Cost Receipts Earnings Fair Value Income Fair Value Return

Money Market Account $8,674 $8,674 $12,100,000 0.83%


Investment Fund 5,419 5,419 8,100,000 0.78%

Time Certificates of Deposit $5,000,000 $5,000,000 404,387 404,387 75,032,258 6.26%

Commercial Paper and

Corporate Notes $16,335,000 92,592 $532,960 625,552 54,644,455 13.29%

Obligations of U. S. Government 13,644,000 13,644,000 197,779 145,710 343,489 88,747,274 4.49%

Municipal Bonds 57,669 352,046 409,715 13,330,000 35.69%

Total $16,335,000 $18,644,000 $18,644,000 $766,520 $1,030,716 $1,797,236 $251,953,987 8.28%


SUMMARY OF CASH MANAGEMENT INVESTMENT POOL TRANSACTIONS Schedule FSchedule A-3

For the Month of July 2012

Purchases Sales



Money Market Account $8,674


Investment Fund 5,419

Time Certificates of Deposit $5,000,000 $5,000,000 $0 404,387

Commercial Paper & Corporate Notes $16,335,000 92,592

Obligations of U. S. Government 13,644,000 13,644,000 0 197,779

Municipal Bonds 57,669

Total Cash Management Investment Pool $16,335,000 $18,644,000 $18,644,000 $0 $766,520


ENDOWMENT POOL

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule B-1




*Jul 2012 $100,222,730 $601,097 $495,964 $762,544 $101,090,407 $100,656,569 $277,362 $4,603 $281,965 $19,420 $262,545

Aug 2012

Sep 2012

Oct 2012

Nov 2012

Dec 2012

Jan 2013

Feb 2013

Mar 2013

Apr 2013

May 2013

Jun 2013

Comparative Totals:

Year-to-date

FY 2012-13 $100,222,730 $601,097 $495,964 $762,544 $101,090,407 $100,656,569 $277,362 $4,603 $281,965 $19,420 $262,545

FY 2011-12 98,330,666 689,960 620,973 (483,233) 97,916,420 98,123,543 247,240 4,605 251,845 26,737 225,108

Amt Change 3,173,987 2,533,026 30,122 (2) 30,120 (7,317) 37,437

% Change 3.24% 2.58% 12.18% -0.04% 11.96% -27.37% 16.63%

Note: The Endowment Pool includes endowment funds designated for long-term investment. Included in this pool are endowment funds invested in the University's Cash

Management Investment Pool (CMIP) consisting of $18,588,673 principal beginning balance, a $18,737,430 ending balance, and a $18,702,793 average daily balance for the

current month. Current month interest and dividends from the CMIP were $56,813 bringing the total to $56,813 year-to-date. These amounts have also been reported in

Schedules A-1 and A-2.

*The July beginning fair value has been adjusted to reflect the amount distributed to expendable accounts at fiscal year end.


SUMMARY OF ENDOWMENT POOL TRANSACTIONS Schedule FSchedule B-2


Purchases Sales


Endowment Pool Transactions


Utah State University $236,944 $145,000 $145,000 $0 $56,813

CMIP Interest 56,813

Equity funds

Multi-Strategy Equity Fund 31.342 1,760 6,124 4,364 53,977

UTS SPDR Trust Ser 1 (SPY) 10,780

Wells Fargo Advantage Index Fund #88 9,448

Fixed Income funds

High Yield Bond Fund - Administrator Class 9,744.508 30,890 30,890

Multi-Strategy Bond Fund 71.541 829 1,068 239 16,345

PENN Core High Yield Bond Fund II, L.P. 72,213 2,486 2,486 0 72,213

PIMCO - Diversified Income Inst. 2,029.980 24,461 24,461

Alternatives

Commonfund

CEP VII 40,000 6,144 6,144 0

CNR VIII 30,000

Solamere Capital

Solamere Founders Fund I, LP 75,000

TIAA-CREF

TIAA-CREF Core Property 0.180 2,435

Cash 2,435 6,212 6,212 0

Woodbury


Money Market Funds

Advantage Cash #451 32,341

Receivable

Wells Fargo - Custody 32,341 32,341 0

Wells Fargo - Growth & Income 56,688 56,688 0

Commonfund 210,966 210,966 0


Total Endowment Pool Transactions $601,097 $491,361 $495,964 $4,603 $277,362


OTHER INVESTMENTS

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule C-1

Change Average Total Realized Total

Beginning Sales in Ending Daily Interest and Gain or Realized

Fair Value Purchases Proceeds Fair Value Fair Value Fair Value Dividends (Loss) Income

Jul 2012 $21,250,949 $30,209 $470,855 $125,907 $20,936,210 $21,093,580 $50,178 $1,133 $51,311

Aug 2012

Sep 2012

Oct 2012

Nov 2012

Dec 2012

Jan 2013

Feb 2013

Mar 2013

Apr 2013

May 2013

Jun 2013

Comparative Totals:

Year-to-date

FY 2012-13 $21,250,949 $30,209 $470,855 $125,907 $20,936,210 $21,093,580 $50,178 $1,133 $51,311

FY 2011-12 16,520,281 23,945 112,911 (21,068) 16,410,247 16,465,264 30,940 854 31,794

Amt Change 4,525,963 4,628,316 19,238 279 19,517

% Change 27.58% 28.11% 62.18% 32.67% 61.39%



For the Month of July 2012 Page 1 of 1

Purchases Sales


Other Investments


U.S. Treasury Bond $667



Brinker Capital

Teva Pharmaceutical Industries 81.000 $3,208

Brinker Capital Dividends 362


Investment Fund 581 581

Mutual Funds

Commonfund

CEU Title III

Multi-Strategy Bond 73.894 $856 $1,103 $247 16,883

Multi-Strategy Equity 6.602 404 1,290 886 11,813

Alternatives


Cole Credit Property Trust III, Inc 59.116 562 562


MS Opp Mortgage Inc Fund 18,465

TriCor

Inland America Real Estate Trust 785

vSpring

Kickstart Seed Fund 1, L.P. 7,000

Money Market / Cash

Brinker Capital

Prime Fund Capital Reserves 393 4,065 4,065 0

Morgan Stanley Bank N.A. 18,465

Morgan Stanley Smith Barney 30,363 30,363 0

Receivable

Commonfund 426,088 426,088 0

Woodbury 4,990 4,990 0

U.S. Treasury Bond 666 666 0

U.S.West Communications 90 90 0

Vanguard - 500 Index Fund 2,200 2,200 0

Total Other Investments $30,209 $469,722 $470,855 $1,133 $50,178


ENDOWMENT TRUSTS

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule D-1




Jul 2012 $7,347,265 $920,982 $934,693 $159,541 $7,493,095 $7,420,180 $26,964 $162,180 $189,144 $1,959 $187,185

Aug 2012

Sep 2012

Oct 2012

Nov 2012

Dec 2012

Jan 2013

Feb 2013

Mar 2013

Apr 2013

May 2013

Jun 2013

Comparative Totals:

Year-to-date

FY 2012-13 $7,347,265 $920,982 $934,693 $159,541 $7,493,095 $7,420,180 $26,964 $162,180 $189,144 $1,959 $187,185

FY 2011-12 7,230,857 68,006 108,156 (161,539) 7,029,168 7,130,013 23,316 0 23,316 2,183 21,133

Amt Change 463,927 290,167 3,648 162,180 165,828 (224) 166,052

% Change 6.60% 4.07% 15.65% 100.00% 711.22% -10.26% 785.75%

Note: Endowment Trusts include externally managed endowment trusts.


SUMMARY OF ENDOWMENT TRUST INVESTMENT TRANSACTIONS Schedule FSchedule D-2

For the Month of July 2012 Page 1 of 1

Purchases Sales


Endowment Trusts


AT&T Inc. 5,200.000 $137,239 $183,031 $45,792

Colgate Palmolive Co. 2,500.000 221,456 235,949 14,493

Duke Energy Corp 1,306.245 $78,166 0.245 15 17 2

Pfizer Inc. 5,000.000 76,956 113,994 37,038

Progress Energy Inc. 1,500.000 78,166 78,166 0

Vodafone GP PLC ADS 6,500.000 187,105

Wells Fargo & Company NEW 3,000.000 33,217 98,072 64,855

Funds held at Morgan Stanley - Dividends $24,072

Other

Atlas Resources LP 37

Mutual Funds

Funds held at Bank of Utah - Dividends 2,527



Money Market Funds

Federated Treasury Obligations Fund 2,564 1,459 1,459 0

Morgan Stanley - Money Market 646,739 187,105 187,105 0 2

Wells Fargo #451 250 250 0

Wells Fargo #451 250 250 0

Cash / Unsettled Purchases

Morgan Stanley - Cash 1,800

Morgan Stanley - Unsettled purchases 4,608

Receivable

Morgan Stanley 34,124 34,124 0



Total Endowment Trusts $920,982 $772,513 $934,693 $162,180 $26,964


PLANT FUND TRUSTS

SUMMARY REPORT OF INVESTMENTS AND INVESTMENT INCOME Schedule E-1


Beginning Sales in Ending Daily Interest Gain or Realized Less Realized

Fair Value Purchases Proceeds Fair Value Fair Value Fair Value Income (Loss) Income Expenses Income/(Loss)

Jul 2012 $2,392,316 $46 $28,794 $18,010 $2,381,578 $2,364,149 $9,796 $9,796 $9,796

Aug 2012

Sep 2012

Oct 2012

Nov 2012

Dec 2012

Jan 2013

Feb 2013

Mar 2013

Apr 2013

May 2013

Jun 2013

Comparative Totals:

Year-to-date

FY 2012-13 $2,392,316 $46 $28,794 $18,010 $2,381,578 $2,364,149 $9,796 $0 $9,796 $0 $9,796

FY 2011-12 2,568,919 70 0 31,658 2,600,647 2,570,010 8,607 0 8,607 0 8,607

Amt Change (219,069) (205,861) 1,189 0 1,189 0 1,189

% Change -8.42% -8.01% 13.81% 0.00% 13.81% 0.00% 13.81%

Note: Plant Fund Trusts include all debt service reserve and construction fund accounts in compliance with bond issue covenants.


SUMMARY OF PLANT TRUST INVESTMENT TRANSACTIONS Schedule FSchedule E-2


Purchases Sales


Plant Trusts

Wells Fargo

Build America Bonds $8,499

Fannie Mae 1,250

Utah Public Treasurers' Investment Fund $46 47

Accounts Receivable

Build America Bonds $25,498 $25,498 $0

Federal National Mortgage Association 3,250 3,250 0

Utah Public Treasurer's Investment Fund 46 46 0

Total Plant Trusts $46 $28,794 $28,794 $0 $9,796

2 November 2012

ITEM FOR ACTION

RE: Delegation/Administrative Reports – 06/22/12 to 08/10/12

Utah State University has been given authority by the Division of Facilities Construction and Management (DFCM) to exercise direct supervision of the design and construction of all alterations, repairs, and improvements to existing facilities on individual projects with budgets of less than $4 million. The supervision of new construction can also be delegated to USU on a project‐by‐project basis and can exceed the $4 million amount. As part of the delegation authority, administrative reports are prepared by USU and presented to the Utah State Building Board at each of its meetings. The monthly format of USU’s reports is similar to that of the DFCM’s reports presenting professional and construction contracts issued during the reporting period, contingency and project reserves status, and a delegated projects list showing budget and status. On a quarterly basis, additional reports are prepared showing contingency fund cumulative transfers, a summary of the statewide (paving) account, and a construction contract status. The Board of Regents has transferred its authority to review the delegation/ administrative reports to the Board of Trustees. The reports have received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The following is a summary of the administrative reports for USU for the period 06/22/12 to 08/10/12. Professional Contracts, 7 contracts issued (Page 1) Comments are provided on the report. Construction Contracts, 11 contracts issued (Page 2) Comments are provided on the report. Report of Contingency Reserve Fund (Page 3) Five projects needed funds from the contingency for this reporting period. Two projects contributed to the contingency fund. The contingency fund is in good order. Comments are provided on the report. Report of Project Reserve Fund Activity (Page 4) One project closed adding funds to the reserve account. Three projects required funds from the reserve account to award contracts. Comments are provided on the report. Current Delegated Projects List (Pages 5‐6) Of USU’s 60 projects, 5 are Complete, 10 Substantially Complete, 27 in Construction, 7 in the Design/Study phase, and 11 are Pending. The completed projects for the reporting period are Health, Life Safety & Code Compliance Projects FY11, Medium Voltage Upgrade FY11, Miscellaneous Critical Improvements FY11, CEU Life Safety/Signage and Chilled Water – Edith Bowen/CPD.

RECOMMENDATION

The President and Vice President for Business and Finance recommend that the delegation/ administrative reports for the current reporting period be approved as presented.


WHEREAS, The Utah Legislature appropriates state funds through the Division of Facilities Construction and Management to Utah State University for the purpose of capital improvements; and WHEREAS, The Division of Facilities Construction and Management has delegated its authority to exercise direct supervision of the design and construction of such capital improvements to Utah State University; and WHEREAS, Non‐state funded projects with budgets of less than $4 million are also delegated to Utah State University; and WHEREAS, Projects in excess of $4 million can also be delegated to Utah State University with specific approval of the Utah State Building board; and WHEREAS, Utah State University presents reports on the status of all its delegated projects to the Utah State Building Board on a regular basis; and WHEREAS, The State Board of Regents has transferred its authority to review the delegation/ administrative reports to the Board of Trustees; and WHEREAS, The President and Vice President for Business and Finance have reviewed the delegation/ administrative reports for the current reporting period and recommend approval of the reports to the Board of Trustees; and WHEREAS, The Board of Trustees has reviewed and given due consideration to the delegation/ administrative reports: NOW, THEREFORE, BE IT RESOLVED, That the USU Board of Trustees hereby approves the delegation/ administrative reports as presented.

RESOLUTION APPROVED BY THE USU BOARD OF TRUSTEES _________________ Date

Professional ContractsAwarded From 06/22/12 to 08/10/12

Contract Name Firm Name A/E Budget Fee Amount Comments

1 USUE Workforce Education Remodel Skyline A/E/S Incorporated $34,980.00 $27,000.00 Architectural services for remodel

2 Bldg 620‐Zane Lab Remodel The Design Guild $22,500.00 $22,500.00 Design for remodel

3 Fine Arts Precast Concrete Bottpantone Architects $40,496.00 $22,000.00 Design services

Panel Replacement

4 USUE Central Instructional Building Eaton Architecture $75,000.00 $18,000.00 Feasibility study

5 Planning & Design Fund FY12 ARW Engineers $124,802.00 $17,200.00 Structural analysis/design upgrade

6 Concrete Replacement FY13 Cache Landmark Engineering $11,940.00 $11,940.00 1200 E Sidewalk survey/topography

MISCELLANEOUS CONTRACTS

7 HPER Field Turf Skyline A/E/S Incorporated $10,000.00 $4,000.00 Soil, concrete & premeability testing

Page 1 of 6

Construction ContractsAwarded From 06/22/12 to 08/10/12

Project Firm Name Design Firm Const Budget Contract Amt Comments1 Old Main Masonry Restoration Abstract Masonry BHW Engineers $233,645.00 $351,185.00 $118,540 from bid reserve

Restoration

2 Fine Arts Precast Concrete Spindler Construction Bottpantone Architects $289,256.00 $340,000.00 $50,744 from bid reserve

Panel Replacement

3 Concrete Replacement FY13 FIXCrete USU Facilities Planning $241,667.00 $60,000.00 various locations‐replacement

and Design

4 ClassroomAuditorium Raymond Construction USU Facilities Planning $271,493.00 $58,863.00 Remodel BNR 102, HPER 114

Upgrade FY13 and Design Geology 105 and Ani Sci 115

5 Sign System FY12 APCO Wayfinding USU Facilities Planning $45,045.00 $10,185.00 Exterior vehicular signs

and Design


6 Concrete Replacement FY12 PolyCon $224,450.00 $39,215.00 E‐Krete polymer composite overlay

7 Health/Life Safety/Code/ Eagle Environmental $132,743.00 $17,704.00 Asbestos abatement HPER tunnel

Asbestos FY12

8 Miscellaneous Critical Great Western Park & $247,748.00 $8,159.26 Furnishings for NFS east patio

Improvements FY12 Playground

9 Miscellaneous Critical Merlin's Insulation $247,748.00 $2,850.00 Insulation in attic of

Improvements FY12 Comm‐D building

10 NFS HVAC Design Eagle Environmental $89,358.00 $1,997.00 Asbestos abatement

11 Merlin Olsen Field Edge Excavation $419,061.00 $1,105.00 Operator/equipment rental

Replacement

Page 2 of 6

Report of Contingency Reserve FundFrom 06/22/12 to 08/10/12

TotalTransfers % to %

Current To (From) Construction CompletedProject Title Transfers Contingency Budget Project Status (Paid)

BEGINNING BALANCE $450,951.17

INCREASES TO CONTINGENCY RESERVE FUND Skaggs Lab Remodel 23,062.50

Health, Life Safety & Code Compliance FY11 52.73 Complete

DECREASES FROM CONTINGENCY RESERVE FUND

BNR Fire Protection Phase II (12,602.46) (12,602.46) 2.36% Construction 65.12%

(repair cracked water line/find fire alarm problem,

change custodial closet to electrical closet)

Steam Line Insulation (3,359.47) (3,359.47) 3.53% Construction 100.00%

(additional pipe insulation in Engineering)

Bike Racks FY12 (1,856.80) (1,856.80) 4.12% Construction 50.89%

(additional excavation/concrete replacement)

Chilled Water‐Edith Bowen/CPD (1,613.17) (5,908.96) 2.37% Complete 100.00%

(steam valve in HRSC tunnel)

Medium Voltage Upgrade FY11 (617.60) (17,378.61) 3.93% Complete 100.00%

(Facilities 13M20 switch replacement)

ENDING BALANCE $454,016.90

Page 3 of 6

Report of Project Reserve Fund ActivityFrom 06/22/12 to 08/10/12

% ofTransfer Construction

Project Title Amount Description Budget


INCREASES TO PROJECT RESERVE FUND Miscellaneous Critical Improvements FY11 3,785.32 Close project 2.70%

DECREASES TO PROJECT RESERVE FUND Old Main Masonry Restoration (118,540.00) Award contract 50.70%

Fine Arts Precast Concrete Panel Replacement (50,744.00) Award contract 17.54%

Sign System FY12 (499.30) Award contract 1.10%


Page 4 of 6

Current Delegated Projects List08/10/12

Project ProjectNumber Project Name Phase Budget

CAPITAL DEVELOPMENT/IMPROVEMENTA22907 Planning and Design Fund FY11 Design/Study 75,000

A22908 Health, Life Safety & Code Compliance Projects FY11 Complete 101,895

A22909 Classroom Upgrades FY11 Substantial Completion 407,151

A22911 Sign System FY11 Substantial Completion 54,490

A22914 Medium Voltage Upgrade FY11 Complete 502,681

A22915 Campus Wide Bike Racks FY11 Substantial Completion 34,001

A22917 Miscellaneous Critical Improvements FY11 Complete 149,530

A23857 Spectrum Volleyball Locker Room Remodel Design only 10,000

A23999 CEU Life Safety/Signage Complete 277,295

A24159 Chilled Water Thermal Storage Construction 2,815,654

A24756 Sant Engineering Clean Room Remodel Substantial Completion 523,500

A24855 Planning and Design Fund FY12 Design/Study 124,802

A24856 Health/Life Safety/Code/Asbestos FY12 Construction 143,363

A24857 Classroom/Auditorium Upgrades FY12 Construction 389,659

A24858 Building Commissioning FY12 Commissioning 190,991

A24859 Miscellaneous Critical Improvements FY12 Construction 267,613

A24860 BNR Fire Protection Phase II Construction 585,845

A24861 Chilled Water ‐ Edith Bowen/CPD Complete 297,212

A24862 NFS HVAC Design Construction 195,532

A24863 Campus Wide Bike Racks FY12 Construction 68,107

A24865 Sign System FY12 Construction 58,247

A24867 Steam Line Insulation FY12 Substantial Completion 98,597

A24869 Concrete Replacement FY12 Substantial Completion 241,778

A24870 1200 East (Aggie Village) Landscape Construction 97,583

A24871 Paving (Student Living Center Parking Lot) Substantial Completion 396,620

A24872 Medium Voltage Upgrades FY12 Substantial Completion 313,462

A24936 Vet Science Animal Cadaver Lab Remodel Construction 400,000

A25065 Tremonton Campus ‐ Classroom Remodel Substantial Completion 572,222

A25415 Animal Science Refreshment Construction 738,762

A25416 HPER Field Turf Upgrade Construction 2,394,800

Page 5 of 6

A25442 Experimental Stream Facility Design 200,000

A25891 USU VoIP Comm Closet Upgrade Construction 3,302,931

A26109 Skaggs Lab Remodel Substantial Completion 526,938

A26677 Access Controls FY13 Construction 147,059

A26681 Medium Voltage Upgrades FY13 Pending 243,243

A26741 Morgan Hall Renovation Construction 903,958

A26808 Stadium Pavement Replacement Construction 140,849

A27065 Bldg 620 STE 227 remodel‐Thompson Construction 207,124

A27085 Merlin Olsen Field Replacement Construction 431,033

A27144 Building Commissioning FY13 Pending 190,991

A27145 Bus. Bldg Steam/Water Connect Pending 500,000

A27146 Campus Controls Upgrade FY13 Pending 245,098

A27147 Campus‐wide Bike Racks FY13 Pending 49,074

A27148 Classroom Auditorium Upg FY13 Pending 294,570

A27149 Concrete Replacement FY13 Construction 245,167

A27150 Emergency Generator FY13 Pending 245,495

A27151 Fine Arts Precast Concrete Panel Replace Construction 383,389

A27152 FAV Cooling Pending 1,147,368

A27153 Health/LS/Code/Asbestos FY13 Pending 147,273

A27154 HPER Landscape and Irrigation Construction 352,941

A27155 Misc Critical Imp FY13 Pending 245,370

A27156 Old Main Masonry Restoration Construction 354,521

A27157 Planning & Design Fund FY13 Pending 100,000


A27311 Bldg 620 STE‐Zane Lab Remodel (NEW PROJECT) Design 307,750

C11292 Price BDAC Fire/Irrigation Sys Construction 665,400

C11293 Price SAC Building Study Construction 14,620

C11294 USUE Central Instructional Building (NEW PROJECT) Design 75,000

C11295 USUE San Juan Residence Hall Construction 2,940,250

C11301 USUE Workforce Education Remodel (NEW PROJECT) Design 391,780

TOTAL (60) $27,574,658

Page 6 of 6

2 November 2012

ITEM FOR ACTION

RE: Delegation/Administrative Reports – 08/10/12 to 10/05/12

Utah State University has been given authority by the Division of Facilities Construction and Management (DFCM) to exercise direct supervision of the design and construction of all alterations, repairs, and improvements to existing facilities on individual projects with budgets of less than $4 million. The supervision of new construction can also be delegated to USU on a project‐by‐project basis and can exceed the $4 million amount. As part of the delegation authority, administrative reports are prepared by USU and presented to the Utah State Building Board at each of its meetings. The monthly format of USU’s reports is similar to that of the DFCM’s reports presenting professional and construction contracts issued during the reporting period, contingency and project reserves status, and a delegated projects list showing budget and status. On a quarterly basis, additional reports are prepared showing contingency fund cumulative transfers, a summary of the statewide (paving) account, and a construction contract status. The Board of Regents has transferred its authority to review the delegation/ administrative reports to the Board of Trustees. The reports have received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The following is a summary of the administrative reports for USU for the period 08/10/12 to 10/05/12. Professional Contracts, 3 contracts issued (Page 1) Comments are provided on the report. Construction Contracts, 18 contracts issued (Pages 2‐3) Comments are provided on the report. Report of Contingency Reserve Fund (Page 4) Five projects needed funds from the contingency fund for this reporting period. Two projects contributed to the contingency fund. The contingency fund is in good order. Comments are provided on the report. Report of Project Reserve Fund Activity (Page 5) There was no activity in the Project Reserve fund for this reporting period. Current Delegated Projects List (Pages 6‐7) Of USU’s 56 projects, 3 are complete, 10 are substantially complete, 27 are in construction, 9 are in the design/study phase, and 7 are pending. The completed projects for the reporting period are Campus Wide Bike Racks FY11, Medium Voltage Upgrades FY12 and Tremonton Campus‐Classroom Remodel.

RECOMMENDATION

The President and Vice President for Business and Finance recommend that the delegation/ administrative reports for the current reporting period be approved as presented.


WHEREAS, The Utah Legislature appropriates state funds through the Division of Facilities Construction and Management to Utah State University for the purpose of capital improvements; and WHEREAS, The Division of Facilities Construction and Management has delegated its authority to exercise direct supervision of the design and construction of such capital improvements to Utah State University; and WHEREAS, Non‐state funded projects with budgets of less than $4 million are also delegated to Utah State University; and WHEREAS, Projects in excess of $4 million can also be delegated to Utah State University with specific approval of the Utah State Building board; and WHEREAS, Utah State University presents reports on the status of all its delegated projects to the Utah State Building Board on a regular basis; and WHEREAS, The State Board of Regents has transferred its authority to review the delegation/ administrative reports to the Board of Trustees; and WHEREAS, The President and Vice President for Business and Finance have reviewed the delegation/ administrative reports for the current reporting period and recommend approval of the reports to the Board of Trustees; and WHEREAS, The Board of Trustees has reviewed and given due consideration to the delegation/ administrative reports: NOW, THEREFORE, BE IT RESOLVED, That the USU Board of Trustees hereby approves the delegation/ administrative reports as presented.

RESOLUTION APPROVED BY THE USU BOARD OF TRUSTEES _________________ Date

Professional ContractsAwarded From 08/10/12 to 10/05/12

Contract Name Firm Name A/E Budget Fee Amount Comments

1 FAV Cooling Van Boerum & Frank Associates $84,210.00 $78,235.00 Cooling upgrade at Fine Arts

2 USUE Library Building Upgrade Colvin Engineering Associated $61,579.00 $52,500.00 Design services

3 Planning & Design Fund FY11 VanBoerum & Frank Associates $75,000.00 $1,000.00 Mechanical engineering services for

USUE Office building


None

Page 1 of 7

Construction ContractsAwarded From 08/10/12 to 10/05/12

Project Firm Name Design Firm Const Budget Contract Amt Comments1 Bldg 620 Zane Lab Remodel Spindler Construction Design Guild $250,000.00 $155,985.00 Remodel of Zane laboratory

2 Concrete Replacement FY13 Raymond Construction USU Facilities Planning $241,667.00 $129,929.00 1200 East sidewalk improvements

and Design

3 Miscellaneous Critical USU Facilities Operations USU Facilities Planning $231,481.00 $21,739.00 Install seismic gas shutoff valves

Improvements FY13 and Design

4 VoIP Communications Closet USU Facilities Operations Sine Source Engineering $1,241,821.00 $12,214.00 UWRL 121F remodel

Upgrade

5 Sign System FY13 Raymond Construction USU Facilities Planning $46,296.00 $9,902.00 Install sign base at 1400 N/800 E

and Design

6 Campus Wide Bike Racks FY13 USU Facilities Operations USU Facilities Planning $46,296.00 $6,836.00 College of Agriculture bike racks

and Design

7 Sign System FY13 USU Facilities Operations USU Facilities Planning $46,296.00 $2,115.00 Provide letters/logo for sign at

and Design 1400 N/800 E


8 Miscellaneous Critical Redd Mechanical $231,481.00 $14,400.00 Replace rooftop A/C unit at

Improvements FY13 Blanding campus

9 HPER Field Turf Eagle Environmental $2,358,464.00 $9,320.00 Asbestos abatement

10 Classroom/Auditorium Midwest Commercial $363,455.00 $8,859.00 Chairs/tables for UR103

Upgrades FY12 Interiors

Page 2 of 7

11 Health/Life Safety/Code/ Eagle Environmental $143,363.00 $7,219.00 Asbestos abatement men's locker

Asbestos FY12 room

12 Health/Life Safety/Code/ Eagle Environmental $143,363.00 $1,994.00 Asbestos abatement SER 009

Asbestos FY12

13 NFS HVAC Upgrade Thermal West Industrial $91,304.00 $1,946.00 Insulate steamlines at NFS

14 Health/Life Safety/Code/ Eagle Environmental $143,363.00 $1,940.00 Asbestos abatement HPER tunnel

Asbestos FY12

15 Miscellaneous Critical KI $258,448.00 $1,738.00 Additional chairs/tables for

Improvements FY12 BNR lobby

16 Miscellaneous Critical Lyle Northern Electric $231,481.00 $1,200.00 Disconnect rooftop A/C unit at

Improvements FY13 Blanding campus

17 Concrete Replacement FY12 Spindler Construction $237,435.00 $1,128.00 Sandblast red curbs in NR parking

lot

18 VoIP Communication Closet Eagle Environmental $1,241,821.00 $952.00 Asbestos abatement in commuica‐

Upgrade tion closets in Engineering bldg

Page 3 of 7

Report of Contingency Reserve FundFrom 08/10/12 to 10/05/12

TotalTransfers % to %

Current To (From) Construction CompletedProject Title Transfers Contingency Budget Project Status (Paid)


INCREASES TO CONTINGENCY RESERVE FUND USUE Library Building Upgrade 34,211.00 Design

Medium Voltage FY12 4,000.00 Complete

DECREASES FROM CONTINGENCY RESERVE FUND

Skaggs Lab Remodel (22,087.02) (22,087.02) 5.09% Construction 95.06%

misc items for mechanical upgrade

HPER Landscape and Irrigation (11,368.03) (11,368.03) 3.22% Construction 78.86%

scoreboard

Campus Wide Bike Racks FY12 (3,170.09) (5,026.89) 11.16% Substantial Completion 100.00%

fix concrete, purchase additional bike rack

BNR Fire Protection Phase II (966.00) (13,568.46) 2.54% Construction 95.00%

light trim kit and repair to existing fire sprinkler system

Sign System FY12 (214.21) (214.21) 0.48% Substantial Completion 81.77%

sign re‐print


Page 4 of 7

Report of Project Reserve Fund ActivityFrom 08/10/12 to 10/05/12

% ofTransfer Construction

Project Title Amount Description Budget


INCREASES TO PROJECT RESERVE FUND None

DECREASES TO PROJECT RESERVE FUND None


Page 5 of 7

Current Delegated Projects List10/05/12

Project ProjectNumber Project Name Phase Budget

CAPITAL DEVELOPMENT/IMPROVEMENTA22907 Planning and Design Fund FY11 Design/Study 75,000

A22909 Classroom Upgrades FY11 Substantial Completion 407,151


A22915 Campus Wide Bike Racks FY11 Complete 34,001

A23857 Spectrum Volleyball Locker Room Remodel Design only 10,000

A24159 Chilled Water Thermal Storage Construction 2,815,654

A24756 Sant Engineering Clean Room Remodel Substantial Completion 523,500

A24855 Planning and Design Fund FY12 Design/Study 124,802

A24856 Health/Life Safety/Code/Asbestos FY12 Construction 143,363

A24857 Classroom/Auditorium Upgrades FY12 Construction 389,659

A24858 Building Commissioning FY12 Commissioning 190,991


A24860 BNR Fire Protection Phase II Construction 586,811

A24862 NFS HVAC Design Construction 195,532

A24863 Campus Wide Bike Racks FY12 Substantial Completion 71,277


A24867 Steam Line Insulation FY12 Substantial Completion 98,597

A24869 Concrete Replacement FY12 Substantial Completion 241,778

A24870 1200 East (Aggie Village) Landscape Construction 97,583

A24871 Paving (Student Living Center Parking Lot) Substantial Completion 396,620

A24872 Medium Voltage Upgrades FY12 Complete 309,462

A24936 Vet Science Animal Cadaver Lab Remodel Construction 400,000

A25065 Tremonton Campus ‐ Classroom Remodel Complete 561,279

A25415 Animal Science Refreshment Construction 738,762

A25416 HPER Field Turf Upgrade Construction 2,362,847

A25442 Experimental Stream Facility Design 200,000

A25891 USU VoIP Comm Closet Upgrade Construction 3,302,931

A26109 Skaggs Lab Remodel Construction 549,025

A26677 Access Controls FY13 Construction 147,059

A26681 Medium Voltage Upgrades FY13 Pending 243,243

Page 6 of 7

A26741 Morgan Hall Renovation Construction 903,958

A26808 Stadium Pavement Replacement Substantial Completion 158,005

A27065 Bldg 620 STE 227 remodel‐Thompson Construction 212,874

A27085 Merlin Olsen Field Replacement Substantial Completion 431,033

A27144 Building Commissioning FY13 Pending 190,991

A27145 Bus. Bldg Steam/Water Connect Pending 500,000

A27146 Campus Controls Upgrade FY13 Pending 245,098

A27147 Campus‐wide Bike Racks FY13 Construction 49,074

A27148 Classroom Auditorium Upg FY13 Construction 294,570

A27149 Concrete Replacement FY13 Construction 245,167

A27150 Emergency Generator FY13 Pending 245,495

A27151 Fine Arts Precast Concrete Panel Replace Construction 383,389

A27152 FAV Cooling Design 1,147,368

A27153 Health/LS/Code/Asbestos FY13 Pending 147,273

A27154 HPER Landscape and Irrigation Construction 364,309


A27156 Old Main Masonry Restoration Construction 354,521

A27157 Planning & Design Fund FY13 Pending 100,000


A27311 Bldg 620 STE‐Zane Lab Remodel Design 318,850

C11292 Price BDAC Fire/Irrigation Sys Construction 665,400

C11293 Price SAC Building Study Construction 14,620

C11294 USUE Central Instructional Building Design 75,000

C11295 USUE San Juan Residence Hall Construction 3,283,240

C11301 USUE Workforce Education Remodel Design 391,780

C11310 USUE Library Building Upgrade (NEW PROJECT) Design 765,789

TOTAL (56) $27,385,440

Page 7 of 7

2 November 2012

ITEM FOR ACTION

RE: Capital Improvement Priority List for FY 2014

The attached Capital Improvement Priority List for FY 2014 is submitted to the Board of

Trustees for consideration. It has received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The Utah Legislature appropriates state funds for the purpose of capital facilities improvement. The

attached Capital Improvement Priority List for FY 2014 emphasizes critical repairs, renovations, and

infrastructure projects.

RECOMMENDATION

The President and Vice President for Business and Finance recommend that the Board of Trustees

approve the Capital Improvement Priority List for FY 2014 as presented.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, The Utah Legislature appropriates state funds for the purpose of capital facilities

improvement; and

WHEREAS, Utah State University is required to submit its prioritized recommendation for such

projects to the Board of Regents after approval by the Utah State University Board of Trustees; and

WHEREAS, The President and Vice President for Business and Finance have reviewed the Capital

Improvement List for FY 2014 and recommend its approval to the Utah State University Board of

Trustees:

NOW, THEREFORE, BE IT RESOLVED, That the Utah State University Board of Trustees hereby

approves the Capital Improvement Priority List for FY 2014 as presented.

__________________________________________________________________________________

RESOLUTION APPROVED BY THE USU BOARD OF TRUSTEES

___________________

Date

Utah State University Capital Improvement Priority List for FY 2014

Priority Project Name Description / Justification Cost Estimate

Cum. Total: Condition Assessment

1 Planning and Design Fund Funds to be used for general programming and design efforts on current or next year's projects.

$100,000 $100,000

2 Campus-Wide Health, Life Safety, Code Compliance & Asbestos Abatement

To include but not limited to: handrails, hardware, ADA, asbestos abatement, etc.

$150,000 $250,000 IUSUAC01, 7044AC04

3 Business Chilled Water & Steam Connect the Business building to the central chilled water and steam systems in the new Business tunnel section. Remove the existing chiller and cooling tower from the roof.

$400,000 $650,000 0086HV01

4 Campus-Wide Classroom and Auditorium Upgrades

Funding for miscellaneous classroom upgrades to include; paint, carpet, window coverings, seating, desks, modernization, etc, as well as similar auditorium upgrades.

$300,000 $950,000 0066IS02, 0066IS01, 5928IS01, 5928IS02

5 CW Building Commissioning Perform commissioning of buildings. $200,000 $1,150,000 0945HV01, 0950HV01

6 Misc Critical Improvements Misc Critical Improvements $250,000 $1,400,000 0050ES02

7 Roofing Projects Replace the roof of Old Main, Geology, HPER. $600,000 $2,000,000 6110ES01, 0062ES01

8 Campus-Wide Sign System Provide miscellaneous signs across campus and replace existing worn, outdated signs.

$50,000 $2,050,000 IUSUSI69

9 Campus Concrete Replacement Replacement of exterior concrete campus-wide. $250,000 $2,300,000 IUSUSI44

10 Campus-Wide Access Control Expand electronic card access system to existing buildings, including Edith Bowen, to improve building security and security for classrooms with technology.

$100,000 $2,400,000 0086SS01

11 Campus-Wide Controls Upgrade Complete upgrade to controls in Merrill Cazier Library on the Sci-Tech side. The controls at OM are all pneumatic. Replace thermostats and damper controls with digital.

$250,000 $2,650,000 8017HV01

12 Campus Wide E-Generator Replace/Upgrade emergency generators. (Buildings considered: UWRL, FA Museum BNR, HPER, NFS)

$250,000 $2,900,000 6110EL04, 5933EL04, 0088FS03

13 Medium Voltage Upgrade North overhead to underground conversion PH II. Oil switches.

$350,000 $3,250,000 IUSEL04, IUSUEL06




14 OM Masonry Restoration Restoration of masonry on Old Main. $500,000 $3,750,000 0050ES02, 0050IS02

15 Campus Elevator Upgrades Upgrade elevators at NFS, BioTech, University Inn, Eccles, Animal Science.

$400,000 $4,150,000 0084AC06, 5926AC03, 0062EL04

16 Moab ADA Upgrades Remove/replace: concrete curbing around parking lot and sidewalks around building. Repair and seal asphalt parking lot.

$100,000 $4,250,000

17 Kent Concert Hall Ceiling Replacement Replace ceiling w/ acoustic clouds, add duct diffusers, add seismic bracing, add fire sprinklering, replace work and house lights, replace catwalks.

$1,450,000 $5,700,000 0098FS01, 0098HV01, 0098FS04, 0098IS03

18 Parking Lot Paving Current paving is highly deteriorated at Mountain View west of the tennis courts.

$725,000 $6,425,000 IUSUSI39

19 NFS Mechanical System PH I Replace existing air handler, flexible ductwork and mixing boxes and controls.

$800,000 $7,225,000 0084HV01

20 Campus-Wide Chilled Water Upgrades Install the air cooled chiller from Lund Hall at the SER building to provide back-up cooling source for the Data Center. Install chilled water piping in the existing tunnel from the proposed Business bldg node into the Sci-Tech library.

$350,000 $7,575,000 5932HV04

21 South Farm Paving Paving for fire lane east behind sheep barn to feed mill $76,000 $7,651,000

22 BNR Fire Protection Upgrade - Phase III Finish installing fire spinklers in the entire building. $650,000 $8,301,000 0088FS05

23 U. Inn to Widstoe Steam Line Replacement

Relocate existing steam line running under the Tanner Fntn. $480,000 $8,781,000 IUSUHV03

24 HPER Swimming Pool Re-grout both swimming pools at the HPER. To include repair of rusted gutter areas

$130,000 $8,911,000

25 Campus-Wide Irrigation & Landscape Upgrades

Replace and upgrade irrigation systems and landscaping. $100,000 $9,011,000 IUSUSI04




26 Site & Safety Lighting Campus-wide site and safety lighting upgrade. $350,000 $9,361,000 IUSUEL09

27 Campus-Wide Chiller Delta-T Improve Delta-T by coil replacements. $150,000 $9,511,000 IUSUHV14

28 Additional Chiller at CEP Install the final 1800 ton chiller at the CEP to provide redundancy and help serve the continually growing campus load.

$1,500,000 $11,011,000 IUSUHV14

29 Kent Concert Hall New Elevator and Restroom Lobby

Addition in courtyard to expand Kent Lobby to comply with ADA requirements for restrooms and elevator access. Also includes space for a small food service.

$1,500,000 $12,511,000 0098AC04

30 Morgan Ceiling Replacement Replace ceiling w/ acoustic clouds, add duct diffusers, add seismic bracing, add fire sprinklering, replace work and house lights, replace catwalks.

$990,000 $13,501,000 0098FS01, 0098HV01, 0098FS04, 0098IS03

31 Spectrum - Seismic Retrofit PH 1 The building is a high occupancy building and requires seismic retrofitting. Existing concrete frames are not expected to meet more than 40% of current code requirements for life safety. Seismic retrofitting will be done in phases.

$2,500,000 $16,001,000

32 Upgrade Water Irrigation Infrastructure The cost of culinary water from Logan City has increased and there is a need to provide a pipeline to supply more areas of campus landscape with canal water. This project will replace 4 existing pumphouses.

$900,000 $16,901,000 IUSUI04, IUSUI05

33 Campus Fume Hood Upgrades Upgrade fume hoods in various buildings across campus. $200,000 $17,101,000 0062HV02

34 Paving Between Facilities & Shops Repave area between Facilties - Equip. Op's. - Loam shops w/waterway and catchbasins and possibly lighting.

$95,000 $17,196,000 0074SI01

35 Replace steam & chilled water piping and refurbish existing tunnel located North of Ray B West and Family Life.

Refurbish the utilities (steam, chilled water, water, sewer, fiber etc.) in the old existing tunnel running east and west at Family Life and Ray B West area, utilizing the existing tunnel structure.

$850,000 $18,046,000 IUSUHV06, IUSUHV08

36 Old Main Fire Alarm Upgrades Upgrade fire alarm sytem at Old Main $150,000 $18,196,000 0050FS01

37 Vet Sci HVAC & Electrical Upgrade Upgrade electrical and HVAC $800,000 $18,996,000 0071EL07, 0071HV01




38 Eccles Conf Center Auditorium Replace unsafe seating and redo the carpet and paint $650,000 $19,646,000 0950AC03, 0950IS01

39 Fieldhouse Classroom Floor Replace dangerous floor in Fieldhouse for Physical Ed classes

$1,250,000 $20,896,000 0065IS02

40 Geology Greenhouse Replace the Geology Greenhouse (280 sq ft) $250,000 $21,146,000

41 Campus Electrical Upgrades Service upgrade to include Research greenhouse electrical service ($75,000) , Fine Arts electrical power distribution ($75,000), Vet Sci MCC ($100,000)

$250,000 $21,396,000 6110FS08

42 PDP AHU Replace air handling unit at PDP $340,000 $21,736,000 8019HV01

43 ADA Access for Information Services Install handicap access @ Information Services. Determine feasibility.

$50,000 $21,786,000 0051AC02

44 Sewer Line & MH Replacement Replace 3 or 4 old ungrouted brick sewer MH on Old Main Hill with new concrete MH's. Replace sewer from Family Life to 700 East.

$400,000 $22,186,000 IUSUPL10

45 Water Lab front bridge Steel supports and framing are deteriorated and need to be repaired/replaced. Bridge does not support fire truck loads.

$500,000 $22,686,000 IUSUSI48

46 Education Atrium Replace clear glass portions of existing skylight with insulated translucent panels. This would reduce the heat load created by direct sunlight through the existing atrium structure. This project would improve comfort throughout the building and save energy.

$350,000 $23,036,000 5907ES03

47 Exterior Shades for Library Phase I The east and south walls of the library receive considerable direct solar heat gain. These shading devices would reduce glare and the air conditioning load.

$300,000 $23,336,000

48 Culinary Water Reservoir May be required if Housing is added to the culinary water system

$2,500,000 $25,836,000 IUSUPL02

49 USU Culinary Line to Connect to North Campus to Establish a Loop

Establish a culinary water loop to be built down 1200 East to 1000 N along NE Stadium Drive.

$400,000 $26,236,000 IUSUPL07




50 Road Improvements at South Sub Station The access road to the south sub station is heavily rutted and in bad repair such that access to the sub station in winter is not safe for maintenance vehicles or visitors to the ropes course. This is for a feasibility/cost study.

$350,000 $26,586,000

51 850 North Road Improvements: Widen road for two lanes to accommodate access to Edith Bowen, new Education Building, and parking lots. Current road is inadequate and unsafe. Includes new 30’ road, new curb/gutter, new sidewalk and landscaping strip, new lighting.

$500,000 $27,086,000

USU Eastern

1 Price Campus: WIB Chiller/Mechanical Upgrade & Exterior Lighting Upgrade Blanding Campus: Technology Replace Rooftop Units

Price Campus: The ISES 2008 report identified the following: Replace 210 ton reciprocating air-cooled chiller that provides chilled water for cooling, including mechanical upgrade for related pumps, valves, and controls. Upgrade existing light fixtures on pole lighting with new energy efficient fixtures. Blanding Campus: The ISES 2008 report identified the following: Install new energy-efficient rooftop units including controls, and test & balance of distribution system.

$1,000,000 $1,000,000 ISES # 5896 ISES # 8058

2 Price Campus: WIB-Replace Air Handler 2 & 3 Blanding Campus: Building Automation System

Price Campus: The ISES 2008 report identified the following: Replace basement air handlers (#2 Museum space & # 3 bldg) and install new building automation controls. Replace humidifier for dinosaur bone storage area. Blanding Campus: Install new automation system for campus building for more efficient use of building heating/cooling systems.

$1,000,000 $2,000,000 ISES #5896




3 Price Campus: Library HVAC & Mechanical System Upgrade

The ISES 2008 report identified the following: Install a new air handler, heat exchangers, pumps, exhaust fans, and building automation controls. Upgrade electrical system and devices including new panels, circuit breakers, and GFCI protection. Replace aging water supply and plumbing with new copper lines, valves, backflow preventer, seismic bracing, and restrooms with ADA compliant fixtures.

$928,233 $2,928,233 ISES # 0132

4 Price Campus: Geary Theater Mechanical Upgrade

The ISES 2008 report identified the following: Redesign and replace the HVAC system with new air handlers, exhaust fans, VAV boxes, ductwork, heat exchangers, pumps, fans, coil units, and piping. Replace original electrical system including new circuit breakers, main switchboard, power panel, switches, GFCI protection, etc. Replace original water supply and drain piping with new copper lines, valves, backflow preventer, floor drains, roof drains, traps, and seismic bracing.

$1,278,262 $4,206,495 ISES # 0130

5 Price Campus; Geary Theater Fire System and ADA upgrade

The ISES 2008 report identified the following: Install a new fire sprinkler system including main panel, horns, strobes, smoke & heat detectors, sprinkler heads, seismic bracing. The attic area is used for production lighting, install a new metal catwalk with guardrails to improve safety. Repair exterior brickwork & steps, replace existing windows with energy efficient units, replace exterior door and hardware. Replace interior doors with fire rated doors and code compliant hardware. Replace existing stage lighting and auditorium seating. Renovate restrooms with ADA fixtures, finishes, and partitions. Renovated dressing rooms with dressing space, new light, and ADA fixtures.

$1,278,262 $5,484,757 ISES # 0130




6 Price Campus: Purchasing Building HVAC, Fire System, & Electrical Upgrade

The ISES 2008 report identified the following: Replace original unit heating system with a new hot water system, heat exchangers, pumps, piping, and building automation controls. Replace fire alarm system, including main panel, horns, strobes, smoke & heat detectors, and sprinkler system. Replace original electrical system with new panels, switches, GFCI protection. Replace original water supply and plumbing with new copper piping, valves, pressure regulators, backflow preventer, seismic bracing and restrooms with ADA fixtures.

$757,440 $6,242,197 ISES # 2061

7 Price Campus: MCC Mechanical System & Fire System Upgrade

The ISES 2008 report indentified the following: Replace mechanical system, including exhaust fans and supplemental make-up air units in trades shop area, including automation controls. Replace existing fire alarm system with new panel, pull stations, audible & visible alarms, smoke & heat detectors, and sprinkler heads.

$733,317 $6,975,514 ISES # 125

8 Price Campus: Music Building Structural, Fire System, HVAC, Door Upgrade

The ISES 2008 report indentified the following: Design and install structural support. Upgrade fire alarm system to include main panel, pull stations, smoke &heat detectors, audible & visual alarms. Redesign and replace the HVAC system including new air handlers, exhaust fans, heat exchangers, pumps, piping, building automation controls, VAV boxes, and VFD's. Replace exterior windows with energy efficient units. Replace doors with fire rated doors and ADA hardware. Replace electrical system including new components, circuit breakers, power panels, switches, conductors, and GFCI protection. Replace water supply and renovate restrooms with new copper lines, valves, backflow preventer, ADA fixtures, finishes, partitions, and seismic bracing.

$133,127 $7,108,641 ISES # 0129




9 Price Campus: SAC Seismic & Plumbing Upgrade

The ISES 2008 report identified the following: A structural upgrade is a high priority due to foundation failing in various locations, Replace electrical system with new panels, switches, circuit breakers, and GFCI protection. Demo existing water supply and drain piping networks and all plumbing fixtures, Install new insulated copper water supply network, including backflow preventer, pressure regulators, and isolation valves. Install process piping systems and new drain network with cast-iron piping for normal wastes and corrosion resistant piping for acid wastes. Install new plumbing fixtures throughout with ADA compliant, including, pipe bracing and associated equipment for seismic activity.

$3,545,893 $10,654,534 ISES # 5953

10 Price Campus: SAC Electrical, Fire System, & Door Upgrade

The ISES 2008 report identified the following: Replace electrical system with new panels, switches, circuit breakers, and GFCI protection. Install new fire alarm system including new horns, strobes, smoke & heat detectors, piping, valves, sprinkler heads, flow switches, sensors, and seismic bracing. Install new fire rated interior door with code compliant hardware. Replace exterior windows with energy efficient units.

$3,549,893 $14,204,427 ISES # 5953

2 November 2012

ITEM FOR ACTION

RE: USU Auxiliary and Service Enterprises Annual Reports for FY2011-12

The attached USU Report of Auxiliary Enterprises Operations and Service Enterprises

Report are submitted for the Trustees consideration. The reports have received the

appropriate administrative review and approval.

EXECUTIVE SUMMARY

Auxiliary Enterprises - Board of Regents Policy R550 requires Utah State University to submit

an annual report of Auxiliary Enterprises operations. Auxiliary Enterprises are business

enterprises or other support activities (as distinguished from primary programs of instruction,

research, and public service) operated on an essentially self-supporting basis. The primary

purpose of such operations is to provide specified services to students, faculty, staff, or guests of

the institution. The Report of Auxiliary Enterprises Operations, summarizing actual totals for the

fiscal year just ended, is part of the Board of Regents budget process. The Board of Trustees is

responsible to review and approve the Report of Auxiliary Enterprises Operations.

This report presents information for individual units including Dining Services, Parking

Operations, Student Health Center, Student Housing, the Bookstore (including branch

campuses), Taggart Student Center, and the University Inn. The total of these seven operations is

summarized on the report. In FY2011-12, the aggregate auxiliary operations generated

$36,979,136 total revenue. Total net income from operations was $1,986,928. This amount

includes Student Building Fees and Land Grant/other interest. All operations reported positive

net operating income except the Bookstore.

The Bookstore reported negative operating income primarily from an inventory adjustment

reflecting lower than expected textbook sales. The sluggish economy continues to affect overall

sales, and students often search for online textbook alternatives. In addition, with the USU

Eastern merger, the Bookstores in Price and San Juan were added to the Bookstore’s

point-of-sale system requiring the purchase of equipment, software training, and other expenses.

To correct the deficit, a change has been made in bookstore management, the store has adopted a

revised business model which included investing in a textbook rental program for both in-store

and online sales, lowered transaction costs through investment in a PIN pad technology to reduce

merchant credit card fees and improve PCI compliance, and a reduction in overall labor.

Service Enterprises - Board of Regents Policy R220 delegates review and approval authority to

the Board of Trustees for Service Enterprises reports, subject to being reported annually to the

Board of Regents. Service Enterprises provide a specific type of service to various institutional

departments, rather than to individuals, and is supported by internal charges to the user’s

departmental operating budget. Service Enterprises include Mailing Bureau (Distribution

Center), Information Technology Services, Motor Pool, Printing Services (Publication, Design

and Production), and Surplus Property.

The Service Enterprises Report presents a summary for the Service Enterprises. All have positive

fund balances except Publication, Design and Production (PDP). The PDP deficit was due to

decreasing university wide expenditures for printing services. This follows a national trend and

is due in part to the increasing usage of electronic communication rather than printing. PDP is

adjusting labor and other operating expenses to bring operations into balance for FY2012-13. In

addition, PDP is developing other revenue producing opportunities including screen printing and

electronic printing services to meet the needs of campus. The Service Enterprises as a whole are

healthy ending the 2011-12 fiscal year with total income from operations of $12,553,818.

RECOMMENDATION


Trustees approve the Auxiliary and Service Enterprises Annual Reports as presented.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, Board of Regents policy requires that Utah State University annually submits a

Report of Auxiliary Enterprises Operations and a Service Enterprises Report; and

WHEREAS, The Board of Trustees is to review and approve the referenced Auxiliary and

Service Enterprises reports; and

WHEREAS, The Report of Auxiliary Enterprises Operations is to summarize the actual

revenues, expenditures, transfers, and total net income/(loss) from operations for the fiscal year

just ended; and

WHEREAS, Auxiliary Enterprises included in the report are Dining Services, Parking

Operations, Student Health Center, Student Housing, the Bookstore (including branch

campuses), Taggart Student Center, and the University Inn; and

WHEREAS, The Service Enterprises Report is to summarize the actual revenues, expenditures,

transfers, and total income/loss from operations for the fiscal year just ended; and

WHEREAS, Service Enterprises included in the report are Mailing Bureau (Distribution Center),

Information Technology Services, Motor Pool, Printing Services (Publication, Design and

Production) and Surplus Property; and

WHEREAS, The President and Vice President for Business and Finance recommend approval of

the attached Report of Auxiliary Enterprises Operations and the Service Enterprises Report:


attached Report of Auxiliary Enterprises Operations summarizing FY2011-12 actuals and the

Service Enterprises Report summarizing FY2011-12 actuals.


_____________________

Date

Operating Revenue $8,090,493 $1,705,528 $1,537,869 $10,702,729 $11,761,887 $2,216,199 $964,431 $36,979,136

Other Revenue1

$434,607 $1,143,229 $1,577,836

Expenses (including COGS) $7,357,791 $793,073 $1,506,420 $7,024,322 $12,354,548 $1,809,605 $811,255 $31,657,014

Net Income/(loss) from operations $732,702 $912,455 $31,449 $4,113,014 ($592,661) $1,549,823 $153,176 $6,899,958

Transfers

Debt Service and Contingency ($226,081) ($317,296) ($2,831,466) ($12,000) ($543,273) ($6,000) ($3,936,116)

Other Transfers (Admin. Fee/Scholarships/Capital Exp./Other) ($90,391) ($175,392) $68,557 ($180,756) $40,234 ($551,595) ($87,571) ($976,914)

Subtotal - Transfers ($316,472) ($492,688) $68,557 ($3,012,222) $28,234 ($1,094,868) ($93,571) ($4,913,030)

Total net Income/(loss) from operations2 $416,230 $419,767 $100,006 $1,100,792 ($564,427) $454,955 $59,605 $1,986,928

1Other Revenue Source: Student Housing - land grant interest; Taggart Student Center - student building fees2Net Available for Repairs/Replacement

Operating Revenue $643,739 $6,755,853 $1,612,886 $1,261,543 $257,337 $10,531,358

Expenses (including COGS) $654,187 $6,299,185 $1,410,955 $1,388,958 $210,340 $9,963,625

Net Income/(loss) from operations ($10,448) $456,668 $201,931 ($127,415) $46,997 $567,733

Transfers* $0 $12,002,747 $20,089 $0 ($36,751) $11,986,085

Total Income/(loss) from operations ($10,448) $12,459,415 $222,020 ($127,415) $10,246 $12,553,818

*Non-mandatory transfers for Information Technology (IT) were for capital items and

moving capital reserve funds from IT Quasi back into IT Service enterprises

Surplus

PropertyTOTAL

Revenue/Expenses Category

Publication

Design &

Production

2011-12 Revenue/Expenses

Motor

Pool

Information

Technology

Distribution

Center/Mailing

Bureau


Service Enterprises Report

Auxiliary Enterprises


Bookstores (Multi-campus)

TOTALTaggart

Student Center

Student

Housing

Student Health

Center

Parking

OperationsDining Services

University

Inn

Report of Auxiliary Enterprises Operations

2 November 2012

ITEM FOR ACTION

RE: USU Eastern Auxiliary and Service Enterprises Annual Reports for FY2011-12

The attached USU Eastern Report of Auxiliary Enterprises Operations and Service

Enterprises Report are submitted for the Trustees consideration. The reports have

received the appropriate administrative review and approval and will be submitted to the

Board of Regents as required.

EXECUTIVE SUMMARY

Auxiliary Enterprises - Board of Regents Policy R550 requires Utah State University to submit

an annual report of Auxiliary Enterprises operations. Auxiliary Enterprises are business

enterprises or other support activities (as distinguished from primary programs of instruction,

research, and public service) operated on an essentially self-supporting basis. The primary

purpose of such operations is to provide specified services to students, faculty, staff, or guests of

the institution. The Report of Auxiliary Enterprises Operations, summarizing actual totals for the

fiscal year just ended, is part of the Board of Regents budget process. The Board of Trustees is

responsible to review and approve the Report of Auxiliary Enterprises Operations.

This report presents financial information for Price and San Juan Bookstores, Dining Services,

Student Housing, and Student Centers. In FY2011-12, the aggregate auxiliary operations

generated $2,926,652 total revenue. Net operating income before transfers was $218,330.

Service Enterprises - Board of Regents Policy R220 delegates review and approval authority to

the Board of Trustees for Service Enterprises reports, subject to being reported annually to the

Board of Regents. Service Enterprises provide a specific type of service to various institutional

departments, rather than to individuals, and is supported by internal charges to the user’s

departmental operating budget. Service Enterprises include Mailing Bureau, Telephone Services,

Motor Pool, Printing Services, Academic Computing, and Fuel Tank.

The Service Enterprises Report presents a summary for the Service Enterprises. The Service

Enterprises as a whole are healthy ending the 2011-12 fiscal year with an ending total income

from operations of $79,975.

RECOMMENDATION


Trustees approve the USU Eastern Auxiliary and Service Enterprises Annual Reports as

presented.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, Board of Regents policy requires that USU Eastern annually submits a Report of

Auxiliary Enterprises Operations and a Service Enterprises Report; and

WHEREAS, The Board of Trustees is to review and approve Auxiliary and Service Enterprises

reports; and

WHEREAS, The Report of Auxiliary Enterprises Operations summarizes actual revenues,

expenditures, transfers, and total net income/(loss) from operations for the fiscal year just ended;

and

WHEREAS, Auxiliary Enterprises included in the report are Price and San Juan Bookstores,

Dining Services, Student Housing, and Student Centers; and

WHEREAS, The Service Enterprises Report summarizes the actual revenues, expenditures,

transfers, and total net income/(loss) from operations for the fiscal year just ended; and

WHEREAS, Service Enterprises included in the report are Mailing Bureau, Telephone Services,

Motor Pool, Printing Services, Academic Computing, and Fuel Tank; and

WHEREAS, The President and Vice President for Business and Finance recommend approval of

the attached Report of Auxiliary Enterprises Operations and Service Enterprises Report:


attached Report of Auxiliary Enterprises Operations summarizing FY2011-12 actuals and the

Service Enterprises Report summarizing FY2011-12 actuals.


_____________________

Date

$917,019 $1,040,004 $887,857 $81,772 $2,926,652

$980,038 $945,288 $719,812 $63,184 $2,708,322

($63,019) $94,716 $168,045 $18,588 $218,330

($16,676) ($49,676) ($296,305) $33,543 ($329,114)

($79,695) $45,040 ($128,260) $52,131 ($110,784)

Operating Revenue $7,270 $22,621 $172,650 $17,657 $72 $3,889 $224,159

Expenses (including COGS) $11,844 $11,636 $86,293 $23,710 $0 $4,774 $138,257

Net Income/(loss) from operations ($4,574) $10,985 $86,357 ($6,053) $72 ($885) $85,902

Transfers $0 ($4,406) $0 ($1,441) ($80) $0 ($5,927)

Total Income/(loss) from operations ($4,574) $6,579 $86,357 ($7,494) ($8) ($885) $79,975

USU Eastern


Student

Housing

Report of Auxiliary Enterprises Operations

TOTALBookstoreDining

ServicesStudent Center

Fuel

Tank

Telephone

Services

Motor

Pool

Academic

ComputingTOTALRevenue/Expenses Category Mailing Bureau

Printing

Services


Operating Revenue

Expenses (including COGS)

Net Income/(loss) from operations

Total net Income/(loss) from operations

USU Eastern

Service Enterprises Report


Transfers

2 November 2012

ITEM FOR ACTION

RE: Report of Institutional Discretionary Funds for 2011-2012 (Actual), 2012-2013 (Estimate),

and 2013-2014 (Estimate) and Institutional Discretionary Funds Supplemental Report of

Budget Variances for the Fiscal Year Ended 30 June 2012

The attached Report of Institutional Discretionary Funds and Institutional Discretionary

Funds Supplemental Report of Budget Variances are submitted for the Trustees’

consideration. The reports have received the appropriate administrative review and

approval.

EXECUTIVE SUMMARY

Institutional discretionary funds are funds available for expenditure or transfer at the direction of

the President of the University, generated from one or both of the following sources:

A. Investment Income – Earnings resulting from the investment of cash balances in the

Education and General Current Funds, and earnings resulting from the investment of other

funds.

B. Unrestricted Gifts and Grants – Gift and grant funds which are not restricted by the source

to specific purposes, and are deposited in the Education and General Current Fund for

expenditure or transfer.

Board of Regents Policy R548 requires that a three-year report of discretionary funds be

submitted as part of the annual appropriated operating budget process. The report includes the

actual expenditures of discretionary funds for the most recent fiscal year (2011-2012), estimates

for the current fiscal year (2012-2013), and preliminary estimates of receipts and uses of funds

for the request year (2013-2014).

The Supplemental Report of Budget Variances includes the actual sources of funds available;

and the expenditures/transfers of these discretionary funds for the most recent fiscal year (2011-

2012), the original budget for the year, and the actual variance from the budget.

RECOMMENDATION


Trustees approve the Report of Institutional Discretionary Funds and the Institutional

Discretionary Funds Supplemental Report of Budget Variances for the Fiscal Year Ended 30

June 2012.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, State Board of Regents policy R548 requires an annual Report of Institutional

Discretionary Funds; and

WHEREAS, Utah State University is required to submit the Report of Institutional Discretionary

Funds to the Utah State University Board of Trustees for approval; and

WHEREAS, The Vice President for Business and Finance has reviewed the Report of

Institutional Discretionary Funds and the Institutional Discretionary Funds Supplemental Report

of Budget Variances for the Fiscal Year Ended 30 June 2012 and recommends approval to the

Board of Trustees; and

WHEREAS, The President of Utah State University has reviewed the Report of Institutional

Discretionary Funds and the Institutional Discretionary Funds Supplemental Report of Budget

Variances for the Fiscal Year Ended 30 June 2012 and recommends approval to the Board of

Trustees;

NOW, THEREFORE, BE IT RESOLVED, That the Utah State University Board of Trustees

hereby approves the Report of Institutional Discretionary Funds and the Institutional

Discretionary Funds Supplemental Report of Budget Variances for the Fiscal Year Ended 30

June 2012 as presented.

=====================================================================


___________________

Date

Utah State University

Institutional Discretionary Funds

Supplemental Report of Budget Variances

For The Fiscal Year Ended June 30, 2012

2011-12 2011-12 Dollar

Actual Budgeted Variance

I. Sources of institutional discretionary funds

A. Carryforward 1,521,774$ 1,521,774$ -

B. Current funds interest 5,292,917 4,800,000 492,917

C. Unrestricted gifts and grants 406,821 200,000 206,821

D. Total available 7,221,512 6,521,774 699,738

II. Expenditures by category and project

A. Academic program enrichment 254,500 254,500

B. Cultural enrichment 38,450 38,450

C. Scholarships, fellowships & student aid 3,435,563 2,675,000 760,563

D. Faculty development and recognition

E. Campus development 475,000 475,000

F. Seed money for program grants and contracts

G. Fund raising and institutional development 10,067 325,000 (314,933)

H. Equipment acquisitions

I. Supplemental library support

J. Other E&G current operating support 625,685 300,000 325,685

K. Transfers to/from other funds

(1) Support of Athletic department 1,262,616 1,500,000 (237,384)

(2) Net transfers to quasi-endowment funds 104,609 200,000 (95,391)

(3) Net transfers from other funds - -

L. Total expenditures/transfers 6,206,490 5,000,000 1,206,490

III. Carryforward 1,015,022$ 1,521,774$ (506,752)$


Institutional Discretionary Funds

Supplemental Report of Budget Variances

For The Fiscal Year Ended June 30, 2011

2011-12 2011-12 Dollar

Actual Budgeted Variance

I. Sources of institutional discretionary funds

A. Carryforward 1,521,774$ 1,521,774$ -

B. Current funds interest 5,292,917 4,800,000 492,917

C. Unrestricted gifts and grants 406,821 200,000 206,821

D. Total available 7,221,512 6,521,774 699,738

II. Expenditures by category and project

A. Academic program enrichment 254,500 254,500

B. Cultural enrichment 38,450 38,450

C. Scholarships, fellowships & student aid 3,435,563 2,675,000 760,563

D. Faculty development and recognition

E. Campus development 475,000 475,000

F. Seed money for program grants and contracts

G. Fund raising and institutional development 10,067 325,000 (314,933)

H. Equipment acquisitions

I. Supplemental library support

J. Other E&G current operating support 625,685 300,000 325,685

K. Transfers to/from other funds

(1) Support of Athletic department 1,262,616 1,500,000 (237,384)

(2) Net transfers to quasi-endowment funds 104,609 200,000 (95,391)

(3) Net transfers from other funds - -

L. Total expenditures/transfers 6,206,490 5,000,000 1,206,490

III. Carryforward 1,015,022$ 1,521,774$ (506,752)$

2 November 2012

ITEM FOR ACTION

RE: Bad Debt Write-off Recommendation for Fiscal Year Ending 30 June 2012

The attached information is submitted for the Trustees’ consideration. The material has

received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The bad debt write-off recommendations for fiscal year ending 30 June 2012 represented on

Schedule 1 and Schedule 2 attached.

Tuition Installment Plan, Short-term Loans, Returned Checks, E & G Tuition/Fees, and State

Line Tuition/Fees

This document provides an analysis of the recommended write-off for FY 2012 in each of the

five categories of receivables and a comparative analysis for FY 2010, and 2011.

The comparative analysis shows that the recommended FY 2012 dollar amount of write-off for

tuition installment plan loans is $25,770 less than FY 2011. The percent of approximate annual

dollar volume for FY 2012 is 0.0 percent and FY 2011 was 0.3 percent.

The comparative analysis for short-term loans shows that the recommended FY 2012 dollar

amount of write-off is $10,664 more than FY 2011. The percent of approximate annual dollar

volume for FY 2012 is 14.6 percent and FY 2011 was 4.2 percent.

The comparative analysis for returned checks shows that the recommended FY 2012 dollar

amount of write-off is $3,582 less than FY 2011. The percent of approximate annual dollar

volume for FY 2012 is 2.5 percent and FY 2011 was 6.4 percent.

The comparative analysis for E & G tuition/fees shows that the recommended FY 2012 dollar


volume for FY 2012 is .1 percent and FY 2011 was 0.0 percent.

The comparative analysis for State Line tuition/fees shows that the recommended FY 2012 dollar


volume for FY 2012 is .4 percent and FY 2011 was 0.0 percent.

Auxiliaries, Services, and Other

This document provides a comparative analysis for FY 2010, 2011, and 2012 of the dollar

amounts recommended for bad debt write-off by entity. The recommended bad debt write-off for

FY 2012 is $78,069 compared with $88,790 for FY 2011 and $29,899 for FY 2010.

Auxiliaries, Service Enterprises, and other entities were asked to submit accounts for write-off

approval. The total amount submitted for write-off represents approximately 0.66 percent of total

credit sales. Normal collection efforts, including statements, telephone calls, collection letters,

and collection agencies have been used as warranted before the accounts were submitted for

write-off approval.

RECOMMENDATION


Trustees approve the Bad Debt Write-off Recommendations for fiscal year ending 30 June 2012.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, The Bad Debt Write-off Recommendations for fiscal year ending 30 June 2012

have been compiled, reviewed and submitted for approval by the Utah State University

Controller’s Office; and

WHEREAS, The President and Vice President for Business and Finance have reviewed the Bad

Debt Write-off Recommendations for fiscal year ending 30 June 2012 and recommend approval

to the Board of Trustees; and

WHEREAS, The Utah State University Board of Trustees has reviewed the Bad Debt Write-off

Recommendations for the fiscal year ending 30 June 2012:

NOW, THEREFORE, BE IT RESOLVED, That the Utah State University Board of Trustees

hereby approves the Bad Debt Write-off Recommendations for fiscal year ending 30 June 2012

as presented.


_________________

Date

Schedule 1

BAD DEBT WRITE-OFF RECOMMENDATIONS

TUITION INSTALLMENT PLAN, SHORT-TERM LOANS, RETURNED CHECKS

E & G TUITION/FEES, AND STATE LINE TUITION/FEES

Fiscal Year Ending 30 June 2012

Program

Approximate

Annual Dollar

Volume

Bad Debt Expense

Percent of

Approximate

Annual Dollar

Volume

Funding

Source Number

Of Accounts

Amount

Tuition Installment Plan $0 2 $586.09 0.0% A

Short-term Loans $103,554 17 $15,094.21 14.58% B

Returned Checks $106,131 23 $2,608.90 2.46% A

E & G Tuition/Fees $98,194,156.50 113 $126,860.55 .13% C

State Line Tuition/Fees $23,061,964.51 96 $85,123.31 .37% C

Note A: The bad debt expense for tuition installment plan and returned checks is funded from service

charges assessed those involved in the program.

Note B: The bad debt expense for short-term loans is written off against the interest earned on loans and

when necessary the principal balance of the individual loan funds.

Note C: The bad debt expense for tuition and fees is written off against the tuition and fee revenue.

THREE-YEAR COMPARATIVE FIGURES

Program

Bad Debt Expense Percent of

Approximate Annual

Dollar Volume

2010

2011

2012

No. of

Accounts

Amount

No. of

Accounts

Amount

No. of

Accounts

Amount

2010

2011

2012

Tuition

Installment Plan

41

$37,001

28

$26,356

2

$586

0.8

0.3

0

Short-term

Loans

26

$8,114

13

$4,430

17

$15,094

8.0

4.2

14.6

Returned

Checks 46 $14,976 25 $6,191 23 $2,609 13.5 6.4 2.5

E & G

Tuition/Fees

113

$126,861

0

0

0.1

State Line

Tuition/Fees

96

$85,123

0

0

.4

Three -Year Three -Year

FY 2010 FY 2011 FY 2012 Total Average

Auxiliaries

Bookstore $10,741 $6,327 $12,578 $29,646 $9,882

Dining Services 681 831 4,365 5,877 1,959

Housing 11,692 49,662 56,378 117,732 39,244

Total Auxiliaries 23,114 56,820 73,321 153,255 51,085

Services

Soils Testing Lab 154 28 0 182 61

Facilities 0 0 1,175 1,175 392

Total Services 154 28 1,175 1,357 452

Other

Statesman Newspaper 2,900 31,889 2,411 37,200 12,400

Veterinary Diagnostic Lab 3,306 11 1,162 4,479 1,493

Innovation Campus Property Mngmt 425 0 0 425 142

TRISPED 0 42 0 42 14

Total Other 6,631 31,942 3,573 42,146 12,858

Grand Total $29,899 $88,790 $78,069 $196,759 $64,395

Schedule 2

COMPARATIVE SCHEDULE OF BAD DEBT WRITE-OFF RECOMMENDATIONS

AUXILIARIES, SERVICES, AND OTHER

Fiscal Year Ending June 31, 2012

2 November 2012

ITEM FOR ACTION

RE: Real Property Donation

The proposed property donation described herein is submitted for the Utah State University Board

of Trustees review and approval. The proposed action has received appropriate administrative

review and approval.

EXECUTIVE SUMMARY

Utah State University (USU) desires to accept a proposed donation of 6.92 acres of vacant land

located at 440 North Cedar Hills Drive, Price, Utah 84501. The property is part of approximately

25 total acres that the donor currently intends to convey to USU over the next few years. The

property lies about 0.5 miles east of USU Eastern campus in Price shown on Exhibit A and B

attached.

Pursuant to the donor’s intent, the land is to be used for expansion of USU’s educational and

research infrastructure in Price, Utah. Within the scope of current master planning, USU intends to

actively pursue funding for an education and energy research center to be established on the land.

Utah State University’s Environmental Health and Safety Office recently assessed the site,

reviewed the public records, and conducted interviews with individuals to determine the

environmental integrity of the area. The report stated that there were no indications of any

environmental problems associated with the property and that the land appears to be in good

condition and environmentally sound and safe.

RECOMMENDATION

The President and Vice President for Business and Finance recommend approval by the USU

Board of Trustees of the real property donation.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, Utah State University (USU) desires to accept a proposed donation of 6.92 acres of

vacant land located at 440 North Cedar Hills Drive, Price, Utah 84501; and

WHEREAS, The property is part of approximately 25 total acres that the donor currently intends

to convey to USU over the next few years; and

WHEREAS, The property lies about 0.5 miles east of USU Eastern campus in Price shown on

Exhibit A and B attached; and

WHEREAS, Pursuant to the donor’s intent, the land is to be used for expansion of USU’s

educational and research infrastructure in Price, Utah; and

WHEREAS, Within the scope of current master planning, USU intends to actively pursue funding

for an education and energy research center to be established on the land; and

WHEREAS, Utah State University’s Environmental Health and Safety Office recently assessed

the site, reviewed the public records, and conducted interviews with individuals to determine the

environmental integrity of the area; and

WHEREAS, The report stated that there were no indications of any environmental problems

associated with the property and that the land appears to be in good condition and environmentally

sound and safe:

NOW, THEREFORE, BE IT RESOLVED, That the Board of Trustees hereby approves the

donation of the above described real property, subject to obtaining approval from the Board of

Regents.


________________________

Date

2 November 2012

ITEM FOR ACTION

RE: Contract/Grant Proposals and Awards (June, 2012 Final)

The summary of the Status of Sponsored Program Awards, prepared by our Sponsored Programs Office for June 2012 is submitted for the Trustees’ consideration. They have received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The awards for the month of June 2012 amounted to $14,832,723 versus $15,996,985 for June, 2011. The comparative graph, “Utah State University Sponsored Program Awards” indicates that through June 2012 cumulative awards were lower (-4.3%) than last year for the same time period. Scholarships, fellowships, and state appropriations for research are not included in either figure. The value of proposals submitted by faculty increased from $41,010,436 in June 2011 to $52,319,757 during June, 2012 (27.6%). The total number of current year proposals (1,561) is more than FY2011 (1,477).

RECOMMENDATION

The President and Vice President for Research recommend that the Board of Trustees approves the contract and grant status report for June 2012.

RESOLUTION


WHEREAS, The attached list of contract/grant proposals and awards (June, 2012) are recommended by the President and the Vice President for Research to the Board of Trustees:

NOW THEREFORE, BE IT NOW RESOLVED, That the USU Board of Trustees hereby approves the recommendation of the President and the Vice President for Research. RESOLUTION APPROVED BY BOARD OF TRUSTEES: ______________________________________________________________________________ Date

2 November 2012

ITEM FOR ACTION

RE: Contract/Grant Proposals and Awards (July, 2012)

The summary of the Status of Sponsored Program Awards, prepared by our Sponsored Programs Office for July 2012 is submitted for the Trustees’ consideration. They have received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The awards for the month of July 2012 amounted to $23,602,850 versus $20,722,752 for July 2011. The comparative graph, “Utah State University Sponsored Program Awards” indicates that through July 2012 cumulative awards were higher (13.9%) than last year for the same time period. Scholarships, fellowships, and state appropriations for research are not included in either figure. The value of proposals submitted by faculty decreased from $73,393,149 in July 2011 to $41,857,762 during July 2012 (-43%). The total number of current year proposals (130) is less than FY2011 (156).

RECOMMENDATION

The President and Vice President for Research recommend that the Board of Trustees approves the contract and grant status report for July 2012.

RESOLUTION


WHEREAS, The attached lists of contract/grant proposals and awards (July, 2012) are recommended by the President and the Vice President for Research to the Board of Trustees:


2 November 2012

ITEM FOR ACTION

RE: Contract/Grant Proposals and Awards (August, 2012)

The summary of the Status of Sponsored Program Awards, prepared by our Sponsored Programs Office for August 2012 is submitted for the Trustees’ consideration. They have received the appropriate administrative review and approval.

EXECUTIVE SUMMARY

The awards for the month of August 2012 amounted to $15,609,887 versus $19,850,991 for August 2011. The comparative graph, “Utah State University Sponsored Program Awards” indicates that through August 2012 cumulative awards were lower (-3.4%) than last year for the same time period. Scholarships, fellowships, and state appropriations for research are not included in either figure. The value of proposals submitted by faculty decreased from $28,616,332 in August 2011 to $27,824,930 during August 2012 (-2.8%). The total number of current year proposals (233) is less than FY2012 (279).

RECOMMENDATION

The President and Vice President for Research recommend that the Board of Trustees approves the contract and grant status report for August 2012.

RESOLUTION


WHEREAS, The attached lists of contract/grant proposals and awards (August 2012) are recommended by the President and the Vice President for Research to the Board of Trustees:


ACTION AGENDA

NOVEMBER 2, 2012

1. Bonding Authority Request for Athletics Competitive/Practice Facility

2 November 2012

ITEM FOR ACTION

RE: Bonding Authority Request for Athletics Competitive/Practice Facility

EXECUTIVE SUMMARY

Having received approval from appropriate governing boards, including the Legislature in the

2011 General Session, to construct the Athletics Competitive/Practice Facility, Utah State

University desires now to request bonding authority from the Legislature in the upcoming 2013

General Session. Repayment of the bonds will be made from private donations received over time

from pledges made specifically to construct this facility.

The new facility will be located near the Spectrum. The 28,000 square foot facility has an

estimated cost of $7.5 million. The building will function primarily as a practice facility for

basketball and volleyball and as a venue for volleyball competitions. Basketball and volleyball

offices, meeting spaces, training rooms, small locker rooms, and ticket/concessions areas are other

spaces that may be included.

RECOMMENDATION

The President and Vice President for Business and Finance recommend that approval be given to

request Legislative bonding authority for this project.

RESOLUTION


BOARD OF TRUSTEES

WHEREAS, Having received approval from appropriate governing boards, including the

Legislature in the 2011 General Session, to construct the Athletics Competitive/Practice Facility,

Utah State University desires now to request bonding authority from the Legislature in the

upcoming 2013 General Session; and

WHEREAS, Repayment of the bonds will be made from private donations received over time

from pledges made specifically to construct this facility; and

WHEREAS, The new facility will be located near the Spectrum; and

WHEREAS, The 28,000 square foot facility has an estimated cost of $7.5 million; and

WHEREAS, The building will function primarily as a practice facility for basketball and

volleyball and as a venue for volleyball competitions; and

WHEREAS, Basketball and volleyball offices, meeting spaces, training rooms, small locker

rooms, and ticket/concessions areas are other spaces that may be included; and

WHEREAS, The President and Vice President for Business and Finance recommend that approval

be given to request Legislative bonding authority for this project:

NOW, THEREFORE, BE IT RESOLVED, That the USU Board of Trustees hereby approves to

request Legislative bonding authority for this project.

____________________________________________________________________________

RESOLUTION APPROVED BY THE USU BOARD OF TRUSTEES

Date

STRATEGIC AGENDA NOVEMBER 2, 2012

1. Enrollment Management Plan James Morales, Vice President for Student Services

2. Graduate Program Review Update Mark McLellan, Vice President for Research and Dean of Graduate Studies

COMMITTEE MEETING AGENDAS

NOVEMBER 2, 2012

Audit Committee Meeting

7:30 a.m.

University Inn, Room 510

(Robert Foley, Chair; Ron Jibson, Scott Nixon, Mark Holland)

Honorary Degrees and Awards Committee Meeting

7:30 a.m.


(Suzanne Pierce-Moore, Chair; Jody Burnett, Doug Foxley, Ron Jibson, ex-officio;

Scott Watterson, ex-officio)

Athletics Committee Meeting

1:00 p.m.


(Scott Nixon, Chair; Jody Burnett, Christian Thrapp, Scott Watterson)

AGENDA

AUDIT COMMITTEE

NOVEMBER 2, 2012

UNIVERSITY INN, Room 510

7:30 A.M.

I. Action Item

A. Minutes of Audit Committee Held on May 4, 2012

II. Information Items

A. Review of Admissions’ Scholarship James Morales

B. Level of compliance that should be expected

and what should be done these expectations are not met Trustee Foley

C. Review of P-Card questions from Trustee Holland Jodi Bailey

III. Status Updates on the External Audits of Annual Financial Statements Dave Cowley

IV. Other

Audit Committee Members

Robert L. Foley, Chair

Ronald W. Jibson

Mark K. Holland

J. Scott Nixon

AGENDA

HONORARY DEGREES AND AWARDS COMMITTEE

NOVEMBER 2, 2012


7:30 A.M.

1. Call for nominations

2. Honorary Degree nominations 2013

3. Commencement Speaker nominations 2013 and 2014

4. Other

Honorary Degrees and Awards Committee Members

Suzanne Pierce-Moore, Chair

Jody K. Burnett

Douglas S. Foxley

Christian Thrapp

Ronald W. Jibson (ex-officio)

Scott R. Watterson (ex-officio)

AGENDA

ATHLETICS COMMITTEE

NOVEMBER 2, 2012


1:00 P.M.

1. Welcome and Introductions

2. Academic and Competition Year in Review

3. Budget Report

4. Strategic Initiatives

Facilities Update

Trademark and licensing

Outbound Ticket Sales

WAC/MWC Business

5. Compliance Culture

6. Other Business

Athletics Committee Members

J. Scott Nixon, Chair

Jody K. Burnett

Christian S. Thrapp

Scott R. Watterson

Office of the Executive Vice President and Provost Raymond T. Coward, Executive Vice President and Provost

[email protected] • 435-797-1167

2 November 2012

Events, Actions, or Issues Since the Last Trustee’s Meeting

The School of Teacher Education and Leadership in the Emma Eccles Jones College of Education and Human Services received a $15.4 million dollar grant, which will be distributed over 7 years. Utah State University, along with seven rural school districts, three charter schools, the Ute Indian Tribe, and four community/business organizations created a partnership to address the needs of low-income and at-risk students in small rural communities in northern Utah. The Science, Technology, Mathematics, and Reading (STARS!) GEAR UP (Gaining Early Awareness and Readiness for Undergraduate Program) Partnership will invest in helping students develop the habits that are tied to improved academic performance and greater college readiness. The STARS! Gear Up will serve a cohort of 2,793 students from middle school into their first year in college. Utah State University has received a $3 million federal grant to try improving battery performance for electric vehicles. The grant is part of $43 million in funding announced earlier this month from the U.S. Department of Energy's Advanced Research Projects Agency. USU professor Regan Zane says researchers will use the three-year grant to develop a system that could decrease the cost of a battery pack by 25%. USU is the lead research organization on the project, and is partnering with the University of Colorado and the Ford Motor Company.

Associate Professor of Art History Alexa Sand’s forthcoming book will appear with Cambridge University Press in 2013. Vision, Devotion, and Self-Representation in Late Medieval Art is an in-depth study of the role of “reflexive imagery” in the religious lives of lay people in the later medieval centuries. Reflexive images, as Sand defines them, are those images that ask the viewer to see herself reflected back from within the very pages of her own prayer book; sometimes these pictures are portraits of the book owner, but sometimes they can be representations of the face of Christ himself, given the medieval belief that all human beings are made in the image of God. Where earlier scholarship on medieval portraiture has focused on the rise of humanism and modern conceptions of individuality, Sand situates these medieval portraits within the spiritual ambitions of the educated laity in a vibrant era of religious upheaval and renewal. The Swaner EcoCenter hosted 13 one-week youth environmental education summer camps with over 165 campers enrolled. The camps focused on educating youth about wetlands, watersheds and wildlife. USU secured a $1.5 million matching gift to complete payoff of the Swaner EcoCenter building loan and has received a gift of $250,000 towards this match already.

In August, the USU Office of Global Engagement welcomed 11 new Armenian students and 30 new Dominican students. This is in addition to approximately 150 other new international students. At the start of the Fall semester, two Honors students were selected to attend the National Political Conventions: one to attend the Republican Convention, and the other the Democratic Convention. Each found their experience intellectually rewarding and inspirational. Lindsey McBride, a junior with a dual major in English and Business, describes a memorable moment by saying, "The audience at the convention and every person watching from around the United States saw what a strong woman Mia Love was that day, but it had a significant impact on me. I was able to see a woman I admire make a difference simply through her words, and it inspired me to develop the skills to make a similar difference." And, Briana Bowen, a junior in Political Science, recounts her experience in the following way, "The time provided us during the first week of the seminar allowed for rich discussions on politics and religion and philosophy that were born during the early breakfast hours and carried on long past dusk. [Later], I was one of a handful of volunteers stationed on the access control points for the First Family’s suites. Surrounded by the presidential and vice presidential security details, I executed my duties and watched the President’s acceptance speech adjacent to half the Cabinet and the White House staff." Both students were stretched by the experience, and have brought valuable insights back to discuss with their classmates at USU. Professor Todd Crowl, department of Watershed Sciences, is the project director of the iUTAH EPSCoR Office. iUTAH (Innovative Urban Transitions and Aridregion Hydro-sustainability), is a statewide effort dedicated to maintaining and improving water sustainability in Utah. Funded by the National Science Foundation's EPSCoR program (Experimental Program to Stimulate Competitive Research), this five-year, $20 million competitive award will assist in building the human and research infrastructure needed to sustainably manage Utah's water resources. The award went into effect August 1, 2012.

Vice President for Business and Finance

Name: David T. Cowley

Telephone: 797-1146

E-mail: [email protected]

Date: 2 November 2012

Events, Actions, or Issues since Last Trustee’s Meeting:

Finance:

o The Certificate of Treasurer for July 2012 is included in the Trustees Consent Agenda. The State

Appropriated Funds budget at 31 July 2012 totaled $308,020,105, up $8,566,700 (2.86%) over the

same 2011-2012 period. The year-to-date state appropriated funds expenditures totaled $22,333,202,

up $2,093,666 (10.34%) over the same 2011-2012 period and represented 7% of the total budget. The

percent of budget expended, 7%, was 1% less than would be expected to be spent on a strict time of

budget year expired basis. Total expenditures for all funds totaled $49,443,253, up $4,057,483

(8.94%) over the same 2011-2012 period.

o The Report of Investment for July 2012 is included in the Trustees Consent Agenda. The Report of

Investments includes schedules reporting the investment activity for July 2012 and comparative year-

to-date totals for FY2011-2012 and FY2012-2013. The schedules include the Cash Management

Investment Pool, Endowment Pool, Other Investments, Endowment Trusts, and Plant Fund Trusts.

Also included is the Summary of Investment Transactions. The University’s average daily fair value

invested for the month of July was $383,488,465. Purchases totaled $17,887,334 and sales totaled

$20,574,306. From this activity the University realized net gains of $167,916 and earnings of

$1,130,820. The Cash Management Investment Pool fiscal year-to-date annualized rate of return,

including market fluctuations, was 8.28% at 31 July 2012. The Endowment Pool fiscal year-to-date

annualized rate of return, including market fluctuations, was 10.05% at 31 July 2012.

Facilities:

o Aggie Legacy Fields - Construction is complete. The ribbon cutting ceremony was held on

September 25, 2012.

o Regional Campuses & Distance Education Building - Construction is complete. The ribbon cutting

ceremony was held on October 3, 2012.

o Jon M. Huntsman School of Business Addition - GSBS/LMN was the architect selected and has

completed the programming. Schematic design is underway. Spindler Construction was selected as the

Construction Manager / General Contractor. Tunnel extension and utility relocation is approximately

50% complete. Design for the building is undergoing final review.

o Athletics Strength and Conditioning Center - AJC Architects was selected for programing and

design. Spindler Construction was selected as the Construction Manager / General Contractor.

Construction of footings and foundations are underway.

o USU Eastern Blanding Campus Student Housing - Method Studio was selected for programing and

design. Gramoll Construction was selected as the Construction Manager / General Contractor.

Footings and foundations are under construction.

mailto:[email protected]

Information Technology:

o Contract Awarded for new Phone System - A contract was awarded to CenturyLink for a ShoreTel

Voice over Internet Protocol (VOIP) telephone system to replace the 18 year old analog system.

Thanks to a competitive bid and contract negotiations, this system was obtained at an unprecedented

discount. An initial pilot of 100 telephones will go live in October of 2012, with the roll out to the

Logan campus starting in early 2013. The new system will accommodate more than 3100 handsets and

provide unified communications, mobile app, and desktop integration.

o Electronic Transcript Ordering and Transfer - The Office of the Registrar and Information

Technology finished the implementation of a system that will allow students, prospective students, and

alumni, to electronically order and transfer transcripts to and from other schools. This will

significantly speed up application and transfer times for students. The system implementation at USU

is being hailed as a model for Higher Education, and works directly with the school's Banner

registration system.

o Moving away from Paper - Utah State University has made another stride towards a paperless world.

The Office of Academic Advising, The Office of Analysis, Assessment, and Accreditation, and

Information Technology implemented a new online graduation application system. During this first

phase the graduation application for associates degrees was placed online with more to follow.

o Increased Student Registration Systems Performance - With increased numbers of students

registering for classes during the priority registration period, Information Technology is performing

maintenance on October 19th to provide more computing power to accommodate more simultaneous

registrations and other transactions.

2 November 2012

ITEM FOR INFORMATION

RE: Leased Facilities Report

The attached Annual Facility Lease and Rental Report is submitted to theTrustees for information.

EXECUTIVE SUMMARY

The attached “ANNUAL FACILITY LEASE AND RENTAL REPORT” is a listing of allfacility leases of any significance by the University as of 31 July 2012.

The listing involves leases for a wide variety of locations and uses. Several of thefacilities are leased in locations around the State of Utah for Regional Campuses andDistance Education programs or programs sponsored by the Center for Persons withDisabilities, which require access by clients in those areas.

Annual Leased Facilities Report 2 November 2012

USHE

Annual Facility Lease and Rental Report

UTAH STATE UNIVERSITY July 31, 2012

Location - Dept./Project

Gross

Sq. Ft.

Annual Cost

Per Sq. Ft.

Net or Full

Service

Annual Cost

Yearly

Terms in

Months

Expiration

Date

Source of

Funding Escalation

Monthly

Lease

Payment Type of Space

Blanding, 1575 S Hwy 191 - UDOT - Cert Tech Ed

Program in Trucking & Heavy Equipment Operations56,628 $.11 Net $6,000

60 mo

03/31/16

USU-CEU

San Juan,

Blanding

None $500.00

Classroom/office/

maintenance

shop/fenced

storage area

Brigham City, Life Span Learning Center - DFCM,

265 West 1100 South, Brigham City UT**20,295 $5.13 Net $104,113

12 mo

6/30/13

State line

item &

Other

funds appr

Review

annually$8,676.00 Classroom/ office


265 West 1100 South, Brigham City UT ** 15,427 $1.80 Net $27,768

12 mo

6/30/13

State line

item &

Other

funds appr

Review

annually$2,314.00 Storage


265 West 1100 South, Brigham City UT **31,033 $5.13 Net $159,200

12 mo

6/30/13

State line

item &

Other

funds appr

Review

annually$13,266.67 Classroom/office

Brigham City, 10 S 400 E - Reeder Holding Inv. -

CPD Early intervention 2,073 $5.29 Full $10,960

36 mo

6/30/14

Other

Funds

Escalates

2% annually$913.32 Classroom

Cache County/Logan Airport Authority (Hangar FL-

10) - ITEE 7,040 $1.71 Net $12,040

120 mo

6/30/16

Other

Funds1K per yr. $1,003.33 Hangar

Cache County Airport - M&M of Logan LLC, Hangar

9A and Office 9 - ITEE14,275 $6.28 Net $89,650

60 mo

1/10/13

Other

Funds

Review

annually$7,470.83

Hangar FL 9A

and Office in FL 9

USHE




Gross

Sq. Ft.

Annual Cost

Per Sq. Ft.

Net or Full

Service

Annual Cost

Yearly

Terms in

Months

Expiration

Date

Source of

Funding Escalation

Monthly

Lease


Castle Dale, 65 North Center - Daine Behling - CPD

SW Early Intervention1,760 $2.73 Net $4,800

12 mo

6/30/13

Other

FundsNone $400.00 Classroom/office

Logan, 1780 North Research Parkway, Ste 110,

North Logan - USU VP Commercialization & Reg

Devel

4,679 14.42 Net $67,471120 mo

9/15/21

Other

Funds

Escalates

3% annually$5,622.59 Office (Research)

Logan, 1780 North Research Parkway, Ste 112

North Logan - Technical Assistance for Excellence in

Special Education

4,291 15.54 Net $66,69060 mo

6/30/17

Other

Funds

Escalates

3% annually$5,557.50 Office/classroom


North Logan - USU Advancement1,140 14.51 Net $16,547

12 mo

1/31/013

Other

Funds

Escalates

3% annually$1,378.94 Office/classroom


North Logan - USU Dr Farrell Edwards Research

Group/Plasma Physics

1,300 15.55 Net $20,20912 mo

2/16/13

Other

Funds

Escalates

3% annually$1,684.00 Office (Research)


123a, & 125 - USU Geology Luminescence Lab799 13.95 Net $11,146

60 mo

11/30/14

Other

Funds

Escalates

3% annually$928.87 Office (Research)

Logan, Bullen Center, 43 South Main - Cache Valley

Center for the Arts - UPR980 $1.53 Full $1,500

12 mo

11/30/13

Other

Funds

As

Negotiated$125.00

Radio Station and

Office

USHE




Gross

Sq. Ft.

Annual Cost

Per Sq. Ft.

Net or Full

Service

Annual Cost

Yearly

Terms in

Months

Expiration

Date

Source of

Funding Escalation

Monthly

Lease


Moab,190 E 100 N - Grand County School Dist -

CPD SW Early Intervention1,104 $7.07 Full $7,800

12 mo

6/30/13Other None $650.00 Classroom/Office

Orem/Provo Education Center, Central Park West

Bldg, 1875 S State - RCDE2,494 $15.50 Full $38,657

24 mo

12/31/13

Other

FundsNone $3,221.42 Classroom/Office

Price, 59 S 700 E - Sylvia Fassio - CPD SW Early

Intervention1,200 $4.00 Net $4,800

24 mo

6/30/14

Other

FundsNone $400.00 Classroom/Office

Salt Lake City, 1213 East 2100 South - UT Dairy

Commission - Dept. Nutrition & Food Sciences231 $12.99 Full $3,000

36 mo

6/30/14

E&G-State

appropriateNone $250.00 Office

Salt Lake City, Wells Fargo Bldg, 299 South Main St,

Development Office1,601 $10.99 Full $17,592

month to

month

Other

FundsNone $1,466.00

Development

Office/Retail

Salt Lake City, Granite School District

2500 South State Street, SLC25,689 $8.75 Full $224,808

60 mo

7/31/17

Other


Tremonton, 28 West 100 North - Capener-Marble

Condos - USUBC1,100 $14.59 Full $16,045

60 mo

12/31/13

Other


USHE




Gross

Sq. Ft.

Annual Cost

Per Sq. Ft.

Net or Full

Service

Annual Cost

Yearly

Terms in

Months

Expiration

Date

Source of

Funding Escalation

Monthly

Lease


Washington DC, 211 Jeff Davis Hwy, Apt 504 -

Gates Hudson - HASS1,442 $21.51 Net $31,020

month to

month

Other

FundsNone $2,585.00

Residential apt

for Students

Washington DC, 211 Jeff Davis Hwy, Apt 916 -

Gates Hudson - HASS1,701 $25.00 Net $42,540

12 mo

4/30/12

Other

FundsNone $3,545.00

Residential apt

for Grad Student

Washington DC, 211 Jeff Davis Hwy, Apt

1108N - Gates Hudson - HASS1,572 $19.73 Net $31,020

12 mo

4/30/12

Other

FundsNone $2,585.00

Residential apt

for Advisor

TOTALS 199,854 $1,015,377 $84,614.54

**This space is not occupied under a lease, but rather an operating and maintenance agreement with Division of Facilities Construction & Management (DFCM).

USHE

Summary by Type of Space


Type of Space

Leased

Current FY

Total Sq. Ft.

Current FY

Annual Rent

Projected

FY 2014

Total Sq. Ft.

Projected

FY 2014

Annual Rent

Classroom/Office 130,106 $647,720 130,106 $647,720

Classroom 2,073 $10,960 2,073 $10,960

Hangar 21,315 $101,690 21,315 $101,690

Office 231 $3,000 231 $3,000

Office/Other 19,209 $20,832 19,209 $20,832

Research 6,778 $98,827 6,778 $98,827

Residential 4,715 $104,580 4,715 $104,580

Storage 15,427 $27,768 15,427 $27,768

TOTAL 199,854 $1,015,377 199,854 $1,015,377

USHE

Changes to Lease Report

Utah State University July 31, 2012

Action

(Change, Add, Delete) Leased Property

Change to

Total Lease

1, (1), 0 Sq. Ft.

Annual

Expenditure

AddBlanding, 1575 South Hwy 191 - UDOT - Cert Tech Ed Program in

Trucking & Heavy Equipment Operations1 56,628 $6,000.00

ChangeBrigham City - Reeder Holding Inv - Early Intervention CPD Up-to-3

10 South 400 East0 0 $214.84

ChangeCastle Dale UT, CPD SW Early Intervention, 65 North Center, Castle

Dale UT - Lease changed to exclude utilities0 0 -$2,400.00

DeleteLogan USU Research Foundation - Tech Transfer Office Bldg 570, Ste

101(1) -3,079 -$45,999.00

AddLogan, 1780 North Research Parkway, Ste 110, North Logan - USU VP

Commercialization & Reg. Devel. Replaced Tech Transfer1 4,679 $67,471.08

AddLogan, 1780 North Research Parkway, Ste 112, North Logan -

Technical Assistance for Excellence in Special Education1 4,291 $66,690.00

AddLogan, 1770 North Research Parkway, Ste 165, North Logan - USU

Advancement1 1,140 $16,547.28

AddLogan, 1750 North Research Parkway, Ste 105, North Logan - USU Dr

Farrell Edwards Research Group/Plasma Physics1 1,300 $20,209.00

AddLogan, 1770 North Research Parkway, Ste 123, 123a, & 125 - USU

Geology Luminescence Lab1 799 $11,146.44

Delete Moab UT Emporium - UCC 11 North Main 3, Moab UT (1) -218 -$3,300.00

AddMoab,190 East 100 North - Grand County School Dist. - CPD SW Early

Intervention1 1,104 $7,800.00

DeleteJamestown Bldg - CPD Early Intervention Up-to-3 (1 suite)

1115 North 200 East, Logan UT(1) -1,255 -$16,152.00

4 65,389 $128,277.64

UTAH STATE UNIVERSITY COOPERATIVE EXTENSION, UTAH AGRICULTURAL EXPERIMENT STATION, AND COLLEGE OF AGRICULTURE Noelle E. Cockett, Vice President for Extension & Agriculture; Dean of the College of Agriculture October 2012 An award from the Mexican Government will assist Utah State University Extension in offering bilingual and technology literacy classes to adults and youth through the Logan City School District. The funding is matched by the USU Community Credit Union and was awarded in August by Mexican Consul Socorro Rovirosa to offer community education programs to Latino populations in Utah. The award was received by Hector Mendiola, USU Extension director of programs for Latino communities, and Shane Ogden, Logan High School principal, and will support the Community Learning Center formed by USU Extension, Logan High School, Instituto Tecnológico de Monterrey and the Consulado de México. Two Utah State University Extension educators met with Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff for the United States Military, at the Tooele Army Depot. Dallas Hanks, director of the Center for Agronomic and Woody Biofuels, and Chuck Gay, associate vice president for USU Extension, met with Gen. Dempsey and gave him a report that detailed information about the potential of growing biofuel feedstock on U.S. Army ground. Gen. Dempsey was briefed by Hanks about his project of working to utilize Army land to grow biofuel feedstock, specifically on the land managed by the Tooele Army Depot.

Utah State University’s Western Sustainable Agriculture Research and Education Center (SARE) has received $4.15 million to assist farmers and ranchers in the Western states, Alaska, Hawaii, Guam, the Federated States of Micronesia, American Samoa and the Commonwealth of the Northern Mariana Islands.

Allen Young and Kerry Rood, faculty in Utah State University’s College of Agriculture, are part of a U.S. Department of Agriculture Foreign Agricultural Service project to help the country upgrade its agricultural productivity and veterinary science program. One of the areas the country would like help becoming self-sufficient in is agriculture, feeding its own people. Flanked by the Caspian Sea, Armenia, Georgia and Iran, Azerbaijan is both oil rich and agriculturally poor.

The Utah State University Botanical Center held an open house Oct. 11 which included a demonstration of the wood-powered Dragon Wagon, USU’s mobile gasification unit designed to make electricity from wood as a sustainable energy alternative. Tour maps for the gardens were distributed at the farmers market information booth, and tour guides were stationed at the four botanical gardens to provide free plant lists and information. The tour included the Varga Arboretum, the new Stokes Ornamental Grass Garden, the Utah House Garden and the new Backyard Demonstration Orchard.

Office of State and Federal Relations 1

Neil Abercrombie Director of Government Relations [email protected] 435-797-0257 October 11, 2012

State Fiscal Update The state of Utah ended FY 2012 with an $85 million General and Education Fund revenue surplus. After expenditure adjustments and transfers to the Rainy Day Funds the budget surplus is around $46 million ($11.3 million GF and $35 million education fund). Forecasted revenue growth for FY 2013 budget is still targeted at 2.4%. Utah is currently at 82% of the constitutional debt limit. The Utah State Fiscal Analysts estimate that the state will be at the 77% limit in FY 2014 and at 68% in FY 2015. This limit is determined by a ratio of total debt to property values in the state. Utah will pay off $315 million of bond principal and $129 million of interest on general obligation bond debt in FY 2014. State Legislative Topics in Higher Education

• 66% Goal Initiative o Governor Herbert and business leaders continue to focus efforts toward the goal of 66% of

Utahns with a postsecondary certificate by 2020. The Utah System of Higher Education will seek from the Legislature new on-going funding of $20 million each year beginning in FY 2013, with the commitment that institutions will contribute $20 million through innovation, efficiencies, and generated tuition. Institutions will focus efforts on program capacity and completion and targeted scholarships.

• Mission Based Funding o Senator Steve Urquhart will likely remain the Chair of Higher Education appropriations for

the 2013 legislative session. Senator Urquhart continues to focus many of his priorities to mission based funding goals. The August 2012 Higher Education interim reviewed mission based or performance based funding models in other states. Senator Urquhart addressed graduate school for USU and UofU as a metric of performance for mission based funding.

• Buildings and capital facilities o Utah State has two projects ranked in the top eight of the USHE Capital Development

Priorities USU Biological Sciences Building (STEM) -- $60M (ranked 4th)

This project includes $45 million new building and $15 million renovation of the Biology and Natural Resources Building. The new building will provide critical research laboratories.

USU-CEU Central Instruction Building -- $20M (ranked 5th) This project will replace the SAC and Music Buildings with general instructional building located adjacent to the historic Geary Theatre.


Key Dates

• November 6th – Election Tuesday • November 8th – Legislative leadership elections • November 15th -- First day a legislator-elect may file legislation • December 19th – Last day for Executive Appropriations Committee to set initial budget matters. • January 28th – First day of the 2013 legislative session • February 6th – Last day for the Legislature to consider base budget bills. • March 14th – Last day of the 2013 session

Vice President for Research and Dean of the School of Graduate Studies Name: Mark R. McLellan Telephone: 797-1180 Email: [email protected] Date: August through October, 2012 Events, Actions or Issues since last Trustee’s Meeting: • New Faculty Research Luncheon (August 21)

Luncheon held to introduce new faculty to RGS research support programs and directors, as well as help participants meet other colleagues and get better acquainted with proposing, conducting and reporting research at USU.

• University of Utah Interface (August 24) Quarterly meetings with Tom Park, University of Utah Vice President for Research.

• USURF Board of Trustees Meetings (August 27-28) Participated in USURF Board meeting which included sub-committee meetings focused on Strategic Planning, Compensation/Succession Committee, as well as Business and Audit.

• Washington State University (September 6) – Visited Washington State University to get an understanding of how they manage and operate their core facilities. A future visit to UC Davis will also take place in an effort to review best practices that will be of benefit to Utah State University.

• Integrative Graduate Education and Research Trainee (IGERT) Workshop (September 7) Three successful IGERT awardees from other institutions were brought to campus to provide information to USU faculty on the goals and priorities of the NSF IGERT program. Workshop participants had team discussions of potential IGERT topics, as well as brainstorming sessions with guest presenters.

• 2012/2013 Presidential Doctoral Research Fellows (PDRFs) – (September 12) This inaugural dinner was hosted by President and Joyce Albrecht. The primary objective of the PDRF program is to raise USU’s national and international reputation for high-quality graduate student research and mentoring through recruitment, retention, and graduation of world-class doctoral students.

• Legislative Discussions in D.C. (September 17-18) – In coordination with President Albrecht and Neil Abercrombie.

• Office of Research and Graduate Studies – 1) Graduate Program self study and five-year plan reviews underway. Goal is to identify

and implement world class graduate training at USU. 2) Draft plan in process to recommend funding considerations for Graduate Student

Tuition Awards for FY2013. 3) Preparations for 2013/2014 PDRF guidelines. 4) Position posting completed to replace Dr. Shelley Lindauer on January 1, 2013. 5) Faculty Grant Writing Workshop (October 9)

Future Events, Actions, or Issues:

• USU Sunrise Session in Salt Lake City (Oct. 26) • TEDx at USU – November 7


STUDENT SERVICES

Name: James D. Morales Telephone: 797-9250 e-mail: [email protected] Date: October 11, 2012 Focus of Student Services As a standard part of this report, a page will be included providing updates on enrollment and recruitment activities. The first page of this report will focus on programs and activities relating to the efforts being provided by the many outstanding and supportive departments within the Division of Student Services. Department Reports Utah State University's Academic Resource Center (ARC) provides learning assistance and academic support programs to help students enhance their academic performance, with goals of improving study skills and learning strategies, academic self-efficacy, and confidence in their ability to succeed in their college courses. The ARC collaborates with university faculty, staff, and students in providing a variety of academic support services and instructional approaches to address students' diverse levels of academic preparation, study skills, and learning styles. ARC programs stress active student participation and acceptance of responsibility for their academic experiences, while helping students identify their academic and personal strengths as well as assessing and correcting habits that may hinder achievement of their educational goals.

The Academic Resource Center provided the following services for the year 2011-2012(July 1st, 2011 – August 30, 2012):

PSY 1730 • 20 sections taught (An increase of 4 courses based on demand) • 382 students completed the seven week study skills course

Supplemental Instruction • 7,368 students attended at least one SI session • A total of 29,432 individual contacts were made with students • A total of 66 courses were supported with SI instruction

Math/Stats Tutoring • 1,538 tutoring hours were provided • 2,067 students attended at least one session • A total of 16,836 individual contacts were made with students

Individual Study Skills Consultations • 240 one hour sessions were attended • 142 individuals attended one or more sessions • 130 students attended one or more non IC individual sessions

Presentations and Workshops • 78 customized presentations or workshops were presented by staff to 8 different colleges, student clubs

and organizations • 1624 students attended

Academic Success Print Media Distributed • 7,962 Idea Sheets (study skills handouts) • 14,300 multiple handouts highlighting ARC resources and services


Access and Diversity Center Mission: Promoting access, enhancing students’ educational experience, partnering for retention, fostering responsible citizenship, and developing diverse student leaders at Utah State University. The Access and Diversity Center celebrated our second anniversary on July 1, 2012. Programs to support Multicultural, Veterans, LGBTQA, Non-traditional students continue to grow. In addition, our Educational Outreach program has a new addition of the C5 Group. Disadvantaged high school students from urban areas around the country visit Utah State University for one night. Students from Texas, Georgia, New York and Massachusetts to name a few, had the opportunity over the summer to spend the night in the dorms, participate in fun evening activities and then take a campus tour the following day prior to departing for a wilderness experience in the Tetons. We are currently working with C5, a foundation funded by the Coca Cola Corporation, to serve as a support for the students who decide to attend Utah State. This has not only been an exciting opportunity for our visiting high school students but for USU students who serve as guides and mentors. Todd Milovich serves as the program coordinator for Educational Outreach. This year, the Access and Diversity Center will play an instrumental role in delivery of services within the recently funded GEAR UP STARS! Partnership Grant. East Wendover High School and American Eagle Prep have requested parent, tutoring, college prep programs and campus visits for high school juniors. Mario Pereya and Brooke Lambert have joined our team. Both have extensive experience working with students. Mario brought a new vision of “Realize your Education Potential“ for our incoming multicultural freshman and has revamped the program. Brooke Lambert is introducing new programs to support the LGBTQA students. Rachel Brighton, our program coordinator for the Nontraditional Students has created the Rapid Learning Drop-in Sessions to provide quick tips on topics ranging from time management, stress reduction, balancing family, work and school, etc. In addition, the first official Nontraditional Newsletter has been published to support the growing number of students within this demographic. Lastly, a new student leadership program has been developed to prepare students who are interested in running for student leadership positions at Utah State University and beyond. These are but a few snapshots of the exciting things happening within the Access and Diversity Center. In the past year, approximately 900 students have visited the center. On average, 1,000 students per month have made a connection with the Access and Diversity Center through sponsored activities, events, programming and scholarship awarding. Enrollment Summary Information (Oct 1, 2012) Fall 2012 Fall 2011 Fall 2010 Enrolled New Freshman (AAA Total)* 3,076 3,151 3,125 Enrolled Domestic New Freshman (Fall) 2,949 3,020 2,957

Enrolled Domestic New Resident Freshman (Fall) 2,173 2,235 2,296 Enrolled Domestic New Nonresident Freshman (Fall) 776 785 661 Enrolled New Transfers (AAA Total)* 1,129 1,137 1,085 *AAA Enrolled New Freshman and Transfer numbers include domestic and international student enrollment. 2012-2013 Recruitment and Events

On-Campus Events

• Campus Tours- (Daily) - 10:15 am and 1:15 pm • Football/Basketball/Bring-A-Date Games (September to March) - host 100 students per game • Transfer Days (Sept- April) - select Fridays for transfer students • Cache Valley Open House (Oct 25) • Aggie Leadership Extravaganza (Nov 2, Nov 10) - leadership students

• Transfer All-Out-Aggies (Sept 29, Feb 9) - transfer students • Diversity Days (Nov 16) - multicultural students • Ultimate Aggie Experience (Jan 26, 2013) - underage students • Out-of-State Weekend (Feb 16, 2013) – out-of-state students • Hispanic Leadership Conference (Mar 1, 2013) - multicultural students • Scholars Day (March 28, 2013) - scholarship recipients • A-Day (March 29, 2013) - all admitted students • USU Leadership Conference (June 17-20, 2013) - leadership students

In-State

• High School Tour- (September to October) - presentations to seniors in every Utah High School • Ice Cream Run (Aug 27 - 31) – visits to high school counselors • USU Counselor Conference (Sept 14) • State Counselor Conference (Sept 21) • Salt Lake Open House (Oct 3) • Davis/Weber County Open House (Oct 9) • Utah County Open House (Oct 23) • Cache Valley Open House (Oct 25) • Salt Lake Fair (Oct 27) • St George/Southern Utah Open House (Nov 27)

Out-of-State

• High School Visits (Sept - Nov) - ID, WY, CO, NV, AZ, WA, OR, IL • College Fairs (Sept - Nov) - ID, WY, CO, NV, AZ, WA, OR, IL, MT • Reno, NV Reception (Sept 18) • Chicago-Naperville, IL Reception (Oct 2) • Chicago-Libertyville, IL Reception (Oct 3) • Preston, ID Open House (Oct 11) • Phoenix-Mesa, AZ Open House (Oct 16 ) • Denver, CO Open House (Oct 24) • Portland, OR Reception (Oct 30) • Seattle, WA Reception (Nov 6) • Idaho Falls, ID Open House (Nov 7) • Boise, ID Open House (Nov 15) • Las Vegas, NV Open House (Nov 28) • National College Fairs in CA & CO (April 2013)

Utah State University Board of Trustees Advancement Update

July - October 2012

Development

• The Honoring Tradition, Securing Our Future Campaign final total at October 12, 2012 is $513,161,097. The final tally is slightly higher than the official reported number of $512,861.410 due to some last minute gifts and adjustments that were made. The total represents 128.3% of the $400 million goal. A total of 54,137 donors gave 331,854 gifts and pledges during the campaign.

• The number of new endowed funds that were established during the campaign is 245.

Eighty one percent, 199, of these endowments are for scholarships.

• Fundraising progress, the measure of new pledges and gifts, totaled $29.7 million through September 30, an increase of 33.8% over last year through September. Fiscal year cash receipts are up 9% from the same period last year.

• During the campaign College, unit and central development officers recorded 19,084 scheduled visits with 6,670 individuals, corporations and foundations. Of those visited, 4,196 made at least one gift to USU during the campaign. One thousand and fourteen (1,014) of these donors have campaign giving of $10,000 or more.

• The End of Campaign celebration was held on October 12, 2012. Nearly four hundred guests attended the program that celebrated those alumni and friends who participated in the campaign with their financial support. Prior to the Campaign Celebration, 82 new members were inducted into the Old Main Society at a ceremony held in the Skyroom of the Taggart Student Center.

• Significant gifts received during the last four months of the campaign include a $25 million pledge for a building on the Innovation campus, over $12 million in gifts and commitments to the Huntsman School of Business building, and over $5 million in pledges for the Athletics Strength and Conditioning Center.

Reported by:

Annette Herman Harder, Chief Operating Officer for University Advancement

Campaign Impact Report

From 7/1/2003 to 10/12/2013

Campaign Gifts, Pledges and Planned Gifts

Endowment

Scholarships

Academic Support

Program / Unrestricted

Current Operations

Scholarships

Academic Support

Program / Unrestricted

Research Total

Facilities

Logan Campus

Regional Campuses

Centers

$216,866,461.65

$127,983,618.85

$37,231,128.17

$64,175,267.19

$32,162,466.30

$20,727,649.03

$11,285,151.86

$26,668,911.45

$13,485,601.24

$176,711,948.96

$82,888,557.54

$45,014,661.31

$80,400.00

Endowment Total

Current Operations Total

Facilities Total

Total Raised to Date $446,256,475.86

Campaign Verbal Commitments

Endowment

Scholarships $3,000,000.00

Endowment Total $3,000,000.00

Current Operations

Program / Unrestricted $13,060,000.00

Current Operations Total $13,060,000.00

Facilities

$14,666,000.00 Logan Campus

$14,666,000.00Facilities Total

Total Verbal Commitments to Date $30,726,000.00

Total Campaign Impact $513,161,097.37

Total Additional Support

Additional Support as a Result of the Campaign

Facilities

Logan Campus

Regional Campuses

Centers

$36,178,621.51

$0.00

$32,075,000.00

$2,762,500.51

$34,837,500.51

$1,341,121.00Current Operations Total

Facilities Total


Monthly Progress Report

For September, 2012

Run Date: October 15, 2012

Fundraising Progress FY2013

Total

FY12 up to SeptemberSeptember 2012 FY13 up to September

Category Pledges Outright Total Pledges Outright Total Pledges Outright

$0.00 $0.00 $0.00 $3,000,000.00 $0.00 $0.00 $0.00 $0.00 $3,000,000.00 Principal Gifts

$0.00 $0.00 $0.00 $0.00 $600,000.00 $350,000.00 $350,000.00 $600,000.00 $0.00 Major Gifts

$0.00 $0.00 $0.00 $372,312.98 $0.00 $0.00 $0.00 $0.00 $372,312.98 Planned Gifts

$157,180.00 $0.00 $0.00 $105,000.00 $136,000.00 $111,000.00 $111,000.00 $293,180.00 $105,000.00 Special Gifts

Annual Giving Programs

$9,929.31 $2,467.92 $15,914.41 $0.00 $0.00 $0.00 $2,467.92 $9,929.31 $15,914.41 Alumni Relations

$380,904.60 $168,502.39 $230,522.86 $0.00 $0.00 $0.00 $168,502.39 $380,904.60 $230,522.86 Big Blue

$22,250.84 $5,411.14 $45,721.50 $0.00 $0.00 $0.00 $5,411.14 $22,250.84 $45,721.50 Central AF

$107,435.77 $39,887.80 $36,870.76 $0.00 $0.00 $0.00 $39,887.80 $107,435.77 $36,870.76 UPR

$2,207,180.51 $166,779.95 $1,521,635.80 $15,225,000.00 $25,230,000.00 $25,000,000.00 $25,166,779.95 $27,437,180.51 $16,746,635.80 Corp/Foundations

$819,832.48 $147,320.95 $1,607,560.44 $25,000.00 $11,000.00 $0.00 $147,320.95 $830,832.48 $1,632,560.44 Unsolicited

$3,704,713.51 $530,370.15 $3,458,225.77 $18,727,312.98 $25,977,000.00 $25,461,000.00 $25,991,370.15 $29,681,713.51 $22,185,538.75

Principal Gifts >= $1,000,000

Major Gifts >= $100,000

Special Gifts >= $25,000

financial/Campaign/Monthly progress report \financial\usu\monthly progress reportt.rpt

Monthly Gift Comparison - Trustee Report

Utah State University Advancement Office

(Summary of Private Support)Cash Received FY2013

Run Date: October 15, 2012September 2012

USU Total

Increase

(Decrease)

This year to date: Last year to date:

7/1/2012 7/1/2011

9/30/2012 9/30/2011

Increase

(Decrease)

September 2012 September 2011

9/30/2012 9/30/2011

9/1/2012 9/1/2011

Donor Types:Alumni

Other Individuals

Corporations

Corporate Foundations

Utah Foundations

National Foundations

Trusts

Associations/Other

$643,685.33 $464,961.61

$459,510.27 $1,289,878.59

$271,437.27 $160,670.43

$979,146.47 $1,072,259.18

$50,501.47 $13,432.52

$2,810,496.05 $452,870.77

$0.00 $0.00

$36,270.00 $1,364,766.01

38.44%

68.94%

(8.68%)

275.96%

520.60%

(97.34%)

0.00%

(64.38%)

$265,377.82 $138,975.53

$73,779.15 $92,464.97

$216,310.16 $427,481.26

$40,300.95 $4,400.00

$546,140.00 $16,916.00

$0.00 $0.00

$14,188.74 $862,640.65

90.95%

(20.21%)

(49.40%)

815.93%

3,128.54%

0.00%

(96.97%)

(98.36%)

$31,740.00 $1,047,897.01

Total $1,187,836.82 $2,590,775.42 (54.15%) $5,251,046.86 $4,818,839.11 8.97%

Gift Types*:Cash

Matching Gifts

Securities

Real Estate

Tangible Property**

55.20%

(15.89%)

235.04%

0.00%

20.60%

$2,894,539.40

$32,699.55

$1,864,992.61

$11,865.28

$0.00

$179,988.75

$9,980.47

$109,555.97

$0.00

$217,072.22

$1,114,616.04

$4,800.45

$18,891.00

$0.00

$49,529.33

$561,628.36

$2,635.00

$0.00

$0.00

$150,962.75

98.46%

82.18%

0.00%

0.00%

(67.19%)

Intangible Property*** $0.00 $0.00 0.00% $0.00 $0.00 0.00%

Grants**** $0.00 $1,875,549.31 (100.00%) $2,019,898.80 $2,729,292.92 (25.99%)

Total $5,251,046.86 $4,818,839.11 8.97%$1,187,836.82 $2,590,775.42 (54.15%)

*Receipted Gifts - Pledges not included.

**Tangible Property is defined as those items usually called personal property. It includes personal collections of art, books, movies; cars, boats and aircraft;

livestock; securities; equipment; software; printed materials; food used for hosting an event; oil and gas wells.

***Intangible Property is defined as an asset that has been produced through creativity and innovation. Examples include patents, copyrights and software under

development.

****Grants from private sources for sponsored research are included in this schedule and also by the Office of Sponsored Programs. The current month figures will

always be the month prior to the report date.

financial/gift reporting/Monthly Gift Comparison - Trustee Report

\usu\Gifts\Trustee Monthly Gift Comparison.rptInformation Provided by the USU Development Office

Utah State University-College of Eastern Utah Board of Trustees Report

October 16, 2012

Blanding Administration Building Dedication: The USU Eastern Blanding Campus Administration Building was dedicated Oct. 3. The dedication included a blessing by a Navajo Medicine Man – a 45-minute ceremony that included a light dusting of corn pollen in and around the 5,000-square foot building. The application of corn pollen during the ritual provides a conduit for blessings, according to Navajo beliefs. The Utah State University-College of Eastern Utah Blanding Campus, with its 65 percent Native American student body, has had several of its buildings similarly blessed. Residence Hall: Construction of a 74-bed Residence Hall has begun. The Blanding campus has had a housing shortage for some time, and the lack of housing has limited the Campus’ enrollment potential. With the University’s creativity and collaboration, USU Eastern entered a structured financing program with the University. This internal financing allows the Blanding Campus to use revenue from student housing patrons for repayment. The facility will be completed by August 2013, providing greater enrollment capacity at the Campus. STEM Programs: The recent hiring of two additional doctorate-level faculty and the support of a federal grant (NASNTI, or Native American Serving Non-Native Institution, Title III) have allowed the Blanding Campus to develop two new programs supporting STEM education. There is great interest, especially among Navajo Tribe students, for innovative degree opportunities leading to high-paying careers in STEM areas. Regents' Capital Development List: The Board of Regents announced their capital facilities priorities for the upcoming legislative session last month. The USU Eastern proposed project, a multi-purpose instructional facility, was prioritized as fifth among higher education projects in the state. Legislative Review of Capital Facilities Project: USU Eastern hosted the Legislative Infrastructure and General Government Appropriations Subcommittee on Tuesday, September 25th. The visit was a part of a statewide Capital Facilities tour to allow the appropriations committee members to see for themselves some of the critical projects being proposed by higher education and other state entities. The group, headed by Senator Stuart Adams (R Davis County), toured facilities the College plans to demolish, the Student Activities Center and the Brown Music Center, and a facility the College plans to remodel, the Geary Theater. Regional politicians joined the group in its tour and luncheon. The group left with a much better understanding of the project and its importance to the future of USU Eastern. Odyssey Day: The Automotive Technology program in partnership with the Engineering and Physics faculty brought hundreds of guests to the Price Campus for the second annual Odyssey Day, October 12, 2012. Odyssey Day is held in conjunction with National Alternative Fuel Vehicle Day. In addition to a display of alternative fuel vehicles, there were demonstrations and workshops regarding solar power, wind energy and biodiesel. Utah Clean Cities Coalition, the EPA, Toyota, Chevrolet, Ford, Les Schwab Tires and Questar Gas were among the sponsors and vendors showing their products.

Utah State University Alumni Association Update: September 2012

Jody Burnett, President Alumni Association

Kevin Rice, Assistant VP for Alumni Relations and Development

Aggie to Aggie Networking:

Members of Utah State Alumni Network:

5079

Alumni working on articles/videos: 6

Aggie to Aggie Luncheon, 9/6/12:

47 attended

Next Aggie to Aggie Luncheon: 11/13/12

(Ed Stafford presenting)

Aggie Reps:

Potential Aggie Reps identified: 187

Self-identified Aggie Reps, expressing

interest to help: 11

Aggie Reps confirmed and ready to go: 12

Number of Aggie Reps that will be

visited/invited (September – December): 35

Awards & Recognition:

Merit Citations

o Dr. William Ramsey, July 29, 2012

Marketing Update

Increase of Social Media engagement

Twitter: 1,344 followers

Facebook: 1,763 fans

LinkedIn: 5,079 members

Pinterest: 54 followers

Increased traffic to our blog

Average # of visitors per month: 3,111

Stronger online presence

More alumni news, articles and videos

showing up in online searches

Collegiate License Plate Sales

Event Participation

June 29: Aggie Family Day at Lagoon

(350 in attendance)

July 19: Tooele Swim Party with Tooele

Regional Campus (200 in attendance)

September 5: Student Alumni Association

(SAA) Opening Social (350 in attendance)

Upcoming Events

September 7: A-Plate Tailgate

(expected attendance, 1000-1200)

September 15: USU vs. Wisconsin Pre-Game

Party (anticipated attendance, 35)

September 24-29: Homecoming Week

o 9/28: All Aggie Reception

(anticipated attendance 1,000-1,500)

o 9/28: True Aggie Night

(anticipated attendance 100)

o 9/29: Honoree Breakfast


o 9/29: Parade

(expected attendance 2,000+)

o 9/29: Alumni Relations Pre-Game


October 1: Alumni Golf Tournament, Weber

County (expected attendance, 130)

October 27: USU vs. UTSA Pre-Game Party

(anticipated attendance, 50)

November 3: Alumni Hall of Honor

(anticipated attendance, 100)

Alumni Travel Participation:

Aug 26-Sept 4: Machu Picchu & The

Wonders of the Rainforest (8 in attendance)

Upcoming Travel Opportunities:

November 7-15: Alumni Travel, Italian

Reflections Cruise (45 currently registered)

Jan 27-Feb7: Tahitian Jewels Cruise

(14 currently registered)

Associated Students of Utah State University Christian Thrapp

797-1723 [email protected]

Aggie Legacy Fields: Students continue to use the new Aggie Legacy Fields at an incredible rate. Students can be found on the new turf fields at almost all hours of the day. The Aggie Legacy Field Policy board, comprised mostly of students, has met and will be in charge of setting policies.

Government Relations Council: The GRC has had much success in registering students to vote for the upcoming national election. Close to 1500 students have registered. The next project for the GRC is a campaign to get students to sign the Education First petition.

Aggie BLUE: ASUSU Officers and other student leaders put on a successful leadership conference at the end of August. 135 students, mostly incoming freshman, went to the two-day conference to develop their leadership skills and learn how to become the next generation of leaders at USU. They were graced to hear a keynote speech from our very own Scott Watterson.

Programming and Events: ASUSU has heard great reviews about past events including: Week of Welcome, Day on the Quad, Poetry and Beverage, and the Football Tailgate and Watch activity.

Utah Student Association: The USA, made up of all the Student Body Presidents in the state, convened regularly over the summer months and at the beginning of the school year. They have developed plans to help student initiatives in Utah. They hope to lobby the state legislature for student needs.

Athletics: There has been a tremendous amount of support at the Aggie football games by students and non-students alike. So much so that we are filled to capacity in the student section. The needs and concerns of those not able to attend are being addressed by the ASUSU Athletics VP. Students are excited to start filling the Spectrum.

Dating: There is not much to report here for Christian Thrapp. He has heard rumors that the majority of Student Body Presidents get married during their tenures. So far he has not seen any truth in these rumors. However, he holds his head high knowing there is plenty of time.


ATHLETICS

Name: Scott Barnes Telephone: 797-0912 E-mail: [email protected] Date: October 2012 Events, Actions, Or Issues Since Last Trustee Meeting Academics Utah State University student-athletes continue to excel in the classroom, as they achieved a cumulative composite 3.19 grade point average at the conclusion of the spring, 2012 semester. They also continue to lead the Western Athletic Conference in two categories, having 185 student-athletes earn Academic All-Conference recognition; and posting an overall 84% Graduation Rate – both WAC bests. Ticket Sales Update Season football-our overall budget FY F13 is $743,942. We are currently at $881,055 (this includes revenue from football season $455,630, 2 game packages $151,383, and single game ticket sales $279,042). We are currently at 3,266 season basketball tickets sold for the 2012-13 season, with a total of $627,747 collected in ticket revenue. Sports Update Utah State football is 5-1 on the season and off to its best start since 1982. USU continues WAC play this weekend at home vs. New Mexico State University. Utah State women’s soccer (9-2-6, 4-0-2) will continue Western Athletic Conference play this week with a home match against San Jose State (4-10-1, 2-4-0) on Friday, Oct. 19 at 3 p.m. (MT). Utah State’s men and women’s cross country teams had solid performances at the NCAA Pre-National meet in Louisville, Kentucky. The USU men are the reigning WAC Champions, while the Aggie women finished third last year. Utah State’s men’s tennis will conclude its fall season this week as it travels to Las Vegas, Nevada, to compete in the Intercollegiate Tennis Association (ITA) Regionals from Wednesday, Oct. 17 through Sunday, October 21. Utah State concluded its fall schedule this past weekend at the ITA Mountain Regionals Championship tournament held in Las Vegas, Nevada. Jaci West posted a 2-1 singles record to lead the team. Utah State volleyball is 13-7 on the year and in first-place in the WAC with a 8-2 league record. Utah State men's golf has competed in four tournaments this fall and has finished in the top eight in each event. USU will have play in one more tournaments this fall.

A few recent Media Highlights (June – August, 2012): USU Awarded $3M Grant to Develop Electric Car Technology – Deseret News ‐ August 20, 2012

Utah State University was awarded a $3 million grant from

the U.S. Department of Energy to develop technology for

increasing battery life in electric vehicles, the university

announced Monday. The award is part of $43 million in

funding awarded to organizations nationwide by the

department's Advanced Research Projects Agency‐Energy to

develop breakthrough energy storage technologies, according to the DOE. "To be among just 12 lead

organizations selected for an award is a high honor," Regan Zane, a professor of computer and electrical

engineering at the Utah Science Technology and Research initiative at USU, said in a prepared statement.

"Through this three‐year program, we'll develop cell‐level power control architecture that improves electric

vehicle battery performance and, as a result, could decrease battery pack costs by some 25 percent."

USU Eastern’s Graduation and Transfer Rates Ranked Top Three in the Nation – San Juan Record ‐ June 13, 2012 Utah State University‐College of Eastern Utah tied for 3rd best in

the nation in a success rating of nearly 800 community colleges. The

ranking, reported this month in CNNMoney, is based on the

percentage of students who graduated within three years or

transferred to four‐year colleges. … The survey, conducted by

College Measures, a joint venture of the American Institutes of Research and Matrix Knowledge Group,

compiled a success rating chart for CNNMoney to help students find the best options. USU Eastern tied with

Victor Valley College with an 84 percent success rating.

Egypt’s President, Mohamed Morsi, Chooses Little‐Known Hesham Kandil as Prime Minister – Washington Post ‐ July 24, 2012

Egypt’s president appointed a new prime minister on Tuesday,

asking Hesham Kandil — a U.S.‐educated technocrat currently

serving as water and irrigation minister — to form a new

government. Kandil earned a master’s degree from Utah State

University in 1988 and a doctorate in irrigation from North

Carolina State University in 1993. He has served as a senior

News In the

bureaucrat in the Ministry of Irrigation and Water Resources and as chief water resources engineer at the

African Development Bank.

'The 7 Habits of Highly Effective People' Author Dies – CNBC ‐ July 16, 2012

Stephen R. Covey, author of the bestselling motivational book "The 7 Habits of Highly Effective People," died on Monday at an Idaho hospital from injuries he suffered in a bicycle accident in April, family members said in a statement. He was 79. … Covey was recognized in 1996 as one of Time magazine’s 25 most influential Americans, and was named among the world’s top 50 business thinkers in 2011 by Thinkers50, a group that compiles that list every other year. … Covey was remembered Monday by

colleagues at Utah State University, where he joined the business school faculty in 20110, as an accomplished scholar and tireless mentor to students. “Dr. Covey touched the lives of people around the world in very personal ways,” Utah State President Stan Albrecht said in a statement. “He was an inspirational leader who was always a powerful voice for individual integrity, strong character and extreme trustworthiness in every aspect of life.”

USU College of Engineering Students Take First Place in NASA Rocket Competition – Space Ref ‐ June 20, 2012 NASA recently announced that a team of engineering students from Utah State

University has taken the top prize during the 2012 University Student Launch Initiative

hosted by the NASA Marshall Spaceflight Center. … On April 22 USU's Chimaera Rocket

Team bested more than 500 students, representing 41 colleges and universities in 28

states, when they launched their rocket and payload at Bragg Farms in Toney, Ala. This

year's victory marks the fourth first place entry by USU in the previous 5 years. The

USU‐built rocket was also recognized by the NASA peer review panel as the best

overall vehicle design. The award is given to the most creative, innovative and safety‐

conscious rocket design.

FACULTY SENATE REPORT TO THE BOARD OF TRUSTEES November 2012 Submitted by Renee Galliher, President of the Faculty Senate The Utah State University Senate met for its regular meetings on April 30, 2012, September 10, 2012 and October 1, 2012. EVENTS, ACTIONS OR ISSUES SINCE THE LAST TRUSTEES MEETING: The following reports were made to the Faculty Senate: Faculty Diversity, Development, and Equity Committee; Committee on Committees; Calendar Committee; Graduate Council; Educational Policies Committee; Libraries Advisory Council; Parking Committee.

• Renee Galliher, Associate Professor, Department of Psychology, assumed the duties and responsibilities of President of the Faculty Senate Effective July 1, 2012.

• Yanghee Kim, Associate Professor, Department of Instructional Technology & Learning Services,

assumed the duties and responsibilities of President-Elect effective July 1, 2012.

• Glenn McEvoy, Professor, Department of Management, assumed the duties and responsibilities of Past-President effective July 1, 2012.

KEY ISSUES AND ACTION ITEMS:

• The Faculty Senate approved 144 requests for course actions.

• Approved request from Department of Sociology, Social Work and Anthropology, in partnership with USU-Eastern, to offer a minor in Criminal Justice.

• Approved request from Department of Mechanical and Aerospace Engineering to reduce the

number of PhD dissertation credits required for the doctoral degree.

• Approved request from College of Science (Departments of Biology, Chemistry and Biochemistry, Geology and Physics) to reduce the number of credits required for the following PhD programs: Biology, Ecology, Chemistry, Biochemistry, Geology and Physics.

• Approved request from Departments of Geology and Watershed Sciences to add a

"Geomorphology & Earth Surface Processes" specialization to their respective MS and PhD degrees in Geology and Watershed Science.

• Approved report from the Academic Standards Subcommittee that included the language for the

general catalog regarding enforcement of course prerequisites.

• Approved the following General Education courses and Syllabi: HIST 4711 (DHA), USU 3070.

• Approved other business of the EPC which included:

Request from College of Engineering to establish a Center for Engineering Education Research (CEER).

Request from Departments of Applied Economics, Sociology, Social Work and

Anthropology and Environment and Society to establish a Center for Society, Economy and the Environment (CSEE)

Request from USU-Eastern to establish a Center for Workforce Development.

• Approved the following General Education courses and syllabi: ARTH 3510 (CI), ARTH 3630 (CI),

ARTH 3740 (CI), ARTH 3750 (CI), LANG 2100 (BSS), WATS 4490/5490 (QI), USU 1330 (David Wall), USU 1360 (BPS, Mark Noirot).

• Approved a process to review depth courses every five years.

• Approved a motion to elect Norm Jones Chair of the General Education subcommittee.

CURRENTLY UNDER CONSIDERATION:

• Post Tenure Review and 406/407 Code Review Committees UPCOMING EVENTS, ACTIONS AND ISSUES:

• Faculty Forum will be held November 5, 2012 in the TSC Auditorium from 3 - 4:30 p.m.

• At the December meeting, the Senate will receive reports from the Honors Program, Faculty Evaluation, Athletics Council, ASUSU, and Retention and Student Success.

Professional Employee Association PEA President: Craig Whyte Telephone: (435) 797-7399 E-Mail: [email protected] Date: October 11, 2012 Events, Actions or Issues since last Trustee’s Meeting New PEA Board has been organized. Board members include:

• Past President: Bill Jensen, Jr • President: Craig Whyte • President Elect: Carl Ellsworth • Secretary: Stephanie Hamblin • Treasurer: Kathy McConkie • Scholarship/Endowments: Leslie Hofland • Legislative Committee: Danene Dustin • Professional Development: Amanda Davis • Benefits and Advisory: Guy Ballard • University Relations: Kathy Phippen • Professional Relations: Rob Llewellyn • Calendaring: Carrie Milligan • Parking: Justin Williams • It Users Advisory Committee: Conna Meeker

Annual Employee Recognition Swim Night

• 600 employees in attendance • $300 raised for PEA scholarship fund • $300 raised for CEA scholarship fund

Represented Utah State University at UHESA meeting at the University of Utah

• Carl Ellsworth represented PEA at conference, held in August 2012

Upcoming Events, Activities or Issues • UHESA meetings (monthly) • Brown Bag lunches (co-sponsored by USU HR) • Awards & Recognitions (quarterly awards) • PEA Luncheon • UHESA day at Capitol Hill

CEA President: Taci Watterson-Balls Telephone: 435-797-2342 E-Mail: [email protected] Date: 10/10/12 Events, Actions or Issues since last Trustee’s Meeting -UHESA conference calls were held on 6/20/12 and 9/19/12 . -Joint CEA/PEA brownbag presentation was held on May 10, 2012 (Small Steps to Health and Wealth) -Joint CEA/PEA Swim Night was held on June 20, 2012. Scholarship proceeds earned were approximately $300/organization.

-Awarded Employee of the quarter to Tonya Sorenson(Library). Upcoming Events, Activities or Issues - Physical UHESA meetings: Dixie State will host on their campus November 9, 2012. USU will host on May 17, 2013, PEA taking lead.

-Joint CEA/PEA brownbag presentation scheduled for November 15, 2012 (Maintain Don’t Gain). -CEA Holiday Social will be held on December 18, 2012. -CEA Annual Awards Luncheon will be held on April 1, 2013.


agenda november 2, 2012 - utah state university · 02-11-2012 · november 2, 2012 . a....

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