The Iowa Board of Regents will meet Thursday at the University of Northern Iowa.

Warren Madden, vice president of business and finance, will deliver a report on the status of the storm cleanup process.

 

Madden said he will be giving a summary of buildings impacted by the floods to the Regents, and will be working on pulling together a financial estimate of the damage for the meeting as well.

 

Madden said renovations to Campustown are currently not on the schedule, but there will soon be presentations given to the Government of the Student Body and the Graduate and Professional Student Senate.

 

Madden said that LANE4 Property Group out of Kansas City will be back in Ames later this month.

 

He will also be discussing the Registrar of ISU capital improvement business transactions. The capital improvements include approximately 9,400 square feet of space on the basement, ground floors under the auditorium wing of Curtiss Hall.

 

“The goal of the project is to create an at-grade entry that will take advantage of the double height space. Create a student gathering area that the building currently lacks and provide space for the Agricultural entrepreneurship Initiative,” according to the project description.

 

A detailed budget has not yet been developed, but the project will total approximately $6 million.

 

President Gregory Geoffroy will be commenting on intercollegiate athletics.

 

Geoffroy, along with Patrice Sayre, chief business officer for the Regents, and Regents President David Miles will be presenting a proposal to reduce general university support for athletics.

 

During the Regents meeting in March, a resolution on general fund support for athletics requested action to “consider approval of a resolution directing Iowa’s public universities to assess the feasibility of and to formulate plans that would, over an appropriate time period, substantially reduce or eliminate general fund subsidies for intercollegiate athletics.”

 

The resolution asked that presidents return to this meeting with their assessments, plans and timelines.

 

The University of Iowa has not provided general fund support for athletics to the Board since they became self-sustaining in FY 2007.

 

“[Iowa State] has reduced the general university support to athletics significantly from nearly 11 percent of the athletic budget in 2001 to 3.8 percent of its annual budget in 2011,” according to the new proposal.

 

It is now likely the rest of the general fund support, about $1.6 million, will be eliminated by 2010-2011 fiscal year by using student financial aid set aside reimbursement, which is similar to the University of Iowa’s athletics program, according to the proposal.

 

The University of Northern Iowa has reduced their general university support to athletics by more than 13 percent since 2009 to budgeted 2011 fiscal year.

 

UNI has set a four year time frame, from fiscal years 2012 to 2015, to achieve its reduction in general fund contributions to $4.2 million, which is about an 18.3 percent decrease from fiscal year 2009, according to the proposal.

 

“UNI believes intercollegiate athletics should not be treated as a self-sustaining auxiliary,” according to the proposal. However, UNI’s athletics would not receive more than 2.4 percent of the university’s general fund budget in future years.

 

Provost Elizabeth Hoffman will talk about business and procedural issues.

 

Hoffman will be presenting Iowa State’s strategic plans for fiscal years 2010 to 2016.

 

The Board of Regents Strategic Plan is to provide, “access, affordability and student success; educational excellence and impact; and economic development and vitality,” according to the strategic plan request.

 

Iowa State’s mission is to “create, share and apply knowledge to make Iowa and the world a better place.”