The board gives UNC permission to proceed with the exploration of the establishment of osteopathic medical school

The board gives UNC permission to proceed with the exploration of the establishment of osteopathic medical school

The University of Northern Colorado Board of Trustees held meetings Thursday, Nov. 11, and Friday, Nov. 12, on campus, where a variety of topics were discussed. Thursday’s meeting consisted of a presentation on the university’s exploration of an osteopathic medical school, followed by a finance and audit committee meeting. Friday’s meeting included steering group reports, a president’s report, an update of the university’s Students First Framework, and action points related to efforts to create an osteopathic medical school.

Osteopathic medical school

UNC goes further with its exploration of creating an osteopathic medical school after analyzing results from an external preliminary study and receive positive support from the campus community, external stakeholders who have been consulted, and the board. The university received results from a feasibility study conducted by consulting firm Tripp Umbach in late October, which was shared with the campus community at City Hall on Nov. 4 and in a presentation to shop stewards on Nov. 11.

These presentations came months after talks were held with key stakeholders inside and outside the university, including with health executives and local officials. In light of the study’s clear recommendation that UNC should continue with further planning, and the supportive feedback from the UNC community and external stakeholders, the board approved the university’s next step in applying for applicant status with the Commission on Osteopathic College Accreditation (COCA) and initiating the recruitment process for a founding dean. A final appointment of a founding dean will be conditional on the university meeting additional procedural requirements over the coming months in order for the project to proceed. While these are important steps to move forward in the process, UNC President Andy Feinstein warned that there is a lot of work to be done before the project becomes a reality.

“Our university was founded 132 years ago in response to the need for community teachers across Colorado. Today, we are able to meet yet another critical challenge that will shape the health, strength and growth potential of Greeley, Weld County and the state for many years to come, “said Feinstein.” To be clear, there are still a number of gates that we must pass in order for this to become a reality. But my optimism and enthusiasm about the possibility that UNC can create a new medical school to meet the needs of our community continues to grow. ”

Further information on this project, including why there is a critical need for more physicians in Colorado and nationwide, can be found in a recent news release and at UNCs osteopathic medical school exploration page.

Financial year 2021-22 (FY22) Financial report for the first quarter

Dale Pratt, assistant vice president of finance, presented FY22’s first-quarter financial report to trustees on Thursday, November 11th. As Pratt outlined, the FY22 budget was prepared with the expectation of returning to personal operations and expected a $ 2.9 million. operating profit. Undergraduate enrollment at the fall 2021 census was FTE 6,084 or FTE 347 below budget. Graduate census enrollment was 1,622 FTE, or 60 FTE below budget. However, the revenue-related loss in revenue has been offset by the unbudgeted revenue of $ 3.5 million in oil and gas rental taxes. year to date.

University spending continues to reflect conservative spending, even with the return to campus activities. Reductions in the use of typical office supplies, slower deliveries related to supply chain problems, and reduced travel have been beneficial in minimizing costs. As such, the FY22 forecast reflects an expected operating profit of $ 5.1 million. compared to the budget surplus of $ 2.9 million. The university’s liquidity is expected to be $ 57.9M at the end of FY22 (excluding HEERF III grant funds), $ 1.4M more than FY21’s closing cash balance of $ 56.5M. The expectation of an increased liquidity position of DKK 57.9 million. The USD represents the fourth year in a row with growth at the end of the year liquidity at UNC, despite the significant economic impacts that COVID-19 marks.

At the meeting of the Finance and Audit Committee, a summary of the UNC’s preliminary accounts for the current financial year, an annual debt management report and a composite financial index, and a presentation from the University’s Remuneration Committee were also shared.

Discussion on compensation

Fritz Fischer, professor of history, faculty administrator and chairman of the Payroll Committee, shared a presentation with the board that provided an update on the work that has been done by the Payroll Committee to date. One of the main points of action in the UNC’s strategic plan, Rowing does not operate 2030, encourages the university to “develop and implement a consistent and constructive process to evaluate and reward employee performance, while promoting various opportunities for feedback and growth beyond the traditional supervisor-employee dynamics.” One of the tactics associated with this key action is to establish a compensation plan for the faculty and staff. For this purpose, a faculty committee of the Faculty Senate was formed. After considerable work by this group and the administration, the Senate approved the adoption of a new NCHEMS (National Center for Higher Education Management Systems) group at 51 peer institutions as the UNC’s Compensation Group. Currently, UNC faculty and staff are paid below average among this national group of peer institutions. The administration, in collaboration with the faculty senate, has reviewed preliminary scenarios for raising faculty and staff salaries to 100% parity within the peer comparison group in the coming years.

Students First Framework

Temporary Provost Lisa Vollendorf shared updates with the board around the newly formed Students First Framework, a fundamental component for advancing strategic efforts related to improving enrollment, retention rates, and graduation rates. As Vollendorf described, it is “goal-oriented, action-driven, and student-focused.” The framework consists of executive sponsors, a steering group and two task forces – admissions and recruitment as well as graduation and retention. The framework is based on UNC’s Strategic Enrollment and Student Success Plan (SESS). The executive sponsors of the Students First Framework are Vollendorf, Michelle Quinn, Tobias Guzm├ín and Cedric Howard. Howard is the UNC’s new Vice President of Student Affairs and started at the university this week. More information about these efforts can be found at Students First Framework website.

Friday’s meeting was the last for Christine Scanlan, who has been on UNC’s board for eight years. Scanlan is a former member of the Colorado House of Representatives and is currently President and CEO of the Keystone Policy Center. Shop steward Scanlan was honored with kind remarks from President Monfort and President Feinstein. All documents from the board meetings on 11 and 12 November can be found here.

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