Nov 12, 2020 Regular Board Meeting (November 12, 2020)

WE'LL MOVE NOW TO PUBLIC COMMENT.

THOSE OPPOSE, NO.

TODAY, WE WILL HEAR LIVE PUBLIC COMMENT FROM THOSE WHO HAVE SIGNED UP.

EACH PERSON WILL HAVE TWO MINUTES TO SPEAK.

WE STARTED DOING THIS AGAIN AT OUR LAST BOARD MEETING.

WE THINK IT'S REALLY IMPORTANT TO HEAR FROM THE PUBLIC AND FOR A LONG TIME, AND IT STILL IS A LITTLE BIT AWKWARD.

I BELIEVE THAT IT IS IMPORTANT THAT WE PUT THIS PART ON THE AGENDA THAT WE HEAR FROM THE PUBLIC.

SO WE HAVE FOUR PEOPLE SIGNED UP.

AND THE FIRST ONE THAT WE GET TO IS SOPHIA VOLK.

SHE'S AN MBA GRADUATE STUDENT FROM CU BOULDER.

WELCOME, SOFIA.

THANK YOU VERY MUCH, SHOULD I JUMP INTO IT? YES.

HELLO AGAIN, BOARD OF REGENTS, I CREATED THE TOO MUCH TUITION CU INITIATIVE TO BRING AWARENESS TO AND FIGHT FOR THOSE WHO BELIEVE THE CURRENT RATE OF TUITION IS UNFAIR.

IF IT WASN'T, THEN WE WOULDN'T SEE LAWSUITS ACROSS THE NATION AND SOME SCHOOLS WOULDN'T BE PROVIDING REBATES ALREADY.

I HAVE OVER TWO THOUSAND SIGNATURES FROM SUPPORTERS AND I'M CONFIDENT THERE WOULD BE MORE, BUT THERE'S ONLY SO MUCH A ONE GAL TEAM IN A PANDEMIC CAN DO.

I'M HERE TODAY TO SPEAK ON THEIR BEHALF TO ADVOCATE FOR A TUITION REDUCTION EQUITABLE TO THE CHANGES CAUSED BY COVID-19.

WE REMAIN ENROLLED BECAUSE WE CANNOT AFFORD TO [INAUDIBLE] RETURN WHEN TUITION IS HIGHER OR POSTPONE A DEGREE TO LEVERAGE IN THE JOB MARKET, ESPECIALLY IN THIS ECONOMY.

ONE OF THE FIRST LESSONS IN CORPORATE ETHICS IS THAT IT IS THE RESPONSIBILITY OF AN ENTITY'S LEADERSHIP TO DEVELOP A SOLUTION TO AN ISSUE WITH THE LEAST DAMAGE TO ALL STAKEHOLDERS.

CU'S ISSUE TODAY IS THE CURRENT VALUE IS LOWER IN ITS ORIGINAL OFFERINGS OF, I QUOTE, MORE THAN AN EDUCATION ARE NOT BEING DELIVERED.

THIS IS EXEMPLIFIED IN THE FOLLOWING WAYS.

VIRTUAL LEARNING IS LESS EFFECTIVE THAN IN-PERSON INSTRUCTION AND IS IRREFUTABLY MORE DIFFICULT TO LEARN MATERIAL ONLINE.

LESS FACE TIME WITH STUDENTS AND PROFESSORS MEANS LESS OPPORTUNITY FOR NETWORKING AND CHARACTER GROWTH.

WE ARE CHARGED MANDATORY STUDENT FEES FOR BENEFITS THAT STUDENTS HAVE NOT RECEIVED, APPROXIMATELY SIX HUNDRED DOLLARS WORTH PER SEMESTER.

PROFESSORS AREN'T ALWAYS ADAPTING AND THUS DELIVERING A SUBPAR COURSE.

DELIVERY AND ENGAGEMENT OF CLASSES ARE EQUAL TO ONLINE PROGRAMS THAT ARE VALUED AT

[00:05:04]

MUCH LOWER PRICES.

LASTLY, STUDENT SUPPORT WAS ORIGINALLY A SELLING POINT, BUT IS NOW A POOR QUALITY OR NONEXISTENT.

CAMPUS SERVICES ARE INACCESSIBLE, ADMINISTRATION IS DISMISSIVE AND ADVISERS ARE UNRESPONSIVE.

I SYMPATHIZE WITH THE FINANCIAL DIFFICULTIES THE SCHOOL ENDURES, BUT AT THE END OF THE DAY, THOSE ARE NOT THE BURDEN OF STUDENTS.

THAT ARGUMENT COMMONLY MADE IS THAT ONLINE LEARNING IS MORE EXPENSIVE.

BUT AS A STUDENT, I AM TRYING TO CONVEY THAT THE BEST HELP WE CAN RECEIVE IS NOT AN ADAPTATION OF AN IN-PERSON EXPERIENCE, BUT FUNDS BACK IN OUR POCKET.

RESOURCES SPENT ON TRYING TO MAKE VIRTUAL LEARNING LIKE THE IN-PERSON EXPERIENCE ARE BETTER SPENT GIVEN BACK TO THE STUDENTS.

WHEN YOU VOTE ON A RESOLUTION FOR TUITION, SEE THIS AS AN OPPORTUNITY FOR CU TO IMPROVE STUDENT RETENTION, INCREASE LOYALTY OF FUTURE ALUMNI AND BE A LEADER IN STUDENT SUPPORT AMONG ALL UNIVERSITIES.

YOU HAVE THE POWER TO HELP THE STUDENTS IN THE SCHOOL THAT YOU ARE ALL ELECTED TO SERVE.

THIS IS AN OPPORTUNITY TO BENEFIT THE BRAND OF THE UNIVERSITY OF COLORADO.

I GREATLY APPRECIATE THE TIME MOST OF YOU HAVE GIVEN ME THIS PAST MONTH, AND I THANK YOU AGAIN FOR YOUR CONSIDERATION.

I AM HOPEFUL THAT THE BRILLIANT LEADERS OF CU CAN WORK TOGETHER TODAY TO COME UP WITH AN EFFECTIVE SOLUTION TO THE IMBALANCE OF TUITION AND QUALITY.

ABOVE ALL, PLEASE REMEMBER THAT WE ARE ON TEAM CU AND WANT THE BEST FOR THE STUDENTS AND THE UNIVERSITY.

REALLY APPRECIATE YOUR TIME.

THANK YOU, SOPHIA.

OUR NEXT SPEAKER IS NEIL BOX, FACILITY CU ANSCHUTZ MEDICAL CAMPUS.

MR. BOX, YOU'RE ON.

THANK YOU FOR LISTENING.

I'D LIKE TO JUST SPEAK ON, I'M A TEACHER AND AND RESEARCHER WITHIN THE SCHOOL OF MEDICINE, AND I TEACH IN THE GRADUATE SCHOOL.

AND WE JUST COMPLETED A GRADUATE SCHOOL COURSE, WHICH WE RECENTLY TOOK ONLINE.

I CAN TELL YOU FROM A TEACHING PERSPECTIVE THAT WE SPEND THREE TIMES AS MUCH TIME ON THE ONLINE COURSE FROM THE DAY TO DAY TEACHING.

THE THINGS THAT WE, IT TAKES LONGER TO DEVELOP TRUST WITH STUDENTS.

WE DEFINITELY SPENT THAT TIME.

WE MADE TIME AVAILABLE FOR THE STUDENTS TO CREATE THE KINDS OF EXPERIENCES THAT THEY THAT ALLOW THEM TO INTERACT WITH THE KINDS OF COURSES THAT WE GIVE.

WE MADE OURSELVES AVAILABLE, FOR EXAMPLE, WITH EVENING COURSES, WITH EVENING LIKE PHONE CALLS, AND WE DID TWICE AS MUCH OFFICE HOURS THAT THE STUDENTS COULD ACCESS.

I HAVE TO SAY, IT WAS IT WAS A BIG BURDEN ON US AND TOOK THREE TIMES AS MUCH EFFORT WOULD BE MY ESTIMATE FOR THE KIND OF EFFORT WE PUT IN.

BUT WE PUT IT IN AND WE RECENTLY COMMITTED THE WE'VE RECENTLY GRADED THE EXAMS AND THE STUDENTS THEMSELVES WERE RECEIVED COMPARABLE SCORES TO WHAT THEY RECEIVED LAST YEAR PRIOR TO THE TO THE ONSET OF THE COVID ERA.

I CAN SAY THAT THE BURDEN OF THE COVID HAS FALLEN BACK ON US FACULTY TO STEP UP AND ACTUALLY DELIVER COURSES OF THE QUALITY THAT WE CAN STAND BEHIND.

AND I FEEL THAT WE WERE EFFECTIVE IN DOING THAT.

BUT I ALSO WOULD LIKE TO ACKNOWLEDGE THAT THE BURDEN AND THE LOSS OF DEFINITELY THERE'S BEEN A HIT TO RESOURCES FOR FOR TEACHING WITH FURLOUGHS ACROSS THE BOARD THAT HAVE ALSO FALLEN ON FACULTY.

SO I'M REALLY CONCERNED THAT ADDITIONAL CUTS TO RESOURCES THROUGH TUITION REFUNDS WILL AGAIN FALL ON FACULTY.

AND I WORRY THAT THE ABILITY TO GIVE QUALITY COURSES TO THE STUDENTS WILL SIMPLY NOT BE ABLE TO BE MAINTAINED WITH ADDITIONAL CUTS.

THANK YOU FOR YOUR COMMENTS.

OUR NEXT SPEAKER IS MICHAEL ZINSER, FACILITY ASSEMBLY CU DENVER.

YOU'RE ON, MR. ZINSER.

THANK YOU, CHAIRMAN GALLEGOS.

THANK YOU FOR THE OPPORTUNITY TO SPEAK ABOUT THIS TUITION REFUND ISSUE.

THE REACTION FROM THE FACULTY ASSEMBLY RANKS IS PUZZLEMENT, CONSTERNATION, SADNESS AND DISPIRIT.

THE PUZZLEMENT AND CONSTERNATION ARISE BECAUSE ALL THOSE WHO UNDERSTAND BUDGET ARE SAYING THE SAME.

A REFUND LIKE THIS WOULD GUT OUR MISSION.

WE'VE BEEN CUT TO THE BONE FROM A POSITION OF CHRONIC STATE UNDERFUNDING AND NOW ENDURE FURLOUGHS AND THREATS TO OUR PROGRAMS AND EVEN OUR JOBS.

GIVEN THIS, PEOPLE ASKING ARE ASKING WHETHER THIS IS ABOUT SOMETHING OTHER THAN WHAT APPEARS, REMEDIATING PERCEIVED STUDENT DEPRAVATIONS.

WHICH LEADS ME TO SADNESS AND DISPIRIT.

THESE TWO ARE COMMON REACTIONS TO THE PROPOSAL.

WE'RE WORKING SO HARD, HARDER THAN EVER, TO DELIVER ON THE EDUCATIONAL MISSION WE HOLD VERY DEAR.

AND IN ADDITION TO ALL THE PRIVATIONS AND HUGELY INCREASED DEMANDS HAS BEEN, AS HAS BEEN POINTED OUT, AND THE PAY CUTS WE HAVE ENDURED WITH EQUANIMITY, WE'RE BEING TOLD THAT THE WORK WE DO SO MUCH INCREASED IS WORTH LESS.

AND AS WITH ANY SIEGE FACED BY A COMMUNITY, WE NEED TO KEEP OUR SPIRITS UP.

WE NEED TO ATTEND TO MORALE.

THIS PROPOSAL DAMAGES THAT VITAL SPIRIT THAT ENGAGES US WITH OUR STUDENTS AND OUR WORK.

SO THANK YOU AND MAY WE ALL BE WELL AND DO WELL FOR OUR PRECIOUS UNIVERSITY.

[00:10:06]

THANK YOU, MR. ZINSER, APPRECIATE YOUR TIME.

OUR LAST SPEAKER IS DAVID WEISS, FACILITY ASSEMBLY, UNIVERSITY OF COLORADO, COLORADO SPRINGS.

YEAH I'M DAVID WEISS DOWN AT UCCS.

AND I'VE BEEN ALSO TOLD THAT I CAN SPEAK FOR THE UC BOULDER FACULTY ASSEMBLY AS WELL.

AND SO I'M ALSO TALKING ABOUT THE TOO MUCH TUITION PROPOSAL.

AND I REALLY AGREE THAT TUITION IS TOO EXPENSIVE.

AND WE LIKE ALL FOR ALL OF US, WOULD LIKE IT TO BE CHEAPER.

BUT I THINK THIS TYPE OF PROPOSAL WILL HURT THE STUDENTS ON OUR CAMPUS AS WELL AS THE FACULTY AND STAFF.

AND AS YOU KNOW, STATE FUNDING HAS DRAMATICALLY DECREASED OVER THE YEARS.

THIS YEAR, WE HAVE A 58 PERCENT TEMPORARY BUDGET CUT AND OUR FUNDING IS PRIMARILY FROM TUITION, 77 PERCENT OF OUR ENG IS FROM TUITION.

AND WHILE MANY OF OUR COURSES ARE REMOTE, MANY OF THEM ARE IN PERSON.

AND FACULTY HAVE LEARNED HOW TO DO ONLINE COURSES AND REMOTE COURSES.

AND WE HAVE A ROBUST ONLINE EDUCATION DEVELOPED BY DEDICATED FACULTY, TRAINED IN THE BEST PEDAGOGICAL APPROACHES AND ULTIMATELY DECREASE IN TUITION DOLLARS WILL HAVE MAJOR EFFECTS ON OUR STUDENTS' EDUCATION.

THEY NEED MORE SUPPORT FROM OUR FACULTY AND STAFF, NOT LESS.

WE NEED TO PROVIDE THEM WITH THE BEST FACULTY IN THE COUNTRY AND THE BEST LABORATORY IN STEM, CYBERSECURITY EXPERTISE, THE BEST HEALTH CARE FACILITIES FOR LEARNING AND A REBATE WILL RESULT IN A TWENTY THREE MILLION DOLLAR CUT FOR THE CAMPUS AND LIKELY THE GAPPING OF MANY POSITIONS LIKE THE SUMMER, WE HAD A GAP OVER ONE HUNDRED POSITIONS ON CAMPUS.

SO IT WILL RESULT IN INCREASES IN FURLOUGHS, GAPS IN POSITIONS, POTENTIAL LAYOFFS, WHICH ULTIMATELY WILL HURT THE STUDENTS LONG TERM AND IN PARTICULAR LONG TERM SOUTHERN COLORADO, I BELIEVE AND THE STATE OF COLORADO IN GENERAL.

AND WE WON'T BE ABLE TO PROVIDE THE BEST EDUCATION FOR OUR STUDENTS AND RESOURCES FOR OUR STUDENTS ANY LONGER.

SO THE FACULTY AND STAFF ARE VERY CONCERNED ABOUT THIS PROPOSAL.

MR. WEISS, THANKS FOR YOUR COMMENTS.

REGENTS, DO YOU HAVE ANY QUESTIONS OR COMMENTS REGARDING OR? CHAIR GALLEGOS? REGENT SHARKEY HERE, IF IT'S ALL RIGHT, I WOULD LIKE TO MAKE A STATEMENT.

AT THIS TIME.

I THINK THAT WOULD BE APPROPRIATE.

OK, THANK YOU, I REALLY APPRECIATE THAT.

YOU KNOW, I'VE BEEN ON THIS BOARD FOR 10 YEARS AND IN MY 10 YEARS, I'VE ALWAYS ADVOCATED FOR AND FOUGHT FOR AND BEEN A CHAMPION FOR LOWERING TUITION AND KEEPING OUR TUITION AS LOW AS POSSIBLE.

AND, YOU KNOW, I'VE BEEN THERE WERE SOME YEARS THERE WHERE I THOUGHT OUR TUITION INCREASES WERE TOO HIGH AND I VOTED AGAINST THEM.

BUT IN THE LAST FEW YEARS, I THINK THE [INAUDIBLE].

REGENT SHARKEY, ARE YOU STILL THERE? LOOKS LIKE SHE FROZE UP AND NOW HER SCREEN IS.

SHE'S BACK.

AM I BACK? YOU'RE BACK.

WELL, I'M NOT SURE WHERE I LEFT OFF, BUT I JUST WANT TO SAY I FOUGHT FOR TUITION TO KEEP IT LOW.

AND I'M PROUD THAT THE UNIVERSITY OVER THE LAST FEW YEARS HAS KEPT TUITION AT ZERO PERCENT.

AND I KNOW THAT I AGREED TO A TUITION REBATE BACK IN AUGUST AND I BELIEVE THINGS HAVE CHANGED SINCE AUGUST.

NUMBER ONE, WE'RE IN A TIME OF EVEN MORE UNCERTAINTY TODAY THAN WE WERE SEVERAL MONTHS AGO.

AND THAT UNCERTAINTY NOT ONLY IMPACTS OUR STUDENTS, BUT IT IMPACTS OUR FACULTY, OUR STAFF, OUR ADMINISTRATION, OUR COST, THE EXPENSE OF DELIVERING HIGHER EDUCATION.

SO OVER THE LAST MONTHS, I'VE BEEN LEARNING MORE ABOUT HOW THE UNIVERSITY IS DELIVERING COURSE INSTRUCTION AND SO NOBODY LIKES THE SITUATION THAT WE FIND OURSELVES IN.

IT REALLY SUCKS.

YOU KNOW, I THINK EVERYBODY IN THIS COUNTRY HAS BEEN IMPACTED IN A NEGATIVE WAY AND IN ONE WAY OR ANOTHER.

BUT, YOU KNOW, I WAS RAISED BY WORLD WAR TWO VETERAN WHO AT TWENTY ONE WAS DROPPING BOMBS FOR FREEDOM.

AND I KNOW THAT HIS GENERATION, THEY TOUGHED IT OUT.

THEY WERE STRONG.

AND I BELIEVE THAT WE CAN FIND THIS TIME IN OUR HISTORY TO BE STRONG, TO BE

[00:15:02]

RESILIENT, TO BE FLEXIBLE, TO BE INNOVATIVE, AND AS STUDENTS OF THIS UNIVERSITY, TO SHOW HOW GREAT THEIR GENERATION IS, TO SHOW THAT DURING THE TOUGHEST OF TIMES, WE STAND TOUGH, WE STAND STRONG AND WE STAND TOGETHER.

SO I HAVE REALLY APPRECIATED THE WORK THAT THE UNIVERSITY HAS BEEN DOING AND THEIR WORK, THEIR DEDICATION, THEIR CREATIVITY.

I WISH EVERYONE IN THE STATE COULD KNOW AND UNDERSTAND AND HAVE THAT LEVEL OF DEPTH OF UNDERSTANDING OF WHAT THIS UNIVERSITY HAS ACHIEVED IN GETTING THROUGH THIS PANDEMIC.

SO STUDENTS ARE STILL EARNING CREDITS.

THEY'RE MAKING PROGRESS TOWARDS DEGREES AND FURTHER CUTS WOULD DIMINISH QUALITY AND WOULD HAVE LASTING NEGATIVE RIPPLE EFFECTS ON CU EDUCATION.

ALMOST THE ENTIRE WORKFORCE, LIKE IT'S ALREADY BEEN MENTIONED SO MANY TIMES, HAS TAKEN PAY CUT FURLOUGHS, 10 PERCENT CUTS ACROSS THE SYSTEM AND CAMPUS LEADERSHIP ARE TAKING THE MOST AGGRESSIVE IN THE STATE.

AND I APPLAUD PRESIDENT KENNEDY FOR ENGAGING WITH THE CU FOUNDATION, WHICH PROVIDED 12 MILLION DOLLARS IN GRANTS FOR STUDENTS SUFFERING FINANCIAL HARDSHIP DUE TO THE PANDEMIC AND TO MAKE INVESTMENTS IN MENTAL HEALTH SERVICES ON EACH CAMPUS.

WE HAVE ALSO BEEN SPENDING DOWN RESERVES TO COVER SOME OF THOSE OPERATING COSTS AND TO BACK LOST REVENUE FROM THE STATE AND ELSEWHERE.

AND IN LEARNING ABOUT HOW MUCH THE TUITION RESERVES HAVE BEEN DRAWN DOWN, I'M CONCERNED AT THIS TIME THAT THEY'VE BEEN DRAWN DOWN DRAMATICALLY LOW, AND FOR THAT I'M WORRIED ABOUT THE FUTURE.

SO ALL OF THIS HAS LED ME TO THE CONCLUSION THAT THIS RESOLUTION WILL HURT THE UNIVERSITY.

AND I CERTAINLY UNDERSTAND AND APPRECIATE THE APPEALS OF SOME OF THE STUDENTS WE HEARD FROM TODAY AND IN CORRESPONDENCE WITH THE BOARD.

AND I WILL CONTINUE TO FIGHT FOR AFFORDABLE TUITION IN THE SAME WAY THAT I HAVE FOR THE LAST 10 YEARS.

BUT I WILL ALSO BE A STEADFAST CHAMPION FOR ENSURING THAT CU DELIVERS THE KIND OF EDUCATION OUR STUDENTS DEMAND AND OUR STATE EXPECTS, EVEN AMID THE GLOBAL PANDEMIC.

SO I'M GOING TO END WITH THIS AND I'M GOING TO LEAVE YOU WITH THIS QUESTION.

WHO SHOULD COVER THE COST OF EDUCATION IN THE STATE OF COLORADO? THE TUITION PAYER OR THE TAXPAYER, BECAUSE SOMEBODY HAS TO PAY FOR THIS AND SO WE HAVE TO DECIDE.

EACH OF US INDIVIDUALLY AS REGENTS, WHAT WE ADVOCATE TO SUPPORT TAX SUPPORTED TUITION, OUR COST OF EDUCATION, WILL WE SUPPORT THAT? AND IF NOT, THEN WILL WE PUT THE ADDED BURDEN ON OUR STUDENTS? AND THAT'S THE QUESTION THAT THE STATE NEEDS TO ANSWER.

OUR LEGISLATORS NEED TO ANSWER AND WE AS REGENTS NEED TO ANSWER.

AND I WANT TO SAY WITH A GRATEFUL HEART HOW MUCH I APPRECIATE THIS UNIVERSITY, OUR FACULTY, OUR ADMINISTRATION AND OUR STAFF FOR ALL OF THE HARD WORK AND DEDICATION YOU'VE PUT INTO THIS DURING THIS COVID CRISIS.

WE'LL MOVE ON TO THE CHAIR'S REPORT AT THIS POINT, AND YESTERDAY, THE 11TH WAS VETERANS DAY, SO A DAY LATE TO SHOUT OUT TO OUR VETERANS THROUGHOUT THE UNITED STATES.

REGENT SHARKEY.

THEY'RE IMPORTANT TO US.

AND I NOTICED THAT THEY HAD CELEBRATIONS AND MEMORIALS AND THOSE KINDS OF THINGS YESTERDAY, BUT THEY WERE VERY, VERY LOW KEY BECAUSE OF THE COVID AND THE DIFFERENT PLACES WE'RE AT.

BUT A SHOUT OUT TO OUR VETERANS.

THE OTHER SHOUT OUT JUST TO OUR THREE NEW ELECTED REGENTS.

AND I'D LIKE TO CONGRATULATE CALLIE RENNISON CONGRESSIONAL DISTRICT TWO, ILANA SPIEGEL CONGRESSIONAL DISTRICT SIX AND NOLBERT CHAVEZ CONGRESSIONAL DISTRICT SEVEN.

YOU, THIS IT'S PROBABLY WON'T BE AS OFFICIAL AS IT NEEDS TO BE UNTIL WE DO THE SWEARING IN IN EARLY JANUARY.

BUT WE WONDERED WHO THEY WERE GOING TO BE AND THE ELECTION TOOK PLACE.

AND SO WE'RE READY TO WELCOME YOU.

I SEE THAT YOU'RE ALL THERE.

AND SO I THOUGHT.

WE'LL GIVE THEM 30 SECONDS TO A MINUTE TO TALK ABOUT THEMSELVES JUST A LITTLE BIT.

AND SO THE OPPORTUNITY IS THERE.

AND SINCE I READ CALLIE'S NAME FIRST, I GUESS I'LL GO TO YOU FIRST.

THANK YOU, CHAIR.

SO MY NAME IS CALLIE RENNISON.

I AM FACULTY MEMBER IN THE SCHOOL OF PUBLIC AFFAIRS IN THE UNIVERSITY OF COLORADO DENVER CAMPUS.

AND I RAN FOR REGENT IN CD TWO AND WON OBVIOUSLY.

I AM REALLY LOOKING FORWARD TO WORKING WITH THE WHOLE TEAM TO, AS I CAMPAIGNED,

[00:20:04]

HELP MAKES CU WORK FOR EVERYONE EVEN BETTER THAN IT DOES NOW.

I'M HOPING TO BRING SOME EXPERTISE THAT WILL BENEFIT THE REST OF THE BOARD, BUT ULTIMATELY I AM LOOKING FORWARD TO OUR TEAM WORKING TOGETHER.

I REALLY THINK THAT WE ALL HAVE SO MUCH MORE IN COMMON THAN WE HAVE DIFFERENCES.

AND I'M LOOKING FORWARD TO BEING ABLE TO BRING ALL OF US TOGETHER AND DO THE THINGS THAT WE ALL WANT TO DO.

ILANA? WELL, THANKS, MR. CHAIR, AND THANK YOU TO EVERYONE ON THE CALL TODAY.

ILANA SPIEGEL, A MOM AND AN EDUCATOR AND THE REGENT ELECT IN THE 6TH CONGRESSIONAL DISTRICT.

AND I JUST REALLY APPRECIATE THE OPPORTUNITY TO SAY A FEW WORDS.

AS YOU ALL KNOW HERE, ELECTIONS REALLY ONLY DETERMINE WHO HOLDS THE OFFICE.

AND MY COMMITMENT TO BUILD A BRIGHT FUTURE THROUGH AN INNOVATIVE AND INCLUSIVE EDUCATION DIDN'T START OR END ON NOVEMBER 3RD, 2020.

AND I JUST WANT TO SAY HOW MUCH I'M LOOKING FORWARD TO WORKING WITH EACH AND EVERY ONE OF YOU SO WE CAN BRING PRAGMATIC AND THOUGHTFUL LEADERSHIP ALTOGETHER TO THE UNIVERSITY OF COLORADO.

AND THANK YOU SO MUCH.

APPRECIATE IT, MR. CHAVEZ? SO, MR. CHAIRMAN, I WAS TOLD I'D HAVE 30 MINUTES, NOT 30 SECONDS, SO I'LL HAVE TO CUT IT DOWN.

LET ME JUST LET ME JUST SAY THANK YOU FOR THE OPPORTUNITY AFTER A HARD FOUGHT ELECTION.

I'M READY TO WORK.

ON BEHALF OF THE BOARD, I WOULD WELCOME YOU AND, YOU KNOW, WE'RE LOOKING FORWARD TO BECOMING A PART OF THE TEAM AND MAKING SOME OF THE GREAT DECISIONS AND YOUR INPUT AND YOUR EXPERTISE ON A CITIZEN BOARD THAT WILL WORK FOR THE UNIVERSITY OF COLORADO.

SO CONGRATULATIONS TO ALL OF YOU AND REALLY LOOKING FORWARD TO IT.

THE LAST COUPLE OF THINGS THAT I HAVE WOULD BE THAT WE ARE IN THE MIDDLE OF SOME SEARCHES RIGHT NOW FOR OUR TREASURER.

WE HAD AN UPDATE THIS MORNING AND THAT'S GOING REALLY WELL.

RICHARD KROLL AND REGENT SHARKEY ARE RUNNING THOSE.

AND THEN WE ALSO HAVE A SEARCH IN PLACE FOR THE VICE PRESIDENT TO AUDIT POSITION THAT KEVIN HAS HAD OVER THE LAST SIX OR SEVEN YEARS.

BOTH IMPORTANT SEARCHES AND REGENT GANAHL AND REGENT SMITH ARE LEADING THOSE.

AND WE HOPE TO HAVE THOSE NAMED IN LIGHT BY THE END OF THE YEAR IF EVERYTHING GOES WELL.

WE'RE ALSO LOOKING FOR SOME WAYS TO INVOLVE OUR NEW REGENTS IN THAT DECISION MAKING PROCESS AS WELL.

SO WE WILL BE WITH YOU IN THE NEXT DAY OR TWO WITH SOME AREAS THAT YOU CAN GET INVOLVED WITH.

REGENT OR VICE CHAIR SMITH ANYTHING YOU'D LIKE TO ADD WITH REGARD TO THE NEW REGENTS OR ANYTHING YOU WOULD CARE TO CHIME IN ON? WELL, I KNOW, YOU KNOW, ORIENTATION IS COMING UP AND I'M HELPING WITH THAT ALONG WITH GLEN, SO I LOOK FORWARD TO SEEING YOU IN THE NEXT FEW SESSIONS AND WELCOME REGENT-ELECTS.

THAT CONCLUDES MY REPORT.

WE'LL GO TO THE PRESIDENT'S REPORT, PRESIDENT KENNEDY? WELL, THANK YOU, CHAIR GALLEGOS.

WE HAVE A VERY FULL MEETING, SO I'LL KEEP MY COMMENTS BRIEF.

I, TOO, WANT TO CONGRATULATE REGENTS-ELECT NOLBERT CHAVEZ, CALLIE RENNISON AND ILANA SPIEGEL.

WE'VE LOTS OF WORK TO DO.

AND I LOOK FORWARD TO WORKING WITH EACH OF YOU AND KNOW THAT YOU'LL BE VALUABLE ADDITIONS TO THE BOARD.

I LOOK FORWARD TO RECOGNIZING THE DEDICATED SERVICE OF OUR OUTGOING REGENTS.

LATER IN THIS MEETING, JOHN CARSON, IRENE GRIEGO AND LINDA SHOEMAKER.

AND AS THE RECENT RISE IN CASES ON COVID BOTH NATIONALLY AND LOCALLY MAKES CLEAR, THIS PANDEMIC ISN'T GOING AWAY ANYTIME SOON.

I WANT TO RECOGNIZE AND THANK THE HARD WORK AND THE INGENUITY OF OUR FACULTY AND STAFF THAT ARE DEVOTED, AS YOU JUST HEARD, TO ENSURING OUR STUDENTS ADVANCE TOWARDS THEIR EDUCATIONAL GOALS AND OUR IMPORTANT WORK IN RESEARCH.

WE CONTINUE TO LEARN VALUABLE LESSONS AS WE'VE OPENED OUR CAMPUSES ON A LIMITED BASIS.

OUR FACULTY ARE CONTINUALLY REFINING HOW THEY TEACH REMOTELY.

WE'VE ACQUIRED KNOWLEDGE AND SKILLS, INCLUDING HOW TO WORK WITH OUR SURROUNDING CITIES, COUNTIES IN THE STATE THAT BETTER POSITION US FOR SPRING.

AND WHO KNOWS, WE MAY STILL BE IN THIS PANDEMIC THIS NEXT FALL.

WE'VE EXPENDED GREAT RESOURCES TO ENSURE THE HEALTH AND WELL-BEING OF OUR STUDENTS, FACULTY, STAFF AND SURROUNDING COMMUNITIES, AND THOSE COSTS HAVE NOT BEEN PASSED ON TO THE STUDENTS AS WE ARE IN OUR THIRD YEAR.

AT THE SAME TUITION RATE AND FACE LOWER GOVERNMENT FUNDING.

AND GIVEN OUR INCREASING FINANCIAL AID OVER THE LAST SEVERAL YEARS, THE

[00:25:02]

OUT-OF-POCKET COSTS FOR A CU DEGREE IS LOWER IN REAL TERMS TODAY THAN IT WAS SEVEN YEARS AGO.

WE ARE DEDICATED TO DOING ALL WE CAN TO NOT ONLY ADVANCE OUR STUDENTS EDUCATIONAL JOURNEY, BUT TO HELP THEM HAVE THE BEST STUDENT EXPERIENCE POSSIBLE WITHIN THE CONSTRAINTS OF THE PUBLIC HEALTH PROVISIONS.

WE ACKNOWLEDGE THAT THERE'S ADDED STRESS, MENTAL, PHYSICAL, FINANCIAL THAT STUDENTS HAVE FACED DURING THESE EXTRAORDINARY TIMES.

AT THE START OF THIS FALL SEMESTER, THE CU FOUNDATION APPROVED MY REQUEST TO MAKE FIVE MILLION AVAILABLE TO OUR STUDENTS EXPERIENCING FINANCIAL HARDSHIP DUE TO THE IMPACT OF COVID-19.

THESE FUNDS HAVE BEEN AVAILABLE AND FLEXIBLE FOR HOWEVER THE STUDENT NEEDED IT.

THE CU FOUNDATION HAS ALSO MADE AVAILABLE TWO MILLION DOLLARS ADDITIONAL TO ADDRESS THE URGENT PANDEMIC RELATED MENTAL HEALTH NEEDS OF OUR CAMPUS.

IN RECOGNIZING THE PERSISTENCE OF THIS PANDEMIC AND ITS CONTINUED IMPACT ON OUR STUDENTS.

I'M ANNOUNCING TODAY THAT A FURTHER ROUND OF FUNDING FROM THE CU FOUNDATION WILL BE PROVIDED TO THE CAMPUSES.

EACH CAMPUS WILL HAVE THE DISCRETION AND REWARDING ITS SHARE OF THIS ADDITIONAL FIVE MILLION IN EMERGENCY FUNDING NEEDS OR FOR MENTAL HEALTH.

I'M GRATEFUL FOR THE CU FOUNDATION FOR OUR DONORS FOR HAVING THE RESOURCES THAT WE CAN PRIORITIZE OUR STUDENTS IN THIS WAY.

I'M CONFIDENT THAT THIS COLLECTIVE 12 MILLION WILL HAVE A SIGNIFICANT IMPACT ON THE LIVES OF OUR STUDENTS AND WILL ENABLE US TO IDENTIFY AND ADDRESS INSTANCES OF REAL NEED AND CIRCUMSTANCES THAT MAY STAND IN THE WAY OF THEM CONTINUING TO PURSUE THEIR DEGREE THIS SEMESTER OR NEXT.

I BELIEVE THIS IS REALLY THE MOST EFFECTIVE WAY TO ADDRESS CONCERNS THAT HAVE BEEN RAISED ABOUT TUITION.

WELL, THERE ARE MANY PEOPLE TO THANK.

LET ME SINGLE OUT TWO GROUPS BRIEFLY FOR SPECIAL RECOGNITION.

FIRST, AS COVID CASES SPIKE, IT'S CU'S HEALTH CARE PROFESSIONALS THAT WILL CONTINUE TO BE ON THE FRONT LINES AGAINST THIS PANDEMIC.

WE THANK THEM FOR THEIR SERVICE AND SACRIFICE.

AND FINALLY, I WANT TO JOIN THE CHAIRMAN IN OBSERVING OUR VETERANS AND THANKING THEM PAST, PRESENT AND FUTURE FOR THEIR SERVICE, FOR THEIR SACRIFICES.

THAT ALLOWS US TO GATHER HERE TODAY.

AND THANK YOU, CHAIRMAN.

I TURN IT BACK TO YOU.

THANK YOU, PRESIDENT KENNEDY.

OUR NEXT ORDER OF BUSINESS IS APPROVAL OF THE CONSENT AGENDA.

[D. 1:15 p.m. CONSENT AGENDA]

PLEASE NOTE THAT THERE ARE SEVERAL ADDITIONAL ITEMS ON THE CONSENT AGENDA FROM EXECUTIVE SESSIONS DISCUSSION.

THE UPDATED CONSENT AGENDA ITEMS ARE LISTED ON BOARD DOCS.

IS THERE A MOTION TO APPROVE THE CONSENT AGENDA ITEMS? SO MOVED.

SO MOVED BY REGENT KROLL AND A SECOND WAS? SHARKEY.

REGENT SHARKEY, IT IS MOVED AND SECONDED.

IS THERE ANY DISCUSSION? THE QUESTION BEFORE US IS APPROVAL OF ALL ITEMS LISTED ON THE CONSENT AGENDA ALL IN FAVOR, SAY AYE.

THE NEXT ORDER OF BUSINESS IS DISMISSAL FOR CAUSE OF PROFESSOR AMY WILKINS, WE

OPPOSED, SAY NO.

THE MOTION PASSES.

[E. 1:20 p.m. OTHER REGENT ACTION ITEMS]

WILL TAKE A MOTION AND THEN DISCUSSION.

IS THERE A MOTION? AND I THINK, YES? I'LL MOVE THAT ACTION ITEM E1.

I'LL MAKE A MOTION FOR DISMISSAL FOR CAUSE OF PROFESSOR AMY WILKINS.

DO I HEAR SECOND? I'LL SECOND.

I'LL SECOND.

WE HAVE A SECOND BY REGENT HILL AND BY REGENT CARSON, DISCUSSION? MR. CHAIRMAN, DO YOU WANT ME TO READ THE RESOLVE CLAUSE OF THAT RESOLUTION? OH, YES, PLEASE DO.

BY THE WAY, THE RESOLUTION IS NOW IN BOARD DOCS AND IS PUBLIC.

THE [INAUDIBLE] I'M JUST GOING TO BE READING RESOLVE CLAUSE AND THE STATEMENT INFORMATION CAN BE FOUND IN THE REST OF THE RESOLUTION ON BOARD DOCS.

RESOLVED THAT THE REGENTS OF THE UNIVERSITY OF COLORADO DETERMINES THAT CLEAR AND CONVINCING EVIDENCE, AS DEMONSTRATED THAT PROFESSOR AMY WILKINS, UNIVERSITY OF COLORADO, BOULDER DEPARTMENT OF SOCIOLOGY, HAS ENGAGED IN CONDUCT FALLING BELOW THE STANDARDS OF PROFESSIONAL INTEGRITY AND THAT THE GOOD AT THE UNIVERSITY REQUIRES DISMISSAL FROM HER TENURED APPOINTMENT.

THE REGENTS AT THE UNIVERSITY OF COLORADO REVOKED PROFESSOR WILKINS TENURED APPOINTMENT AND DIRECT UNIVERSITY OF COLORADO BOULDER CHANCELLOR DISTEFANO TO TAKE ANY ADMINISTRATIVE ACTIONS NECESSARY TO DISMISS PROFESSOR WILKINS FROM HER EMPLOYMENT WITH THE UNIVERSITY OF COLORADO.

THAT'S THE END OF THE RESOLVE CLAUSE.

THAT WAS THE MOTION, IT WAS BY REGENT KROLL AND SECONDED BY REGENT HILL AND REGENT CARSON.

[00:30:07]

NOW, DO WE HAVE SOME DISCUSSION? THIS IS LINDA.

I WOULD HAVE A STATEMENT, YES.

OK, REGENT SHOEMAKER, IT'S ALL YOURS.

I'M SPEAKING TODAY FOR MYSELF AND FOR REGENT GRIEGO.

WE ARE GOING TO VOTE NO ON THIS DISMISSAL.

AND HERE'S WHY.

NUMBER ONE.

THE BOARD OF REGENTS IS BEING ASKED TO VOTE TODAY ON THE DISMISSAL FOR CAUSE OF TENURED PROFESSOR AMY WILKINS PURSUANT TO REGENT LAW AND POLICY.

THIS IS THE ONLY STATEMENT THE TWO OF US WILL MAKE AND WE WILL NOT HAVE ANY FURTHER COMMENTS ON THIS MATTER TO MEDIA OR OTHERWISE.

AS REGENTS, WE UNDERSTAND THAT APPOINTMENT AND DISMISSAL OF TENURED FACULTY MEMBERS ARE AMONG THE MOST IMPORTANT DUTIES VESTED IN THE BOARD OF REGENTS.

AND THE MOST DIFFICULT DECISIONS THAT WE HAVE TO MAKE.

A FACULTY MEMBER MAY ONLY BE DISMISSED WHEN THERE ARE GROUNDS FOR DISMISSAL AND WHEN IN THE JUDGMENT OF THE MAJORITY OF THE BOARD OF REGENTS.

THE GOOD OF THE UNIVERSITY REQUIRES SUCH ACTION.

THE GROUNDS FOR DISMISSAL, SORRY, THE GROUNDS FOR DISMISSAL APPLICABLE IN THIS CASE ARE MULTIPLE INSTANCES OF BEHAVIOR BY THE FACULTY MEMBER, WHICH TAKEN TOGETHER CONSTITUTE A CONDUCT THAT FALLS BELOW THE MINIMUM STANDARDS OF PROFESSIONAL INTEGRITY.

AS REGENTS, WE MUST JUDGE THIS MATTER BY THE CLEAR AND CONVINCING STANDARD OF EVIDENCE.

WE'VE HAD FULL ACCESS TO THE ENTIRE RECORD CONSISTING OF THOUSANDS OF PAGES OF DOCUMENTS.

NONE OF THESE DOCUMENTS IS IN THE PUBLIC DOMAIN, THEREFORE, WE CANNOT RECITE ANY FACTS OR EVIDENCE WHICH WE FOUND PERSUASIVE IN THIS DOCUMENTARY RECORD.

AS PROVIDED BY REGENT POLICY PRIOR TO OUR REVIEW, THE PRIVILEGE AND TENURE COMMITTEE OF THE FACULTY SENATE HELD A FULL HEARING ON THIS MATTER.

IT IS THE ONLY REVIEW PANEL TO USE THE CLEAR AND CONVINCING STANDARD OF EVIDENCE WHICH WE MUST USE TODAY.

THE PRIVILEGE AND TENURE COMMITTEE AGREED WITH MANY OF THE CONCERNS RAISED BY THE ADMINISTRATION, HOWEVER, THE PRIVILEGE AND TENURE COMMITTEE CONSIDERED SANCTIONS SHORT OF TERMINATION TO BE APPROPRIATE.

WE ARE STRONGLY COMMITTED TO PRINCIPLES OF SHARED GOVERNANCE BETWEEN FACULTY, REGENTS AND ADMINISTRATION.

FOR THIS REASON, AND DUE TO THE UNDERLYING FACTS OF THE CASE, WE CONCUR WITH THE FACULTY PRIVILEGE AND TENURE COMMITTEE AND WILL BE VOTING NO ON DISMISSAL.

IS THERE OTHER DISCUSSION? IF NOT, THE QUESTION BEFORE US IS DISMISSAL FOR CAUSE.

EFFIE WILL YOU CALL THE ROLL, PLEASE? REGENT CARSON? I BELIEVE REGENT CARSON LEFT THE MEETING.

OH, THERE HE IS.

I VOTE AYE.

SORRY MY COMPUTER FROZE UP FOR A LITTLE WHILE THERE.

REGENT SHOEMAKER? NO.

REGENT SMITH? AYE.

AND CHAIR GALLEGOS? YES.

THAT'S A SEVEN TO TWO VOTE.

MOVING ALONG HERE, OUR NEXT ITEM IS THE CU ONLINE DISCUSSION.

[F. 1:30 p.m. CU ONLINE DISCUSSION]

WE BEFORE WE WERE MEETING ON ZOOM HAD CHANGED OUR MEETINGS TO NOT ONLY BE BUSINESS, BUT ALSO BE A PLACE WHERE WE COULD LEARN, WHERE WE COULD INTERACT, WHERE WE COULD ASK QUESTIONS AND WE HAD SOME GREAT SESSIONS FOR THREE OR FOUR MEETINGS.

AND SINCE THEN, WE'VE BEEN MEETING ON ZOOM.

THIS IS OUR CHANCE TO RESURRECT THAT.

WE HAVE A GREAT TOPIC TODAY, WHICH IS ONLINE EDUCATION AND AS MUCH AS YOU CAN ON

[00:35:03]

ZOOM.

IF ANYONE CAN DO IT, PRESIDENT KENNEDY CAN.

IN TERMS OF THE ATTRIBUTES THAT I PUT TOWARDS THIS, LEARNING TOGETHER, THE ASKING QUESTIONS, SO ON AND SO FORTH.

SO THAT'S THE PURPOSE OF THIS PARTICULAR 30 OR 30 MINUTE PRESENTATION OR SO.

SO WITH THAT PRESIDENT KENNEDY, IT'S ALL YOURS.

WELL, THANK YOU.

AND I'M GOING TO ASK SCOT CHADWICK, THE LEADER OF ONE OF THE CO-LEADERS OF OUR OFFICE OF DIGITAL EDUCATION, TO LEAD A TEAM PRESENTING TO YOU WHAT TYPES OF ACTION WE'VE MADE IN RECENT MONTHS AND HOW THAT HAS BENEFITED THE UNIVERSITY AND WHERE WE'RE GOING IN THE FUTURE.

SO I'LL TURN IT OVER TO YOU, SCOT.

GOOD AFTERNOON, EVERYONE.

THANK YOU SO MUCH FOR HAVING US TODAY.

WE'RE VERY EXCITED TO BE WITH YOU.

I WOULD LIKE TO AS PRESIDENT KENNEDY SAID, I CO-LEAD THE OFFICE OF DIGITAL EDUCATION WITH DR. SHEANA BULL, WHO COULD NOT BE WITH US TODAY.

SO I HAVE A FEW OTHER FOLKS FROM OUR TEAM THAT ARE JOINING ME, AND I WOULD LIKE TO INTRODUCE THEM FIRST.

SO FIRST, I'D LIKE TO TURN IT OVER TO DR. SAM MORENO.

SAM, DO YOU INTRODUCE YOURSELF? HI, GOOD AFTERNOON.

I'M SAM MORENO, I'M THE SENIOR DIRECTOR FOR ONLINE STUDENT SUCCESS.

I'VE BEEN WITH THE UNIVERSITY OF COLORADO, THIS IS THE START OF MY 13TH YEAR AND TWENTY FIVE YEARS IN HIGHER EDUCATION AND STUDENT AFFAIRS ROLES, INCLUDING BEING THE DEAN OF STUDENTS AT CU DENVER.

I'M ALSO A FACULTY MEMBER IN OUR COUNSELING HIGHER ED AND STUDENT AFFAIRS PROGRAM AT CU DENVER.

VERY GOOD.

THANK YOU SO MUCH, SAM.

NEXT, I'D LIKE TO INTRODUCE COURTNEY BORTON.

COURTNEY? GOOD AFTERNOON, EVERYBODY.

COURTNEY BORTON, I HAVE THE PRIVILEGE OF OVERSEEING THE MARKETING AND RECRUITMENT TEAM WITHIN THE OFFICE OF DIGITAL EDUCATION.

I HAVE BEEN WITH THE UNIVERSITY OF COLORADO FOR TWO YEARS, AND PRIOR TO THAT, I SPENT SOME TIME OVER AT THE UNIVERSITY OF CENTRAL FLORIDA LAUNCHING THEIR UCF ONLINE PROGRAM.

AND PRIOR TO THAT, I CAME FROM THE CORPORATE SECTOR.

VERY NICE TO MEET YOU, VIRTUALLY.

THANK YOU, COURTNEY.

AND NEXT IS ERIN GABRYSH.

ERIN? HI EVERYONE, GOOD AFTERNOON.

I'M ERIN GABRYSH, DIRECTOR OF PROGRAM STRATEGY AND OPTIMIZATION.

AND WHAT I DO IS I HELP PARTNER WITH ONLINE PROGRAMS AND OUR PARTNER FACULTY AND COLLEAGUES TO HELP READY PROGRAMS FOR ONLINE.

I'VE BEEN HERE FOR ABOUT A YEAR AND A HALF AND PRIOR TO THAT I'VE BEEN IN THE CORPORATE SECTOR HELPING UNIVERSITIES WITH ONLINE PROGRAMS AS WELL.

AND NEXT, DR. JASON DRYSDALE.

THANK YOU, ERIN.

JASON? THANKS SCOT, HI, EVERYONE, I'M JASON.

IT'S GREAT TO MEET YOU.

I'VE BEEN WITH THE UNIVERSITY FOR SEVEN YEARS, FIRST IN THE COLLEGE OF NURSING ON THE ANSCHUTZ CAMPUS AS MANAGER OF INSTRUCTIONAL DESIGN AND NOW WITH THE OFFICE OF DIGITAL EDUCATION, AS THE DIRECTOR OF INSTRUCTIONAL DESIGN AND PROGRAM DEVELOPMENT.

VERY EXCITED TO BE WITH YOU ALL TODAY.

AND LASTLY, A VERY SPECIAL GUEST THAT WE HAVE WITH US TODAY, DR. GARY COLBERT FROM THE CU DENVER BUSINESS SCHOOL.

THANKS, JASON.

GARY? GOOD AFTERNOON.

THANK YOU FOR INVITING ME TO SHARE AND PARTICIPATION OF THIS PRESENTATION.

I'VE BEEN ON THE FACULTY AT THE BUSINESS SCHOOL FOR TWENTY SEVEN YEARS, GIVE OR TAKE A YEAR, I LOSE COUNT AND I'M THE DIRECTOR OF OUR PROFESSIONAL MBA PROGRAM AND OUR ACCOUNTING PROGRAMS. THANK YOU.

THANKS SO MUCH, GARY.

OK, SO I'M GOING TO GO AHEAD AND BEGIN SHARING MY SCREEN AND WE'LL GO THROUGH OUR PRESENTATION AS A AS JUST A TIME CHECK.

WE HAVE ABOUT FORTY FIVE MINUTES ROUGHLY, I THINK THAT WE'RE THAT WE'RE PLANNED FOR OUR TIME TODAY.

AND WE'RE GOING TO MAKE SURE THAT WE HAVE TIME AVAILABLE FOR OPEN Q&A AT THE END OF THAT.

PLEASE LET ME KNOW IF YOU'RE ABLE TO SEE THE SCREEN OK? THAT GOOD? NOT YET, NO.

NO, IT'S NOT OK.

MY APOLOGIES.

LET ME TRY ONE MORE TIME.

OK, HOW ABOUT NOW? ALL RIGHT, EXCELLENT.

SO I'M GOING TO GIVE A QUICK RUN THROUGH OF OUR AGENDA AND GOALS TODAY.

SO WHAT WE WANT TO HAVE YOU BE ABLE TO WALK AWAY WITH TODAY IS A IS A BASELINE

[00:40:10]

UNDERSTANDING OF WHAT THE OPPORTUNITY IS FOR THE UNIVERSITY OF COLORADO IN THE ONLINE SPACE.

WE'RE INCREDIBLY EXCITED ABOUT IT.

AND WE'RE LOOKING FORWARD TO SHARING MORE BACKGROUND WITH YOU ON WHAT THAT LOOKS LIKE.

WE ALSO WANT TO GIVE YOU A SENSE OF THE POPULATION THAT WE'RE WORKING TO SERVE AND TALK A LITTLE BIT ABOUT WHAT'S IMPORTANT TO THOSE FOLKS.

NEXT, WE'D LIKE TO, WE'LL TAKE SOME TIME TO TALK WITH GARY ABOUT HIS EXPERIENCE WITH THE OFFICE OF DIGITAL EDUCATION OVER THE LAST FEW YEARS AS WE'VE BEEN PARTNERING WITH THEM IN A COUPLE OF KEY AREAS.

AND WITHIN THAT HELP YOU GET A BETTER UNDERSTANDING OF THE THINGS THAT THE OFFICE OF DIGITAL EDUCATION DOES.

WE'RE ALSO GOING TO SPEND SOME TIME TALKING ABOUT WHAT'S AHEAD FOR CU ONLINE AND GIVE YOU A LITTLE VIEW INTO THE FUTURE.

AND THEN, AS I SAID, WE'LL OPEN IT UP FOR SOME Q&A.

SO FIRST, WE WANTED TO GIVE YOU A PERSPECTIVE OF WHAT THE OPPORTUNITY IS, AND WHEN WE LOOK AT THE STATE OF COLORADO, WELL OVER EIGHTY THOUSAND FOLKS ARE ENROLLED IN FULLY ONLINE PROGRAMS IN THE STATE OF COLORADO.

AND FOR THE UNIVERSITY OF COLORADO, WE HAVE A VERY SMALL SHARE OF THAT OF THAT MARKET.

WE'RE SUPPORTING A VERY SMALL NUMBER, CERTAINLY RELATIVE TO OUR BRAND AND OUR IMPORTANCE IN THIS STATE AND BEYOND.

SO WE LOOK AT THAT AND WE SEE THAT AS AS OPPORTUNITY AND UPSIDE.

WE REALLY THINK ABOUT THAT AS A LOT OF GROWTH OPPORTUNITY FOR US.

AND AT THE SAME TIME, AS WE KNOW, THERE'S A LOT OF FOLKS THAT ARE IN THIS SPACE.

THERE'S A LOT OF INSTITUTIONS THAT ARE IN THIS SPACE, HAVE BEEN WORKING AT THIS FOR QUITE SOME TIME AND A VERY FOCUSED MANNER WITH A SIGNIFICANT AMOUNT OF FUNDING AND RESOURCES TO SUPPORT THAT EFFORT.

SO WE HAVE SOME CATCHING UP TO DO.

THERE'S NO QUESTION.

AND THE MARKET IS VERY, VERY COMPETITIVE.

AND SO WE HAVE TO BE POSITIONED AND READY TO COMPETE AT THIS AT THIS KIND OF LEVEL WITH THE BEST INSTITUTIONS OUT THERE.

SO WHEN WE LOOK AT SOME OF THE RESEARCH THAT'S BEEN DONE AND SURVEYS OF ONLINE STUDENTS, WHAT WE FIND IS THAT THEY'RE INCREASINGLY CHOOSING INSTITUTIONS THAT ARE CLOSER TO WHERE THEY LIVE, WHICH MAY SEEM COUNTERINTUITIVE.

HOWEVER, THIS NUMBER MOST RECENTLY IS 75 PERCENT OF STUDENTS.

WHERE HAD IDENTIFIED THAT THEY WERE WITHIN 50 MILES OF THE INSTITUTION THAT THEY CHOSE TO ENROLL AT.

AND THAT'S GROWN SIGNIFICANTLY.

IT WAS 46 PERCENT JUST FOUR YEARS AGO.

SO WE'RE NOT ONLY SEEING THAT BEING A BIG NUMBER, BUT IT'S ALSO A GROWING NUMBER AS WELL.

SO THAT'S A THAT'S AN INTERESTING TREND THAT WE NEED TO PAY ATTENTION TO AND CERTAINLY GOOD FOR US BASED ON WHAT WE TALKED ABOUT ON THE PRIOR SLIDE IN TERMS OF THE NUMBER OF POTENTIAL STUDENTS THAT ARE THERE.

THE SAME TIME, IT'S A BIT IRONIC THAT WE'RE SEEING THAT WHEN WE LOOK AT THE STATE OF COLORADO IN THE STATES THAT ARE THE RED AND DARKER RED COLORS REPRESENT STATES WHERE THE POPULATION, THE ONLINE POPULATION WITHIN THOSE STATES IS LARGELY GOING ELSEWHERE TO ENROLL.

AND SO IN THIS CASE, OVER HALF OF THE ONLINE STUDENTS THAT ARE IN THE STATE OF COLORADO ARE ENROLLING AT INSTITUTIONS OUTSIDE OUR STATE.

YOU CAN SEE IN THE CASES OF OF ARIZONA, NEBRASKA, NEW HAMPSHIRE IN THIS CASE, THAT THE VAST MAJORITY OF THEIR STUDENTS ARE ENROLLING AT INSTITUTIONS IN THEIR OWN STATES.

AND CERTAINLY IT'S NOT SURPRISING IN THE CASE OF SOUTHERN NEW HAMPSHIRE UNIVERSITY AND ASU ONLINE, WE KNOW VERY WELL THE EFFORTS, THEIR EFFORTS AND THEIR SUCCESS ON THAT FRONT.

SO, AGAIN, IT'S A REAL THAT IN TOTAL, WE LOOK AT THAT AS A TREMENDOUS OPPORTUNITY FOR US TO BE ABLE TO REACH AND SERVE MANY MORE STUDENTS THAT ARE THAT ARE RIGHT IN OUR BACKYARD.

SO NEXT, WHEN WE THINK ABOUT THE POPULATION THAT WE'RE TRYING TO SERVE, THIS IS THIS IS A POPULATION THAT'S COMPLEMENTARY TO OUR ON CAMPUS POPULATION.

THESE ARE FOLKS THAT IN LARGE PART ARE BETWEEN THE AGES OF TWENTY FIVE TO FORTY FIVE.

THEY HAVE OFTEN BEEN OUT OF SCHOOL FOR FIVE TO SOMETIMES 10 YEARS OR MORE.

THEY THESE ARE FOLKS THAT HAVE MAYBE HAVE NOT FINISHED THEIR UNDERGRAD DEGREE OR THEY'RE LOOKING TO GET AN ADVANCED DEGREE.

THEY MAY LIVE THREE HUNDRED MILES AWAY OR THEY MAY LIVE THREE MILES AWAY BUT THE

[00:45:04]

FROM THEIR CAMPUS.

BUT THE ON CAMPUS OFFERING IS NOT CONVENIENT FOR THEM.

THEY NEED THEY NEED TO HAVE ANOTHER PATHWAY AVAILABLE TO THEM THAT'S FULLY ONLINE.

THESE ARE FOLKS THAT ARE PARENTS.

THEY'RE WORKING FULL TIME.

THEY MAY HAVE SOME OTHER FINANCIAL CHALLENGES IN THEIR LIVES AND THEIR OPPORTUNITY TO ADVANCE THEIR EDUCATION COMES AFTER THEY WORK, AFTER THEY'VE MAYBE MADE DINNER FOR THEIR FAMILIES AND HELP THEIR KIDS WITH HOMEWORK AND GET THEM TO BED AND THEN THEY GET TO GO TO SCHOOL.

AND SO THAT'S WE NEED TO BE THERE FOR THEM AT THAT TIME.

AND SO THIS IS REALLY A TREMENDOUS OPPORTUNITY FOR US.

IT'S SOMETHING THAT'S VERY ALIGNED TO OUR MISSION AS A UNIVERSITY AND AN OPPORTUNITY FOR US TO HAVE A BROADER IMPACT ON MANY MORE PEOPLE'S LIVES WHERE THIS IS THE ONLY PATH AVAILABLE TO THEM TO ADVANCE THEIR EDUCATION.

SO WE'RE VERY WE FEEL VERY HONORED TO BE IN THE SPACE AND DOING THIS KIND OF WORK.

SO WHEN WE THINK ABOUT THE THE THINGS THAT ARE IMPORTANT TO THIS POPULATION OF STUDENTS THAT WE'RE THAT WE'RE SERVING HERE.

THEY DO HAVE A DIFFERENT SET OF CRITERIA THAN OUR THAN OUR ON CAMPUS STUDENTS OFTEN.

AND THEY THEY MAKE DECISIONS ABOUT THEIR THE INSTITUTION THEY CHOOSE IN DIFFERENT WAYS.

SO SOME OF THE ITEMS ON THE RIGHT HAND SIDE HERE THAT I'LL JUST HIGHLIGHT A FEW OF.

IN TERMS OF THE CLARITY THEY REALLY LOOK FOR, ARE THE PROGRAMS THAT I'M LOOKING FOR AVAILABLE FROM THE INSTITUTION.

SO IT'S IMPORTANT THAT WE MAKE THAT EASY TO FIND.

MAY SOUND SIMPLE, BUT THERE ACTUALLY HAS TO BE A LOT OF THOUGHT AND WORK THAT GOES INTO MAKING OUR PROGRAMS EASY TO FIND, EASY TO FIND HOW MUCH THEY HOW MUCH THEY COST, HOW SOON THEY CAN START AND AND ALSO HOW SOON THEY CAN GET DONE.

BECAUSE, AGAIN, THIS POPULATION OF FOLKS, WHEN THEY MAKE DECISIONS ABOUT FINISHING THAT DEGREE OR GETTING THAT ADVANCED DEGREE, IT MAY HAVE COME AFTER MANY YEARS OF WONDERING, COULD I DO IT? SHOULD I DO IT? CAN I DO IT? AND THEY JUST AND THEY ONCE THEY MAKE THAT DECISION THAT, YES, NOW IS GOING TO BE THE YEAR, I'M GOING TO GET THAT DEGREE.

I WANT TO SEE THAT UNIVERSITY OF COLORADO DIPLOMA UP ON MY WALL.

THAT'S SOMETHING WHEN THEY DECIDE THEY MAKE THAT DECISION, THEY WANT TO BE ABLE TO START AS SOON AS POSSIBLE.

AND SO WE NEED TO MAKE SURE THAT THERE ARE PROGRAMS AVAILABLE TO THEM.

AND WE'RE MAKING THAT PROCESS VERY SIMPLE FOR THEM AS WELL.

THEY REALLY EXPECT A CONCIERGE LEVEL OF SUPPORT WHEN THEY REQUEST INFORMATION ABOUT A PROGRAM FROM OUR WEBSITE.

THEY EXPECT TO GET CONTACTED WITHIN MINUTES OR LESS.

AND THAT'S WHAT OUR COMPETITORS IN THE INDUSTRY ARE DOING.

THEY WILL CONTACT THEM IN SOME CASES WITHIN SECONDS OF THEM REQUESTING INFORMATION.

THEY'RE GOING TO GET A PHONE CALL.

SO THAT'S WHAT THIS THAT'S HOW COMPETITIVE IT IS IN THIS SPACE AND THE KIND OF SUPPORT AND SERVICE WE NEED TO PROVIDE.

AND THAT GOES ALL THE WAY THROUGH THE APPLICATION PROCESS AND THROUGH TO ENROLLMENT AND ALL THE WAY TO GRADUATION.

WE NEED TO PROVIDE THAT CONCIERGE LEVEL OF SUPPORT AND SERVICE FOR THEM THROUGHOUT THEIR EDUCATIONAL EXPERIENCE.

SO NEXT, WE LOOK AT THE OFFICE OF DIGITAL EDUCATION, OUR OFFICE WAS FOUNDED IN AT THE BEGINNING OF JANUARY 2018, AND IT'S REALLY WAS TO ACCOMPLISH A COUPLE OF KEY THINGS.

FIRST, IT WAS FOCUSED ON THE ONLINE GOALS THAT CHANCELLOR ELLIMAN AND CHANCELLOR HARREL AT THE TIME HAD ESTABLISHED AND THE VISION THAT THEY HAD FOR ONLINE ACROSS THEIR RESPECTIVE CAMPUSES.

AND IT CAME FROM THE LEADERSHIP, FROM OUR BOARD OF REGENTS.

YOU ALL HAD INCREDIBLE VISION AND DEMONSTRATED INCREDIBLE LEADERSHIP BACK IN THE FALL OF 2017 AROUND ONLINE AND REALLY MADE A SIGNIFICANT COMMITMENT TO THE UNIVERSITY TO ADVANCE OUR EFFORTS IN THIS IN THIS AREA.

AND IT'S REALLY WE'RE SEEING THE REWARDS OF THAT.

THE FOUNDATION THAT WE'VE BUILT, THE CAPABILITIES THAT WE HAVE AND TEAM ARE REALLY A REFLECTION OF YOUR VISION AND LEADERSHIP ON THIS FRONT AND YOUR COMMITMENT TO IT.

SO WE A HUGE THANK YOU TO YOU AGAIN FOR YOUR CONTINUED SUPPORT ON THAT FRONT.

SINCE THAT TIME, WE'VE HAD A CONTINUED EVOLUTION OF OUR OFFICE AND OUR CHARTER.

IN THE SPRING OF THIS YEAR, WE WERE ASKED TO BROADEN OUR CHARTER TO SUPPORT ALL FOUR CAMPUSES.

THIS WAS FIRST IN THE CONTEXT OF THE PRESIDENT'S FALL SPRING CAMPAIGN, WHICH WAS REALLY DESIGNED TO HELP SUPPORT THE CAMPUSES GOING INTO THE FALL 20 SEMESTER AND INTO THE SPRING TO HELP THEM HAVE SOME POSITIVE IMPACTS ON ENROLLMENT WITH

[00:50:04]

THE EXPECTED NEGATIVE IMPACTS THAT WOULD COME FROM THE PANDEMIC ENVIRONMENT.

THERE WAS A SIGNIFICANT AND RAPID EFFORT BY OUR TEAM TO CONTINUE WITH THE WORK THAT WE WERE DOING ACROSS DENVER ANSCHUTZ AND BEGAN ENGAGING WITH OUR PARTNERS AT UCCS AND BOULDER TO BE ABLE TO SUPPORT SOME TARGETED PROGRAMS THAT THEY FELT LIKE HAD SOME GREAT OPPORTUNITIES TO GROW.

WE ALIGNED WITH THEM AND WORKED WITH THEM VERY CLOSELY TO HELP ADVANCE THOSE EFFORTS AND BEGIN PROVIDING A VARIETY OF DIFFERENT KINDS OF SUPPORTS TO THEM TO HELP THEM BE SUCCESSFUL.

THEY'VE BEEN TREMENDOUS PARTNERS.

AND REALLY, THE CHANCELLOR, ALL FOUR CHANCELLORS HAVE BEEN AMAZING IN THEIR LEADERSHIP ON THIS FRONT.

AND IT'S REALLY IT'S REALLY BEEN VERY IMPACTFUL.

AND AT THE SAME TIME AS ESTABLISHED A REALLY GREAT PARTNERSHIP AND FOUNDATION FOR OUR PARTNERSHIP WITH ALL FOUR CAMPUSES.

SO DURING THAT PROCESS, WE ALSO BEGAN ARCHITECTING WHAT THE LONG TERM PARTNERSHIP AND STRUCTURE WILL LOOK LIKE WITH THE CAMPUSES AND OUR SUPPORT OF THE CAMPUSES.

SO THAT'S SOMETHING THAT WE'RE BEING VERY THOUGHTFUL AROUND HOW WE'RE GOING ABOUT THAT PROCESS AND WORKING COLLABORATIVELY WITH THE CAMPUSES TO DEVELOP A PARTNERSHIP STRUCTURE THAT REALLY FITS WITH SUPPORTING THEIR VISION AND MISSION FOR ONLINE.

SO WE'RE REALLY EXCITED ABOUT HOW THAT'S GOING.

AND YOU'LL SEE SOME WHAT WE'RE GOING TO BE CONTINUE TO WORK ON THAT FRONT OVER THE NEXT FEW MONTHS.

AND SO YOU'LL BE SEEING AND GETTING SOME UPDATES AS WE GO OVER THAT TIMELINE .

AS PART OF THIS PROCESS.

WE ALSO HAD TWO VERY PROMINENT ONLINE CONSULTANCIES COME IN AND HELP SUPPORT US DURING THIS PROCESS.

WE HAD ERNST AND YOUNG AS WELL AS ALPHA EDUCATION THAT WE PARTNERED WITH TO HELP PROVIDE SOME GUIDANCE AND INSIGHT AND ADVICE ON OUR NAVIGATION THROUGH THIS PROCESS.

AND AS PART OF THAT, THEY DID A VERY THOROUGH EVALUATION OF THE OFFICE OF DIGITAL EDUCATION AND OUR CAPABILITIES AND REALLY PROVIDED A GLOWING REPORTS OF WHAT WE HAD IN PLACE.

AND THAT REALLY HELPED SUPPORT THEIR RECOMMENDATIONS, BOTH INDEPENDENTLY, THAT OUR BEST APPROACH AT THE UNIVERSITY OF COLORADO SHOULD BE ONE THAT'S BASED ON LEVERAGING THIS AMAZING TEAM AND CAPABILITIES AS AN INTERNAL ENGINE, IF YOU WILL, TO SUPPORT THE CAMPUSES, AS I MENTIONED, SUPPORTING THEIR VISION AND THEIR AND THEIR MISSION AROUND ONLINE AND BE ABLE TO HELP THEM ACHIEVE THEIR GOALS.

SO THAT'S THE WORK THAT WE'RE DOING RIGHT NOW.

AND SO AS WE LOOK AT THAT AND LOOK AT WHAT WE DO WITH THE OFFICE OF DIGITAL EDUCATION, THIS IS A QUICK SNAPSHOT ON THE LEFT OF OUR COMPREHENSIVE SUPPORT THAT WE PROVIDE TO ONLINE PROGRAMS. AND SO WHAT I'D LIKE TO DO IS ACTUALLY TURN IT OVER TO MY TEAM TO PROVIDE A LITTLE BIT OF COMMENTARY ON THESE, TO GIVE YOU A LITTLE BETTER SENSE OF WHAT EACH OF THESE AREAS ARE AND WHAT THEY DO AND GET A LITTLE BIT MORE FAMILIAR WITH THEM.

SO WITH THAT, I'M GOING TO TURN IT OVER TO COURTNEY TO GIVE US A LITTLE BIT OF AN UPDATE ON MARKETING AND THE STUDENT RECRUITMENT SERVICES.

COURTNEY? SO WE HAVE A IN-HOUSE MARKETING TEAM WITHIN THE OFFICE OF DIGITAL EDUCATION THAT CONSISTS OF ACCOUNT MANAGEMENT, WEB SERVICES, CREATIVE SERVICES, CRM SERVICES.

PRIOR TO THE OFFICE OF DIGITAL EDUCATION BEING SET UP IN 2018.

WE WERE NOT DOING TOO MUCH MARKETING AROUND CU ONLINE AND FOR THE PROGRAMS. THERE WERE A FEW CAMPAIGNS LAUNCHED HERE AND THERE THROUGH THE DIFFERENT SCHOOLS AND COLLEGES, BUT REALLY PROMOTING THE BRAND THAT CU OFFERS FULLY ONLINE PROGRAMS AND BUILDING AWARENESS IN THE MARKET WAS NOT SOMETHING THAT HAD REALLY BEEN DONE IN THE PREVIOUS YEARS.

DATA ACTUALLY SHARED AND SHOWED US THAT WE WERE TRENDING ANYWHERE BETWEEN 10 TO 50 PROSPECTIVE STUDENTS INQUIRING ON THE FULLY ONLINE PROGRAMS THROUGH EITHER A LEAD FORM OR CALLING US DIRECTLY.

SO WHAT MY TEAM HAS BEEN DOING FOR THE LAST YEAR AND A HALF IS BUILDING AND LAUNCHING CAMPAIGNS TO PROMOTE MORE AWARENESS FOR CU ONLINE.

AND TODAY, I'M JUST SO EXCITED TO SHARE THAT WE ARE STEADILY TRENDING BETWEEN FOUR TO FIVE THOUSAND PERSPECTIVE STUDENTS THAT ARE INQUIRING OR FILLING OUT A LEAD FORM OR CALLING OUR ENROLLMENT AND AVOCATION TEAM DIRECTLY PER MONTH.

SO THIS TELLS US A FEW THINGS.

ONE, THE CAMPAIGNS THAT ARE CURRENTLY IN MARKET ARE RESONATING WITH OUR PROSPECTIVE STUDENTS.

MARKET DEMAND IS STRONG FOR OUR FULLY ONLINE POPULATION.

AND NOT ONLY IS MARKET DEMAND STRONG, BUT SO IS THE CU BRAND.

[00:55:01]

AND THERE'S A LOT OF OPPORTUNITY.

WE'VE BEEN VERY STRATEGIC ON HOW QUICKLY WE'VE RAMPED, WITH JUST THE CAMPAIGNS AND THE INTEREST.

IT'S VERY, VERY IMPORTANT, AS SCOT MENTIONED BEFORE, IN COMPETITION, THAT WE'RE ABLE TO ANSWER THESE CALLS AS POTENTIAL STUDENTS COME KNOCKING ON OUR DOOR, THAT WE ANSWER THAT WITHIN MINUTES.

THAT'S ULTIMATELY WHAT OUR COMPETITION IS DOING AND THAT WE'RE ASSISTING AS SOON AS THEY COME THROUGH AND HELPING THEM ANSWER JUST GENERAL QUESTIONS THAT THEY MAY OR MAY NOT BE ABLE TO FIND ON THE WEBSITE OR WHAT'S OUT THERE, AND THEN ALSO BE ABLE TO HELP THEM THROUGH THE APPLICATION PROCESS, WHICH ULTIMATELY GOES INTO MY RECRUITMENT TEAM, WHERE WE HAVE SEVERAL ENROLLMENT NAVIGATORS THAT HELP THE PROSPECTIVE ONLINE STUDENTS THROUGH THE PROCESS.

I COULD SPEND A LOT OF TIME SHARING ALL OF THE PIECES THAT THE ENROLLMENT NOTIFICATION TEAM DOES BETWEEN HELPING THEM THROUGH THE APPLICATION PROCESS TO FINANCIAL AID, LOGISTICS AND TRANSCRIPTS, BUT INSTEAD, I THOUGHT IT WOULD BE MORE HELPFUL TO SHARE A REALLY QUICK SHORT STORY.

THAT REALLY IS A GOOD EXAMPLE OF WHAT THE ENROLLMENT NAVIGATION TEAM DOES EVERY SINGLE DAY WITH A STORY WITH A LADY NAMED POOJA.

SO POOJA IS 29 YEARS OLD.

SHE LIVES IN GEORGIA AND SHE CONTACTED ONE OF OUR ENROLLMENT NAVIGATORS, MAX, BACK IN AUGUST.

SHE HAD BEEN LOOKING FOR AN AFFORDABLE ONLINE PROGRAM FOR OVER A YEAR AND WAS HAVING TROUBLE EITHER THROUGH THE APPLICATION PROCESS, FINDING THE INFORMATION THAT SHE WAS LOOKING FOR AND NEEDED.

AND MAX WAS ABLE TO CONTACT HER AND SET UP A CALL AND REALIZED VERY QUICKLY THAT SHE NEEDED A LITTLE BIT MORE HELP IN ORDER TO GET THROUGH THE APPLICATION AND SET UP A ZOOM SESSION WITH HER AND ACTUALLY STAYED WITH HER FOR A LITTLE OVER AN HOUR AND A HALF.

AND FILLED WENT THROUGH THE APPLICATION AND WENT THROUGH THAT WITH HER.

SO THEY COMPLETED IT TOGETHER.

SHE WAS INTERESTED IN THE BA AND HUMAN DEVELOPMENT AND FAMILY RELATIONS PROGRAM WITHIN DENVER.

AND SHE ALSO HAD SOME TRICKY, JUST NOT COMPLICATIONS, BUT LOGISTICS AROUND HER TRANSFER CREDITS THAT SHE NEEDED HELP WITH.

SO THAT WAS SOMETHING THAT MAX HELD HER HAND THROUGH, WORKED WITH THE SCHOOL AND COLLEGE TO GET HER THE ASSISTANCE THAT SHE NEEDED.

AND THEN UPON BEING ACCEPTED TO THE PROGRAM, SHE WAS ABLE TO THEN WORK WITH SAM MORENO'S TEAM ON GETTING THE MAJORITY OF HER TRANSFER CREDITS HANDED OVER AND ACCEPTED.

SO SHE ACTUALLY SENT A FEW EMAILS TO US AND MANAGEMENT JUST THANKING AND APPRECIATIVE THAT SHE WAS SO EXCITED.

SHE FINALLY FOUND A PROGRAM.

SHE'S BEEN WANTING TO COMPLETE HER DEGREE FOR YEARS AND YEARS, BUT SHE JUST NEEDED THAT ADDITIONAL ASSISTANCE AND HELP.

THIS IS A GOOD EXAMPLE OF THE POPULATION THAT WE'RE WORKING WITH EVERY DAY.

THOSE STUDENTS THAT JUST HAVE NOT BEEN TO SCHOOL IN A WHILE.

WE HAVE STUDENTS IN THEIR 30S, THEIR 40S, THEIR 50S.

WE EVEN HAVE STUDENTS IN THEIR 60S RIGHT NOW.

SO THAT'S KEY AROUND THE RECRUITMENT SERVICES AND THE ENROLLMENT NAVIGATION TEAM AND ALSO BEING THAT BRIDGE BETWEEN US AND THE OTHER SCHOOLS AND COLLEGES THAT ALSO NEED SOME ADDITIONAL RESOURCES AND ASSISTANCE.

SO WITH THAT BEING SAID, SAM, DO YOU WANT TO? YEAH, GREAT.

THANKS, COURTNEY AND SCOT.

SO AS YOU CAN HEAR THROUGH COURTNEY'S EXAMPLE, OUR TEAM PROVIDES STUDENTS AN EXCEPTIONAL EXPERIENCE THROUGHOUT THE STUDENT LIFECYCLE FROM APPLICATION THROUGH GRADUATION.

AND OUR OVERARCHING STRATEGY IS TO ESTABLISH AND MAINTAIN POSITIVE RELATIONSHIPS WITH STUDENTS.

SO JUST TO ENSURE THAT THEY KNOW THEY HAVE AN ADVOCATE, ESPECIALLY IN TIMES WHEN THERE ARE PROCESSES AND POLICIES THAT MAY NOT BE FAMILIAR TO THEM.

AND AS WE ALL TRANSITIONED TO REMOTE WORKING AND LEARNING, I THINK WE CAN ALL APPRECIATE THAT THERE WERE PROBABLY TECHNOLOGIES OR THINGS THAT WE WERE ALSO NOT FAMILIAR WITH.

SO THAT'S THE BEST SORT OF CORRELATION I CAN GIVE, IS THAT WE WANT TO MAKE SURE THAT OUR STUDENTS ARE REALLY PREPARED.

SO ONCE A STUDENT IS ADMITTED, OUR STUDENT RETENTION TEAM CONNECTS WITH EACH STUDENT INDIVIDUALLY TO ORIENT THEM TO THE UNIVERSITY AND TO THE ACADEMIC PROGRAM, MAKING SURE THAT THEY'RE READY TO BEGIN ONLINE CLASSES AND HELP WITH LONG TERM AND SHORT TERM GOAL SETTING.

WE HELP THEM NAVIGATE THROUGH CAMPUS PROCESSES AND POLICIES THAT WERE NOT DESIGNED NOR OPTIMIZED FOR THE ONLINE LEARNER.

[01:00:01]

AND WE PROVIDE PROACTIVE, ONGOING COMMUNICATION VIA A VARIETY OF METHODS.

SO TEXT, EMAIL, ZOOM CHAT, ETC.. WE KNOW THAT THERE CAN BE MANY OBSTACLES TO COMPLETION, SO WE EMPLOY A VARIETY OF TOOLS TO BUILD SUCCESS STRATEGIES AROUND EACH STAGE OF THE STUDENT LIFECYCLE.

SO THIS INCLUDES MONITORING ENROLLMENT AND COURSE LOADS, PROVIDING TUTORING AND PROVIDING ONLINE MENTAL HEALTH SERVICES, AMONG OTHER THINGS.

SO WE PARTNERED WITH A THIRD PARTY PROVIDER TO PROVIDE ONDEMAND 24 ACCESS TO PROFESSIONAL MENTAL HEALTH COUNSELORS ACROSS THE WORLD, ESSENTIALLY SO THE STUDENTS CAN CONNECT VIA CHAT OR PHONE WITH A COUNSELOR AND GET THE SUPPORT THAT THEY NEED.

AND WE KNOW RIGHT NOW THAT'S SO IMPORTANT FOR ALL OF US, INCLUDING THOSE THAT ARE ONLINE.

SO AN EXAMPLE OF THE WORK IN THIS AREA.

WE HAD A STUDENT REACH OUT TO US NOT TOO LONG AGO BECAUSE SHE'S STRUGGLING WITH SOME VERY PERSONAL ISSUES.

AND IT IS MY EXPERIENCE THAT THIS IS NOT A COMMON THING FOR A STUDENT TO REACH OUT AND SHARE SUCH PRIVATE STRUGGLES WITH WITH A STAFF MEMBER.

SO WE WERE VERY, VERY HONORED TO HELP HER WORK THROUGH HER ISSUES.

SHE WAS FEELING REALLY BEHIND AND WAS CONSIDERING DROPPING OUT.

SO THE STUDENT SHARED WITH OUR COACH WHAT WAS HAPPENING AND THE COACH WAS ABLE TO SPEND A GREAT AMOUNT OF TIME WITH HER, CONNECT HER WITH ONE OF THE ONLINE COUNSELING PROVIDERS AND HELP HER FACILITATE A CONVERSATION WITH HER FACULTY TO DEVISE A PLAN FOR COMPLETING THE SEMESTER.

I'M SO HAPPY TO REPORT THAT SHE'S ON TRACK AND SHE'S HAVING WEEKLY CHECK INS WITH THE COACH WHERE THEY HAVE SET AN ACADEMIC PLAN IN TERMS OF THE WORK THAT SHE'S DOING IN HER ONLINE COURSES, INCLUDING ASSIGNMENTS AND TESTS, EXAMS, THAT KIND OF THING.

SO EXCITING WORK.

WE KNOW THE RELATIONSHIP WITH THE STUDENT IS KEY IN THIS AREA.

AND SO WE LIKE TO CONSIDER OURSELVES TO BE A ONE STOP SHOP FOR STUDENTS.

SO IF THEY HAVE A HARDER TIME CONNECTING WITH CAMPUS SERVICES, FINANCIAL AID, FOR EXAMPLE, OR THE BURSAR BECAUSE THEY'RE WORKING, WE ABSOLUTELY ADVOCATE AND INTERCEDE WHERE WE CAN ON THEIR BEHALF.

WE ALSO KNOW THAT ACADEMIC PROGRAM DESIGN AND INSTRUCTION IS KEY TO STUDENT SUCCESS, AND I KNOW THAT AS A FACULTY MEMBER AS WELL.

SO I'LL TURN IT OVER TO DR. DRYSDALE TO TALK ABOUT PROGRAM DESIGN AND INSTRUCTIONAL DESIGN.

THANK YOU, DR. MORENO.

SO YOU MAY NOT BE FAMILIAR WITH INSTRUCTIONAL DESIGN AS A AS A PROFESSION, IT'S BEEN AROUND FOR QUITE SOME TIME AND OVER THE LAST 25 YEARS OF ONLINE LEARNING, INSTRUCTIONAL DESIGN HAS REALLY TAKEN OFF AS A PIVOTAL PART OF THE SUCCESS OF INSTITUTIONS WHO ARE MOVING AND OFFERING PROGRAMS ONLINE.

THE CORE OF OUR WORK IS PARTNERING AND COLLABORATING WITH FACULTY, BRINGING OUR UNIQUE EXPERTISE AND ONLINE LEARNING, PEDAGOGY, TECHNOLOGIES AND THE DISTINCT THINGS THAT ARE REQUIRED TO TEACH IN AN ONLINE OR DIGITAL ENVIRONMENT.

BRING THOSE ALONGSIDE THE INCREDIBLE EXPERTISE AND SKILLS THAT OUR FACULTY ALREADY HAVE.

AND WE WORK TOGETHER TO EQUIP AND ADVANCE THEM TO REALLY TO REALLY FOCUS ON THE NEEDS OF THE SPECIFIC ONLINE ENVIRONMENT.

SO OUR TEAM DOES THAT IN A FEW KEY WAYS.

FIRST, AS WE WORK THROUGH A SYSTEMATIC PROGRAM DESIGN FOR A CURRICULUM, WE LOOK AT COURSES AS AN ACADEMIC PROGRAM, NOT AS JUST A SERIES OF COURSES FOCUSED ON DIFFERENT AREAS OF CONTENT, BUT AS AN INTERCONNECTED SYSTEM OF LEARNING THAT IS MOVING STUDENTS VERY PURPOSEFULLY TOWARD THE CHANGES THEY NEED AND WANT TO SEE FOR THEMSELVES AND FOR THEIR FUTURE AND FOR THEIR CAREERS.

THAT PROCESS IS ALL OF THIS IS DONE IN COLLABORATION WITH FACULTY.

WE ALSO WORK IN ONE ON ONE COURSE DESIGN.

SO WE HAVE A PROCESS CALLED THE COLLABORATIVE MAPPING MODEL, WHERE WE WORK WITH FACULTY OVER FIVE WEEKS TO CONCEPTUALIZE THE LEARNING EXPERIENCES OF THEIR COURSE IN A VERY INTENTIONAL WAY, GEARED TOWARD THE NEEDS OF THE SPECIFIC STUDENTS AND LEARNERS THAT WE KNOW ARE TAKING ONLINE COURSES.

AND THEN WE ALSO HAVE AN EIGHT WEEK COURSE THAT WE HAVE FACULTY PARTICIPATE IN CALLED ONLINE SKILLS MASTERY OR OSM, O S M, OSM FOR SHORT.

AND THAT'S INTENDED TO EQUIP FACULTY WITH THE SKILLS THAT THEY NEED TO BE SUCCESSFUL TEACHING ONLINE AND TO FOCUS ON THE NEEDS OF THEIR STUDENTS, THINGS LIKE ONLINE TEACHING PRESENCE AND HOW TO GIVE FEEDBACK IN AN ONLINE ENVIRONMENT.

AND THAT COURSE, ACTUALLY, EARLIER THIS WEEK, WE WERE AWARDED THE EXCELLENCE IN FACULTY DEVELOPMENT FOR ONLINE TEACHING AWARD FROM THE ONLINE LEARNING CONSORTIUM, IT'S A NATIONAL ORGANIZATION THAT'S VERY BIG IN HIGHER ED.

AND WE'RE VERY HONORED ON OUR TEAM SET TO BE RECOGNIZED NATIONALLY FOR

[01:05:01]

THE QUALITY OF OUR WORK.

ALL OF THAT IS PEPPERED THROUGHOUT WITH CONSULTATIONS.

WHERE WE'RE WORKING ONE ON ONE WITH FACULTY TO HELP REALLY MEET THEIR NEEDS AND COACH THEM AS THEY GROW AND DEVELOP SKILLS AND MASTERY OVER THE ONLINE LEARNING ENVIRONMENTS.

THE NEXT SIDE OF OUR TEAM IS FOCUSED ON FACULTY TRAINING AND WE HAVE AN EXPANSIVE LIST OF OFFERINGS THAT WE THAT WE HAVE FOR FACULTY IN A VARIETY OF CONTEXTS.

SO PEDAGOGICALLY ORIENTED COURSES LIKE HOW TO TEACH ONLINE IN HALF THE TIME IN AN EIGHT WEEK COURSE, IT REQUIRES A REALLY DIFFERENT APPROACH TO TEACHING AND TO DEVELOPING AND DESIGNING AN ONLINE COURSE.

SO WE OFFER A COURSE ON THAT AND WE DO TECHNOLOGY CONSULTATIONS.

HOW DO YOU DO MEDIA REALLY WELL IN YOUR ONLINE COURSE THAT'S EFFECTIVE FOR YOUR STUDENTS.

AND OVER THIS LAST YEAR, WE'VE HAD OVER 2800 FOLKS REGISTER FOR ONE OF OUR TRAININGS AND OVER 85 COURSES DESIGNED IN CONSULTATION IN PARTNERSHIP WITH OUR FACULTY.

SO THE SCOPE THAT OUR TEAM IS ABLE TO USE AND TO EFFECT CHANGE WITH OUR FACULTY IS SUBSTANTIAL.

AND WE KNOW IT'S ONLY GOING TO CONTINUE.

THIS IS THIS IS THE CORE OF OUR WORK AND WE VERY MUCH LOVE WHAT WE DO.

THE NEXT PIECE I WANT TO SHARE A LITTLE BIT ABOUT IS EVALUATION, AND OUR COLLEAGUE, DR. JEREMY [INAUDIBLE] LEADS THE PROGRAM EVALUATION EFFORTS OF THE OFFICE OF DIGITAL EDUCATION.

AND THOSE EFFORTS REALLY HELP US GUIDE CHANGES.

SO HELPS US KNOW ARE WHAT ARE WE DOING THAT'S REALLY EFFECTIVE AND WHAT ARE WE DOING THAT WE CAN ADVANCE FURTHER? AND IT ALSO HELPS US DISCOVER IMPACT.

WHAT ARE WE DOING? WHAT INFLUENCE ARE WE HAVING OVER STUDENTS BOTH FROM THE FACULTY SIDE, THE STUDENT SUCCESS SIDE AND OTHERS? SO A COUPLE OF EXAMPLES OF THIS WORK ARE TERM TO TERM RETENTION, ASSESSING HOW OUR STUDENTS ARE RETAINED, ARE PERSISTING THROUGH THEIR EDUCATION TERM TO TERM.

LEARNING EFFECTIVENESS DONE AT THE PROGRAM LEVEL RATHER THAN THE COURSE LEVEL.

HOW ARE THOSE COURSES MOVING OUR STUDENTS TOWARD MASTERY OVER THEIR ENTIRE PROGRAM OF WORK, FACULTY CONFIDENCE AND THEIR ONLINE TEACHING SKILLS? THESE ARE ALL THINGS THAT SHAPE OUR WORK AND HELP US ENSURE THAT THE COLLABORATIONS WE HAVE WITH OUR FACULTY RESULT IN POSITIVE CHANGE AND GROWTH FOR OUR STUDENTS AND FACULTY ALIKE.

ONE OF MY FAVORITE QUOTES THAT I GOT FROM PIECES OF FEEDBACK THAT I RECEIVED FROM ONE OF OUR COLLEAGUES AT THE SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT AT CU DENVER.

WAS THAT BY PARTNERING WITH OUR TEAM, THE CONVERSATIONS IN THEIR FACULTY MEETINGS TURNED FROM TALKING ABOUT CONTENT TO TALKING ABOUT THEIR STUDENTS LEARNING.

AND THAT IS THE CORE OF WHAT WE'RE HERE FOR, THAT WE ARE HERE TO SERVE OUR STUDENTS TO HELP ENSURE THAT THEIR COURSES ARE TRANSFORMATIONAL AND MEANINGFUL AND TO ELEVATE THE INCREDIBLE EXPERTISE AND WORK THAT OUR FACULTY DO EVERY SINGLE DAY.

SCOT, I THINK I'M TURNING IT BACK OVER TO YOU NOW.

AND THANKS TEAM FOR COVERING THAT.

THANKS SO MUCH.

THANKS, JASON.

YOU CAN SEE WHY WE'RE SO PROUD OF OUR OF OUR TEAM, BECAUSE OUR PEOPLE ARE ABSOLUTELY AMAZING.

SO NEXT, WE WANT TO TURN TO OUR DISCUSSION WITH DR. GARY COLBERT AROUND OUR WORK WITH THE CU DENVER BUSINESS SCHOOL.

AND JUST AS A QUICK BACKDROP, WE BEGAN WORKING WITH THE BUSINESS SCHOOL ABOUT A YEAR AND A HALF AGO.

WELL REALLY FURTHER BACK THAN THAT, BUT I WOULD SAY IN EARNEST REALLY OVER THE PAST YEAR AND A HALF OR SO OR TO SUPPORT SOME EFFORTS THAT THEY WANTED TO MOVE FORWARD WITH THAT WERE VERY VISIONARY.

AND GARY DESERVES A TREMENDOUS AMOUNT OF CREDIT FOR THE WORK THAT THEY'VE DONE.

SO I WANT TO TURN IT OVER TO GARY AND HAVE HIM TALK A LITTLE BIT ABOUT WHAT THEIR PERSPECTIVE IS ON ONLINE AND THEIR AND THEIR PARTNERSHIP WITH US.

GARY? GARY, YOU'RE ON MUTE.

YEP.

TRYING TO BEHAVE MYSELF FOR A CHANGE, SORRY .

SO WE HAD WE HAVE A PREEXISTING EXPERIENCE AND [INAUDIBLE] THE ONLINE.

WE DO 20 PLUS PERCENT OF OUR UNDERGRADUATE OFFERING AND A THIRD OF OUR GRADUATE COURSES, COURSE SECTIONS ARE ONLINE AND WE'VE BEEN DOING THAT FOR TWO DECADES.

BUT THAT'S BEEN AS A COMPLEMENT TO OUR TRADITIONAL FACE TO FACE CAMPUS OFFER SO THAT THAT ACTUALLY WOULD, YOU KNOW, WORK WELL FOR OUR STUDENTS

[01:10:03]

BECAUSE IT ALLOWED THEM MORE FLEXIBILITY, MORE OFFERINGS THAN THEY GOT THROUGH THE TRADITIONAL CAMPUS SYSTEM.

AND ODE, I REFER TO THIS AS ODE 1.0, BECAUSE WE NOW KNOW THERE IS A NEW IMPROVED VERSION IN-PROCESS, SHALL WE SAY.

BUT ODE CAME TO US, CAME TO THE DENVER, ANSCHUTZ CAMPUSES WITH AN RFP.

THANK YOU, SCOT, FOR DATING THIS ROUGHLY, IT ALL RUNS TOGETHER TO ME.

BUT WE THIS WAS VERY TIMELY FOR US.

WE CAME TO SEE THAT THIS IS A I THINK WE ALL SENSE THIS, THAT ONLINE IS PART OF AT LEAST ONE IMPORTANT KEY TO THE FUTURE.

THIS IS THE WAY THAT THE WORLD OF EDUCATION AND HIGHER EDUCATION IS MOVING, AND THIS ALLOWS US TO POTENTIALLY INCREASE THE VOLUME THAT WE HAVE, WHICH TRANSLATES INTO OUR IMPACT.

AND IT ALSO ALLOWS US TO INCREASE OUR COMPETENCY.

WE TEND TO THINK WE'RE PRETTY GOOD AT THINGS, BUT IN FACT, THE TRUTH IS YOU CAN ALWAYS GET BETTER.

SO WE JUMPED AT THIS OPPORTUNITY.

WE WERE AGGRESSIVE.

COINCIDENTALLY, I THINK AT THE TIME SCOTT GUY WAS THE INTERIM DEAN OR SOMEWHERE OUT THERE.

AND I SAW THAT THIS WAS AN IMPORTANT THING FOR US TO TO MOVE ON.

AND WE ENDED UP PUTTING FORWARD, BY MY COUNT, SIX PROGRAMS IN THE WHAT WAS REFERRED TO AT THE TIME AS THE PIPELINE.

AND NOW, I GUESS THE PORTFOLIO.

AND I THINK THAT'S A SIGNIFICANT NUMBER RELATIVE TO OTHERS, REALLY.

AND THOSE PROGRAMS WERE THE BACHELOR'S IN BUSINESS ADMINISTRATION, THE MBA.

BOTH OF THOSE ARE THE TRADITIONAL HIGH RUNNER, HIGH VOLUME PROGRAMS. BUT WE ALSO PUT FORWARD A NUMBER OF MS PROGRAMS SUCH AS MS IN ACCOUNTING AND MARKETING AND SO ON.

AND THERE ARE REASONS FOR THAT THAT WE CAN WE CAN TALK ABOUT.

BUT WHAT QUICKLY BECAME APPARENT IS THAT THIS WAS REALLY A PARTNERSHIP OPPORTUNITY.

IT'S NOT TRANSACTIONAL BECAUSE OF THE COMPLEXITY AND THE COMPREHENSIVENESS OF THE OPPORTUNITY AND THE CHALLENGES.

YOU REALLY HAD TO HAVE A PARTNER.

AND THAT'S THE WAY WE'VE APPROACHED IT, WHERE I THINK BOTH ODE AND THE BUSINESS SCHOOL WERE LEARNING ABOUT THIS AS WE WERE GOING ALONG.

AND I VISUALLY SORT OF THINK OF THIS IN MY MIND AS THOSE TWO PERSON SACK RACES WE DID AS KIDS.

WHERE YOU KNOW YOU HAVE EACH OF YOU HAVE A LEG STUCK IN A SACK AND YOU'RE TRYING TO RUN AND JUMP AS FAST AS YOU CAN AND NOT STUMBLE OR FALL.

AND THAT'S SORT OF THE EXPERIENCE, SHALL WE SAY.

CONNECTED TO THAT IS REALLY THE IDEA OF CHANGE MANAGEMENT, BECAUSE, YOU KNOW, THAT'S THAT'S AN, I'LL LEAVE THIS TO PRESIDENT KENNEDY TO DISSECT SOME TIME.

BUT, YOU KNOW, CHANGE IN HIGHER EDUCATION IS AN INTRIGUING IDEA, GIVEN THE FACT THAT WE DO OPERATE WITH AROUND THE, AROUND INTELLECTUAL IDEAS AND THE LIKE, BUT WE DON'T OPERATE THE WAY THE CORPORATE WORLD AND OTHER PARTS OF THE WORLD OPERATE EITHER.

BUT THIS INCLUDES THE MANAGEMENT OF THE BUSINESS SCHOOL AND PROGRAMS. IMPORTANTLY, REALLY IMPORTANTLY, THE FACULTY OF THE BUSINESS SCHOOL.

AND EQUALLY IMPORTANTLY, THE STAFF, BECAUSE THERE'S SUCH A LARGE STAFF COMPONENT TO THE EXPERIENCE THAT THE STUDENTS HAVE.

AND SO WHAT YOU END UP SEEING IS REALLY A NEED TO EMBRACE, TO BUY IN TO WHAT YOU'RE DOING AND TO EMBRACE THAT CHANGE.

AND THAT'S REALLY WHERE THE IMPACT COMES.

SCOT, YOU WANT TO FLIP THE SLIDE? SO ON THE IMPACT FRONT, WE DISCOVERED THAT PROGRAMS HAD TO BE RETHOUGHT.

YOU SIMPLY CAN'T TAKE WHAT YOU'RE ALREADY DOING AND PACKAGE IT IN A DIFFERENT

[01:15:02]

PACKAGE OR A DIFFERENT DELIVERY MODEL.

AND THAT WAS AN EYE OPENING EXPERIENCE FOR US.

AND A GOOD PART OF THAT HAS TO DO WITH ESTABLISHING GOALS AND LEARNING OBJECTIVES.

AND IN THIS PARTICULAR CONTEXT OF THE ONLINE WORLD, PROBABLY THE LARGEST ISSUE BY FAR WAS COURSE REDESIGN THAT JASON REFERENCED EARLIER.

THAT'S AN ENORMOUS INVESTMENT ON FACT ON THE FACULTY SIDE AND ON THE ODE SIDE, EVEN WITH OUR MOST EXPERIENCED ONLINE FACULTY.

A THIRD IMPORTANT ELEMENT WAS ACTUALLY CHANGING THE DELIVERY MODEL WHILE.

WE DO THINGS ONLINE, WE'RE NOT USED TO DOING THINGS ONLINE IN THE OPTIMIZED WORLD THAT ODE HAS PERSUADED US OF, AND THAT'S THESE EIGHT WEEK TERMS. SO IT'S A MUCH MORE ACCELERATED PACE AND ALSO A CAROUSEL MODEL WHERE YOU HAVE WORKED OUT THAT THE TIMELINE OR CALENDAR FOR WHEN COURSES ARE OFFERED SO STUDENTS CAN EASILY JUMP IN.

THIS IS QUITE A SUBSTANTIAL DIFFERENCE FOR US, ESPECIALLY THE EIGHT WEEK TERMS. AND AGAIN, THAT CIRCLES BACK TO THE FACULTY.

BUT EVEN THE STAFF AS WELL.

ALSO, THERE WAS A NEED FOR ALIGNING THE MARKETING, RECRUITING AND ADMISSIONS STAFF AND FUNCTIONS THAT WE HAVE THIS INTERNAL CAPABILITY IN THE BUSINESS SCHOOL.

BUT NOW THAT HAS TO BE ALIGNED WITH THE EFFORTS OF ODE SO THAT WE ARE NOT IN CONFLICT, RATHER IN HARMONY AND MORE EFFECTIVE, BOTH ONLINE AND OTHERWISE.

NEXT STEPS ARE THAT WE'RE REALLY IN THE STILL IN THE RAMP UP STAGE, WE HAD AN EARLY LAUNCH OF THE MBA PROGRAM AND MS IS PROGRAM BECAUSE THEY WERE FURTHER ALONG.

AND THE OTHER FOUR PROGRAMS ARE FOLLOWING IN SUIT AS WELL.

YOU CAN SEE BY THE CHART ON THE RIGHT HAND SIDE THAT THERE ARE ENCOURAGING, ENCOURAGING MARKET RESULTS TO ILLUSTRATE THE INITIAL SUCCESS THAT WE'VE HAD.

BUT REALLY, QUITE FRANKLY, IT'S STILL VERY EARLY.

YOU KNOW, IF YOU AGGREGATE ACROSS THE SIX PROGRAMS, YOU KNOW, ROUGHLY SPEAKING, YOU'RE PROBABLY TALKING ABOUT 60 OR 70 DIFFERENT COURSES THAT NEED TO BE REDESIGNED, ENTER THE CAROUSEL, RAMPED UP ENROLLMENT AND THE LIKE.

SO IT'S A VERY CHALLENGING PROCESS.

AND IT'S ALSO IMPORTANT FOR US TO FIGURE OUT HOW THAT RELATES TO WHAT WE ALREADY DO.

FACE TO FACE AND OTHERWISE, AND HOW DOES THIS RELATE TO OUR FUTURE, OUR FUTURE OFFERINGS AND RELATIONSHIP WITH ODE AS WE MOVE TO THIS 2.0 WORLD? IF YOU FLIP SLIDE, SCOT, ONE POINT I'D LIKE TO ILLUSTRATE IS THAT, AGAIN, WE HAD FIVE GRADUATE PROGRAMS IN THE PORTFOLIO.

WE JUMPED TO THE FRONT OF THE LINE AND WHILE WE WERE THERE, WE WERE PUTTING OUR OTHER, YOU KNOW, PUTTING OUR OTHER PROGRAMS IN AS WELL, BECAUSE IT ACTUALLY MADE A LOT OF SENSE BECAUSE THE MBA PROGRAM RELIES ON A NUMBER OF SPECIALIZATIONS.

INDEED, THIS IS REALLY THE STRENGTH OF THE CU DENVER BUSINESS SCHOOL THAT WE HAVE.

OH, ROUGHLY SPEAKING, 10 PLUS MS PROGRAMS. AND THOSE ARE COMPLEMENTARY TO THE MBA PROGRAM BECAUSE THEY CAN SERVE AS SPECIALIZATIONS.

SO WE END UP WITH EFFICIENCIES BY OFFERING THESE MS PROGRAMS IN CONJUNCTION WITH THE MBA PROGRAM.

THAT'S A THAT'S ALSO AN ATTRACTIVE FEATURE IN THE MARKETPLACE BECAUSE APPLICANTS CAN LOOK AT THE OFFERINGS AND ARE MORE LIKELY TO SEE SOMETHING THAT SUITS THEIR PARTICULAR INTEREST AND NEEDS.

AND FINALLY, IT JUST SIMPLY GETS US GOING FASTER BECAUSE WE CAN WORK ON ALL THESE THINGS AT THE SAME TIME.

ONE MORE SLIDE, SCOT.

AND JUST AND JUST REAL QUICK, I JUST WANTED TO SEE ERIN GABRYSH, IS THERE ANY ADDITIONAL SORT OF THOUGHTS TO ADD ON THAT AS WELL FROM A CURRICULUM STRUCTURE

[01:20:03]

PERSPECTIVE? THANK YOU.

JUST TO SORT OF COMPLEMENT WHAT DEAN COLBERT SHARED.

YOU KNOW, FROM A CURRICULUM PERSPECTIVE, THERE'S ALSO ADDITIONAL EFFICIENCIES TOO.

MANY, MANY OF THE PROGRAMS, INCLUDING THE SPECIALIZATIONS, HAVE OVERLAPPING CURRICULUM THAT IS SHARED.

SO RATHER THAN HAVING TO HAVE SORT OF SEPARATE AND DISTINCT COURSES, YOU KNOW, ADDING STANDING UP AN ADDITIONAL PROGRAM, YOU MAY ONLY HAVE TO ADD A HANDFUL OF COURSES TO THAT OFFERING.

AT LEAST FOUR COURSES AND SOMETIMES MANY MORE COURSES WITHIN EACH PROGRAM AND SPECIALIZATIONS ARE SHARED.

SO WHAT THAT PROVIDES YOU ARE EFFICIENCIES BOTH OPERATIONALLY AND FINANCIALLY TO THIS PORTFOLIO APPROACH.

AND IT IS VERY ADVANTAGEOUS TO THE STUDENTS AND FOR THE UNIVERSITY TO HAVE THESE OPTIONS.

WELL, I HAVE ONE MORE POINT ABOUT THAT IS THAT IS THAT IT ALSO DEEPENS AND BROADENS THE COMPETENCY OF THE FACULTY BECAUSE WE NOW HAVE A BROADER ARRAY OF FACULTY TEACHING ONLINE ACROSS THESE PROGRAMS. SCOT? THIS IS THE PERSONAL TESTIMONY OF A COUPLE OF FACULTY THAT GIVE YOU EXAMPLES OF WHAT THIS EXPERIENCE IS LIKE.

I WANT TO HIGHLIGHT THE FIRST PERSON, EMILY VERA.

EMILY IS A ALREADY WAS A VERY SUCCESSFUL INSTRUCTOR IN OUR ONLINE SPACE.

SHE WAS AN ALUM OF THE GRADUATE ACCOUNTING PROGRAM AND A CPA WITH ONE OF THE BIG FOUR FIRMS BEFORE ALL OF THIS.

BUT AGAIN, A GREAT ONLINE INSTRUCTOR.

AND SHE HAS BEEN THRILLED WITH THIS EXPERIENCE.

OF COURSE, PART OF IT IS SHE HAS DRANK THE KOOL-AID BECAUSE WE RECRUITED HER TO BE THE DIRECTOR OF OUR ONLINE EFFORTS.

AND ESSENTIALLY, SHE IS THE SHE IS THE PROJECT MANAGER, SO TO SPEAK, IN THIS IN THIS COMPREHENSIVE, COMPLEX RELATIONSHIP WE HAVE WITH ODE.

AND THEN FINALLY, THE LAST PROFESSOR, DR. LIANG, IS ILLUSTRATE THAT YOU CAN ACTUALLY CHANGE WHAT FACULTY DO, INCLUDING IN THEIR EXISTING COURSES.

THAT IS, THIS ACTUALLY DOES MAKE US BETTER IN WAYS THAT ARE INDIRECT OR NOT AS OBVIOUS AS, OH, YES, WE NOW HAVE AN ONLINE PROGRAM.

THANK YOU SO MUCH, GARY, AND JUST AGAIN, A HUGE THANKS TO YOU OVERALL FOR YOUR PARTNERSHIP AND LEADERSHIP IN THIS FRONT.

IT'S BEEN A REAL PLEASURE FOR US TO WORK WITH YOU.

AND THE WORK THAT YOU DID TO SUPPORT THE BUSINESS SCHOOL AND THEIR EFFORTS ON THIS FRONT IS JUST COMMENDABLE AND JUST REALLY APPRECIATED BY US AS WELL.

SO THANK YOU AGAIN.

AS WE LOOK AT WHAT'S AHEAD FOR CU ONLINE, AS WE WRAP UP HERE, WE HAVE A LOT A LOT GOING ON AND WE'RE VERY EXCITED ABOUT ALL THE ACTIVITIES THAT ARE HAPPENING TODAY.

AS I TALKED ABOUT THE PARTNERSHIP EFFORT THAT WE HAVE GOING ON ACROSS ALL FOUR CAMPUSES RIGHT NOW.

SO WE'RE IN THAT PROCESS THAT'S GOING TO GO OVER THE NEXT FEW MONTHS TO ESTABLISH THAT STRUCTURE GOING FORWARD.

WE'RE BRINGING ALL OF OUR REALLY THE BEST OF OUR ONLINE PROGRAMS UNDER THE CU ONLINE BANNER SO THAT WE CAN MAKE IT EASY FOR PROSPECTIVE STUDENTS TO FIND US TO FIND OUR AMAZING PROGRAMS AND LEARN MORE ABOUT OUR INCREDIBLE FACULTY AND BE ABLE TO ADVANCE THEIR EDUCATION AND IMPROVE THEIR LIVES.

WE'RE ALSO LOOKING AT THE ODE SIDE OF THINGS AND DOING EVERYTHING POSSIBLE TO ADVANCE OUR CAPABILITIES.

HOW CAN WE BE MORE EFFICIENT, LEVERAGE TECHNOLOGY BETTER, CREATE BETTER PARTNERSHIPS AND RELATIONSHIPS WITH STUDENTS AS WELL AS OUR PARTNER PROGRAMS. AND WE'RE REALLY EXCITED ABOUT THAT WORK THAT'S GOING TO REALLY KICK OFF FORMERLY WITH THE FALL TWENTY ONE SET OF PROGRAMS AND BUILD FROM THERE SO MUCH MORE TO COME ON THAT FRONT.

ALL PAUSE THERE AND SEE IF THERE ARE ANY.

I KNOW WE'RE REALLY PRETTY MUCH AT OUR TIME, BUT I'D CERTAINLY LIKE TO OPEN IT UP FOR ANY QUESTIONS THAT YOU ALL WOULD LIKE TO SPEND TIME TALKING THROUGH.

OH, HI ALL, THIS IS THIS IS JACK KROLL, AND FOR THOSE OF YOU WHO ARE INTERESTED IN

[01:25:02]

HEARING ANY SORDID TALES FROM MY PAST, SAM MORENO, WHO'S ON THE CALL, DR.

MORENO WAS THE ADVISER TO STUDENT GOVERNMENT MANY YEARS AGO WHEN I HAPPENED TO TRAIPSE THROUGH THOSE HALLS.

SO GOOD TO SEE YOU AGAIN.

I APPRECIATE THIS PRESENTATION AND A LOT OF THE ANECDOTAL INFORMATION WE'VE HAD HERE.

YOU KNOW, I WOULD I WOULD HOPE, YOU KNOW, THE NEXT TIME WE HEAR FROM ODE AND OTHERS THAT WE'LL HAVE SOME GOOD DATA TO BE SHARED OUT AROUND HOW OUR ENROLLMENTS ARE DOING AROUND THE NUMBER OF PROGRAMS THAT ARE PARTICIPATING.

I KNOW THAT YOU'RE JUST GETTING OFF THE GROUND NOW, BUT I HOPE YOU KNOW, SCOT, FROM YOUR PERSPECTIVE, THE NEXT TIME WE HEAR FROM YOU, WE CAN WE CAN REALLY DIVE INTO SOME GOOD DATA.

I KNOW THAT THE REGENTS HAVE SOME METRICS ON THIS AND PERHAPS TODD IN HIS SHOP CAN HELP SPEAK TO SOME OF THAT DATA THE NEXT TIME WE HEAR FROM YOU.

BUT THANKS FOR THE PRESENTATION TODAY.

ABSOLUTELY.

THANK YOU, REGENT KROLL.

AND WE'RE VERY EXCITED ABOUT THAT.

I THINK THAT'S ONE OF THE ASPECTS OF THIS THAT'S REALLY IMPORTANT, IS BUILDING THAT INFRASTRUCTURE THAT THE TECHNOLOGY INFRASTRUCTURE AND THE DATA INFRASTRUCTURE SO THAT WE CAN REALLY UNDERSTAND WHAT THINGS ARE LEADING TO STUDENT SUCCESS, WHAT KIND OF PRACTICES THAT WE CAN TRY TO PROMOTE ACROSS THE PROGRAMS AND CAMPUSES, WHAT KINDS OF SUPPORTS THA WE CAN PROVIDE THAT ARE MOST IMPACTFUL TO STUDENT SUCCESS AND FACULTY SUCCESS.

SO THOSE ARE ALL THINGS THAT ARE REALLY, REALLY IMPORTANT.

AND HAVING THE RIGHT KINDS OF DATA, THE TECHNOLOGY, INFRASTRUCTURE AND DATA TO SUPPORT THAT IS REALLY CRITICAL.

SO THAT'S ONE OF THE KEY THINGS THAT WE'RE DOING RIGHT NOW.

AND SO YOU'RE DEFINITELY GOING TO SEE UPDATES ON LOTS OF FRONTS THERE.

AND WE LOOK FORWARD TO SHARING MORE WITH YOU AND ALSO GETTING YOUR FEEDBACK AND YOUR QUESTIONS ALONG THE WAY.

SO THANKS SO MUCH FOR YOUR SUPPORT.

I HAVE HAVE A COMMENT.

2017 IS WHEN WE PASSED OUR REFERENDUM FOR 30 MILLION DOLLARS.

WE'VE BEEN WORKING ON THIS SINCE ABOUT 2015.

CHANCELLORS WERE GOING TO TAKE IT ON AND DO SOME OTHER THINGS.

I GUESS THAT THE MARKET IS THERE.

AND HOW MUCH OF A MARKET WE HAVE NOW, 7000 STUDENTS.

AND TO SEE THAT IT'S UNLIMITED.

YOU KNOW, THIS MAY BE A LITTLE UNFAIR, SCOT, BUT I'M TIRED OF BEING UNDER DESIGN HERE.

I MEAN, IT FEELS TO ME LIKE WE'RE ALWAYS CREATING AND MOVING IT FORWARD.

AND ONE MORE STEP.

AND I GUESS I WANT TO KNOW, I THINK PRESIDENT KENNEDY YOU'VE DONE A LOT IN BRINGING THIS BACK, BUT I WANT TO KNOW WHAT KIND OF MARKET WE'RE GOING TO HAVE BY WHENEVER WHAT COURSES ARE GOING TO BE TAUGHT.

I DON'T WANT TO HEAR ALL THE DETAILS ANYMORE.

I JUST FEEL LIKE I'M GETTING REALLY OLD JUST WAITING FOR THIS TO HAPPEN HERE.

SO THAT'S WHERE I'M AT.

MAYBE THAT'S UNFAIR.

APPRECIATE ALL THE INFORMATION.

IT SOUNDS ALL POSITIVE.

I JUST WANT A BOTTOM LINE HERE.

YEP, ABSOLUTELY, REGENT GALLEGOS, AND THANK YOU FOR THAT, AND I KNOW YOU'VE BEEN A GREAT SUPPORTER OF THIS EFFORT FOR QUITE SOME TIME, AS LONG AS I'VE BEEN AT THE UNIVERSITY OVER THE LAST THREE YEARS OR SO.

AND I APPRECIATE THAT.

AND I APPRECIATE AND AS I'VE ALWAYS THANKS TO YOU, I APPRECIATE THE PUSH BECAUSE I SHARE THAT LEVEL OF URGENCY THAT YOU HAVE AROUND THIS AND SO DOES THE REST OF OUR TEAM.

AND SO WHILE IN THE ONLINE SPACE AND I'VE BEEN IN THIS SPACE FOR 16 PLUS YEARS NOW, THERE'S A LOT OF EFFORT THAT GOES INTO THE THAT BUILDING, THAT FOUNDATION AND GETTING THE GETTING THE FLYWHEEL TURNING.

AND I REALIZE AND I'VE SEEN IT MANY, MANY TIMES ACROSS OTHER INSTITUTIONS, YOU DON'T QUITE SEE THE ALL THE RESULTS OUT OF THE GATE IN THE FIRST SIX MONTHS OF THE FIRST YEAR.

AND YOU AND SO I UNDERSTAND THAT PERSPECTIVE.

AND SO I THINK THAT HOLDING US ACCOUNTABLE FOR COMING BACK TO YOU WITH UPDATES ON A REGULAR BASIS IS SOMETHING THAT WE WOULD WELCOME SO THAT YOU FEEL LIKE YOU CAN SEE THAT KIND OF PROGRESS.

THE WORK THAT WE'RE DOING AND THE LEADERSHIP FROM PRESIDENT KENNEDY AND THE CHANCELLORS HAS BEEN EXCEPTIONAL ON THIS FRONT TO ALIGN OUR EFFORTS AND OUR WORK.

SO I THINK I FEEL REALLY GOOD ABOUT WHAT YOU'RE GOING TO SEE FROM US AND VERY HAPPY TO CONTINUE TO PROVIDE UPDATES TO YOU SO THAT YOU FEEL FULLY INFORMED ON THAT.

LET ME JUST SAY, CHAIRMAN, I'M HAPPY, I'M HAPPY THAT I'M NOT THE ONLY PERSON THAT'S IMPATIENT BECAUSE THE TEAM WILL TELL YOU THAT I AM PUSHING HARD.

BUT REGENT KROLL TO YOUR QUESTION.

AS YOU SAW WITH THE MBA IN EARLY DAYS, YOU SAW IT INCREASED BY ONE HUNDRED AND SIXTY FIVE PERCENT, MEANING IT'S TWO AND A HALF TIMES MORE STUDENT THAN IT WAS RELATIVELY SHORT WHILE AGO.

AND THAT IS AS DEAN COLBERT SAID THAT EARLY DAYS.

YOU ALSO SAW THAT THEY HAVE GREATER RETENTION EVEN WITHIN THAT.

AND IT WAS UNCLEAR IN THAT ONE CHART WHERE THEY'RE SHARING COURSES.

[01:30:01]

WHEN YOU SHARE COURSES ACROSS MULTIPLE DEGREES, THERE IS A BENEFIT TO THAT THAT CAN HELP DELIVER NET REVENUE FOR OTHER USES THAT IS HIGHLY BENEFICIAL TO EVERY DEPARTMENT.

IN TERMS OF REPORTING ON IT.

THIS IS WHERE THE IP COMES INTO PLAY, WHERE OUR FRIENDS AT ODE ARE HAVING TO GET INPUTS FROM SEVEN DIFFERENT SYSTEMS THAT THEY HAVE TO CALCULATE AND GIVE YOU THE REPORTS.

AND WE'RE TRYING TO SOLVE WITH OUR TRANSPORT, WHICH ARE OUR TIP PROGRAM, AND THEY WILL BE ONE OF THE EARLY ADAPTERS ON THE CRM THAT WILL ALLOW THEM TO GIVE MORE MEANINGFUL INPUT.

BUT I WOULD JUST GO BACK TO OUR EXECUTIVE SESSION WHERE I SAID WE HAVE 1500 MORE EXCLUSIVELY ONLINE STUDENTS THIS FALL THAN WE HAD LAST FALL, REFLECTING THE BEGINNING OF THIS FLYWHEEL BEGINNING TO TURN.

SO I'M IMPATIENT TOO, THERE'S WORK BEING DONE.

THERE'S A LOT MORE WORK BEING DONE, AND WE APPRECIATE THE ENCOURAGEMENT TO MOVE FORWARD DELIBERATELY.

ABSOLUTELY.

ANY OTHER QUESTIONS FOR THE FOR OUR TEAM TODAY? WELL, THANK YOU ALL SO MUCH, WE REALLY APPRECIATE THE OPPORTUNITY TO SPEND SOME TIME WITH YOU AND PROVIDE THESE UPDATES AND LOOK FORWARD TO SEEING YOU ALL AGAIN SOON.

WE'RE GOING TO MOVE ON WITH THE GOVERNANCE LEADERS REPORT, AND THIS IS OUR

[G. 2:15 p.m. GOVERNANCE LEADERS REPORTS]

VERSION OF SHARED GOVERNANCE, THE THREE REPORTS IN THE THREE PEOPLE THAT REPRESENT SO MANY STUDENTS AND STAFF AND FACULTY ARE PRETTY IMPORTANT TO WHAT WE DO AT THE UNIVERSITY OF COLORADO.

SO WE'RE GOING TO START OUT WITH PROFESSOR ADDISON WITH YOUR REPORT.

AND IF I JUST CAN QUICKLY COMMENT ON ODE, BECAUSE I'VE HAD THE OPPORTUNITY TO WORK WITH MANY OF THE FOLKS WHO ARE HERE PRESENTING TODAY, AND I JUST WANTED TO SAY THAT THEY'RE REALLY A HIGH QUALITY GROUP.

AND TO POINT OUT THAT BECAUSE OUR ONLINE PROGRAMS REMAIN EMBEDDED IN ACADEMIC DEPARTMENTS, EVERY TIME THEY TRAIN PEOPLE IN ONLINE COURSE WORK, THAT SPREADS TO THE OTHER EDUCATIONAL ENDEAVORS THAT THOSE DEPARTMENTS ARE INVOLVED IN.

AND SO THAT'S A VERY HARD, POSITIVE IMPACT TO MEASURE, I THINK.

BUT I DO WANT TO POINT OUT THAT EVERY TIME THEY IMPROVE THEIR ONLINE CLASSES, THEY'RE IMPROVING OUR ON CAMPUS CLASSES, TOO, BECAUSE WE'RE SHARING AT LMS AND ALL THAT SORT OF THING.

SO THAT'S AN IMPORTANT THING.

SO I WANT TO THANK THEM FOR THAT, THE WAY THAT SPREADS ACROSS OUR COURSES.

I WANT TO WELCOME OUR NEW REGENTS.

WE LOOK FORWARD TO WORKING WITH YOU AS FACULTY COUNCIL.

AND I REALLY WANT TO THANK REGENTS GRIEGO, SHOEMAKER AND CARSON FOR YOUR ENGAGEMENT WITH FACULTY COUNCIL OVER THE YEARS.

I CAN HONESTLY SAY YOU HAVE ALL ALWAYS ANSWERED MY EMAILS, AND I APPRECIATE THAT YOU HAVE ALWAYS BEEN WILLING TO ENGAGE WITH US.

AND SO THANK YOU FOR THAT.

I WISH WE WERE ABLE TO THANK YOU IN PERSON.

SO FIRST, WE HAVE A LOT OF THINGS GOING ON, I'LL JUST MENTION A FEW THINGS HERE WITH MY TIME.

AS YOU KNOW, FACULTY, COUNCIL AND STAFF COUNCILS ETHNIC DIVERSITY COMMITTEE, WHICH IS A NEW COMMITTEE FOR STAFF COUNCIL, ENDORSED REGENTS GRIEGO'S PREVIOUS RESOLUTION ABOUT A LAND ACKNOWLEDGMENT.

AND SO WE WERE VERY GLAD TO SEE THE LAND ACKNOWLEDGMENT HAD BEEN DEVELOPED, ALTHOUGH WE'VE ALSO HEARD FROM INDIGENOUS LEADERS ACROSS OUR CAMPUSES THAT THEY HAVE SOME CONCERNS ABOUT THE LAND ACKNOWLEDGMENT IN ITS CURRENT FORM.

AND SO WE HOPE MEANINGFUL ENGAGEMENT WILL CONTINUE SO THAT ADMISSIONS IN THE CURRENT STATEMENT, WHICH OUR COLLEAGUES ARE CONSIDERING CRITICAL OMISSIONS, THAT THOSE OMISSIONS ARE ADDRESSED.

AT OUR LAST FACULTY COUNCIL MEETING, WE RECEIVED AN UPDATE ON THE PAY EQUITY PROJECT, WHICH IS, OF COURSE, SOMETHING THAT WE FACULTY COUNCIL HAVE BEEN WORKING ON BEFORE THIS BECAME A STATE LAW.

IT HAS BEEN SOMETHING OF A GREAT INTEREST TO US FOR QUITE SOME TIME.

AND SO WE WERE GLAD TO RECEIVE THAT UPDATE.

AND AND I WANTED TO LET YOU KNOW THAT ONE OF THE THINGS THAT WE ARE STARTING TO LOOK AT, WHICH WE THINK IS REALLY IMPORTANT, IS THE RESEARCH THAT'S COMING OUT THAT'S TALKING ABOUT THE WAYS IN WHICH THE PANDEMIC IS HAVING A DISPROPORTIONATELY NEGATIVE EFFECT ON FEMALE FACULTY.

AND THIS IS ACROSS THE COUNTRY.

AND SO WE'RE VERY INTERESTED IN THAT.

AND WE ARE GOING TO START LOOKING INTO WAYS THAT CU MIGHT MITIGATE THIS EFFECT.

AS WOMEN CONTINUE IN THEIR CAREERS HERE, IT BECOMES DIFFICULT TO SEE HOW WE MIGHT MITIGATE THAT EFFECT RIGHT NOW IN THE MOMENT.

BUT THIS IS SOMETHING THAT WILL AFFECT WOMEN FOR MANY YEARS DOWN THE ROAD IN THEIR CAREERS HERE.

AND SO THAT'S SOMETHING THAT WE ARE GOING TO BEGIN WORKING ON.

THE LAST THING I'LL MENTION IS THE RESOLUTION THAT YOU'LL SEE IN BOARD DOCS.

[01:35:01]

NOW, THIS IS A JOINT RESOLUTION BETWEEN FACULTY COUNCIL AND STAFF COUNCIL.

WE I BELIEVE THIS IS THE FIRST EVER JOINT RESOLUTION BETWEEN THESE TWO SHARED GOVERNANCE GROUPS.

AND THAT IS BECAUSE IT'S SOMETHING OF SUCH IMPORTANCE AND SOMETHING THAT WE SHARE EQUALLY.

THE EFFECTS OF THIS WE WOULD SHARE EQUALLY.

I WOULD NOTE THAT A TUITION DISCOUNT WOULD DO FURTHER AND SERIOUS DAMAGE TO FACULTY AND STAFF.

I APPRECIATE REGENTS SHARKEY'S, HER COMMENTS EARLIER IN THE MEETING AND THE RESEARCH THAT SHE DID AND THE INFORMATION THAT SHE PRESENTED US SO THAT WE CAN UNDERSTAND THIS ISSUE BETTER.

I WON'T READ THE ENTIRE RESOLUTION TO YOU BECAUSE IT'S RATHER LONG, BUT I'LL SIMPLY SAY THAT WE ARE OPPOSED TO THE TUITION DISCOUNT, NOT BECAUSE WE'RE OPPOSED TO LOWER TUITION FOR STUDENTS.

WE CERTAINLY WOULD LIKE TO SEE EDUCATION BE MORE ACCESSIBLE AND AFFORDABLE, BUT BECAUSE WE BELIEVE THAT THE IMPACTS AS WE UNDERSTAND THEM, WOULD BE REALLY DEVASTATING TO FACULTY AND STAFF.

AND WE'VE ALREADY TAKEN CUTS AND ARE WORKING MORE THAN EVER BEFORE.

SO IF ANYONE HAS ANY QUESTIONS ABOUT THAT, I WOULD BE GLAD TO TAKE THEM EITHER NOW OR YOU FEEL FREE, OF COURSE, TO EMAIL ME.

AND RYAN MAY HAVE SOMETHING TO SAY ABOUT THE JOINT RESOLUTION AS WELL.

THAT'S IT.

RYAN? THANK YOU, CHAIR GALLEGOS, AND THANK YOU, REGENTS AND PRESIDENT KENNEDY, CHANCELLORS AND THANKS, JOANNE, AS WELL FOR MENTIONING THE RESOLUTION.

I DON'T HAVE ANYTHING TO ADD TO THE RESOLUTION OTHER THAN FEEL FREE TO REACH OUT TO JOANNE AND MYSELF.

IF YOU HAVE QUESTIONS ON THAT, WE'RE HAPPY TO TALK THROUGH THAT.

REGARDING THE STAFF REPORT, I'LL TRY TO COVER SOME OF THE HIGH THE HIGH LEVEL ITEMS THAT WE'VE DEALT WITH OVER THE PAST FEW MONTHS, SO WE'VE CONTINUED THE 2020 TO 2021 CYCLE OF STAFF COUNCIL WITH A FRENZY OF WORK.

SO I'LL PROVIDE JUST A BRIEF UPDATE ON SOME OF THE THINGS THAT ARE OF MOST IMPORTANCE.

I THINK THE FIRST OF THAT WOULD BE STAFF MORALE ACROSS THE SYSTEM.

SO AT OUR OCTOBER MEETING OF THE UCSC, WE HELD A ROUNDTABLE TO COLLECT INFORMATION ON HOW STAFF WERE DOING AT THIS TIME, YOU KNOW, IT'S SOMEWHAT DIFFICULT FOR US TO COLLECT INFORMATION REGARDING STAFF ATTITUDES OUTSIDE OF ANECDOTAL, HOW ARE THE PEOPLE YOU WORK WITH DOING? AND SO WE FEEL LIKE FROM THOSE DISCUSSIONS OF HOW STAFF ARE FEELING ACROSS THE SYSTEM, THAT THEY'RE STRUGGLING AT BEST.

STAFF HAVE, AS MANY OF YOU HAVE SAID TODAY AND ACKNOWLEDGE THAT MUCH LIKE FACULTY, MUCH LIKE OUR ADMINISTRATORS, HAVE PIVOTED THEIR WORK, THEIR MODE OF WORK QUICKLY TO AN ONLINE FORMAT, MANY OF WHOM RECEIVED REDUCTIONS IN PAY, OFTEN AT REDUCED, REDUCED STAFF SUPPORT, MEANING FEWER COLLEAGUES TO HANDLE THE SAME AMOUNT OF WORKLOAD DUE TO LAYOFFS AND FTE REDUCTIONS.

AND FURTHER, THEY'VE SEEN AN INCREASE IN RESPONSIBILITIES TO PICK UP TO THE POSITIONS THAT ARE NOT BEING BACK FILLED.

MANY STAFF FIND THEMSELVES DEALING WITH A NEW, AND I'LL QUOTE, EFFECTIVE LABOR, WHICH IS ALL OF THE NEW EMOTIONAL SUPPORT THAT BECAME PART OF THEIR JOBS, WHETHER IT'S FOR THEIR COLLEAGUES OR STUDENTS OR THEIR FAMILIES, ALL OF THAT SORT OF TYPE OF WORK.

THAT BECAME SOMETHING THAT WAS REQUIRED OF THEM ALMOST IMMEDIATELY AFTER COVID.

AS WAS DESCRIBED IN AN ARTICLE IN THE CHRONICLE OF HIGHER EDUCATION THAT WAS DATED ON NOVEMBER 2, 2020 TITLED THE STAFF ARE NOT OK.

STAFF ARE OFTEN, QUOTE, HAVING TO MANAGE THEIR OWN EMOTIONS IN THE FACE OF STRESSED, UPSET, ANGRY, FRUSTRATED COLLEAGUES, STUDENTS, PARENTS AND ADMINISTRATORS.

IN SHORT, WE WANTED TO COMMUNICATE THAT STAFF ARE IN LARGE PART STRUGGLING.

AND THIS IS A TIME WHERE STAFF MORALE HAS TAKEN SORT OF A HIT AS WE ARE ABOUT TO ENTER OUR NINTH MONTH OF THE PANDEMIC, MUCH LIKE EVERYONE ELSE.

WE HAD THE PLEASURE OF TALKING WITH HER ABOUT WHERE STAFF FEEL DEI ISSUES ARE TODAY, WHERE THEY NEED TO GO TO ADDRESS SOME OF THE UNIQUE NEEDS OF DEI RELATED TO THE STAFF AND WHAT THE FUTURE OF DEI SHOULD LOOK LIKE AT CU.

WE HAVE OUR, AS I MENTIONED AT THE LAST MEETING, OUR NEW DIVERSITY, EQUITY, INCLUSION AND BELONGING COMMITTEE, WHICH WILL, ONCE THEY FORMULATED THEIR GOALS FOR THE REST OF THE YEAR, WILL CONTINUE TO BE IN DIALOG WITH CDO COOK.

SO WE'RE EXCITED TO CONTINUE THAT PARTNERSHIP.

WE DID NOTICE THERE'S SOME UPDATES THAT WERE PROPOSED TUITION BENEFIT THAT'S PUT THE TUITION BENEFIT BACK ON OUR RADAR.

WE'RE AWARE THAT LARGELY THE PROPOSALS TO THE CHILD POLICY ARE NON-FINANCIAL IN

[01:40:03]

NATURE.

IT'S MOSTLY DEALING WITH THE CHANGES IN THE PILOT PROGRAM FOR DEPENDENTS.

BUT WE ARE GOING TO TAKE THE OPPORTUNITY TO ONCE AGAIN PUT SOME OF THE THINGS THAT WE FEEL ARE IMPORTANT CHANGES TO THE TAB POLICY BACK ON THE TABLE, REALIZING THAT WITH THE FINANCIAL COMPONENT ATTACHED TO THAT, IT MIGHT NOT BE FEASIBLE AT THIS TIME.

BUDGET CUTS AND GO AHEAD.

QUESTION ABOUT THE TUITION BENEFITS.

I'LL TAKE ONE OF THE ISSUES WE WERE LOOKING AT WAS THE ABILITY FOR STAFF WHO ARE MAKING PROGRESS TOWARDS A DEGREE, BUT THEN THEY KIND OF GET STUCK BECAUSE THEY CAN'T GET INTO CERTAIN COURSES.

IS THAT SOMETHING THAT YOU'RE CONTINUING TO LOOK AT? YEAH, AND THAT'S ACTUALLY THE PRIMARY CONCERN OF THE STAFF.

I DON'T KNOW IF YOU'LL RECALL, BACK WHEN WE WERE TALKING ABOUT THIS A LONG TIME AGO, WHEN WE USED TO MEET IN PERSON, WE HAD BROUGHT UP THAT THAT WAS SOMETHING WE WERE HAVING CONVERSATIONS WITH CFOS AND ADMINISTRATORS FOR.

WE REALIZED THERE'S A COST ASSOCIATED WITH THAT.

WE'RE NOT INSENSITIVE TO THAT.

SO WE WERE TABLING THAT DISCUSSION BECAUSE OF THE SITUATION AROUND COVID, THE BUDGET SITUATION, ALL OF THAT.

BUT GIVEN THAT THIS HAS SURFACED, WE WANTED TO AT LEAST MAKE IT KNOWN WE'RE STILL INTERESTED IN THIS AND THAT THAT INTEREST IN STAFF HAS NOT DISSIPATED.

WELL, I THINK THAT THERE IS AMPLE GROUND FOR OPPORTUNITY WHEN BOTH SIDES HAVE SOMETHING THAT THE OTHER ONE, ONCE WE HAVE CREDIT HOURS TO OFFER AS AN INSTITUTION AND THE STAFF POTENTIALLY HAVE SOME RESOURCES TO BRING TO BEAR.

MAYBE THERE'S A DISCOUNT THAT CAN BE PROVIDED IN SITUATIONS LIKE THAT.

THAT ISN'T THE ENTIRE, YOU KNOW, STAFF FACULTY DISCOUNT THAT MAYBE YOU COULD GET FOR SOME OTHER COURSES AND WE CAN FIND SOME COMMON GROUND.

SO I'M HOPEFUL THAT THAT WILL CONTINUE TO BE LOOKED AT BY VICE PRESIDENT, NESBITT, AND THE OTHER CAMPUS OFFICERS TO SEE HOW WE CAN WE CAN MAKE THAT WORK.

AND WE LOOK WE WOULD LOOK FORWARD TO THOSE PARTNERSHIPS AS WELL, AND WE'LL BEGIN OPENING THAT DIALOG AND THEN IN THE NEAR FUTURE.

THANKS FOR THAT.

A FEW BRIEF ITEMS LEFT.

BUDGET CUTS, FISCAL APPREHENSION, AS YOU ALL ARE AWARE, THE BUDGET CUTS ARE ANOTHER PRESSURE POINT ON STAFF, AS I MENTIONED IN THE BEGINNING, PART RELATED TO MORALE.

TO SOME THIS PIECE UP, ONE THING THAT HELPS SORT OF MITIGATE SOME OF THE HITS TO MORALE OR WHEN STAFF GOVERNANCE ARE INVOLVED, AT LEAST IN UNDERSTANDING WHAT'S HAPPENING WITH THE BUDGET SO THAT THERE'S TRANSPARENCY THERE, WHERE TRANSPARENCY HAS HAPPENED AND WHERE THE STAFF HAVE BEEN INVOLVED.

THERE'S COMMUNICATED LEVELS OF CONFIDENCE AND REASSURANCE FROM THE STAFF.

SO WE WOULD ENCOURAGE THAT TO CONTINUE WHERE IT IS AND THEN TO HAPPEN WHERE IT'S NOT.

WE'LL ALSO BE MEETING WITH THE CHRO SYSTEM TO TALK ABOUT THE EQUAL PAY FOR EQUAL WORK ACT, HERE NEXT WEEK, I BELIEVE.

AND THEN FINALLY, UCSC IS REALLY EXCITED TO WELCOME AND BEGIN WORKING WITH THE NEW ADDITIONS TO THE BOARD.

ILANA SPIEGEL FROM CD SIX, NOLBERT CHAVEZ FROM CD SEVEN, CALLIE RENNISON FROM CD TWO.

AND WE ALSO THANK OUR OUTGOING REGENTS FOR THE YEARS OF SUPPORT TO OUR STAFF.

THE CLOSING REMARKS, YOU KNOW STAFF CONTINUE TO BE GRATEFUL FOR THE HARD WORK OF OUR ADMINISTRATORS IN KEEPING US MOVING FORWARD, WE ENTER OUR NINTH MONTH OF WORKING FROM HOME ISOLATION CREATED BY COVID AND ALL OF THE THINGS THAT COME ALONG WITH THAT.

WE ENCOURAGE ADMINISTRATION TO CONTINUE TO MAKE EFFORTS TO IDENTIFY SPECIFIC CHALLENGES EXPERIENCED BY STAFF AND BEGIN ADDRESSING THOSE.

NEW CHALLENGES PRESENT THEMSELVES EVERY DAY.

AND IT'S NOT LIKE THE CHALLENGES THAT ARE HERE TODAY ARE THE SAME CHALLENGES THAT WERE HERE SIX MONTHS AGO.

SO WE ENCOURAGE THE ADMINISTRATION TO TAKE AN ONGOING APPROACH TO LOOKING AT THOSE CHALLENGES.

AND WITH THAT, I'M HAPPY TO TAKE QUESTIONS ON ISSUES PERTAINING TO THE STAFF.

QUESTIONS FOR EITHER PROFESSOR ADDISON OR RYAN.

ACTUALLY, WHAT I'M TRYING TO DO IS BUY A MINUTE OR TWO, BECAUSE ISAIAH TOLD US HE WOULD BE ON LINE, HE HAD TO WORK AND HE WAS GOING TO BE HE'D BE READY TO SPEAK AT 2:15.

I DON'T SEE HIM YET.

SO THAT'S WHAT I'M DOING.

I'M STALLING FOR A MINUTE HERE.

THIS IS, LINDA.

I WAS JUST REALLY MOVED BY BOTH RYAN AND JOANNE'S PRESENTATIONS TODAY AND TALKING ABOUT THE REALITIES OF ALL OUR EMPLOYEES WORKING ONLINE FOR THE NINTH MONTH AND NOT HAVING ALL OF THE SUPPORT SYSTEMS IN PLACE THAT THEY USUALLY DO.

THE DIFFICULTIES THAT THEY HAVE AT HOME, THE EMOTIONAL TRAUMA ASSOCIATED WITH THIS PANDEMIC, AND THE FACT THAT THEY HAVE TO BE WORKING HARDER AND HARDER AND ARE

[01:45:08]

MAKING LESS MONEY AND HAVE FEWER RESOURCES.

SO I JUST WANT TO SAY THANK YOU FOR BEING HONEST WITH US AND HELPING US UNDERSTAND THAT IT KIND OF A GUT LEVEL THAT WE MIGHT NOT OTHERWISE UNDERSTAND.

SO THANK YOU AND THANK YOU TO ALL OUR EMPLOYEES FOR EVERYTHING THEY DO FOR US EVERY DAY.

WELL, THANKS, EVERYONE.

IF IF ISAIAH COMES IN LATER, WE'LL GIVE HIM HIS COUPLE OF MINUTES, DEPENDING ON WHERE WE ARE ON THE AGENDA, BUT WE DO NEED TO MOVE ON.

WE'RE GOING TO MOVE ON TO OUR BOARD OF REGENTS DISCUSSION AND ACTION ITEM.

[H. 2:30 p.m. BOARD OF REGENTS DISCUSSION AND ACTION ITEMS PART 1]

THE NEXT ACTION ITEM IS ON COVID-19 RELIEF, TUITION REDUCTIONS FOR SPRING 2021 AND WAVIER OF STUDENT FEES.

FIRST, WE WILL TAKE A MOTION, THEN HAVE DISCUSSION.

AND HEIDI, I WOULD TURN IT TO YOU.

OK, THANKS, GLEN.

SO GO AHEAD AND JUST MOVE FOR THE RESOLUTION.

YEAH.

YOU HAVE YOUR MOTION.

SO I MOVE THAT WE RESOLVE THAT THERE SHALL BE A 20 PERCENT TUITION REDUCTION FOR ALL STUDENTS ENROLLED FULL TIME DURING THE SPRING, 2021 ACADEMIC TERM AND A WAIVER OF ANY SPRING 2021 STUDENT FEES FOR SERVICES THAT WILL NOT BE PROVIDED BY THE UNIVERSITY.

DO WE HAVE A SECOND FOR THAT MOTION? I'LL SECOND THAT.

REGENT CARSON SECONDS, ANY DISCUSSION AT THIS POINT? YEAH, I'D LIKE TO JUST READ A STATEMENT OF INFORMATION, IF THAT'S OK, GLEN.

SURE.

THE GLOBAL COVID PANDEMIC HAS CAUSED UNPRECEDENTED HARDSHIPS FOR MEMBERS OF THE CU COMMUNITY.

THESE DIFFICULTIES HAVE DIRECTLY IMPACTED STUDENTS AND FAMILIES, AND THE UNIVERSITY SHOULD PROVIDE THEM RELIEF AS THEY GRAPPLE WITH DIFFICULT DECISIONS ABOUT HOW TO SUPPORT THEIR EDUCATION IN THE WAKE OF THE PANDEMIC, REDUCING TUITION BY 20 PERCENT FOR STUDENTS ENROLLED FULL TIME DURING THE 20 SPRING 2021 ACADEMIC TERM IS AN APPROPRIATE MEANS OF RECOGNIZING THAT THE COVID-19 PANDEMIC HAS LED TO ADVERSITY FOR THESE STUDENTS AND FAMILIES.

THE CU, THE UNIVERSITY OF COLORADO SHOULD LEAD THIS EFFORT AND BECOME ONE OF THE FEW PUBLIC SYSTEMS OF HIGHER EDUCATION TO PROVIDE TUITION REDUCTIONS IN RESPONSE TO COVID-19 PANDEMIC.

IN DOING SO, IT WILL JOIN MANY PRIVATE INSTITUTIONS THAT HAVE RECOGNIZED THE NECESSITY OF PROVIDING TUITION DISCOUNTS TO STUDENTS AND FAMILIES STRUGGLING IN THIS HISTORIC TIME.

THIS RESOLUTION, IF APPROVED BY THE BOARD, WILL AUTHORIZE A 20 PERCENT TUITION REDUCTION FOR ALL STUDENTS ENROLLED FULL TIME DURING THE SPRING 2021 ACADEMIC TERM.

THIS RESOLUTION WILL ALSO AUTHORIZE A WAIVER OF ANY STUDENT FEES FOR ALL STUDENTS FOR SERVICES THAT WILL NOT BE PROVIDED BY THE UNIVERSITY IN 2021.

THANK YOU, REGENT GANAHL.

DISCUSSION? JUMP IN THERE IF YOU IF YOU FEEL LIKE YOU NEED TO.

IF NOT, I'M GOING TO CALL A VOTE AND EFFIE, WOULD YOU DO A ROLL CALL AND REGENTS, IF YOU'D CARE TO HAVE A STATEMENT OR A SHORT COMMENT AS YOU MAKE YOUR VOTE, YOU CAN CERTAINLY DO THAT.

EFFIE? REGENT CARSON? AYE.

REGENT SHARKEY? REGENT SHARKEY ? IS SHE ON? SHE MAY BE FROZEN EFFIE, I HAD FROZEN SCREEN MYSELF A SECOND AGO.

YOU'RE ON MUTE TOO.

I THINK I FROZE THERE FOR A MINUTE.

NO, MY VOTE'S NO.

REGENT SHOEMAKER? I'M ALSO VOTING NO BECAUSE WE'VE HEARD FROM STAFF AND FACULTY TODAY AND OVER THE LAST MANY MONTHS HOW DIFFICULT IT WOULD BE TO CUT OUR BUDGET SIGNIFICANTLY FURTHER, WHICH THIS IF WE PASS THIS RESOLUTION, WOULD BE REQUIRED AND WE WOULD LOSE A LOT OF PEOPLE.

AND PEOPLE ARE OUR POWER.

REGENT SMITH? NO.

CHAIR GALLEGOS? NO.

THAT IS A SIX TO THREE VOTE.

THE MOTION FAILS AND WE'RE GOING TO MOVE ON TO OUR AUDIT COMMITTEE DISCUSSION

[I. 2:50 p.m. AUDIT COMMITTEE DISCUSSION AND ACTION ITEMS]

[01:50:04]

AND ACTION ITEMS. THE NEXT ORDER OF BUSINESS IS AUDIT COMMITTEE REPORT.

YEAH, I THINK THAT'S ME GLEN.

GANAHL? OK, SO THE AUDIT COMMITTEE HAS NOT MET SINCE THE SEPTEMBER BOARD OF REGENTS MEETING, OUR NEXT MEETING IS SCHEDULED FOR DECEMBER 2ND.

AT THAT TIME, THE COMMITTEE WILL HEAR FROM OUR EXTERNAL AUDITORS ON THE RESULTS OF THEIR FISCAL YEAR 2020 FINANCIAL AND COMPLIANCE AUDIT.

ALSO IN DECEMBER, THE COMMITTEE WILL BE BRIEFED BY INTERNAL AUDIT ON SEVERAL MATTERS, INCLUDING THE STATUS OF OUTSTANDING AUDIT REPORTS, THE PROPOSED AUDIT SCHEDULE FOR FISCAL YEAR 2021 IN THE LAST QUARTER'S ACTIVITY ON THE UNIVERSITY'S ETHICS LINE REPORTING SYSTEM.

INTERNAL AUDIT WILL ALSO REVIEW THE METHODS USED TO REVIEW SORRY, RECEIVE PROCESS AND INVESTIGATE ALLEGATIONS OF FISCAL MISCONDUCT.

PLEASE ALSO NOTE THAT THE ASSOCIATE VICE PRESIDENT OF INTERNAL AUDIT HAS ANNOUNCED HIS RETIREMENT, MUCH TO OUR SADNESS AND CHAGRIN, AND A SEARCH IS CURRENTLY UNDERWAY TO FILL THAT POSITION.

AS ALWAYS, WE WELCOME ANY FEEDBACK OR QUESTIONS REGARDING THE WORK OF THE AUDIT COMMITTEE OR DEPARTMENT OF OUR INTERNAL AUDIT.

AND I JUST WANT TO THANK KEVIN SIZEMORE FOR ALL THE WORK HE'S DONE AND HIS DEDICATION TO CU.

AND WE WISH HIM A VERY HAPPY RETIREMENT.

ANY QUESTIONS? I WOULD JOIN YOU IN YOUR PRAISE OF KEVIN AS WELL, I'VE WORKED WITH THEM FOR FOUR OF FIVE OR SIX YEARS.

I'VE BEEN ON THE BOARD AND HE HAS REALLY DONE A GOOD JOB.

SO I JOIN YOU IN THAT.

OTHER QUESTIONS FOR REGENT GANAHL? IF NOT, UNIVERSITY AFFAIRS COMMITTEE DISCUSSION AND ACTION, REGENT SMITH?

[J. 3:00 p.m. UNIVERSITY AFFAIRS COMMITTEE DISCUSSION AND ACTION ITEMS]

UNIVERSITY AFFAIRS, ARE YOU ASKING, OR GOVERNANCE? I AM ON UNIVERSITY AFFAIRS COMMITTEE.

I'M SORRY, [INAUDIBLE].

SORRY.

THAT'S OK.

I JUST WANT TO MAKE SURE I GET THE RIGHT COMMITTEE.

CHAIR GALLEGOS, THANK YOU.

SO THE UNIVERSITY AFFAIRS COMMITTEE MET ON OCTOBER 15TH AND JACK KROLL'S VICE CHAIR, CHANCE HILL AND LINDA SHOEMAKER JOIN ME IN THAT MEETING AND THE REGENT SMITH ATTENDED THAT MEETING AS WELL.

AND THE PRESENTATIONS AND THE STANDARDIZED TEST ON STANDARDIZED TESTING IS AVAILABLE ON BOARD DOCS, I DON'T.

[INAUDIBLE] I HAVE A QUESTION, [INAUDIBLE] HERE.

HOW MUCH DO YOU ADDRESS CONTENT OF THESE COURSES? I HAD TO MISS PART OF IT BECAUSE MY ZOOM WENT OFF AND I DIDN'T KNOW WHETHER YOU HAD ADDRESSED THE ISSUE.

WHO IS SPEAKING AND WHAT? I DID NOT HEAR THAT EITHER, SO IT WAS LIKE INTERFERENCE ON MINE.

SO, YEAH, WHOEVER ASKED THAT QUESTION OR COMMENT COULD COME BACK ON.

I WOULD JUST SUGGEST THAT ON THE UNIVERSITY OF AFFAIRS, THE AGENDA THAT WE HAD ON OCTOBER 15TH, JUST FOR THE SAKE OF TIME, THAT IF YOU'RE INTERESTED, YOU CAN FIND THAT ON BOARD DOCS.

AND IT WAS ABOUT A PRESENTATION ON STANDARDIZED TESTING.

AND WE HEARD FROM A NUMBER OF FOLKS ON THAT.

SO THAT'S MY CHAIR REPORT.

OK, ARE THERE QUESTIONS FOR REGENT SHARKEY? WE'RE GOING TO MOVE ON TO WE THOUGHT WE WERE AHEAD OF THE GAME, NOW WE'RE GOING TO FINANCE COMMITTEE DISCUSSION AND ACTION ITEMS AND I KNOW WE'LL HAVE SLIDES AND MR. KROLL WILL HAVE LOTS OF LOTS OF DISCUSSION TO ADD.

YES.

PROBABLY RIGHT BACK ON SCHEDULE HERE.

YEAH, WE WILL WE WILL DO AWAY WITH ANY EXCESS TIME.

THAT'S WHAT WE DO IN THE FINANCE COMMITTEE.

WE ELIMINATE ALL SURPLUS.

THE I DID WANT TO SAY, I THINK ISAIAH OUR STUDENT REP IS IN THE WAITING ROOM POTENTIALLY.

SO MAYBE, GLEN, AND EFFIE IF WE COULD GET HIM IN, MAYBE WE COULD TAKE HIS REPORT FIRST AND THEN I COULD GO.

I DON'T KNOW, GLEN, IF THAT'S OK WITH YOU OR? THAT'S FINE WITH ME.

OR YOU CAN FINISH YOUR REPORT AND THEN ISAIAH CAN GO.

SO [INAUDIBLE] LET'S LET HIM IN AND THEN WE CAN HEAR HIS REPORT AFTER YOUR REPORT.

OK, GREAT.

I'LL GO AND.

ONE THING IF HE'S WORKING AND JUST POPPING IN FOR THIS.

WE MIGHT WANT TO LET HIM SPEAK.

I DON'T KNOW.

THAT WASN'T MY UNDERSTANDING.

BUT WE'LL CHECK REGENT SMITH, IF THAT'S THE CASE, WE'LL CERTAINLY GET HIM ON.

[01:55:08]

ISAIAH THERE YOU THERE YET? I AM REGENT KROLL.

I WOULD PREFER IF YOU'D GO FIRST, PLEASE, I'M HAVING SOME MAJOR TECHNICAL DIFFICULTIES.

OK, THANK YOU.

NOT A PROBLEM.

SO AS WE ALL KNOW, IT HAS BEEN WELL-ESTABLISHED BY REGENTS PAST AND PRESENT, AS WELL AS EVEN FUTURE REGENTS.

THE FINANCE COMMITTEE IS THE MOST EXCITING COMMITTEE.

DURING THE CAPITAL CONSTRUCTION PORTION OF OUR MEETING, WE REVIEWED THE QUARTERLY CONSTRUCTION UPDATES.

WE CURRENTLY HAVE 14 PROJECTS UNDERWAY.

TWO PROJECTS COMMENCE CONSTRUCTION SINCE THE LAST QUARTERLY REPORT, BOTH OUR BASEMENT BUILD OUTS ON THE ANSCHUTZ MEDICAL CAMPUS.

WE ALSO LOOKED AT THE CCHE'S PRIORITIZED LIST OF STATE FUNDED CAPITAL CONSTRUCTIONS.

WE ARE PLEASED TO SAY THAT THE CU BOULDER [INAUDIBLE] RENOVATION PROJECT IS NUMBER TWO ON THE CCHE LIST.

WE APPROVED THE PRELIMINARY PROGRAM PLANS FOR TWO BOULDER RENOVATION PROJECTS AND TWO DENVER PROJECTS.

BOULDER PROJECTS WILL ADDRESS GROWTH IN CHEMISTRY ENROLLMENT AND RESEARCH PRIMARILY THROUGH THE RENOVATION AND CONSTRUCTION OF NEW LABORATORIES.

THE FIRST DENVER PROJECT RENOVATES SEVERAL FLOORS IN THE LAWRENCE STREET CENTER TO INCREASE OCCUPANCY THROUGH SPACE UTILIZATION.

AND THE SECOND DENVER PROJECT CONTEMPLATES, SO IT'S PRELIMINARY AGAIN, A PARTNERSHIP TO CONSTRUCT A FACILITY ON THE NEXUS PARCEL ON SPEAR AND LARIMER.

SO THIS IS ACTUALLY A PARCEL OF LAND THAT SITS BETWEEN SPEAR BOULEVARD IN THE MIDDLE OF IT.

IN BETWEEN THE TWO LANES OF TRAFFIC THERE, WE HEARD FROM CU ANSCHUTZ ABOUT A COMPETITION THAT WILL TAKE PLACE AT THE BEGINNING OF NEXT YEAR TO DESIGN A VERY SUSTAINABLE NEW CAMPUS SAFETY AND EMERGENCY PREPAREDNESS FACILITY.

AND THEN FINALLY, WE APPROVED THE RESOLUTION, WHICH WE APPROVED ON THE CONSENT AGENDA TODAY, AUTHORIZING THE USE OF BIOSCIENCE TO AS THE UNIVERSITY'S SHARE OF COLLATERAL FOR LEASE PURCHASE AGREEMENT THAT WILL FUND THE FINAL PHASE OF CONSTRUCTION AT THE ANSCHUT HEALTH SCIENCES BUILDING.

I WANT TO TAKE A MOMENT SINCE WE DID THAT TODAY TO THANK EVERYBODY THAT WORKED LAST YEAR AT THE END OF THE LEGISLATIVE SESSION TO ENSURE THAT THAT BUILDING WAS INCLUDED IN THE STATE'S CERTIFICATES OF PARTICIPATION.

THAT MADE A HUGE DIFFERENCE.

AS YOU ALL KNOW, WE HAD THE IMPACTS OF COVID COME IN ON THE STATE BUDGET AND WE HAD BEEN SLATED TO RECEIVE FUNDING FOR THE THIRD PHASE OF THAT CAPITAL PROJECT.

THAT FUNDING THEN GOT PULLED, BUT THEN THE STATE WAS ABLE TO BORROW SOME ADDITIONAL DOLLARS AND FUND OUR PROJECTS.

SO THANK YOU TO EVERYONE ON THE ANSCHUTZ MEDICAL CAMPUS, AT THE SYSTEM OFFICE WHO HELPED MAKE THAT A POSSIBILITY.

YOU KNOW, THAT'S A HUGE WIN FOR THE UNIVERSITY.

JUST TO WRAP THINGS UP HERE, THE FINANCE PORTION OF THE MEETING, TODD PROVIDED AN UPDATE ON THE STATE BUDGET AND IDEAS BEING CONSIDERED BY THE GOVERNOR IN THE NOVEMBER BUDGET REQUEST.

HE'S ALSO SENT OUT AN EMAIL TO EVERYONE AROUND THAT.

SINCE THEN, THE GOVERNOR'S OFFICE UNVEILED ITS BUDGET REQUEST TO THE LEGISLATURE, AND IT INCLUDES A PROPOSAL TO RESTORE FUNDING FOR HIGHER EDUCATION TO ITS FISCAL YEAR 2019, 20 FUNDING LEVEL.

SO THAT'S VERY EXCITING TO HEAR.

OBVIOUSLY, WE HAVE A LONG WAY TO GO IN THE LEGISLATIVE SESSION AND AS THE TAX RECEIPTS FILL IN TO MAKE SURE THAT THAT'S STILL A POSSIBILITY.

WE ALSO HEARD FROM TODD DAN WILSON, OUR TREASURER, AND BOB HULLER, OUR COMPTROLLER ON THE CU TREASURY POOL AND FINANCIAL METRIC DASHBOARDS, WHICH GIVES US A GOOD FEEL ABOUT WHERE WE STAND ON SEVERAL IMPORTANT FINANCIAL MEASURES, PARTICULARLY WITH RESPECT TO RESERVES.

AND LAST BUT NOT LEAST, WE HEARD FROM OUR CHIEF HUMAN RESOURCE OFFICER, FELICITY [INAUDIBLE], ON CU'S ONGOING WORK ON PAY EQUITY.

AS YOU ALL MAY RECALL, PAY EQUITY HAS BEEN A SUBJECT OF SIGNIFICANT INTEREST BY THIS BOARD.

IT WAS ALSO A SUBJECT OF SIGNIFICANT INTEREST BY THE STATE LEGISLATURE LAST LEGISLATIVE CYCLE.

SO WE LOOK FORWARD TO CONTINUED UPDATES ON THAT.

AND AS ALWAYS, EVERY MEMBER OF THE BOARD AS WELL AS THE PUBLIC IS WELCOME AT OUR FINANCE COMMITTEE MEETINGS.

THEY ARE THE MOST EXCITING COMMITTEE MEETINGS IN TOWN.

AND WITH THAT, I'VE FINISHED MY UPDATE.

THERE ARE SEVERAL OTHER ITEMS ON THE FINANCE COMMITTEE PORTION OF OUR AGENDA TODAY.

BUT BEFORE WE GET TO THOSE ISAIAH, ARE YOU IN A POSITION TO GIVE YOUR UPDATE? I AM.

THANK YOU VERY MUCH, REGENT KROLL.

GO AHEAD.

AWESOME.

I APOLOGIZE FOR THE NO CAMERA AND BEING SLIGHTLY TARDY.

I'M EXPERIENCING SOME TECHNICAL DIFFICULTIES, SO BEAR WITH ME.

SO GOING THROUGH THE REPORT, FIRST AND FOREMOST, THE ICSF HAS MET ACTUALLY IN LATE OCTOBER PRIOR TO THIS MEETING.

AND WE HAVE A SCHEDULED MEETING IN THE COMING TWO WEEKS FOR THE MONTH OF

[02:00:05]

NOVEMBER.

HOWEVER, THIS WAS LABELED AS THE NOVEMBER REPORT.

FOR THE UNIVERSITY OF COLORADO AT DENVER, THEY ARE HOSTING A TOWN HALL TOWN HALL CONTINUATION TODAY IN WHICH THEY SHOULD BE INCLUDING STUDENT REPS AND THE STUDENT BODY TO VOICE THEIR OPINIONS AND TRY AND GET, I GUESS, A READ, IF I IF YOU WILL, ON SENTIMENTS THROUGHOUT THE UNIVERSITY.

THE RTD BUS PASSES WILL NOT CONTINUE FOR STUDENTS DURING THE SPRING SEMESTER, AND THEY ARE CURRENTLY LOOKING FOR A SOLUTION FOR THOSE TRANSPORTATION NEEDS.

THAT IS A THEME THROUGHOUT SEVERAL OF OUR CAMPUSES OF STUDENTS WHO ARE NOT ABLE TO ACCESS THE RTD PASS YET DO NEED WAYS OF TRANSPORTATION.

CHANCELLOR FOR THE UNIVERSITY OF COLORADO AT DENVER IS SEEKING TO INCREASE MENTAL HEALTH FUNDING.

AND YOU CAN READ THE REST OF THE REPORT ON DENVER.

I'M GOING TO TOUCH ON THE ANSCHUTZ MEDICAL CAMPUS AT THIS POINT BECAUSE THAT IS ONE OF THE MORE PREVALENT UPDATES IN THIS REPORT.

SO FOR ANSCHUTZ, THEIR STUDENT GOVERNMENT RIGHT NOW IS RESTRUCTURING.

IN YEARS PAST, THEY HAVE NOT HAD AN OFFICIAL EXECUTIVE BOARD.

AND SO THEIR OFFICIAL PROCESSES THAT THEY WOULD TYPICALLY GO THROUGH, WHETHER THAT BE CRAFTING POLICY OR ADVOCATING FOR STUDENT GROUPS, HAS BEEN RELATIVELY INFORMAL.

AND SO WHAT THEY'RE DOING IS GOING THROUGH A PROCESS THAT OFFICIALLY RECOGNIZES THE MEMBERS OF THEIR STUDENT GOVERNMENT THROUGH A HIERARCHICAL PROCESS.

SO I WISH THEM ALL THE BEST FOR THAT.

THEY ARE SEEKING SOME ADVICE IF ANY REGENTS WOULD LIKE TO REACH OUT TO THAT CAMPUS FOR EFFECTIVE WAYS OF RESTRUCTURING AND ORGANIZING, THAT WOULD BE MUCH APPRECIATED.

SO THE ICSF ALSO WAS CONTACTED BY ANSCHUTZ TO POTENTIALLY ASSIST ANSCHUTZ STUDENT GOVERNMENT IN WAYS TO FIND MORE FUNDING.

AND THIS IS A COMPLICATED CONVERSATION THAT WE WOULD LIKE TO ENGAGE IN.

BUT WE ARE FULLY AWARE OF THE FINANCIAL IMPLICATIONS THAT ARE FACING THE UNIVERSITY AT LARGE AT THIS PARTICULAR MOMENT.

JUST SOMETHING TO BE NOTED THERE.

AS FOR UCCS, A HALF A MILLION DOLLAR MENTAL HEALTH STIPEND HAS BEEN CREATED.

THEY ARE EXTREMELY EXCITED ABOUT THAT.

MENTAL HEALTH HAS BEEN A THEME ACROSS NOT JUST THIS UNIVERSITY, BUT AS WE KNOW ACROSS THE STATE, IN THE NATION, SPECIFICALLY WITHIN THE YOUTH.

SO THEY ARE TRYING TO FOCUS AFTER ALL THE CLASSES GO ONLINE AND THANKSGIVING ON PROVIDING THOSE MENTAL HEALTH RESOURCES TO STUDENTS, BEING THAT THEY ARE PREDICTING A RISE IN MENTAL INSTABILITY OR AT LEAST THE NEED FOR RESOURCES AS WE CONTINUALLY GO ONLINE IN THE COMING WEEK.

AS FOR BOULDER.

IN FACT, THIS IS WHY WE HAD TO POSTPONE SOME OF THE TIME, THANKS TO CHAIR GALLEGOS, SO THANK YOU VERY MUCH WITH CCI.

AND THIS HAS BEEN AN ONGOING CONVERSATION THAT PRESIDENT KENNEDY INITIALLY BEGAN WITH THE CREATION OF THE WORKING GROUP OVER THE SUMMER THAT I HAD THE OPPORTUNITY TO PARTICIPATE IN.

AND THAT OFFICIAL RECOMMENDATION WAS PLACED TO THE PUBLIC.

AND ON REGARD TO THAT RECOMMENDATION, I'VE BEEN ATTEMPTING TO FIND SOLUTIONS AND DIFFERENT AVENUES WHERE FUNDING CAN BE PLACED LEGALLY GIVEN THE STATE AND FEDERAL STATUTES THAT ARE IN PLACE.

BEING THAT STUDENT GOVERNMENT, BOULDER IS FUNDED BY STUDENT FEES.

WE ARE TRYING TO FIND AN AVENUE THAT WE CAN SHIFT AWAY FUNDING IN AN EQUITABLE WAY WITH A FAIR PROCESS OF EVALUATING CCI TO OTHER VENDORS.

AND SO THAT'LL BE AN ONGOING PROCESS.

OVER THE COMING WEEKS, WE WILL BE MEETING WITH PROCUREMENT ON THE SYSTEM LEVEL TO ENSURE THAT THAT GETS DONE IN THE CORRECT WAY.

I'VE ALSO MET WITH PRESIDENT KENNEDY RECENTLY ABOUT THE ICSF IN GENERAL AND HOW THE ICSF CAN FURTHER ENGAGE IN CONVERSATION WITH MEMBERS OF THE BOARD OF REGENTS AND THE PRESIDENT'S OFFICE FOR THE COMING YEARS.

AND THAT HAS BEEN A POSITIVE CONVERSATION UP TO THIS POINT.

WE'RE UNSURE AS TO EXACTLY HOW THAT'S GOING TO FUNCTION.

BUT AT THE MOMENT, EVERY MEMBER OF THE ICSF HAS MET WITH PRESIDENT KENNEDY TO VOICE THEIR OPINIONS AND CONCERNS ABOUT HOW ENGAGEMENT SHOULD HAPPEN AND WHEN THAT SHOULD OCCUR.

AS FAR AS THE BOULDER CAMPUS, I'D LIKE TO THANK OUR ADMINISTRATION.

THERE'S BEEN A LOT OF COLLABORATION REGARDING STUDENT SAFETY, HEALTH AND INCLUSION.

THAT'S BEEN AN ONGOING BATTLE FOR QUITE SOME TIME AT THIS POINT.

AND THEY'VE WORKED VERY CLOSELY WITH STUDENT GOVERNMENT TO ENSURE THAT WE ARE, IN FACT, COMING UP WITH TANGIBLE SOLUTIONS.

SO THANK YOU TO CHANCELLOR DISTEFANO AND PATRICK [INAUDIBLE].

AS FAR AS SAFETY PLANS, SO THE STUDENT GOVERNMENT RUN COST CENTERS ON THE BOULDER CAMPUS HAVE BEEN EXPERIENCING SOME DILEMMAS IN TRYING TO ACTUALLY ENGAGE STUDENTS.

AND THIS IS A SENTIMENT THAT HAS BEEN SHARED AMONG ALL THE ICSF CAMPUSES OF HOW TO

[02:05:03]

EFFECTIVELY ENGAGE STUDENTS REMOTELY WHILE FINDING AN IN-PERSON COMPONENT BECAUSE IT IS HEAVILY REQUESTED.

WE'VE DONE SOME OUTREACH ON OUR CAMPUS TO THE STUDENT BODY, AND WE'VE DETERMINED THAT ONE OF THE PRIMARY FACTORS OF STUDENTS WANTING TO ENGAGE WITH ANY SCHOOL ADMINISTERED EVENT IS HAVING AN IN-PERSON COMPONENT.

CLEARLY, THERE ARE SOME MAJOR LIMITATIONS IN IMPLEMENTING THAT.

HOWEVER, FOR OUR COST CENTERS THAT ARE FUNDED BY STUDENT GOVERNMENT AND STUDENT FEES, THERE ARE EXPERIENCES RIGHT NOW THAT ARE BEING CREATED TO PROVIDE THAT OPPORTUNITY FOR STUDENTS.

SO THE RECREATION CENTER AND CENTER FOR STUDENT INVOLVEMENT RIGHT NOW ARE INCREASING THEIR CAPACITY FOR IN-PERSON ACTIVITY.

WE HAVE YET TO SEE WHAT THAT LOOKS LIKE FOR CLUBS, SPORTS AND THINGS OF THAT NATURE.

I IMAGINE THAT WILL BE HEAVILY DELAYED IF POSSIBLE AT ALL.

HOWEVER, WE ARE LOOKING FORWARD ON THAT.

AS FAR AS THE VOLUNTEER RESOURCE CENTER FOR STUDENT GOVERNMENT ON THE BOULDER CAMPUS.

I'M VERY, VERY EXCITED ON THE WORK THAT HAS BEEN ACCOMPLISHED ALREADY THIS SUMMER AND UP TO THIS POINT IN THE FOOD DRIVE FOR STUDENTS WHO ARE CONSIDERED TO BE FOOD INSECURE.

THIS HAS BEEN A RISING ISSUE, ESPECIALLY AMIDST THE PANDEMIC OF STUDENTS WHO ARE NOT ECONOMICALLY STABLE IN GENERAL OR FOOD INSECURE.

THEY TYPICALLY GO HAND IN HAND.

AND SO WHAT WE HAVE DONE IS THE VOLUNTEER RESOURCE CENTER HAS GONE OUT TO MULTIPLE LOCATIONS ON AND OFF CAMPUS AND PROVIDED A SAFE WAY FOR STUDENTS TO COME AND COLLECT LARGE AMOUNTS OF FOOD.

THAT HAS BEEN A VERY POPULAR EXPERIENCE EVERY TIME THAT THEY HAVE GONE OUT.

AND IT WAS MORE FREQUENT OVER THE SUMMER, WHICH I BELIEVE THEY ARE GOING OUT TWICE A WEEK OVER THE SUMMERTIME.

THEY HAVE SOLD OUT OF FOOD IN THE FIRST THREE HOURS OF THEM TAKING TO THE STREET.

SOME DAYS WERE MORE BUSY THAN OTHERS.

HOWEVER, THERE IS THAT GROWING NEED.

AND THAT ALSO TRANSLATES TO, YOU KNOW, A LARGER ISSUE THAT WE HAVE YET TO FIND A SOLUTION TO IS HOW DO WE ACTUALLY CONNECT THE STUDENTS WHO ARE EXPERIENCING THESE LOSSES IN BOULDER AND ACROSS THE ICSF CAMPUSES WITH THE RESOURCES.

CONNECTING STUDENTS RIGHT NOW IS BECOMING A CHALLENGE BECAUSE OF THIS VIRTUAL PLATFORM, IT WOULD SEEM LIKE IT WOULD BE EASIER.

HOWEVER, EVERYBODY IS FIGHTING FOR THE SAME SPACE AND ATTENTION TO, YOU KNOW, WHETHER THAT BE EDUCATIONAL OR WHETHER THAT BE CONNECTING THEM TO CRITICAL RESOURCES.

SO IT'S BECOME A CHALLENGE TO BE RELEVANT AMONG THE STUDENT BODY.

AND LASTLY, FOR THE CU BOULDER POLICE FORCE, AND THIS HAS BEEN AN ONGOING CONVERSATION AMONG ALL THE ICSF CAMPUSES ON HOW POLICE REFORM OR ACCOUNTABILITY, RATHER, LOOKS AND FUNCTIONS ON EACH CAMPUS.

THEY DO DIFFER QUITE DRASTICALLY, AND BOULDER HAS KIND OF TAKEN THE LEAD ON SETTING THE EXAMPLE ON REFORM AND ACCOUNTABILITY FOR THE SYSTEMS IN PLACE THAT ARE SUPPOSED TO PROTECT STUDENTS.

AS OF TWO DAYS AGO, I WILL SERVE AS THE STUDENT REPRESENTATIVE IN HIRING THE NEW CU BOULDER POLICE COMMANDER.

A VERY EXCITING OPPORTUNITY.

RIGHT NOW, WE'RE STILL WORKING IN THAT TASK FORCE TO HOPEFULLY ESTABLISH AN OVERSIGHT BOARD FOR OUR CAMPUS THAT REALLY COMES FROM THE COMMUNITY POLICING ASPECT.

I'VE BEEN IN CLOSE CONTACT WITH CHIEF JOE KIRST ON OUR CAMPUS TO ENSURE THAT THAT GETS DONE CORRECTLY.

CHANCELLOR DISTEFANO HAS ENSURED THAT WE HAVE ADEQUATE REPRESENTATION FOR THAT.

UNFORTUNATELY, THE GRADUATE SCHOOL FROM BOULDER WAS UNABLE TO PROVIDE UPDATES.

THEY WERE UNABLE TO ATTEND THAT MEETING.

SO IF THERE ARE UPDATES THAT I RECEIVE IN WRITING, I WILL BE SURE TO SEND THAT OUT TO THE BOARD OF REGENTS RETROACTIVELY TO THIS MEETING.

I WOULD LIKE TO BRING INTO ACCOUNT AND TO THE TO THE REGENTS ATTENTION THAT THE CONVERSATION REGARDING THE EXPERIENCE AND I KNOW THIS IS A CLEAR CONVERSATION THAT HAS BEEN HAPPENING FOR QUITE SOME TIME, BUT THE STUDENT EXPERIENCE HAS BEEN THE ONE THING THAT ALL CAMPUSES ARE STRUGGLING WITH.

AND STUDENTS RIGHT NOW ARE SEEING LESS AND LESS INCENTIVES TO CONTINUALLY PARTICIPATE IN SCHOOL ACTIVITIES.

IN THAT CONNECTION ASPECT BETWEEN STUDENTS AND EVEN BETWEEN THE EDUCATIONAL COMPONENT PROFESSORS AND COUNSELORS HAS BECOME A GROWING NEED THAT WE SEE.

SO IF THERE ARE ANY PROPOSED SOLUTIONS FROM THE BOARD OF REGENTS, THE ICSF WOULD BE VERY PRIVILEGED TO HEAR WHAT YOU WOULD HAVE TO SAY ABOUT THAT.

WE ARE STRUGGLING TO FIND A COHESION BETWEEN US TO FIND OUT WHAT THE STUDENTS NEED AS A COLLECTIVE WHOLE.

CAMPUS PER CAMPUS, IT DOES DIFFER, BUT THERE IS AN OVERARCHING THEME THAT IS SHARED AMONG ALL OF THE CAMPUSES.

OTHER THAN THAT, I WOULD THANK PRESIDENT KENNEDY ONCE MORE FOR MEETING WITH THE

[02:10:03]

ICSF.

WE LOOK FORWARD TO COLLABORATING FURTHER AND MIKE [INAUDIBLE] IS ALSO INVOLVED IN THOSE CONVERSATIONS.

OTHER THAN THAT, I WOULD BE HAPPY TO TAKE ANY QUESTIONS.

QUESTIONS FOR ISAIAH? I JUST LIKE TO THANK YOU ISAIAH, FOR DOING THE TASK THAT YOU'RE DOING WITH EVERYTHING ELSE YOU'VE GOT GOING ON.

YOU'VE REALLY BROUGHT A LOT TO THIS ROLE THIS YEAR.

AND HAVE BEEN A GREAT ADVOCATE FOR STUDENTS AND I'M HAPPY TO CONNECT WITH THE WITH THE ICSF AT ANY TIME.

THANK YOU VERY MUCH, REGENT KROLL.

I APPRECIATE THAT.

ANY OTHER COMMENTS, QUESTIONS? REGENT GALLEGOS? YES.

I ALSO, IF YOU DON'T MIND, I JUST WANTED TO THANK ISAIAH AND CUSG FOR THE WORK THAT THEY DID WHEN WE HAD ORDERS THAT WERE ISSUED BY BOULDER COUNTY PUBLIC HEALTH.

THEY'RE WILLING TO [INAUDIBLE] MESSAGING AND TO MAKE SURE THAT WE WERE DOING WHAT WE COULD TO BE ABLE TO ADDRESS THE EXPECTATIONS FOR OUR STUDENT COMMUNITY WAS VERY HELPFUL.

THANK YOU SO MUCH.

HEY GLEN, CAN I MAKE A COMMENT? ABSOLUTELY.

ISAIAH, THANK YOU SO MUCH FOR ALL THE WORK YOU'RE DOING.

AND I THINK WE'RE ALL STRUGGLING WITH HOW TO MAKE THINGS BETTER.

BUT I WOULD LIKE TO INTRODUCE YOU TO THE MAKE AN INTRODUCTION TO THE LEADER OF THE PETITION EFFORT JUST SO THAT WE CAN HOPEFULLY CONNECT THE DOTS BETTER.

AND YOU GUYS CAN ALL WORK TOGETHER TO FIGURE OUT, YOU KNOW, WHAT A PATH FORWARD IS FOR THE SPRING.

AND HOPEFULLY WE CAN FIGURE OUT SOME NEW INNOVATIVE WAYS OF CONNECTING OUR STUDENTS.

ABSOLUTELY.

PLEASE REACH OUT TO ME.

I'D BE HAPPY TO.

I THINK THAT'S A GREAT IDEA.

OTHER COMMENTS OR QUESTIONS? ISAIAH, GREAT REPORT, THANKS FOR YOUR HARD WORK IN ADVOCATING FOR STUDENTS AND YOUR COUNTERPARTS ON THE OTHER CAMPUSES AS WELL.

I ESPECIALLY LIKE THE FACT THAT THERE'S LOTS OF COOPERATION WITH CHANCELLORS AND WITH PAT [INAUDIBLE] AND EVERYONE ELSE.

AND YOU KNOW, REGENTS IF YOU WANT TO KNOW HOW THINGS ARE ON CAMPUS.

I THINK THAT ISAIAH DOES A GOOD JOB OF REPRESENTING THOSE STUDENTS.

AND MAYBE WE COULD LEARN A LITTLE BIT WITH REGARD TO WHERE HE'S AT AS WELL IN HIS WORK WITH THEM.

ISAIAH THANK YOU AGAIN VERY MUCH.

[K. 3:10 p.m. FINANCE COMMITTEE DISCUSSION ITEMS]

WE'LL PICK RIGHT BACK UP.

NOW IS FOR ONE OF MY FAVORITE TIMES OF THE MEETING.

WE GET TO FIND OUT HOW OUR TREASURY POOL IS DOING AND WE GET TO HEAR FROM DAN WILSON.

DAN, IS THIS POTENTIALLY YOUR LAST TIME UPDATING THE FULL BOARD ON THE ON THE WHERE THE TREASURY POOL STANDS? CAN YOU HEAR ME? YES.

OK, SO I THINK THIS IS MY SECOND TO THE LAST TIME SORRY, I'LL PROBABLY BE HERE IN FEBRUARY FOR THE FEBRUARY REPORT, ALTHOUGH WE MAY HAVE A NEW TREASURER AND LET HIM DO IT.

SO WE'LL SEE.

WE'LL SEE.

WELL, THANK YOU FOR THE OPPORTUNITY THAT I'M GOING TO GO OVER THE BOARD MATERIALS FROM THE QUARTERLY TREASURER'S REPORT FOR THE THREE MONTHS ENDED SEPTEMBER 30TH.

I FIRST WANTED TO JUST SAY WHAT A PLEASURE IT'S BEEN WORKING WITH REGENTS GRIEGO, CARSON AND SHOEMAKER.

I APPRECIATE THEIR SUPPORT.

FOR SOME OF THE FINANCIAL DECISIONS, I APPRECIATE THEM BEING WILLING TO LEARN ABOUT AN INTEREST RATE SWAP A FEW YEARS AGO, EVEN THOUGH WE DIDN'T EXECUTE THAT TRANSACTION, YOU WERE VERY PATIENT AND THOUGHTFUL IN LISTENING TO THAT AND LEARNING ABOUT IT.

SO THANK YOU VERY MUCH.

AND I WILL BE FOLLOWING YOUR RETIREMENT SHORTLY AFTER YOU LEAVE THE BOARD.

I'LL GO AHEAD AND SHARE MY SCREEN HERE.

FROM THE FOURTH PAGE, THE TREASURER'S REPORT IS A REPORT THAT SHOWS THE TOTAL ASSETS IN THE TREASURY POOL, WHICH AT THE END OF SEPTEMBER WE HAD TWO POINT SIX BILLION IN THE POOL VERSUS TWO POINT THREE BILLION FROM THE PRIOR YEAR.

TWO REASONS REALLY FOR THIS INCREASE.

ONE IS THE CARES FUNDING, WHICH WE RECEIVED IN MARCH OF ONE HUNDRED AND TWENTY EIGHT MILLION.

AS OF SEPTEMBER, WE SPENT CASH OF FORTY ONE MILLION OF THAT, SO THERE'S EIGHTY SEVEN MILLION STILL LEFT AND WHEN WE LOOK AT OUR CASH POSITION, IT'S SIXTY TWO

[02:15:03]

MILLION DOLLARS HIGHER THAN IT WAS A PRIOR YEAR.

BUT WITHOUT THAT CARES FUNDING, WE WOULD BE DOWN ABOUT TWENTY FIVE MILLION.

THE UNREALIZED INVESTMENT RETURNS ARE THE OTHER REASON FOR THE INCREASE, AS YOU'LL LEARN, WE HAD REALLY SPECTACULAR GAINS ON OUR LONG TERM INVESTMENT ACCOUNT.

SO THE OVERALL TREASURY POOL RETURNED 11 PERCENT FOR THE LAST 12 MONTHS AND SEVEN POINT THREE PERCENT FOR THE LAST THREE YEARS.

SO WE'VE HAD REALLY SOME GOOD NEWS THERE.

WE'VE HAD REALLY EXCELLENT RETURNS.

AS OF SEPTEMBER 30TH.

THE PORTFOLIO IS FORTY SEVEN PERCENT IN CASH AND FIXED INCOME AND 53 PERCENT IN EQUITY ASSETS.

AND WE TYPICALLY HOVER AROUND THIS 50 50 BALANCE DEPENDING ON THE TIME OF THE YEAR.

FOR EQUITY ASSETS, WE HAVE ABOUT 10 PERCENT IN THE CU FOUNDATIONS LONG TERM INVESTMENT POOL.

ABOUT TWENTY ONE PERCENT IN GLOBAL AND INTERNATIONAL EQUITY AND TWENTY TWO PERCENT IN DOMESTIC EQUITY.

AND THEN THE BALANCE IN FIXED INCOME, IN CASH.

AND THIS POOL HAS BEEN REBALANCED.

AND I WAITED UNTIL AFTER YEAR END AND WE SAW SOME OF THE RETURNS FOR TUITION COMING IN AND THEN WE REBALANCE THE PORTFOLIO.

QUICKLY ON THE TREASURY INDICATORS.

WE HAD ANOTHER POSITIVE QUARTER FOR ALL POSITIVE INDICATORS FOR THE TREASURY POOL ASSETS, THE ECONOMY HAS SEEN AN INCREASE IN CONSUMER SPENDING DURING THE QUARTER WHILE INCOMES WERE DECREASING.

MUCH OF THAT SPENDING WAS FOR PENT UP DEMAND, REALLY FROM THE STAY AT HOME ORDERS IN APRIL.

SAVINGS WERE BUILT UP AND THEN BEING SPENT AS THE ECONOMY REOPENED, AS PEOPLE HAD BETTER EMPLOYMENT PROSPECTS, IMPROVES AND EMPLOYED PEOPLE FEEL MORE COMFORTABLE SPENDING MONEY.

BELIEVE IT OR NOT.

HOME SALES AND CAR SALES WERE UP AND ONLINE SHOPPING FOR APPAREL WAS UP.

AND THE ECONOMY, AS MEASURED BY THE GDP, GREW SEVEN POINT FOUR PERCENT FOR THE QUARTER.

AND ONE OF THE INTERESTING THINGS IS DATA FROM THE IMF, THE INTERNATIONAL MONETARY FUND REVEALS THAT THE MAJOR ECONOMIES OF THE WORLD HAD PUMPED MORE THAN DOUBLE THE AMOUNT OF STIMULUS INTO THE ECONOMY DURING THE FIRST SEVEN MONTHS OF COVID THAN THEY DID DURING THE ENTIRE THREE YEAR GLOBAL FINANCIAL CRISIS IN 2008.

QUARTERLY RETURNS FOR DOMESTIC EQUITY, AS MEASURED BY THE S&P, WERE UP EIGHT POINT NINE THREE PERCENT AS OF SEPTEMBER 30TH FOR THE QUARTER AND FIFTEEN POINT ONE PERCENT FOR THE 12 MONTHS ENDED.

SEPTEMBER.

NINE US EQUITIES WERE UP EIGHT POINT ONE PERCENT FOR THE QUARTER AND TEN POINT FOUR FOUR PERCENT FOR THE 12 MONTHS.

AND BONDS ALSO RETURNED POSITIVE FOR THE QUARTER, JUST POINT SIX TWO PERCENT, BUT SIX POINT NINE PERCENT FOR THE YEAR.

SO THE TREASURY POOL RETURNED FOR THE QUARTER WAS FIVE POINT TWO PERCENT AND ELEVEN POINT ONE EIGHT PERCENT.

FOR THE LAST 12 MONTHS, WHICH IS SLIGHTLY BETTER THAN THE BENCHMARKS FOR THEIR RESPECTIVE PERIODS.

ON ECONOMIC TRENDS, WITH THAT BALANCE AS OF SEPTEMBER 30TH HAS GROWN TO ONE POINT NINE BILLION.

AS YOU MAY RECALL, I REPORTED THAT WE ISSUED VARIABLE-RATE DEMAND NOTES OF TWO HUNDRED AND TWENTY FIVE MILLION ON JULY 1ST.

AND WE REFUNDED AND RESTRUCTURED OUR DEBT OF AROUND ONE HUNDRED AND FORTY ONE MILLION ON JULY 10TH.

WE ZEROED OUT OUR CP PROGRAM, PAID IT ALL OFF FOR NOW.

THE DEBT RESTRUCTURE REFUNDING PROVIDED BUDGET RELIEF OF 57 MILLION FOR FISCAL YEAR TWENTY ONE AND AN ADDITIONAL THIRTY ONE [INAUDIBLE] FOR FISCAL YEAR TWENTY TWO.

IN PRINCIPLE, INTEREST PAYMENTS.

ONE INTERESTING THING IS WE'VE RECALCULATED OUR WEIGHTED AVERAGE COST OF CAPITAL.

AND THAT NUMBER IS NOW WE CALCULATED TWO POINT ONE SEVEN.

WE'RE SORT OF ROUNDING THAT TO TWO POINT TWO, BUT PART OF THAT IS THE IS THE LOW COST OF OUR VARIABLE RATE DEMAND BONDS, WHICH ARE PAYING ONLY 40 BASIS POINTS, SO POINT FOUR PERCENT SO FAR.

AND WE'VE HAD FOUR REFUNDINGS IN THE LAST 12 MONTHS.

SO OUR COST OF CAPITAL HAS WENT FROM WHEN I STARTED FIVE YEARS AGO FROM THREE

[02:20:05]

POINT TWENTY FIVE PERCENT DOWN TO TWO POINT TWO PERCENT, ROUGHLY.

SO SIGNIFICANT SAVINGS IN OUR IN OUR DEBT.

OUR PROJECTED DEBT CAPACITY RATIO FOR FISCAL YEAR TWENTY ONE HAS DROPPED FROM FOUR POINT THREE PERCENT TO FOUR POINT TWO PERCENT.

AND WE'RE MAINTAINING STABLE DOUBLE A ONE RATINGS FROM MOODY'S AND AA PLUS FROM FITCH.

EVEN WITH OUR RECENT DEBT ISSUANCES.

ARE THERE ANY QUESTIONS I CAN ANSWER? I HAVE I HAVE ONE QUESTION DAN, FOR THE MONEY THAT COMES IN FROM THE CARES ACT, ARE THERE LIMITATIONS ON WHERE WE CAN INVEST THAT WHILE WE'RE WHILE IT'S SITTING? NO, BUT WE HAVE IT IN MONEY MARKET FUNDS, SO IT'S NOT WE'RE NOT TAKING RISK ON IT.

YEAH, WELL, I THINK I THINK AS WE DRAFT OR DEVELOP ANY SORT OF STATEMENT OR RESOLUTION AROUND YOUR SERVICE, I HOPE TO SEE IT A LINE IN THERE THAT RECOGNIZES YOUR ONE HUNDRED AND FIFTY BASIS POINT DROP IN OUR WEIGHTED AVERAGE COST OF CAPITAL.

THAT'S A HUGE ACHIEVEMENT.

AND I KNOW YOU'VE GOT A GREAT TEAM THAT WORKS WITH YOU, BUT THAT IS THAT'S HUGE.

AND CHUCK COOK HAS DONE A GREAT JOB OF MODERNIZING, I WOULD SAY, OUR DEBT STRUCTURE AND HELPING US GET THERE.

A LOT OF TEAMWORK.

REGENT KROLL, I WAS ONLY GOING TO SAY THAT THERE'S GOING TO BE A POP QUIZ FOR OUR NEW REGENTS ON THIS AT 4:30 TODAY [INAUDIBLE].

THAT'S EXACTLY RIGHT.

I HOPE YOU TOOK GOOD NOTES AROUND THE RETURN OF THE S&P 500 OVER THE LAST QUARTER.

DAN, IF YOU COULD, CAN YOU GIVE US REAL BRIEFLY BEFORE WE MOVE TO OUR NEXT INFORMATION ITEM, WHICH IS OUR FINANCIAL AID PRESENTATION FROM VICE PRESIDENT SALIMAN.

CAN YOU GIVE US A SENSE OF WHERE YOU SEE THE MARKETS MOVING OVER THE NEXT SIX, 12 MONTHS WITH RESPECT TO THE RESULTS FROM THE ELECTION AND THE ONGOING PANDEMIC? SURE, YOU KNOW, IT'S ALWAYS A GUESS WITH REGARD TO MARKETS, WE HAVE SEEN A POP ONCE THE ELECTION IS RESULTS WE'RE SORT OF IN AND THE MARKETS LIKE A LEGISLATION WHERE IT'S NOT ALL ONE PARTY, AND SO THAT THE MARKETS REACTED VERY POSITIVELY LAST WEEK TO THAT, AND WE SAW S&P AND THE DOW HAVE A SIGNIFICANT INCREASE OF FIVE, SIX PERCENT.

IN TERMS OF FIXED INCOME.

AND WHAT THE TREASURY IS GOING TO DO, WE DO EXPECT THEY'RE GOING TO MAINTAIN LOW INTEREST RATES.

FOR THE DURATION, THEY HAVE MORE LEEWAY WITH REGARD TO INFLATION, SO THEY'LL LET INFLATION GO OVER THE TWO PERCENT LIMIT THAT THEY'VE SET IN THE PAST AND PROBABLY NOT RAISE INTEREST RATES.

AND, YOU KNOW, THE ECONOMY'S STILL STRUGGLING IN MANY WAYS.

AND COVID IS PART OF THE IS THE IS THE MAIN ISSUE.

IT WILL REALLY DEPEND ON ON HOW COVID.

AFFECTS THE ECONOMY.

AND WHETHER OR NOT WE HAVE SUSTAINED ECONOMIC GROWTH.

SO FAR, WE'RE DOING OK.

WELL, WELL, THANK YOU, DAN.

AND IF IT WAS YOUR LAST UPDATE TO THE BOARD, IT WAS A GREAT ONE, BUT MAYBE WE'LL GET ONE MORE OUT OF YOU.

MAYBE ONE MORE.

YOU KNOW REGENT KROLL, WHAT YOU'RE DOING IS YOU'RE REALLY COMPRESSING TODD'S TIME WITH THIS SPORT, SO YOU BETTER GET TO HIM PRETTY QUICKLY.

YOU KNOW, THERE'S ALWAYS A METHOD TO MY MADNESS HERE.

SO, VICE PRESIDENT SALIMAN, WHY DON'T WE TAKE IT OVER TO YOU? WE HAVE TWO INFORMATION ITEMS FROM YOU.

ONE IS THE FINANCIAL AID PRESENTATION AND THE OTHER IS A PRESENTATION AROUND OUR UNRESTRICTED NET POSITION.

THANK YOU VERY MUCH, REGENT KROLL AND MR. CHAIRMAN AND I, DO HAVE AN ABBREVIATED DECK TO SHARE, BUT I BUT THERE'S A LONGER VERSION ON THE BOARD DOCS THAT I COULD PERHAPS GO THROUGH.

LET'S STICK WITH THE ABBREVIATED VERSION.

OK, SO THANK YOU VERY MUCH.

SO AT THE NOVEMBER BOARD MEETING EACH YEAR, WE PRESENT A COUPLE OF THINGS

[02:25:02]

TO THE BOARD TO AS WE PREPARE FOR OUR NEXT BUDGET CYCLE FOR FY TWENTY ONE, TWENTY TWO.

AND THE FIRST ONE I'M GOING TO TALK ABOUT TODAY IS STUDENT AID AND DEBT.

AND IT IS AN ABBREVIATED VERSION OF THE PRESENTATION.

THE FULL THE FULL VERSION IS IN BOARD DOCS AND YOU'RE WELCOME TO LOOK AT IT THERE.

AND IF YOU WANT ME TO EMAIL YOU A PDF OF IT OR SOMETHING, JUST LET ME KNOW.

WE HAVE AN AWESOME NEW FINANCIAL AID AND STUDENT DEBT VIDEO THAT WE'VE UPDATED.

I'M NOT GOING TO PLAY IT RIGHT NOW BECAUSE BECAUSE IT DOESN'T, JACK, THOUGHT IT WOULDN'T PLAY WELL OVER ZOOM.

AND I SUSPECT HE'S RIGHT.

SO THANK YOU FOR SAVING ME FROM THAT DISASTER, REGENT KROLL.

BUT I WILL PUT THE LINK TO IT IN THE IN THE CHAT FOR EVERYONE.

AND I ENCOURAGE FOLKS TO TAKE A LOOK.

IT'S A IT'S A GOOD IT'S A GOOD RESOURCE FOR ACTUALLY I'LL THE REAL LINK IN THE CHAT IN A LITTLE WHILE.

BUT IT'S A REALLY GOOD RESOURCE FOR CONSTITUENTS THAT MIGHT HAVE QUESTIONS ABOUT STUDENT DEBT AND FINANCIAL AID IN CU.

SO THAT AND I WANTED TO THANK SELENA DURAN FOR HER INCREDIBLY GREAT WORK PUTTING THAT VIDEO TOGETHER.

SO THANKS TO SELENA.

SO I'M GOING TO SHARE MY SCREEN.

SO WE'LL GO WE'LL GO THROUGH THIS PRETTY QUICKLY.

CAN FOLKS SEE THAT OK? I CAN.

OK, GREAT.

SO THE FIRST THING TO JUST REMIND FOLKS OUT THAT WE WERE ALL AWARE OF THIS, WE'VE SEEN IT MANY TIMES, BUT, WHEN EARNING A BACHELOR'S DEGREE WILL RESULT, ON AVERAGE, AN INDIVIDUAL EARNING ONE AND A HALF MILLION DOLLARS MORE OVER THEIR LIFETIME AND THE DOLLAR AMOUNT JUST CONTINUES TO GROW EACH YEAR.

ALL RIGHT, SO.

AS WE UPDATE THIS PRESENTATION.

WHEN WE LOOK AT STUDENT AID IN COLORADO IN GENERAL AND CU IN PARTICULAR, WE SEE THAT FINANCIAL AID AT CU HAS CONTINUED TO GROW ANNUALLY FOR QUITE SOME TIME.

INSTITUTIONAL AID, AS YOU CAN SEE ON THE RIGHT HAND SIDE OF THE SCREEN, EQUALS TWO HUNDRED TWENTY EIGHT POINT SEVEN DOLLARS MILLION FOR FISCAL YEAR 19 20.

SO THANKS TO THE COMMITMENT OF THE CAMPUSES AND THE PRESIDENT AND THE BOARD FOR MAKING THAT A REALITY.

WHEN WE LOOK AT THE AVERAGE RESIDENT UNDERGRADUATE STUDENT DEBT LOADS OVER TIME, YOU COULD SEE HOW DEBT BURDENS HAVE CHANGED OVER TIME ON OUR CAMPUSES.

WE ALSO HAVE THE INFORMATION HERE FOR OTHER CAMPUSES AROUND COLORADO.

BUT YOU CAN SEE THAT GENERALLY OVER TIME, THE STUDENT, THE AVERAGE STUDENT DEBT LOAD HAS ACTUALLY DECLINED AT OUR CAMPUSES OVER THAT THREE YEAR PERIOD.

WHEN WE LOOK AT THE AVERAGE DEBT LOAD UPON GRADUATION FOR STUDENTS STATEWIDE AND WE HAVE TWO BARS ON HERE, ONE IS FOR RESIDENT STUDENTS AND THAT'S THE BLUE BAR AND THE GRAY BARS FOR ALL STUDENTS.

SO FOR AT CU BOULDER, FOR EXAMPLE, A RESIDENT STUDENT WITH DEBT WOULD EXPECT ON AVERAGE TO GRADUATE WITH ABOUT TWENTY SIX THOUSAND DOLLARS OF DEBT.

IS IMPORTANT.

IMPORTANT TO NOTE THAT A LARGE PERCENTAGE OF THE STUDENTS AT CU GRADUATE WITH NO DEBT AT ALL.

AND AS YOU CAN SEE ON THE TOP, IT'S FIFTY POINT FOUR PERCENT.

WHEN WE LOOK AT THE DEFAULT RATES, WE SEE THIS THAT OUR CAMPUSES CONTINUE TO DO WELL IN THIS AREA A COUPLE OF YEARS WE SAW UCCS'S DEFAULT RATE INCREASING, BUT THAT'S COMING, COMING BACK DOWN.

SO HATS OFF TO THE CHANCELLOR, TO THE CAMPUS AND INTO ALL THE UCCS GRADUATES.

THIS CHART SHOWS US THE AVERAGE ANNUAL EARNINGS OVER A 10 YEAR PERIOD FOR STUDENTS WHO GRADUATE FROM CERTAIN TYPES OF PROGRAMS. SO AND THEN WE COMPARE THAT TO THE AVERAGE DEBT LOAD UPON GRADUATION FOR STUDENTS WHO GRADUATE FROM THOSE PROGRAMS AND STUDENTS WITH DEBT.

SO FOR ENGINEERING, FOR EXAMPLE, YOU COULD SEE ON AVERAGE, OVER A 10 YEAR PERIOD, A GRADUATE FROM ENGINEERING WOULD EARN ABOUT EIGHTY ONE THOUSAND DOLLARS.

THEIR TOTAL DEBT LOAD UPON GRADUATION, IF THEY HAVE DEBT, IS ABOUT THIRTY

[02:30:05]

THOUSAND DOLLARS, THIRTY ONE THOUSAND DOLLARS, AND THEIR ANNUAL LOAN PAYMENTS WOULD BE ABOUT THIRTY EIGHT HUNDRED DOLLARS ON THE BLUE BAR.

AND WE AND WE THIS CHART IS PREPARED USING ALUMNI DATA.

WE'RE ACTUALLY UNDERTAKING A PROJECT RIGHT NOW WITH THE CAMPUSES TO TRY TO GET EVEN BETTER DATA REGARDING THE EARNINGS OF OUR OF OUR GRADUATES.

WHEN WE LOOK AT OUR, AT THE NUMBER OF UNDERGRADUATE STUDENTS AT CU BOULDER WHO HAVE STUDENT LOANS, WE LOOK AT THAT AT THAT INFORMATION BY INCOME GROUP.

AND HERE YOU CAN SEE THAT ON THE FAR LEFT SIDE OF THE SCREEN THAT ABOUT TWENTY NINE HUNDRED STUDENTS AT CU BOULDER FILLED OUT THE FAFSA AND ABOUT FOURTEEN HUNDRED OF THE STUDENTS IN THAT INCOME GROUP DID NOT TAKE OUT A LOAN.

FOURTEEN HUNDRED TWENTY TWO AND ABOUT FOURTEEN HUNDRED AND NINE DID TAKE OUT A STUDENT LOAN.

WE HAD SOME QUESTIONS A COUPLE OF YEARS AGO ABOUT PLUS LOANS AND THE NUMBER OF STUDENTS, THE NUMBER OF FAMILIES IN EACH INCOME GROUP THAT WERE TAKING OUT PLUS LOANS.

AND SO WE ADDED THAT AND THAT'S THAT KIND OF SLASHED BAR IN THE MIDDLE AND AT BOULDER THAT EQUALS SIX PERCENT OF THE STUDENTS AND THEIR FAMILIES PLUS LOANS.

WHAT'S NOTABLE ON THIS SLIDE, I THINK, IS THE BAR ON THE RIGHT, WHICH IS THAT THIRTY FIVE POINT SEVEN PERCENT OF THE STUDENTS AT CU BOULDER DON'T EVEN APPLY, DON'T EVEN FILL OUT THE FAFSA.

AT CU DENVER.

HERE'S THE SAME INFORMATION FOR CU DENVER, AND YOU CAN SEE BY INCOME GROUP THE NUMBER OF STUDENTS IN THE, I'M SORRY THAT FOR THE DARKER NUMBERS ON THE ON THE DARKER SHADING.

BUT YOU CAN SEE THE NUMBER OF STUDENTS WHO ARE TAKING OUT LOANS IN EACH OF THOSE INCOME GROUPS.

AND SAME INFORMATION FOR UCCS, AND HERE YOU CAN SEE ONLY 17 PERCENT OF THE STUDENTS AT UCCS DON'T APPLY FOR AID.

SO THERE'S A LOT MORE INFORMATION ON THIS IN OUR IN OUR IN THE IN THE LONGER VERSION OF THE OF THE PRESENTATION, THAT'S IN BOARD DOCS.

BUT WHAT I WANT TO SHOW YOU NOW IS A NEW WEBSITE, AND THIS IS THE ADDRESS.

AND I'M GOING TO STOP SHARING MY SCREEN AND GO TO THAT WEBSITE.

AND SHOW YOU THIS NEW INFORMATION RESOURCE THAT WE'VE PUT TOGETHER FOR YOU AND THE PUBLIC TO TRY TO.

PROVIDE ADDITIONAL INFORMATION.

ABOUT FINANCIAL AID AND AFFORDABILITY AT CU.

AND SO WE'LL SEND YOU A LINK TO THIS AS WELL.

THE BEGINNING.

THE FIRST THING ON THE WEBSITE, OF COURSE, IS OUR NEW AWESOME VIDEO, WHICH YOU HAVEN'T SEEN.

BUT YOU HAVE TO TRUST ME THAT IT'S AWESOME.

AND THEN WE GO THROUGH A VARIETY OF MEASURES THAT WILL GET THE VALUE OF A COLLEGE DEGREE AND LOOKING AT IT THROUGH A FEW DIFFERENT LENSES.

THIS ONE WAS OF PARTICULAR INTEREST TO ME, ESPECIALLY NOW.

SO WE SEE THAT THE UNEMPLOYMENT RATE RECENTLY IS MUCH LOWER WHILE IT STILL WENT UP FOR STUDENTS WITH A COLLEGE DEGREE.

IT WAS IT WAS LESS THAN HALF OF THAT FOR THOSE WITHOUT A COLLEGE DEGREE.

WE LOOK AT THAT CU ALUMNI EARNINGS DATA, THE DEFAULT RATES, WE LOOK AT GRADUATION RATES.

GRADUATION RATES ARE A CRITICAL PART OF AFFORDABILITY AND YOU CAN LOOK AT THE DIFFERENT GRADUATION RATES BY CAMPUS.

WE LOOK AT THE AVERAGE STUDENT DEBT LOAD FOR RESIDENT UNDERGRADUATES AND ALL UNDERGRADUATES, SO.

HOPEFULLY MAKING THAT USEFUL FOR FOLKS.

THE STRATEGIC THE STRATEGIC PLAN THAT PRESIDENT KENNEDY IS LEADING ALSO HAS AN AFFORDABILITY AND STUDENT SUCCESS PILLAR.

SO WE INCLUDED A LINK TO THAT.

LOTS OF GOOD DATA RESOURCES THERE.

THEN SOME INFORMATION ABOUT TUITION FEES, HOW THE BURDEN HAS CHANGED OVER TIME FROM THE FROM THE STATE TO THE STUDENT.

AND THEN WE LOOK AT THE COST OF ATTENDANCE BY CAMPUS.

SO TO HELP FOLKS UNDERSTAND GENERALLY THE COST OF GOING TO OUR CAMPUSES.

THAT, OF COURSE, ASSUMES ON CAMPUS HOUSING.

THEN WE GET INTO SOME SPECIFIC INFORMATION ABOUT AFFORDABILITY AND STUDENT FINANCIAL AID.

YOU SAW THE CHART ON THE RIGHT.

THIS CHART IS REALLY INTERESTING.

[02:35:03]

IT SHOWS THAT AND IT SHOWS THAT MORE THAN HALF THE AMOUNT OF STUDENT FINANCIAL AID GOING TOWARDS STUDENT GOING TO CU STUDENTS IS ACTUALLY FROM CU GRANTS AND SCHOLARSHIPS.

OUT-OF-POCKET COSTS.

WE'VE SEEN THIS METRIC FOR SEVERAL YEARS NOW, BUT IT TOOK US QUITE A WHILE TO DEVELOP IT, AND I'M SURE THAT REGENT GANAHL REMEMBERS ALL OF THAT PROCESS WELL.

BUT WE, WHAT THIS SHOWS IS, IS WHAT THE OUT-OF-POCKET COSTS ARE FOR.

SO IT'S ESSENTIALLY THE COST OF ATTENDANCE MINUS AVERAGE AID AND ONLY SCHOLARSHIPS, MINUS AVERAGE AID FOR STUDENTS IN VARIOUS INCOME GROUPS OVER TIME.

AND SO IT'S NOTE WHAT'S THE GOOD NEWS IS THAT THE DARKER BARS ARE SHORTER THAN THE LIGHT BARS.

THAT MEANS THAT THE OUT-OF-POCKET COSTS ARE GOING DOWN FOR IN MANY FOR MANY OF OUR STUDENTS OVER TIME.

AND WE CAN LOOK AT THIS ACROSS CAMPUSES.

SO WE'LL ALSO HAVE WE ALSO HAVE IT AT THE BOTTOM, SOME GREAT RESOURCES ON THE CAMPUS WEBSITES REGARDING FINANCIAL AID, SO PEOPLE CAN GO AND GET MORE DETAILED INFORMATION.

FROM THOSE FROM THOSE RESOURCES.

THEN AT THE SYSTEM TAB WE ARE WE ARE GOING WE'RE ACTIVATING THE COST ESTIMATOR THAT YOU ALL HAVE SEEN BEFORE.

AND THIS ALLOWS AN INDIVIDUAL TO TRY TO GET A BETTER IDEA OF WHAT A DEGREE WILL COST FOR FOR THEM IF THEY GO TO ONE OF OUR CAMPUSES.

AND REGENT KROLL AND MR. CHAIRMAN, WOULD YOU LIKE ME TO FILL US IN FOR ONE OF YOU OR SHOULD WE JUST MOVE ON? I THINK IT'S PRETTY COOL.

I DON'T KNOW.

WHAT DO YOU THINK, GLEN? GO AHEAD.

ALL RIGHT, WELL, LET'S DO LET'S DO THE UCCS CAMPUS.

AND LET'S DO A WORKING ADULT THIS TIME AND FAMILY HOUSEHOLD INCOME, LET'S SAY THIRTY TWO TO FIFTY NINE.

AND YEAR TO DEGREE, I WOULD SAY, YEAH, THAT ONE.

SO THE ANNUAL COST.

FOR THAT INDIVIDUAL BEFORE LOANS WOULD BE FOUR HUNDRED EIGHTY TWO DOLLARS A MONTH.

AND THEN REGENT KROLL, IF THAT PERSON WERE TO TAKE OUT A LOAN YOU WANT THEM TO OR NOT.

YEAH, LET'S WHAT ARE OUR OPTIONS? WELL, THAT'S OVER.

THAT'S FOR ALL FOUR YEARS.

RIGHT.

SO LET'S JUST DO THE CU AVERAGE.

SO WITH THAT WITH THAT BEING SAID, THAT INDIVIDUAL WILL BE PAYING ABOUT ONE HUNDRED AND TWO DOLLARS A MONTH AND THEN UPON GRADUATION THEY WOULD OWE TWO HUNDRED AND NINETY DOLLARS A MONTH FOR THEIR STUDENT LOAN AND THAT'D BE A MONTHLY PAYMENT FOR 10 YEARS.

AND SO WE HAVE THIS RESOURCE, SO WE'LL MAKE THIS RESOURCE AVAILABLE TO THE PUBLIC AND IT GIVES US A GENERAL IDEA OF THE COSTS FOR REAL, FOR A REAL IDEA THAT WE NEED TO GO TO THE CAMPUS WEB SITES AND THEN THEY'LL GET A MORE PRECISE IDEA FOR THEMSELVES.

I THINK THAT WAS REALLY THAT'S COOL.

THAT'S A GREAT [INAUDIBLE].

SO THANKS TO MY TEAM, WHO DOES AN AWESOME JOB AS I ALWAYS TELL EVERYBODY, BUT THANKS TO THEM AND FOR ALL THEIR WORK ON EVERYTHING YOU JUST SAW.

AND WE DIDN'T EVEN THROW IN THAT THAT WORKING ADULT COULD HAVE HAD SOME TRANSFER CREDIT.

WE DIDN'T EVEN DO THAT.

WE SHOULD HAVE DONE THAT.

SO ANY GENERAL QUESTIONS ABOUT FINANCIAL AID THAT WE COULD ANSWER OR? OR STUDENT DEBT AT THIS POINT? I THINK ONLY A COUPLE OF THINGS.

ONE, WHEN YOU WHEN YOU SAID THAT HALF OF A DEGREE FROM FOR CU IS PAID FOR WITH SCHOLARSHIP MONEY, WHATEVER IS THAT ON ALL CAMPUSES OR JUST ONE? SO IT VARIES DRAMATICALLY BY INCOME GROUP.

AND SO WHAT WE'RE SHOWING IS THE COST OF ATTENDANCE, MINUS THE AVERAGE SCHOLARSHIP AWARD TO COME UP WITH THAT OUT-OF-POCKET COSTS.

AND AS YOU CAN SEE FROM THAT SLIDE, BECAUSE THAT THOSE AVERAGE AMOUNTS VARY SO

[02:40:03]

DRAMATICALLY BY INCOME GROUP, THE OUT-OF-POCKET COSTS VARY DRAMATICALLY BY INCOME.

AND THEN I THINK IT'S INTERESTING TO KNOW THAT WE NEED SOME WORK AND ATTENTION ON GRADUATION RATES.

AND RETENTION RATES, I DON'T THINK THAT THAT'S.

ANY SECRET AND THAT WAS SHOWN IN THERE, IF PEOPLE KNEW WHERE TO LOOK.

I THINK THAT'S IMPORTANT.

AND WE HAVE MORE DETAILED INFORMATION ON THAT.

IN THE CU METRICS, AS YOU ALL KNOW, THAT'S BEEN A MAJOR FOCUS OF THE PRESIDENT AND CHANCELLORS.

AND SO WE HAVE WE HAVE GOOD DETAILED INFORMATION ON THAT AND BY ETHNICITY AS WELL.

AND THEN THE LAST THING IS THAT INDICATOR THAT JACK RAN THROUGH, THAT YOU CAN PLUG IN ALL OF YOUR SPECIFICS AND EVERYTHING ELSE AND WHAT YOU WOULD WHAT YOUR LOAN WOULD BE AND FOR HOW LONG AND WHAT YOUR COSTS WOULD BE.

I THINK ONE LAST TEST THAT WE NEED TO DO IS THOSE ARE THOSE ARE COSTS THAT COME OUT BASED ON WHAT YOU PLUG IN.

BUT THOSE ARE THOSE ARE AFFORDABLE FOR OUR STUDENTS AND FAMILIES BEING THE FACT THAT WE CAN GET THOSE AND KNOW WHAT THEY ARE.

I DON'T THINK THAT I WOULD HAVE ANY PROBLEM PAYING THOSE.

BUT WHAT ABOUT THE AVERAGE FAMILY? HAVE WE DONE THAT DOUBLE CHECK YET TO FIND OUT AS WE GET THOSE NUMBERS IS FOR A FAMILY? AND MR. CHAIRMAN, SO THAT'S A THAT'S A GREAT QUESTION AND.

AND WHAT I WHAT WHAT I FOUND OVER THE LAST, YOU KNOW, OVER THE YEARS IS I'VE GONE OUT AND ABOUT TALKING ABOUT AFFORDABILITY AND TALKING ABOUT THE COSTS, THAT AFFORDABILITY IS A VERY PERSONAL DECISION.

AND SO I BECAME UNCOMFORTABLE TALKING ABOUT WHAT, TELLING PEOPLE WHAT'S AFFORDABLE FOR THEM, BECAUSE WHO AM I TO TELL THEM WHAT'S AFFORDABLE FOR THEM? AND SO WHAT WE'VE DONE, THAT'S THE REASON WE CREATED THIS TOOL SO THAT THEY CAN THEY CAN LOOK AT THE AT THE COST AND THEY CAN DETERMINE IF IT'S AFFORDABLE FOR THEMSELVES.

SO INSTEAD OF A MACRO APPROACH TO AFFORDABILITY, THIS IS MUCH MORE OF A MICRO APPROACH AND PUTTING IT IN THE HANDS OF OUR OF OUR STUDENTS AND THEIR FAMILIES TO MAKE THAT DECISION.

WELL, I COULDN'T AGREE WITH YOU MORE, ALTHOUGH WE'RE EITHER AFFORDABLE OR WE'RE NOT.

AND I THINK THAT'S WHAT I'M ASKING.

WE COULD THINK WE ARE EVERY DAY OF THE WEEK, BUT IF THE AVERAGE FAMILY OUT THERE DOESN'T, WHETHER THEY WILL DECIDE WHAT'S AFFORDABLE FOR THEM OR NOT.

I THINK YOU SAW IN PRESENTATIONS TODAY THAT WE'RE GOING TO ALL BE FIGHTING FOR A GROUP OF STUDENTS AND NOT ALL OF THEM ARE GOING TO BE THE STUDENTS THAT WE'VE HAD AT THE UNIVERSITY OF COLORADO OVER THE LAST 10 YEARS.

AND YEAH THAT'S A REALLY GOOD POINT.

AND AS WE TALK ABOUT AFFORDABILITY, IT'S ALSO REALLY IMPORTANT TO TALK ABOUT VALUE AND WHAT MAKES THE CU DEGREE WORTH IT.

AND SO WE'RE TRYING TO PUT ALL THAT INFORMATION TOGETHER INTO ONE RESOURCE SO THAT HOPEFULLY PEOPLE CAN ANSWER THAT QUESTION FOR THEMSELVES.

BUT VALUE IS ONLY IMPORTANT IF YOU CAN AFFORD IT, IF YOU CAN AFFORD TO GO.

RIGHT? AND THAT'S WHEN YOU START VALUE IS IF YOU CAN PAY TUITION AND FEES.

RIGHT.

WE CAN MOVE ON.

OK, WELL, THANK YOU FOR THOSE QUESTIONS.

ANY OTHER QUESTIONS FROM FOLKS? TODD, I JUST WANT TO KNOW WHAT THAT COOL PICTURE IS BEHIND YOU.

IT'S LIKE YOU'RE BEING PHOTO BOMBED BY YOURSELF.

SO THAT'S MY THAT'S SO IN THEIR SENIOR YEARS, MY KIDS PAINT SELF PORTRAITS IN THEIR ART CLASS AT SCHOOL.

AND SO MY DAUGHTER IS WORKING ON HERS RIGHT NOW BECAUSE SHE'S A SHE'S A SENIOR THIS YEAR.

PRETTY AWESOME.

ANY OTHER? I LIKE THAT QUESTION, ANY OTHER QUESTIONS? I GOT A QUICK QUESTION AND.

YOU OR MAYBE JACK BEING IN ADMISSIONS, SO WHEN A STUDENT IS TRYING TO DECIDE AND THE FAMILY IS TRYING TO DECIDE WHETHER OR NOT TO GO TO CU, YOU KNOW, I KNOW I'VE TALKED TO STUDENTS THAT, YOU KNOW, I SAY, YOU KNOW, IF YOU'RE GOING TO GET AN ENGINEERING DEGREE, YOU'RE GOING TO HAVE.

A GOOD INCOME WHEN YOU GRADUATE, IT COULD VERY WELL BE WORTHWHILE TAKING OUT A LOAN TO GET THROUGH IN FOUR YEARS.

ARE THERE PEOPLE AND THAT'S PART OF THIS VALUE, JUST TRYING TO FIGURE THAT ALL OUT.

AND ESPECIALLY IF YOU'RE FIRST GENERATION, YOU HAVE NO CLUE.

SO ARE THERE PEOPLE THAT ARE ADVISING ON THAT SORT OF THING?

[02:45:04]

FINANCIAL LITERACY LIKE THAT IS ONE OF THE BIG THAT IS A BIG FOCUS FOR OUR CAMPUSES.

AND MAYBE JENNIFER, DO YOU WANT TO TALK A LITTLE BIT ABOUT, FOR EXAMPLE, WHAT DENVER DOES IN THAT AREA? HAPPY TO AND CERTAINLY CHANCELLOR MARKS CAN TOO, BUT FROM A FROM A FINANCIAL LITERACY PERSPECTIVE, WE'RE ACTUALLY WORKING WITH OUR STUDENTS EVEN BEFORE THEY ARRIVE ON CAMPUS TO WORK WITH THEM, EVEN AS THEY'RE APPLYING WITH WHAT THEIR FINANCIAL AID PACKAGE WILL BE AS WELL AS WHAT.

WHAT MAKES SENSE FOR THEM TO BE ABLE FOR THEIR INDIVIDUAL FAMILIES, FOR THEM TO BE ABLE TO TAKE ON LOANS OR NOT? WE TALK A LOT TO THEM ALSO ABOUT THE AFFORDABILITY METRICS THAT TODD WAS BRINGING UP OF TO BRING IN CONCURRENT ENROLLMENT CREDITS OR TO BRING IN TRANSFER CREDITS OR PRIOR LEARNING ASSESSMENT ABILITIES.

THAT BRINGS DOWN THE OVERALL COST OF THE OF THEIR ENTIRE EDUCATION AND MAKES IT FASTER.

AND SO WE TALK TO THEM A LOT ABOUT HOW DO WE HAVE MOVED FROM A SIX YEAR VISION OF THEIR DEGREE TO A FOUR YEAR VISION BECAUSE OF THE OPPORTUNITY COSTS THAT COME WITH THOSE EXTRA YEARS THAT THEY WOULD BE SPENDING IN THE AT THE UNIVERSITY.

AND SO THERE'S A LOT OF COUNSELING THAT GOES ON IN ADVANCE TO HELP THEM MAKE THOSE RIGHT DECISIONS.

BUT BACK TO WHAT TODD WAS SAYING EARLIER, IT'S EACH FAMILY HAS TO MAKE THEIR OWN DECISION FOR WHAT'S RIGHT FOR THEM.

AND SOMETIMES IT IS NECESSARY TO SLOW THINGS DOWN BECAUSE THEY HAVE FAMILY, BECAUSE THEY'RE TAKING CARE OF CHILDREN, BECAUSE THEY HAVE OTHER ACTIVITIES IN THEIR LIVES, JOBS OR OTHERS THAT KEEP THEM FROM BEING ABLE TO GO FULL TIME.

SO IT ENDS UP BEING AN INDIVIDUAL DECISION, BUT WE'RE HELPING THEM UNDERSTAND THE ENTIRE CONTEXT SO THAT THEY CAN MAKE THE RIGHT DECISION FOR THEMSELVES AND THEIR FAMILIES.

ANY OTHER QUESTIONS? ALL RIGHT.

REGENT KROLL, SHOULD WE MOVE ON TO THE [INAUDIBLE]? TODD, WE NEED TO, WE NEED TO MOVE QUICKLY HERE.

AND LET ME JUST GET THE RIGHT PRESENTATION ON THE SCREEN.

HAPPY TO.

AND.

THIS IS TOO WILL, OF COURSE, BE IN ON OUR WEBSITE.

SO THIS IS THE CONVERSATION ABOUT ARE WE HAVE EACH NOVEMBER ABOUT OUR UNRESTRICTED NET POSITION, WHAT THIS BUT IT LOOKS AT IT FOR THE PRIOR FISCAL YEAR, SO GOES THROUGH JUNE 30TH.

THAT DOES NOT PICK UP A LOT OF WHAT'S HAPPENED BEEN HAPPENING SINCE THEN AND THE IMPACTS OF COVID.

SO I'VE ADDED SOME INFORMATION TO THIS REPORT TO TRY TO GIVE YOU A BETTER IDEA OF WHAT'S HAPPENING WITH WITH THE RESERVES RELATIVE TO COVID AND HOW THEY ARE AND HOW THEY'RE BEING USED.

SO I'M GOING TO SPEND A LITTLE BIT OF TIME ON THAT.

FIRST, JUST TO JUST REMIND EVERYBODY, WE STARTED THIS PROCESS, THIS PRESENTATION A FEW, SEVERAL YEARS AGO NOW AND THEN WE PRESENT ANNUALLY JUST TO IMPROVE TRANSPARENCY ABOUT OUR FINANCIAL POSITION.

AND AS WE ALL KNOW, THAT MAINTAINING UNRESTRICTED OR UNRESTRICTING THAT POSITION IS CRITICAL TO MAINTAINING OUR CREDIT RATING AS WELL.

AND IT WAS CRITICAL TO US ACTUALLY GETTING A BUMP ON CREDIT RATING A COUPLE OF YEARS AGO.

SO, AS YOU ALL KNOW, WE'VE BEEN YOU WE'VE BEEN WORKING TO BUILD UP EMERGENCY TUITION STABILIZATION RESERVES, AND THIS IS THE FOUR PERCENT RESERVE CONVERSATION THAT THAT REGENT CARSON REALLY GOT GOING WITH THE BOARD.

BUT I KNOW THE ENTIRE BOARD WAS VERY SUPPORTIVE.

AND SO WE THAT WAS GOOD TIMING.

SO WE SO HERE YOU CAN SEE EACH CAMPUS HAS A GOAL OF A FOUR PERCENT TUITION STABILIZATION RESERVE, WHICH IS FOUR PERCENT OF EACH CAMPUSES OPERATIONAL EXPENDITURE BUDGET.

THE WHITE BAR SHOWS YOU WHERE EACH CAMPUS WAS IN FY 19 20.

AND THEN THE BLUE BAR SHOWS YOU WHERE WE WHERE WE THINK WE WILL BE BY THE END OF THE CURRENT FISCAL YEAR.

SO YOU CAN SEE THAT THE RESERVES HAVE BEEN SPENT DOWN SUBSTANTIALLY IN RESPONSE TO THE ECONOMIC DOWNTURN.

WHILE THERE ARE SOME LEFT THAT COULD EASILY BE SPENT DOWN DEPENDING ON WHAT HAPPENS FOR THE REST OF THE FISCAL YEAR, WE'RE NOT EVEN HALFWAY THROUGH THE FISCAL YEAR YET.

SO TO PUT THAT IN CONTEXT, HOW IS THIS MONEY SPENT TO HELP BALANCE THE BUDGET, WE'VE PUT TOGETHER THESE SLIDES FOR EACH CAMPUS.

SO WHAT THIS SHOWS ON THIS SLIDE IS THE NEGATIVE REVENUE IMPACT WE'VE

[02:50:04]

EXPERIENCED IN SOME MAJOR AREAS ON EACH CAMPUS.

THIS DOESN'T CAPTURE EVERYTHING, BUT IT CAPTURES THE BIG ONES.

SO HERE AT CU BOULDER, YOU CAN SEE THAT WHEN WE CHOSE TO KEEP TUITION FLAT, THAT HAD A SEVEN POINT SIX DOLLARS MILLION OF REVENUE AVOIDANCE FORESEEABLE OR THAT MONEY WAS NEEDED TO COVER MANDATORY COST INCREASES ON THE CAMPUS, UTILITIES, THINGS LIKE THAT.

BUT IT DIDN'T THE MONEY DIDN'T COME IN THE DOOR, BUT THE EXPENSES DID.

AND SO THAT CREATED A CHALLENGE.

AND THEN, OF COURSE, WE KNOW THAT ENROLLMENT TURNED DOWN A BIT.

AND SO THAT COSTS CU BOULDER THIRTY TWO MILLION DOLLARS.

WE ALSO ARE VERY AWARE THAT THE STATE IMPLEMENTED BUDGET CUTS, CU BOULDER'S SHARE OF THE STATE BUDGET CUT WAS FIFTY TWO POINT NINE DOLLARS MILLION.

SO THAT WAS KIND OF OUR REVENUE GAP.

HOW DO WE DEAL WITH IT? SO THIRTY POINT FIVE MILLION DOLLARS OF THE OTHER CARES ACT RELIEF FUNDS FROM THE FEDERAL GOVERNMENT WERE APPLIED TOWARD THOSE TYPES OF EXPENSES.

WE THEN WE DIPPED INTO THE RESERVE THAT I JUST SHOWED YOU, ABOUT TWENTY FOUR MILLION DOLLARS AND HERE YOU HAVE THE CAMPUS IMPLEMENTING 38 MILLION DOLLARS OF BUDGET CUTS.

AND SO WHAT YOU SEE AND YOU SEE SO SHOWING YOU THAT TWENTY FOUR MILLION DOLLARS IN RESERVES, THAT SHOWS UP RIGHT HERE.

SO YOU CAN SEE THAT THE CAMPUS WAS AT THIRTY THREE POINT EIGHT MILLION.

THEY SPENT DOWN TWENTY FOUR AND THEY'RE NOW AT NINE POINT EIGHT.

AND THAT AND THAT LEAVES THEM WITH THE ONE PERCENT RESERVE.

AND THAT COULD EASILY BE SPENT DOWN TO ZERO BY THE END OF FISCAL YEAR, DEPENDING ON WHAT HAPPENS.

SO WE PROVIDED THIS INFORMATION FOR EACH CAMPUS AND HERE AT UCCS, YOU SEE THE RESERVE SPEND DOWN SPEND DOWN THERE, WHICH IT TAKES UCCS TO A BALANCE OF ONE POINT FOUR PERCENT.

AT DENVER.

THERE'S THE EIGHT MILLION SPENT DOWN ON THE RESERVE, WHICH TAKES THEM TO ONE PERCENT.

ANSCHUTZ AT THE SIX POINT TWO MILLION DOLLARS SPENT DOWN, WHICH TAKES THEM TO ONE POINT FIVE PERCENT.

SO THAT DOESN'T.

SO NONE OF THAT NONE OF WHAT YOU JUST SAW IS GOING TO BE REFLECTED IN THE UNRESTRICTIVE DEPOSITION REPORT BECAUSE THAT ALL HAPPENED AFTER, YOU KNOW, THAT ALL HAPPENED IN THE CURRENT FISCAL YEAR.

BUT I WANTED YOU ALL TO SEE, BECAUSE I KNOW THERE ARE LOTS OF QUESTIONS ABOUT HOW RESERVES ARE BEING USED TO HELP DEAL WITH THE ECONOMIC DOWNTURN AND THE REVENUE SHORTFALL.

SO WE WANTED TO SHARE THAT INFORMATION WITH YOU.

HEY TODD, CAN I ASK A QUESTION? SURE.

SO HOW DO YOU GUYS GO ABOUT DECIDING WHEN AND HOW MUCH TO TAP INTO THE RESERVES? BECAUSE FROM A REGENT PERSPECTIVE, SINCE FOUR YEARS AGO, WHEN I FIRST STARTED AND WE WERE HAVING THESE CONVERSATIONS ABOUT THE RESERVES, IT WAS REALLY THE INTENTION OR I RECALL THE INTENTION BEING TO KEEP TUITION AS LOW AS POSSIBLE AND SO THAT WE WOULDN'T HAVE TO RAISE TUITION THROUGH ECONOMIC RECESSION.

SO WHAT LOGIC GOES INTO DRAINING THE RESERVES RATHER THAN MAKING CUTS TO THE BUDGET LIKE EXPENSES? SO THAT'S THAT'S EXACTLY WHY THEY'RE USED, IS TO TRY TO AVOID PUTTING PRESSURE ON STUDENTS.

SO AS YOU CAN SEE, YOU KNOW, SO THIS IS A GOOD EXAMPLE.

SO, YOU KNOW, WHEN YOU LOOK AT THE TUITION REVENUE IMPACT HERE, WHICH IS ACTUALLY MORE THAN THEY TOOK OUT OF THE RESERVE.

BUT BECAUSE THE CAMPUS TOOK MONEY OUT OF THE RESERVE, IT ALLOWED THEM TO ABSORB SOME OF THAT NEGATIVE TUITION REVENUE IMPACT.

AND SO THAT WAS.

SO THAT'S EXACTLY.

[INAUDIBLE] DO YOU GUYS EVER TALK ABOUT INSTEAD OF INSTEAD OF POTENTIALLY RAISING TUITION OR USING IT TO OFFSET TUITION, REDUCING ACTUAL EXPENSES, IF THERE'S FEWER STUDENTS TO SERVE OR IF THERE'S FEWER EXPENSES IN SOME OTHER AREAS, CUTTING THOSE LIKE A TRADITIONAL, LIKE AS A CEO, I HAVE TO LOOK AT THE WHOLE ACROSS THE BOARD AND I CAN'T NECESSARILY JUST SAY I'M GOING TO KEEP MY CUSTOMERS COSTS THE SAME IF OUR REVENUE GOES DOWN OR UP FOR.

AND SO, AS WE HEARD EARLIER TODAY FROM THE FACULTY AND STAFF REPS, WE ABSOLUTELY CUT EXPENSES.

AND THE AND THE BIGGEST THE BIGGEST IMPACT, OF COURSE, WAS THE FURLOUGHS.

AND SO CU IMPLEMENTED FURLOUGHS THAT WERE ACTUALLY YOU KNOW, I'M NOT I'M NOT CERTAIN ABOUT THIS, BUT IF THEY WEREN'T THE MOST AND THEY WERE ONE OF THE MOST AGGRESSIVE FURLOUGH APPROACHES IN THE STATE.

[02:55:03]

AND SO AND WHAT THAT MEANT WAS THAT GENERALLY OFFICERS TOOK A 10 PERCENT PAY CUT AND THEN INDIVIDUALS AT MOST OF THE CAMPUSES THAT EARNED OVER SIXTY THOUSAND DOLLARS A YEAR TOOK A FIVE PERCENT PAY CUT THERE AT CU DENVER.

THERE WAS A SLIDING SCALE.

SO SOME PEOPLE TOOK MORE OF A PAY CUT THROUGH FURLOUGHS.

AND THEN AND THEN PEOPLE UNDER 60 THOUSAND DOLLARS WERE EXEMPTED FROM THAT.

I GUESS WHEN I'M ASKING, I MEAN, THERE'S ALSO A LOT OF EXPENSES THAT ARE RISING.

LIKE WE'RE HIRING SEVERAL KEY HIGH LEVEL ADMINISTRATORS RIGHT NOW AND WE'RE STILL BUILDING A LOT OF BUILDINGS AND INVESTING IN TECHNOLOGY.

SO WHO IS IT YOU AND THE CFOS THAT ARE MAKING THOSE DECISIONS, OR IS IT PRESIDENT KENNEDY OR WHO IS ACTUALLY MAKING THOSE DECISIONS SINCE WE AREN'T REALLY IN THE KNOW ABOUT THAT? SO WHEN WE WHEN WE WERE APPROACHING THE BUDGET, THE BUDGET VOTE OVER THE, WHEN WE WERE MEETING VERY FREQUENTLY, AS YOU REMEMBER, AND WE WERE APPROACHING THAT, WE WERE KEEPING THE BOARD POSTED ON HOW WE THOUGHT WE WOULD BALANCE THE BUDGET IF REVENUES CAME IN LOWER, SO WE DID.

THREE DIFFERENT SCENARIOS.

AND FOR EACH CAMPUS, I THINK WE DID A FIVE, 10 AND 20 PERCENT REVENUE SCENARIO FOR EACH CAMPUS, REVENUE REDUCTION SCENARIO FOR EACH CAMPUS.

YEAH, I JUST REMEMBER IT REALLY VAGUE, I GUESS.

I MEAN, IT'S IN BIG BUCKETS, LIKE WHO IS ACTUALLY MAKING THE DECISION? WE CAN HAVE AN OFFSHOOT CONVERSATION ABOUT THIS, ABOUT LIKE HOW WHAT THE ACTUAL DECISION MAKING TREE IS FOR.

HEY, LET'S TAP INTO RESERVES NOW OR LET'S FURLOUGH EMPLOYEES INSTEAD OF STOPPING BUILDING BUILDINGS OR STOPPING HIRING MORE ADMINISTRATORS OR WHATEVER IT IS LIKE.

I GUESS I'M I'D JUST LIKE TO UNDERSTAND MORE ABOUT THAT, BUT WE CAN TAKE IT OFF.

AND TODD, I HAVE A QUESTION, TOO.

SO TO HEIDI'S POINT IN TALKING ABOUT BUILDING NEW BUILDINGS AND WE'RE HIRING NEW ADMINISTRATORS AND SO ON.

SO AS FAR AS NEW BUILDINGS, I HAVEN'T HEARD ANYTHING RECENTLY ABOUT NEW BUILDINGS.

SO CAN YOU TELL ME WHAT NEW BUILDINGS ARE ONLINE RIGHT NOW WITH WHAT WE'RE GOING THROUGH DURING THIS COVID CRISIS? ARE THERE NEW BUILDINGS PROJECTED TO BE BUILT IN THE NEXT YEAR? THE ONLY NEW BUILDING THAT IS UNDERWAY RIGHT NOW AND WILL HOPEFULLY BE COMPLETE SOON IS THE CU ANSCHUTZ BUILDING THAT'S BEEN UNDERWAY FOR, TERRY HOW LONG, THREE YEARS, TWO, FOUR YEARS? BUT THAT'S ONE THAT'S CURRENTLY UNDER CONSTRUCTION.

I GUESS WHAT I'D LIKE TO KNOW IS WHAT'S ONLINE COMING UP? THERE'S.

IF I COULD JUST JUMP IN HERE, YOU CAN JOIN US AT THE NEXT FINANCE COMMITTEE.

SO WE TALK THROUGH ALL THESE AT THE FINANCE COMMITTEE.

OK, BUT I'M ASKING THE QUESTION AT THE PUBLIC BOARD OF REGENTS MEETING BECAUSE I'M NOT IN THE FINANCE COMMITTEE.

SO IF I COULD JUST GET AN ANSWER, I'D APPRECIATE THAT.

SURE.

THERE'S ONE ONE NEW BUILDING ON THE ON THE DRAWING BOARD RIGHT NOW THAT'S GOING THROUGH THE PROCESS.

AND IT'S BEEN IN IT'S BEEN SUPPORTED WITH CU FOUNDATION AND PRIVATE GIFTS.

AND THAT'S AN ENGINEERING BUILDING ANNEX AT UCCS.

SO THAT'S NOT COMING OUT OF THE UNIVERSITY'S GENERAL FUND? NO.

NO.

OK, SO ARE THERE ANY NEW BUILDINGS BEING PROJECTED IN THE NEXT YEAR WITH FUNDING COMING OUT OF THE GENERAL FUND OF THE UNIVERSITY? NO, THERE AREN'T.

FIXING UP A LOT, WHICH WE NEED TO DO.

WE'RE PUTTING INVESTING A LOT OF MONEY INTO FIXING UP BUILDINGS.

WE'RE MAINTAINING A LOT OF BUILDINGS.

WE'RE EXPENDING A LOT OF MONEY INTO OUR INFRASTRUCTURE, WHICH HAS TO HAPPEN.

BUT I'M MORE ASKING QUESTIONS ABOUT HOW ARE THOSE LEVERS PULLED, LIKE WHO'S MAKING THOSE DECISIONS AND WHO'S LOOKING OVER, YOU KNOW? RIGHT.

BUT I GUESS I GOT A LITTLE CONFUSED BECAUSE I HEARD YOU SAY NEW BUILDINGS.

COULD WE MAKE CUTS? THE FINANCE COMMITTEE.

[INAUDIBLE] AND OF COURSE, WE WANT TO MAKE SURE THAT THE PUBLIC IS CLEAR ON THIS AS WELL.

LET ME JUST SAY TODD, ON THE SLIDE, YOU JUST LET AS YOU SHOWED IN BOULDER, THERE IS THIRTY EIGHT MILLION DOLLARS OF EXPENSE CUTS.

THAT'S JUST BOULDER'S PIECE OF IT.

AND IF YOU WENT TO THE OTHERS, THERE IS EXPENSE CUTS DONE IN TERMS OF HOW IT'S DONE.

IF WE IF WE HAVE A BUDGET REDUCTION THAT NEEDS TO HAPPEN, WE ADVISE THE CAMPUSES, AS WE DID THE FIVE, 10 AND 20 PERCENT BUDGETS THAT THEY WORK ON DOWN TO THE DEPARTMENT LEVEL.

THOSE DECISIONS ARE NOT ARE MADE AT THE DEPARTMENT LEVEL, THE BROAD SWEEP OF

[03:00:02]

WHAT WE NEED TO CUT AND AS TO WHETHER OR NOT THAT DEPARTMENT IS GOING TO HAVE TO CUT PEOPLE OR WHETHER TO HAVE RESERVES.

AND THOSE ARE DECISIONS MADE AT THE DEPARTMENT LEVEL.

THERE'S A LOT OF NEW BUILDINGS GOING ON.

AND AS RELATES TO OUR DEFERRED MAINTENANCE, WHEN WE'RE THE COUPLE BILLION AND A HALF BEHIND THE IDEA THAT WE'RE WAITING FURTHER, SOONER OR LATER, THOSE MAINTENANCE REQUIRES MORE.

WHEN THE LEAKING ROOF LEAKS, IT COST YOU MORE TO PUT IT BACK TOGETHER AGAIN AND AGAIN AS WE'RE COMPETING AGAINST ONLINE THE IDEA THAT SOMEHOW THERE'S A MAGICAL, MYSTICAL, LET'S KEEP DEFERRING OUR MAINTENANCE EVEN MORE THAN WE ALREADY HAVE IS IS NOT, IN MY MIND, A RESPONSIBLE PATH TO GO ON.

SO WE'RE NOT BUILDING A LOT OF NEW BUILDINGS.

WE'RE WAY BEHIND ON DEFER ON DEALING WITH OUR DEFERRED MAINTENANCE.

WE HAVE NOT HAD ANY NET INCREASE IN STAFFING AT THE SYSTEM LEVEL IN THOSE THAT WE ARE HIRING ARE GOING TO ULTIMATELY SAVE US MONEY IN THE FUTURE.

THE INVESTMENTS WE ARE MAKING ARE BEING MADE WITHOUT INCREASING TUITION.

AND AS TODD WENT THROUGH THE FINANCIAL AID JUST LAST YEAR, FOR EXAMPLE, WE HAD ZERO PERCENT TUITION INCREASE, BUT SIX PERCENT INCREASE IN FINANCIAL AID.

THEREFORE, THE NET REVENUE THAT WE'RE BRINGING FROM THE STUDENTS IS GOING DOWN.

AND AS I SHOWED YOU EARLIER, WE'RE APPROACHING OUR SEVENTH YEAR OF BEING LESS COSTLY OUT-OF-POCKET COSTS IN REAL TERMS THAN WE WERE SEVEN YEARS AGO BY SOME MARGIN.

SO THE FACT THAT WE'RE ABLE TO SCROUNGE IN ORDER TO INVEST, TO MAKE THE FUTURE BRIGHTER FOR OUR ABILITY TO CONTINUE THAT DELIVERING VERY AFFORDABLE IS WHAT WE'RE DOING.

THERE ARE SOME AT THE BROAD STROKES OF THE SYSTEM LEVEL, SOME AT THE CAMPUS LEVEL AND SOME AT THE DEPARTMENT LEVEL AS IT NECESSARILY NEEDS TO BE DONE.

BUT CUTS HAVE BEEN MADE AND WE'LL BE NEEDING TO MAKE MORE CUTS BECAUSE EVEN THE IDEA OF FURLOUGHS IS A TEMPORARY BUFFER.

BEFORE YOU GIVE YOU TIME TO THINK ABOUT WHAT STRUCTURAL CHANGES YOU NEED TO MAKE IN ORDER TO GET THERE.

AND I THINK A LOT OF THE INVESTMENTS WE'RE MAKING ARE GOING TO SAVE US EFFICIENCIES IN THE FUTURE AND CONTINUE TO ALLOW US THE VERY COMMENDABLE SEVEN YEAR RECORD THAT THIS UNIVERSITY HAS HAD IN AN INCREASINGLY AFFORDABLE EACH AND EVERY YEAR.

I JUST YOU KNOW, I'D LIKE TO ADD TO THAT THERE WAS A TIME WHERE I CHAIRED THE CAPITOL CONSTRUCTION COMMITTEE.

WE DON'T HAVE THAT COMMITTEE ANY LONGER, BUT AT THE TIME IT WAS DEFERRED.

MAINTENANCE HAS ALWAYS BEEN AN ISSUE THAT'S THAT'S COME UP.

AND AT THE TIME, I REMEMBER HEARING ABOUT HOW BECAUSE OF THE BACKLOG OF DEFERRED MAINTENANCE BUILDINGS THAT HAD BEEN LET GO FOR YEARS AND YEARS AND YEARS HAD GOTTEN TO A POINT WHERE IT WAS MORE COSTLY TO REPAIR THEM AND RENOVATE THEM THAN IT WAS TO JUST TEAR THEM DOWN, SCRAP THEM AND START OVER WITH A NEW BUILDING, AND ONLY BECAUSE OF THE DELAY IN IN THAT MAINTENANCE HAD GONE ON FOR SO LONG.

SO I'M WORRIED ABOUT THAT NOW DURING THIS PERIOD OF TIME.

AND I DON'T MEAN JUST DURING THAT TIME, BUT WHEN WE'VE HAD BUDGET REDUCTIONS AND CUTS, ARE WE ARE WE SO BACKLOGGED IN DEFERRED MAINTENANCE THAT WE'RE GOING TO END UP AT SOME POINT HAVING TO SCRAPE BUILDINGS AND BUILD NEW BUILDINGS BECAUSE WE NEGLECTED WHAT WE HAVE.

WE'LL SEE, WE'RE HAVING THESE CONVERSATIONS IN THE FINANCE COMMITTEE MEETING, AND TODD AND I JUST HAD IT ABOUT BONDS AND OTHER OPTIONS TO DEAL WITH THE DEFERRED MAINTENANCE.

BUT AGAIN, I WAS MORE ASKING ABOUT THE DECISION MAKING.

AND MARK, YOU KIND OF ADDRESS THAT WITH THE DEPARTMENT LEVEL UPWARDS BUT.

I'M JUST ASKING ABOUT BUILDINGS, JUST TRYING TO CLARIFY THE POINT THAT YOU'RE MAKING ABOUT BUILDING NEW BUILDINGS AND ADMINISTRATIVE COSTS.

AND JUST BECAUSE I WANT TO BE CLEAR, I'M NOT IN THE BUDGET AND FINANCE COMMITTEE.

SO THE REPORTS I GET ARE FROM TODD SALIMAN.

AND I HAD NOT BEEN HEARING FROM TODD ABOUT NEW BUILDINGS THAT WERE ONLINE.

AND SO I JUST WANT TO MAKE SURE THAT I'M CLEAR ON THAT, AS WELL AS PEOPLE WHO ARE LISTENING THROUGH THE LIVE STREAM.

I WANT TO JUMP IN HERE, GLEN.

DO WE GET A.

WE GOT TO GET A TIME CHECK HERE, GLEN.

HOW MUCH TIME DO YOU WANT TO LEAVE FOR THIS? WELL, WE NEED TO WRAP THIS UP.

I THINK IF THERE WE ARE ALWAYS ASSESSED ON ON WHERE WE ARE WITH THE DEFERRED MAINTENANCE, THAT'S NOT A NEW ISSUE.

AND THE QUESTION THAT HEIDI IS ASKING, I THINK THAT MARK ANSWERED MOST OF THAT.

[03:05:01]

SO IF WE CAN PULL SOME REAL QUESTIONS OUT OF THIS, THEN WE'LL BRING THEM BACK TO THE NEXT BOARD MEETING.

BUT I THINK THAT WE MIGHT BE TALKING APPLES TO ORANGES HERE WITH SOME OF THE STUFF THAT WE'RE DOING.

SO WE NEED TO BE CLEAR ABOUT WHAT WE'RE ANSWERING AND TODD MAYBE WE CAN HELP YOU WITH WHAT THESE QUESTIONS ARE THAT PEOPLE ARE ASKING.

AND, YOU KNOW, THEY'RE NOT THERE'S NOT ALMOST ANYTHING THAT COMES TO THE BOARD THAT DOESN'T COME THROUGH A COMMITTEE OR THAT YOU HAVEN'T GOTTEN INFORMATION FROM AND WHO'S HIRING.

SO I THINK THAT THAT WE NEED TO FIGURE OUT WHAT THE QUESTIONS ARE AS OF TODAY, BUT WE HAVE TO MOVE ON, FOLKS.

SO TODD.

SO DO YOU WANT ME TO QUICKLY GO THROUGH THE REST OF THIS OR SHOULD WE WRAP IT UP RIGHT HERE? WELL, I THINK YOU NEED TO YOU NEED TO MAKE SURE THAT WE HAVE THE POINT OF WHAT THIS AGENDA ITEM WAS ABOUT.

OK, SO LET ME.

SO I'LL GET TO THAT RIGHT NOW AND DO THAT QUICKLY.

AND THIS WILL BE AVAILABLE ON OUR WEBSITE.

AND IN BOARD DOCS SO IF PEOPLE HAVE OTHER QUESTIONS.

PLEASE DON'T HESITATE TO LET ME KNOW.

AND I WILL CONNECT WITH YOU AND WE'LL CONTINUE THAT PROCESS QUESTION.

SO WHEN WE LOOK AT OUR FY 19-20 UNRESTRICTED NET POSITION, AND I DON'T LIKE THE WORD UNRESTRICTED, IT'S AN ACCOUNTING WORD BECAUSE IT IMPLIES THAT THAT IT'S JUST.

EXTRA.

AND IT'S NOT IT'S OBLIGATED, BUT OUR UNRESTRICTED NET POSITION BY CAMPUS COMPARED TO EACH CAMPUS IS AN EXPENSE BUDGET.

SO THE GOLD BARS IS EACH CAMPUS EXPENSE BUDGET.

THE GRAY BAR IS THE UNRESTRICTED NET POSITION.

AND YOU CAN SEE WHAT PERCENTAGE IS REPRESENTED BY THAT UNRESTRICTED NET POSITION.

WE JUST DISCUSSED THE CAPITAL RESERVES RENOVATIONS AND MAINTENANCE, BUT IT'S A GOOD EXAMPLE TO SHOW THAT AT CU BOULDER, THEY HAVE ABOUT ONE POINT THREE BILLION DOLLARS OF DEFERRED MAINTENANCE NEEDS.

AND CU BOULDER HAS ABOUT ONE HUNDRED AND TWENTY SEVEN MILLION DOLLARS IN CAPITAL RESERVES.

THIS IS A HUGE ISSUE AS REGENT GALLEGOS JUST MENTIONED, THAT WE'VE HAD FOR A WHILE.

AND AS REGENT GANAHL JUST MENTIONED, IT'S AN IMPORTANT PART OF THE STRATEGIC PLANNING PROCESS, SOMETHING THAT PRESIDENT KENNEDY TALKS TO ME ABOUT FREQUENTLY AND OUR NEED TO COME UP WITH AGGRESSIVE AND CREATIVE SOLUTIONS TO ADDRESS THIS PROBLEM.

SO I WON'T SPEND TIME ON DEFINITIONS RIGHT NOW, BUT BUT THEY MATTER AND SO THIS PRESENTATION INCLUDES A SUMMARY OF WHAT BUCKETS WE PUT THIS UNRESTRICTED ACQUISITION INTO TO TRY TO PROVIDE ADDITIONAL CLARITY TO TO THE BOARD AND TO THE PUBLIC ABOUT WHAT THESE FUNDS ARE FOR AND HOW AND HOW THEY'RE AND WHAT THEY'RE OBLIGATED FOR DESIGNATED FOR.

SO WHILE QUITE A LARGE PORTION OF OUR UNRESTRICTED NET POSITION IS VERY MUCH OBLIGATED, THERE IS A PORTION OF IT THAT SET ASIDE FOR STRATEGIC USES AS WELL.

THIS MONEY IS FOR THE MOST PART, ALSO IT'S OBLIGATED, BUT IT HASN'T ALWAYS BEEN DESIGNATED FOR SPECIFIC USE.

IN THIS YEAR, FOR EXAMPLE, WE WE MIGHT HAVE MONEY SET ASIDE FOR DEFERRED MAINTENANCE, BUT WE HAVEN'T DECIDED WHICH DEFERRED MAINTENANCE PROJECTS WE'RE GOING TO FUND THIS YEAR.

AND SO WITH THAT, THE MONEY IS OBVIOUSLY [INAUDIBLE] VERY MUCH NEEDED.

SO ONE JUST VERY HIGH LEVEL LENS TO LOOK THROUGH TO USE TO DETERMINE OUR FINANCIAL HEALTH AND THE ADEQUACY OF OUR UNRESTRICTED THAT POSITION IS THE CFI COMPOSITE FINANCIAL INDEX.

THIS IS USED BY INSTITUTIONS ALL OVER THE COUNTRY SO WE CAN COMPARE OURSELVES.

SO YOU GENERALLY WANT TO BE ABOVE THREE AND YOU CAN SEE THAT CU IS AT THREE POINT SIX.

AND WE DISCUSSED IN FINANCE SOME OF THE METRICS THAT GO INTO THIS AND HOW WE PERFORM ON THOSE METRICS SPECIFICALLY.

THEN GETTING INTO THE FROM THE CAMPUS PERSPECTIVE ON THE UNRESTRICTED NET POSITION.

WHAT YOU CAN SEE HERE IS HOW THE HOW SOME SOME OF THOSE CATEGORIES HAVE CHANGED FROM FISCAL YEAR 19 TO FISCAL YEAR 20.

AND AND HOW BE COMPENSATED ABSENCES, LIABILITY BECAME LARGER, OF COURSE, AS IT DOES EACH YEAR, AND YOU CAN SEE HOW SOME OF THESE BALANCES HAVE SHIFTED.

SO I KNOW THAT WE'RE RUNNING OUT OF TIME, SO I'M NOT GOING TO SPEND TIME ON THIS

[03:10:05]

SLIDE BUT IT'S AN IMPORTANT ONE AND IT TALKS IT PROVIDES A NARRATIVE OF WHY THOSE CHANGES HAVE HAPPENED AND WHAT AND SOME INFORMATION ON WHAT THEY'RE FOR.

BUT I KNOW I'M COMING UP AGAINST THE CLOCK, SO I'M JUST GOING TO SKIP AHEAD TO THIS SLIDE, WHICH IS WHICH IS ALSO IMPORTANT.

I KNOW THERE ARE ALWAYS QUESTIONS ABOUT HOW WILL THE CAMPUSES BE USING THE UNRESTRICTED NET POSITION AND ANY FLEXIBILITY THEY HAVE IN THAT AREA IN THE UPCOMING YEAR.

AND SO NOTHING, NOTHING UNEXPECTED HERE.

THESE ARE THINGS THAT WE'VE TALKED ABOUT WITH THE BOARD AND HAVE BEEN DISCUSSED IN THE FINANCE COMMITTEE AS WELL.

AND MR. CHAIRMAN, I THINK IN THE HOW AM I DOING ON TIME, I THINK I'M OVER.

NO, I THINK I HAVE TIME TO FINISH THIS UP, SO WHEN WE LOOK AT THE THE UNRESTRICTED NET POSITION SNAPSHOT AT DENVER AND ANSCHUTZ REMEMBER THAT THE BOOKS AT DENVER AND ANSCHUTZ ARE COMBINED, AND SO WE REPORT THEM AS ONE THROUGH ONE UMP REPORT RIGHT HERE.

AND YOU CAN SEE HOW SOME OF THOSE FOUND OUT HOW THEIR BALANCES HAD SHIFTED.

SORRY ABOUT THAT.

ANY QUESTIONS ON THAT? OR SHOULD I JUST KEEP MOVING ALONG.

WE DIFFERENTIATE WHETHER THE BOOKS ARE COMBINED, OBVIOUSLY OPERATE IT WITH DIFFERENT NEEDS.

AND SO HERE YOU HAVE THE ANTICIPATED EXPENSES COMING, BEING COVERED FROM THE UNRESTRICTIVE NET POSITION AT THE DENVER CAMPUS OUT OF ANY FLEXIBILITY THEY MIGHT HAVE OVER THE UPCOMING YEAR.

YOU CAN SEE A THEME EVERY CAMPUS SAYS PUTS COVID ON THE TOP OF THE LIST, SINCE THAT'S, OF COURSE, THE BIGGEST VARIABLE.

AND AND CU ANSCHUTZ.

AND FINALLY, AT COLORADO SPRINGS, YOU CAN SEE HOW THESE BALANCES HAVE SHIFTED OVER THE LAST YEAR.

AND THE PRIORITIES FOR THESE FUNDS UCCS.

AND THEN FINALLY TO HIGHLIGHT AT THE CU SYSTEM OFFICE.

SO WHILE, YOU KNOW, OBVIOUSLY WHAT WE DO WITH CU SYSTEM IS DIFFERENT THAN WHAT HAPPENS ON THE CAMPUSES, BUT WE USE THE SAME CATEGORY NAMES, BUT THEY MEAN DIFFERENT THINGS.

AND SO WHEN WE HAVE INTEREST EARNINGS OR UNREALIZED GAINS, THOSE ARE REFLECTED ON THESE CHARTS.

BUT, YOU KNOW, WE DON'T HAVE DEFERRED MAINTENANCE AT THE SYSTEM OFFICE.

AND SO BUT SO WE USE A DIFFERENT DEFINITION.

WE USE THAT TERM, BUT IT MEANS A DIFFERENT THING AT SYSTEM OFFICE.

AND I'M HAPPY TO PROVIDE MORE DETAIL TO ANY OF YOU, IF YOU LIKE, ON THAT TOPIC.

AND THEN THE.

NO, THERE'S SO, YOU KNOW, ONE OF THE BIG QUESTIONS IS HOW HOW WILL THESE, WHICH ARE SOMETIMES PRESIDENT INITIATIVE FUNDS, LIKE HOW WILL THESE DOLLARS BE SPENT IN THE FUTURE? I REPORTED ON THAT BACK IN JUNE, AND THAT WAS INCLUDED IN YOUR IN YOUR JUNE BUDGET BINDERS.

AND IT'S ALSO ONLINE WHAT WE'RE PLANNING FOR THE NEXT YEAR ON THAT.

BUT HERE, YOU KNOW, WE JUST HEARD ABOUT ONLINE AND AS YOU ALL KNOW, THE TRANSFORMATION AND INNOVATION PROGRAM, WHICH IS THE IT PROJECT, IS A LONG TERM COMMITMENT TO THE CU SYSTEM AND THE CAMPUSES, WHICH WILL REQUIRE SIGNIFICANT RESOURCES OVER TIME.

SO WITH THAT, I'M HAPPY TO ANSWER ANY QUESTIONS.

I'M HAPPY TO STOP TALKING.

WHATEVER YOU PREFER.

I REALLY APPRECIATE YOUR UPDATES HERE.

AND I KNOW THAT YOU'LL BE SENDING ALONG A BINDER, TOO, WITH SOME ADDITIONAL BREAKDOWNS OF OUR UNRESTRICTED NET POSITION AS WELL.

I'D LIKE TO MAKE A COMMENT.

BRIEFLY, YOU KNOW, WITH RESPECT TO THE DEFERRED MAINTENANCE, WE APPROVED RENOVATIONS TO THE CHEM LABS IN [INAUDIBLE] AS WELL AS UPDATING LABORATORIES IN THE CHEMISTRY BUILDING.

AND, YOU KNOW, THOSE ARE SO CRITICAL BECAUSE IT'S A SAFETY ISSUE.

[03:15:01]

I USED TO WALK IN THAT BUILDING ALL THE TIME.

THAT'S WHERE MY OFFICES WERE AND THE CHEM LABS LOOKED LIKE SOMETHING OUT OF THE 1950S.

SO IT'S A SAFETY ISSUE WITH, YOU KNOW, FUME HOODS AND NOT, YOU KNOW, HAVING POISONOUS GASES IN THE BUILDING OR IN THE LABS.

ALSO MEETING THE NEEDS OF SORT OF THE BEST TEACHING.

AND THEN CERTAINLY THE CHEMISTRY BUILDING IS, AGAIN, SOMETHING LIKE OUT OF THE 50S LOOK LIKE MY ELEMENTARY SCHOOL.

AND I NOTICED THAT TWO FACULTY ARE LEAVING AS A RESULT OF IT.

SO, YOU KNOW, IT'S A VERY COMPETITIVE MARKET TO KEEP OUR VERY HIGH LEVEL SCIENTISTS AND SCIENCES ARE VERY IMPORTANT ACROSS THE SYSTEM.

SO IT'S REALLY CRITICAL TO KEEP AN EYE ON THAT TYPE OF DEFERRED MAINTENANCE ALSO.

WELL, I THINK, LESLEY, YOU BRING UP AN IMPORTANT POINT, NO MATTER WHERE WE ARE WITH BUDGET OR IN THE HOLE OR WITH COVID OR WHATEVER, THERE STILL ARE GOING TO BE SOME SOME DOLLARS SPENT FOR NECESSARY THINGS, SAFETY THINGS AND THE THINGS YOU JUST TALKED ABOUT.

SO IT'S HARD TO SAY WE'RE HERE AND WE'RE NOT SPENDING ANYMORE.

I WISH IT WORKED THAT WAY.

I THINK THAT WE CAN BE A LOT MORE CAREFUL ABOUT HOW WE DO IT OR WHATEVER.

BUT I JUST DON'T THINK THAT YOU CAN QUIT MAKING IMPROVEMENTS AND SPENDING MONEY ON THE THINGS THAT ARE IMPORTANT FOR SAFETY AND FOR FOR KEEPING A COMPETITIVE CURRICULUM AND THOSE KINDS OF THINGS.

SO I REALLY BELIEVE THAT IT'S SO FAR IT'S A LONG AFTERNOON.

WE'RE GOING TO TAKE TEN MINUTES.

BUT IF YOU HELP US, IF YOU FEEL THE WAY THAT I DO ABOUT THIS THIS LAST PRESENTATION WITH THE UNRESTRICTED FUNDS, LET US KNOW AND WE WILL TRY TO GET SOMETHING TOGETHER.

I THINK WE HAVE MAYBE A DECEMBER 9TH MEETING OR SOMETHING.

I THINK THAT THAT WE'RE TALKING ABOUT SOME REALLY, REALLY TOUGH, IMPORTANT STUFF HERE.

AND, YOU KNOW, WE'VE BEEN IN SESSION MOST OF THE DAY, SO MAYBE WE CAN TAKE A DIFFERENT RUN FOR IT IF YOU'LL HELP US TO PUT TOGETHER THOSE QUESTIONS.

AND TODD AND I CAN WORK ON THAT AS WELL.

AND MR. CHAIRMAN, I JUST WANTED TO THANK NORAH SANDOVAL ON MY TEAM WHO WORK WITH THE CAMPUSES QUITE A BIT TO PUT TOGETHER THAT NEW REPORT THAT IT'S A NEW RESPONSIBILITY FOR NORA, IT WAS HER FIRST TIME AND IT IS A BIG EFFORT FOR HER.

SO THANKS NORA FOR ALL OF HER WORK.

OK, ARE YOU FINISHED TODD? I'M ALL DONE.

IT IS 3:50, WE WILL BE BACK AT FOUR O'CLOCK TO FINISH UP OUR GOVERNANCE COMMITTEE AND THE OUR CELEBRATION.

SO TEN MINUTES.

AND THE REASON I'M CALLING A TIME OUT HERE IS BECAUSE I'VE GOTTEN PROBABLY 15 TEXTS THAT SAY, WHAT ARE YOU DOING? WE NEED A BREAK.

SO HERE WE ARE.

TEN MINUTES, SEE YOU AT 4.

AND WE'LL LET YOU TAKE CARE OF THAT.

WE'RE GOING TO CALL THIS BACK TO ORDER.

AND WE'RE MOVING ON WITH GOVERNANCE AND ACTION ITEMS, NEXT ORDER OF BUSINESS IS A GOVERNANCE COMMITTEE REPORT, COMMITTEE CHAIR SMITH AND VICE PRESIDENT PADILLA.

[L. 3:55 p.m. GOVERNANCE COMMITTEE DISCUSSION AND ACTION ITEMS]

HERE.

WELCOME BACK, EVERYONE.

I'M JUST BRINGING UP MY REPORT HERE.

SO THE GOVERNANCE COMMITTEE MET ON WEDNESDAY, OCTOBER TWENTY FIRST AND MYSELF SERVING AS CHAIR AND REGENT GANAHL AS VICE CHAIR ATTENDED, AS WELL AS REGENT JON CARSON AND REGENT IRENE GRIEGO.

JACK, I'M SORRY.

WE'RE SORT OF THE HAPPENING MEETING.

WE ALSO HAD REGENT SUE SHARKEY, REGENT LINDA SHOEMAKER AND REGENT GLEN GALLEGOS, AS WELL AS MANY STAFF MEMBERS.

IF YOU JUDGE BY REGENT ATTENDANCE, THEN YOU DEFINITELY HAVE ME.

THE FIRST ITEM THAT WE DISCUSSED ARE THE REGENT RETREAT'S AND THE WINTER RETREAT.

THE WINTER RETREAT IS ON JANUARY 7TH AND 8TH.

SO MAKE SURE YOU HAVE THAT ON YOUR CALENDAR, ESPECIALLY BECAUSE WE WILL BE SWEARING IN THE NEWLY ELECTED REGENTS ON JANUARY 7TH.

WE'RE WORKING TO DETERMINE IF WE CAN HOLD AN IN-PERSON RETREAT.

[03:20:03]

IT'S LOOKING LESS AND LESS LIKELY JUST WITH THE COVID CASES, IN WHICH CASE THEN WE WILL MOVE TO A REMOTE RETREAT.

THERE WILL BE AN AGENDA PROPOSED TO THE GOVERNMENT GOVERNANCE COMMITTEE AFTER THE NOVEMBER BOARD MEETING.

AND ONE OF THE MAIN TOPICS WILL BE ONBOARDING THE NEW REGENTS.

THE SUMMER RETREAT HAS CHANGED AGAIN AS FAR AS DATES.

IT'S NOW SET FOR JULY 12TH THROUGH THE 14TH AT DEVILS THUMB.

NEXT WE HAD A DISCUSSION AND A REPORT FROM CHIEF DIVERSITY OFFICER [INAUDIBLE] COOK AND PRESIDENT KENNEDY ON THEIR WORK ON THE LAND ACKNOWLEDGMENT STATEMENT, WHICH WE WILL BE VOTING ON LATER ON IN THE SECTION.

DIVERSITY OFFICER COOK DISCUSS THE ADMINISTRATION'S WORK WITH THE CAMPUS TO DRAFT A LAND ACKNOWLEDGMENT STATEMENT, CREATE A WEBSITE AND OTHER ACTIONS, THEN WE DUG INTO SEVERAL REGENT LAWS AND POLICIES.

WE DISCUSSED REGION POLICY THREE E, WHICH HAS BEEN A FOCUS OF REGENT CARSON.

AND WE VOTED TO APPROVE THAT IN THE CONSENT AGENDA.

WE DID GET DR. DAVID THOMPSON, WHO IS WITH THE EDUCATIONAL POLICY AND UNIVERSITY STANDARDS COMMITTEE, TO TALK TO US ABOUT WHAT THEY SUGGESTED.

SOME LANGUAGE CHANGES AND THE FACULTY COUNCIL WERE NOT OPPOSED TO ADDING TO OUTSIDE PARTICIPANTS, TO THE SEARCH COMMITTEES FOR CHANCELLOR AND TO THE SEARCH COMMITTEES FOR DEANS OF COLLEGES OF LAW, ENGINEERING AND BUSINESS.

OTHER POLICIES ARE FORTHCOMING REGENT POLICY 2 A REGARDING CONFLICT OF INTEREST, AS WELL AS CHANGES TO POLICY 2F REGARDING REGENT MEETINGS.

THAT WAS DISCUSSED LAST YEAR AND HAS BEEN ON HOLD AND STILL IS ON HOLD.

REGENT POLICY 2C, COMMITTEES.

WE ALSO DISCUSSED PERHAPS CHANGING SOME ONE OF THE ONE OF THE PROPOSED CHANGES CONCERNING THE WAY COMMITTEE AGENDAS ARE SET.

AND THE OTHER PROPOSED CHANGE IS ABOUT TIMING OF COMMITTEE ASSIGNMENTS.

WE'LL BE DISCUSSING THAT FURTHER DOWN THE LINE AT OUR COMMITTEE.

AND THEN THE LAST POLICY THAT WE DISCUSSED IS COMMUNICATION AND TRANSPARENCY.

AT THE LAST GOVERNANCE COMMITTEE MEETING, THE COMMITTEE DISCUSSED TRANSPARENCY SURROUNDING REGENT REQUESTS FOR INFORMATION.

THERE IS NO FORMALIZED PROCESS FOR HOW REGENTS OBTAIN INFORMATION, WHERE SOME STAFF.

SO STAFF LOOKED AT HOW OTHER UNIVERSITIES HANDLE THIS.

MOST OTHER UNIVERSITY SYSTEMS HAVE FORMALIZED POLICIES IN PLACE.

THE RECOMMENDATION IS TO PUT TOGETHER A PROCESS AND POLICY THAT FOLLOWS A PRACTICE FROM ANOTHER SYSTEM FOR HOW REQUESTS FOR INFORMATION ARE HANDLED.

SO THAT'S SOMETHING ELSE THAT OUR COMMITTEE WILL BE WORKING ON.

NEXT, WE DISCUSSED NEW REGION ORIENTATION, THE COMMITTEE REVIEWED NEW ORIENTATION PLANS, INCLUDING PRE-ELECTION SESSIONS THAT WERE CONDUCTED AND THE MATERIALS ARE BEING UPDATED AND ORIENTATION SESSIONS ARE BEING PLANNED FOR POST-ELECTION TRAINING.

AS I SAID EARLIER TODAY, WE WILL BE DOING THESE REMOTELY IN TWO HOUR CHUNKS.

AND THEN THE LAST ORDER OF BUSINESS WAS DISCUSSING WRITTEN REPORTS FROM CHIEF DIVERSITY OFFICER THEODOSIA COOK TO PROVIDE WRITTEN REPORTS TO THE BOARD ON TOPICS OF COALITIONS, GROUPS AND COMMUNITY OUTREACH, TH DIVERSITY CAMPAIGN AND SYSTEM, ADMINISTRATION TRAINING AND DEVELOPMENT.

AND I HOPE YOU ALL NOTICED THAT THERE WAS A REPORT IN BOARD DOCS.

SO THANK YOU VERY MUCH THEODOSIA.

AND THEN LAST BUT NOT LEAST, THE COMMITTEE THANKED THE SERVICE OF REGENT CARSON AND REGENT GRIEGO FOR THEIR TIME ON THEIR COMMITTEE AS THIS WAS THEIR LAST GOVERNANCE COMMITTEE MEETING.

COMMITTEE MEMBERS, ANYTHING TO ADD TO THAT REPORT? WELL, NOT HEARING THAT THEN THE NEXT THING IS WE HAVE AN ACTION ITEM.

[03:25:10]

AND THIS IS A COMMITMENT TO WORK WITH THE STATE LEGISLATURE TO APPROVE IN-STATE TUITION STATUS FOR INDIGENOUS PEOPLES WHOSE TRIBAL NATIONS ARE HISTORICALLY TIED TO COLORADO LANDS.

FIRST I'D LIKE TO TAKE A MOTION AND THEN WE WILL DISCUSS THIS.

WILL A REGENT MOVE THIS DISCUSSION ITEM? ACTION ITEM.

I WILL.

OK, IRENE.

AND I'M GOING TO SECOND THAT.

LESLEY.

AND REGENT SUE SHARKEY.

SO THIS IS TO REQUIRE CU ADMINISTRATION TO WORK WITH THE STATE LEGISLATURE TO IMPROVE IN-STATE TUITION STATUS FOR OUT-OF-STATE INDIGENOUS PEOPLES WHOSE TRIBAL NATIONS ARE HISTORICALLY TIED TO THE LANDS THAT MAKE UP THE STATE OF COLORADO AND WHERE OUR CAMPUSES SIT.

I WOULD LIKE TO FIRST OPEN UP THE DISCUSSION TO CHAIR GRIEGO, WHO HAS BEEN WORKING ON THIS DILIGENTLY FOR THE LAST YEAR.

ACTUALLY, I WOULD JUST LIKE TO READ THE STATEMENT OF INFORMATION FOR YOU, AND I THINK THEN WE CAN TAKE OFF FROM THERE.

UNIVERSITY OF COLORADO'S GUIDING PRINCIPLES, CALL ON THE UNIVERSITY TO BE STEWARDS OF THE PHYSICAL AND NATURAL RESOURCES, AS WELL AS TO PROMOTE DIVERSITY, TO ENSURE THE RICH INTERCHANGE OF IDEAS IN PURSUIT OF TRUTH AND LEARNING.

CONSISTENT WITH THESE PRINCIPLES THE RESOLUTION CALLS ON THE UNIVERSITY ADMINISTRATION TO WORK WITH THE COLORADO GENERAL ASSEMBLY TO APPROVE IN-STATE TUITION STATUS FOR OUT-OF-STATE INDIGENOUS PEOPLE WHOSE TRIBAL NATIONS ARE HISTORICALLY TIED TO THE LANDS THAT MAKE UP THE STATE OF COLORADO.

THESE EFFORTS BY THE ADMINISTRATION TO SEEK IN-STATE TUITION STATUS ARE AKIN TO THOSE UNDERTAKEN SEVERAL YEARS AGO FOR DEPENDENTS AND MILITARY MEMBERS AND VETERANS AFTER A SIMILAR RESOLUTION FROM THE BOARD.

THIS RESOLUTION, IF APPROVED BY THE BOARD, WILL AUTHORIZE UNIVERSITY OF COLORADO'S SYSTEM ADMINISTRATION THROUGH THE OFFICE OF THE PRESIDENT OR APPROPRIATE DESIGNEE TO WORK WITH THE GENERAL ASSEMBLY AND SEEK LEGISLATION TO AS SOON AS REASONABLE PRACTICAL WITHIN THE CONSTRAINTS OF THE LEGISLATIVE PROCESS THAT WOULD APPROVE IN-STATE TUITION STATUS AT THE UNIVERSITY OF COLORADO FOR OUT-OF-STATE INDIGENOUS PEOPLES WHOSE TRIBAL NATIONS ARE HISTORICALLY TIED TO THE LANDS THAT MAKE UP THE STATE OF COLORADO.

THE ADMINISTRATION WILL REPORT THIS PROGRESS ON THE REPORT AUTHORIZED BY THIS RESOLUTION IN THE ANNUAL REPORT.

AND I JUST WANTED TO ALSO ADD IS THAT, YOU KNOW, AT THE UNIVERSITY OF COLORADO, YOU KNOW, WE RECOGNIZE THE STUDENTS FROM TRIBAL NATIONS AND ARE TIED TO COLORADO LANDS AND THEY BRING A RICHNESS AND A UNIQUE PERSPECTIVE THAT BENEFIT THE CULTURE OF THE UNIVERSITY AND HIGHLIGHT THE ACADEMIC CONTRIBUTIONS OF THE PAST, THE [INAUDIBLE] AND THE FUTURE NATIVE PEOPLE.

HOPEFULLY, IF THIS RESOLUTION IS PASSED, IN-STATE TUITION WILL ENCOURAGE INDIGENOUS STUDENTS TO STUDY AT C.U.

THIS WILL ALSO HELP US UNDERSTAND THE STORIES OF THE ORIGINAL PEOPLE OF THIS LAND AND DISPEL MYTHS, STEREOTYPES, FALSE NARRATIVES OF THE INDIGENOUS PEOPLE.

AND WE CAN WORK COLLABORATIVELY TOGETHER.

OH, YES.

YES MS. SHARKEY.

YEAH, I'D LIKE TO TO MAKE A COMMENT AS WELL.

A NUMBER OF YEARS AGO, I BROUGHT FORWARD A RESOLUTION ON THE MILITARY, THE TUITION FOR IN-STATE TUITION FOR MILITARY DEPENDENTS WITH A RECOMMENDATION THAT IT GO TO THE STATE LEGISLATURE AND THAT HAD THE BLESSING OF THE BOARD OF REGENTS.

IT WAS A UNANIMOUS VOTE.

I BELIEVE THEN THAT IT WAS THE RIGHT THING TO DO.

AND IN ONE OF THE THINGS THAT PROBABLY ONE OF THE MORE PROUD THINGS I'VE DONE SINCE I'VE BEEN ON THIS BOARD OF REGENTS, BECAUSE I HAVE TALKED TO FAMILIES AND STUDENTS WHO HAVE BENEFITED FROM THE LEGISLATURE THEN ULTIMATELY PASSING THAT.

AND IT HAS HELPED STUDENTS AT ALL OF OUR HIGHER EDUCATION INSTITUTIONS IN COLORADO.

THAT WAS A UNANIMOUS VOTE AND THEN FOLLOWED JUST RECENTLY, WE VOTED AS BOARD AN UNANIMOUS VOTE TO ALLOW OUR OLYMPIC ATHLETES WHO ARE TRAINING HERE IN COLORADO WHO ARE FROM OUT OF STATE TO RECEIVE IN-STATE TUITION.

[03:30:01]

AND I BELIEVE AS WELL THAT THAT WAS THE RIGHT THING TO DO TO HONOR OUR OLYMPIC ATHLETES.

AND WITH THE RESOLUTION THAT REGENT GRIEGO HAS BROUGHT FORWARD BY, I SHARE THE SAME SENTIMENT I DID WITH THE LAST TWO THAT I VOTED ON.

I BELIEVE THIS IS THE RIGHT THING TO DO, AND I THINK IT IS OUT OF RESPECT IN HONORING OUR WESTERN HERITAGE HERE IN COLORADO THEY ARE AN IMPORTANT PART OF OUR HERITAGE.

AND I'M ONE WHO I PERSONALLY TIE MY ANCESTRY AS A PART OF WHO I AM AND MY STORY.

AND I BELIEVE THAT WITH ALL PEOPLE THAT THEIR ANCESTRY IS A PART OF WHO THEY ARE.

AND OUR YOUNG PEOPLE TODAY WHO HAVE COME WHO ARE MEMBERS OF THE TRIBES OF COLORADO, THEIR HERITAGE IS AS RELEVANT TODAY AS IT WAS OVER ONE HUNDRED YEARS AGO.

AND I THINK OUT OF HONOR AND RESPECT TO THIS COMMUNITY OF PEOPLE, I SUPPORT THIS RESOLUTION.

THANK YOU MS. SHARKEY.

[INAUDIBLE] I JUST HAVE A PROCESS QUESTION AND WE'RE VOTING TO HAVE THE CU SYSTEM ADMINISTRATION WORK WITH THE STATE LEGISLATURE TO APPROVE IN-STATE TUITION.

WILL THE STATE LEGISLATURE APPROVE IT OR WILL IT COME BACK TO THE REGENTS FOR APPROVAL? SO IT WOULD BE A PERMISSIVE BILL, SO IT WOULD GIVE US THE AUTHORITY TO DO THAT AND THEN IT WOULD ULTIMATELY BE UP TO THE BOARD TO DECIDE TO DO IT.

SO IS THAT WORDED CORRECTLY THEN.

IT GIVES US THE LATITUDE WE NEED TO RUN A BILL.

COMMITMENT TO CONTINUE COLLABORATING, REQUIRING CU SYSTEM ADMINISTRATION TO WORK WITH THE STATE LEGISLATURE TO APPROVE IN-STATE TUITION STATUS FOR CERTAIN OUT OF STATE INDIGENOUS PEOPLES.

SO, YOU KNOW, IF THAT'S THE PROPER PROCESS, I'M OK WITH THAT, BUT IT SOUNDS TO ME LIKE THERE'S TWO STEPS.

AND THE ADMINISTRATION IS GOING TO THE LEGISLATURE TO FIGURE OUT IF THAT IS POSSIBLE.

THEN IT COMES BACK FOR THE REGENTS TO APPROVE IT.

AND THAT'S RIGHT.

IT WOULD BE A [INAUDIBLE] IT WOULD BE PERMISSIVE LEGISLATION.

SO IT WOULD AUTHORIZE IT.

AND THEN THE BOARD WOULD VOTE TO IMPLEMENT.

AND THAT'S USUALLY HOW GENERALLY WE WOULD LIKE TO RETAIN THE AUTHORITY WITH THE BOARD OF REGENTS.

I DON'T BELIEVE THAT'S THE PROCESS THAT OCCURRED WITH THE IN-STATE TUITION FOR MILITARY DEPENDENTS.

IT WAS A RECOMMENDATION THROUGH THE RESOLUTION FROM THE BOARD OF REGENTS TO THE LEGISLATURE.

ONCE THE BILL WAS PASSED IN THE LEGISLATURE, IT WAS PASSED.

AND THERE I DON'T RECALL ANY RESOLUTION COMING BACK TO THE BOARD OF REGENTS FOR A SECOND A VOTE.

AND JEREMY HUETH WAS INVOLVED WITH THAT AT THE TIME, I DON'T KNOW IF JEREMY IS STILL IN THE MEETING OR NOT TO VERIFY THAT.

[INAUDIBLE] OR JOSE, I WAS NOT HERE WHEN THAT THERE'S.

PAT, DO YOU REMEMBER? I DON'T RECALL, BUT GIVE ME FIVE MINUTES AND I WILL LOOK IT UP.

YEAH, I'M NOT EVEN SURE [INAUDIBLE] BOARD SECRETARY AT THAT TIME, BUT MAYBE.

WE COULD MOVE FORWARD WITH IT.

AND WHILE WE'RE LOOKING OR WAITING FOR AN ANSWER WE CAN MOVE TO THE NEXT ONE.

IT'S PERMISSIVE IS MY GUESS.

BUT WE CAN YOU KNOW, BUT WE'LL GET THAT THAT INFORMATION THAT WE JUST TALKED ABOUT, REGENT SHARKEY AND YES, MR. CHAIRMAN, IF YOU WANT TO MOVE ON TO THE NEXT ITEM AND I'LL FIND OUT AND.

SO WE'VE GOT A MOTION AND A SECOND ON THE FLOOR.

SO FOR ROBERT'S RULES OF ORDERS, IF WE'RE GOING TO GO ON TO A SECOND ITEM, HOW SHOULD WE HANDLE THIS EFFIE? WELL, IF YOU'RE ALL IN AGREEMENT TO JUST PAUSE IT, I THINK THAT'S FINE.

AND WE CAN COME BACK TO IT.

AND TODD HOW QUICKLY JUST LOOKING AT TIME AND ALL.

FAST.

YEP.

ALL RIGHT, THEN WE'RE GOING TO PAUSE IT AND MOVE ON TO THE NEXT ACTION ITEM NUMBER

[03:35:07]

THREE.

THIS ONE IS A COMMITMENT TO CONTINUE COLLABORATING WITH INDIGENOUS COMMUNITY MEMBERS AND LEADERS ACROSS THE CAMPUSES.

AND AGAIN, I WILL TAKE A MOTION TO BE ABLE TO START DISCUSSING THIS.

MAKE A MOTION, LESLEY.

OK, REGENT GRIEGO.

LINDA.

OK, AND REGENT SHOEMAKER.

OK, AGAIN, THIS IS SOMETHING THAT REGENT GRIEGO HAS BEEN WORKING ON.

SO, IRENE I'M GOING TO LET YOU OPEN THE DISCUSSION.

FIRST OF ALL, I WANT TO THANK PRESIDENT KENNEDY AND HIS STAFF FOR TAKING STEPS TOWARDS WORKING WITH OUR INDIGENOUS COMMUNITY.

HOWEVER, THERE'S A LOT MORE WORK THAT NEEDS TO BE DONE TO ENHANCE AND BUILD UPON OUR RELATIONSHIP WITH THE INDIGENOUS NATIVE COMMUNITY.

AND THAT'S WHAT THIS RESOLUTION IS ABOUT.

IT IS ABOUT DEVELOPING THAT RELATIONSHIP AND WORKING COLLABORATIVELY WITH OUR NATIVE COMMUNITY.

THE UNIVERSITY OF COLORADO BOARD OF REGENTS RECOGNIZES THIS IS A STATEMENT OF INFORMATION.

I'M SORRY.

THAT A RESPECT FOR DIVERSITY REQUIRES SINCERE WILLINGNESS ON THE PART OF THE INSTITUTION TO ALLOW ALL ITS DIVERSE STAKEHOLDERS TO SHARE IN THE DECISION MAKING PROCESS.

TO REFLECT THIS VALUE, THE UNIVERSITY ADMINISTRATION MUST COLLABORATE WITH INDIGENOUS MEMBERS AND LEADERS TO BUILD A MEANINGFUL, ONGOING PARTNERSHIP WITH THE UNIVERSITY, INDIGENOUS AND NATIVE COMMUNITIES.

THIS RESOLUTION, IF APPROVED BY THE BOARD, WILL AUTHORIZE THE UNIVERSITY SYSTEM ADMINISTRATION TO THE OFFICE OF THE PRESIDENT OR APPROPRIATE DESIGNEE AND IN CONJUNCTION WITH THE CAMPUS LEADERSHIP TO CONTINUE ENGAGING INDIGENOUS COMMUNITY MEMBERS AND LEADERS ACROSS THE CAMPUS IN CONVERSATIONS ON VARIOUS ON A VARIETY OF ISSUES OF IMPORTANCE TO THOSE COMMUNITIES, INCLUDING PERIODICALLY REVIEWING THE CU SYSTEM WIDE LAND RECOGNITION STATEMENT.

THESE CONVERSATIONS COULD ALSO INCLUDE TOPICS SUCH AS THOSE REFLECTED IN EXHIBIT A TO THIS RESOLUTION.

THE PURPOSE OF THIS CONVERSATION WILL BE TO FURTHER SUPPORT INDIGENOUS STUDENTS, FACULTY AND STAFF AT THE UNIVERSITY OF COLORADO AND FURTHER STRENGTHEN THE UNIVERSITY'S RELATIONSHIP WITH THE INDIGENOUS AND NATIVE COMMUNITIES.

THE ADMINISTRATION WILL REPORT ANY PROGRESS ON THE REPORT AUTHORIZED BY THE RESOLUTION IN ITS ANNUAL DIVERSITY REPORT.

AND THIS, TOO.

AND AS TIED INTO THE OTHER ONE.

IT IS, YEAH, I THINK IT'S VERY CRITICAL IN OUR SOCIETY TO HONOR OUR INDIGENOUS PEOPLE AND COMMUNITY AND TO ENSURE THAT THEY HAVE A VOICE WITH OUR SYSTEM AND WORKING WITH THEM COLLABORATIVELY.

LINDA, WOULD YOU LIKE TO ADD ANY COMMENTS? YES, JUST BRIEFLY.

THANK YOU IRENE.

ANYBODY ELSE.

I'M IN FAVOR OF BOTH OF THESE RESOLUTIONS, AND I'M JUST GOING TO MAKE A COMMENT ON THE IN-STATE TUITION ONE AT THE SAME TIME HERE SO WE DON'T WASTE TIME.

I THINK IT WOULD SEND A REALLY BAD MESSAGE IF WE WEREN'T IN SUPPORT OF OUR OWN STUDENTS GETTING THOSE IN-STATE TUITION.

IF WE ASKED THE LEGISLATURE TO APPROVE IT FOR US, IT'S ASSUMED THAT WE WANTED TO DO IT.

SO I THINK WHETHER OR NOT IT'S A LEGAL HOOP WE HAVE TO JUMP THROUGH IS SOMETHING LEGAL CAN FIGURE OUT LATER, BUT THAT WE DEFINITELY SHOULDN'T APPROVE IT UNLESS WE ARE REALLY SINCERE ABOUT DOING IT.

I AM VERY HAPPY THAT REGENT GRIEGO HAS BEEN WORKING ON THIS ISSUE FOR SO LONG AND HAS THE IN-DEPTH RELATIONSHIPS TO MAKE IT HAPPEN.

I HAVE HAD SOME WONDERFUL MEETINGS WITH THE INDIGENOUS STUDENTS ON THE BOULDER CAMPUS AND OUR INDIGENOUS SCHOLARS FROM THE CENTER FOR NATIVE AMERICAN AND INDIGENOUS STUDIES.

AND I KNOW THAT THEY WOULD BE VERY APPRECIATIVE IF WE WERE TO APPROVE EITHER OR BOTH OF THESE RESOLUTIONS, AND I'M IN SUPPORT OF BOTH OF THEM.

A COUPLE OF YEARS AGO, CHAIR GALLEGOS AND I, ALONG WITH CHANCELLOR REDDY AND TONYA AND A FEW OTHERS, WENT DOWN TO SOUTHERN SOUTHWESTERN COLORADO, TO THE SOUTHERN

[03:40:01]

UTE NATION AND MET WITH THE TRIBAL LEADERS THERE.

AND IT WAS QUITE AN HONOR TO HAVE BEEN ABLE TO HAVE MET WITH THE TRIBAL LEADERS.

THAT'S NOT SOMETHING THAT THEY TYPICALLY DO.

AND THEY ALLOWED US THE OPPORTUNITY TO COME IN AND MEET WITH THEM AND TALK TO THEM ABOUT THE UNIVERSITY OF COLORADO.

AND THAT RESULTED IN A NUMBER OF CAMPUS VISITS FROM MEMBERS OF THE UTE TRIBE.

AND, YOU KNOW, IT WAS AN INTERESTING, BESIDES BEING INTERESTING EXPERIENCE, WHAT I REALLY KIND OF PEELED THE LAYER BACK AND REALIZED IS THAT OUR TRIBAL NATIONS HAVE NEEDS, OUR NATIVE PEOPLE HAVE NEEDS, THAT THE UNIVERSITY CAN BE REALLY OF BENEFIT AND AN ASSET.

BUT I BELIEVE THAT WE AS A UNIVERSITY NEED TO BE IT'S INCUMBENT UPON US TO REACH OUT TO OUR INDIGENOUS PEOPLE, TO THE LEADERS AND TO LEARN MORE.

AND I KNOW FOR MYSELF, I WILL ADMIT TO MY IGNORANCE AND MY UNDERSTANDING OF THE HISTORY I THINK IS PRETTY LIMITED.

AND I, FOR ONE, WOULD LIKE TO LEARN MORE.

I WOULD LIKE TO HAVE A DEEPER UNDERSTANDING OF THE ISSUES THAT OUR NATIVE PEOPLE ARE DEALING WITH AND HOW AS A UNIVERSITY, WE CAN BE AN ASSET TO THEM.

AND I'VE STRUGGLED A LITTLE BIT ON, TO BE QUITE HONEST ABOUT THIS RESOLUTION, BECAUSE, YOU KNOW, I'VE GONE BACK AND FORTH TO SHOULD I SUPPORT IT OR NOT.

AND I WILL SAY AT THIS POINT, I WILL ABSTAIN MY VOTE ON THIS, NOT BECAUSE I CAN'T OPPOSE IT AND I CAN'T FAVOR IT.

BUT WHAT I CAN SAY IS, IS THAT I HAVE SCHEDULED FOR OUR UNIVERSITY AFFAIRS COMMITTEE AT OUR MARCH MEETING WE WILL BE ADDRESSING THIS TOPIC FOR FURTHER DISCUSSION AT OUR UNIVERSITY AFFAIRS COMMITTEE MEETING.

AND I'M REALLY LOOKING FORWARD TO THAT.

I THINK IT'LL BE AN OPPORTUNITY NOT ONLY FOR ME, BUT FOR ALL OF THE REGENTS TO LEARN MORE AND TO HAVE AND DEVELOP A BETTER AND DEEPER UNDERSTANDING.

SO THAT'S WHERE I STAND.

THANK YOU VERY MUCH FOR LETTING US YES, CHANCE.

OK, WELL, THANK YOU.

SO I ENCOURAGE EVERYONE TO READ EXHIBIT A HERE.

IT'S INTERESTING THE WAY THIS IS PRESENTED.

I DON'T THINK ANYONE'S GOING TO POSE THE NOTION OF ENGAGEMENT.

I THINK WE ALL FAVOR THAT.

BUT IF YOU READ THE WAYS THAT MAY MANIFEST AS SUGGESTED IN EXHIBIT A, NOT EVERYONE MAY BE ON BOARD WITH THAT, PARTICULARLY MEASURES REGARDING FUNDING THAT ARE BASED IN WHAT I WOULD CALL GROUP IDENTITY POLITICS AND PHYSICAL AND ETHNIC IMMUTABLE CHARACTERISTICS, WHICH, BY THE WAY, MAKES IT VERY DIFFERENT THAN THE OLYMPIC SITUATION, WHICH IS BASED O INDIVIDUALS AND THEIR ACTIVITY.

SO I WOULD JUST ENCOURAGE PEOPLE TO READ EXHIBIT A BECAUSE IT MIGHT AS WELL BE PART OF THE RESOLUTION ITSELF.

AND I THINK THAT'S VERY INTERESTING.

I'D LIKE TO SPEAK TO THAT BECAUSE IT IS NOT PART OF THE RESOLUTION.

THEY'RE EXAMPLES OF AREAS OF CONCERN THAT THE INDIGENOUS COMMUNITY HAVE WANTED TO DISCUSS TO SEE IF THERE IS ANY POSSIBILITIES.

AND I DID USE THEIR WORDS.

I DIDN'T CHANGE THEM.

BUT THAT'S WHAT IT IS, IT'S A LIST OF TOPICS THEY'D LIKE TO HAVE.

AND IT IS NOT PART OF THE RESOLUTION.

IT'S JUST EXAMPLES OF QUESTIONS.

THE INTENT IS NOT ANY DIFFERENT THAN THAT.

I AM OK WITH THIS SECOND ONE, THE DISCUSSION.

I DON'T HAVE A PROBLEM WITH CONTINUING THE DISCUSSIONS, AND I THINK THE WORK THAT THE PRESIDENT HAS DONE ON THE LAND ACKNOWLEDGMENT IS A REASONABLE COMPROMISE.

SO I'M OK WITH THAT.

THE THE OTHER ONE ON TUITION, THOUGH, I MEAN, THIS IS THE FIRST TIME I'VE SEEN IT.

I DON'T FEEL COMFORTABLE AT THIS POINT SUPPORTING THAT BECAUSE I DON'T KNOW HOW IT'S GOING TO BE DETERMINED OR WHAT THE COST IS GOING TO BE.

AND I DON'T THINK IT'S GONE THROUGH OUR NORMAL PROCESS HERE.

I'M ASSUMING THAT FOLKS WHO LIVE ON TRIBAL LANDS IN COLORADO CERTAINLY GET IN-STATE TUITION, SO THIS IS FOR OUT OF STATE INDIVIDUALS.

AND JUST I THINK WE NEED TO DO SOME MORE WORK ON THAT BEFORE I WOULD BE COMFORTABLE SUPPORTING IT.

CAN I RESPOND JUST TO THAT? I APPRECIATE THAT IN WANTING THAT KIND OF FACTUAL INFORMATION.

[03:45:04]

REGENT CARSON AND I KNOW WHEN WE DID THE ONE ON THE MILITARY DEPENDENTS, WE WERE NOT ABLE TO ACTUALLY IDENTIFY A FUNDING AMOUNT.

HOW WAS THIS GOING TO IMPACT US AND SO IT DIDN'T GO THROUGH RATHER THAT VETTING BECAUSE THIS WAS GOING TO IMPACT NOT ONLY THE UNIVERSITY OF COLORADO, BUT ALL OF HIGHER EDUCATION IN COLORADO, ALL OF OUR UNIVERSITIES.

SO IF IT WERE TO GO THROUGH, THE LEGISLATURE IT WOULDN'T JUST BE IDENTIFYING, CU PROVIDING IN-STATE TUITION, BUT RATHER ALL OF HIGHER EDUCATION IN COLORADO.

SO IT REALLY ISN'T FEASIBLE TO GO THROUGH KIND OF THAT VETTING PROCESS TO PUT A DOLLAR AMOUNT ON.

AND WE DIDN'T DO THAT IN THE PAST.

WE REALLY LEFT THOSE DETAILS UP TO THE LEGISLATURE TO WORK THROUGH BECAUSE THIS RESOLUTION, AS WAS THE ONE I BROUGHT FORWARD, WAS ONLY A RECOMMENDATION.

IT WAS A REFERRAL.

IT WASN'T ACTUALLY PASSING THE IN-STATE TUITION.

IT WAS A REFERRAL TO THE LEGISLATURE.

AND THEN THAT OPENED UP THE OPPORTUNITY TO OUR LEGISLATORS TO GO THROUGH THE PROCESS THAT THEY NEEDED TO GO THROUGH TO DETERMINE IF THIS WAS A BILL THAT SHOULD PASS OR NOT.

JEREMY, WITH RESPECT TO GETTING THIS RESOLUTION, WITH RESPECT TO WE ARE KIND OF MIXING THINGS RIGHT NOW, BUT DO YOU WANT TO DEAL WITH THE SECOND RESOLUTION FIRST, THE ONE ON COLLABORATION, AND THEN WE CAN DISCUSS A LITTLE BIT MORE THE IN-STATE TUITION THING.

YEAH REGENTS AND I HAVE AN REGENTS I HAVE A COPY ON MY SCREEN OF THE MILITARY RESOLUTION.

WE CAN TALK ABOUT THAT IN A MINUTE REGENT SMITH I'D LIKE TO CALL THE VOTE ON ITEM L.

AND THEN WE COULD GO BACK TO THE TUITION ONE.

THAT'S WHAT I WAS GOING TO DO.

SO WE'RE GOING TO CALL A VOTE ON L THREE THE QUESTION ABOUT REQUIRING THE CU ADMINISTRATION TO CONTINUE TO COLLABORATE WITH THE INDIGENOUS COMMUNITY.

SO EFFIE CAN YOU PLEASE CALL THE ROLL? YES.

REGENT HILL? NO, NOT BECAUSE I OPPOSE ENGAGEMENT, OF COURSE, BUT BECAUSE OF THE LACK OF CLARITY ASSOCIATED WITH EXHIBIT A AND HOW IT WILL BE PERCEIVED.

I'LL JOIN MY LOOKS LIKE THE VOTE IS GOING TO BE FOR AN AYE SO I WILL SUPPORT THIS WITH AN AYE AND WITH THE UNDERSTANDING THIS WILL BE A CONTINUING DISCUSSION IN UNIVERSITY AFFAIRS IN THE NEXT FEW MONTHS.

JUST ANOTHER CLARIFICATION, MY VOTE WILL BE YES, BUT I DON'T SEE ANYWHERE IN HERE THAT IT NEEDS TO GO TO UNIVERSITY AFFAIRS.

IT DOESN'T GLEN, I JUST I HAVE REQUESTED THAT THAT BE A DISCUSSION IN UNIVERSITY AFFAIRS.

AND WE CAN CERTAINLY DO THAT.

BUT I'M VOTING JUST ON THE MOTION HERE.

RIGHT.

OH, I UNDERSTAND.

SO MY VOTE WOULD BE YES.

OK, THAT'S EIGHT TO ONE, THANK YOU.

OK, DO WE HAVE MORE INFORMATION THAT MIGHT HELP PEOPLE MAKE A DECISION REGARDING THE IN-STATE TUITION L TWO.

SO I THINK IT'S BEEN DONE BOTH WAYS.

SOMETIMES IT'S BEEN DONE IN A PERMISSIVE MANNER IN THE PAST OR BY THE LEGISLATURE, WHICH GENERALLY HIGHER ED INSTITUTIONS PREFER BECAUSE IT MAINTAINS THE AUTHORITY OF THE GOVERNING BOARD OR BUT SOMETIMES THEY DIRECTED IT AS WELL.

GENERALLY PERMISSIVE.

THE PERMISSIVE APPROACH WILL BE EASIER TO PASS.

BUT, YOU KNOW, BUT WE COULD PURSUE IT EITHER WAY.

BUT IT WOULD DEFINITELY YOU KNOW, IF IT'S JUST NARROW, IF IT'S ONLY APPLYING TO THE UNIVERSITY OF COLORADO I USUALLY TRY TO WE USUALLY TRY TO DEFEND THE AUTHORITY AT THE BOARD OF REGENTS SO THAT YOU ALL MAKE THE FINAL DECISION.

[03:50:03]

BUT IT'S YOU KNOW, OR WE COULD JUST YOU KNOW THE WAY WE DRAFTED IT I THINK IT'S FLEXIBLE ENOUGH THAT WE COULD PURSUE EITHER ROUTE.

BUT I AGREE WITH TODD.

I DON'T THINK WE HAVE TO CHANGE THE RESOLVE PART OF THIS BECAUSE WE CAN GO THE ROUTE OF SEEKING PERMISSION AND IT COMING BACK HERE.

I DON'T THINK THE WAY IT'S WORDED CHANGES THAT WE MAINTAIN OUR OPTIONS THERE.

HEY YOU GUYS CAN I ASK A QUESTION.

YES GO AHEAD.

I THOUGHT IN THE ORDER WE JUST VOTE ON THE TUITION WHERE WE VOTING ON THE AMENDMENT.

WE WERE VOTING ON L THREE.

I THOUGHT WE WERE VOTING ON L2 SINCE IT WAS THE FIRST ACTION ITEM.

I'M SORRY, SORRY, I SAID IT WAS L THREE AND BECAUSE WE WERE WAITING FOR THE INFORMATION ON L2.

GOT IT.

SORRY.

BRAIN SURGERY.

[LAUGHTER] EVEN IF YOU DECIDED TO VOTE NO, IT WOULD STILL PASS, OBVIOUSLY.

YEAH THE ONLY COMMENT I WOULD SAY IS I WOULD JUST LIKE MORE FINANCIAL INFORMATION ABOUT THE IMPACT.

I MEAN, THAT'S A HUGE LAUNDRY LIST OF THINGS AND I'M NOT OPPOSED TO TALKING ABOUT THEM, BUT THAT MIGHT BE A REASON TO GET A COMMITTEE INVOLVED IS TO REALLY DIG INTO THE COST OF SOME OF THOSE THINGS AS WE CONSIDER THEM.

AND SO NOW WE'RE BACK TO L TWO THE TUITION.

IF YOU LOOK AT [INAUDIBLE] INFORMATION HEIDI FOR IT TO BE AN ON CAMPUS DECISION OR THROUGH THE OFFICE OF THE PRESIDENT.

SO I THINK THAT ALL OF THOSE ARE INVITATIONS FOR DISCUSSIONS, BUT I DON'T SEE THAT ANY OF THOSE NEED TO HAPPEN OR NOT HAPPEN.

SO I THINK YOU'RE COVERED THERE.

I JUST HAVE ONE QUESTION, SO IF WE VOTE TO APPROVE L TWO, THAT DOESN'T NECESSARILY AND IT GOES TO THE LEGISLATURE, IT DOESN'T NECESSARILY MEAN THAT WE THINK THAT EVERY UNIVERSITY SHOULD DO THIS.

BUT I GUESS THE LEGISLATURE COULD SAY, WELL, CU WANTS TO, THEN.

WELL, I THINK JOSE HAD A GOOD IDEA TO VOTE ON HOW IT'S WORDED, BECAUSE MY UNDERSTANDING IS THAT REGENT'S SET TUITION, SO WE'RE SAYING, YES, ADMINISTRATION, WE'RE VOTING [INAUDIBLE] GO AND VOTE WITH OR DEAL WITH WITH THE LEGISLATURE.

WHEN YOU BRING THAT BACK, THEN THE REGENTS WILL VOTE ON THE TUITION DEAL.

SO I COULD WE GET SOME INPUT FROM JEREMY HUETH AS WELL SINCE HE'S BEEN INVOLVED IN THIS THAT'D BE GREAT.

JEREMY.

YES.

[INAUDIBLE] BUT I THINK YOU HEARD THE CONVERSATION.

AND AS TODD SAYS, I THINK THE [INAUDIBLE] IS BROAD ENOUGH AND FLEXIBLE ENOUGH THAT WE GO TO THE LEGISLATURE, ASSUMING THEY AGREE IT COMES BACK TO US, THEY'LL GIVE US PERMISSION TO DO THAT.

WE CAN SET TUITION.

BUT, YEAH, NO, I TOTALLY AGREE WITH THAT.

I HEARD WHAT TODD SAID.

I THINK THAT'S CORRECT.

AND THAT'S USUALLY FOR SPECIALIZED GROUPS.

THAT'S HOW WE TRY TO DO IT IS AND WE'VE DONE THAT WITH DIFFERENT GROUPS OF LIKE VETERAN DEPENDENTS AND MILITARY DEPENDENTS, AS WELL AS THERE'S SOME WEIRD ONES LIKE, YOU KNOW, THE CANADIAN NATIONAL GUARD AND OLYMPIC ATHLETES.

AND WE TRY TO GIVE THE REGENTS WHAT WE SAY IS THE GOVERNING BOARDS MAY EXTEND IN-STATE TUITION TO THIS GROUP, AND THEN IT GIVES US SOME LATITUDE TO BOTH DEFINE THE GROUP AND DEFINE THE IMPACT.

YOU KNOW, IN THE CASE OF MILITARY DEPENDENTS, WE EXTENDED IT, YOU KNOW, IN STAGES SO THAT WE COULD ACTUALLY APPRECIATE THE IMPACT, YOU KNOW, IN REAL TIME.

SO PERMISSIVE IS REALLY MUCH EASIER TO WORK WITH THE LEGISLATURE ON.

OK, WELL, I'M GOING TO CALL THIS AGAIN, BECAUSE I THINK WE'VE GOTTEN ENOUGH INFORMATION.

THANK YOU, TODD AND JEREMY.

SO THIS NOW THIS IS L 2.

SO THIS IS FOR THE ADMINISTRATION TO WORK WITH A STATE LEGISLATURE TO APPROVE IN-STATE TUITION.

EFFIE CAN YOU DO THE ROLL CALL, PLEASE.

YES, AND CHAIR GALLEGOS.

[03:55:01]

REALLY APPRECIATE IT.

ALL RIGHT, GOOD JOB, LESLEY.

A LITTLE COMPLICATED, BUT GOT THROUGH IT.

[LAUGHTER] OK, BOARD OF REGENTS, GENERAL DISCUSSION TIME.

[M. 4:15 p.m. BOARD OF REGENTS DISCUSSION AND ACTION ITEMS PART 2]

WE HAVE 20 MINUTES SET OUT FOR THIS.

AND YOU REMEMBER THAT THE LAST TIME THAT WE DID THIS, IT WAS KIND OF AN OPEN AGENDA, IT WAS AN OPPORTUNITY TO GIVE REGENTS TIME TO SAY KIND OF WHAT WAS ON THEIR MIND OR SOMETHING THEY DIDN'T SAY DURING A LIKE A AN AGENDA ITEM ON THE FLOOR TODAY.

BUT IT'S OPEN.

ANYTHING GOES EXCEPT FOR THE FACT THAT WE DON'T ARGUE WITH EACH OTHER.

YOUR OPINION IS YOUR OWN OPINION.

IF YOU WANT TO TAKE A DIFFERENT OPINION TO IT, THAT'S GREAT.

BUT I THINK THE OTHER THING I WOULD SAY IS THAT WE NEED TO RESPECT EVERYONE'S OWN OPINIONS.

AND IT GIVES US AN OPPORTUNITY TO REALLY TALK ABOUT THE TYPES OF THINGS THAT WEREN'T ON OUR AGENDA.

SO WITH THAT, I'LL OPEN IT UP.

IT'S A WIDE OPEN DISCUSSION.

I CAN START.

I WANTED TO MAKE EVERYONE AWARE THAT THERE'S A NEW COLORADO HIGHER EDUCATION TRUSTEE NETWORK THAT'S IN FORMATION RIGHT NOW, AND IT INCLUDES TRUSTEE OR REGENT FROM EACH HIGHER ED INSTITUTION, INCLUDING COMMUNITY COLLEGE.

AND ELAINE BERMAN IS THE ONE THAT'S BEEN WORKING UNDER ANGIE [INAUDIBLE] AS WELL AS COMMISSIONER HUGHES, SARAH HUGHES.

AND WE HAD OUR FIRST MEETING YESTERDAY.

AND SO ELAINE WAS THE ONE TO CHOOSE EACH REPRESENTATIVE.

AND BECAUSE OF MY BACKGROUND, I'VE KNOWN HER FOR A LONG TIME WHEN I WAS ON THE SCHOOL BOARD AND SHE WAS ON THE STATE BOARD OF ED.

PLUS, I WAS THE ONLY ONE THAT ATTENDED THE CONVENING MEETING TWO YEARS AGO WHEN I FIRST GOT ON THE BOARD.

SO THE GOALS WE'RE JUST GETTING STARTED.

BUT RIGHT NOW, WE AGREED ON THE GOALS TO ESTABLISH COLORADO'S FIRST EVER HIGHER EDUCATION TRUSTEE INITIATIVE TO ADVOCATE FOR AND PRIORITIZE HIGHER EDUCATION IN COLORADO.

AND WE'RE ALL AWARE THAT THERE ARE MANY DIFFERENT ORGANIZATIONS FOR K-12 THAT ADVOCATE FOR K-12.

SO IT'S VERY EXCITING TO HAVE A GROUP THAT WILL BE ADVOCATING FOR HIGHER ED HERE.

THE SECOND ONE IS TO EDUCATE POLICYMAKERS AND CIVIC LEADERS ABOUT THE URGENT CHALLENGES FACING HIGHER EDUCATION IN COLORADO AND COMBAT MISCONCEPTIONS ABOUT HIGHER EDUCATION AND ITS PERCEIVED VALUE.

AND THAT'S CERTAINLY SOMETHING THAT WE'VE TALKED ABOUT THAT WE NEED TO DO.

YOU KNOW, WE'VE GOT THE THE RENEWED FOCUS ON OUTREACH ACROSS THE STATE AND THE IMPORTANCE OF CU.

SO THIS WILL BE FOR ALL OF HIGHER ED AND SHOWING THE VALUE THAT WE BRING TO COLORADO IN TERMS OF EDUCATION AND RESEARCH AND WORKFORCE.

AND THEN THE THIRD ONE IS TO WORK TO IMPROVE HIGHER EDUCATION, TO MAKE IT MORE AFFORDABLE, EFFECTIVE, EQUITABLE AND VALUABLE TO OUR ECONOMY AND TO COLORADO FAMILIES.

SO I'M VERY EXCITED.

IT'S YOU KNOW, IT WAS INTERESTING BEING ON THE CALL.

AND THERE'S THE TRUSTEE FROM ADAM STATE, WHICH IS VERY DIFFERENT, OBVIOUSLY, THAN THE UNIVERSITY OF COLORADO.

AND, YOU KNOW, IT SOUNDS LIKE THEY DON'T YOU KNOW, WE HAVE A VERY ROBUST ORIENTATION FOR OUR REGENTS AND SO FORTH, AND THEY RELY ON AGB.

SO, YOU KNOW, IT'S GOING TO BE INTERESTING TO SEE HOW WE ALL DIFFER AND HOW WE ALL ARE SIMILAR.

WE ALL HAVE SORT OF THE SAME ASPIRATIONS FOR HIGHER ED AND [INAUDIBLE] THE CONVENING GROUP.

BUT THE IDEA IS WE WANT TO GROW THIS AND POTENTIALLY GET ALL TRUSTEES, FORMER TRUSTEES, FORMER REGENTS, JUST ANYONE THAT WANTS TO ADVOCATE FOR HIGHER ED IN OUR STATE.

SO JUST WANT TO LET YOU KNOW, BECAUSE I THINK AT ONE POINT THERE'S GOING TO BE A PRESS RELEASE AND I WANTED TO MAKE SURE EVERYONE KNEW THIS WAS GOING ON AND THAT I AM THE ONE THAT WAS CHOSEN TO BE ON THIS CONVENING GROUP FROM THE UNIVERSITY OF

[04:00:03]

COLORADO.

AND, YOU KNOW, IF YOU WANT TO TALK OFFLINE A LITTLE BIT MORE ABOUT THIS, I'M HAPPY TO DO SO.

LESLEY, CONGRATULATIONS TO YOU ON YOUR ROLE ON THAT.

WIDE OPEN JUMP IN.

THAT'S REALLY EXCITING.

I'M GLAD YOU'RE THERE TO REPRESENT OUR BOARD OF REGENTS.

WILL YOU THEN GIVE A REPORT BACK TO OUR BOARD OF REGENTS FROM YOUR MEETINGS WITH THIS GROUP? YES.

SO WE'RE GOING TO BE QUITE TRANSPARENT WITH MINUTES.

AND I ASSUME AT ONE POINT WE'LL HAVE A WEBSITE.

YOU KNOW, I DON'T KNOW WHERE AND THOSE WILL BE THERE.

I KNOW IN JANUARY, THE FIRST THING THAT'S GOING TO HAPPEN IS IN JANUARY.

THERE'S THIS CONVENING THAT'S SUPPOSED TO HAPPEN FOR HIGHER ED.

AND EVIDENTLY EVERYONE IS REQUIRED TO GO EVERY YEAR, WHICH, LIKE I SAID, I WENT TO THE FIRST MEETING TWO YEARS AGO, BUT I DON'T EVEN KNOW IF WE KNEW ABOUT IT LAST YEAR.

SO I SAID I WOULD SERVE ON THAT GROUP OF PEOPLE THAT ARE GOING TO WORK ON THAT CONVENING IN JANUARY.

I HAVE A FEELING, YOU KNOW, THE TRUSTEES THAT ARE APPOINTED BY THE GOVERNOR ARE PROBABLY THE ONES THAT GET THE INFORMATION AND WE MAY OR MAY NOT.

SO, YOU KNOW, I'LL MAKE SURE THAT WE DEFINITELY GET THAT.

BUT YES, I WILL BE REPORTING BACK OR SENDING AN EMAIL OR MINUTES OR, YOU KNOW, KEEPING EVERYBODY APPRIZED.

THIS IS SUCH A SHY GROUP.

IT'S GREAT.

I MEAN, I'M JUST SAVING ALL MY WORDS FOR WHEN WE RECOGNIZE OUR OUTGOING REGENTS.

WELL, I WOULD SAY THAT KEN MCCONNELLOGUE THANKS FOR ALL YOUR WORK.

WE'RE GOING TO WORK WITH YOU OVER THE NEXT FIVE OR SIX MONTHS, BUT WE'RE REALLY HAPPY THAT THAT'S WHAT YOU'RE GOING TO DO.

BUT WE'RE GOING TO MISS YOU AS WELL.

SO DOES THE MRS. KNOW ABOUT THIS YET? I'M GOING TO SPRING IT ON HER PRETTY SOON THOUGH.

[LAUGHTER] IT'S GONNA BE FINE.

IT'LL BE FINE.

YOU KNOW, I THINK THE ONLY THING I'D LIKE TO TO ADD IN THIS DISCUSSION IS JUST TO SAY HOW PROUD I AM OF THE UNIVERSITY OF COLORADO AND WHAT A GREAT INSTITUTION THAT WE ARE.

AND FOR THE TEN YEARS THAT I'VE SERVED ON THIS BOARD, I JUST CONTINUE TO BE ASTOUNDED BY ALL OF THE GREAT THINGS THAT CU DOES AND FEEL VERY FORTUNATE AND HONORED TO BE ABLE TO SERVE ON THIS BOARD AND TO BE A PART OF THIS GROUP.

ANYONE ELSE WE'RE GOING TO BE RUNNING OUT OF TIME OR OUT OF TOPIC, SO THEN WE'LL HAVE TO MOVE ON WITH OUR AGENDA.

BUT I KNOW IT'S BEEN A LONG DAY AND SOME OF YOU PROBABLY DON'T WANT TO BRING UP STUFF, AND I THINK IT'S FINE.

WE'LL BRING THIS SESSION TO A CLOSE AND MOVE ON TO THE RESOLUTIONS FOR INDIVIDUAL REGENTS AND THE ROAST, I MEAN, THE CELEBRATION THAT WE'RE GOING TO HAVE FOR THEM.

WE ALL SET WITH THAT.

OK, LET'S MOVE ON AND I WILL START WITH A RESOLUTION OF APPRECIATION FOR IRENE GRIEGO.

WHEREAS REGENT IRENE GRIEGO WAS SWORN IN AS A REGENT IN DECEMBER 2011 AFTER BEING APPOINTED TO FILL A VACANCY ON THE BOARD FOR THE 7TH CONGRESSIONAL DISTRICT BY GOVERNOR JOHN HICKENLOOPER, AND SHE WAS THEN ELECTED IN 2012 AND REELECTED IN 2014.

I GUESS, IRENE, IF YOU HAD KNOWN WHAT YOU WERE GETTING INTO, WOULD YOU HAVE SAID YES OR NO TO GOVERNOR HICKENLOOPER TODAY.

WHEREAS REGENT GRIEGO IS THE CU ALUMNI WHO EARNED A BACHELOR'S DEGREE IN ELEMENTARY EDUCATION AT THE UNIVERSITY OF COLORADO, BOULDER, AND EARNED HER DOCTORATE IN SCHOOL ADMINISTRATION FROM THE UNIVERSITY OF COLORADO, DENVER, WHEREAS REGENT GRIEGO ALSO HOLDS A MASTER'S DEGREE IN EDUCATIONAL ADMINISTRATION FROM THE UNIVERSITY OF NORTHERN COLORADO.

SHE HAS RECEIVED NUMEROUS HONORS AND AWARDS, INCLUDING THE COLORADO DISTINGUISHED TEACHERS AWARD AND THE GOVERNOR'S AWARD FOR EXCELLENCE IN EDUCATION.

[04:05:01]

AND AS A LATINA AT LEGACY CIRCLE INDUCTEE WHEREAS REGENT GRIEGO HAS DEVOTED HER PROFESSIONAL CAREER TO EDUCATION AND TRANSFORMED COUNTLESS LIVES THROUGH HER SERVICE AS A CLASSROOM TEACHER, ELEMENTARY SCHOOL PRINCIPAL AND COMMUNITY SUPERINTENDENT AT JEFFERSON COUNTY PUBLIC SCHOOL SYSTEM.

WHEREAS REGENT GRIEGO [INAUDIBLE] THE OFFICE OF DIVERSITY AND INCLUSION AT JEFFERSON COUNTY PUBLIC SCHOOLS.

WHEREAS WHILE ON THE BOARD OF REGENTS, REGENT GRIEGO WAS ELECTED CHAIR OF THE BOARD IN TWENTY SIXTEEN, TWENTY SEVENTEEN, BECOMING THE FIRST LATINA CHAIR OF THE BOARD OF REGENTS .

WHEREAS REGENT GRIEGO ALSO SERVED THE BOARD AS VICE CHAIR IN TWENTY FOURTEEN THROUGH FIFTEEN, 2015, 2016, 2019, AND 2020.

AND AS CHAIR OF THE GOVERNANCE LAWS AND POLICIES IN THE CAPITAL CONSTRUCT [INAUDIBLE] VICE CHAIR OF THE UNIVERSITY AFFAIRS, GOVERNANCE AND INTERCOLLEGIATE ATHLETICS COMMITTEE.

AND AS A MEMBER OF THE AURARIA BOARD AND NUMEROUS OTHER REGENT COMMITTEES, OR AS REGENT GRIEGO HAS BEEN CONSTANT IN HER PURSUIT OF DIVERSITY, EQUITY AND INCLUSION AT THE UNIVERSITY OF COLORADO.

WHEREAS REGENT GRIEGO STRONGLY ADVOCATED AT ALL TIMES FOR THE ABILITY OF UNDOCUMENTED STUDENTS TO BE ABLE TO CONTINUE THEIR EDUCATION AT THE UNIVERSITY OF COLORADO.

WHEREAS REGENT GRIEGO ADVANCED THE IDEALS OF SHARED GOVERNANCE IN HER INTERACTIONS WITH THE UNIVERSITY OF COLORADO FACULTY, COUNCIL, STAFF COUNSEL AND INTER CAMPUS STUDENT FORUM, AND SHE DEDICATED HER SERVICE AS A REGENT TO PURSUING GOOD GOVERNANCE PRACTICES AND INCLUSIVE DECISION MAKING.

WHEREAS REGENT GRIEGO HAS SERVED THE UNIVERSITY OF COLORADO AND THE BOARD OF REGENTS HONORABLY.

NOW THERE IT BE RESOLVED THAT THE BOARD OF REGENTS EXPRESSES ITS DEEPEST APPRECIATION AND BESTOWS THE TITLE OF REGENT EMERITA ON IRENE GRIEGO FOR HER NINE YEARS OF SERVICE AND DEDICATION TO THE UNIVERSITY OF COLORADO ON BEHALF OF THE PEOPLE OF COLORADO.

AND THAT'S HEREBY ADOPTED.

ADOPTED BY THE UNIVERSITY OF COLORADO BOARD OF REGENTS ON NOVEMBER 12TH 2020.

DO I HAVE A MOTION TO ACCEPT THIS RESOLUTION.

SO MOVED.

SO MOVED BY REGENT SHARKEY.

A SECOND.

SECOND.

[INAUDIBLE].

BY REGENT SMITH AND REGENT SHOEMAKER.

ALL IN FAVOR, SAY AYE.

[INAUDIBLE] CONGRATULATIONS IRENE.

[INAUDIBLE] IS THAT THE FIRST NINE ZERO VOTE YOU'VE GOTTEN IN 10 YEARS? IT IS.

IT IS.

THAT'S GREAT.

SO WITH THAT, I WOULD OPEN IT UP.

IRENE THANK YOU FOR YOUR SERVICE AND FOR YOUR TIME.

AND ANYBODY THAT WOULD LIKE TO ADD TO THAT THE FLOOR IS WIDE OPEN.

CAN I JUMP IN CHAIR GALLEGOS.

YES.

WELL, REGENT GRIEGO, NINE YEARS HAS GONE BY REALLY FAST.

I REMEMBER WHEN YOU FIRST CAME ON TO THE BOARD OF REGENTS APPOINTED BY GOVERNOR HICKENLOOPER.

AND WHAT A GREAT HONOR THAT MUST HAVE BEEN FOR YOU.

YOU KNOW, AS I WAS REFLECTING I KNOW I MENTIONED THIS TO YOU AS I'VE BEEN KIND OF REFLECTING THIS WEEK ON OUR THREE REGENTS AND THEIR SERVICE.

I WAS REMEMBERING YOUR SWEARING IN CEREMONY.

AND I REMEMBER AL BEING THERE AND YOUR MOM BEING THERE.

AND I ENJOYED SO MUCH GETTING TO KNOW NOT ONLY YOU IN THOSE EARLY DAYS, BUT I REALLY ENJOYED GETTING TO KNOW YOUR MOTHER AND TO GET TO KNOW AL.

AND YOU WERE SO KIND TO BRING YOUR MOM.

SHE WAS A REALLY DEAR PERSON.

SO THAT ON A PERSONAL NOTE, BUT AS A REGENT, THERE IS NO QUESTION THAT NOT ONLY IN YOUR CAREER HAVE YOU DEMONSTRATED YOUR LOVE AND CARE FOR EDUCATION AND FOR STUDENTS AND FOR STUDENTS WHO MAYBE DON'T HAVE THE ACCESS OR OPPORTUNITIES THAT THE MORE PRIVILEGED STUDENTS HAVE.

YOUR HEART HAS BEEN THERE WITH THOSE STUDENTS.

YOUR CAREER HAS DEMONSTRATED THAT YOUR WORK AS A REGENT HAS DEMONSTRATED THAT.

AND FOR OUR FACULTY, THE SAME.

YOU'VE WORKED SO CLOSELY WITH BOTH FACULTY AND STUDENTS.

AND FOR THAT, I CAN IMAGINE THERE ARE MANY, MANY PEOPLE WHO ARE GRATEFUL TO YOUR SERVICE AND THE DIFFERENCE YOU'VE MADE IN THEIR LIVES.

THANK YOU, IRENE.

AND YOU'RE GOING TO BE MISSED ON THIS BOARD.

WELL THANK YOU.

AND AS I SHARED WITH YOU LAST NIGHT WHEN I BROUGHT MY MOTHER THERE, BECAUSE THAT WAS WHEN I WAS APPOINTED BY THE GOVERNOR, SHE'S SITTING THERE.

SHE DOESN'T HEAR EVERYTHING SHE SEES ALL THE WE ARE IN THE COURTHOUSE.

AND IT'S A BEAUTIFUL SETTING.

LOTS OF PEOPLE.

[04:10:01]

AND I CAN HEAR IN THE BACKGROUND, WHERE IS THE GOVERNOR? [LAUGHTER] AND THAT WAS HER MAIN THING SHE WANTED TO SEE THE GOVERNOR.

[INAUDIBLE] AUTOGRAPH.

[LAUGHTER] FLOOR IS WIDE OPEN.

I GUESS I'LL HOP IN HERE.

YOU KNOW, IRENE, I HAVE BEEN VERY FORTUNATE TO SERVE ON THIS BOARD WITH YOU FOR FOUR YEARS, AND I ALSO REMEMBER WHEN I MET WITH YOU WHEN I WAS RUNNING AND, YOU KNOW, IT WAS PRETTY RARE FOR ANYBODY, BUT IT STILL IS KIND OF RARE, TO BE HONEST WITH YOU, FOR ANYBODY TO GIVE A YOUNG GUY LIKE ME THE TIME OF DAY AND FOR YOU TO TAKE THE TIME OUT OF YOUR DAY TO MEET WITH ME, REALLY SET A LOT, YOU KNOW, AND REALLY SET THE TONE FOR HOW OUR RELATIONSHIP WOULD GO.

AND I REMEMBER, YOU KNOW, AND I'VE LEARNED SO MANY THINGS FROM YOU OVER MY TIME ON THE BOARD, BUT I REMEMBER THAT TIME WE DROVE DOWN TO COLORADO SPRINGS TOGETHER AND THERE WAS A REGENT DINNER THAT EVENING AND WE DROVE DOWN TOGETHER.

AND YOU AND I HAD A LONG CONVERSATION ABOUT YOUR TIME WHEN YOU WERE A STUDENT AT CU BOULDER AND ALL OF THE VARIOUS DIFFERENT CIVIL RIGHTS MOVEMENTS THAT WERE GOING ON, PARTICULARLY WITH RESPECT TO CHICANO CHICANO STUDENTS.

MAYBE NOW WE WOULD REFER TO THEM AS LATIN X STUDENTS.

AND IT JUST SO EXPANDED MY KNOWLEDGE ON THAT PERIOD OF THE UNIVERSITY'S HISTORY.

AND I'M JUST VERY EXCITED TO SEE THE PROGRESS THAT WE'VE MADE.

AND THERE'S STILL A LOT OF WORK TO BE DONE, AT LEAST SYMBOLICALLY IN THAT SPACE.

BUT, YOU KNOW, YOU REALLY CHAMPIONED THE CAUSE OF LOS SEIS DE BOULDER AND THAT STATUE BEING PERMANENTLY PRESERVED AS PART OF THE UNIVERSITY'S ARCHIVES.

WE CONTINUE TO PUSH FOR A NEW NAME FOR TEMPORARY BUILDING ONE.

AND THAT'S ALL IN PART BECAUSE YOU WERE ABLE TO BRING THAT HISTORY OF FROM WHEN YOU WERE A STUDENT TO NOW TO YOUR SERVICE ON THE BOARD.

AND I THANK YOU IMMEASURABLY FOR THAT.

AND THE ONE THING AND I'M GOING TO AS EVERY REGENT COMES ACROSS HERE, THAT'S DEPARTING THE BOARD, I'M GOING TO SAY THE ONE THING THAT I REALLY LEARNED FROM EACH OF YOU AND THE ONE THING THAT I LEARNED FROM YOU, IRENE, IS THE IMPORTANCE OF LISTENING TO OUR STAFF, TO OUR STUDENTS, TO OUR FACULTY.

AND AS YOU ROTATE OFF THE BOARD, THAT WILL BE ONE AREA WHERE THIS BOARD WILL REALLY NEED TO STEP UP, BECAUSE OVER THE TIME YOU HAVE DONE SUCH A GOOD JOB IN PROVIDING THAT LEADERSHIP FOR US.

AND SO I WISH YOU WELL ON YOUR ON YOUR ADVENTURES BEYOND CU.

BUT I HOPE THAT WE CAN STAY IN TOUCH AND I CAN CONTINUE TO LEARN FROM YOU AND SEEK YOUR WISDOM.

THANK YOU AND ALL OF US, ALL OF US WILL BE AS REGENT EMERITUS, THEN REGENTS WE'LL BE FRIENDS FOREVER.

IT'S A VERY SPECIAL GROUP FOR ALL OF US TO BE PART OF.

IRENE, I CAN REMEMBER WHEN I FIRST MET YOU, I HAD DECIDED TO RUN AND I HAD NOT MET YOU YET, AND YOU AND LINDA WERE GOING TO THE HOLIDAY TEA PARTY, HOLIDAY PARTY TEA AND THEN THE CONCERT AFTERWARDS.

SO I REMEMBER GOING INTO KOENIG AND, YOU KNOW, THE THREE OF US YOU WENT UP AND ASKED PHIL FOR A QUIET PLACE TO MEET.

AND HE PROBABLY THOUGHT, WHAT THE HECK IS GOING ON WITH THIS.

[LAUGHTER] I DON'T KNOW IF YOU REMEMBER THAT, PHIL, BUT, YOU KNOW, YOU'VE BEEN SUCH A GREAT, YOU KNOW, HELPING ME SO MUCH TO GET UP AND RUNNING ON THE BOARD.

YOU KNOW, LINDA, ALSO, I'LL TALK ABOUT THAT LATER.

BUT, YOU KNOW, I SO APPRECIATE THE FACT THAT YOU INVITED ME TO MEET WITH THE AMERICAN INDIAN STUDENTS ON THE DENVER CAMPUS.

YOU KNOW, WE BOTH OF US HAVE A K-12 BACKGROUND AND THAT SHARED GOVERNANCE.

AND, YOU KNOW, WE'VE HAD A LOT OF IN-DEPTH CONVERSATIONS ABOUT THAT.

AND YOU CERTAINLY PUSH THAT.

SO YOU'VE DONE GREAT SERVICE ON THIS BOARD.

I THINK, YOU KNOW, WHAT BETTER WAY TO GO OUT THAN TO GET THESE TWO RESOLUTIONS PASSED.

SO I'M SO HAPPY FOR YOU.

AND I KNOW THAT I WILL BE CALLING YOU PRETTY FREQUENTLY FOR A WHILE.

YOU KNOW, IRENE, I NEED SOME ADVICE, SO HOPEFULLY YOU WON'T GET TOO TIRED OF ME CALLING.

NOT AT ALL.

THANK YOU VERY MUCH, LESLEY.

ANYONE ELSE, GLEN, IT'S KATHY, I HAVEN'T SAID ANYTHING AT ALL, MEETING I'VE BEEN A LITTLE UNDER THE WEATHER, BUT I WANTED TO SAY THANK YOU SO MUCH, IRENE.

SHE'S ALWAYS ONE OF THE FIRST PEOPLE TO REACH OUT TO ME AND SEE HOW THINGS ARE

[04:15:02]

GOING AND CHECK IN.

AND SO I WILL MISS AND APPRECIATE YOUR KIND WORDS AND THINGS THAT YOU'VE DONE TO HELP SUPPORT ME OVER THE LAST FEW YEARS.

I REALLY APPRECIATE YOU.

SO IRENE I REMEMBER IT DOESN'T IT SEEMS LIKE YOU AND LINDA AND JOHN JUST JOINED THE BOARD YESTERDAY IN SO MANY WAYS, BUT THE TIME HAS JUST GONE SO FAST.

THIS IS MIKE.

GO AHEAD TODD.

BUT I REALLY APPRECIATE HOW YOU'RE ALWAYS AND YOU'VE ALREADY HEARD IT FROM OTHERS.

YOU'RE A VOICE FOR PEOPLE WHOSE VOICES AREN'T ALWAYS HEARD.

AND SO IT'S A GREAT THING THAT YOU BRING TO THE TABLE AND IN YOUR THOUGHTFUL WAY OF LISTENING TO PEOPLE AND ENCOURAGING CONVERSATION AND IN LISTENING AND ENCOURAGING PEOPLE TO RESPECT EACH OTHER'S OPINIONS EVEN WHEN THEY DISAGREE, BECAUSE IT HAS BEEN A REALLY VALUABLE THING FOR THE BOARD.

SO I APPRECIATE THAT.

AND I, TOO, HAVE ENJOYED OUR TIME TOGETHER.

AND I KNOW THAT YOU'VE BEEN THROUGH A LOT OF CHANGES IN YOUR LIFE SINCE YOU CAME TO THE BOARD OF REGENTS.

AND I'M JUST [INAUDIBLE] THAT WE'VE BEEN ABLE TO BE HERE TOGETHER DURING ALL OF THAT.

AND I WISH YOU WELL IN THE YEARS TO COME.

SO THANK YOU FOR ALL THAT YOU'VE DONE FOR CU.

AND IRENE, I'D LIKE TO THANK YOU FOR REMINDING ME OF WHAT IT'S LIKE TO BE IN A SCHOOL WHERE YOU CANNOT SIT IN THE SEATS.

[LAUGHTER] SO WE HAD SEVERAL MEETINGS WHILE YOU WERE ACTING PRINCIPAL, I GUESS, AND AT THE SCHOOL AND I GO, WHERE AM I GOING TO SIT DOWN.

BUT TO BE ABLE TO TAKE TIME OUT OF A BUSY DAY, RUNNING A SCHOOL TO MEET WITH ME, TO TALK ABOUT UNIVERSITY BUSINESS, REALLY APPRECIATE THE DEDICATION.

AND IT'S BEEN A PLEASURE TO KNOW YOU OVER THE YEARS.

AND I HOPE YOU SPEND MORE TIME ON PHOTOGRAPHY AFTER THIS.

I WILL.

I'M GOING TO.

AND WE'RE GOING TO I KNOW THERE'S A LOT OF PEOPLE TO WEIGH IN YET.

WE'RE GOING TO DO ONE MORE THAN WE'RE GOING TO DO JOHNS AND LISTEN TO SIX TESTIMONIALS OR WHATEVER, AND THEN WE'LL GO TO LINDA AND THEN WE'LL COME BACK AND DO KIND OF A ONE, TWO, THREE AS WELL.

I WANT TO MAKE SURE THAT OUR OTHER TWO REGENTS GET INVOLVED AND INCLUDED AS WELL.

SO HOW ABOUT ONE MORE AND THEN WE'LL DO JOHN'S.

I'LL JUMP IN AND SAY THANKS FOR OVERLOOKING ME SPILLING MY COFFEE ON OUR FIRST MEETING.

AND AMONG THE MANY THINGS YOU TAUGHT ME IS THAT THERE'S A MAGICAL, MYSTICAL PLACE CALLED [INAUDIBLE] THAT TAKES ON THE CAMELOT [INAUDIBLE] QUALITIES.

AND IT WAS GREAT TO HEAR THE WONDERFUL LESSONS THAT YOU HAVE FROM YOUR TIME THERE.

AND YOU HAVE BEEN A CHAMPION FOR THE FIRST CITY INCLUSION, EQUITY.

AND WE VERY MUCH APPRECIATE THAT AND WILL COUNT ON YOU TO CONTINUE TO BE AN ADVISER AND A COUNSELOR IN THE FUTURE.

SO THANK YOU SO MUCH IRENE FOR ALL YOU HAVE DONE AND I KNOW ALL THAT YOU CONTINUE TO BE WILLING TO DO FOR THE UNIVERSITY.

AND YOU CAN CALL ON ME ANY TIME I APPRECIATE IT.

AND WE'RE GOING TO GET BACK FOR MORE.

BUT WE'RE GOING TO YOU KNOW IT'S REALLY TOUGH TO DO IT ONLINE LIKE THIS.

SURE WOULD BE NICE IF WE WERE ALL TOGETHER.

JOHN, WE'LL DO JOHN'S AND SUE IS GOING TO READ HIS RESOLUTION.

OKAY.

RESOLUTION OF APPRECIATION TO JOHN CARSON.

CHAIR GALLEGOS.

WHEREAS REGENT JOHN CARSON WAS ELECTED TO THE UNIVERSITY OF COLORADO BOARD OF REGENTS IN 2014 REPRESENTING COLORADO'S 6TH CONGRESSIONAL DISTRICT, WHEREAS REGENT CARSON IS THE CEO ALUMNUS WHO EARNED BOTH HIS BACHELOR'S AND LAW DEGREES AT THE UNIVERSITY OF COLORADO BOULDER RECEIVED CU'S THOMAS JEFFERSON AWARD IN 1983 RECEIVED A DEGREE IN TAX LAW FROM GEORGETOWN UNIVERSITY AND HAS SERVED ON THE C.U.

ALUMNI BOARD, WHEREAS REGENT CARSON HONORABLY SERVED IN THE UNITED STATES MARINE CORPS RESERVES, WHEREAS REGENT CARSON SERVED AS ROCKY MOUNT REGIONAL DIRECTOR FOR THE U.S.

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

WHEREAS REGENT CARSON SERVED THE EDUCATIONAL COMMUNITY AS PRESIDENT OF THE DOUGLAS COUNTY BOARD OF EDUCATION FROM 2009 TO 2013 AND WAS NAMED THE TOP EDUCATION

[04:20:05]

THINKER OF 2012 BY THE DENVER POST.

WHEREAS REGENT CARSON ADVANCED THE WORK OF THE BOARD OF REGENTS BY SERVING AS CHAIR OF THE UNIVERSITY AFFAIRS AUDIT AWARDS AND INTERCOLLEGIATE ATHLETICS COMMITTEE'S VICE CHAIR OF THE FINANCE AUDIT LAWS AND POLICIES IN INTERCOLLEGIATE ATHLETICS COMMITTEES, AND ALSO IS A MEMBER OF THE GOVERNANCE COMMITTEE AND THE SPECIAL ACADEMIC AFFAIRS SUBCOMMITTEE.

WHEREAS REGENT CARSON HAS ADVOCATED FOR MAINTAINING THE AFFORDABILITY OF THE UNIVERSITY OF COLORADO TO STUDENTS AND THEIR FAMILIES.

WHEREAS REGENT CARSON HAS A DEEP COMMITMENT TO FREEDOM OF SPEECH AND HIGHER EDUCATION AND ADVANCED REGENT LAWS AND POLICIES PROMOTING FREEDOM OF EXPRESSION FOR UNIVERSITY OF COLORADO STUDENTS, FACULTY AND STAFF.

WHEREAS REGENT CARSON IS COMMITTED TO THE GUIDING PRINCIPLE THAT THE UNIVERSITY'S PROGRAMS SHOULD ENSURE THE RICH INTERCHANGE OF IDEAS IN THE PURSUIT OF TRUTH AND LEARNING, INCLUDING DIVERSITY OF POLITICAL, GEOGRAPHIC, CULTURAL, INTELLECTUAL AND PHILOSOPHICAL PERSPECTIVES.

WHEREAS REGENT CARSON INTRODUCED AND FACILITATED THE ADOPTION OF REGENT POLICIES TO ENSURE MEANINGFUL COMMUNITY PARTICIPATION IN SEARCHES FOR ACADEMIC LEADERS.

WHEREAS REGENT CARSON SUPPORTED ACADEMIC INITIATIVES TO ADVANCE CIVIC LITERACY AT THE UNIVERSITY OF COLORADO, INCLUDING THE STUDY OF THE UNITED STATES CONSTITUTION AND THE PRINCIPLES OF DEMOCRACY.

WHEREAS REGENT CARSON HAS SERVED THE UNIVERSITY OF COLORADO AND THE BOARD OF REGENTS HONORABLY NOW, THEREFORE, BE IT RESOLVED THAT THE BOARD OF REGENTS EXPRESSES ITS DEEPEST APPRECIATION AND BESTOWS THE TITLE OF REGENT EMERITUS ON JOHN CARSON FOR HIS SIX YEARS OF EXCELLENT SERVICE AND DEDICATION TO THE UNIVERSITY OF COLORADO ON BEHALF OF THE PEOPLE OF COLORADO.

HEREBY ADOPTED BY THE UNIVERSITY OF COLORADO BOARD OF REGENTS ON NOVEMBER 12TH, 2020, SIGNED BY THE CHAIR OF THE BOARD OF REGENTS CHAIR GALLEGOS.

IS THERE A MOTION TO ADOPT THIS RESOLUTION.

SO MOVED.

SO MOVED BY HEIDI GANAHL.

I DIDN'T CATCH THE NAME IRENE.

I SECOND IT.

OK, AND ALL IN FAVOR SAY AYE.

YOU KNOW THAT NINE ZERO VOTE WAS REALLY FOR MORE CIVICS.

OPPOSED SAY NO.

[LAUGHTER] AND THAT'S ONE WAY WE GOT CIVICS THROUGH, RIGHT.

GOOD JOB.

WAY TO GO JOHN.

YOU REALLY DID THAT PRETTY WELL.

SO WITH THAT FLOOR'S OPEN.

CAN I JUMP IN CHAIR GALLEGOS.

AND I SAT DOWN.

HE AND HE AND I HAD A LITTLE TALK TOGETHER ABOUT WHO WOULD BE A REALLY GREAT REGENT TO SERVE IN CD SIX TO REPLACE JIM [INAUDIBLE].

AND THERE WAS ONLY ONE NAME THAT COULD RISE TO THE TOP, AND THAT WAS JOHN CARSON.

SO THE CHALLENGE FOR US WAS TO CONVINCE JOHN CARSON THAT THIS WAS THE RIGHT JOB FOR HIM.

AND I AM SURE HE WOULD COMPLETELY AGREE WITH US.

IT WAS THE RIGHT DECISION.

RIGHT, JOHN? DON'T ANSWER.

SO THEREFORE, JIM [INAUDIBLE] AND I MET WITH JOHN AT THE COOL RIVER CAFE AND WE HAD LUNCH.

IT SEEMS LIKE THE COOL RIVER CAFE BECAME THE PLACE OF RECRUITING REGENTS FOR ME.

AND I NEVER HAD A MOMENT OF DOUBT THAT JOHN CARSON WAS THE BEST CHOICE, THE RIGHT CHOICE.

I AM GRATEFUL TO YOU, JOHN, FOR YOUR SERVICE.

I WAS GRATEFUL TO YOU FOR YOUR SERVICE WHEN YOU SERVED ON THE DOUGLAS COUNTY SCHOOL BOARD.

AND THE FIRST TIME I MET YOU IS WHEN YOU AND I WERE IN THE SAME CLASS FOR LEADERSHIP PROGRAM AT THE ROCKIES.

2010, 2011.

THE BEST CLASS EVER.

AND THAT'S WHEN I FIRST CAME TO KNOW YOU AND THEN YOUR SERVICE ON THE DOUGLAS COUNTY SCHOOL BOARD.

AND IN SERVING WITH YOU OVER THESE LAST SIX YEARS HAS BEEN SUCH AN HONOR.

AND YOU'VE TAUGHT ME A LOT.

[04:25:01]

YOU'VE TAUGHT ME A LOT ABOUT PATIENCE.

AND I'M DEFINITELY NOT A PATIENT PERSON.

BUT I'VE WATCHED YOU.

I'VE WATCHED YOU STEADY, SOMETIMES ROUGH, ROUGH WATERS AND CONTROVERSY IN A VERY PATIENT AND DELIBERATE AND THOUGHTFUL MANNER.

AND I LOOK UP TO YOU AS MY ROLE MODEL OF HOW I WANT TO BE A BETTER REGENT.

I'M GOING TO MISS YOU.

I'M GOING TO MISS HAVING YOU AS MY ROLE MODEL.

AND I'M GRATEFUL THAT YOU ACCEPTED OUR STRONG ARM TACTICS AT THE COOL RIVER CAFE.

HEY CAN I JUMP IN [INAUDIBLE].

SURE.

I JUST WANT TO TELL A FUNNY STORY OR A FUNNY NOTE ABOUT JOHN, I MEAN, JOHN, YOU'RE ONE OF MY FAVORITE PEOPLE.

I JUST LOOK UP TO YOU SO MUCH AND YOU'RE SUCH A WARRIOR FOR WHAT YOU BELIEVE IN.

BUT I HAVE HAD THE HARDEST TIME FOLLOWING YOU IN EVERY VOTE THAT WE DO.

YOUR AMAZING SPEECHES LIKE BLOW ME OUT OF THE WATER AND THEN I HAVE TO SPEAK RIGHT AFTER YOU BECAUSE THE ALPHABETICAL ORDER AND I'M ALWAYS LIKE DUMBFOUNDED BECAUSE THEY'RE SO AMAZING.

[LAUGHTER] SO I THINK YOU HAVE DEFINITELY HAVE A FUTURE IN PUBLIC SPEAKING AND PROBABLY COULD GET PAID BIG BUCKS FOR THAT.

BUT THAT'S MY STORY.

YEAH, HEIDI, I ACTUALLY WROTE DOWN SOME THINGS AND IS EXACTLY THE SAME THING, SO THERE IS THIS TIME, I THINK IT WAS ON CIVICS MAYBE IT WAS ONE OF THE FOOTBALL COACH [INAUDIBLE] THAT WE'VE TAKEN.

AND I WROTE OUT MY WHOLE THING.

I SPENT LIKE AN HOUR WRITING THIS AND I THOUGHT I WAS GOING TO BE SUPER ELOQUENT AND LIKE NOW AND PROBABLY THEN TO PROBABLY TALK TOO MUCH.

AND THEN JOHN SPEAKS AND I LOOK AT JOHN AND HE'S READING OFF THESE LITTLE LIKE NOTES HE SCRIBBLED IN THE MARGINS ON HIS PAPER.

AND IT WAS THE MOST ELOQUENT THING EVER.

AND SO ELOQUENT AS YOU ARE, JOHN, YOU HAVE LEFT ME WITH THE PHRASE THAT I THINK WILL CERTAINLY GUIDE ME MOVING FORWARD.

AND THAT IS THAT YOU WHAT YOU LIKE TO SAY, IS THAT YOUR IDEA OF SHARED GOVERNANCE IS THAT THE REGENTS GET TO SHARE IN THE GOVERNING, TOO.

AND WE HAVE SOME BIG ISSUES THAT WE TACKLE.

AND I THINK THAT IS GREAT ADVICE.

IT'S IMPORTANT TO LISTEN TO EVERYBODY, BUT WE ALSO HAVE TO HAVE OUR SAY AND THINGS TOO JOHN.

AND ONE THING AND, YOU KNOW, YOU COME FROM THE REPUBLICAN PARTY AND I FROM THE DEMOCRATS.

BUT AT THE END OF THE DAY, WE DON'T REALLY HAVE REPUBLICAN ISSUES OR DEMOCRATIC ISSUES.

WE HAVE CU ISSUES.

AND THE MORE THAT THE NINE OF US MOVING FORWARD CAN FOCUS ON THOSE CU ISSUES, THE MORE THAT WE WILL GET TO SHARE IN THE GOVERNING OF THIS INSTITUTION.

SO THANK YOU, JOHN.

I WILL ONLY HOPE TO LIVE UP TO YOUR ELOQUENCE ONE DAY.

SO A LITTLE KNOWN FACT IS THAT JOHN AND I WORKED TOGETHER DECADES AGO.

HE WAS IN THE CONGRESSIONAL STAFFER WHEN I WAS IN CONGRESS AND HE IS A LIVING TESTIMONY TO SPENDING SOME TIME EARLY IN YOUR LIFE BEING A CONGRESSIONAL STAFFER HELPS TO BE THE GREAT SPEAKER THAT HE'S BECOME, HELPS TO BE THE STRONG ADVOCATE FOR CIVICS THAT HE BECOME.

SO, AS WE SAY, GOOD THINGS ABOUT JOHN AND THERE ARE MANY GOOD THINGS TO SAY.

I WOULD SAY THIS IS A FABULOUS LEGACY THAT YOU LEAVE.

AMONGST THE LEGACY IS ENCOURAGE ALL OF YOUR KIDS AND GRANDKIDS AS SOON AS THEY GET OUT OF COLLEGE, SPEND A YEAR OR TWO BEING A CONGRESSIONAL STAFFER, WHATEVER PARTY YOU ARE BASED ON THE GOOD TURNOUT THAT YOU'VE SEEN WITH JOHN.

SO, JOHN, I'D LIKE TO JUMP IN FIRST, YOU WOULD EXPECT ME TO SAY, YOU KNOW, IT'S BEEN GREAT WORKING WITH YOU AND SO FORTH, AND IT HAS, BUT THAT'S NOT THE STORY I WANT TO TELL.

WHAT I WANT TO LET EVERYONE KNOW IS WE THINK OF LEONARD AS BEING INCREDIBLY ORGANIZED, LISTS FOR EVERYTHING.

THIS IS WHAT IS GOING TO HAPPEN THIS WEEKEND WHEN I GET UP AND SO FORTH.

AND JOHN JUST DESTROYED LEONARD BECAUSE JOHN WAS DESCRIBING HOW HE TOOK HIS FAMILY ON VACATION TO ITALY.

AND IT WASN'T JUST WE'RE GOING TO GO AND SEE, YOU KNOW, FLORENCE IN THE DUOMO AND SO FORTH.

IT WAS, OH, NO, ON WEDNESDAY WE'RE GOING TO HAVE LUNCH HERE AND THEN WE'RE GOING TO HAVE A SNACK TWO HOURS LATER AT THIS PLACE AND THEN WE'RE GOING TO BE HERE.

EVERYTHING LAID OUT FOR THE ENTIRE TRIP.

THERE WAS INCREDIBLE AMOUNT OF ORGANIZATION.

AND LEONARD JUST GOT PALE AND DECIDED THAT, YOU KNOW, HE REALLY WASN'T THAT ORGANIZED.

SO THANK YOU SO MUCH FOR INTRODUCING US TO A REAL ORGANIZATION, JOHN.

[LAUGHTER] MY FAMILY DOESN'T ALWAYS APPRECIATE IT.

[LAUGHTER].

[04:30:01]

SO I'LL MAKE MINE REALLY QUICK.

JOHN, I WANT TO THANK YOU FOR YOUR FOUR PERCENT LEGACY, AND IT SEEMS LIKE EVERY REGENT LEAVES WITH ONE OR TWO THINGS THAT WERE THE BIG, BIG LEGACY ISSUES.

AND FOR ME, THEY'RE ALWAYS AROUND BUDGET AND FINANCE.

I'M NOT SURE WHY THAT IS.

BUT THAT IDEA OF YOURS THAT THE REST OF THE BOARD OBVIOUSLY SUPPORTED IT REALLY HAS HELPED US A LOT DURING THESE CHALLENGING TIMES.

SO THANK YOU FOR YOUR FORESIGHT ON THAT AND PLANNING AHEAD AND HELPING US GET THROUGH THESE TOUGH TIMES.

IT WAS REALLY YOUR IDEA, I JUST STOLE IT.

IF ONLY THAT WERE TRUE.

[LAUGHTER] WELL, HE OWNS IT TO JOHN BECAUSE HE'S GOT THE SLIDES ON IT, RIGHT? RIGHT.

I GOT [INAUDIBLE] A WHOLE NOTHER SECTION OF MY [INAUDIBLE] YEAH, SO WE'LL COME BACK TO JOHN AS WE WILL IRENE AND LESLEY, WILL YOU DO LINDA'S PLEASURE.

AND I'M HOPING THE MAIL CARRIER HAS NOT COME YET.

SO HOPEFULLY HE'S NOT COMING IN THE MIDDLE OF THIS AND JACKSON LETS LOOSE.

SO HERE IS THE RESOLUTION OF APPRECIATION TO LINDA SHOEMAKER.

WHEREAS REGENT LINDA SHOEMAKER WAS ELECTED TO THE UNIVERSITY OF COLORADO BOARD OF REGENTS IN 2014, REPRESENTING COLORADO'S 2ND CONGRESSIONAL DISTRICT.

WHEREAS REGENT SHOEMAKER IS A CU ALUMNA WHO EARNED A BACHELOR'S DEGREE IN JOURNALISM AT THE UNIVERSITY OF COLORADO, BOULDER, AND THEN EARNED A LAW DEGREE FROM THE UNIVERSITY OF DENVER.

WHEREAS PRIOR TO SERVING AS REGENT, REGENT SHOEMAKER WAS PRESIDENT OF THE BOULDER VALLEY SCHOOL BOARD DISTRICT BOARD OF EDUCATION, ESTABLISHING RELATIONSHIPS IN THE EDUCATIONAL COMMUNITY THAT BENEFITED THE UNIVERSITY OF COLORADO.

WHEREAS REGENT SHOEMAKER SERVED AS THE FOUNDING BOARD CHAIR OF THE BELL POLICY CENTER, AN ORGANIZATION DEEPLY COMMITTED TO PROMOTING ECONOMIC MOBILITY FOR CITIZENS IN THE STATE OF COLORADO, SHE WAS A CO-FOUNDER OF THE BRETT FAMILY FOUNDATION, PROVIDING CRUCIAL INVESTMENT IN ORGANIZATIONS WORKING FOR SOCIAL JUSTICE IN THE STATE OF COLORADO.

WHEREAS REGENT SHOEMAKER HAS SERVED ON AND SUPPORTED THE CU JOURNALISM PROGRAM ADVISORY BOARD, THE CU FOUNDATION BOARD OF TRUSTEES AND THE CU ADVOCATES PROGRAM.

WHEREAS THE REGENTS ELECTED REGENT SHOEMAKER AS THE VICE CHAIR OF THE BOARD OF REGENTS FOR 2017 TO 2018.

AND SHE WORKED IN THIS ROLE TO ENSURE STRONG COLLABORATION BETWEEN THE REGENTS AND THE UNIVERSITY OF COLORADO ADMINISTRATION.

WHEREAS REGENT SHOEMAKER ADVANCED THE WORK OF THE BOARD OF REGENTS THROUGH HER SERVICE AS CHAIR OF THE UNIVERSITY AFFAIRS AUDIT AWARDS AND INTERCOLLEGIATE ATHLETICS COMMITTEE'S.

VICE CHAIR OF THE FINANCE AUDIT LAWS AND POLICIES AND INTERCOLLEGIATE ATHLETIC COMMITTEES, AND ALSO AS A MEMBER OF THE GOVERNANCE COMMITTEE AND THE SPECIAL ACADEMIC AFFAIRS SUBCOMMITTEE.

WHEREAS REGENT SHOEMAKER HAS BEEN A TIRELESS ADVOCATE FOR SOCIAL JUSTICE IN THE UNIVERSITY OF COLORADO COMMUNITY WITH A COMMITMENT TO ENSURING THAT ALL FACULTY, STUDENTS AND STAFF ARE TREATED WITH DIGNITY, RESPECT AND EQUALITY OF OPPORTUNITY.

AND SHE HAS BEEN COMMITTED TO ENSURING THAT THE UNIVERSITY OF COLORADO CREATES A CULTURE OF COMPASSION AND CARE FOR VICTIMS OF SEXUAL AND INTERPERSONAL VIOLENCE.

WHEREAS REGENT SHOEMAKER HAS WORKED COLLABORATIVELY WITH THE UNIVERSITY OF COLORADO TO ENSURE THAT STUDENT ATHLETES ARE ABLE TO TRAIN, PRACTICE AND COMPETE SAFELY, AND SHE HAS ADVANCED THE UNIVERSITY OF COLORADO'S EFFORT TO PROMOTE SUSTAINABILITY AND SOUND ENVIRONMENTAL PRACTICES.

WHEREAS REGENT SHOEMAKER HAS SERVED THE UNIVERSITY OF COLORADO AND THE BOARD OF REGENTS HONORABLY.

NOW, THEREFORE, BE IT RESOLVED THAT THE BOARD OF REGENTS EXPRESSES ITS DEEPEST APPRECIATION AND BESTOWS THE TITLE OF REGENT EMERITA ON LINDA SHOEMAKER FOR HER SIX YEARS OF EXCELLENT SERVICE AND DEDICATION TO THE UNIVERSITY OF COLORADO ON BEHALF OF THE PEOPLE OF COLORADO.

AND WITH THAT, DO I HAVE A MOTION TO ACCEPT THIS.

IS THERE A MOTION.

[04:35:03]

I'LL MAKE A MOTION.

IRENE.

IRENE AND WHO WOULD LIKE TO SECOND.

WOW, WE'RE BATTING 100 THESE LAST THREE VOTES.

LINDA I WAS TEMPTED TO GO NO ON THAT ONE.

I MEAN, I WAS SERIOUSLY WORRIED GOING INTO THIS GUYS.

[LAUGHTER] WHAT WOULD HAPPEN IF WE DIDN'T HAVE A MAJORITY VOTE HERE, DOES THAT MEAN THEY HAVE TO STAY ON THE BOARD OR WHAT.

THEY DON'T GET THEIR ENGRAVED PLAQUE WITH ALL THAT.

SO IT'S OPEN.

SO JUMP IN THERE.

I WOULD LIKE TO MAKE A COMMENT, GLEN.

YOU KNOW LINDA AND I WILL PROBABLY BE FRIENDS FOREVER, SO I'M GOING TO CONTINUE MY RELATIONSHIP WITH HER AND HOPEFULLY WORKING WITH HER ON SPECIAL PROJECTS.

BUT, LINDA, I JUST WANT TO TELL YOU THAT YOUR PASSION FOR SOCIAL JUSTICE AND EQUITY, THE HEALTH AND WELFARE OF OUR ATHLETES, IS JUST SECOND TO NONE.

AND I HAVE ALWAYS DEEPLY APPRECIATED YOUR HAVING THE OPPORTUNITY TO, YOU KNOW, LISTEN, YOU'VE ALWAYS LISTENED.

YOU'VE ALWAYS BEEN A SUPPORT FOR ME.

YOU'VE ALWAYS HELPED ME IN RETHINKING.

AND I THINK WE HAD THAT SAME RELATIONSHIP OF REFLECTING WITH EACH OTHER.

AND SO I'M GLAD THAT FRIENDSHIP WILL CONTINUE.

BUT I JUST WANT TO PERSONALLY THANK YOU ALSO FOR HELPING ME THROUGH SOME DIFFICULT TIMES IN THESE LAST SIX YEARS.

YOU'RE ALWAYS THERE WITH ME AND JUST BEEN A VERY SPECIAL FRIEND.

AND I WON'T MISS YOU BECAUSE I'M GOING TO CONTINUE SEEING YOU.

WELL, I CERTAINLY HOPE WE CAN SEE EACH OTHER ON NOT ON ZOOM SOMETIME SOON.

WOULDN'T THAT BE REALLY NICE.

YEAH, AND IRENE YOU WERE INSTRUMENTAL IN ORIENTING ME, I WOULD SAY TO THE BOARD, YOU AND GLEN GALLEGOS ACTUALLY, I THINK SPENT TONS OF TIME WITH ME IN THE BEGINNING SEPARATELY HELPING ME GET UP TO SPEED AND HELPING ME UNDERSTAND WHAT I NEEDED TO KNOW TO DO THE JOB THAT I WANTED TO DO.

SO THANK YOU FOR THAT.

FLOOR IS OPEN.

LINDA, THIS HAS BEEN LIKE QUITE A JOURNEY, HASN'T IT? YES MA'AM.

YOU KNOW, I WAS THINKING OF RUNNING, YOU KNOW, AFTER SCHOOL BOARD REGENT WAS NEXT AND, YOU KNOW, MAYBE RUNNING WHEN LINDA RAN.

BUT, YOU KNOW, AS SOON AS I FOUND OUT SHE'S RUNNING, I SAID, GREAT, YOU KNOW, CAN I SERVE ON YOUR KITCHEN CABINET? AND SO, YOU KNOW, I ACTUALLY HAD NEVER REALLY GOTTEN VERY INVOLVED IN DEMOCRATIC POLITICS BECAUSE, YOU KNOW, SCHOOL BOARD IS YOU KNOW, IT'S NONPARTISAN.

AND THEN I WAS THINKING ABOUT RUNNING THIS YEAR WHEN YOU DECIDED THAT YOU MAY BE LEAVING, BUT THE CALL CAME FROM YOU TO CONSIDER RUNNING STATEWIDE TWO YEARS AGO.

SO IT'S FUNNY HOW THINGS WORK OUT.

AND I WON STATEWIDE AND CALI WILL BE JOINING US IN JANUARY.

SO, YOU KNOW, IT'S YOU'VE BEEN GREAT.

YOU KNOW, YOU'VE BEEN SO HELPFUL IN YOUR ADVICE AND, YOU KNOW, BOUNCING IDEAS OFF OF EACH OTHER AND HAVING GREAT CONVERSATIONS.

AND, YOU KNOW, I'M STILL GOING TO RIDE MY ELECTRIC BIKE, HOPEFULLY UP YOUR DRIVEWAY, AND WE CAN SHARE SOME WINE AND SOME GOOD FOOD AND HAVE GOOD CONVERSATIONS WHEN WE CAN SEE EACH OTHER AGAIN IN PERSON.

SO I KNOW WE WILL BE SEEING EACH OTHER.

AND I'M REALLY I'M SO THANKFUL FOR YOUR SERVICE AND ENJOY BEING AT THE BEACH.

[INAUDIBLE] YOU CAN SEE MY BACKGROUND [LAUGHTER].

WELL, I'D LIKE TO JUST SAY LINDA AND I, OF COURSE, WERE THE TWO NEWBIES ELECTED IN 2014 AND IRENE HAD ALREADY BEEN HERE.

BUT I THINK LINDA AND I HAVE ALWAYS HAD A SPECIAL SENSE THAT TOGETHER OUR MISSION WAS TO MAKE SURE THAT THE FULL RANGE OF THE POLITICAL SPECTRUM WAS REPRESENTED ON THE ON THE C.U.

BOARD OF REGENTS FROM ONE END WITH ME TO THE ONE END WITH LINDA.

BUT I FEEL LIKE WE'VE ALWAYS GOTTEN ALONG AND WE PROBABLY DISAGREED ON A LOT OF THINGS.

BUT I THINK WE BOTH TRIED TO DO OUR BEST TO REPRESENT IN A UNIVERSITY AND SUPPORT A UNIVERSITY THAT WE BOTH LOVE.

SO IT'S BEEN GREAT SERVING WITH YOU.

AND I DON'T KNOW WHERE SIX YEARS GO BECAUSE IT SEEMED LIKE I WAS JUST HAVING A PHONE CALL WITH YOU WHEN WE BOTH GOT ON THE BOARD.

AND SIX YEARS IS GONE BY, LIKE ALWAYS.

[04:40:01]

THAT'S RIGHT JOHN.

YOU KNOW, I REMEMBER THE DENVER POST ENDORSED BOTH OF US AT THAT TIME AND SAID, YOU KNOW, WELL, THEIR VOTES MIGHT CANCEL EACH OTHER OUT, BUT WE THINK THEY'RE BOTH GOING TO BE REALLY GOOD INFLUENCES ON THE BOARD OF REGENTS.

AND THERE'S ONE THING I COULD NEVER DO AS WELL AS YOU.

AND THAT'S RUN A MEETING.

I MEAN, YOU JUST HAD SUCH A NICE TOUCH.

AND LIKE WHEN I FIRST SAW YOU, I THINK IT WAS IN UNIVERSITY AFFAIRS WHEN YOU WERE IN THE CHAIR.

AND I JUST REALLY ADMIRED THAT.

LINDA, I REMEMBER THE FIRST TIME I MET YOU WAS MY VERY FIRST BOARD OF REGENTS MEETING, AND OF COURSE YOU WEREN'T ON THE BOARD AT THAT TIME.

AND AS YOU MAY RECALL, THAT FIRST REGENT MEETING WAS A VOTE ON CLOSING THE JOURNALISM SCHOOL.

AND OF COURSE, YOU AND I WERE EVEN THOUGH YOU WEREN'T ON THE BOARD AND VOTING, YOU STILL HAD MADE A RECOMMENDATION FOR THE CLOSURE OF THE JOURNALISM SCHOOL.

AND THAT WAS PROBABLY THE BEGINNING OF YOU AND I DISAGREEING WITH ONE ANOTHER.

AND WE SHARED LOTS OF DISAGREEMENTS ALONG THE WAY.

BUT WE'VE ALSO SHARED AREAS WHERE WE DO AGREE AND WE HAVE FOUND COMMON GROUND.

YOU HAVE PUSHED ME A LITTLE BIT OUTSIDE OF MY COMFORT ZONE.

YOU REMEMBER A LITTLE INCIDENT AT OUR BOULDER MEETING IN THE WELL, I DON'T KNOW.

SHOULD I SAY IT, LINDA, THE.

DO YOU REMEMBER THE.

YES, NOW I KNOW WHAT YOU'RE DOING.

YES, GO FOR IT.

I KNOW WHAT YOU'RE GOING TO SAY.

OUR RESTROOMS THERE AT UMC HAD BEEN CHANGED TO GENDER NEUTRAL RESTROOMS. AND MAN, I HAD TO GO TO THE BATHROOM REALLY, REALLY BAD DURING THAT MEETING.

AND I WENT TO BREAK AND I WAS NOT ABOUT TO GO INTO A RESTROOM THAT MEN WERE GOING TO COME INTO.

SO I WAS IN A LITTLE BIT OF A JAM.

I CAME BACK AND LINDA SHOEMAKER BY GOLLY, YOU DRAGGED ME IN THERE KICKING AND SCREAMING.

[LAUGHTER] SHE GOT ME IN THERE.

I JUST LAUGHED AND LAUGHED THINKING ABOUT BEING IN THERE AND HAVING STEVE BOSSLEY WALK IN.

OH, MY.

I HAVE TO SAY IT WAS QUITE UNCOMFORTABLE AND I HAVEN'T DONE THAT SINCE.

BUT ALSO AND YOU KNOW I WANT TO THANK YOU, TOO, BECAUSE IN SPITE OF WHATEVER TIMES WHERE YOU AND I HAVEN'T AGREED ON PARTICULAR ISSUES, YOU HAVE BEEN SUPPORTIVE OF ME.

AND AND I WILL ALWAYS REMEMBER.

AND IN FACT, I STILL HAVE THE LETTER THAT YOU SENT ME A HANDWRITTEN LETTER AND IT WAS SO SWEET AND THOUGHTFUL.

AND YOU SENT ME MY VERY FIRST CONTRIBUTION CHECK WHEN I RAN FOR REELECTION.

AND, YOU KNOW, IN WHAT A REALLY SUPER NICE AND GENEROUS GESTURE THAT EVEN THOUGH YOU'RE DEMOCRAT, I'M REPUBLICAN.

BUT TO REACH OUT AND SAY THAT YOU SUPPORTED ME, THAT MEANT SO, SO MUCH TO ME.

AND I THANK YOU FOR THAT.

AND I THANK YOU FOR YOUR SERVICE ON THE BOARD AND FOR THE YEAR THAT YOU AND I WERE ABLE TO SERVE TWO WOMEN TOGETHER LEADING THIS BOARD OF REGENTS AS A CHAIR AND VICE CHAIR.

AND THAT WAS GREAT TO HAVE THAT EXPERIENCE TOGETHER.

SO THANK YOU FOR YOUR SERVICE, LINDA.

[LAUGHTER] AND SHE MIGHT BE SORRY ABOUT THAT.

YOU SUPPORTED SUE.

AND YOU.

WIDE OPEN JUMP IN.

WELL, I WOULD JUST SAY, LINDA, JUST AS IRENE INTRODUCED ME TO THE WONDERS OF JEFFCO, IT WAS GREAT TO COME TO YOUR HOUSE AND HAVE COFFEE WITH YOU AND LESLEY AND BE INTRODUCED TO THE MARVELS OF BOULDER.

AND THERE'S ABSOLUTELY NO DOUBT EVER IN ANYBODY'S MIND, THAT YOU HAVE A PASSION FOR THE FACULTY, THE STAFF, THE STUDENTS OF CU.

YOU'RE A TREMENDOUS ADVOCATE FOR THEM.

AND YOUR VOICE IS ALWAYS ADDING TO THE CONVERSATION.

I VERY MUCH ENJOYED WORKING WITH YOU AND LOOK FORWARD TO CONTINUING TO BE IN DIALOG WITH YOU AND IN MANY WAYS IN THE YEARS TO COME.

THANK YOU SIR.

OK, SO BEFORE BEFORE IT WAS A THING TO GET INFORMATION ABOUT ELECTIONS AND CANDIDATES AND BALLOT MEASURES ONLINE, LINDA, ONE OF HER FIRST PROJECTS I REMEMBER WAS TO TRY TO CREATE AN ONLINE RESOURCE FOR COLORADANS TO GET INFORMATION ON BALLOT MEASURES AND CANDIDATES.

BALLOT MAKER WE CALL IT.

YEP SO THAT WAS THAT WAS QUITE A WHILE AGO.

YEAH, ABOUT TEN YEARS BEFORE ITS TIME.

10 YEARS BEFORE IT'S TIME.

BUT I THINK THAT SAYS A LOT ABOUT YOU.

[04:45:03]

AND I THINK YOU BROUGHT THAT TO THE BOARD.

AND IT'S YOUR COMMITMENT TO TRYING TO ALWAYS TO LOOK AHEAD AND TRYING TO INCLUDE PEOPLE AND INFORM PEOPLE AND KEEP THEM IN THE LOOP AS THE BOARD [INAUDIBLE] FOR THIS WORK.

AND SO I APPRECIATED THAT.

AND I DO THINK YOUR FOCUS ON ATHLETICS AND ON AN ATHLETES SAFETY.

AND I KNOW IT'S CONTROVERSIAL STUFF, BUT IT'S ALSO SOMETHING THAT YOU'RE CLEARLY PASSIONATE ABOUT AND IT'S SOMETHING THAT YOU WERE ABLE TO BRING A LOT OF ATTENTION TO.

AND I THINK THAT'S GOING TO CONTINUE FOR MANY YEARS TO COME ALL OVER THE COUNTRY.

SO I APPRECIATE ALL THAT YOU'VE BROUGHT TO THE BOARD AND I APPRECIATE OUR FRIENDSHIP OVER THE YEARS.

AND YOU ARE ONE OF THE WONDERS OF BOULDER.

SO I'LL SEE YOU AROUND.

I'VE HAD THE PRIVILEGE OF WORKING WITH MANY REGENTS OVER THE YEARS, AND I'VE HONESTLY FOUND THAT THEY ALL HAVE A LOVE FOR THE UNIVERSITY AND THEY ALL WANT IT TO BE ITS BEST.

I'VE SEEN THE PASSION THAT EACH OF THE THREE RETIRING REGENTS BRING TO THE BOARD AND THE ISSUES THAT EACH OF YOU FEEL STRONGLY ABOUT.

IRENE, I SPENT A GOOD DEAL OF TIME WITH YOU OVER THE YEARS AND PART BECAUSE OF YOUR LEADERSHIP ROLES ON THE BOARD, BUT ALSO BECAUSE WE LIVE IN THE SAME NEIGHBORHOOD.

I'VE ALWAYS ENJOYED OUR OPEN, HONEST DISCUSSIONS.

ALSO KNOW THE PERSON OR THE PASSION THAT YOU HAVE FOR STANDING UP FOR CU'S DIVERSE COMMUNITY.

AND JOHN I'VE ALWAYS APPRECIATED THE WAY YOU APPROACH YOUR BUSINESS ON THE BOARD.

YOU MAKE IT CLEAR WHERE YOU STAND THERE'S NO DRAMA, NO SURPRISES.

YOU SHARE WHY YOU FIGHT FOR, WHAT YOU BELIEVE IN, AND YOUR PASSION COMES THROUGH.

AND LINDA, YOUR LOVE OF THE STUDENTS AND YOUR COMMITMENT TO THEIR SUCCESS AND YOUR QUEST FOR JUSTICE SOMETIMES RAISES CONCERNS BY OTHERS.

BUT YOU NEVER BACKED DOWN BECAUSE YOU BELIEVE IN WHAT YOU ARE DOING.

AND I REALLY ADMIRE THAT.

I BELIEVE THAT EACH OF YOU DO WHAT YOU BELIEVE IS BEST FOR CU AND ITS STUDENTS, FACULTY AND STAFF.

AND THAT'S WHY THAT'S WHAT THE THREE OF YOU HAVE IN COMMON.

SO THE ROLE OF THE REGENTS CAN BE VERY DIFFICULT AT TIMES, BUT THAT'S THE JOB YOU SIGNED UP FOR.

I KNOW EACH OF YOU HAVE TAKEN YOUR ROLE AS REGENT WITH THE SERIOUSNESS IT DESERVES.

SO IRENE, JOHN, AND LINDA, THANKS TO THE SERVICE YOU PROVIDED TO CU.

IF I MAY.

I DON'T HAVE THE HISTORY THAT ALL OF YOU HAVE WITH THESE THREE REGENTS.

BUT I WILL HAVE TO TELL YOU IN THESE FOUR MONTHS.

YES, IT'S JUST BEEN FOUR MONTHS FEELS A LOT LONGER THAN THAT.

BUT THESE FOUR MONTHS, YOU HAVE LEFT INDELIBLE MARK ON ME PRIMARILY BECAUSE OF YOUR DEVOTION TO THIS INSTITUTION.

YOU KNOW, OBVIOUSLY, YOU HAVE DIFFERING OPINIONS ABOUT WHAT'S BEST FOR THE INSTITUTION AND DIFFERENT PHILOSOPHIES.

BUT I THINK NO ONE CAN QUESTION YOUR COMMITMENT TO THIS INSTITUTION AND THE STUDENTS WHOSE LIVES YOU SEEK TO TRANSFORM.

BUT MORE SPECIFICALLY, AS TO EACH OF YOU, IRENE, I'LL NEVER FORGET HOW YOU REACHED OUT TO ME EVEN BEFORE I STARTED THE JOB TO TRY TO MENTOR ME IN WHAT TO EXPECT AND SO I COULD HIT THE GROUND RUNNING EFFECTIVELY.

AND NOT TRIP ON MYSELF.

JOHN, AS ALWAYS, A GENTLEMAN, WE SHARE SOMETHING IN COMMON IN THE SENSE THAT WE PROBABLY WALKED THE HALLWAYS OF CAPITOL HILL AT THE SAME TIME.

WE DIDN'T KNOW IT AT THAT POINT IN TIME.

BUT WE SHARE A LOVE ALSO OF POLITICS AND POLITICAL HISTORY.

AND I HOPE YOU'LL READ THE NEXT THAT BOOK ON JIM BAKER AND HIM BEING THE CHIEF OF STAFF TO GEORGE BUSH.

AND LINDA, ONE OF THE THINGS I'VE ADMIRED ABOUT YOU IS OBVIOUSLY YOUR PASSION, BUT THE FACT THAT THIS SITUATION WITH RESPECT TO WILKINS, YOU PROBABLY KNEW THAT AT THE END OF THE DAY, I WOULD DIFFER WITH YOU ON WHAT YOUR POSITION WOULD BE.

BUT WE WORK PROFESSIONALLY WELL TOGETHER.

YOU ARE BIG ENOUGH TO DO THAT.

AND I JUST HOPE THAT YOU UNDERSTAND [INAUDIBLE] THAT'S MY ROLE THAT'S YOUR ROLE, BUT YOU WERE BIG ENOUGH TO ADAPT TO THAT AND ACCOMMODATE THAT.

FOR ALL OF YOU, I REALLY APPRECIATE YOU HELPING ME TRANSITION TO THIS ROLE AS SECRETARY.

CAN I FOLLOW UP ON THAT? ABSOLUTELY.

SO JOSE HAD FOUR MONTHS AND I HAD ABOUT EIGHT YEARS WITH JOHN AND LINDA AND IRENE, AND I WANTED TO THANK ALL THREE OF YOU FOR THE TIME THAT YOU GAVE ME.

WE WORKED ON A LOT OF DIFFERENT ISSUES TOGETHER, BUT IT WASN'T THE TIME DRAFTING RESOLUTIONS OR SITTING IN COMMITTEE MEETINGS OR EVEN BEING AT THE RETREATS THAT MADE A DIFFERENCE.

IT WAS THAT TIME I GOT TO SPEND ONE ON ONE WITH EACH OF YOU TO BE ABLE TO UNDERSTAND WHO YOU ARE AS PEOPLE, TO UNDERSTAND WHAT MOTIVATES YOU, WHERE YOU GET YOUR PASSION, AND TO UNDERSTAND WHY YOU HUNG IN THERE.

CONTINUED TO DO A JOB WHERE I ALWAYS SAY IT'S THE HARDEST JOB THAT ANYBODY DOES FOR THE LEAST AMOUNT OF PAY AND THE LEAST AMOUNT OF RECOGNITION AND THANKS.

AND TODAY IS A TIME WHEN WE CAN THANK YOU FOR WHAT YOU DID.

[04:50:05]

YOU ALL HAVE CONTRIBUTED TO THE UNIVERSITY.

YOU'RE ALL GOING TO BE PEOPLE WHO WILL CONTINUE TO CONTRIBUTE TO THE UNIVERSITY.

BUT MORE THAN THAT, I'M REALLY GLAD THAT I GOT A CHANCE TO KNOW YOU AND CAN CONSIDER YOU FRIENDS.

THAT MEANS A LOT TO ME.

IF YOU JUMP IN, WE'LL DO A COUPLE MORE HERE, SO JUST QUICKLY, JOHN AND LINDA, I JUST WANT TO SAY THANKS FOR BEING NICE TO THE LITTLE GUY.

ALWAYS BEEN GREAT TO UCCS AND HAVE BEEN VERY SUPPORTIVE.

I MEAN, YOU SUPPORTED ON BOTH EXTREMES AND ANYTHING THAT CAME UP.

SO I REALLY APPRECIATE YOUR LEADERSHIP.

AND I MEAN, YOU CARE ABOUT OUR STUDENTS, FACULTY AND STAFF BEING VERY SUPPORTIVE CHALLENGED US WHEN YOU NEEDED TO.

BUT AT THE END OF THE DAY, YOU CARED ABOUT OUR STUDENTS.

AND SO I JUST WANT TO SAY THANK YOU FROM UCCS AND I REALLY APPRECIATE IT AND WISH YOU ALL NOTHING BUT THE VERY BEST.

THANK YOU SO I HAD SOMETHING TO SAY FOR LINDA AND TODD HIT ON IT, YOU KNOW, YOU REALLY I CAN STILL VIVIDLY REMEMBER IT.

YOU DIDN'T TELL ANYBODY.

WE WERE SITTING IN UMC 235 AND YOU GAVE A SORT OF A, YOU KNOW, SOMETHING THAT DOESN'T HAPPEN A LOT OF VICE CHAIR REPORT.

AND YOU BROUGHT ABOUT A LOT OF INFORMATION TO THIS BOARD AND A LOT OF INFORMATION TO THE PUBLIC DIALOG AROUND THE SAFETY OF COLLEGIATE ATHLETICS, PARTICULARLY FOOTBALL AS WELL AS YOU KNOW.

AND YOU HAVE CONTINUED TO BE SINCE THEN AND ADVOCATE FOR REFORM OF THE UNDERLYING ECONOMIC SYSTEM OF COLLEGIATE ATHLETICS.

AND THAT'S A THAT'S A REPUTATION THAT WILL STICK WITH YOU FOREVER.

YOU WERE THE FIRST AT A POWER FIVE SCHOOL TO REALLY QUESTION THOSE THINGS.

AND AS SOMEONE WHO CAMPAIGNED ON THOSE ISSUES AND HAD NOT YET SPOKEN ABOUT THEM, IT HAS GIVEN ME SO MUCH MORE ABILITY AND FREEDOM TO RAISE THESE ISSUES.

AND I HOPE TO CONTINUE TO PRODUCTIVELY RAISE THOSE ISSUES MOVING FORWARD.

AND SO, YOU KNOW, LINDA, YOU'VE ALWAYS BEEN, YOU KNOW, TO SAY, YOU KNOW, AT THE LEAST BIT OUTSPOKEN AND HAVE SHARED YOUR OPINIONS.

YOU KNOW, YOU'VE TAUGHT ME THE IMPORTANCE OF STANDING UP AND SHARING YOUR VOICE AND STANDING UP FOR WHAT YOU BELIEVED IN.

AND I HOPE AND KNOW THAT THIS BOARD WILL CONTINUE TO HAVE MEMBERS WHO SHARE THAT SAME PASSION.

SO THANK YOU, LINDA.

THANK YOU, JACK.

WELL, LINDA, I DON'T MIND TELLING YOU THAT I WONDER HOW MUCH INTEREST YOU HAVE IN ALL OF THE NEWSPAPERS IN COLORADO, BECAUSE I WAS NEVER SURPRISED WHEN I'D PICK ONE UP AND FIND AN [INAUDIBLE] ED FROM LINDA IN THERE.

YOU KEPT ME AWAKE A LOT A NIGHTS BELIEVE ME.

AND IRENE ONE OF THE THINGS I REALLY RESPECT ABOUT YOUR LONG TENURE IS HOW MANY PEOPLE I TALKED TO THAT HAVE BEEN IN THE EDUCATION BUSINESS.

AND THEY'LL SAY, YOU KNOW, IRENE? AND I SAY, YEAH, I DO.

AND IT'S THE MENTORSHIP THAT YOU PROVIDED FOR SO MANY YOUNG PROFESSIONALS AROUND THE ENTIRE STATE AND MAYBE BEYOND.

BUT THAT'S SOMETHING THAT I THINK YOU CAN BE REALLY PROUD OF.

AND, YOU KNOW, JOHN CARSON, I WOULD LOOK AROUND AND WE'D BE IN LAS VEGAS AND THERE'S JOHN CARSON AND LIAM AT A BASKETBALL GAME, OR WE'D BE AT AT UNIVERSITY OF CALIFORNIA, BERKELEY, AND LOOK AROUND.

AND THERE IS JOHN CARSON AND LIAM, YOUR LOVE OF ATHLETICS AND THOSE KINDS OF THINGS, I THINK BROUGHT US CLOSE AS WELL AND MADE IT EASIER FOR US TO WORK ALSO.

SO, YOU KNOW, WHAT DO YOU LOSE WHEN YOU LOSE THREE REGENTS FROM A BOARD YOU LOSE HISTORY AND YOU LOSE KNOWLEDGE AND YOU LOSE PERSONALITIES.

AND, YOU KNOW, I THINK THAT PEOPLE ARE LETTING YOU KNOW TODAY THAT THEY'RE GOING TO MISS YOU, THAT THEY ENJOYED KNOWING YOU.

AND I HOPE YOU WON'T BE STRANGERS, ALTHOUGH WHEN IRENE SAYS, LINDA AND I ARE GOING TO WORK ON PROJECTS TOGETHER.

BUT I'M A LITTLE AFRAID THEY'RE GOING TO BE CU PROJECTS, RIGHT? OR ARE THEY GOING TO BE LIKE KNITTING OR OR HIKING OR WHAT? NO.

I'M CONCERNED HERE.

[INAUDIBLE] SO IS PRESIDENT KENNEDY, BY THE WAY.

ACTUALLY, I'M JUST TEASING.

BUT SO WE DO LOSE A LOT.

ONE OF THE THINGS THAT WE'RE TRYING TO DO IS IT'S BEEN A TOUGH YEAR AND REGENTS WE WORK HARD.

I MEAN, TODAY'S AN EXAMPLE OF IT, OF HOW HARD WE WORK.

AND SOMETIMES YOU DON'T GET A LOT OF PLAUDITS AND PATS ON THE BACK AND STUFF.

[04:55:06]

SO THAT AWAY TRIP FOR A FOOTBALL GAME IS BIG.

SEASON TICKETS TO FOOTBALL GAMES ARE BIG AS WELL AS I KNOW GRADUATIONS WERE SO IMPORTANT TO YOU.

SO WITH SOME COOPERATION FROM OUR GOOD PRESIDENT AND FROM JOSE AND OTHERS, WE'RE GOING TO TRY TO, IF WE EVER GET BACK TO NORMAL, REINSTATE YOUR LAST YEAR, WHICH SAYS WE'RE GOING TO INVITE YOU TO A GRADUATION OF YOUR CHOICE, WHERE YOU CAN SIT ON THE STAGE AND FOOTBALL TICKETS IF YOU WANT THEM.

AND AN AWAY TRIP, WHICH WE MISSED ALL THIS YEAR.

I THINK THAT THAT'S A SMALL PRICE TO GIVE YOU FOR ALL THE WORK THAT YOU'VE HAD.

AND BELIEVE ME, IT'S BEEN NO FUN WORKING ON ZOOM THIS WHOLE TIME.

BUT YOU KNOW WHAT WE'VE GOTTEN IT DONE AND WE'VE DONE SOME GOOD THINGS.

SO I'M HOPING THAT JOSE IS A TOUGH GUY.

I DON'T KNOW IF HE'LL LET ME GET AWAY WITH WHAT I JUST TALKED ABOUT.

BUT I THINK I'LL MAKE A RUN FOR IT IN TERMS OF PROVIDING THOSE THINGS.

SO, YOU KNOW, IF PEOPLE DIDN'T GET AN OPPORTUNITY TO JUMP IN AND IF NOT I'M SURE THAT YOU CAN SEND THEM AN EMAIL OR CALL THEM OR WHATEVER, AND BUT I THINK IT'S BEEN A LONG DAY AND I THINK PEOPLE ARE PROBABLY READY TO JUMP ON TO SOME OTHER THINGS SO.

ABOUT OUR LAST YEAR, BECAUSE THERE IS A LOT THAT SO MANY OF US HAVE MISSED.

AND IF THERE'S ANY WAY WE CAN RECAPTURE SOME OF THAT WITH ALL OF YOU AND BE ABLE TO JUST HAVE A DINNER TOGETHER OR A CELEBRATION TOGETHER, THAT'D BE GREAT.

OR WATCH A GAME THANK YOU.

YOU KNOW, IF I COULD ADD TOO, YOU KNOW, FOR OUR REGENT EMERITUS FOR THE THREE LEAVING US NOW AND FOR OUR FORMER REGENTS, I THINK IT WOULD BE REALLY GOOD IF WE CONTINUE TO ENGAGE AND INVOLVE OUR REGENT EMERITUS.

THE HISTORY, THE STORIES I LOVE HEARING FROM FORMER REGENTS AND IN JUST TO CONTINUE TO ENGAGE AND HONOR THEM FOR THEIR SERVICE.

I HOPE THAT THE UNIVERSITY WILL REALLY MAKE A CONCERTED EFFORT TO KEEP OUR FORMER REGENTS ENGAGED AND INVOLVED IN SOME MANNER.

WELL, MY DAUGHTER AINSLEY WILL BE GRADUATING THIS SPRING, I HOPE.

I THINK SHE WILL.

SO HOPEFULLY WE'LL HAVE A NORMAL GRADUATION UP THERE IN FOLSOM AND I HOPE TO BE ABLE TO JOIN YOU ALL THERE FOR THAT OCCASION.

IT'S ALWAYS SPECIAL WHEN ONE OF YOUR CHILDREN GRADUATES FROM CU.

AND I'LL JUST GIVE MY FAREWELL HERE AND SAY THANK YOU TO ALL OF YOU.

I'LL STAY IN TOUCH.

IT'S BEEN A GREAT, GREAT FRIENDSHIPS.

AND I WANT TO THANK ALL THE ADMINISTRATORS AND STAFF THAT HAVE BEEN SO HELPFUL OVER THE LAST SIX YEARS AND EVERYTHING YOU DO TO SUPPORT US REGENTS.

I'VE BEEN SO INVOLVED WITH CU MY WHOLE LIFE AND IT'S GOING TO STAY A PART OF MY LIFE AS AN UNDERGRAD AND A LAW STUDENT AND TWO OF MY CHILDREN SO FAR, HAVE GONE TO THE UNIVERSITY AND IT'S BEEN A GREAT HONOR TO SERVE AS A REGENT AS WELL.

AND SO WITH MY LOVE OF CIVICS, I'LL JUST LEAVE YOU A PARTING THOUGHTS, A GREAT QUOTE, MY FAVORITE ONE OF MY FAVORITE QUOTES FROM DANIEL WEBSTER.

HOLD ON, MY FRIENDS, TO THE CONSTITUTION AND THE REPUBLIC FOR WHICH IT STANDS, MIRACLES DO NOT CLUSTER AND WHAT HAPPENED ONCE IN SIX THOUSAND YEARS MAY NOT HAPPEN AGAIN.

SO WITH THAT, MY PARTING THOUGHTS, I BID YOU ADIEU.

ANYONE ELSE.

WELL I CAN SAY A FEW WORDS.

I'M GOING TO MAKE IT SHORT.

MAYBE I'LL JUST SEND YOU WHAT I WAS GOING TO WRITE.

BUT, YOU KNOW, I WANTED TO FIRST START OFF TONIGHT BY JUST THANKING, BY RECOGNIZING, YOU KNOW, THE PEOPLE THAT HAVE DIED OF COVID.

AND I JUST WANTED TO SEND MY BEST WISHES TO THEIR FAMILIES AND THEIR LOVED ONES AND BUT ESPECIALLY THANK YOU TO OUR PRESIDENT AND OUR CHANCELLOR WHO HAVE BEEN TAKING CARE OF OUR STUDENTS.

IT'S JUST MEANT SO MUCH TO ME TO SEE EVERYTHING THEY HAVE DONE FOR OUR STUDENTS, FACULTY AND MAKE SURE THEY'RE SAFE.

AND THEN AGAIN, SPECIAL.

I HAVE ABOUT TWO OF HIS PLANTS THAT ARE JUST HUGE NOW, HE MUST HAVE DEFINITELY

THANK YOU TO EVERYONE.

[05:00:05]

HAS A GREEN THUMB AND HAS SHARED THOSE THINGS WITH ME.

A SPECIAL THANK YOU TO TO GLEN AND LESLEY, YOU HAVE TAKEN ON THE LEADERSHIP OF A VERY DIFFICULT YEAR AND YOU'VE JUST DONE AN OUTSTANDING JOB.

YOU'VE KEPT US IN THE LOOP.

AND I JUST APPRECIATE EVERYTHING THAT YOU'VE DONE.

AND THEN I DID WANT TO JUST ADD TO, YOU KNOW, MOST OF YOU PROBABLY HEARD VICE PRESIDENT ELECT KAMALA HARRIS AND SHE TALKED ABOUT POSSIBILITIES.

AND THAT REALLY STUCK WITH ME WHEN I HEARD THAT ABOUT THE POSSIBILITIES THAT YOU HAVE FOR A NEW BOARD AND LOOKING FORWARD.

AND ONE IS THAT TO START WITH, YOU HAVE SIX MEMBERS WITH AN OUTSTANDING BACKGROUND IN EDUCATION AND YOU HAVE MEMBERS THAT WERE MEMBERS ON THE BOARD THAT ARE IN BUSINESS AND YOU HAVE AN ATTORNEY.

YOU JUST HAVE THE MAKE UP OF A REALLY FINE BOARD THAT GOING FORWARD, I THINK IS GOING TO IT'S JUST GOING TO BE EXCITING TO WATCH YOU AND WATCH WHAT YOU DO.

AND YOU HAVE SUE SHARKEY WITH 10 YEARS OF EXPERIENCE IN THE BACKGROUND OF MILITARY.

YOU JUST HAVE SO MANY TALENTED PEOPLE ON THE BOARD.

AND I'M JUST, LIKE YOU SAID, LOOKING FOR SO MUCH, LOOKING FORWARD TO THE WORK THAT'S GOING TO BE DONE.

AND I TRUST YOU ALL.

AND THEN TALK ABOUT TRANSPARENCY AND HOW CRITICAL IT IS TO THE WORLD TODAY.

AND WE TALK A LOT ABOUT IT.

AND SOMETIMES WE DO IT, SOMETIMES WE DON'T.

BUT KEEPING THAT IN FRONT OF US.

BUT THE POSSIBILITIES OF BEING TRANSPARENT AND WORKING WITH OUR STUDENTS AND ALWAYS SHARING THAT.

OUR LIVES ARE PUBLIC AND EVERYTHING WE DO IS, IS THERE.

IF IT'S NOT A [INAUDIBLE] REQUEST, IT'S SOMEONE WHO QUOTES US WHATEVER.

AND SO IT'S ALWAYS IMPORTANT TO BE TRUTHFUL AND TO MAKE SURE THAT WE MOVE FORWARD WITH, YOU KNOW, TO HAVE TRUST, WE HAVE TO BE TRUTHFUL AND IN WORKING THROUGH THAT AND ALWAYS KNOW IT'S OK TO MAKE A MISTAKE AND MOVE FORWARD.

AND THEN LIKE I SAID, THERE'S A LOT I WANTED TO SAY.

WE DON'T HAVE A WHOLE LOT OF TIME.

BUT I JUST WANT YOU KNOW, WHEN I CAME ON THE BOARD, I DID HAVE YOU KNOW, I SHARED WITH YOU A STORY HOW I PERSONALLY EXPERIENCED INSTITUTIONAL RACISM WHEN I WAS IN SECOND GRADE.

WHEN THE LATINO KIDS WERE ALL SET OUT IN THE HALL TO READ BECAUSE THEY DIDN'T WANT US WITH THE WHITE KIDS AND HOW IN HIGH SCHOOL THEY SEGREGATED ALL OF US.

AND IT WAS EDUCATORS, EDUCATORS WHO FOUGHT FOR US.

AND I BECAME AN ADVOCATE FOR STUDENTS, I THINK WHEN I WAS IN SECOND GRADE SAYING THIS CAN'T HAPPEN TO ANYBODY ELSE.

I'VE HAD THE OPPORTUNITY TO FIGHT IN THROUGHOUT MY CAREER TO HELP OTHER STUDENTS.

JUST REMEMBER THOSE STORIES AS WE MOVE FORWARD BECAUSE THEY'RE IMPORTANT FOR US.

AND I, TOO, HAVE A QUOTE FROM A PRESIDENT, BUT I WAS THINKING OF JOHN SO I BROUGHT MY QUOT E TOO.

AND THIS ONE IS JOHN F.

KENNEDY.

AND IT'S A MESSAGE TO US AS A BOARD.

LET US NOT SEEK THE REPUBLICAN ANSWER OR THE DEMOCRATIC ANSWER, BUT THE RIGHT ANSWER.

LET US NOT SEEK TO FIX THE BLAME FOR THE PAST.

LET US ACCEPT OUR OWN RESPONSIBILITIES FOR THE FUTURE.

SO I WISH YOU GUYS THE BEST OF LUCK, AND I KNOW YOU'LL DO WELL.

THANK YOU, IRENE.

SO DO I HEAR A MOTION TO ADJOURN? SO MOVED.

LINDA.

ALL IN FAVOR SAY AYE.

EVERYONE HAVE A GOOD EVENING.

GUYS GREAT DAY TODAY.

BUSY DAY, LOTS, ON THE TABLE.

AND THANKS TO EVERYBODY FOR I HOPE OUR THREE OUTGOING REGENTS FEEL LIKE THEIR TIME ON THE BOARD HAS BEEN WORTHWHILE AND THAT THEY'VE GAINED SOME FRIENDS AND SOME UNDERSTANDING AND SOME OTHER THINGS.

SO I THINK WE HAD A GREAT DAY.

THANK YOU FOR LEADING OUR BOARD TODAY.

SEE YA.

THANK YOU, GLEN.