Board of Visitors Meeting, June 3, 2011

From: Public Affairs

Summary of Actions/Discussions

The James Madison University Board of Visitors met Friday, June 3, 2011, in the Board Room of Madison's Festival Conference and Student Center.

Following is a summary of actions taken by the board and key areas of discussion at the board meeting:

  • Approved the April 1, 2011 BOV meeting minutes;
  • Received the President's report presented by Dr. Linwood Rose;
  • Approved committee reports from Athletics, Audit, Development, Education & Student Life, and Finance & Physical Development;
  • Elected officers for the 2011-2012 term;
  • Heard a presentation on the Center for Assessment and Research Studies (CARS) by Dr. Linda Halpern, Dean, University Studies, and Dr. Donna Sundre and Dr. Keston Fulcher of CARS.
  • Heard a presentation on the Alumni Association's Centennial Celebration by Mr. AJ Fischer, President, Alumni Association Board, and was informed of a gift commitment of $100,000 by the Alumni Association to the university;
  • Mr. Charles King, Senior Vice President for Administration and Finance, presented the 2011-2012 budget.

2011-2012 Budget Summary (Millions)
 2010-112011-12$ Change
Education & General
227.4
226.4
(1.0)
Auxiliary Enterprises
144.5
154.8
10.3
Financial Aid
9.5
10.4
0.9
Sponsored Programs
36.9
36.9
-
Total Operating*
$418.3
$428.5
$10.2
*Excludes ETF

  • Approved the 2011-2012 budget.
  • Approved the purchase of three properties:
    • 28 Port Republic
    • 1210 S. Main St.
    • 15 E. Fairview


Was told by President Linwood H. Rose:
  • that JMU received SCHEV certification: JMU met all performance standards;
  • that JMU recently celebrated commencement, recognizing the accomplishments of 3,400 undergraduates, 482 graduates, pinned 64 nurses and commissioned 22 second lieutenants;
  • that JMU established a partnership with Rosetta Stone in which JMU awards three credits for a 16-week Spanish program;
  • that JMU's Madison Investment Fund was "internationally recognized among 300 universities as the second best student-managed fund in the equity value investment category, less than 1 percent behind the winning vote.";
  • that JMU was named to the 2010 President's Higher Education Community Service Honor Roll;
  • that the JMU women's lacrosse and baseball teams both won the CAA championship;
  • that President Rose will serve as chair of the Council of Presidents and as a member of the Higher Education Advisory Committee.


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