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June News 2012



Board of Visitors Meeting Summary

JMU Board of Visitors Meeting Summary
June 1, 2012 

James Madison University sealThe James Madison University Board of Visitors met Friday, June 1, 2012, 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 13, 2012 Board of Visitors meeting minutes;
  • Received the president’s report presented by Dr. Linwood Rose;
  • Approved reports from the Athletics, Audit, Development, Education & Student Life, Executive and Finance & Physical Development Committees;
  • Approved the creation of a biophysical chemistry major;
  • Approved changes to the constitution of the Faculty Senate;
  • Heard a presentation on the Office of International Programs by Dr. Lee Sternberger, executive director;
  • Mr. Charles King, Senior Vice President for Administration and Finance, presented the 2012-2013 budget;

2012-2013 Budget Summary (in millions)

 

2011-12

2012-13

$ Change

Education & General

226.4

243.5

17.1

Auxiliary Enterprises

154.8

162.7

7.9

Financial Aid

10.4

11.1

0.7

Sponsored Programs

36.9

36.9

-

Total Operating*

428.5

454.2

25.7

*Excludes ETF


  • Approved the 2012 – 2013 budget;
  • Approved the issuance of bonds for certain capital projects;
  • Approved the issuance of an easement to the City of Harrisonburg for the future Bluestone Trail;
  • Approved the purchase of the following properties:
    • Parcel 025-K-21 Kyle Street
    • 28 West Grace Street, 725 and 781 Walnut Lane
  • Elected officers for the 2012-2013 term.

Was told by President Linwood H. Rose: 

  • That JMU Board of Visitors member Don Rainey had been appointed to the Innovation and Entrepreneurship Investment Authority Board;
  • That 1982 alumnus, Jeff Gammage, was part of a team of reporters at the Philadelphia Inquirer to win the Pulitzer Prize for Public Service;
  •  That during the May commencement, degrees were conferred upon 3,567 undergraduates and 558 graduate students.  56 nursing students received pins and 21 ROTC cadets received their commissions.
  • That the JMU track and field team won their first-ever Colonial Athletic Association title.