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[D. 1:00 p.m. CALL TO ORDER/PUBLIC MEETING, Chair Lesley Smith presiding - CU Boulder, UMC 235 (1669 Euclid Ave, Boulder, CO 80309) - all times listed are approximate]
WELCOME TO THE JUNE BOARD OF REGENTS MEETING.THE MEETING WILL NOW COME TO ORDER.
THANK YOU, REGENTS AND GUESTS.
WE ARE ALSO LIVE STREAMING AND RECORDING OUR BOARD MEETING.
FIRST, WE WILL HAVE THE PLEDGE OF ALLEGIANCE.
REGENT JAMES, WILL YOU LEAD US IN THE PLEDGE, PLEASE? THANK YOU. AND NEXT, REGENT MONTERA, WILL YOU PLEASE READ THE LAND ACKNOWLEDGMENT STATEMENT?
[2. Land Acknowledgement Statement (1:05 p.m.) - Regent Montera]
SURE. AS WE GATHER, WE HONOR AND ACKNOWLEDGE THAT THE UNIVERSITY OF COLORADO'S FOUR CAMPUSES ARE ON THE TRADITIONAL TERRITORIES AND ANCESTRAL HOMELANDS OF THE CHEYENNE ARAPAHO, UTE APACHE, COMANCHE, KIOWA, LAKOTA, PUEBLO AND SHOSHONE NATIONS.WITH THIS LAND ACKNOWLEDGMENT, WE CELEBRATE THE MANY CONTRIBUTIONS OF NATIVE PEOPLES TO THE FIELDS OF MEDICINE, MATHEMATICS, GOVERNMENT AND MILITARY, SERVICE, ARTS, LITERATURE, ENGINEERING AND MORE.
WE RECOGNIZE AND AFFIRM THE TIES THESE NATIONS HAVE TO THEIR TRADITIONAL HOMELANDS AND THE MANY INDIGENOUS PEOPLE WHO THRIVE IN THIS PLACE ALIVE AND STRONG. WE ALSO ACKNOWLEDGE THE PAINFUL HISTORY OF ILL TREATMENT AND FORCED REMOVAL THAT HAS HAD A PROFOUNDLY NEGATIVE IMPACT ON NATIVE NATIONS.
WE RESPECT THE MANY DIVERSE INDIGENOUS PEOPLES STILL CONNECTED TO THIS LAND.
WE HONOR THEM AND THANK THE INDIGENOUS ANCESTORS OF THIS PLACE.
THE UNIVERSITY OF COLORADO PLEDGES TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR NATIVE STUDENTS, FACULTY AND STAFF AND ADVANCE OUR MISSION TO UNDERSTAND THE HISTORY AND CONTEMPORARY LIVES OF NATIVE PEOPLES.
THANK YOU. THE NEXT ORDER OF BUSINESS IS THE APPROVAL OF THE AGENDA.
[3. Action Item: Approval of the June 22-23, 2023, Board of Regents Meeting Agenda (1:10 p.m.)]
FOR THE JUNE 22ND AND 23RD BOARD OF REGENTS MEETING.IS THERE A MOTION? SO MOVED. SO MOVED BY REGENT CHAVEZ AND SECONDED BY REGENT SPIEGEL.
IS THERE ANY DISCUSSION REGARDING THE MEETING? ALL RIGHT, EVERYONE IN FAVOR SAY AYE? AYE. ANY NAYS? HEARING NONE.
THE MOTION PASSES AND WE HAVE THE APPROVAL OF OUR AGENDA.
THE NEXT ORDER OF BUSINESS IS ONE OF THE THINGS THAT WE VALUE THE MOST AS THE BOARD, AND THAT IS THE
[4. Presentation: Distinguished Professor Recognitions (1:15 p.m.)]
HONOR AND CELEBRATION OF THREE OF OUR NEW CU DISTINGUISHED PROFESSORS WHO EXEMPLIFY THE ACADEMIC EXCELLENCE OF CU.THE 2022 COHORT CONSISTS OF 9 FACULTY, THREE OF WHOM WILL BE HONORED TODAY.
THESE FACULTY JOIN A COMMUNITY OF 138 CU DISTINGUISHED PROFESSORS ACROSS THE FOUR CAMPUSES.
THE REQUIREMENTS FOR THIS DISTINCTION ARE EXCEPTIONALLY ARDUOUS.
FACULTY MEMBERS MUST BE EXEMPLARY IN SCHOLARSHIP, TEACHING AND SERVICE.
THE INDIVIDUALS WE RECOGNIZE TODAY MEET THESE RIGOROUS EXPECTATIONS AND THEY INSPIRE ALL OF US WITH THEIR OUTSTANDING WORK, COMMITMENT AND PASSION FOR KNOWLEDGE.
TO BEGIN WITH, WE WELCOME CU ANSCHUTZ MEDICAL CAMPUS EXECUTIVE VICE CHANCELLOR DR.
RODERICK NAIRN, WHO WILL INTRODUCE DR.
CHAIR SMITH, REGENTS, PRESIDENT SALIMAN, IT'S A PLEASURE AND AN HONOR TO RECOGNIZE DR.
I'LL MENTION JUST A FEW OF THEM.
DR. KUTNER SERVES IN SEVERAL ROLES IN OUR CAMPUS.
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SHE IS ALSO CHIEF MEDICAL OFFICER FOR UC HEALTH UNIVERSITY OF COLORADO HOSPITAL.PRIOR TO THESE ROLES, SHE SERVED NEARLY A DECADE AS HEAD OF THE DIVISION OF GENERAL INTERNAL MEDICINE, A CORE CLINICAL AND TRAINING PROGRAM FOR THE SCHOOL OF MEDICINE. DR.
KUTNER IS RECOGNIZED AS A NATIONAL LEADER IN PALLIATIVE CARE RESEARCH.
HER MANY CONTRIBUTIONS AS A PHYSICIAN, INVESTIGATOR AND MENTOR HAVE TRULY ELEVATED THE ANSCHUTZ MEDICAL CAMPUS AS A DESTINATION FOR NEW KNOWLEDGE AND BEST PRACTICES IN THIS FIELD.
AS A MEMBER OF OUR FACULTY FOR MORE THAN 25 YEARS AND A HIGHLY VALUED ADMINISTRATIVE LEADER, DR.
HOWEVER, SHE BEGAN HER ACADEMIC CAREER AT THE UNIVERSITY OF COLORADO IN 1997, WHEN SHE COMPLETED A FELLOWSHIP HERE FOLLOWING INTERNAL MEDICINE, INTERNSHIP AND RESIDENCY AT UCSF.
SHE ALSO COMPLETED A MASTER OF SCIENCE IN PUBLIC HEALTH AT OUR UNIVERSITY AS WELL.
WHEN IT COMES TO SCHOLARLY AND CREATIVE WORK, DR.
KUTNER IS RECOGNIZED AS AN ACCOMPLISHED RESEARCHER, A PROLIFIC SCHOLAR SOUGHT BY INVESTIGATORS ACROSS THE COUNTRY FOR HER EXPERTISE IN PALLIATIVE CARE. SHE'S BEEN AWARDED MORE THAN 40 GRANTS FOR RESEARCH WRITTEN MORE THAN 180 PEER REVIEWED PUBLICATIONS MADE MORE THAN 200 SCHOLARLY PRESENTATIONS.
SHE FOUNDED THE POPULATION BASED PALLIATIVE CARE RESEARCH NETWORK TO HELP FULFILL THE NEED FOR NATIONAL COLLABORATION AMONG HOSPITAL FACILITIES ACROSS THE US.
ON THE HEELS OF THAT SUCCESS, SHE ALSO CO-FUNDED THE NIH FUNDED PALLIATIVE CARE RESEARCH COOPERATIVE, A NATIONAL LEVEL ORGANIZATION FOR THE PROMOTION OF RESEARCH IN THAT AREA.
SHE HAS SERVED AS PRESIDENT OF THE SOCIETY OF GENERAL INTERNAL MEDICINE, ALSO PRESIDENT OF THE AMERICAN ACADEMY OF HOSPICE AND PALLIATIVE MEDICINE, THE LATTER OF WHICH RECOGNIZED HER TREMENDOUS IMPACT WITH A VISIONARY AWARD IN 2017 AND THE PRESIDENTIAL CITATION AWARD IN 2019. IT'S NO EXAGGERATION TO SAY THAT HER LEADERSHIP AND EXPERTISE HAVE HELPED TAKE OUR CAMPUS TO THE VERY FOREFRONT OF THESE FIELDS. WITH RESPECT TO EDUCATION AND TRAINING, DR.
KUTNER LEADS THE PALLIATIVE CARE AND AGING POSTDOCTORAL RESEARCH TRAINING PROGRAM AND HAS HELPED SET FUTURE GENERATIONS OF RESEARCHERS IN THIS FIELD ON THE PATH TO SUCCESS. SHE'S A HIGHLY SOUGHT AFTER MENTOR, HAVING HELPED MORE THAN 50 RESEARCHERS LAUNCH THEIR CAREERS.
NOMINATORS SAY HER ACCOMPLISHMENTS ARE SIMPLY UNPARALLELED.
THEY DESCRIBE HER AS A VISIONARY, NATIONAL LEADER, AND A BEACON IN THE FIELD, A ROLE MODEL WHO EMBODIES THE IDEALS OF SCHOLARSHIP AND IS A TRUE TREASURE TO THE UNIVERSITY AND THE FIELD.
DR. KUTNER, WE'RE PROUD TO RECOGNIZE YOU TODAY AS A CU DISTINGUISHED PROFESSOR.
YOUR MANY CONTRIBUTIONS, LEADERSHIP AND VISION HAVE ELEVATED THE CU ANSCHUTZ MEDICAL CAMPUS TO GREATER HEIGHTS, TRANSFORMED PALLIATIVE CARE RESEARCH, AND IMPACTED COUNTLESS LIVES.
AND WE'D ASK YOU TO COME JOIN ME AT THE PODIUM TO MAKE A FEW REMARKS.
[APPLAUSE] THANK YOU, DR. NAIRN.
AND I AM HERE IN FRONT OF YOU, REALLY WITH DEEP GRATITUDE AND ALSO HUMILITY.
I FEEL SO FORTUNATE TO HAVE BEEN ABLE TO BUILD A CAREER AT CU.
WHEN I FIRST CAME HERE, AS DR.
NAIRN SAID, AS A FELLOW IN 94, I HAD NO IDEA THAT THIS WAS GOING TO BE WHERE MY CAREER WOULD GO.
I CAME HERE WITH A PASSION TO IMPROVE CARE FOR PEOPLE WITH SERIOUS ILLNESS AND THEIR FAMILIES AND TO BE ABLE TO BUILD A CAREER IN AN ENVIRONMENT THAT HAS ALLOWED ME TO CONTRIBUTE TO ACHIEVING THAT GOAL.
AS DR. NAIRN SAID, FROM A CLINICAL PERSPECTIVE, THROUGH RESEARCH, THROUGH EDUCATION AND THROUGH MENTORING AND THROUGH LEADERSHIP, I JUST FEEL THAT THIS HAS BEEN, YOU KNOW, A UNIQUE INSTITUTION.
I CAME HERE BECAUSE I WAS IMPRESSED BY THE PEOPLE.
THAT'S WHAT DREW ME HERE TO COME AS A FELLOW.
AND IT'S WHAT'S KEPT ME AT CU FOR MY WHOLE CAREER.
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PEOPLE TO BE GRATEFUL FOR THAT.BOTH THE REG PEOPLE OFTEN ASK ME, HOW CAN YOU BE A CHIEF MEDICAL OFFICER AND STILL CONDUCT YOUR RESEARCH? AND I THINK I MAY BE THE ONLY CHIEF MEDICAL OFFICER IN THE US WHO STILL HAS NIH FUNDING AS AN ASIDE, BUT TO BE IN AN INSTITUTION THAT ALLOWS THAT AND IT'S BECAUSE OF THE TEAM.
SO I'D JUST LIKE TO EXPRESS MY DEEP GRATITUDE TO THE MENTORS WHO HAVE MENTORED ME ALONG THE WAY, THOSE THAT HAVE SPONSORED ME TO BE ABLE TO BECOME THE LEADER THAT I AM.
TO MY COLLEAGUES, BOTH THOSE THAT ARE LOCAL, SOME OF WHOM ARE HERE, SOME OF WHOM ARE WATCHING ONLINE THAT HAVE REALLY HELPED US FOSTER AND GROW THIS FIELD OF PALLIATIVE CARE FROM WHAT WAS NOT EVEN A FIELD WHEN I STARTED TO SOMETHING THAT I THINK MOST OF US CAN'T IMAGINE CARING FOR PEOPLE, ESPECIALLY THE SERIOUS ILLNESS, PEOPLE THAT WE CARE FOR WITHOUT HAVING THE AVAILABILITY OF PALLIATIVE CARE.
AND ALSO TO MY MENTEES, I THINK ONE OF THE HIGHLIGHTS OF MY CAREER ACTUALLY WAS LAST WEEK WHEN ONE OF MY MENTEES RECEIVED NOTIFICATION FROM THE NIH THAT SHE WAS RECEIVING A MENTORSHIP GRANT SO THAT PASSING IT FORWARD, THAT IS REALLY SO KEY TO WHAT WE DO HERE IN HIGHER EDUCATION.
SO TO HAVE THAT SUPPORT ALONG THE WAY.
AND TO MY PARENTS, MY FATHER, WHO'S ALSO BACK THERE, WHO INSTILLED FROM AN EARLY AGE, YOU KNOW, ALWAYS DOING THE BEST POSSIBLE AND REALLY SETTING ME UP TO BE ABLE TO HAVE A SUCCESSFUL CAREER.
I FEEL LIKE I'VE GROWN UP PROFESSIONALLY THROUGH CU AND CU HAS CERTAINLY ESPECIALLY THE ANSCHUTZ CAMPUS, HAS CERTAINLY EVOLVED OVER THAT TIME PERIOD AND SO HAS THE FIELD. SO THANK YOU ALL.
I'M REALLY DEEPLY HONORED TO RECEIVE THIS AWARD.
[APPLAUSE] CONGRATULATIONS, DR.
KUTNER. THEN AT CU BOULDER, I WOULD LIKE PROVOST RUSSELL MOORE TO INTRODUCE PROFESSOR ROB DAVIS.
ROB'S ACCOMPLISHMENTS GO BACK TO 1978, WHEN HE EARNED A UNIVERSITY MEDAL AS AN OUTSTANDING GRADUATE IN ALL DISCIPLINES FROM THE UNIVERSITY OF CALIFORNIA AT DAVIS. HE RECEIVED HIS MS AND PHD DEGREES FROM STANFORD UNIVERSITY IN 1979 AND 1982 IN CHEMICAL ENGINEERING.
AND FOLLOWING THAT, HE WAS A NATO POSTDOCTORAL FELLOW AT THE UNIVERSITY OF CAMBRIDGE, AND THEN HE JOINED THE CU BOULDER FACULTY IN 1982, SERVING AS CHAIR OF THE CHEMICAL AND BIOLOGICAL ENGINEERING DEPARTMENT FROM 1992 TO 2002.
ROB WAS APPOINTED DEAN IN 2002 AND SERVED FOR WELL OVER A DECADE, DURING WHICH TIME THE ENGINEERING COLLEGE SAW A METEORIC GROWTH AND MOVED UP IN THE RANKINGS. DURING THAT TIME.
ALSO, HE REMAINED ACTIVE AS AN AMAZINGLY PRODUCTIVE SCHOLAR AND TEACHER.
ROB IS A WORLD RENOWNED SCHOLAR IN THE HYDRODYNAMICS OF COMPLEX FLUIDS, AND HIS RESEARCH AND TEACHING INTERESTS INCLUDE BIOTECHNOLOGY AND MEMBRANE SEPARATIONS, WITH MORE THAN 240 PEER REVIEWED PUBLICATIONS IN THESE FIELDS AND MORE THAN 19,000 CITATIONS.
IN FACT, THE PAPER HE COAUTHORED ON THE TOPIC OF MICROFILTRATION IN THE JOURNAL OF MEMBRANE SCIENCE IS ONE OF THE MOST HIGHLY CITED PUBLICATIONS EVER PUBLISHED IN THAT JOURNAL. AS DEAN, ROB WAS A CHAMPION OF DIVERSITY AND INCLUSION COMMITMENTS, HE CONTINUES TODAY AS A STUDENT AND FACULTY ADVISOR AND MENTOR.
AS DEAN, ROB LED THE IMPLEMENTATION OF STUDENT RESOURCES SUCH AS THE BOLD CENTER, THE GOLD SHIRT PROGRAM, AND THE IDEA FORGE AND THE EARN LEARN AND DISCOVERY LEARNING APPRENTICESHIP PROGRAMS. IN ADDITION TO CONTINUING HIS HIGHLY ACTIVE WORK IN RESEARCH AND SCHOLARSHIP, ROB MAINTAINS A SPECIAL COMMITMENT TO TEACHING AND MENTORING BOTH GRADUATE AND UNDERGRADUATE
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STUDENTS SERVING AS FACULTY DIRECTOR FOR UNDERGRADUATE PROGRAMS AND ADMINISTRATION FOR THE BIOMEDICAL ENGINEERING PROGRAM.ROB ALSO SPENDS HIS EVENINGS MENTORING 12 CHEMICAL AND BIOLOGICAL ENGINEERING ALUMNI.
HE MEETS WITH THEM INDIVIDUALLY VIA ZOOM EVERY MONTH TO DISCUSS THEIR CAREERS.
WELL, HE WOULD KNOW, WOULDN'T HE? HE'S ONE OF THE GREAT PERSONS AND GREAT EMPLOYEES THAT WE HAVE HERE AT CU BOULDER.
ROB'S TOTAL COMMITMENT TO BEING AN ENGAGED SCHOLAR AT EVERY LEVEL OF HIS WORK DEMONSTRATES THE VERY BEST OF WHAT CU BOULDER FACULTY MEMBERS ARE ALL ABOUT, AN IRONCLAD COMMITMENT TO ADVANCING THE PUBLIC GOOD IN RESEARCH, SCHOLARSHIP, CREATIVE WORK, TEACHING AND SERVICE.
AND NOW IT'S TRULY MY PLEASURE TO PRESENT TO THE BOARD OF REGENTS, DEAN EMERITUS AND NOW DISTINGUISHED PROFESSOR ROB DAVIS OF THE COLLEGE OF ENGINEERING AND APPLIED SCIENCE. ROB, PLEASE JOIN US AT THE PODIUM TO SAY A FEW WORDS.
I'LL TRY AND PIVOT ONCE IN A WHILE, BUT I UNDERSTAND THAT I NEED TO SPEAK INTO THE MIC.
SO PROBABLY THE FIRST QUESTION YOU'RE WONDERING ABOUT IS WHAT IS THIS SHIRT ALL ABOUT? [LAUGHTER] IT HAS A BIG GORILLA ON IT, AND I WORE IT IN HONOR OF MY DAUGHTER GRACE, WHO ACCOMPANIED ME.
SHE'S RIGHT HERE. SHE JUST FINISHED HER PHD FROM UC DAVIS STUDYING PRIMATES.
SO I HOPE SHE'LL BE STANDING HERE IN 30 YEARS OR SOMETHING LIKE THAT.
BUT THANK YOU, RUSS VERY MUCH FOR THE KIND WORDS.
AND I'M GOING TO GIVE JUST A COUPLE QUICK STORIES THAT KIND OF BOOKMARKED MY CAREER.
ONE OF THEM IS WHEN I FIRST WAS INTERVIEWING FOR FACULTY POSITIONS, I INTERVIEWED AT SEVERAL UNIVERSITIES, BUT WHAT DREW ME TO THE UNIVERSITY OF COLORADO WAS THAT THERE WAS A COMMITMENT TO EDUCATIONAL EXCELLENCE IN ADDITION TO SCHOLARSHIP, WHICH I DIDN'T SEE AT THE OTHER UNIVERSITIES.
AND I HAD A REALLY STRONG COMMITMENT TO TEACHING AND TO EDUCATING YOUNG PEOPLE.
BUT I ALSO WAS DELIGHTED IN RESEARCH WHEN I CAME HERE AND BOTH BECAUSE OF THE ACQUISITION OF NEW KNOWLEDGE, BUT ALSO BECAUSE OF THE OPPORTUNITY TO MENTOR STUDENTS IN RESEARCH, WHICH IS WHAT WE PRIMARILY DO.
AND THEN I FOUND MAYBE ACCIDENTALLY ALONG THE WAY THAT I DID OKAY AT ADMINISTRATION AND SO SERVED AS, I THINK TEN YEARS AS CHAIR AND THEN ALMOST 15 YEARS AS DEAN OF THE COLLEGE OF ENGINEERING.
AND AS RUSS SAID, THERE WERE SOME THINGS THAT WERE HIGH PRIORITY TO ME.
AND I THINK WE WERE ABLE TO ACCOMPLISH A TRIFECTA, WHICH IS A LITTLE BIT HARDER IN ACADEMIA, AND THAT IS WE GREW AND WE ALSO BECAME MORE DIVERSE AND WE ALSO BECAME OF HIGHER QUALITY.
THE COLLEGE GREW BY ABOUT 50% FROM 4,000 TO 6,000 STUDENTS.
WHILE I WAS DEAN, THE ACADEMIC STANDARDS OF THE ENTERING STUDENTS WENT HIGHER AND HIGHER, SUCH THAT MY OWN ADVISORY COMMITTEE, WHICH INVOLVED PRESIDENTS AND VICE PRESIDENTS OF MAJOR COMPANIES WHO WERE ALUMS OF CU, THEY WOULD REMARK, I WOULD HAVE NEVER GOTTEN INTO CU ENGINEERING TODAY.
[LAUGHTER] AND THEN JUST A COUPLE DIVERSITY STATISTICS.
MY FIRST YEAR AS DEAN, ENGINEERING WAS PRETTY MUCH WHITE MALE.
IT WAS ONLY 6% UNDERREPRESENTED.
MINORITIES IN THE FRESHMAN CLASS, ONLY 14% WOMEN.
AND AT THE END OF MY TIME AS DEAN, WE WERE MORE THAN 32% WOMEN, SO MORE THAN DOUBLED AND 18% UNDERREPRESENTED MINORITIES SO TRIPLED AND I THINK BOTH OF THOSE NUMBERS HAVE CONTINUED TO GO UP A LITTLE BIT OVER THE LAST FEW YEARS.
AND SO THOSE ARE THINGS THAT I'M REALLY PROUD OF.
ONE MORE THING THAT I THINK MIGHT BE OF INTEREST TO THE REGENTS THAT WE WERE ABLE TO DO DURING THE TIME THAT I WAS DEAN, AND THAT WAS TO START A PARTNERSHIP PROGRAM WITH THE WESTERN SLOPE. AND GLEN GALLEGOS WAS A GREAT HELP THERE AS WELL.
[00:20:05]
CU BOULDER, AND THAT PROGRAM HAS GROWN AND FLOURISHED IN THE YEARS SINCE.AND SO THAT'S REALLY NICE TO SEE.
BUT THEN THE LAST STORY IS WHEN I STEPPED DOWN AS DEAN, THINGS WERE GOING FINE.
IT WASN'T ONE OF THESE PROVOSTS, YOU KNOW, KIND OF SHOWING ME THE DOOR, BUT IT WAS A LITTLE BIT MORE OF I WANT TO GO BACK TO MY ROOTS, WHICH WAS TO TEACH AND BE INVOLVED WITH STUDENTS AGAIN. AND I QUOTED DURING MY REMARKS THEN A ANCIENT PROVERB THAT'S ON THE WALLS OF OUR INTEGRATED TEACHING AND LEARNING LAB, AND THAT IS IF YOUR VISION IS FOR ONE YEAR, PLANT WHEAT, IF IT'S FOR TEN YEARS, PLANT TREES, AND IF IT'S FOR A LIFETIME, PLANT PEOPLE.
IT WAS REALLY CHALLENGING BECAUSE COVID HIT SHORTLY AFTER I RETURNED TO THE CLASSROOM, BUT NOW IT'S BEEN REALLY FULFILLING AS WELL AND HELPING THOSE STUDENTS NOT ONLY IN CLASS BUT WITH SOME OF THEIR LIFE QUESTIONS THAT THEY'RE DEALING WITH.
SO I APPRECIATE BEING HONORED IN THIS WAY AND I WANT TO CONTINUE TO SERVE CU FOR SEVERAL MORE YEARS.
AND I WISH ALL OF YOU AND THE UNIVERSITY AND ALL THE MEMBERS OF THE AUDIENCE ALL THE BEST.
[APPLAUSE] CONGRATULATIONS, DR.
DAVIS. LAST YEAR AT OUR OUTREACH TOUR, WE WERE IN GRAND JUNCTION AND LEARNED ABOUT THE PARTNERSHIP.
SO IT WAS UNIQUE AND EXCITING.
AND FINALLY, WE HAVE UC COLORADO SPRINGS CHANCELLOR VENKAT REDDY WILL INTRODUCE PROFESSOR DOROTHEA OLKOWSKI, WHO IS THE FIRST FEMALE PROFESSOR TO RECEIVE THIS RECOGNITION ON THE UCCF CAMPUS.
PROFESSOR OLKOWSKI IS UNABLE TO JOIN US TODAY.
SO AS CHAIR SMITH MENTIONED, WE TAKE GREAT PRIDE IN SHARING WITH THE REGENTS THAT DR.
DOROTHEA OLKOWSKI IS THE FIRST FEMALE PROFESSOR AT UCCS TO BE HONORED WITH THIS DISTINCTION.
INTERDISCIPLINARY COLLABORATION IS WHAT DEFINES DR.
OLKOWSKI. PROFESSOR OLKOWSKI CAME TO UCCS IN 1990 AS A FACULTY MEMBER IN PHILOSOPHY.
SHE ALSO SERVED AS THE DIRECTOR OF MULTIPLE DEPARTMENTS, INCLUDING WOMEN'S AND ETHNIC STUDIES, INTERDISCIPLINARY PROGRAM IN COGNITIVE STUDIES AND CURRENTLY SERVING AS DIRECTOR OF HUMANITIES AND DIRECTOR OF THE COGNITIVE STUDIES MINOR.
WHEN I ASKED HER WHY SHE'S INVOLVED IN SO MANY DIFFERENT THINGS, SHE SAID, I HAVE A FAIRLY BROAD SET OF INTERESTS AS A TEACHER, AND THIS IS REFLECTED IN MY RESEARCH THROUGHOUT MY ENTIRE CAREER.
ALLOW ME TO SHARE A FEW OF THE MOST IMPACTFUL HIGHLIGHTS FROM DOROTHEA'S CAREER AT UCCS.
THROUGHOUT HER ILLUSTRIOUS CAREER, DR.
OLKOWSKI HAS PUBLISHED 14 BOOKS, FOUR OF WHICH ARE SINGLE AUTHORED OVER 100 ARTICLES, AND HAS BEEN CITED 1,768 TIMES. WHEN ASKED ABOUT SOME OF HER PROUDEST ACHIEVEMENTS THROUGHOUT HER CAREER IN RESEARCH, OLKOWSKI NOTED THE BOOKS SHE'S SINGLE AUTHORED.
HER BACKGROUND AND RESEARCH BEGAN IN THE HISTORY OF PHILOSOPHY AND CONTEMPORARY EUROPEAN PHILOSOPHY.
SHE HAS WIDENED HER INTEREST TO OTHER AREAS.
SHE TEACHES SEVERAL COURSES ON COGNITION AND EMOTIONS AND IS DELVING INTO THE RELATIONSHIP BETWEEN PHILOSOPHY AND NEUROSCIENCE WITH A CLASS ON CYBORGS AND CULTURE.
SHE ALSO TEACHES A CLASS ON COSMOLOGY AND CULTURE.
SHE HAS RECENTLY WORKED WITH COLLEAGUES FROM EUROPE AND SOUTH AMERICA, AND NOTES ARE OVERLAPPED WITH FIELDS SUCH AS RELIGIOUS STUDIES AND ENGLISH LITERATURE THAT MAY SEEM UNUSUAL FOR A PHILOSOPHY SCHOLAR.
SO LET ME TAKE A MOMENT AND SHARE A LITTLE ABOUT SOME OF HER MOST RECENT WORK.
SHE HAS PARTICULAR EXPERTISE IN THE WORKS OF HENRI BERGSON MERLEAU-PONTY AND GILLES DELEUZE, WITH HER MOST RECENT PUBLICATIONS CENTERING AROUND THEIR PHILOSOPHIES AND THEIR RELATIONS BETWEEN THE THREE.
THIS WORK IS HIGHLY ESTEEMED BY LITERARY CRITICS, WITH A MEMBER FROM THE ACADEMY OF ARTS AND SCIENCES STATING ABOUT OLKOWSKI, STARTING AS A PERFECT CRITICAL COMMENTER DELEUZE, BERGSON AND MERLEAU-PONTY, SHE HAS NOW PRODUCED AN ORIGINAL BODY OF WORK THAT HAS REDEFINED THE FIELD.
FOR ALL OF THESE REASONS AND MORE, I AM DELIGHTED TO INTRODUCE YOU TO DR.
DOROTHEA OLKOWSKI CU, DISTINGUISHED PROFESSOR.
[00:25:06]
THANK YOU. [APPLAUSE] DOROTHEA OLKOWSKI FROM THE DEPARTMENT OF PHILOSOPHY AT UCCS.I WANT TO SAY THAT I'M VERY SORRY NOT TO BE THERE WITH YOU IN PERSON TODAY, BUT I WANTED TO SEND THIS BRIEF VIDEO JUST TO THANK YOU AND TO THANK EVERYONE WHO WAS PART OF THE PROCESS.
IT'S AN INCREDIBLE HONOR TO BE AWARDED A DISTINGUISHED PROFESSORSHIP AT CU AND AS THE FIRST WOMAN TO HAVE RECEIVED THIS HONOR AT UCCS, IT'S ESPECIALLY BEAUTIFUL FOR ME.
I WANT TO THANK EVERYONE AT UCCS WHO CONTRIBUTED TO THIS, WHO HELPED ME ALONG FROM THE NOMINATOR FERNANDO TO THE DEANS, EVERYONE IN THE DEAN'S OFFICE AND THE CHANCELLOR'S OFFICE.
I ALSO WANT TO SAY THAT THE YEARS OF RESEARCH, THE MANY DIFFERENT COURSES I'VE TAUGHT, THE STUDENTS WHO'VE INSPIRED ME, THE PUBLICATIONS THAT I'VE BEEN ABLE TO PRODUCE HAVE ALL BEEN INTRINSIC TO THIS AWARD.
AND I AM EXTREMELY APPRECIATIVE THAT THESE THINGS WERE ALL RECOGNIZED BY THE UNIVERSITY OF COLORADO.
I THANK YOU AND I WISH YOU ALL A BEAUTIFUL DAY.
YOUR EXEMPLARY SCHOLARSHIP, TEACHING AND SERVICE TO THE UNIVERSITY OF COLORADO INSPIRES US ALL.
FINALLY, THANK YOU TO THE THREE PRESENTERS, EXECUTIVE VICE CHANCELLOR NAIRN, PROVOST MOORE AND CHANCELLOR REDDY FOR INTRODUCING YOUR CAMPUS NEWEST DISTINGUISHED SCHOLARS.
THIS CONCLUDES OUR RECOGNITION CEREMONY.
AND FOR THE TWO THAT ARE HERE, IF YOU COULD COME UP FRONT SO WE CAN GET SOME PHOTOS.
WE'LL JUST DO THAT QUICKLY BEFORE WE MOVE ON TO OUR NEXT ORDER OF BUSINESS.
GREAT IF WE CAN HAVE THE PRESENTERS ALSO STEP IN.
SHE'S GONNA HAVE TO GET A COUPLE FOLKS IN THE BACK.
OKAY. READY? ONE, TWO, THREE. THANK YOU SO MUCH.
I'LL SIT NEXT TO EACH ONE OF YOU.
IT ALWAYS IS JUST LIKE A TOTALLY.
DO YOU HAVE A JACKET? SOMEBODY ELSE MIGHT.
[00:30:01]
SO. IT'S OKAY.I KNOW. I WEAR MY JACKET LIKE I KNOW BETTER.
WHEN I'M COMFORTABLE, ALL RIGHT. WE WILL MOVE TO OUR NEXT ITEM, WHICH IS PUBLIC
[5. Public Comment (2:00 p.m.)]
COMMENT. AND WE HAVE FOUR PEOPLE SIGNED UP AND EACH PERSON WILL GET TWO MINUTES TO SPEAK.AND I'M GOING TO READ YOUR NAMES IN ORDER.
SO IF YOU COULD COME ON, GET READY TO COME UP ONCE THE FIRST SPEAKER IS DONE AND MOVE THROUGH, WE HAVE ELLIOTT HOOD, BRIGGE T MARK, BRAYDEN MIGUEL AND HUCK REESE.
SO ELLIOTT HOOD, IF YOU WOULD LIKE TO COME UP.
THANK YOU SO MUCH, MADAM CHAIR.
AS YOU KNOW, CHAIR SMITH IS NOT SEEKING REELECTION TO THE REGENCY.
SHE'S RUNNING FOR THE COLORADO HOUSE, AND SHE'S GOING TO BE A GREAT ASSET TO OUR LEGISLATURE.
SO I'D LIKE TO TAKE A FEW MOMENTS WHILE I'M HERE JUST TO INTRODUCE MYSELF TO YOU.
SO I AM A VERY PROUD CU BOULDER GRAD.
I AM A FORMER PUBLIC SCHOOL TEACHER, AND I'M A LAWYER THAT HAS SPENT MOST OF MY LEGAL CAREER ADVOCATING FOR PUBLIC SCHOOLS ACROSS THIS GREAT STATE FROM VERY SMALL RURAL DISTRICTS IN THE WESTERN SLOPE, EASTERN PLAINS TO THE LARGEST METRO AREA DISTRICTS NORTH TO STEAMBOAT, SOUTH TO PUEBLO AND AROUND DENVER.
IT'S BEEN MY HONOR TO REPRESENT OUR PUBLIC SCHOOLS.
SO I'M VERY FAMILIAR WITH THE ENTERPRISE OF BOARD GOVERNANCE.
IF I'M ELECTED TO JOIN YOU, MY PRIORITIES ARE GOING TO BE KEEPING CU AFFORDABLE AND ACCESSIBLE, PROMOTING DIVERSITY, EQUITY, INCLUSION AND SAFETY, AND HELPING TO BUILD A MORE RESILIENT AND SUSTAINABLE UNIVERSITY, ESPECIALLY AS WE RECOVER FROM THE PANDEMIC.
I BELIEVE VERY DEEPLY IN PRAGMATIC, COMMON SENSE PROBLEM SOLVING.
LIKE ALL OF YOU, I'M DEEPLY PASSIONATE ABOUT PUBLIC EDUCATION.
AND MOST IMPORTANTLY, I LOVE THIS UNIVERSITY AND I WANT TO SEE IT THRIVE.
SO THANK YOU ALL VERY MUCH FOR YOUR SERVICE TO THIS UNIVERSITY AND TO OUR STATE.
AND I LOOK FORWARD TO WORKING WITH YOU.
HI, EVERYONE. I'M BRIGGET MARK.
THANK YOU SO MUCH FOR THE OPPORTUNITY TO SPEAK TODAY.
SO I'M A PHD STUDENT HERE AT CU BOULDER.
I'M VERY EXCITED TO BE HERE, BUT I'M HERE TO ASK THAT YOU PUT DIVESTMENT ON YOUR AGENDA FOR THE UPCOMING RETREAT AND CONSIDER OUR REQUEST FROM THE PREVIOUS REGENTS MEETING.
SO, AS YOU KNOW, IT'S SUMMER BREAK, SO YOU'RE PROBABLY WONDERING, WHY AM I HERE? I'M WONDERING WHY I'M HERE WEARING THESE TIGHT SHOES.
SO I'M HERE BECAUSE I'M AFRAID THERE ARE TWO THINGS THAT I'M SCARED OF THAT BRING ME HERE TODAY.
IT FELT LIKE AN APOCALYPSE AND THAT SCARED ME.
BUT I WAS LIKE, YOU KNOW, THIS IS ONLY TEMPORARY.
AFTER I FINISH SCHOOL, I'LL MOVE SOMEWHERE ELSE WHERE THERE'S MORE WATER, FEWER WILDFIRES.
BUT THEN THIS YEAR, NEW YORK WAS IN THE NEWS AND THE SKY AGAIN WAS ORANGE.
THE AIR QUALITY WAS SOME OF THE WORST IN THE WORLD.
AND THEN I REALIZED NO MATTER WHERE I GO, I WILL NOT BE ABLE TO ESCAPE CLIMATE CHANGE.
[00:35:05]
AIR AND GETTING SICK.THE SECOND REASON THAT I'M SCARED HAS TO DO WITH YOU.
I'VE GROWN UP TRUSTING IN ELECTED OFFICIALS TO ACT IN MY BEST INTEREST.
AS YOUNG PEOPLE, WE TRUST YOU WITH OUR FUTURES.
SO I WANT TO LEAVE YOU WITH THIS QUESTION.
ARE YOU DOING EVERYTHING IN YOUR POWER TO ENSURE A SAFE AND HEALTHY FUTURE FOR YOUR CHILDREN AND GRANDCHILDREN? THANK YOU SO MUCH. AND PLEASE CONSIDER DIVESTMENT ON YOUR UPCOMING RETREAT.
AND THEN THE TWO OTHER SPEAKERS ARE HERE NOW.
NEVER MIND. AND I'M SORRY I GAVE YOUR NAME A GERMAN PRONUNCIATION.
MY NAME IS BRAYDEN MIGUEL AND I'M A CU ALUMNI WITH DEGREES IN ENVIRONMENTAL STUDIES AND BUSINESS.
SINCE THEN, WE HAVE SEEN THE RATES OF DISASTERS RISE.
WE SEE THIS AT EVENTS WE OURSELVES PUT ON AND WITH RESEARCH OUR SCIENTISTS DO.
SORRY, I'M OUT OF BREATH FROM RUNNING UP HERE.
OKAY. THIS IS SMART FOR CU'S BRAND AND REPUTATION.
SHAUN DAVIES, RESEARCH DIRECTOR AT THE BURRIDGE CENTER FOR FINANCE AND LEEDS PROFESSOR WHEN ASKED ABOUT IF HE CAN MAKE A CASE FOR THE CAMPUSES BRAND REASONS TO MAKE THE CHANGE, SAID NOT ONLY CAN IT BE GOOD FOR THE UNIVERSITY'S BRAND, BUT COULD BE PROFITABLE IN THE MEDIUM TO LONG TERM WHEN LOOKING AT THINGS HOLISTICALLY.
OIL STOCKS ARE VOLATILE, WITH MARKET TRENDS BEING PROPPED UP BY WAR, RELIGIOUS MONARCHIES AND SUBSIDIES, TECHNOLOGICAL INNOVATION AND PEACE THREATEN OIL PROFITS, MAKING THIS POSSIBLY THE BEST TIME TO DIVEST AND REINVEST THAT MONEY INTO MORE VALUE ALIGNED ASSETS.
IMAGINE WHAT INVESTING 50 MILLION INTO STUDENT HOUSING IN THE STATE AND INTO AGRIVOLTAIC FARMS AND TO SUSTAINABILITY PROJECTS WOULD DO FOR OUR REPUTATION AND WE WOULD STILL HAVE 100 MILLION PLUS TO PUT INTO MARKET ASSETS.
WHAT WE ARE ASKING FOR IS SOMETHING TO BE DISCUSSED AT THE UPCOMING REGENTS RETREAT AND THAT TIME IS SCHEDULED IN THE COMMITTEE CALENDAR FOR THIS TO BE DISCUSSED FURTHER NO LATER THAN FEBRUARY 2024 AND YOU ARE ABLE TO REACH OUT TO US AND TALK LEADING UP TO THAT RETREAT.
AND WE WOULD BE HAPPY TO DO SO, BRING MORE FACTS, ETCETERA.
OUR FINAL SPEAKER IS HUCK REESE.
OKAY. THEN I THINK WHAT WE'LL DO IS I'LL SKIP TO MY REPORT.
AND THEN IF HUCK'S HERE, THEN WE CAN HAVE HIM, IF THAT'S OKAY WITH YOU, PRESIDENT SALIMAN.
OKAY. WE ARE A LITTLE BIT AHEAD OF SCHEDULE, WHICH IS PRETTY UNUSUAL FOR US.
SINCE OUR LAST BOARD MEETING IN APRIL, WE HELD A SPRING COMMENCEMENT CEREMONIES ON OUR CAMPUSES.
[6. Chair of the Board of Regents Report, Lesley Smith (2:15 p.m.)]
AND THIS IS SOMETHING THAT, YOU KNOW, IT'S JUST SUCH A WONDERFUL TIME TO BE ON THE STAGE AND SEE THE STUDENTS CROSSING THE STAGE AND SEEING ALL THE FAMILIES AND SO FORTH.SO CONGRATULATIONS TO ALL THOSE STUDENTS THAT DID GRADUATE.
IN CONJUNCTION WITH OUR SPRING COMMENCEMENT CEREMONIES, WE CONFERRED THE 2023 REGION AWARDS TO OUTSTANDING CU COMMUNITY MEMBERS IN RECOGNITION OF THEIR SIGNIFICANT CONTRIBUTIONS TO THE UNIVERSITY, STATE, NATION AND WORLD.
WE BESTOWED FOUR HONORARY DEGREES THIS YEAR, SIX DISTINGUISHED SERVICE AWARDS AND FOUR UNIVERSITY MEDALS TO EXTRAORDINARY INDIVIDUALS AT CEREMONIES AT ANSCHUTZ, BOULDER AND DENVER.
MAY ALSO MARKED THE START OF OUR SUMMER OUTREACH TOURS TO COMMUNITIES ACROSS THE STATE.
[00:40:09]
THE MAY TRIP IN COLORADO'S CENTRAL EASTERN PLAINS INCLUDED STOPS IN BURLINGTON, LIMON AND HUGO, IN ADDITION TO MEMBERS OF CU'S OUTREACH AND ENGAGEMENT TEAM AND SELECT FACULTY AND STAFF FROM OUR CAMPUSES, REGENTS MCNULTY, RENNISON, SPIEGEL AND VANDRIEL JOINED THE TOUR. AMONG THE HIGHLIGHTS OF THE VISIT WAS AN EVENT, CU HOSTED IN BURLINGTON THAT DREW COMMUNITY LEADERS AND AREA HIGH SCHOOL STUDENTS AND THEIR FAMILIES.AND I THINK THERE WAS BISON INVOLVED WITH THAT.
[LAUGHTER] CU'S NEXT SUMMER OUTREACH VISIT WILL TAKE PLACE NEXT WEEK TO PUEBLO.
THE VALUE OF OUR OUTREACH WORK WAS REAFFIRMED LAST MONTH WITH THE REVIVAL OF A PARTNERSHIP, A CRITICAL PARTNERSHIP BETWEEN CU BOULDER AND THE SOUTHERN UTE INDIAN TRIBE IN IGNACIO.
THANKS TO THE CONNECTIONS MADE DURING RECENT OUTREACH TRIPS TO THE REGION.
CU RECOMMITTED TO INCREASE ACCESS TO CU EDUCATION FOR THE STATE'S NATIVE AMERICAN COMMUNITIES.
UNDER THE PARTNERSHIP, CU BOULDER WILL FUND TUITION AND MANDATORY STUDENT FEES FOR UP TO FOUR SOUTHERN UTE STUDENTS PER YEAR.
TO HELP CELEBRATE THE PARTNERSHIP, TRIBAL LEADERS AND SOME OF US FROM CU HAD THE HONOR TO PARTICIPATE IN THE INTERTRIBAL BEAR DANCE DURING THE VISIT TO IGNACIO.
IT HAS A ROSE ON IT AND I'LL STAND UP AND SHOW YOU IN A MINUTE.
AND THAT IS THE SYMBOL OF THE UTES.
THEY'RE KNOWN FOR THEIR BEADWORK, AND THIS IS THE SHAWL THAT I GOT TO WEAR DURING THE DANCE, AND THE WOMEN GET TO PICK THE MEN THAT THEY WANT TO DANCE WITH AND FLICK THEIR TASSELS AT THEM. [LAUGHTER] ARE YOU GOING TO DANCE FOR US, TOO? I'LL GO UP. AND IT WAS JUST SUCH AN AMAZING HONOR TO BE ABLE TO DO THAT.
AND, YOU KNOW, SO WE'VE GOT THE ROSE AND THEN WE'VE GOT THE HUMMINGBIRDS FOR THE SOUTHERN UTE BAND. THAT'S COOL.
AND IT'S SORT OF AS USC COLORS, BUT WE WON'T MENTION THAT.
AND YOU'LL HEAR SHORTLY FROM PRESIDENT SALIMAN AND THE CHANCELLORS.
SOME OF THE BIGGEST NEWS RECENTLY CAME FROM UCCS WITH CHANCELLOR REDDY'S ANNOUNCEMENT THAT HE WILL BE STEPPING DOWN AS CHANCELLOR TO RETURN TO THE FACULTY AT UCCS EFFECTIVE JULY 1ST.
I SINCERELY WANT TO THANK CHANCELLOR REDDY FOR HIS EXCEPTIONAL LEADERSHIP AT UCCS FOR MORE THAN SIX YEARS AND HIS SERVICE TO THE CAMPUS IN OTHER CAPACITIES FOR MORE THAN 30 YEARS.
IN ADDITION TO LEADING UCCS THROUGH THE PANDEMIC, CHANCELLOR REDDY HAS OVERSEEN MANY IMPORTANT INITIATIVES ON CAMPUS, AND WE'RE INCREDIBLY THANKFUL FOR THAT.
AND I WANT YOU TO KNOW THAT I MET SOMEBODY LAST WEEKEND WHOSE DAUGHTER HAS DOWN SYNDROME, AND SHE'S ATTENDING UCCS IN THE FALL, AND I NEVER KNEW, BUT SHE SAID THAT THERE IS AN INCLUSIVE PROGRAM AT UCCS, WHICH IS ONE OF THE BEST IN THE NATION, AND I DID NOT KNOW THAT.
I ALSO WANT TO CONGRATULATE JENNIFER SOBANET, WHO PRESIDENT SALIMAN NAMED INTERIM CHANCELLOR OF UCCS, EFFECTIVE JULY 1ST. AS WE ALL KNOW, JENNIFER MOST RECENTLY SERVED AS THE EXECUTIVE VICE CHANCELLOR OF ADMINISTRATION AND STRATEGY AT CU DENVER, WHERE SHE OVERSAW THE CAMPUSES ADMINISTRATIVE AND FINANCIAL STRATEGY AND DIRECTED WORK TO INCUBATE RESOURCE AND OPERATIONALIZE ITS STRATEGIC INITIATIVES.
JENNIFER JOINED THE CU DENVER LEADERSHIP TEAM IN 2006 AND IN HER SPARE TIME SHE EARNED A DOCTORATE IN EDUCATIONAL EQUITY FROM CU, DENVER SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT.
[00:45:04]
WE'RE THRILLED TO HAVE HER BACK.WE JUST SAID GOODBYE TO HER AT THE LAST MEETING, BUT SHE'LL BE BACK AT UCCS.
IN OTHER STAFFING NEWS, I'M VERY PLEASED TO WELCOME USHA SHARMA AS CU'S NEW TREASURER.
THANKS TO VICE CHAIR MONTERA AND REGENT CHAVEZ FOR CO-CHAIRING THE SEARCH COMMITTEE, AS WELL AS THE OTHER SEARCH COMMITTEE MEMBERS, BECAUSE I KNOW IT'S BEEN A LOT OF WORK, SO THANK YOU SO MUCH.
LAST NIGHT THE BOARD HAD THE OPPORTUNITY TO HAVE DINNER AT THE CU MOUNTAIN RESEARCH STATION, WHICH IS LOCATED ON THE PEAK TO PEAK HIGHWAY.
AND THIS IS A PLACE NEAR AND DEAR TO MY HEART BECAUSE I TAUGHT FOR TEN YEARS AND DID RESEARCH UP THERE AND WE GOT TO HEAR ABOUT THE AMAZING RESEARCH THAT'S DONE UP THERE.
WE LEARNED THAT IT'S ONE OF THE TOP IN THE COUNTRY, IF NOT THE WORLD STATIONS AS FAR AS LONG TERM ECOLOGICAL RESEARCH.
I WAS SAD TO HEAR TODAY AS I READ THE PAPER THAT ONE OF THE SCIENTISTS WHO STARTED MANY OF THE PROGRAMS UP THERE HAS PASSED AWAY. AND HE WAS ACTUALLY A GRADUATE STUDENT WHEN I WAS AT SANTA BARBARA.
SO I. MARK WILLIAMS. SORRY, TO HIS FAMILY.
IN A SOMEWHAT RELATED AND VERY SAD NEWS, WE LOST A TREMENDOUS ENVIRONMENTAL CHAMPION WITH THE RECENT PASSING OF CHARLES WILKINSON, THE MOSES LASKI PROFESSOR OF LAW EMERITUS AND DISTINGUISHED PROFESSOR AT CU LAW SCHOOL.
CHARLES WAS A FORCE IN NATURAL RESOURCES LAW AND A FIERCE ADVOCATE FOR LAND AND WATER RIGHTS FOR NATIVE AMERICAN TRIBES ACROSS THE WEST. HE LEAVES AN INCREDIBLE MARK ON CU AND THE FIELD OF LAW AND BEYOND, AND I ATTENDED THE GETCHES WILKINSON LAW SCHOOL CONFERENCE ON THE COLORADO RIVER TWO WEEKS AGO, AND CHARLES HAD JUST PASSED AWAY TWO DAYS EARLIER, AND THE COMMUNITY CAME TOGETHER AND YOU COULD SEE HOW GREAT A PERSON THIS WAS.
YESTERDAY MAY HAVE MARKED THE FIRST OFFICIAL DAY OF SUMMER, BUT IT SEEMS LIKE SUMMER UNOFFICIALLY BEGINS IN BOULDER ON MEMORIAL DAY WITH THE BOULDER BOULDER, WE HAD OVER 40,000 RUNNERS PARTICIPATING AND I GOT TO SIT UP IN THE BOX THERE WATCHING AS THE RUNNERS CAME IN.
AND WE HAD A VERY EXCITING FINISH FOR BOTH THE MEN'S AND THE WOMEN'S RACE.
AND BEFORE I TURN THINGS OVER TO PRESIDENT SALIMAN, I WANT TO SAY IT'S BEEN AN HONOR SERVING AS BOARD CHAIR THIS PAST YEAR, WORKING WITH REGENT MONTERA, MY COLLEAGUE.
HE'S BEEN A GREAT PARTNER AND A THOUGHT PARTNER AND WE'VE HAD LOTS OF TIME TO DISCUSS THINGS AND IT'S BEEN JUST A REAL HONOR TO SERVE IN THIS CAPACITY.
AND THANK YOU VERY MUCH FOR ALLOWING ME TO DO THIS.
I LOOK FORWARD NEXT MONTH WHERE WE WILL HAVE OUR RETREAT.
SO WITH THAT, I WILL PASS IT OVER.
LET'S SEE. DO WE HAVE HUCK HERE? HUCK, CAN YOU COME ON UP? SORRY. WE WERE AHEAD OF SCHEDULE.
MY NAME IS HUCK REESE. I'M A GRAD STUDENT HERE AT CU IN THE GEOGRAPHY DEPARTMENT.
THANKS FOR SQUEEZING ME IN. I KNOW YOU'RE RUNNING AHEAD OF SCHEDULE, SO I'LL TRY AND MAKE IT QUICK, BUT I'M ALSO HERE TO SPEAK ON BEHALF OF SUSTAINABLE REINVESTMENT AND DIVESTMENT AS WELL. WE'RE BACK.
BUT, YOU KNOW, I LOVE ADVOCATING FOR CHANGE.
AND SO THAT'S WHY I'M HERE TO SPEAK ON BEHALF OF SUSTAINABLE REINVESTMENT.
YOU KNOW, THERE'S MANY GROUPS HERE ON CAMPUS, NOT ONLY FOSSIL FREE CU, BUT THE FACULTY ASSEMBLY, THE STUDENT GOVERNMENT, NOT ONLY HERE AT BOULDER, BUT AT COLORADO SPRINGS, HAVE OFFICIALLY ENDORSED, SUPPORTED SUSTAINABLE REINVESTMENT AND DIVESTMENT.
[00:50:01]
AND IT'S REALLY THE LOW HANGING FRUIT, AS WE SAID BEFORE, MULTIPLE UNIVERSITIES, HARVARD, PRINCETON, THE ENTIRE UNIVERSITY OF CALIFORNIA SYSTEM HAVE DIVESTED AT THIS POINT.AND SO, YOU KNOW, CU'S HONESTLY BECOMING SORT OF A DINOSAUR IN THIS REGARD AND LOOK, I GET IT.
THERE ARE POLITICS INVOLVED, THERE ARE DONORS AT STAKE.
IT'S BECOMING A THING OF THE PAST AND IT'S TIME THAT CU MAKES A CHANGE.
WE JUST HEARD THAT WE FINALLY GOT A TREASURER.
I'M REALLY LOOKING FORWARD TO THAT.
WE NEED TO GET A NEW TREASURER AND WE'LL SORT OF START TO DISCUSS REINVESTMENT AFTER THAT.
WELL, HERE WE ARE. WE HAVE A TREASURER.
AND TO ALL THE STUDENTS THAT ARE HERE, HAVE A GOOD SUMMER.
WITH THAT, I WILL TURN IT OVER TO PRESIDENT SALIMAN FOR HIS REPORT.
[7. University of Colorado President Report, Todd Saliman (2:25 p.m.)]
THANK YOU VERY MUCH, CHAIR SMITH AND HELLO TO EVERYONE.TODAY I'D LIKE TO START OFF BY ECHOING CHAIR SMITH'S COMMENTS ABOUT CHANCELLOR REDDY.
SO THANK YOU VERY MUCH FOR YOUR SERVICE.
SO I BELIEVE YOU HAVE BEEN AT UCCS FOR OVER 30 YEARS AND SO WE ARE JUST INCREDIBLY GRATEFUL FOR YOUR LONG COMMITMENT AND YOUR DEDICATION TO THE CAMPUS. AND THIS IS YOUR LAST OFFICIAL BOARD MEETING, BUT WE WILL BE GETTING TO VISIT WITH YOU AGAIN AT A FUTURE BOARD MEETING WHEN WE HONOR YOU AT THAT TIME.
WE GRADUATED OVER 18,000 STUDENTS FROM THE UNIVERSITY OF COLORADO.
AND IF YOU JUST THINK ABOUT THAT FOR A SECOND.
[LAUGHTER] BUT WHEN YOU THINK ABOUT SITTING IN THAT AUDITORIUM OR IN THE BROADMOOR CENTER OR THE OTHER VENUES WHERE WE ARE, AND YOU THINK ABOUT THE 18,000 STUDENTS, AND IF WE PUT ALL THOSE STUDENTS, ALL THOSE GRADUATES IN ONE OF THOSE LOCATIONS, ALL OF THEM EXCEPT FOLSOM FIELD WOULDN'T HOLD THEM.
IT'S THAT MANY PEOPLE THAT GOT DEGREES FROM THE UNIVERSITY OF COLORADO JUST THIS CYCLE ALONE.
IT'S AN INCREDIBLE THING, THE IMPACT WE HAVE ON THE STATE OF COLORADO AND OUR NATION.
AND AND EACH OF THOSE 18,000 HAS A STORY THAT HAS BROUGHT THEM TO THAT THAT FINISH LINE.
AND THERE HAVE BEEN CHALLENGES ALONG THE WAY FOR EACH AND EVERY ONE OF THEM.
AND THERE HAVE BEEN CELEBRATIONS FOR EACH AND EVERY ONE OF THEM.
AND THEY ALL HAVE THEIR OWN STORIES.
AND IT'S JUST AN INCREDIBLE THING TO THINK OF THAT AND OF THEM AS INDIVIDUALS.
SO IN ADDITION TO CHANCELLOR REDDY AND CONGRATULATING YOU ON THIS NEXT CHAPTER IN YOUR LIFE, WE'RE WELCOMING JENNIFER SOBANET, WHO'S NOT HERE TODAY.
SHE'S FITTING IN ONE LAST VACATION BEFORE SHE JUMPS IN AT UCCS.
AND I'M THRILLED FOR HER AND FOR THE LEADERSHIP THAT SHE'LL PROVIDE AT UCCS.
SO THANKS TO JENNIFER AND CONGRATULATIONS TO HER.
I HAD THE OPPORTUNITY TO BE AT UCCS A COUPLE OF WEEKS AGO TO DEDICATE THE OLYMPIC AND PARALYMPIC SCULPTURE, WHICH IS NOW SITTING RIGHT THERE IN FRONT OF THE UNIVERSITY CENTER.
WHEN YOU'RE AT UCCS, NEXT TIME, YOU CAN'T MISS IT.
IT'S RIGHT THERE. AND IT WAS A REALLY SPECIAL EVENT AND REALLY AN INCREDIBLY POIGNANT WAY TO SYMBOLIZE THE RELATIONSHIP BETWEEN UCCS, THE COLORADO SPRINGS COMMUNITY AND THE US OLYMPIC COMMITTEE.
[00:55:02]
WE HAD TWO OLYMPIANS THERE WHO WON GOLD MEDALS AND AND WE HAD APOLO OHNO, WHO WAS A SPEED SKATER.MANY OF US MAY REMEMBER WATCHING A FEW YEARS AGO, AND HE WAS THERE TO HELP US.
I THINK HE LIVED IN COLORADO SPRINGS FOR TEN YEARS AND ATTENDED UCCS WHILE HE WAS THERE, ALONG WITH UCCS ALUMNA AMBER ENGLISH, WHO WON A GOLD IN SKEET SHOOTING AND IS ATTEMPTING TO BE ON THE OLYMPIC TEAM AGAIN NEXT YEAR OR WHENEVER THE NEXT TIME IS.
SO ANYWAY, IT WAS GREAT TO VISIT WITH THEM.
I GOT TO HOLD A GOLD MEDAL AND THAT'S PRETTY DARN COOL.
THAT'S AS CLOSE AS I'LL EVER GET TO THAT.
SO AT CU ANSCHUTZ, WE HAVE SOME REALLY GREAT THINGS GOING ON AT CU ANSCHUTZ.
THE ONE THING I WANTED TO NOTE FOR EVERYBODY IS THE TRANSFORMATIVE GIFT FROM THE ANSCHUTZ FOUNDATION OF $50 MILLION DOLLARS TO CU ANSCHUTZ TO FUND THE ANSCHUTZ ACCELERATION INITIATIVE.
AND ROD IS HERE AND I KNOW DON WANTED TO BE HERE TO HELP TALK ABOUT THAT GIFT WITH ALL OF YOU.
BUT REALLY, CONGRATULATIONS TO THE CU ANSCHUTZ TEAM TO THE CHANCELLOR AND TO DR.
JOHN RILEY, THE DEAN OF THE SCHOOL OF MEDICINE.
AT CU ANSCHUTZ AND BOULDER I WON'T GO INTO IT, BUT CHAIR SMITH JUST TALKED ABOUT SOME OF THE GREAT CELEBRATIONS THAT WE HAVE AT ALL OF OUR CAMPUSES WITH THE OUTSTANDING WORK OF OUR FACULTY AND IF YOU LOOK AT THESE NEWSLETTERS THAT COME OUR WAY EVERY WEEK FROM OUR CAMPUSES AND YOU LOOK AT THE INCREDIBLE FACULTY THAT WE HAVE ON EACH OF OUR CAMPUSES AND THE AWARDS THAT THEY WERE RECEIVING, IT'S REALLY IT TRULY IS INSPIRING. AT CU DENVER, WE GOT OUR AANAPISI DESIGNATION.
I'M SORRY THAT CHANCELLOR MARKS IS NOT ABLE TO JOIN US TODAY, BUT DAN IS HERE.
AND SO CONGRATULATIONS TO YOU AND THE CAMPUS FOR THAT DESIGNATION.
AND SO THANK YOU FOR THE WORK GOING ON WITH THAT.
ALSO, THERE WAS A GREAT ARTICLE TODAY IN CU CONNECTIONS ABOUT THE LRPC, THE LATINO RESEARCH AND POLICY CENTER, WHICH WE'RE PROVIDING FUNDING TO FROM THE PRESIDENT'S OFFICE TO HELP SUPPORT THE WORK OF LRPC AND BREATHE ADDITIONAL LIFE INTO THE GOOD WORK THAT'S GOING ON THERE AND A FACULTY MEMBER WAS RECENTLY OR WAS JUST DESIGNATED AS THE NEW AS THE INTERIM DIRECTOR OF LRPC.
AND SO WE'RE REALLY EXCITED ABOUT THE WORK THAT'S GOING TO BE GOING ON THERE.
AND IF ALL GOES WELL, WE MIGHT EVEN GET A FEDERAL EARMARK SO THAT LRPC CAN BE LOCATED ON NINTH STREET IN ONE OF THE BUILDINGS THAT REGENT CHAVEZ IS HELPING US STEWARD.
SO LET'S KEEP OUR FINGERS CROSSED ON THAT.
AND THANK YOU TO SENATOR BENNET FOR SUBMITTING THAT REQUEST IN CONGRESS.
WE ALSO HAVE GREAT THINGS GOING ON RIGHT HERE AT CU BOULDER.
IT WAS PRESIDENT GEE WHO MADE A COMMITMENT TO THE SOUTHERN UTE TO DO WHAT YOU JUST HEARD ABOUT.
AND I REACHED OUT TO TO CHANCELLOR DISTEFANO, WHO WORKED WITH HIS TEAM AND THEY DELIVERED AND WE WERE ABLE TO COMMEMORATE THAT AGREEMENT WITH AN MOU THAT WE SIGNED TOGETHER WITH THE SOUTHERN UTE.
AND IT WAS A WONDERFUL EVENT AND I'M GLAD THAT WE ARE FINALLY DELIVERING ON OUR PROMISE.
WE ALSO HAVE HAD REALLY EXCITING WORK GOING ON AT CU BOULDER IN SO MANY OTHER AREAS AND YOU'RE GOING TO GET TO HEAR ABOUT ABOUT SOME OF THAT LATER ON TODAY AND TOMORROW.
SO I'M NOT GOING TO SPEND TOO MUCH MORE TIME ON THAT.
AND YOU'LL HEAR IT DIRECTLY FROM THE PEOPLE WHO ARE DOING THE ACTUAL WORK.
AT THE CU SYSTEM I, TOO, WOULD LIKE TO WELCOME OUR NEW TREASURER, USHA SHARMAN.
WE HAD A REALLY FUN CU OR NOT.
IT'S NOT JUST CU, BUT COLORADO CAPITAL CONFERENCE THAT SEVERAL OF US JUST ATTENDED.
[01:00:04]
AND THANKS TO ALL WHO PARTICIPATED IN THAT, IT'S CO-HOSTED BY THE UNIVERSITY OF COLORADO, CSU AND CMU, COLORADO MESA UNIVERSITY.AND SPECIAL THANKS TO DANIELLE AND HER TEAM FOR THE WONDERFUL WORK THAT THEY DID TO PULL TOGETHER A GREAT, GREAT GROUP OF SPEAKERS AND A WONDERFUL SERIES OF TOURS. WE GOT TO GO ON TO THE US SENATE FLOOR, WHICH IS REALLY COOL AND REALLY SMALL.
SO, IT WAS JUST AN HONOR TO BE THERE AS SENATORS BENNET AND HICKENLOOPER WERE GREAT HOSTS, AND THEY, ALONG WITH OUR CONGRESSIONAL DELEGATION, HELPED US LINE UP A GREAT BUNCH OF SPEAKERS.
OKAY. AND CU BOULDER HAD A NICE CONTINGENT THERE AS WELL.
SO CONGRATULATIONS TO THE CAMPUS FOR THAT.
THEY WERE REALLY GLAD TO SEE US THERE.
AND WE WERE THRILLED TO BE THERE AND THRILLED TOO AND LOOKING FORWARD TO GOING BACK NEXT YEAR.
AND WE WILL HAVE A NICE CONTINGENT THERE AS WELL.
AND TO CELEBRATE AND SUPPORT, THE COMMUNITY.
AND FINALLY, I WANTED TO JUST THANK THE BOARD FOR YOUR ONGOING WORK AND PARTICIPATION, ESPECIALLY IN THE SUMMER MONTHS. WE'RE DOING ALL OF OUR OUTREACH WORK, A LOT OF OUR OUTREACH WORK.
AND THEY ARE A LOT OF FUN AND WE LEARN A LOT AND ARE ABLE TO SPREAD THE WORD ABOUT CU'S AWESOMENESS TO THE PEOPLE OF COLORADO AND TALK ABOUT THE INCREDIBLE THINGS THAT ARE GOING ON AT EACH OF OUR CAMPUSES.
SO THANKS TO THE BOARD FOR PARTICIPATING IN THOSE TRIPS.
IT STANDS FOR THE LATINO RESEARCH AND POLICY CENTER.
IT DOES. SO FOR EVERYONE'S BENEFIT.
AND IT MIGHT BE AND HOPEFULLY OUR EARMARK GETS APPROVED AND IT WILL BE LOCATED IN ONE OF THOSE AWESOME HOUSES WHICH YOU DID THAT ONE GET FINISHED UP? IT'S CLOSE.
[LAUGHTER] CONSTRUCTION DELAYS ANYWAY.
BUT ANYWAY, THANK YOU, CHAIR SMITH.
AT THIS POINT, WE WILL NOW HEAR FROM THE GOVERNANCE LEADERS.
[E. 2:45 p.m. GOVERNANCE LEADERS REPORTS]
AND FIRST ON THE AGENDA IS ICSF CHAIR AXEL BROWN AND AIDAN.OKAY. SO IT'S GOING TO BE A PLETHORA OF US.
WE'RE GOING TO DO IT A LITTLE BIT DIFFERENT THIS TIME.
AS ICSF HAS MET LIKE TWO TIMES SINCE THE LAST REGENT MEETING.
I'M AXEL BROWN. I'LL BE RETURNING NEXT YEAR AS THE VICE CHAIR TO ANSCHUTZ.
NICHOLAS DAWSON WAS THIRD IN LINE AND YEAH.
BOOM. HERE'S AIDAN. I'M AIDAN.
YOU KNOW ME? I FOLLOW AXEL EVERYWHERE.
HE WANTED ME TO GIVE A QUICK UPDATE FOR UCCS.
HELLO, EVERYONE. IT'S NICE TO MEET YOU ALL FOR THE FIRST TIME.
SOME OF YOU I'VE BEEN ABLE TO MEET BEFORE.
SINCE THE LAST UPDATE, THE STUDENT BODY OF CU ANSCHUTZ HAS EXPERIENCED SOME BIG CHANGES, PRIMARILY THE END OF THE SPRING SEMESTER AND START OF THE SUMMER SEMESTER FOR MANY OF OUR PROGRAMS. AS A STUDENT, I BELIEVE THIS IS A BIG CHANGE.
A SERIES OF PUBLIC CONCERTS ARE BEING HELD TO HELP FOSTER COMMUNITY DURING THIS TIME ON CAMPUS BETWEEN OUR VARIOUS DIFFERENT DISCIPLINES AS WELL AS BETWEEN STUDENTS, FACULTY AND STAFF. TO ALLOW FOR DUE TIME FOR OUR SENATORS TO REST, WE'RE ONLY GOING TO BE HOLDING ONE MEETING DURING THE SUMMER IN JULY IN ORDER TO REVIEW PROGRAM
[01:05:01]
UPDATES. DURING THE SAME TIME, OUR EXECUTIVE COMMITTEE HAS BEEN WORKING TO PLAN OUT EVENTS FOR OUR NEXT SEMESTER.AND RECENTLY THE SENATE PRESIDENT AND VICE PRESIDENT ATTENDED THE COLORADO CAPITAL CONFERENCE AND HAVE RETURNED WITH MANY NEW IDEAS ON HOW TO IMPROVE STUDENT REPRESENTATION AND COMMUNITY ENGAGEMENT ON OUR CAMPUS AND BEYOND.
THE STUDENT SENATE IS EXCITED ABOUT THE FALL SEMESTER, AND WE PLAN TO LEARN FROM OUR PREVIOUS EXPERIENCE IN ORDER TO HELP FOSTER BETTER COMMUNITY ON CAMPUS, AS WELL AS TO BETTER SERVE OUR STUDENT BODY.
THANK YOU ALL VERY MUCH FOR YOUR TIME.
I'M A FIRST YEAR STUDENT AND I ATTEND CU DENVER.
RIGHT NOW, PRESIDENT COMBS AND I ARE TWO OF THE BIGGEST ITEMS ON OUR AGENDA POLITICALLY ARE CREATING PRAYER SPACES PERMANENTLY FOR OUR MUSLIM STUDENTS ON CAMPUS AND ALSO DEALING WITH THE CONCEALED CARRY LEGISLATION THAT KEEPS COMING TO OUR TABLE.
AND A PROJECT OF OURS THAT WE'RE WORKING ON IS REVAMPING OUR FOOD PANTRY.
SO WE'RE REALLY EXCITED ABOUT THAT AND I'LL LET PRESIDENT COMBS TAKE IT FROM THERE.
AS VICE PRESIDENT BROOKS MENTIONED, I AM BRIA COMBS.
I AM THE PRESIDENT FOR THE STUDENT GOVERNMENT ASSOCIATION FOR CU DENVER.
VERY EXCITED TO BE HERE FOR THE FIRST TIME WITH ALL OF YOU.
WE'LL KIND OF GO OVER WHAT VICE PRESIDENT BROOKS JUST WENT OVER, BUT REALLY EXCITED TO MEET ALL OF YOU, REALLY EXCITED TO STEP INTO THIS ROLE AND WORK WITH EVERYBODY ON BETTERING CU DENVER AND CONTINUING TO IMPROVE NOT ONLY EDUCATION BUT ALSO IMPROVING OUR ON CAMPUS EXPERIENCE FOR ALL OF OUR STUDENTS.
AND YEAH, I WILL NOW PASS IT ON TO PRESIDENT CHASE.
THANK YOU. HI, REGENTS PRESIDENT SALIMAN, I'M GOING TO TURN THIS UP.
WE'RE SO EXCITED TO HAVE YOU HERE IN THE UMC.
I PROBABLY SPEND MORE TIME IN THE UMC THAN ANYBODY ELSE IN THE ROOM.
I'M SERVING ALONGSIDE GABY AGUIJOSA AND NARA BRETHOLTZ, WHO ARE NOT ABLE TO BE HERE TODAY.
WE'RE SUPER EXCITED TO BE HERE.
WE'RE FOCUSED ON A LOT OF INTERNAL WORK AND REALLY REESTABLISHING OURSELVES WITH THE STUDENT BODY AND ENGAGING WITH THE COMMUNITY IN BOULDER STATE LEGISLATURE AND WANT TO HIGHLIGHT THAT I AM FROM LAMAR IN SOUTHEASTERN COLORADO, MIDDLE OF NOWHERE.
THERE'S ONLY LIKE THREE STUDENTS FROM LAMAR CURRENTLY GOING TO CU.
THAT'S AWESOME AND REALLY NEEDED.
WE'RE HERE, WE EXIST, WE DO LOTS OF STUFF.
AND I WOULD ENCOURAGE YOU ALL TO CONTINUE TO THINK ABOUT HOW WE CAN SERVE THOSE KINDS OF POPULATIONS THAT ARE INCREDIBLY UNDERREPRESENTED AND WHO DO NOT HAVE THE SAME KIND OF VOICES THAT OTHERS DO.
IT'S INCREDIBLY IMPORTANT THING TO DO.
LASTLY, OUR OFFICE IS RIGHT THERE.
WE WOULD LOVE TO CHAT WITH YOU ANYTIME YOU'RE AROUND IN BOULDER.
THANK YOU FOR BEING HERE IN BOULDER.
I WOULD JUST LIKE TO ECHO FIRST.
I TOLD EVERYONE I WAS BRINGING HIM.
HE DIDN'T WANT TO COME UP AND SAY HI.
DR. LIGHTNER TOLD ME TO INTRODUCE HIM.
BUT MORE, OFTEN THAN NOT, I JUST WANT TO SAY THANK YOU TO THE PRESIDENT, THE BOARD OF REGENTS, AND EVERYONE THAT HAS MADE ME AND AIDAN AND I'S TIME AS THE ICSF CHAIR AND CO-CHAIR, SO WELCOMING, ESPECIALLY DR.
REDDY. WE ALWAYS WILL BE THANKFUL FOR YOUR UNWAVERING LEADERSHIP.
BUT I THINK THE MOST IMPORTANT THING IT IS TO SAY IS THAT AIDAN AND I ARE FINALLY PROUD TO BE ABLE TO SAY, YOU KNOW, I KNOW A LOT OF PEOPLE CAN'T SAY IT, BUT WE ARE ALUMS OF UCCS, YOU KNOW, SO.
[LAUGHTER] WE'LL BE AROUND STILL.
STILL, AS THE STUDENT BODY PRESIDENT AND VICE PRESIDENT, WE GOT REELECTED FOR ONE MORE YEAR.
SO WHEN YOU COME DOWN TO OUR CAMPUS, WE'LL MAKE SURE TO SHOW SOME LOVE AND PROBABLY GET YOU SOME OF THOSE KRISPY KREME DONUTS THAT HELPED GET US REELECTED. [LAUGHTER] DOES ANYONE HAVE ANY QUESTIONS? NO, NO, NO.
THANKS. I'LL JUST SAY THAT IT'S REALLY GREAT TO MEET ALL THE DIFFERENT STUDENT LEADERS.
YOU KNOW, YOU PLAY SUCH AN IMPORTANT ROLE ON YOUR CAMPUSES.
[01:10:04]
AND, YOU KNOW, EACH CAMPUS HAS A DIFFERENT FOCUS AND IT'S GOOD TO HEAR WHAT IT IS.NEXT, WE WILL HEAR FROM STAFF COUNCIL.
YEAH. STAFF COUNCIL CO-CHAIRS JÁNET HURT AND ALAN SLINKARD.
IT LOOKS LIKE ALAN WILL BE THE ONE PRESENTING TODAY.
SO ENGAGEMENT IS THE MOST EFFECTIVE PREDICTOR OF AN ORGANIZATION'S SUCCESS.
OUR PRESENTATIONS OVER THE PAST YEAR HAVE IN ESSENCE BEEN ASKING THE QUESTION, WHY WOULD ANYONE WANT TO WORK HERE? AS IT TURNS OUT, THIS IS A QUESTION FOR OUR TIMES AND ONE IN WHICH OUR STAFF HOPED WOULD HAVE THE FOLLOWING SIX THINGS IN COMMON.
THEY WANT TO WORK SOMEWHERE THEY CAN BE THEMSELVES.
THEY WANT TO KNOW WHAT'S GOING ON WITHIN THE ORGANIZATION.
THEY WANT TO DEVELOP AND BECOME MORE SKILLED.
THEY WANT TO WORK SOMEWHERE THEY'RE PROUD OF.
JÁNET AND I IN DIGGING A LITTLE BIT DEEPER FOUND A STUDY DONE BY A PROFESSOR NAMED ROB GOFFEE AT THE LONDON SCHOOL OF BUSINESS WHO DEVELOPED A MATRIX THAT I THINK FITS WHAT WE'VE BEEN TRYING TO DISCUSS WITH YOU FOR THE LAST YEAR.
ITEMS SUCH AS DIFFERENCE, RADICAL HONESTY, EXTRA VALUE, AUTHENTICITY, MEANING, AND SIMPLE RULES.
IN A WAY, THE MODEL IS OBVIOUS.
WOULD YOU WANT TO WORK SOMEWHERE WHERE YOU CONSTANTLY HAVE TO CONFORM TO CERTAIN SPECIFIC RULES AND GUIDELINES WHERE NO ONE TELLS YOU WHAT'S GOING ON, WHERE YOU DON'T GET DEVELOPED SOMEWHERE YOU DON'T BELIEVE IN WHERE THE WORK IS MEANINGLESS AND IT'S FULL OF SILLY RULES.
IN A WAY, THE MODEL IS OBVIOUS, BUT IF IT IS SO OBVIOUS, WHY ARE SO MANY ORGANIZATIONS NOT FOLLOWING THE GUIDELINES THAT THIS DREAM MATRIX TALKS ABOUT? SO I'D LIKE TO SHARE WITH YOU IS WHAT PROFESSOR GOFFEE FOUND.
FIRST OF ALL, THE D FOR DIFFERENCE.
MOST THINK DIVERSITY HAVE A BALANCE.
EXCUSE ME. MOST THINK DIVERSITY.
WE'RE TALKING ABOUT DIFFERENCE BEYOND DIVERSITY.
DO ORGANIZATIONS NEED A CERTAIN LEVEL OF CONFORMITY? YES, OF COURSE THEY DO.
ORGANIZATIONS NEED TO WORK A LITTLE BIT HARDER TO NOT ONLY TOLERATE, BUT CELEBRATE DIFFERENCE.
EMPLOYEES WANT TO KNOW WHAT'S GOING ON.
AND IT'S GOING TO COME VERY QUICKLY AND WITHOUT CONTROL.
OF COURSE, WE CAN'T TELL PEOPLE EVERYTHING, BUT ORGANIZATIONS NEED TO MOVE AWAY FROM HOARDING INFORMATION TO SHARING IT FROM SPINNING STORIES TO PRESENTING THEM SIMPLY AND DIRECTLY.
EMPLOYERS NEED TO EXTEND THIS MINDSET TO ALL PEOPLE ACROSS THE ENTERPRISE, NOT JUST THE MANAGEMENT.
IT'S EXEMPLARY IN THE EDUCATION THAT IT PROVIDES THOSE EMPLOYEES AT ALL LEVELS OF THE ORGANIZATION.
[01:15:04]
BENEFITS. AUTHENTICITY.THE BAND-AID APPROACH TO AUTHENTICITY IN THE WORKPLACE HAS ALWAYS BEEN THE CORPORATE MISSION STATEMENT, THAT WONDERFUL ENTITY THAT SEEMS TO GET REWRITTEN ABOUT EVERY THREE YEARS. ORGANIZATIONS NEED TO PRACTICE THEIR VALUES, TAKE THEM TO HEART, AND EXEMPLIFY THEM IN EVERYTHING THEY DO.
IT MIGHT SOUND LIKE A CLICHÉ, BUT AUTHENTIC ORGANIZATIONS NEED AUTHENTIC LEADERSHIP, AND I THINK WE GOT TO WITNESS THAT RECENTLY WHEN WE WATCHED THE DENVER NUGGETS WIN THE NBA CHAMPIONSHIP.
NIKOLA JOKIĆ IS PROBABLY THE BEST EXAMPLE OF HUMBLE LEADERSHIP, SOMEONE THAT MADE A COMMENT TO AN ESPN REPORTER THAT WHEN HE CAME TO DENVER, HIS MAIN ROLE WAS TO TRY TO BUILD A FAMILY LIKE THE ONE THAT HE HAD IN SERBIA, BECAUSE IF YOU BUILD A FAMILY, FAMILIES LISTEN TO ONE ANOTHER AND LIKE NIKOLA JOKIĆ DOESN'T LISTEN WITH AN EGO.
A BMW ENGINEER KNOWS WHY HE OR SHE IS GOING TO WORK TO BUILD THE ULTIMATE DRIVING MACHINE.
IN OTHER WORDS, PEOPLE CONNECT THEIR JOBS TO OUTCOMES.
YET TODAY THERE'S A LACK OF CONNECTION TO OTHERS IN THE CORPORATE COMMUNITY DUE TO SUCH THINGS AS DIVISION OF LABOR AND THE TIME BETWEEN WHAT EMPLOYEES DO AND THE FINAL PRODUCT THAT THEY COMPLETE.
MAKING MEANING BECOMES A DIFFICULT TASK WHEN THERE'S A LOT OF DISTANCE BETWEEN WHAT WE PROVIDE AS AN IMPETUS FOR DOING WHAT WE ASK OUR EMPLOYEES TO DO AND GETTING THEM TO THE FINISH LINE.
EMPLOYEES BECOME IRRITATED BY BUREAUCRACY.
THE BIGGER AN ORGANIZATION BECOMES, THE MORE CHALLENGING IT IS TO RETAIN SIMPLE RULES AS ONE ENTITY, EVEN THOUGH THEY, AGAIN GET A LOT OF BAD PUBLICITY THAT IS WORKING PRETTY WELL AT THIS PARTICULAR FUNCTION IS NETFLIX.
NETFLIX OVER THE LAST SEVERAL YEARS HAS STREAMLINED AND CREATED A LEVEL OF TRANSPARENCY WITH THEIR EMPLOYEES CONCERNING EVERYTHING FROM THEIR PAY RATES, THE WAY THAT THE SALARIES ARE STRUCTURED AND HOW HOLIDAYS AND WORK LIFE BALANCE WILL WORK OUT.
I THINK IF ORGANIZATIONS CAN REMEMBER THREE THINGS, THEY ALL BEGIN WITH A C.
CONNECTION, COMMUNITY AND CAUSE.
IF WE CAN GET THOSE RIGHT, PEOPLE WILL FIND MEANING FROM WHAT THEY DO.
NOW, IF WE CAN IMPROVE ON THESE SIX ELEMENTS, STUDIES WILL SHOW THAT WE'LL HAVE A MORE ENGAGED WORKFORCE, GREATER PRODUCTIVITY, AND IT'LL BE A LOT EASIER FOR US TO RETAIN TALENT.
AFTER THE COVID CRISIS, PEOPLE TALKED ENDLESSLY ABOUT THE WORKPLACE REINVENTING ITSELF.
THIS IS NO LONGER AN ABSTRACT IDEA.
AS WE NOW UNDERSTAND, THE WORKPLACE WON'T REINVENT ITSELF UNLESS ORGANIZATIONS REINVENT THEMSELVES.
IN CLOSING, JÁNET AND I WOULD LIKE TO SAY THAT WE FEEL BLESSED, AS DO OUR STAFF, TO WORK FOR AN ENTITY THAT'S WORKED HARD OVER THE PAST SEVERAL YEARS TO FULFILL ALL OF THESE ITEMS THAT MAKE UP THE ACRONYM OF A DREAM.
OUR HOPE IS, AND I'M SURE IT IS THE LEADERSHIP AS WELL, THAT AS WE RECEIVE THE RESULTS TO THE UPCOMING ENGAGEMENT SURVEY, THAT WE HOPE TO GET THE RESULTS FROM THAT MATCH THAT TO PAST RESULTS IT WILL BE ABLE TO HELP US SEE EXACTLY HOW WE'VE IMPROVED AND WHAT STILL NEEDS TO BE DONE FOR THE FUTURE GROWTH OF THIS BEAUTIFUL SYSTEM THAT WE ALL WORK FOR.
WE, AS LEADERSHIP OF THE UNIVERSITY OF COLORADO STAFF COUNCIL, WANT TO CELEBRATE BEING PART OF THIS CU DREAM TEAM, AND WE'LL CONTINUE TO WORK WITH LEADERSHIP ON EVERY CAMPUS AND AT THE SYSTEM LEVEL TO HELP FACILITATE CREATING A WORKPLACE WE CAN ALL BE PROUD OF.
THANK YOU. NOW, IF I CAN HAVE ONE SECOND FOR JÁNET TO FILL YOU IN ON THE ELITCH'S EVENT.
I'LL MAKE THIS BRIEF, I PROMISE.
HI CHAIR SMITH, PRESIDENT SALIMAN AND REGENTS.
[01:20:08]
IT WAS HELD THIS PAST SATURDAY, JUNE 17TH, AND IT WAS A EXCELLENT EVENT.WE HAD 1200 TICKETS AND WE SOLD 1169.
WE HAD GREAT PARTICIPATION FROM ALL OF THE CAMPUSES IN THE SYSTEM OFFICE AND EVERYONE JUST KEPT TALKING ABOUT HOW THANKFUL THEY WERE AND THANKING US FOR PUTTING THIS EVENT ON.
AND IT IS, I THINK, BEST ILLUSTRATED BY THIS EXPERIENCE THAT I HAD THAT I WILL RELAY.
I HAD COME UP TO THE BOULDER CAMPUS, TO THE BOOKSTORE WHO WAS SELLING THE TICKETS FOR THIS CAMPUS TO GET SOME MORE TICKETS BECAUSE ANSCHUTZ HAD SOLD OUT FOR THE SECOND TIME IN TWO DAYS.
SO I NEEDED TO GET SOME MORE AND ELITCH'S WASN'T ABLE TO PRINT THEM IN TIME, SO I CAME UP HERE TO GET SOME AND THERE WAS AN ENVIRONMENTAL SERVICES EMPLOYEE BUYING TEN TICKETS AND I WAS LIKE, OH MY GOODNESS, TEN TICKETS.
AND I TALKED TO HER AND SHE WAS RELAYING HOW SHE HAS EIGHT KIDS AND HER AND HER HUSBAND.
AND SHE WAS SAYING HOW HER KIDS HAD BEEN ASKING HER, BEGGING HER TO TAKE THEM TO ELITCH GARDENS.
SO THAT WAS WHY THIS EVENT WAS SO IMPORTANT AND THAT'S WHY WE TRY TO PUT IT ON FOR ALL OF THE STAFF AND EMPLOYEES TO BENEFIT AND HAVE A GOOD TIME WITH THEIR FAMILIES AND COLLEAGUES. SO THANK YOU TO EVERYONE WHO SUPPORTED THIS EVENT.
PRESIDENT SALIMAN, CHANCELLOR REDDY, CHANCELLOR DISTEFANO, FELICITY O'HERRON.
THANK YOU ESPECIALLY FOR YOUR HELP WITH IT.
I'M GOING TO PASS IT BACK OVER TO PRESIDENT SALIMAN BECAUSE HE FORGOT SOMETHING.
I FORGOT TO ASK THE CHANCELLORS AND THEIR DESIGNEES TO SHARE SOME COMMENTS TODAY.
AND SO WE WILL START WITH PROVOST MOORE AND GIVE US A BRIEF TWO MINUTE UPDATE ON THE CAMPUS.
I DON'T KNOW IF THIS WILL BE TWO MINUTES LONG, BUT FIRST OF ALL, I WANT TO THANK PRESIDENT SALIMAN AND ALL OF THE REGENTS WHO WEATHERED THE STORM QUITE LITERALLY TO COME TO OUR GRADUATION EVENT AT WHICH WE GRADUATED 9,500 SOME ODD STUDENTS.
AND DESPITE THE WEATHER, IT REALLY WAS A JOYOUS EVENT.
SO, AGAIN, THANK YOU FOR, YOU KNOW, WEATHERING THE WEATHER, AS IT WERE.
BUT IT WAS JUST A SPECTACULAR EVENT.
AND THE STUDENTS AND THEIR FAMILIES WERE JUST OVER THE MOON.
SO THANKS SO MUCH FOR COMING OUT.
ALSO, THE ONLY OTHER THING I'D LIKE TO BRING UP IS YOU'LL SEE MORE DETAIL ON THIS TOMORROW.
BUT AS MANY PEOPLE KNOW, PEOPLE OFTENTIMES ARE GRAPPLING WITH ENROLLMENT TARGETS.
AND WE ARE GUARDEDLY OPTIMISTIC ON THE BOULDER CAMPUS THAT WILL ACTUALLY NOT ONLY DEFEND OUR ENROLLMENT TARGETS, BUT MAYBE POSSIBLY JUST BY A SMIDGEN EXCEED THEM.
NOW WE HAVE SUMMER MELT, BUT ONCE AGAIN, WE'RE GUARDEDLY OPTIMISTIC.
WE'RE EMERGING FROM A PANDEMIC.
WE'LL SAVE YOU FOR LAST, CHANCELLOR REDDY.
I DO. I CALL YOU PROVOST DARREN.
IS THAT THE RIGHT TITLE? WELL, PEOPLE CALL ME ALL KINDS OF THINGS, SO I'LL GO FOR A RIDE TODAY, BUT WE'LL SEE WHAT WE DO NEXT.
OUR EDUCATION AND TRAINING MISSION IS FLOURISHING.
THERE ARE NEW STUDENTS AND TRAINEES BACK ON CAMPUS.
AS YOU KNOW, IT'S A 12 MONTH EDUCATIONAL PROGRAM.
IN ADDITION, THERE WERE 300 NEW INTERNS WHO STARTED THEIR CLINICAL TRAINING LAST WEEK.
[01:25:02]
SO EDUCATION AND TRAINING FOR THE FUTURE HEALTH CARE WORKFORCE IS WELL UNDERWAY AT ANSCHUTZ.SIMILARLY, OUR RESEARCH MISSION EXPECTS TO END THE YEAR STRONG WITH RESPECT TO FUNDING, DESPITE THE INCREASED COMPETITION FOR FEDERAL FUNDING FOR RESEARCH. OUR FACULTY CONTINUE TO DO WELL IN THAT REGARD.
AND FINALLY, ON THE PHILANTHROPY SIDE, TO EXTEND OFF OF WHAT WAS ALREADY SAID, A GENEROUS GIFT FROM THE ANSCHUTZ FOUNDATION AND PHILANTHROPY, WE EXPECT TO END THE YEAR VERY STRONG, EXCEEDING THE GOAL OF 220 MILLION FOR THIS YEAR.
AND DAN MAXEY, THE CHIEF OF STAFF FOR CHANCELLOR MARKS.
AND I WANT TO START OUT BY RECOGNIZING THE SUCCESS OF OUR MOST RECENT GRADUATES.
YOU NOTED THE 18,000 SOME ODD GRADUATES AT CU GRADUATED IN MAY.
MORE THAN 2250 OF THEM WERE CU DENVER GRADUATES.
AND WE ARE SO THRILLED TO CELEBRATE THEM.
1400 OF THOSE ARE EARNED BACHELOR'S DEGREES AND 52% OF THOSE ARE FIRST GENERATION STUDENTS.
AND THAT IS SUCH AN IMPORTANT PART OF THE MISSION THAT CU DENVER SERVES AND WE ARE SO PROUD OF OUR STUDENTS AND OUR GRADUATES AND I'M GLAD TO SEE SOME REPRESENTATION FROM OUR STUDENT GOVERNMENT LEADERSHIP HERE TODAY AS WELL.
WE WERE ALSO HONORED AT COMMENCEMENT TO RECOGNIZE ANNA JO HAYNES GARCIA, WHO LIVED IN THE AURARIA NEIGHBORHOOD ON WHAT IS NOW OUR CAMPUS IN HER YOUTH AND HAS EXEMPLIFIED A LIFE OF PUBLIC SERVICE AND PROVIDING LEADERSHIP AND DIRECTION TO IMPROVE THE LIVES OF CHILDREN IN DENVER AND REALLY ALL ACROSS COLORADO.
I WANT TO THANK THE REGENTS FOR BESTOWING THAT HONOR ON HER.
WE HAD A GREAT TIME CELEBRATING ANNA JO IN MAY.
WE ALSO HAD OUTGOING DENVER MAYOR AND CU DENVER ALUMNUS MICHAEL HANCOCK ADDRESS OUR STUDENTS.
I WANT TO THANK THE REGENTS AND SYSTEM LEADERSHIP WHO PARTICIPATED IN THE COMMENCEMENT ACTIVITIES.
YOU WERE NOT THE ONLY ONES WHO HAD WEATHER OUR QUAD WAS FLOODED ON THE AURARIA CAMPUS.
AND SO WE OUR TEAMS HAD TO MOVE VERY QUICKLY TO GET EVERYTHING INDOORS AT THE DENVER COLISEUM.
[LAUGHTER] AND SO IT WAS A GREAT DAY.
YOU MENTIONED PRESIDENT SALIMAN, THE AANAPISI DESIGNATION CU, DENVER AND ANSCHUTZ MEDICAL CAMPUS HAVE BEEN JOINTLY RECOGNIZED AS THE FIRST INSTITUTION IN THE ROCKY MOUNTAIN REGION TO BE AN ASIAN AMERICAN AND NATIVE AMERICAN PACIFIC ISLANDER SERVING INSTITUTION, OR AANAPISI.
THAT IS ONLY AVAILABLE IF YOU HAVE THAT DESIGNATION.
IN CONJUNCTION WITH THE ANNOUNCEMENT THAT WAS ANNOUNCED THAT THE DEPARTMENT OF EDUCATION AWARDED CU $1.8 MILLION DOLLARS OVER THE NEXT FIVE YEARS TO SUPPORT PEER STUDENT SUCCESS COACHING PROGRAMS, PEER MENTAL HEALTH PROGRAMING, STUDENT ACTION RESEARCH TEAMS, AND EVIDENCE BASED CONTENT CREATION TEAM TO BUILD MATERIALS FOR USE BY PEER STUDENT SUCCESS AND MENTAL HEALTH COACHES, AS WELL AS AN EXPANSION OF DUAL ENROLLMENT COURSES AT AREA HIGH SCHOOLS.
AND I WANT TO MAKE SURE TO RECOGNIZE THAT THE AANAPISI OPERATIONAL TEAM WHO'S WORKED OVER THE LAST TWO YEARS TO MAKE SURE THAT WE COULD WIN THAT DESIGNATION. AND WE ARE VERY PROUD TO HAVE THAT DESIGNATION AS WE MOVE FORWARD.
AS WE RELAUNCH THAT SYSTEM, WE ARE REFOCUSING AND STRENGTHENING THE LRPC IN THE AREAS OF EDUCATIONAL EQUITY AND ENVIRONMENTAL JUSTICE, USING ITS EQUITY, FOCUS AND RESEARCH STRENGTH TO SERVE THE NEEDS OF DENVER'S HISPANIC AND LATINO COMMUNITY.
THE LRPC WILL BE A LEADER IN ADVANCING LATINO COMMUNITY INFORMED INTERDISCIPLINARY RESEARCH TO INFORM POLICY DECISIONS IN PARTNERSHIP WITH COMMUNITIES AND COMMUNITY LEADERS IN DENVER.
WE ALSO EXPECT THE LRPC TO SUPPORT OUR EFFORTS TO RETAIN STUDENTS IN COLLEGE AND SHARE RESEARCH BACKED PRACTICES THAT CAN ENCOURAGE LATINX STUDENTS TO PURSUE FACULTY AND RESEARCH CAREERS. AND HOPEFULLY THIS BECOMES AN IMPORTANT PART OF OUR STRATEGY, NOT JUST TO REGAIN OUR HSI STATUS, BUT TO HOLD ONTO IT.
I WANT TO JUST NOTE THAT WE ANNOUNCED THE APPOINTMENT OF EDUCATION PROFESSOR CARLOS HIPOLITO-DELGADO AS INTERIM EXECUTIVE DIRECTOR OF THE CENTER, AND WE ARE LAUNCHING A NATIONAL SEARCH FOR A PERMANENT DIRECTOR SHORTLY.
LOOK FORWARD TO HOSTING THE REGENTS ON THE DENVER CAMPUS IN SEPTEMBER.
WE'RE ALREADY WORKING ON OUR PREPARATIONS.
I THINK THAT'S THE NEXT FULL MEETING WITH THE RETREAT IN BETWEEN.
[01:30:03]
BUT I APPRECIATE THIS OPPORTUNITY TO SHARE A LITTLE BIT OF ADDITIONAL DETAIL ON SOME OF THE ITEMS THAT YOU PROVIDED IN YOUR EARLIER REPORT.THANK YOU. GREAT. THANK YOU VERY MUCH FOR SHARING ALL THAT.
IT LOOKS LIKE REGENT CHAVEZ GO AHEAD. CAN I JUST ADD ONE THING? THE 2200 STUDENTS THAT GRADUATED FROM CU DENVER INCLUDED MY DAUGHTER AND I WAS SO PROUD TO BE ABLE TO HAND HER HER DIPLOMA. IT WAS ONE OF THE PROUDEST DAYS OF MY LIFE.
SO I JUST WANTED TO MENTION THAT.
AND REGENT CHAVEZ CAN YOU PLEASE MENTION THE PASSING OF THE.
I WAS HONORED TO ATTEND A MEMORIAL SERVICE FOR DR.
FERNIE BACA [INAUDIBLE], WHO WAS A TRAILBLAZER ON THE CU DENVER CAMPUS.
SHE WORKED IN THE SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT AND WAS THE FIRST LATINA DEAN OF THAT SCHOOL OF A MAJOR UNIVERSITY IN THE COUNTRY.
AND HER SISTER, POLLY BACA, IS VERY WELL KNOWN IN POLITICAL CIRCLES.
SHE WAS THE FIRST LATINA TO SERVE IN THE STATE SENATE.
AND SO THEIR FAMILY WAS JUST A WONDERFUL PART OF OUR COMMUNITY.
BACA [INAUDIBLE] WAS A MENTOR TO MY WIFE WHEN SHE WAS IN HIGH SCHOOL, TOOK STUDENTS FROM NORTH HIGH SCHOOL, AND SHE WORKED FOR DENVER PUBLIC SCHOOLS TO MEXICO FOR A SEMESTER AND MADE SUCH AN IMPRESSION ON HER LIFE AND THE LIVES OF SO MANY OTHERS IN DENVER AND ESPECIALLY IN THE LATINO COMMUNITY.
AND I JUST WANTED TO MENTION HER PASSING.
THANK YOU. AND THEN FINALLY, WE'D LIKE TO.
OH, SORRY. I JUST WANT TO MAKE A QUICK COMMENT SINCE WE'RE TALKING ABOUT COMMENCEMENTS.
OKAY, SO WHO ALL IN HERE GOT DEGREES? SO WE HAVE TWO REGENTS WHOSE KIDS GOT DEGREES THIS LAST CYCLE AND WE KNOW WHO ELSE IS? SO AIDAN, YOU DID ANYONE ELSE GET A DEGREE THIS LAST GO ROUND? OKAY. YEAH.
WELL WE HAD A LOT OF CU FACULTY AND STAFF RECEIVED ADDITIONAL DEGREES THIS LAST CYCLE AND SO MANY OF THEIR LOVED ONES AS WELL.
SO CONGRATULATIONS TO OUR REGENTS WHOSE KIDS MADE IT ACROSS THE FINISH LINE AND CONGRATULATIONS TO ALL THOSE IN THE CU COMMUNITY WHO CONTINUED THEIR EDUCATION OR COMPLETED IT. SO WITH THAT, I WOULD LIKE TO KICK IT OVER TO TO CHANCELLOR REDDY FOR YOUR LAST CHANCELLOR REPORT.
THANKS AGAIN FOR YOUR SERVICE.
SO WE ALSO FINISHED THE SPRING SEMESTER STRONG GRADUATING NEARLY 1600 MEMBERS OF THE CLASS OF 2023.
AND WE HAD REALLY NO EXCITEMENT LIKE RUNNING OFF FROM THE RAIN AND STUFF.
SO WE ACTUALLY DID IT INDOORS.
SO BOTH WENT PRETTY SUCCESSFULLY.
I WANT TO THANK ALL THE REGENTS WHO WERE ABLE TO ATTEND.
MORE THAN 1300 ATTENDED THE COMMENCEMENT CEREMONIES, OUR LARGEST PARTICIPATION EVER.
SO WE ARE WORRIED ABOUT GROWING OUT OF THAT PLACE AS WELL.
SO THAT WOULD BE A GOOD PROBLEM TO HAVE.
I'M ALSO PROUD TO ANNOUNCE THAT UCCS HAS BEEN AWARDED THE HUNGER FREE DESIGNATION BY THE COLORADO DEPARTMENT OF HIGHER EDUCATION IN RECOGNITION OF OUR COMMITMENT TO PROVIDING FOOD RESOURCES AND SUPPORT TO OUR STUDENTS.
INITIATIVES INCLUDE OUR ON CAMPUS FOOD PANTRY, CLYDE'S CUPBOARD, THE MOUNTAIN LION MEAL PROGRAM THAT PROVIDES FREE MEALS AT THE DINING HALLS FOR STUDENTS WHO DO NOT HAVE A MEAL PLAN. AND OUR VARIOUS SUPPLEMENTAL PROGRAMS THROUGH THE MAIN PANTRIES SUCH AS FRESH FOOD FRIDAY.
WE ALSO HELD A SCULPTURE DEDICATION ON MAY 30TH, AS PRESIDENT SALIMAN MENTIONED.
SO THE SCULPTURE ITSELF IS CALLED OLYMPIANS AND PARALYMPIANS AMONG US SCULPTURE.
SO I HOPE YOU ALL GET AN OPPORTUNITY TO COME AND SEE THE SCULPTURE ON OUR CAMPUS.
ENROLLMENT IN OUR SUMMER, WE EXCEEDED OUR TARGET BY 1.2%.
AND WE'RE ALSO LOOKING FORWARD TO THE FALL SEMESTER.
OUR APPLICATION AND ADMINS CONTINUE TO TRACK AHEAD OF LAST YEAR.
BUT WE DON'T WANT TO GET TOO EXCITED, SO WE'LL WAIT FOR A DECENT RESULT THERE AS WELL.
AND OF COURSE, THE BIG NEWS AT UCCS IS I'LL BE STEPPING DOWN.
[01:35:07]
IT WAS REALLY A PRODUCTIVE SIX AND A HALF YEARS IN THE CHANCELLOR'S POSITION.BUT I'LL CLOSE BY SAYING I WON'T MISS THE MEETINGS, BUT I CERTAINLY WILL MISS THE PEOPLE.
[LAUGHTER] SO BUT THANK YOU AGAIN.
ALL RIGHT. SO WE ARE GOING TO GO BACK TO GOVERNANCE LEADERS REPORTS.
CINDY O’BRYANT ON THE ZOOM, RIGHT, AMBER? YES. OKAY.
SORRY YOU COULDN'T BE WITH US.
SEEMS LIKE WEATHER IS RUNNING AFOUL FOR EVERYONE, INCLUDING ONE OF OUR REGENTS.
SO SORRY YOU'RE NOT HERE WITH US IN PERSON TODAY.
AND THANK YOU, PRESIDENT SALIMAN AND VICE CHAIR MONTERA FOR HAVING ME HERE TODAY.
I APOLOGIZE FOR NOT BEING THERE.
WEATHER PREVENTED ME FROM FLYING OUT FROM ATLANTA.
I THINK I PULLED THE RAIN FROM COLORADO TO HERE.
SO WE'VE HAD THUNDERSTORMS ALL YESTERDAY AND I WAS NOT ABLE TO GET BACK FOR THE MEETING TODAY.
SO OUR FACULTY COUNCIL DID HAVE AN ADDITIONAL MEETING OUTSIDE OF OUR KIND OF STANDARD MEETINGS, AND WE MET IN MAY PRIMARILY TO FINISH UP SOME FINAL BUSINESS AND TO COMPLETE AN ELECTION FOR OUR EXECUTIVE COMMITTEE.
SO DURING THAT MEETING, WE DID ELECT JORGE CHAVEZ AS VICE CHAIR OF FACULTY COUNCIL.
SO WITH THAT, WE HAVE A FULL EXECUTIVE COMMITTEE FOR THE UPCOMING YEAR.
SO OUR CHAIR IS ALASTAIR NORCROSS FROM BOULDER, WHO IS THERE.
I CAN'T SEE YOU, ALASTAIR BUT MAYBE WAVE AND STAND UP AND WAVE.
SO ALASTAIR WILL BE THE CARETAKER OF FACULTY COUNCIL FOR THE UPCOMING YEAR.
SO EXCITED TO HAVE HIM ON BOARD.
AS I MENTIONED, JORGE CHAVEZ FROM DENVER WILL BE OUR VICE CHAIR.
SO WE HAVE GOOD REPRESENTATION FROM OUR CAMPUSES.
ALSO AT THAT MEETING, WE DID GIVE JOANNE ADDISON.
SHE WAS AWARDED THE FACULTY COUNCIL DISTINGUISHED SERVICE AWARD.
BUT SHE REALLY DID STEP UP THIS YEAR AND HELP WITH THE DENVER FACULTY ASSEMBLY IN A TIME OF NEED AND REALLY SHOULDERED A LOT OF EXTRA WORK AND REALLY DID A GREAT JOB TO HELP CO-LEAD AND THE FACULTY ASSEMBLY AND WORK WITH THE CAMPUS GOVERNANCE THERE TO REALLY MAKE SOME STRIDES IN RECOGNIZING FACULTY IN MANY OF THE DISCUSSIONS THEY'VE HAD REGARDING HOW THAT CAMPUS IS MOVING FORWARD.
SO I REALLY APPRECIATE HER EFFORTS.
WE DID NOTE AT THE APRIL MEETING THAT THE FACULTY COUNCIL HAD VOTED TO AWARD SENATOR MARK BAISLEY AND SENATOR JEFF BRIDGES, THE FACULTY COUNCIL LEADERSHIP AND HIGHER EDUCATION AWARD.
AND WITH THAT, WE WILL BE HOLDING THAT CEREMONY ON JULY 25TH.
WE HAVE MYSELF AND TAMARA TERZIAN FROM THE ANSCHUTZ MEDICAL CAMPUS, ALASTAIR NORCROSS, AND POLLY MCLEAN FROM THE BOULDER CAMPUS, JAMES MA AND NORAH MAZEL FROM THE COLORADO SPRINGS CAMPUS, AND JOANNE ADDISON AND ERIC BAKER FROM THE DENVER CAMPUS.
AND SO WE'LL BE MEETING ON JULY 17TH THEN, AS WELL AS JULY 31ST TO COMPLETE THE UPDATE TO THE BYLAWS AND THE FACULTY SENATE CONSTITUTION SO THAT THAT COULD BE VOTED ON DURING THE FALL.
AND WE WILL COMPLETE THAT PROCESS THAT'S BEEN ONGOING FOR A WHILE NOW.
AND SO WE'RE EXCITED TO GET THAT COMPLETED.
WE HAVE A FEW NEW FACULTY ASSEMBLY OFFICERS ON OUR CAMPUS.
[01:40:05]
CHAIR AT DENVER.JUST SOME. HIGHLIGHTS FROM THE COMMITTEES.
I WON'T GO INTO DEPTH WITH EVERYTHING.
[INAUDIBLE] COMMITTEE IS CONTINUING TO WORK WITH JUDI BONACQUISTI ON AN ANTI-CASTEISM RESOLUTION FOR FACULTY COUNCIL AND RECOGNIZING THAT AS A PROTECTED CASTE.
OUR LGBTQ PLUS COMMITTEE HOSTED A VERY SUCCESSFUL QUEER FUTURES CONFERENCE ON THE UCC CAMPUS IN MAY, SO REALLY WANT TO RECOGNIZE THEM FOR ALL THE HARD WORK THAT THEY PUT INTO THAT AND THE SUCCESS OF THAT CONFERENCE.
AND THEN LASTLY, JUST ALSO WANT TO RECOGNIZE THE WOMEN'S COMMITTEE WHO HOSTED A WOMEN AT WORK VIRTUAL SYMPOSIUM ON MAY 3RD, WHICH WAS VERY WELL ATTENDED. I ATTENDED IT AND JUST DID A REALLY GREAT JOB.
SO JUST REALLY WANT TO SHOUT OUT TO ALL THE GREAT WORK THAT OUR FACULTY COUNCIL COMMITTEES AND DID THIS YEAR AND AND HOW THEY'RE MOVING THINGS FORWARD AND REALLY RECOGNIZING THE NEEDS OF THE FACULTY AND BEING THERE TO SUPPORT AND MOVE THINGS FORWARD.
LASTLY, I JUST WANT TO THANK YOU ALL AS THIS IS MY OUTGOING MEETING.
SO THANK YOU BOARD OF REGENTS REALLY HAVE ENJOYED WORKING WITH YOU AND REALLY ENJOYED WORKING WITH PRESIDENT SALIMAN AND MIKE LIGHTNER IN OUR DISCUSSIONS ABOUT FACULTY COUNCIL AND THE NEEDS AND THAT WE'RE WORKING ON AND THE NEEDS OF THE FUTURE.
ALSO WANT TO THANK ALAN AND JÁNET.
AND THEN ALSO TO AXEL AND AIDAN.
JUST WANT TO SAY THANKS FOR ALL THE WORK THAT YOU GUYS HAVE DONE.
IT'S BEEN GREAT TO GET TO KNOW YOU.
AND I JUST WILL SHOUT OUT THAT I DO KNOW THE PERSUASION OF A KRISPY KREME DONUT.
AND THEN LASTLY, UNLIKE REGENTS WHO ARE GRADUATING CHILDREN FROM COLLEGE, MY DAUGHTER WILL BE AN INCOMING FRESHMAN AT CU BOULDER IN THE FALL. SO REALLY LOOKING FORWARD TO BEING A PART OF THE COMMUNITY IN A DIFFERENT WAY IN THE NEXT COMING YEARS.
WOW. [APPLAUSE] WELL, WE LOVE HEARING THAT YOUR DAUGHTER'S COMING.
AND I'M GOING TO SWITCH UP THE ITEMS SINCE YOU'RE ON NOW, CINDY, I ASK THAT YOU STAY ON BECAUSE WE HAVE AN ACTION ITEM WHICH IS A RESOLUTION OF APPRECIATION FOR YOU AS OUTGOING CHAIR OF FACULTY COUNCIL.
SO THE RESOLUTION READS AS FOLLOWS WHEREAS PROFESSOR AND ASSOCIATE DEAN CINDY O’BRYANT DEMONSTRATED THOUGHTFUL, KIND AND STEADY LEADERSHIP IN HER ROLE AS CHAIR OF THE UNIVERSITY OF COLORADO FACULTY COUNCIL FOR THE 2022-23 ACADEMIC YEAR.
WHEREAS CINDY DEMONSTRATED AN UNWAVERING COMMITMENT TO ENSURING THAT FACULTY COUNCIL MEETINGS WERE HELD IN A MANNER THAT RESPECTED ALL VOICES.
WHEREAS CINDY STEPPED IN TO LEAD THE FACULTY COUNCIL AS IT GRAPPLED WITH STRATEGIC ISSUES AND THEREBY DEMONSTRATED SELFLESSNESS AND COMMITMENT TO THE UNIVERSITY OF COLORADO.
WHEREAS CINDY CONSISTENTLY SOUGHT TO PROTECT ACADEMIC FREEDOM AND TO ENSURE THAT FACULTY COULD CONTINUE TO INQUIRE, DISCOVER, ACCESS, PUBLISH, DISSEMINATE AND TEACH TRUTH AND FACTS.
[01:45:05]
GOVERNANCE ACROSS THE CU SYSTEM.WHEREAS CINDY APPROACHED HER ROLE AS FACULTY COUNCIL CHAIR WITH A DEEP COMMITMENT TO THE WELL-BEING AND PROGRESS OF THE ENTIRE UNIVERSITY OF COLORADO COMMUNITY, INCLUDING FACULTY, STAFF, STUDENTS AND LEADERSHIP.
CINDY O’BRYANT FOR HER DEDICATION, ADVOCACY AND SERVICE TO THE UNIVERSITY OF COLORADO COMMUNITY AND TO THE STATE OF COLORADO. BE IT FURTHER RESOLVED THAT THE BOARD OF REGENTS EXTENDS ITS BEST WISHES TO DR.
O’BRYANT FOR HER CONTINUED SUCCESS IN ALL FUTURE ENDEAVORS.
HEREBY ADOPTED BY THE UNIVERSITY OF COLORADO BOARD OF REGENTS, AND WE WILL VOTE ON THIS NOW.
SO IS THERE ANY DISCUSSION BEFORE I ASK FOR A MOTION? CALLIE. I'M GENERALLY PRETTY BRIEF AND THIS IS GOING TO BE VERY BRIEF, BUT THANK YOU VERY MUCH FOR YOUR SERVICE.
I KNOW IT'S A LOT OF WORK ON TOP OF THE OTHER WORK YOU DO AND IT'S BEEN A PLEASURE.
IS THERE A MOTION TO ADOPT THIS RESOLUTION? SO MOVED. REGENT RENNISON.
ANYBODY OPPOSED? GREAT. WELL, WE WILL MISS YOU AND HAVE A GREAT SUMMER.
AND THANK YOU FOR ALL YOUR SERVICE.
THANK YOU. [APPLAUSE] AND GOOD LUCK GETTING HOME.
SO WE WILL HAVE NEXT AN ACTION ITEM RESOLUTION OF APPRECIATION FOR OUTGOING ICSF CHAIRS AXEL BROWN AND AIDAN CLARK AND REGENT SPIEGEL WILL BE PRESENTING THE RESOLUTION.
YOU GUYS WANT TO COME UP TO THE PODIUM? WE'LL YOU COME ON UP. AWESOME.
WELL, I HAVE THE HONOR OF PRESENTING A RESOLUTION OF APPRECIATION FOR AXEL BROWN AND AIDAN CLARK.
WHEREAS AXEL BROWN SERVED AS UCCS STUDENT BODY PRESIDENT AND IN THAT ROLE ALSO SERVED AS INTER CAMPUS STUDENT FORUM CHAIR, REPRESENTING ALL FOUR CAMPUSES, STUDENT GOVERNMENT ASSOCIATIONS TO THE BOARD OF REGENTS.
WHEREAS AIDAN CLARK SERVED AS UCCS STUDENT BODY VICE PRESIDENT AND IN THAT ROLE SUPPORTED PRESIDENT AXEL BROWN BY ACTING AS CO-CHAIR OF ICSF AND ATTENDING BOARD OF REGENT MEETINGS AND GIVING REPORTS TO THE BOARD ALONGSIDE AXEL.
WHEREAS AXEL BROWN AND AIDAN CLARK PROVIDED IMPORTANT AND VALUED VOICES FOR THE STUDENTS OF THE UNIVERSITY OF COLORADO AS CO-CHAIRS OF THE CAMPUS STUDENT FORUM DURING THE 2022, 2023 ACADEMIC YEAR.
WHEREAS AXEL AND AIDAN BUILT POSITIVE AND MEANINGFUL RELATIONSHIPS WITH THE UNIVERSITY OF COLORADO SYSTEM LEADERSHIP AND THE BOARD OF REGENTS, WHILE PROMOTING MORE VISIBILITY AND CONNECTION WITH THESE GROUPS AND THE OVERALL STUDENT BODY.
WHEREAS AXEL AND AIDAN PARTICIPATED IN TWO SYSTEM WIDE SEARCHES SERVING ON THE VICE PRESIDENT OF COMMUNICATIONS AND THE SENIOR VICE PRESIDENT OF STRATEGIC OPERATIONS SEARCH COMMITTEES TO REPRESENT THE UNDERGRADUATE STUDENT VOICE TO RECRUIT AND RECOMMEND QUALIFIED FINALISTS TO BEST ENCAPSULATE THE INTERESTS OF THE UNIVERSITY OF COLORADO.
WHEREAS AXEL AND AIDAN WERE THOUGHTFUL AND ATTENTIVE TO BEING PRESENT IN SPACES ON CAMPUSES ACROSS THE UNIVERSITY OF COLORADO SYSTEM, AND THEY TOOK EVERY OPPORTUNITY TO AUTHENTICALLY SPEAK TO THE NEEDS AND INTERESTS OF STUDENTS, PARTICULARLY THOSE WHO ARE UNDERREPRESENTED. WHEREAS AXEL AND AIDAN SUCCESSFULLY ADVOCATED FOR AND HELPED BUILD A STRUCTURE FOR AN ICSF
[01:50:04]
BUDGET THAT WILL CONTINUE TO SUSTAIN ICSF FUNCTIONS FOR THE FUTURE AND HELP THE NEXT ICSF CHAIRS SUCCESSFULLY SERVE IN THEIR ROLES.NOW, THEREFORE, BE IT RESOLVED THAT THE BOARD OF REGENTS OF THE UNIVERSITY OF COLORADO EXPRESSES ITS APPRECIATION TO AXEL BROWN AND AIDAN CLARK FOR THEIR DEDICATION, ADVOCACY AND SERVICE TO THE UNIVERSITY OF COLORADO COMMUNITY AND TO THE STATE OF COLORADO.
BE IT FURTHER RESOLVED THAT THE BOARD OF REGENTS EXTENDS ITS BEST WISHES TO AXEL AND AIDAN FOR THEIR CONTINUED SUCCESS IN ALL FUTURE ENDEAVORS.
HEREBY ADOPTED BY THE UNIVERSITY OF COLORADO BOARD OF REGENTS ON JUNE 22ND, 2023.
[APPLAUSE] IS THERE ANY DISCUSSION BEFORE WE HAVE A VOTE? NO.
I JUST WANT TO THANK THE TWO OF YOU.
YOU BRING A LOT OF ENERGY, A LOT OF PASSION AND A LOT OF INTELLIGENCE TO THE BOARD.
AND I REALLY APPRECIATE WHAT YOU'VE DONE TO MAKE OUR UNIVERSITY A BETTER PLACE TO BE.
COULD I SAY THAT AXEL AND AIDAN HAVE REALLY ENERGIZED THE STUDENT BODY LAST YEAR ON OUR CAMPUS, AND ONCE I WAS SAYING, LIKE, HOW MANY STUDENTS ARE GOING TO SHOW UP FOR THIS EVENT? THEY SAID MAYBE 80.
AND IT ENDED UP BEING MAYBE 180 WHO SHOWED UP.
BUT THEY HAVE REALLY CREATED THAT PASSION.
CONGRATULATIONS TO YOU, TOO. I'M SO PROUD OF YOU.
BUT AXEL AND AIDAN SOUNDS LIKE A NEW NETFLIX SERIES TO ME.
AS LONG AS SOMEBODY WANTS TO FUND US WE CAN MAKE IT HAPPEN.
WELL, AND I JUST WANT TO SAY, IT'S JUST BEEN SO WONDERFUL TO GET TO KNOW BOTH OF YOU.
AND I'M SO EXCITED THAT YOU GRADUATED AND YOU'RE CONTINUING ON WITH YOUR MASTER'S AT UCCS.
AND IT'S BEEN I LOVED MEETING MATTHEW.
SO I'M GLAD THAT YOU BROUGHT HIM.
THANK YOU. WITH THAT, WE'RE GOING TO VOTE ON THAT.
AND THEN IF YOU WANT TO SAY SOMETHING AFTERWARDS, BUT LET US VOTE.
OKAY. SO IS THERE A MOTION TO ADOPT THIS RESOLUTION? SO MOVED. SO MOVED BY REGENT CHAVEZ.
IS ANYBODY OPPOSED? HEARING NONE. THE RESOLUTION PASSES.
AND WOULD YOU LIKE TO SAY SOME WORDS? ALL RIGHT. EXCUSE ME, BIG HEAD.
YOU CAN GO SIT BACK DOWN IF YOU WANT TO.
THANK YOU. I FORGOT THAT THIS WAS HAPPENING TODAY, SO I'M REALLY TRYING TO HOLD BACK ALL THE EMOTIONS, BUT I JUST WANT TO SAY THANK YOU AGAIN TO EVERYONE FOR THEIR LEADERSHIP. AS YOU SEE ME LIKE SCRATCH MY EAR BEFORE, LIKE ALL THE EMOTIONS COME OUT, MY EAR STARTS TO GET HOT.
SO I GOT TO KIND OF LIKE, SQUEEZE IT.
BUT I JUST WANT TO SAY THANK YOU TO ALL OF YOU.
IT'S BEEN A PLEASURE AND IT'S BEEN AN HONOR LIKE WORKING WITH YOU ALL.
AS SOMEONE ONCE TOLD ME, IT'S LIKE, SEE YOU LATER, YOU KNOW.
BUT YOU KNOW, WE'LL BE AROUND.
YOU KNOW WHAT I'M SAYING? I'M SORRY FOR THE HEADACHES THAT I GAVE YOU THROUGH EMAIL, MISS COLLINS.
SO, LIKE, I'M SORRY ABOUT THAT.
AND MY UTMOST THANKS GOES TO, HE WANTS ME TO CALL HIM MIKE, BUT HE EARNED HIS DOCTORATE.
LIGHTNER. THANK YOU FOR HELPING US ESTABLISH THAT BUDGET WITH CHRIS.
AND THANK YOU FOR HELPING ME DO OR MAKING EVERYTHING THAT AIDAN AND I WANTED TO COME TO FRUITION.
AND I'LL SEE YOU ALL, YOU KNOW.
YEAH. I'LL JUST KEEP IT BRIEF.
IT'S BEEN REALLY TRANSFORMATIONAL, I KNOW, FOR BOTH AXEL AND MYSELF, AND MOST IMPORTANTLY, THANKS FOR LETTING US REPRESENT THE STUDENTS AND THANK YOU FOR LETTING ME GET TO SHARE THIS WITH MY BEST FRIEND IN THE WHOLE WORLD.
I WOULDN'T DO IT ANY OTHER WAY.
[APPLAUSE] ALL RIGHT. SO WHAT WE ARE GOING TO DO NEXT IS APPROVAL OF THE CONSENT AGENDA.
SO WE'RE GOING TO TAKE A LITTLE BIT OF A BREAK AFTER THIS.
[01:55:03]
SO IS THERE A MOTION TO APPROVE THE ITEMS ON THE CONSENT AGENDA?[F. 3:25 p.m. CONSENT AGENDA]
MOVED BY REGENT CHAVEZ.IS THERE ANY DISCUSSION? NO DISCUSSION.
ANYBODY OPPOSED? HEARING NONE. THE CONSENT AGENDA PASSES AND WE ARE LET'S SEE.
WE WERE SUPPOSED TO BE STARTING GOVERNANCE AT 3:30.
WE'RE STILL EIGHT MINUTES AHEAD OF SCHEDULE.
[G. 3:30 p.m. GOVERNANCE COMMITTEE DISCUSSION AND ACTION ITEMS]
SPIEGEL AND VICE PRESIDENT HUETH.GREAT. THANK YOU CHAIR SMITH AND THE GREAT GOVERNANCE COMMITTEE MEETING MET ON MAY 18TH, 2023, AND COMMITTEE MEMBERS IN ATTENDANCE WERE MYSELF, CALLIE RENNISON, GLEN GALLEGOS AND FRANK MCNULTY.
AND WE ALSO WELCOME CHAIR SMITH TO THE COMMITTEE.
WE SPENT THE BULK OF OUR TIME LOOKING AT THE REGENT LAWS AND POLICIES.
THE GOVERNANCE COMMITTEE PREVIOUSLY HEARD PRESENTATIONS AT BOTH THE DECEMBER AND MARCH COMMITTEE MEETINGS REGARDING THE CURRENT STATUS AND PROPOSED CHANGES. THOSE LAWS AND POLICIES RECEIVED NOTICE OF MOTION AT THE APRIL BOARD OF REGENTS MEETING.
THE LAWS AND POLICIES DISCUSSED AT THE MAY 18TH GOVERNANCE COMMITTEE MEETING INCLUDE CHANGES TO POLICY, 2A CONFLICT OF INTEREST BOARD OF REGENTS, CHANGES TO POLICY 2D REGENT AWARDS CHANGES TO ARTICLE 2E AMENDMENTS TO THE LAWS OF THE REGENTS.
CHANGES TO POLICY 2N APPROVAL REVISIONS OR REPEAL OF REGENT POLICY.
CHANGES TO POLICY TEN ITEMS INCLUDING DIVERSITY, EQUITY AND INCLUSION STATEMENT COMMITMENT TO NEEDS OF PERSONS WITH DISABILITIES, SALARY REVIEW TO DETERMINE INEQUITIES.
ALSO ARTICLE AND POLICY 11 ITEMS INCLUDING ARTICLE 11 COMPENSATION AND BENEFITS POLICY 11B FACULTY SALARY AND POLICY 11C UNIVERSITY AND STAFF SALARIES.
REGARDING POLICY 10 I REALLY WANT TO THANK ALL OF THE FACULTY, STAFF AND STUDENTS, BOTH INTERNAL AND EXTERNAL STAKEHOLDERS WHO HAVE BEEN WORKING ON REVISIONS TO POLICY TEN AND KEEPING THE BOARD APPRIZED OF THEIR PROGRESS TOWARDS A POLICY THAT ALIGNS WITH THE STRATEGIC PLAN AND THE GOALS OF THE PRESIDENT AND THE BOARD. FINALLY, THE GOVERNANCE COMMITTEE ALSO NOTICED THE REGENT LAWS AND POLICIES THAT CONCERN THE TIMING OF THE ELECTIONS FOR THE BOARD CHAIR AND VICE CHAIR. THOSE LAWS AND POLICIES CONCERNING THE TIMING OF ELECTIONS RECEIVE NOTICE OF MOTION TODAY FOR POSSIBLE FUTURE ACTION.
THE AGENDA IS IN THE FINALIZATION STAGES AND HAS BEEN SHARED WITH COMMITTEE MEMBERS AND ADMINISTRATION AND WE ARE LOOKING FORWARD TO SHARING ALL OF IT WITH EVERYONE ONCE IT IS FINALIZED AND READY.
THE GOVERNANCE COMMITTEE WILL BE SCHEDULED IN AUGUST ONCE WE HAVE NEW COMMITTEES ASSIGNED.
AND I REALLY WANT TO EXTEND A SINCERE THANK YOU TO THE MEMBERS OF THE GOVERNANCE COMMITTEE AND ALL OF THE STAFF AND ADMINISTRATION FOR ALL OF THEIR INCREDIBLY HARD WORK.
WE HAD A REALLY, REALLY PACKED AGENDA FOR THIS YEAR AND AN INCREDIBLE AMOUNT OF WORK AND DISCUSSION WENT INTO THIS YEAR'S GOVERNANCE COMMITTEE. AND I CAN'T THANK YOU ALL ENOUGH.
AND WITH THAT, I'M GOING TO TURN IT OVER TO VP HUETH TO DISCUSS SOME OF THE UPCOMING CHANGES AND ACTION ITEMS. YEAH, I'LL JUST NOTE THAT.
SO THE REGENTS APPROVED THE POLICIES THAT REGENT SPIEGEL LISTED IN CONSENT AGENDA WITH THE EXCEPTION OF POLICY TEN, WHICH WE WILL TAKE UP FOR FURTHER CONSIDERATION LATER.
AND I THINK WE'LL GO BACK TO GOVERNANCE AND HAVE A FURTHER DISCUSSION ABOUT IT.
ALSO NOTE THAT THERE'S AN ITEM ON THE AGENDA THAT IS THE NOTICE OF MOTION ON THE TIMING OF
[02:00:04]
THE CHAIR ELECTIONS AS WELL AS COMMITTEE ELECTIONS.IT'S SIMPLY A NOTICE OF MOTION.
REGENT SPIEGEL AND VICE PRESIDENT HUETH.
OUR NEXT ITEM IS AUDIT COMMITTEE DISCUSSION AND ACTION ITEMS.
[H. 4:00 p.m. AUDIT COMMITTEE DISCUSSION AND ACTION ITEMS]
AND AGAIN, I WILL TURN THIS OVER TO COMMITTEE CHAIR SPIEGEL.AND THE AUDIT COMMITTEE, THE AWESOME AUDIT COMMITTEE MET JUST THE OTHER DAY ON JUNE 20TH, 2023, AND COMMITTEE MEMBERS IN ATTENDANCE WERE MYSELF, REGENT SMITH, REGENT CHAVEZ AND REGENT VANDRIEL.
AND WE ALSO WELCOMED REGENT MCNULTY, WHO JOINED THE PUBLIC PORTION OF THE MEETING AS A GUEST.
FOR THIS, THE UNIVERSITY'S EXTERNAL AUDITORS PRESENTED THE PLAN AND TIMELINES FOR THE ANNUAL FINANCIAL AND COMPLIANCE AUDIT FOR THE FISCAL YEAR ENDED JUNE 30TH, 2023.
IN ADDITION TO THE FINANCIAL AUDIT FOUR [INAUDIBLE] ENGAGEMENT WILL INCLUDE AGREED UPON PROCEDURES RELATED TO NCAA COMPLIANCE AT CU BOULDER . AUDIT PLANNING PROCEDURES HAVE BEGUN AND THE COMMITTEE EXPECTS TO RECEIVE THE REPORT AT THE DECEMBER MEETING.
AVP KUEHLER HIGHLIGHTED KEY VARIANCES, INCLUDING HIGHER NET TUITION REVENUE DRIVEN BY TUITION RATE INCREASES AND ENROLLMENT CHANGES AT ALL CAMPUSES, HIGHER GRANT AND CONTRACT REVENUE DRIVEN BY INCREASED FEDERAL FUNDING FOR PROJECTS AT CU BOULDER AND CU ANSCHUTZ.
HIGHER SALARIES AND BENEFIT EXPENSES DRIVEN BY A 3% SALARY INCREASE AND AN INCREASE IN THE NUMBER OF EMPLOYEES . LOWER CAPITAL STUDENT FEES DUE TO CU BOULDER.
ELIMINATING A STUDENT CAPITAL CONSTRUCTION FEE EFFECTIVE FISCAL YEAR 2023.
NO MATTERS OF SIGNIFICANT RISK WERE REPORTED FOR THE REVIEWS CLOSED DURING THE QUARTER.
THE AUDIT COMMITTEE RECEIVED AN OVERVIEW OF THE QUARTERLY INTERNAL AUDIT ACTIVITIES.
DURING THE QUARTER, THE TEAM COMPLETED FIVE ENGAGEMENTS, THREE OF WHICH WERE ADVISORY.
THERE WERE NO HIGH RISK OBSERVATIONS NOTED IN THE ISSUED REPORTS.
FOUR AUDITS ARE IN REPORTING AND SEVERAL PROJECTS ARE UNDERWAY.
FISCAL MISCONDUCT INVESTIGATIONS CONTINUE TO BE COMPLETED TIMELY.
DURING THE QUARTER, FIVE CASES WERE CLOSED WITH ONE CASE OF CONFIRMED FISCAL MISCONDUCT.
AVP VARTANOVA ALSO PRESENTED AT THE 2023 WESTERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS CONFERENCE ON THE SUBJECT OF FRAUD MITIGATION AND THE HIGH TURNOVER HYBRID WORK ENVIRONMENT.
THE TEAM CONTINUED TO INVEST IN ITS MEMBERS PROFESSIONAL GROWTH AND DEVELOPMENT BY PARTNERING WITH EMPLOYEE SERVICES TO DELIVER THE FRANKLIN COVEY SPEED OF TRUST TRAINING. FINALLY, INTERNAL AUDIT WILL HOST THE 2023 PACIFIC NORTHWEST HIGHER EDUCATION INTERNAL AUDIT CONFERENCE RIGHT HERE AT THE CU BOULDER CAMPUS ON AUGUST 8TH THROUGH 10TH.
THIS EVENT WILL OFFER CONTINUING PROFESSIONAL EDUCATION AND A NETWORKING OPPORTUNITY FOR INTERNAL AUDIT PROFESSIONALS FROM OVER A DOZEN US AND CANADIAN HIGHER EDUCATION INSTITUTIONS.
DURING THE MEETING, THE COMMITTEE REVIEWED AND APPROVED THE ANNUAL INTERNAL AUDIT PLAN FOR THE FISCAL YEAR 2024 AND DEVELOPING THE PLAN INTERNAL AUDIT CONSIDERED THE UNIVERSITY'S STRATEGIC PLAN AND OBJECTIVES HIGHER EDUCATION, EMERGING RISKS, MANAGEMENT INPUT AND THE CUMULATIVE AUDIT KNOWLEDGE FROM PREVIOUS PROJECTS.
[02:05:10]
THE COMMITTEE ADDRESSED SEVERAL WORK PLAN ITEMS, INCLUDING REVIEW OF THE ANNUAL REPORT ON UNIVERSITY FUNDING FROM FOREIGN NATIONALS AND FOREIGN GOVERNMENTS AND DEBT COMPLIANCE DISCLOSURES TO EXTERNAL PARTIES.THE AUDIT COMMITTEE RECEIVED THE CU ETHICS LINE QUARTERLY UPDATE.
THE 28 REPORTS RECEIVED DURING THE THREE MONTHS ENDED APRIL 30TH, 2023, REPRESENTED A 65% INCREASE FROM THE PRIOR QUARTER. THEY INCLUDED ALLEGATIONS CONCERNING BUSINESS INTEGRITY, ACADEMIC AND RESEARCH INTEGRITY, HUMAN RESOURCES ISSUES, PUBLIC SAFETY AND CERTAIN GUIDANCE REQUESTS.
26 CASES WERE CLOSED WITH AN AVERAGE OF 14 DAYS TO CLOSURE FOR CASES RECEIVED DURING THE QUARTER AND 27 DAYS FOR ALL CASES CLOSED IN THE REPORTING PERIOD.
THE COMMITTEE RECEIVED AN INVESTIGATIONS UPDATE IN AN EXECUTIVE SESSION PURSUANT TO SECTION 24-6-402 OF THE COLORADO REVISED STATUTES.
THE DATE OF THE NEXT AUDIT COMMITTEE MEETING HAS BEEN TENTATIVELY SET FOR SEPTEMBER 13TH, 2023, AND WILL BE CONFIRMED AFTER THE NEW COMMITTEE APPOINTMENTS. AS ALWAYS, WE WELCOME ANY FEEDBACK OR QUESTIONS REGARDING THE WORK OF THE AUDIT COMMITTEE OR THE INTERNAL AUDIT DEPARTMENT.
OKAY. I WANT TO MAKE ONE. YES. THE CONFERENCE IS GOING TO BE HELD HERE.
IT'S GOING TO BE FOR PEOPLE FROM DIFFERENT UNIVERSITIES.
QUITE THE LINEUP OF, OF SPEAKERS AND NETWORKING TO REALLY ENHANCE INTERNAL AUDIT.
SURE. THANK YOU FOR THE QUESTION.
SO THIS IS ACTUALLY A FIRST TIME THAT CU WILL BE HOSTING THIS CONFERENCE, AND IT'S A SUBSET OF THE NATIONAL ASSOCIATION FOR COLLEGE AND UNIVERSITY AUDITORS. SO THE GUESTS THAT WE ARE EXPECTING ARE GOING TO BE FROM INTERNAL AUDIT DEPARTMENTS AT OTHER SCHOOLS KIND OF IN THE PACIFIC NORTHWEST REGION, AS WELL AS SOME CANADIAN SCHOOLS, AS REGENT SPIEGEL HAS MENTIONED.
AND THE PRESENTATIONS THAT WE ARE GOING TO BE HEARING WILL RANGE IN TOPICS FROM CYBERSECURITY TO FRAUD DETECTION AND PREVENTION, IT, GENERAL CONTROLS, ALL THOSE TYPES OF THINGS AS WELL AS LEADERSHIP.
AND WE'RE GOING TO HAVE SEVERAL PRESENTERS FROM THOSE SCHOOLS AS WELL AS SUBJECT MATTER EXPERTS FROM THE UNIVERSITY OF COLORADO AND SOME EXTERNAL VENDORS AS WELL, AND PROVIDERS.
SO THAT SOUNDS REALLY EXCITING.
THANK YOU. I MEAN, LOTS OF IMPORTANT THINGS AND REALLY HELPING WITH DIFFERENT THINGS THAT WERE IMPORTANT TO THE REGENTS AS WELL AND ALL OF THE COMPLIANCE AND, YOU KNOW, ALL OF THE INTERNAL COMPLAINTS AND EVERYTHING, THE NUMBER OF CASES THAT YOU'VE CLOSED, IT'S JUST IMPRESSIVE TO ME TO SEE YOUR WORKLOAD AND WHAT YOU'VE ACCOMPLISHED THIS YEAR.
SO APPRECIATE IT. THANK YOU VERY MUCH.
OKAY. THE NEXT REPORT IS FROM UNIVERSITY AFFAIRS COMMITTEE, AND I WOULD LIKE TO NOTE THAT ITEM
[I. 4:05 p.m. UNIVERSITY AFFAIRS COMMITTEE DISCUSSION AND ACTION ITEMS]
NUMBER TWO AWARD OF TENURE IS GOING TO BE MOVED TO ITEM O TOMORROW AND WILL BE VOTED ON AS THE FIRST ITEM. AT THIS POINT, I WILL HAND IT OVER TO REGENT RENNISON TOO AND VP LIGHTNER TO GIVE THE REPORT.GREAT. THANK YOU, CHAIR SMITH.
SO THE REGENTS UNIVERSITY AFFAIRS COMMITTEE MET FROM 1 TO 3:10 ON TUESDAY, MAY 23RD.
ALL PRESENTATIONS AND REPORTS ARE AVAILABLE ON BOARD DOCS AS USUAL.
REGENTS MONTERA, JAMES, AND ICSF LIAISON HILL WERE NOT ABLE TO ATTEND.
SO WE TALKED ABOUT A LOT OF THINGS.
HERE WE GO. SO FIRST OF ALL, UP FOR DISCUSSION.
[02:10:04]
VP LIGHTNER REVIEWED THE SABBATICAL PROCESS FOR THE COMMITTEE, BEGINNING WITH THE STATE STATUTE ON SABBATICAL AND THEN REGENT POLICY AND ADMINISTRATIVE POLICY STATEMENTS.EXAMPLES OF SABBATICAL REQUESTS AND POST SABBATICAL REPORTS WERE ALSO PRESENTED TO INDICATE THE DETAIL AND CARE TAKEN IN DEVELOPING AND APPROVING A PLAN AT THE CAMPUS LEVEL BEFORE IT COMES TO THE BOARD.
AND THEN THE REPORTS THAT ARE SUBMITTED, WHICH ARE ALSO HOUSED IN A STATE REPOSITORY.
PARDON ME MOVES THAT THE BA IN MIDDLE AND HIGH SCHOOL TEACHING FROM THE SCHOOL OF EDUCATION AT CU BOULDER BE RECOMMENDED TO THE FULL BOARD FOR APPROVAL AND ON THE CONSENT AGENDA IT WAS APPROVED UNANIMOUSLY.
I'LL HAVE MORE TO SAY ON THAT IN JUST A MINUTE.
THE COMMITTEE MOVES THAT THE ASSOCIATE IN GENERAL STUDIES DEGREE AT CU DENVER.
IT WAS APPROVED UNANIMOUSLY AS WELL AS THE UA COMMITTEE MOVED THAT THE BA IN EDUCATION STUDIES FROM THE SCHOOL OF EDUCATION AT CU BOULDER BE RECOMMENDED TO THE FULL BOARD FOR APPROVAL ON THE CONSENT AGENDA.
THE COMMITTEE CONSIDERED THE FOLLOWING RESOLUTION.
THAT WAS ALSO APPROVED UNANIMOUSLY.
FINALLY, WE HAD DISCUSSION ON THE HISTORY AND CURRENT STATE OF MHST AT CU DENVER.
VP LIGHTNER AND SEVERAL OTHER INDIVIDUALS PRESENTED THIS.
THE PRESENTATIONS ARE FOUND IN BOARD DOCS.
VERY HELPFUL INFORMATION ON THAT IF YOU'RE INTERESTED.
THERE'S BEEN A LOT OF GROWTH IN THIS AREA.
FINALLY, THE MEETING ADJOURNED AT 3:10.
SO AS NOTED BY CHAIR SMITH, THE CU BOULDER TENURE ACTION ITEMS BEING MOVED TO TOMORROW AND ALSO SINCE THIS MEETING, A REQUEST FOR ADDITIONAL INFORMATION REGARDING THE BA IN MIDDLE AND HIGH SCHOOL TEACHING HAS COME UP.
SO I THINK I'M LOOKING FOR A SECOND AT THIS POINT FOR DISCUSSION.
SO IT'S MOVED BY MYSELF, SECONDED BY REGENT MONTERA TO MOVE THESE TWO DEGREES BACK TO UA FOR ADDITIONAL INFORMATION AND TO SEE WHAT BECOMES OF THAT.
VP LIGHTNER. WHAT DID I MESS UP? IT'S ONLY ONE DEGREE.
THE MHST THAT YOU'RE MOVING TO UA IN AUGUST, THE EDUCATION STUDIES DEGREE WAS APPROVED ON THE CONSENT AGENDA.
SO IS THERE ANY DISCUSSION ON THE MOTION? YEAH, ON THE MOTION TO MOVE IT BACK TO UA.
OKAY. ANYBODY OPPOSED TO TAKING IT BACK TO COMMITTEE? OKAY. THE MOTION PASSES THEN AND IT WILL BE IN THE COMMITTEE MEETING, I ASSUME.
SO I HAVE A QUESTION WITH REGARD TO THE AWARDS OF TENURE AND THEN BEING MOVED.
IS THERE A REASON FOR THAT? BECAUSE THOSE AWARDS ARE RECOMMENDED FROM THE PROVOST TO THE PRESIDENT TO YOU, AND IT DOESN'T GO THROUGH UNIVERSITY AFFAIRS.
[02:15:06]
RIGHT. SORRY WE HAD TO MOVE IT TO THE END OF THE AGENDA, BUT I COULDN'T REFRESH IT ON THE SCREEN.YEAH. ONCE THE LIVE MEETING STARTED, THEY COULDN'T CHANGE WHAT WAS THERE.
SO YEAH, AND THAT'S ALWAYS WHEN WE'VE PULLED SOMETHING OFF THE CONSENT AGENDA.
IF IT DIDN'T GO THROUGH COMMITTEE, THEN IT GOES AT THE END WHEN WE HAVE GENERAL DISCUSSION.
SO, WE ARE ACTUALLY WELL AHEAD.
THIS CONCLUDES OUR BUSINESS FOR TODAY AND WE ARE IN RECESS UNTIL TOMORROW AT 8:30.
OR RUN IN BETWEEN THE RAINDROPS.
SO HAVE A GOOD EVENING, EVERYBODY, AND WE'LL SEE YOU TOMORROW.
GOOD MORNING. THE MEETING WILL COME BACK TO ORDER.
[K. 8:30 a.m. FRIDAY, JUNE 23, 2023 - MEETING RESUMES, CALL TO ORDER, Chair Lesley Smith presiding - CU Boulder, UMC, Room 245 (1669 Euclid Ave., Boulder, CO 80309]
AND THE FIRST ITEM IS THE HOST CAMPUS REPORT AND WE'LL BE HIGHLIGHTING CU BOULDER STARTUPS[L. 8:30 a.m. HOST CAMPUS REPORT]
LEADERSHIP AND IMPACT.THANK YOU, REGENT SMITH AND GOOD MORNING TO EVERYONE.
THESE INNOVATIONS ARE HAVING IMMENSE POSITIVE IMPACTS ON OUR WORLD AND THEY WOULD NOT BE POSSIBLE WITHOUT A STRONG FOUNDATION OF BASIC AND APPLIED RESEARCH AND OUR STRONG TRADITION OF UNDERGRADUATE AND GRADUATE EDUCATION.
WE HAVE A LOT TO CELEBRATE IN THIS REALM AND YOU'LL HEAR ABOUT IT IN JUST A MINUTE.
I WANT TO BEGIN BY WELCOMING BRYN REESE, OUR ASSOCIATE VICE CHANCELLOR FOR RESEARCH AND INNOVATION AND MANAGING DIRECTOR OF CU BOULDER VENTURE PARTNERS, AND HE'LL DISCUSS SOME OF OUR RECENT SUCCESS SUCCESSES AND WHERE WE'RE HEADED AS A CAMPUS.
SO, BRYN, WHY DON'T YOU COME UP AND THEN PLEASE INTRODUCE OUR OTHER GUESTS.
SO THANK YOU, CHANCELLOR DISTEFANO, AND GOOD MORNING.
AND THANK YOU SO MUCH FOR FOR HAVING ME JOIN THIS MORNING.
SO I AM GOING TO BE SPEAKING ABOUT STARTUPS AND ABOUT INNOVATION.
FIRST IS TRANSFORMING THE UNIVERSITY IN THE REALM OF STARTUPS.
THE SECOND IS TRANSFORMING RESEARCH INTO SOLUTIONS THAT IMPACT LIVES.
AND THE THIRD IS THE TRANSFORMATION OF THOSE LIVES TOUCHED BY THE RESEARCH OF OUR CAMPUS.
SO TO BEGIN, I'D LIKE TO HAVE A BRIEF ANALOGY, AND THAT IS THAT OUR COLORADO ATTORNEY GENERAL, PHIL WEISER, RECENTLY RETURNED TO CAMPUS FOR AN ENTREPRENEURSHIP AND STARTUP MEETING, AND HE SAID THAT THE STARTUP ECOSYSTEM HERE WAS TOTALLY UNRECOGNIZABLE FROM THE SHORT TIME AGO WHEN HE WAS ON THE CAMPUS.
SO THE TOP INNOVATION INNOVATION UNIVERSITY AMONG THE PUBLIC SCHOOLS, OUR STARTUP COMPANIES IN 2021 RAISED OVER $2 BILLION OF CAPITAL.
SO I'D LIKE TO EMPHASIZE THAT THESE VENTURES THAT ARE TRANSLATING THE RESEARCH EFFORTS AT THE UNIVERSITY INTO THESE NEW ENDEAVORS ARE NOT JUST IN QUANTITY, BUT BUT QUALITY VALIDATED BY THE INVESTMENT COMMUNITY.
AND AND ACTUALLY JUST THIS YEAR IN A NATIONAL RANKING, CU CAME UP FIFTH IN THE WHOLE COUNTRY.
AND IF FOR A LITTLE BIT OF CONTEXT AT NUMBER SIX MIT NUMBER SEVEN STANFORD AND THIS REALLY CIRCLES BACK TO WHAT ATTORNEY GENERAL WEISER WAS SPEAKING ABOUT A FEW YEARS AGO.
AND THESE TYPES OF EFFORTS ARE WHAT HELP US TO ATTRACT, RECRUIT AND RETAIN THE MOST ENTREPRENEURIAL, THE MOST INNOVATIVE STUDENTS AND FACULTY TO SEE YOU.
AND I'LL JUST EMPHASIZE AS WELL THAT AMONG THOSE STARTUP COMPANIES IN 2021 THAT ACHIEVED THAT FIFTH OVERALL RANKING FOR CU, 80% CAME FROM CU BOULDER.
SO I'D LIKE TO TALK A LITTLE BIT ABOUT HOW THIS IS NOT JUST AN INSULAR UNIVERSITY WIN.
[02:20:06]
THIS IS NOT JUST ABOUT CU.THIS IS AN IMPACT FOR COLORADO AND IT'S AN IMPACT FOR THE COUNTRY.
CAN I INTERRUPT FOR ONE SECOND? YEAH. SO CAN YOU JUST GO BACK TO THAT LAST SLIDE? SO THAT'S AN EXTRAORDINARY THING, WHAT YOU JUST SAID, RIGHT? SO WE'RE WE'RE FIFTH IN THE COUNTRY.
WE'RE AHEAD OF MIT, WE'RE AHEAD OF OF STANFORD.
AND WE'VE MADE EXTRAORDINARY PROGRESS OVER A RELATIVELY SHORT PERIOD OF TIME.
SO THAT'S THAT'S SOMETHING THAT WE ALL SHOULD BE SHOUTING FROM THE MOUNTAINTOPS.
I WANT TO CONGRATULATE YOU AND THE PEOPLE ON THE CAMPUS WHO MADE THAT HAPPEN.
AND AND, YOU KNOW, WE'RE ALL PROUD TO TO GET TO BE PART OF IT.
SO THANK YOU FOR SHARING THAT.
GREAT. THANK YOU, PRESIDENT ELLIMAN.
SO WE COLLABORATED WITH THE BUSINESS RESEARCH DIVISION AT THE LEAD SCHOOL OF BUSINESS AND SPECIFICALLY BRIAN LEWANDOWSKI TO CONDUCT AN ECONOMIC IMPACT STUDY AND FOUND THAT THE COMMERCIALIZATION AND START UP ACTIVITY COMING OUT OF CU BOULDER OVER THE OVER A FIVE YEAR PERIOD, 2018 TO 2022 WAS $5 BILLION IMPACT IN COLORADO AND $8 BILLION IMPACT NATIONALLY.
SO I THINK THIS IS A NEW DAWN, RIGHT, FOR CU AND CU BOULDER AND STARTUPS AND INNOVATION.
BUT HOW HOW IS THIS HAPPENING? I THINK TO HAVE A TRANSFORMATION LIKE THIS, IT'S IMPORTANT TO UNDERSTAND THE INTENTIONALITY BEHIND IT AND WHAT LED TO THIS, THIS SUCCESS.
IF WE THINK ABOUT AN INVENTION CREATED IN A RESEARCH LAB AND THE THE JOURNEY TO GET TO AN INVESTABLE STARTUP COMPANY, THIS IS SOMETHING THAT IS NOT TRIVIAL.
AND SO THIS GAP SOMETIMES IS AFFECTIONATELY CALLED THE VALLEY OF DEATH, RIGHT? THIS IS WHERE NEW PROMISING INVENTIONS AND TECHNOLOGIES GO TO DIE, RIGHT? THERE'S NOT THE FUNDING, THE RESOURCES TO MAKE THAT JOURNEY.
AND SO WHAT WE FOCUSED ON AT CU BOULDER IS A BRIDGE, RIGHT? WE'VE BUILT A SERIES OF PROGRAMS, AND I'M NOT GOING TO GO THROUGH ALL OF THEM, BUT I AM GOING TO SHOW YOU THEM.
THE POINT IS THAT WE HAVE DEEPLY UNDERSTOOD WHAT ARE THE OBSTACLES AND WHAT ARE THE CHALLENGES BETWEEN GOING FROM A PROMISING TECHNOLOGY IN A RESEARCH LAB TO A TRUE COMMERCIAL VENTURE? AND AND IN EACH CASE OF THOSE OBSTACLES, WE'VE CREATED A SPECIFIC RESOURCE TO HELP.
SO I WILL MENTION JUST A FEW OF THEM FOR ILLUSTRATION.
THE FIRST IS THIS REALLY, THIS ALL STARTS WITH RESEARCH, RIGHT? BUT THEN IP INTELLECTUAL PROPERTY BECOMES FUNDAMENTAL.
THESE ARE BREAKTHROUGH INNOVATIONS.
AND SO THE UNIVERSITY IS ABLE TO OBTAIN INTELLECTUAL PROPERTY OR MARKET EXCLUSIVITY THAT'S NECESSARY TO OBTAIN THE INVESTMENT TO BRING THESE THINGS FORWARD. IT IS ALSO, OF COURSE, A MECHANISM FOR THE UNIVERSITY TO PARTICIPATE IN THE FINANCIAL SUCCESS OF THESE STARTUP COMPANIES.
WHEN THE UNIVERSITY LICENSES THAT IP, IT RECEIVES ROYALTY AND EQUITY POSITIONS.
AND IT'S OFTEN A PRODUCT MARKET FIT.
WE KNOW THAT WHAT'S COMING OUT OF OUR LABS IS TECHNOLOGICALLY ADVANCED.
WE KNOW THAT IT'S WORLD LEADING RESEARCH, BUT IT DOESN'T ALWAYS ALIGN WITH MARKET NEEDS.
AND SO WE HAVE A GRANT FROM THE NATIONAL SCIENCE FOUNDATION TO RUN A PROGRAM CALLED I-CORPS THAT TEACHES OUR RESEARCHERS THE BASICS OF UNDERSTANDING MARKET NEEDS AND HOW TO ALIGN THEIR THEIR INNOVATIONS WITH THAT.
SO YOU MAY BE AWARE THAT MOST OF THE INVESTMENT CAPITAL IN THE US IS ON THE COASTS.
IT'S NOT IN COLORADO, RIGHT? AND SO HOW DO WE GET OUR STARTUP COMPANIES ACCESS TO THAT CAPITAL? AND WE'VE CREATED AN EVENT CALLED DESTINATION STARTUP THAT HAS NOT ONLY THE BEST STARTUPS FROM CU BOULDER AND CU ANSCHUTZ AND UCS AND CU DENVER, BUT ALSO ALL OF THE OTHER RESEARCH UNIVERSITIES IN COLORADO, IN NEW MEXICO, UTAH, ARIZONA, MONTANA.
IT'S A GREAT EXAMPLE OF HOW CU IS LEADING AT A SCALE BEYOND JUST OUR OWN BORDERS.
SO THAT'S HOW THAT'S HOW WE'VE BEEN DOING IT.
I'D REALLY LIKE TO SHIFT NOW INTO THE THE SECOND AND THE THIRD TYPE OF TRANSFORMATION.
[02:25:03]
HOW DO WE TRANSFORM INDIVIDUAL TECHNOLOGIES INTO NEW BUSINESSES AND HOW DO WE TRANSFORM LIVES WITH THOSE INNOVATIONS? WE'RE TALKING HERE ABOUT SOME OF THE GREATEST GLOBAL PROBLEMS THAT WE FACE HEALTH, CLIMATE.AND WE'VE GOT A COUPLE OF FANTASTIC ILLUSTRATIONS FOR YOU.
WE HEARD THE REQUEST FROM THE REGENTS THAT YOU WANTED TO TO HEAR ABOUT QUANTUM.
SO FIRST I'D LIKE TO INTRODUCE OR PERHAPS REINTRODUCE TO YOU DR.
JUNE YEE, WHO'S A FELLOW WITH NYSED, AND WITH JILA.
GOOD MORNING. THANK YOU FOR GIVING ME THE OPPORTUNITY TO COME TELL YOU A LITTLE STORY.
AND IN FACT, SOME OF YOU KNOW ME AND KNOW I'M A PHYSICS PHYSICIST WORKING ON FUNDAMENTAL SCIENCE AND BEARINGS, TALKING ABOUT INNOVATIONS TRANSLATIONAL TO ECONOMIC IMPACT.
AND BELIEVE ME, I'M NOT THAT KIND OF A BUSINESS PERSON.
BUT I'LL TELL YOU A STORY ABOUT WHY QUANTUM CONNECTS TO MEDICAL SCIENCE.
THAT'S VERY SURPRISING, AND I'LL TELL YOU THAT STORY IN THE NEXT TEN MINUTES.
SO CU BOULDER ACTUALLY HAS THE WORLD'S BEST ATOMIC CLOCK.
THAT ITSELF HAS A TREMENDOUS IMPACT.
DLD IS A TREMENDOUSLY INTERESTED IN THIS CAPABILITY ON THE BOULDER CAMPUS.
AND THIS. AND WHO AND WHO CREATED THAT? CU BOULDER. YEAH.
AND SO, YOU KNOW, THIS IS GETTING TO A POINT WHERE 100 YEARS AGO WHEN PEOPLE FIRST HEARD ABOUT EINSTEIN'S GENERAL RELATIVITY ARTISTS TO PAINT THE PICTURES OF, OH, TIME IS GOING TO LOSE ITS MEANING, AND THIS IS ACTUALLY BECOMING TRUE.
BUT WHAT I WANT TO TELL YOU ABOUT IS NOT ABOUT ATOMIC CLOCK.
IT'S ACTUALLY ON ITS CONNECTION TO MEDICAL SCIENCE FROM REALLY UNEXPECTED ANGLE.
THE REASON IS BEING FOR BUILDING ATOMIC CLOCK LIKE THIS.
YOU NEEDED INNOVATIVE TECHNOLOGY OF LASERS.
AND HERE I'M SHOWING YOU A LITTLE BOTTOM OF THE SCREEN, A DIGITAL RAINBOW OF COLOR.
IT LOOKS LIKE A RAINBOW, EXCEPT IT'S MADE OUT OF LASER LIGHT.
AND IF YOU EXPAND THAT RAINBOW, YOU WILL SEE THIS INDIVIDUAL LASER LINES EXTREMELY REGULARLY SPACED, MARCHING ACROSS MILLIONS OF THOSE MARKERS, MARCHING, CROSSING SPECTRUM.
SO IT'S A VERY FUNDAMENTAL SCIENTIFIC RESEARCH.
EVEN BACK IN 2009, AT THE TIME, WE WERE THINKING ALREADY, WELL, IN THE VISIBLE SPECTRUM IS ONLY A SMALL, SMALL WINDOW OF THE ENTIRE ELECTROMAGNETIC SPECTRUM OF THE LIGHT.
AND IT TURNS OUT YOU CAN USE THIS TO TURN INTO A MACHINE WHICH YOU CAN SMELL.
YOU CAN USE THIS FOR MEDICAL DIAGNOSIS FOR ENVIRONMENTAL SENSING.
GREG IS GOING TO TALK ABOUT THAT.
SO YOU CAN SEE THIS SLIDE WAS ACTUALLY MADE BACK IN 2010.
THEY SAY, DOCTOR, YOU HAVE BEEN WORKING ON FREQUENCY COMBS FOR A WHILE.
DO YOU THINK YOU CAN DO SOMETHING FOR THE PANDEMIC? AND TO ACTUALLY MEASURE WHETHER ONE IS A POSITIVE OR ONE IS NEGATIVE IN A VERY REAL TIME SORT OF A MANNER? AND THIS WAS BACK IN MARCH OF 2020, AND WE DECIDED, WELL, WE WILL TURN THIS DIGITAL RAINBOW OF COLOR INTO SOMETHING THAT CAN MEASURE PEOPLE'S BREATH.
IF WE BECOME SICK, YOUR BREATH MAY CHANGE.
AND WE KNOW THAT DOGS CAN SMELL WHEN PEOPLE GET SICK.
[02:30:05]
AND YET WITH MACHINE LEARNING, THAT'S A NEW TECHNOLOGY THAT'S COMING UP.I WE CAN JUST TRAIN IT TRAIN THE MACHINE SO THAT YOU CAN SMELL EVERYONE.
YOU'RE HEALTHY, YOU'RE STARTING TO BECOME SICK AND SO ON.
IT WOULD BE AMAZING. THAT WOULD BE A POTENTIAL THAT WOULD HAVE INCREDIBLE APPLICATION.
IMAGINE EVERY DOCTOR'S CLINIC HAS A MACHINE LIKE THAT.
YOU COME IN, THEY MEASURE YOUR FOREHEAD TEMPERATURE, THEY MEASURE YOUR BREATH, AND IN TWO SECONDS LATER WILL TELL YOU MAYBE YOU WANT TO CHECK OUT YOUR LUNG, MAYBE YOU WANT TO CHECK OUT YOUR COPD AND SO ON.
SO THE BASIC IDEA BEING IF YOU CAN VERY SENSITIVE SENSITIVITY MEASURE EVERY SINGLE MOLECULE COMING OUT OF YOUR BREATH, IT WILL TELL ALL THE INFORMATION OF YOUR HEALTH CONDITION.
BUT DOGS, AFTER ALL, HAD TENS OR HUNDREDS OF THOUSANDS OF YEARS OF EVOLUTIONARY HISTORY.
HERE WE ARE TRAINING A NEW MACHINE IN THE NEXT FEW MONTHS TO MAKE MAKE SURE THAT IT CAN WORK.
AND WE START WITH DOING THIS WITH THIS FREQUENCY COMB TO MEASURE VERY SENSITIVITY.
EVERY SINGLE MOLECULE COMING OUT OF YOUR BREATH AND TURN THAT INTO INFORMATION THAT'S USEFUL.
AND THIS INCREASE IS VERY, VERY, VERY TINY AMOUNT.
WE ARE TALKING ABOUT 100 PARTS PER BILLION, MEANING 100 MOLECULES OUT OF A BILLION OTHERS.
YOU CAN START TO SEE IT'S RISING UP AND COME DOWN IN THE PRESENCE OF WATER, IN THE PRESENCE OF A METHANE, WHICH ARE HAPPENING AT A 1% LEVEL, AT A 1,000% LEVEL. SO YOU CAN SEE THE IDEA IS OVER THIS HUGE DYNAMIC RANGE.
WE HAVE ALL KINDS OF MOLECULES AND YET I CAN GO IN AND AND DETECT BIOMARKERS WHICH.
MAYBE AT ONE MOLECULE PER BILLION OTHERS, OR EVEN ONE MOLECULE PER TRILLION OTHERS.
IT'S EXCEEDINGLY SENSITIVE AND UNAMBIGUOUS DETECTION.
NOW LET'S TURN THIS INTO A REAL MEDICAL DEVICE.
TO DO THAT, YOU REALLY HAVE TO BE VERY SERIOUSLY LOOKING AT ALL KINDS OF MOLECULES IN YOUR BREATH.
AND SO I LISTED SOME SOME EXAMPLES.
YOU CAN THINK OF THESE ARE, YOU KNOW, MANY TENS OR HUNDREDS OF CHANNELS OF THESE MOLECULES.
AND THIS IS SUPPOSED TO INDICATE THIS BARCODE IS SUPPOSED TO INDICATE WHEN YOU'RE HEALTHY AND WHEN YOU START TO BECOME SICK, MAYBE A CERTAIN MOLECULE NUMBER GO UP, CERTAIN MOLECULES GO DOWN.
SO HOW DO WE TURN THIS HEALTH BARCODE? IN FACT, IT'S ACTUALLY VERY DIFFICULT.
THAT'S THE REASON WHY IN 2009 WE SORT OF TOUCHED ON THIS A LITTLE BIT BY SAYING, OH, WOW, THIS IS A TREMENDOUSLY SENSITIVE WE CAN SEE ALL KINDS OF MOLECULES, BUT WE DIDN'T REALLY CONTINUE UNTIL THE AI TOOL BECOMES AVAILABLE BECAUSE WHEN A TOOL BECOMES AVAILABLE, YOU CAN SEE THAT THIS DIGITAL RAINBOW THAT'S GOT HUNDREDS OF THOUSANDS OF FREQUENCY MARKERS, BUT EACH ONE OF THEM BECOME A DETECTION CHANNEL.
EACH ONE OF THEM IS SEEING THE PRESENCE OF A SPECIFIC MOLECULE.
NOW YOU'VE GOT MANY HUNDREDS OF THOUSANDS OF THOSE CHANNELS.
AND IF I HAVE A MACHINE LEARNING ALGORITHM ACTUALLY TRAIN AND I CAN ASK A DOCTOR TO TELL ME, IS THIS PERSON COVID POSITIVE OR COVID NEGATIVE? AND I CAN COLLECT A 100 STUDENTS BREATH AND TRAIN THE MACHINE.
IF A COVID IF YOU HAVE COVID POSITIVE, YOUR BREATH PATTERN LOOKS LIKE THIS.
AND I CAN I CAN MAKE A PREDICTION.
ONCE WE LEARNED WITH MACHINE LEARNING, YOU CAN YOU CAN MAKE A PREDICTIVE POWER.
AND THIS PREDICTIVE POWER STARTED TO DIAGNOSE WHETHER YOU'RE COVID POSITIVE OR NEGATIVE.
IN THIS PARTICULAR CASE, YOU HAVE PROBABLY HAVE HEARD THE TERMS OF FALSE POSITIVE RATE.
YOU WANT THAT TO BE AS LOW AS POSSIBLE.
YOU DO NOT WANT TO IDENTIFY PEOPLE WHO ARE POSITIVE TO BE NEGATIVE AND VICE VERSA.
AND THE OTHER ONE IS CALLED A TRUE POSITIVE RATE.
YOU WANT THIS TO BE AS HIGH AS POSSIBLE.
YOU WANT NOT MISDIAGNOSED ANYONE.
SO IN MEDICAL TERMS, THIS IS SOMETHING I JUST LEARNED FROM PEOPLE.
THAT'S WHY IT'S WONDERFUL TO BE WORKING IN BORDER.
THIS IS A CURVE CALLED AUC, WHICH MEDICAL SCIENCE PROFESSIONALS USE.
[02:35:02]
IF YOU GET REACH OF 100%, MEANING YOU HAVE ZERO FALSE POSITIVE RATE, YOU HAVE ONLY 100% TRUE POSITIVE RATE AND THAT'S GREAT.EVERY COVID POSITIVE PERSON IDENTIFIED, NOT A SINGLE ONE OF THEM WAS MISIDENTIFIED.
BUT THAT'S ACTUALLY VERY DIFFICULT.
AND I WAS TOLD IN MEDICAL SCIENCE THAT THE BEST ONE IS A PREGNANCY TEST, AND THAT'S 95% ACCURATE PCR TEST THAT WE ALL HAVE ALL HEARD ABOUT FOR COVID. IS THAT ONLY 93% ACCURATE? AND THIS TECHNIQUE IS THE FIRST TRIAL BASED ON 200 STUDENTS OF CU-BOULDER CAMPUS USING THIS FREQUENCY COMB TECHNOLOGY ACHIEVED 85% ACCURACY, AND THAT'S CONSIDERED MEDICALLY ALREADY EXCELLENT.
AND SO WHAT I WANTED TO END ON THE MESSAGE IS THE FOLLOWING.
THIS IS THE FREQUENCY COMB SPECTRUM I'M SHOWING ON THE SCREEN.
I CAN SEE ALL KINDS OF MOLECULES OUT THERE BECAUSE OF MY FREQUENCY COMB.
BUT TURNS OUT I CAN EXPAND THIS WAY OUT IF YOU GO FURTHER OUT, ALL THE WAY OUT TO HERE AND WE HAVE JUST RECENTLY DEVELOPED TECHNOLOGIES, YOU'RE GOING TO HEAR A LITTLE BIT MORE FURTHER PROBABLY FROM EVA THAT WE CAN SEE THIS TEN TIMES BROADER RANGE OF THIS FREQUENCY COMB SPECTRUM, SEEING, 100 HUNDREDS OF DIFFERENT MOLECULES VERY, VERY SENSITIVELY.
AND WHERE DO WE END? WELL, WITH THIS WITH THIS INCREDIBLY EXTENDED COVERAGE WITH SO THESE SO MANY MOLECULES AND WITH ENHANCED AI TOOLS, THIS WILL GIVE YOU A MUCH STRONGER PREDICTIVE POWER. SO WE HAVE STARTED A COLLABORATION WITH PEOPLE FROM ANSCHUTZ CHILDREN'S HOSPITAL.
THE DIRECTOR OF RESEARCH AT CHILDREN'S HOSPITAL IN ANXIOUS LILIOM.
COULD COME FROM EITHER BACTERIA OR FROM VIRAL INFECTION.
CAN WE USE BREATH TO TELL THE DIFFERENCE? AND THE OTHER ONE IS COPD.
WE ARE ALSO STARTING A COLLABORATION WITH CLINICIANS TO DO COPD DIAGNOSIS AND I DON'T WANT TO THIS OBVIOUSLY IS UNDER ACTIVE RESEARCH RIGHT NOW TO TRY TO REALLY EXPAND ON THIS INCREDIBLE POTENTIAL.
BUT YOU CAN SAY IT'S REALLY NOT.
SO YOU CAN SEE THE POTENTIAL THAT THESE INNOVATIONS HAVE.
BUT WE WE HAVE THE OPPORTUNITY AND ALSO THE RESPONSIBILITY TO ENSURE THAT SOMETHING AS BREAKTHROUGH AS THE THE FREQUENCY COMB BREATHALYZER THAT JOON IS TALKING ABOUT ACTUALLY GETS INTO THE HANDS OF THE CLINICIANS AND THE PATIENTS WHO NEED IT.
RIGHT. AND IT DOESN'T STAY AS A RESEARCH PROJECT.
SO THE START UP COMPANIES THAT I INTRODUCED EARLIER, THESE ARE USUALLY CREATED OR FOUNDED BY THE INVENTORS OF THE TECHNOLOGY, THE FACULTY, THE STUDENTS WHO CREATE THAT.
BUT YOU MIGHT BE SURPRISED TO KNOW THAT MOST INNOVATIONS IN TECHNOLOGY IS CREATED AT A UNIVERSITY, DON'T HAVE A RESEARCH TEAM WHO WANT TO START UP, START A COMPANY. SO WHAT HAPPENS TO THOSE? SO WE'VE CREATED THE EMBARK PROGRAM, THE DEEP TECH STARTUP CREATOR, WHERE WE TAKE INNOVATIONS FROM CU BOULDER AND WE PARTNER THEM WITH ENTREPRENEURS IN THE COMMUNITY.
WE'VE JUST RUN THE FIRST COHORT OF EMBARK AND CREATED 50 NEW 15 NEW STARTUP COMPANIES, INCLUDING ONE THAT IS GOING TO BE COMMERCIALIZING THE FREQUENCY COMB TECHNOLOGY THAT THE JUNE JUST INTRODUCED.
AND WE SAW THAT WE WEREN'T THE ONLY ONES EXCITED ABOUT IT.
WE APPRECIATED THIS TWEET FROM YOU, PRESIDENT SOLOMON INTRODUCING THE COMMUNITY TO TO EMBARK.
AND IT JUST SO HAPPENED THAT THAT WE HAD JUNE BEING FEATURED ON THAT.
SO WE THOUGHT WE'D BETTER BRING HIM IN TODAY AND TALK A LITTLE BIT MORE ABOUT HIS ABOUT HIS COMPANY.
[02:40:03]
EVA YAO, AND SHE IS HERE WITH US TODAY.SO, EVA, IF YOU COULD COME UP, PLEASE.
IT WAS POINTING. HI, EVERYONE.
I WOULD LIKE TO TALK TO YOU ABOUT WHY WE SMELL WITH LIGHT.
AND THIS IS THE FUTURE OF SMELLING TECHNOLOGY.
AND LET ME TELL YOU ABOUT FLOREY.
BY THE WAY, FLOREY MEANS TO SMELL IN ESPERANTO.
THIS IS THE MOST WIDELY SPOKEN, CONSTRUCTED LANGUAGE IN THE WORLD.
SO LET ME TAKE YOU THROUGH A JOURNEY.
IMAGINE THAT YOU HAVE HAD A PERSISTENT COUGH FOR THE LAST THREE MONTHS AND YOU KNOW THAT IT'S NOT COVID BECAUSE YOU USE THE AT HOME TEST, BUT YOU WEREN'T SURE EXACTLY WHAT IT IS.
SO FINALLY YOU GOT A CHANCE TO TAKE A BREAK FROM WORK AND YOU DECIDE THAT YOU'RE GOING TO THE LOCAL PHARMACY BECAUSE YOU HEARD THAT THEY HAVE A NEW LASER DIAGNOSE MACHINE THAT CAN SMELL DIFFERENT DISEASES.
SO YOU GET THERE AND YOU EXHALE INTO A DEVICE, A MASK THAT'S CONNECTED TO A PRINTER SIZED MACHINE ON THE TABLE, AND SECONDS LATER IT TELLS YOU THAT YOU LIKELY HAVE CHRONIC BRONCHITIS.
SO THE MACHINE ACTUALLY SENDS THE RESULTS TO YOUR DOCTOR'S OFFICE.
MOMENTS LATER, THE PHARMACY RECEIVES A PRESCRIPTION FROM YOUR DOCTOR'S OFFICE SO THAT YOU CAN ACTUALLY START MANAGING YOUR SYMPTOMS RIGHT AWAY. THIS IS WHAT WE ATTEMPT TO DO AT FLOREY TO CREATE THAT LASER DIAGNOSED MACHINE PRINTER SIZED MACHINE ON YOUR TABLE THAT CAN DETECT A LOT OF DISEASES.
SO THIS MACHINE, BASED ON JUNE'S BRILLIANT TECHNOLOGY FROM HIS LAB, IS NONINVASIVE.
IT ONLY TAKES YOUR BREATH AWAY, NOTHING MORE.
IT TAKES ONLY SECONDS TO DETECT DISEASES AND CONDITIONS.
IT SNIFFS LIKE A DOG NOSE, SO IT SNIFFS UNDER ROOM TEMPERATURE.
SO WHEN I DESCRIBE THIS TECHNOLOGY TO AN E.R.
DOC THAT I KNOW, HE EXCLAIMED REALLY IN THE MIDDLE OF MY CONVERSATION WITH HIM, SKY IS THE LIMIT.
I WOULD LOVE THIS MACHINE IN OUR OFFICE.
SO MY FIRST JOB IN LOOKING AT THIS OPPORTUNITY IS TO REALLY LOOK AT WHAT ARE SOME MARKET OPPORTUNITIES, THINGS THAT WE CAN USE THIS FOR.
SO DIAGNOSTICS MARKET OBVIOUSLY IS THE FIRST THING THAT CAME TO MIND.
AS YOU CAN IMAGINE, GENERAL LUNG DISEASES, CANCER, AUTOIMMUNE DISEASES, NEURODEGENERATIVE DISEASES.
IF THE DOG CAN SMELL, SMELL IT, THEN WE SHOULD PROBABLY GO AFTER THEM.
THERE ARE ALSO OTHER OPPORTUNITIES WHERE YOU CAN USE THIS SYSTEM TO PERFORM A PUBLIC HEALTH AND SAFETY MONITORING TO DETECT ESSENTIALLY ANY KIND OF CHEMICAL AND BIOLOGICAL CONTAMINANTS IN THE AIR.
AND YOU HAVE PROBABLY ALL HEARD ABOUT 23 AND ME.
SO THIS COULD ALSO BE THE EQUIVALENT FOR BREAST ANALYSIS FOR 23 ME TO MONITOR YOUR MICROBIOME HEALTH, FOR EXAMPLE, THROUGH YOUR BREASTS. SO THERE ARE LOTS AND LOTS OF OPPORTUNITIES.
SO THE FIRST POTENTIAL BEACHHEAD MARKET, THE LINGO IS ESSENTIALLY THE FIRST MARKET THAT WE COULD GO AFTER IS COPD, WHICH IS CHRONIC OBSTRUCTIVE PULMONARY DISEASE.
IT DOES NOT GET BETTER, IT GETS WORSE AND THERE IS NO CURE.
SO THE CURRENT DIAGNOSTICS APPROACHES THAT DOCTORS USE ARE BASED ON PATIENT HISTORY, AND THEN THEY OFTEN WOULD USE A LUNG FUNCTIONING TEST. SO THERE'S ACTUALLY NO PRECISE WAY TO DETERMINE COPD.
AND AS YOU CAN SEE FROM A BUSINESS PERSPECTIVE, WE WANT HUGE, GINORMOUS MARKET.
AND ACCORDING TO A RECENT MARKET REPORT, THE COMBINED COPD AND ASTHMA DIAGNOSTICS AND MONITORING DEVICE MARKET WORLDWIDE IS APPROACHING $7 BILLION IN 2021, AND IT WILL DOUBLE BY 2030.
AND GUESS WHAT? MOST OF THAT IS IN NORTH AMERICA AND IN THE US RIGHT NOW, OVER 12 MILLION AMERICANS LIVE WITH COPD.
[02:45:04]
AND THERE'S ACTUALLY QUITE A LOT OF UNDERDIAGNOSED GNOSIS AND MISDIAGNOSIS IN THIS AREA.LET ME TELL YOU A LITTLE BIT ABOUT MYSELF RIGHT NOW.
I'M STILL LOOKING FOR VERY CAPABLE INDIVIDUALS TO HEAD PRODUCT AND PATHOLOGY.
RIGHT NOW, I'M A BUSINESS ADVISOR FOR STARTUPS.
I'M ALSO AN ACTIVE ANGEL INVESTOR.
AND DURING THE PANDEMIC I WAS ACTUALLY THE COO OF A AND SPINOFF IN DIAGNOSTICS.
WE WENT FROM A VIRTUAL TEAM TO $3 MILLION IN A YEAR, IN 14 MONTHS WITH A WITH A FULLY EQUIPPED CLEAR LAB AT THE ANGELS CAMPUS.
SO I BECAME REALLY INTERESTED IN DIAGNOSTICS.
AS YOU CAN SEE, A SUCCESSFUL STARTUP REALLY RELIES ON A GREAT GROUP OF STARTUP ADVISORS.
I WAS ABLE TO RECRUIT THESE INDIVIDUALS AND THEY HAVE INDICATED VERBAL INTEREST DURING EMBARK EMBARK WHEN I WAS INVESTIGATING THIS OPPORTUNITY. LET ME TELL YOU A LITTLE BIT ABOUT THEM.
SO, STAN, HE IS A SERIAL ENTREPRENEUR AND AN INVENTOR.
HE ACTUALLY INVENTED THE PAP TEST, DIAGNOSTIC TEST FOR WOMEN HERE, THE PAP SMEAR TEST.
AND THEN HE FOUNDED CITIC, WHICH WAS SOLD TO HOLOGIC FOR $6 BILLION.
HE ALSO FOUNDED AND WAS THE INITIAL ORIGINAL CEO OF EXACT SCIENCES.
THE COLON GUARD TEST IS FROM EXACT SCIENCES.
THEY HAVE $15 BILLION IN MARKET IN MARKET CAP.
STAN IS ACTUALLY HERE IN COLORADO.
IN FACT, EVERYBODY HERE IS IN COLORADO DAVID.
HE WAS ALSO THE FOUNDER AND CEO OF BIODISK FLOYD.
HE INVENTED A HPV TEST AND HE SOLD HIS COMPANY, DIOGENE TO CAIJING FOR $1.6, $1.6 BILLION IN 2007, ALL VERY SUCCESSFUL.
SO I'M VERY EXCITED ABOUT THAT.
WE WILL TAKE YOUR BREATH AWAY.
SO NOW, IF YOU'RE LIKE ME, YOU'VE HEARD THE STORY OF THE FREQUENCY COMB.
AND I'M STILL LEARNING EACH TIME I HEAR ABOUT IT.
SO WE'RE GOING TO HAVE ANOTHER CHANCE TO TO HEAR ABOUT FREQUENCY COMBS.
SO THIS AGAIN, IS THE NOBEL PRIZE WINNING TECHNOLOGY, FIRST CREATED IN THE 90S HERE AT CU BOULDER.
AND WE'VE HEARD ABOUT ITS APPLICATIONS IN THE BIOMEDICAL SPACE FROM FROM EVA AND FROM JUNE.
AND NOW WE'RE GOING TO HEAR ABOUT IT IN THE ENVIRONMENTAL SENSING SPACE.
SO I'M VERY HAPPY TO INTRODUCE PROFESSOR GREG REKER.
HE'S A PROFESSOR OF MECHANICAL ENGINEERING AT CU BOULDER.
HE'S ALSO THE ENGINEERING DIRECTOR FOR THE THE QUBIT QUANTUM INITIATIVE AND THE CO FOUNDER OF LONGPATH TECHNOLOGIES, HIS STARTUP COMPANY. SO, GREG.
ALL RIGHT. THANK YOU TO BRYN AND THANK YOU TO EVERYONE FOR THE OPPORTUNITY TO BE HERE.
SO I'VE BEEN A PROFESSOR, A FACULTY IN THE MECHANICAL ENGINEERING DEPARTMENT FOR ABOUT A DECADE NOW.
THIS HAS BEEN THE MOST PRODUCTIVE.
IT'S BEEN THE MOST CHALLENGING, IT'S BEEN THE MOST REWARDING TEN YEARS OF MY LIFE.
IT'S ONE OF THE TRULY AMAZING THINGS THAT'S HAPPENED DURING MY TIME HERE.
AND THEN IT'S ALSO BECAUSE OF THE INCREDIBLE QUANTUM SCIENCE COMMUNITY THAT LIVES RIGHT HERE.
YOU KNOW, AS JUNE SAID, WITHIN 100M OF THIS BUILDING.
I'M GOING TO TALK A LITTLE BIT ABOUT THIS SAME THEME OF THE FREQUENCY COMB.
I'M GOING TO TALK ABOUT THE JOURNEY OF THE LAST TEN YEARS, WHICH HAS TAKEN US ALL THE WAY FROM THE RESEARCH LAB TO A STARTUP THAT'S NOW GROWING LONG PATH TECHNOLOGIES, PROVIDING THIS TYPE OF TECHNOLOGY INTO THE OIL FIELD TO MITIGATE METHANE EMISSIONS.
[02:50:07]
IT'S A LASER THAT EMITS A DIGITAL RAINBOW.AND IT HAS AN UNBELIEVABLE NUMBER OF APPLICATIONS.
SO, OF COURSE, THIS WAS THE JAN HALL NOBEL PRIZE IN 2005.
AND IF YOU LOOK AT THOSE PAPERS THERE THAT ARE THE ORIGINAL PAPERS, YOU'RE GOING TO SEE SOME FAMILIAR NAMES LIKE JUNE, LIKE SCOTT DIDDAMS, WHO JUNE AND I JUST BROUGHT BACK TO THE UNIVERSITY OF COLORADO FROM NICE TO JOIN THIS ECOSYSTEM.
AND SO THERE'S MANY APPLICATIONS.
THE ONE THAT I HAD IMPACT IN IS AROUND ATMOSPHERIC SENSING.
SO WHEN I WAS AT NEST BEFORE COMING TO COLORADO UNIVERSITY OF COLORADO IN 2012, WE TOOK THIS KIND OF FLEDGLING TECHNOLOGY AND WE DID THE FIRST PRACTICAL DEMONSTRATION OF SENSING OF GREENHOUSE GASES OVER VERY, VERY LONG DISTANCES.
SO WE THIS IS JUST ACROSS THE ROAD NEST.
WE PUT THE SYSTEM ON THE ROOF THERE.
WE SENT THE LASER LIGHT ABOUT A KILOMETER UP TO THE MOUNTAINTOP AND THEN BOUNCED IT BACK.
AND WHAT WE COULD SEE IS WHEN THE LIGHT RETURNED, THERE WAS ALL OF THESE COLORS OF LIGHT THAT WERE MISSING AND THOSE COLORS OF LIGHT WHICH ARE SHOWN ON THE BOTTOM THERE, THE ABSORBANCE OF THE LASER BEAM AS A FUNCTION OF WAVELENGTH OR COLOR.
NOW I CALL THAT THE FIRST PRACTICAL DEMONSTRATION.
SO THIS WAS VERY SENSITIVE TO THE ENVIRONMENT IT WAS IN, DIFFICULT TO OPERATE, VERY EXPENSIVE.
SO WHEN I CAME OVER TO THE UNIVERSITY OF COLORADO AS ONE OF THE FIRST ENGINEERS TO REALLY GET TO WORK WITH THE PHYSICISTS AND THINK ABOUT THIS TECHNOLOGY, WE GOT A LOT OF FUNDING FROM THE DEPARTMENT OF ENERGY, DEPARTMENT OF DEFENSE TO TAKE THAT TECHNOLOGY AND TURN IT INTO SOMETHING REALLY, REALLY ROBUST.
NOW, THE DEPARTMENT OF ENERGY, THEY PUT ALL OF THIS MONEY INTO THE TECHNOLOGY BECAUSE WE'VE GOT A PROBLEM, RIGHT? METHANE EMISSIONS CONTINUES TO GROW.
I'LL JUST POINT OUT, DURING THE TIME IT TOOK FOR US TO MAKE THIS SYSTEM PORTABLE AND ROBUST, WE GOT ANOTHER 50 PARTS PER BILLION OF METHANE IN OUR ATMOSPHERE AND IT CONTINUES TO GROW SINCE THEN.
THERE'S A LOT OF PLACES THAT THIS METHANE IS COMING FROM.
AT LEAST 20% OF IT IS COMING FROM EMISSIONS FROM THE OIL AND GAS INDUSTRY.
THE REASON IS BECAUSE THIS IS A BIG IT'S A HARD PROBLEM TO HANDLE.
THERE'S A MILLION PLUS ACTIVE WELLS IN THE UNITED STATES ALONE.
THAT PICTURE ON THE RIGHT IS THE PERMIAN BASIN IN TEXAS.
EACH OF THOSE LITTLE SQUARES IS WHAT YOU SEE ON THE LEFT THERE.
IT'S A FACILITY WITH LOTS OF TANKS, SEPARATORS FLARES, ALL OF THIS DIFFERENT EQUIPMENT THAT'S USED TO EXTRACT THE OIL AND GAS, THOUSANDS OF LITTLE LEAK POINTS, VALVES TO GET STUCK OPEN, THINGS LIKE THAT.
SO IT WASN'T WORKING AND IT WAS INCREDIBLY EXPENSIVE.
SO WE TOOK THIS SYSTEM THAT COULD SENSE DOWN TO A PART PER BILLION OF METHANE.
WE SET IT UP NORTH OF BOULDER, ABOUT EIGHT MILES AND ABOUT A MILE AWAY FROM OUR SYSTEM.
WE PLACED A TINY LITTLE LEAK OF METHANE AND WE BRACKETED THAT LEAK OF METHANE WITH A COUPLE OF LASER BEAMS. AND WHAT WE FOUND IS IF THE WIND IS KIND OF BLOWING ACROSS THOSE BEAMS. YOU SEE THIS TINY ENHANCEMENT DOWNWIND OF THE THE TO THE DOWNWIND LASER BEAM, THIS BRACKETING, THIS AND THAT TINY ENHANCEMENT WHICH COMES ABOUT WHEN THE LEAK IS ON AND GOES AWAY, WHEN THE LEAK IS OFF, IS A FEW PARTS PER BILLION.
AND IT INDICATES THAT THERE'S A LEAK IN BETWEEN THESE BEAMS. AND IN FACT, WE CAN QUANTIFY DOWN TO A FEW, YOU KNOW, KF CUBIC FEET PER HOUR, ABOUT A QUARTER OF YOUR BREATHING RATE RIGHT NOW.
WHAT THE LEAK SIZE WAS OUT THERE.
THIS IS ONLY POSSIBLE BECAUSE OF THE EXTREME PRECISION OF THESE DUAL FREQUENCY COMBS.
SO WE HAD THE IDEA LET'S GO OUT INTO EASTERN COLORADO AND THAT'S WHERE THIS IMAGE IS FROM.
SO IF WE COULD PUT THIS SYSTEM ON A TOWER, IF WE COULD SENSE THAT WHOLE REGION WITH A SINGLE SYSTEM AND IDENTIFY SPECIFIC LEAKS AROUND THERE AND, YOU KNOW, THE COST PER SITE TO DO THAT MONITORING GOES WAY DOWN BECAUSE WE'RE USING ONE INSTRUMENT.
AND SO IF IT'S THAT LOW COST, WE COULD POTENTIALLY LEAVE THAT SYSTEM AND MONITOR ALL OF THE TIME.
SO WE CONVINCED THE DEPARTMENT OF ENERGY A FEW OIL AND GAS COMPANIES TO LET US TRY THIS.
[02:55:05]
WE BUILT THREE SYSTEMS. WE PUT THEM OUT INTO THE DIFFERENT GEOGRAPHIES, DIFFERENT OIL AND GAS BASINS, SET THEM UP TO MONITOR 20 SQUARE MILE REGIONS AROUND THEM.AND WHAT WE FOUND WAS REALLY INTERESTING.
MANY OF THESE OIL AND GAS FACILITIES ON A DAY TO DAY BASIS PERFORM QUITE WELL.
IT'S PRETTY QUIET, BUT EACH FACILITY, ON AVERAGE A FEW TIMES A YEAR HAS A FAIRLY LARGE EVENT.
A VALVE GETS STUCK, A HATCH GETS LEFT OPEN WHEN A WORKER GOES BY.
AND THOSE FEW SIGNIFICANT EVENTS, JUST THE GAS LOST, IF YOU FIND IT, YOU KNOW, RIGHT AWAY VERSUS SIX MONTHS FROM NOW, WHEN THE NEXT PERSON COMES BY WITH A CAMERA, PAYS FOR JUST THIS MONITORING COST OVER, PAYS FOR WHAT THIS MONITORING COST IS.
SO WE'RE NOT TALKING ABOUT SMALL LEAKS IN THIS LARGE REGION.
SO WE CREATED SOMETHING CALLED BASIN SCAN.
IT WAS IT WAS AN EA FUNDED PROJECT THAT WE THEN FOLLOWED ON WITH ABOUT $35 MILLION WORTH OF PRIVATE INVESTMENT FROM DIFFERENT COMPANIES AND INVESTORS TO CREATE LONG PATH TECHNOLOGIES.
WE'VE GROWN THIS NOW TO 47 EMPLOYEES AND GROWING FAST.
IT'S RIGHT HERE, ABOUT FIVE MILES FROM WHERE WE ARE RIGHT NOW.
IT HAS 21 MAJOR OIL AND GAS COMPANIES, INCLUDING EXXON PIONEER, CHEVRON.
AND SO WE CONTINUE TO GROW THIS TECHNOLOGY.
IT'S REALLY BEEN AN EXCITING RIDE, I THINK, OVER THIS LAST TEN YEARS.
SO I GO BACK TO THAT PATHWAY TO IMPACT FROM SCIENCE TO ENGINEERING TO TRANSLATION.
AN AND WE SAID, CAN WE MAKE THIS PATHWAY INTO A HIGHWAY? AND SO WHAT WE'VE BEEN WORKING ON THIS LAST FEW YEARS WITH SUPPORT FROM THE MASSIMO ROSSINI, DEANS IN THE COLLEGE OF ENGINEERING AND ARTS AND SCIENCES, IS TO BUILD THIS QUANTUM ENGINEERING INITIATIVE WHERE WE BUILD WORKFORCE THROUGH EDUCATION, WHERE WE INCREASE OUR RESEARCH COLLABORATION IN A WAY I'LL TALK ABOUT IN A MOMENT, AND WE START TO PULL IN ALL OF THESE EXCITING PROGRAMS THAT BRIN HAS AND GIVE THEM THAT KIND OF TOUCH POINT WITH THE QUANTUM COMMUNITY THAT CAN CREATE MORE LONG PATHS.
AND SO WE HAVE A SUCCESSFUL MODEL FOR THIS JUNE.
AS PART OF THAT MODEL, IT'S JILA.
IT CONNECTS. IT'S THE JOINT INSTITUTE THAT CONNECTS NYSED WITH THE COLLEGE OF ARTS AND SCIENCES.
OUR PLAN AND WHAT WE'RE WORKING ON HERE IS REFRESHING.
AND SO I'M HOPEFUL THAT IN FIVE YEARS, TEN YEARS FROM NOW, THERE WILL BE A LINE BEHIND ME OF PEOPLE TO TELL MORE LONG PATH STORIES AS WE GO. SO THANKS FOR THE OPPORTUNITY TO COME AND TALK ABOUT THIS LAST TEN YEARS.
THEY'VE BEEN TRULY WONDERFUL, THANKS TO THE UNIVERSITY.
SO THAT IS ACTUALLY THE CONCLUSION OF OUR PRESENTATIONS THIS MORNING.
I JUST WANT TO THANK YOU ALL AGAIN FOR THE OPPORTUNITY.
THANK YOU TO THE CHANCELLOR FOR BEING ABLE TO TELL YOU ABOUT THE MACRO RIGHT, THE SUCCESS OF THE UNIVERSITY IN CREATING THESE STARTUPS, BUT ALSO THE MICRO OF THE INDIVIDUAL STORIES OF THE TYPES OF INNOVATIONS WHERE THEY ARE NOW IN THE COMMUNITY, THE ECONOMIC DEVELOPMENT AS WELL, AND OF COURSE THE SUB MICRO, THE QUANTUM.
YES, PLEASE BRING THEM UP BECAUSE I IMAGINE THERE MIGHT BE QUESTIONS.
I WILL JUST START WITH A COMMENT.
SO I KNEW THIS SORT OF TECHNOLOGY WAS COMING.
AND I THINK IT'S SUPER EXCITING WITH THE LONG PATH AS WELL AS THE BREATHALYZER.
SO REALLY SUPER INTERESTING TO HEAR ALL THIS TODAY.
REGENT MCNULTY THANK YOU, MADAM CHAIR.
WE GO FROM CAMPUS TO CAMPUS AND WE HAVE THESE PRESENTATIONS.
[03:00:07]
AND AND I AM GRATEFUL FOR THE, THE WORK THAT YOU'RE DOING, ENCOURAGE YOU TO KEEP IT UP, DO REALLY SMART THINGS.THANK YOU FOR PUTTING IT IN TERMS THAT WE CAN UNDERSTAND.
I WAS JUST TALKING WITH MY COLLEAGUE HERE ABOUT HOW WE APPRECIATE THE GRAPHICS THAT YOU GUYS PUT TOGETHER THAT SHOW US IN PICTURES WHAT YOU'RE DOING, BECAUSE SOMETIMES WE GET LOST IN THE WORDS, BUT VERY PLEASED WITH IT.
THANK YOU, MADAM CHAIR. YOU'RE WELCOME.
THANK YOU. I'M JUST CURIOUS IF YOU HAVE A TIMELINE, SAY, IN TERMS OF SOME OF THESE OBVIOUSLY THE METHANE MEASURING IS HAPPENING, BUT THE BREATHALYZER TYPE STUFF, IS THERE A TIMELINE WHEN THIS SCENARIO YOU TALK ABOUT IS GOING TO BE IN THE LOCAL PHARMACY? YES. SO THE ROADMAP OF THE STARTUP IS ALWAYS A GUESSING GAME.
I DO MY BEST TO HAVE THE MOST INFORMED GUESS.
SO WE ANTICIPATE TO MINIATURIZE THE HARDWARE.
SO THE PRINTER SIZE MACHINE GOING FROM JUNE'S OPTICAL TABLE, WHICH IS THE SIZE OF A PING PONG TABLE, SHRINK IT DOWN TO A PACKAGED PRINTER SIZED MACHINE.
SO WE'RE RIDING THAT WAVE AND HOPEFULLY THAT COST WILL COME DOWN AS WELL.
I'M ANTICIPATING THAT IN SEVEN YEARS WE WILL LAUNCH THE PRODUCT.
SO AS WE WERE MINIATURIZING THE HARDWARE, WE'RE ALSO LOOKING AT ON THE PATHOLOGY ON THE DIAGNOSTIC SIDE, WE NEED TO GO THROUGH REGULATION, THE FDA, FDA APPROVAL PROCESS.
SO A LOT OF THINGS NEEDS TO HAPPEN THERE AND WE NEED TO DO BIOMARKER STUDY, CLINICAL VALIDATION AND THEN ULTIMATELY SUBMIT TO FDA FOR APPROVAL. AND BECAUSE OF COVID, BECAUSE OF PANDEMIC, THERE'S ACTUALLY ANTICIPATION ON THE SIDE OF FDA THAT THERE WILL BE MORE POINT OF CARE.
WE CALL IT POC DEVICES LIKE THIS COMING ONTO THE MARKET.
SO WE'RE ALSO, IN MY MIND, BENEFITING FROM THAT AS WELL.
SO IT'S A 5 TO 7 AND POTENTIALLY BECAUSE IT'S A STARTUP UP TO TEN YEARS TIMELINE, HOPEFULLY SHORTER.
OKAY. DO YOU HAVE A FOLLOW UP? IT'S NOT A FOLLOW UP. IT'S A WHOLE DIFFERENT QUESTION.
YEAH. I AM CURIOUS ABOUT THE COMPETITION.
SO DO YOU FIND THAT YOU'RE IN A REAL COMPETITIVE SITUATION? YEAH, I CAN SPEAK TO THAT GENERALLY.
AND THEN AND THEN MAYBE IT WOULD BE GREG.
I THINK IT'S SOMETHING FREQUENTLY TALKED ABOUT THAT EVEN A MAJORITY OF STARTUP COMPANIES FAIL, RIGHT? I WOULD SAY THAT UNIVERSITY STARTUPS TEND TO HAVE A HIGHER VIABILITY BECAUSE THEY'RE ABLE TO BE BUTTRESSED BY THIS FEDERAL FUNDING AND INNOVATION THAT'S BEHIND THEM.
BUT IT IS A VERY COMPETITIVE ENVIRONMENT.
IT'S THERE'S COMPETITION FOR TALENT, RIGHT? THERE'S COMPETITION FOR INVESTMENT CAPITAL AND THERE'S COMPETITION, OF COURSE, AMONG THESE THESE COMPANIES OCCUPYING THE SAME MARKET.
NOW, FROM THE POINT OF VIEW OF THE INVESTOR, I THINK THAT'S A GOOD THING.
AND THAT'S A GOOD THING BECAUSE ONLY THE VERY BEST WILL GO FORWARD.
NOW THAT'S THE INVESTOR PERSPECTIVE.
MAYBE ON THE STARTUP FOUNDER PERSPECTIVE AS THEY'D LIKE TO HAVE A LITTLE MORE.
AND SO WE'RE ACTIVELY TRYING TO MAKE PARTNERSHIPS WITH INVESTORS ON THE COAST, AS I MENTIONED EARLIER, AND BOTH CU BOULDER AND CU ANSCHUTZ NOW HAVE THEIR OWN AFFILIATED VENTURE CAPITAL FUNDS THAT CAN PARTICIPATE AS WELL.
SO GREG, DO YOU WANT TO ADD ANYTHING? YEAH. SO CERTAINLY THERE'S A LOT OF COMPETITION AND WHENEVER THERE'S A BIG MARKET, THERE'S GOING TO BE MANY, MANY COMPANIES TRYING TO ATTACK THAT MARKET.
THE TRICK IS COMING FROM THE UNIVERSITY OF COLORADO, COMING FROM A LONG LINE OF DEVELOPMENT.
I APPRECIATE THAT EVA GAVE A LONGER TIMELINE.
IT'S ALWAYS, YOU KNOW, TEMPTING TO SAY WE'RE GOING TO HAVE IT IN THREE YEARS.
THE TRUTH IS, I MEAN, IT TOOK US A DECADE TO KIND OF ROUND THIS TECHNOLOGY.
[03:05:02]
BUT WHAT MAKES LONGPATH AND A HANDFUL OF OUR OTHER, I WOULD SAY COMPETITORS, BUT THIS IS THE OTHER COMPANIES THAT TYPICALLY ROUND OUT THE PORTFOLIO OF METHANE MONITORING. THERE ARE ABOUT FIVE OF US THAT ARE GROUNDED IN REALLY SOLID TECHNOLOGY, AND LONGPATH IS ONE OF THOSE.I THINK WE HAVE A PORTFOLIO OF MAYBE 15 PATENTS THROUGH THE UNIVERSITY OF COLORADO.
WHEN THAT COMES INTO OUR COMPANY, WHEN WE GO TO RAISE FUNDS, IT'S A MASSIVE DIFFERENTIATOR.
AND SO A LOT OF, YOU KNOW, THE VENTURE CAPITALISTS AND SERIES A INVESTORS THAT CAME TO LONGPATH, THEY SAID, OKAY, UNIVERSITY TECHNOLOGY, THIS LICENSING IS ALWAYS HARD. AND I SAID, YOU SHOULD TALK TO BRIN BEFORE YOU THINK THAT BECAUSE UNIVERSITY OF COLORADO IS DIFFERENT, VERY, VERY STRAIGHTFORWARD PROCESS.
AND SO I THINK WE DID OUR LICENSE IN WEEKS.
AND THE INVESTORS ALL SAID THAT WAS UNBELIEVABLE.
SO SO ANYWAY, WHEN IT COMES TO COMPETITION, PATENTS, SOLID TECHNOLOGY AND A AND A WORKING VENTURE PARTNERS OFFICE AT SOME POINT LATER, NOT TODAY. I'D LIKE TO SEE HOW THIS IS FUNDED AND WHEN THINGS COME BACK TO THE UNIVERSITY, HOW THE UNIVERSITY PROFITS FROM THAT AS WELL.
I'D LIKE TO SEE THAT AT SOME TIME.
THE APPLICATION IS PRETTY ASTOUNDING.
I'M JUST CURIOUS, IN THE METHANE DETECTION ONCE IDENTIFIED, HOW CORRECTABLE ARE THOSE LEAKS AND HOW OPEN ARE THOSE COMPANIES TO CORRECTING THOSE LEAKS? YEAH, SO THAT'S A WONDERFUL QUESTION.
SO THERE IS SOME RETICENCE, RIGHT? ESPECIALLY A QUANTITATIVE TECHNOLOGY THAT KNOWS HOW BIG THE LEAKS ARE, WHICH IS KNOWN FOR THE FIRST TIME NOW.
THEY PUT UP A LONG PATH SYSTEM.
AND SO AS HE SAYS, IT'S A NO BRAINER.
THEY BROUGHT THAT 3% DOWN TO ACTUALLY 0.3%.
AND THERE'S A RETURN ON INVESTMENT TO DO THIS.
EXACTLY. AND SO IT'S IT'S TAKING TIME FOR THE FOR THE INDUSTRY TO KIND OF GET OUT THERE, RECOGNIZE THE MAGNITUDE OF THE PROBLEM AND ALSO TO FIGURE OUT HOW TO MAKE THIS EFFICIENT, TO BUILD IT INTO THEIR WORK PRACTICE BECAUSE IT'S A MASSIVE DISTRIBUTED NETWORK AND IT TAKES A WHILE TO GO OUT AND FIND AND FIX THESE LEAKS.
AND I'VE BEEN REALLY TRYING TO THINK ABOUT A QUESTION THAT DOESN'T COMPLETELY SHOW MY IGNORANCE OR LACK OF KNOWLEDGE BECAUSE IT'S JUST ABSOLUTELY AMAZING THE WORK YOU'RE DOING. SO A COUPLE QUESTIONS.
ONE IS TO FOLLOW UP ON THAT QUESTION.
YOU KNOW, SO THEN THERE'S THE POTENTIAL FOR THE TECHNOLOGY ABOUT, WELL, HOW DO YOU HOW DO YOU CAPTURE IT? RIGHT? CREATE DEVICES THAT CAPTURE THE METHANE.
AND YOU WERE TALKING ABOUT THE COASTS.
I KNOW THERE'S, YOU KNOW, SOME RESEARCH INNOVATION GOING ON IN OTHER AREAS OF ENERGY DEVELOPMENT, YOU KNOW, IN PARTICULAR THIRD AND FOURTH GENERATION NUCLEAR ENERGY. AND HOW DO YOU, YOU KNOW, THINK ABOUT FLORIDA AND SHRINKING THESE PRODUCTS? HOW DO YOU HOW DO YOU SHRINK THE PRODUCTION OF THAT ENERGY TO PERHAPS POWER AUTOMOBILES OR OR STOVES OR, YOU KNOW, DIFFERENT SOURCES OF ENERGY? AND IS THAT SOMETHING THAT'S GOING ON IN ANY OF OUR INNOVATION LABS, WHETHER IT'S THROUGH THE QUANTUM WORK OR IN OTHER PLACES? SO ONE SPECIFIC TO THE KIND OF METHANE ONE.
AND THEN WHAT ELSE ARE WE WORKING ON? SURE. SO I'LL TAKE THE QUANTUM ONE OR EXCUSE ME, THE METHANE ONE.
SO THE YOU KNOW, A LOT OF THE EMISSIONS THAT WE SEE ARE OUT THERE ARE NOT NOT PLANNED OR NOT.
THAT'S NOT WHAT THEY WANT. SO IT MIGHT BE, YOU KNOW, AGAIN, SOMEBODY COMES BY TO EMPTY A TANK OF OIL OR WATER, PRODUCE WATER FROM THE WELLS AND THEY LEAVE THE HATCH OPEN AND THEN GASES GET VENTED INTO THOSE TANKS AND COME RIGHT OUT.
SO IT'S THINGS LIKE THAT THAT ARE THERE ARE A LOT OF WHAT WE SEE.
SO THERE'S A LOT OF TECHNOLOGY BEING DEVELOPED TO TRY TO IMPROVE THE OIL FIELD.
[03:10:06]
GOES WRONG. ACTUALLY, I'M JUST GOING TO WRAP UP A COUPLE OF THOSE QUESTIONS TOGETHER IN TERMS OF THE DIRECT RESEARCH ON ENERGY. RIGHT NOW, I WOULD SAY NOT REALLY.YOU KNOW, IN SOME AMONG SOME OF THE QUANTUM RESEARCHERS I KNOW OF, HOWEVER, YOU PROBABLY HAVE HEARD THE TREMENDOUS COMPETITION GOING ON RIGHT NOW ON QUANTUM COMPUTERS, BECAUSE IF A QUANTUM COMPUTER BECOMES A REALITY, THERE WILL BE TRANSFORMATIONAL FOR THE SOCIETY IMPACT, INCLUDING DESIGNING A NEW DRUGS OR DESIGNING MUCH MORE IMPACTFUL OR ENERGY EFFICIENT DEVICES.
AND AND THERE WAS AN EARLIER QUESTION ABOUT COMPETITION.
AND I WANT TO JUST GREG GAVE A GREAT ANSWER TO THAT.
I WANT TO EXPAND THIS A LITTLE BIT.
KNOW THE COMPETITION IS NOT JUST ABOUT THE REASON WHY CU BOULDER HAS BEEN SO SUCCESSFUL THANKS TO BRING AND MANY OTHERS HERE, BUT IT'S ALSO BECAUSE LEOPOLD HAS A TREMENDOUS RESEARCH CAPABILITY HERE AND THAT WE ARE FACING BIG COMPETITION ON THAT.
THERE IS NO QUESTION THAT MANY OTHER RESEARCH UNIVERSITIES SEES BOULDER AS A IF BOULDER CAN DO THAT, WHY CAN'T WE WHY CAN'T WE DO THAT? AND BUILDING A BETTER PARTNERSHIP WITH NEST AND SO ON.
SO JUST TO GIVE YOU ONE EXAMPLE, QUANTUM COMPUTER, THERE'S A HUGE AMOUNT OF COMPETITION.
DIFFERENT REGIONS WANT TO ATTRACT THE BEST QUANTUM COMPUTER COMPANIES THERE.
BUT IN THE END, HE DECIDED TO ACTUALLY MOVE A BIGGER BRANCH HERE IN BOULDER.
IN BOULDER. WHY? BECAUSE THERE ARE SO MANY TALENTS COMING OUT OF BOULDER AND HE WANTS TO ATTRACT THEM.
AND THIS IS EXACTLY THE SAME THING.
SORRY, HONEYWELL BUILD A CONTINUUM.
AND ONE OF NOT LEADING QUANTUM COMPUTER COMPANIES IN BROOMFIELD RIGHT NEXT DOOR TO BOULDER, AGAIN WAS TO ATTRACT THESE BEST MINDS OR TALENTS COMING OUT OF CU BOULDER. SO I JUST WANT TO GIVE THE ANSWER THAT ON BROAD SCOPE, THIS IS A TREMENDOUSLY IMPORTANT FOR CU BOULDER OR GENERAL SYSTEM.
SORRY TO MAINTAIN RESEARCH COMPETITIVENESS AT THE AT THE VERY BEST LEVEL AND THAT WILL JUST GIVE INNOVATIONS A MAJOR FOUNDATION TO DO THAT. AND OF COURSE, AS A LARGER CONTEXT.
WHILE TODAY WE'RE FOCUSED ON QUANTUM, THE STARTUPS AND INNOVATION AT THE UNIVERSITY ABSOLUTELY REFLECT THAT BREADTH OF EXPERTISE THAT JUNE IS TALKING ABOUT ACROSS THE RESEARCH ACROSS THE CAMPUS.
AND SO ADVANCED ENERGY AND ALTERNATIVE ENERGY IS ABSOLUTELY A PART OF THAT.
I'LL JUST GIVE YOU TWO QUICK EXAMPLES.
SO ONE IS IN HYDROGEN FUELS, RIGHT? SO THE PRODUCTION OF HYDROGEN CAN ACTUALLY OFTEN CREATE GREENHOUSE GAS EMISSIONS THAT ALMOST OFFSET THE THE ADVANTAGES OF USING HYDROGEN OVER PETROCHEMICALS.
AND THEN ANOTHER, MUCH MORE TANGIBLE IMPACT IS JUST DOWN THE ROAD IN LEWISVILLE.
THERE'S A COMPANY CALLED SOLID POWER.
THAT COMPANY CAME OUT OF MECHANICAL ENGINEERING AT BOULDER.
SO AS WE TALK ABOUT COMPETITION AND AND STAYING IN THE GAME, SO WE ARE SO WE WERE ONE OF THE WE ARE ONE OF THE LEADERS IN THE COUNTRY AND THE WORLD IN THIS AREA OF SCIENCE AND TRANSLATIONAL WORK, LIKE YOU SHARED WITH US, IS, YOU KNOW, WE'RE FIFTH IN THE COUNTRY.
WHAT WHAT DOES IT TAKE FOR US TO TO AND WHAT'S THE TIMING IN TERMS OF OF INVESTMENT FOR FOR US TO BE NOT JUST THE LEADER, THE THE LEADER IN THE COUNTRY AND IN THE WORLD IN THIS SECTOR? WHAT WHAT WHAT DO WE NEED TO DO AS A STATE AND WHEN DO WE NEED TO DO IT? AND JUNE OR MASSIMO AND AND THANKS TO MASSIMO WHO'S SITTING BACK THERE IN JUNE FOR YOUR FOR YOUR LEADERSHIP ON THIS.
WE'RE INCREDIBLY GRATEFUL FOR ALL THAT YOU DO FOR US.
BUT WHAT DO YOU THINK WE NEED TO DO AS A STATE? HOW MUCH MONEY AND WHEN DO WE NEED TO SPEND IT AND WHAT DOES IT NEED TO BE SPENT ON? PUT IT ON. WELL, THANK YOU AND THANKS FOR THE TIME AND THANKS FOR GIVING US THE OPPORTUNITY.
[03:15:01]
I THINK WE NEED TO CONTINUE TO SUPPORT ACROSS THE BOARD.WE NEED TO CONTINUE TO SUPPORT OUR BASIC SCIENCE AND MAKE SURE THAT THE TALENT STAYS HERE.
WE NEED TO MAKE SURE THE TALENT COMES HERE.
WE NEED TO BE ABLE TO RECRUIT THE BEST OF THE BEST FOR OUR SCIENCE.
WE CANNOT LET IT GO BECAUSE OTHERWISE WE'RE GOING TO HAVE GREAT SCIENTISTS AND WE'RE GOING TO HAVE INVESTORS FROM OUTSIDE, FROM THE BAY AREA, FROM THE NEW YORK AREA, FROM BOSTON AREA, FROM RESEARCH TRIANGLE IN NORTH CAROLINA.
SO WE NEED TO CONTINUE TO INVEST IN WHAT JUNE GREG ARE DOING AND WE NEED TO CONTINUE TO INVEST IN WHAT BRIAN IS DOING AND WE NEED TO CREATE AN INNOVATION ECOSYSTEM HERE. SO HOW MUCH MONEY WE CAN WE CAN TALK ABOUT THAT.
IT'S GOING TO BE A CONTINUOUS INVESTMENT THAT WILL PAY OFF.
I CAN TALK ABOUT 10 TO 20 TO MAYBE $100 MILLION.
THAT WOULD REALLY CONTINUE TO BRING WHAT WE NEED.
AND I SAW THAT I SAW AN ARTICLE RECENTLY THAT TEXAS PUT IN, I THINK IS $200 MILLION TO THE UNIVERSITY OF TEXAS TO INVEST IN THEIR QUANTUM WORK.
AND THAT'S LIKE AN EXAMPLE OF THE MAGNITUDE.
AND SO I APPRECIATE THE THE NUMBERS.
YEAH, I THINK THAT'S THE ORDER OF MAGNITUDE.
AND I JUST CAME BACK YESTERDAY FROM A TRIP.
AND THAT STARTED OFF IN A LAB AND IT WAS A NOBEL PRIZE IN THE 2000 AND VERY QUICKLY, THE UNIVERSITY BUILT AN INSTITUTE FOR GRAPHENE, WHICH ENABLED NOW FOR GRAPHENE TO NOT JUST BECOME A SCIENTIFIC CURIOSITY, BUT SOMETHING THAT IS LEADING TO NEW MATERIALS, NEW SENSING TECHNOLOGY.
AND IF WE DON'T DO IT, WE'LL WE'LL GIVE IT TO OTHERS.
SO THANK YOU FOR YOUR WORK AND THANKS TO THE THE CHANCELLOR FOR FOR ALL THAT HE DOES ON THIS.
I DON'T KNOW IF YOU WANT TO ADD ANYTHING TO THAT.
NO, I. I JUST WANT TO THANK YOU AS WELL AND WHAT WHAT I WANT WHEN I WANT THE BOARD TO ALSO REALIZE IS THE INTERDISCIPLINARY WORK THAT GOES ON HERE.
I MEAN, WE FROM ENGINEERING TO PHYSICS, CHEMISTRY, BIOCHEMISTRY, IT'S VERY INTERDISCIPLINARY.
I MEAN, ONE DISCIPLINE WILL NOT SOLVE THE COMPLEX PROBLEMS THAT WE'RE TALKING ABOUT TODAY.
IT'S A MULTI DISCIPLINE, VERY INTERDISCIPLINARY.
AND, AND EVA DIDN'T MENTION BUT WASN'T THE LEAD SCHOOL OF BUSINESS AS A PROFESSOR.
AND SO IT'S THE BUSINESS SCIENCE POLICY ALL COMING TOGETHER.
THANK YOU SO MUCH. I KNOW WE HAVE MORE QUESTIONS.
YOU'VE GENERATED A LOT OF EXCITEMENT, SO BUT I WANT TO KEEP US ON TIME.
THANK YOU SO MUCH FOR THE PRESENTATIONS AND IT'S JUST REALLY EXCITING.
OKAY WITH THAT? WE NEXT ARE GOING TO DIVE INTO OUR STRATEGIC PLAN.
[M. 9:30 a.m. STRATEGIC PLAN]
AND CHAD, IF YOU YOU'RE GOING TO TEE US UP FOR THIS.AND A LOT OF THOSE HAVE INCLUDED ANNUAL PROGRESS TOWARDS GOAL ON THOSE MEASURES.
SO AT TODAY'S MEETING, WE'RE GOING TO WE'RE GOING TO TAKE A LITTLE BIT OF A STEP BACK AND LOOK AT KIND OF THE 30 ZERO ZERO ZERO FOOT LEVEL OF THIS ISSUE OF LOCAL COMMUNITY PARTNERSHIPS. AND THOSE ARE ITEMS THAT ARE KIND OF FOUNDATIONAL TO A LOT OF THE OTHER GOALS IN THE STRATEGIC PLAN.
SO YOU'LL BE HEARING FROM THE CAMPUSES IN TERMS OF WHAT JUST JUST A HANDFUL OF EXAMPLES AT EACH CAMPUS AND THEN JUST FORESHADOWING WHAT'S AHEAD HERE AT THE JULY RETREAT.
AND AGAIN, THOSE WILL THOSE WILL VARY BY CAMPUS.
AND AND I'M GOING TO SAVE MY LONG DECK FOR THE NEXT ITEM.
SO WE'RE GOING TO JUST FAST FORWARD TO THE BREAKOUT ASSIGNMENTS HERE.
[03:20:03]
APOLOGIES IF WE MISSED ANY NAMES ON FOLKS BEHIND ME.PLEASE FEEL FREE TO JOIN A TABLE.
AND SO WE'LL TAKE A COUPLE OF MINUTES TO GET SET UP IN THE BACK AT THESE TABLES.
WITHOUT EVERYBODY'S HELP, IT WOULDN'T BE POSSIBLE.
GREAT. THANK YOU. AND WE CAN TAKE A FIVE MINUTE BREAK WHILE THEY'RE GETTING SET UP.
THANK YOU. YOU NEED TO MOVE ON TO THE FINANCE COMMITTEE DISCUSSION AND ACTION ITEMS. OH, I WILL.
REALLY? I NEED TO GET A TRIP OUT THERE FOR MY.
OKAY. OUR NEXT ITEM OF BUSINESS IS THE FINANCE COMMITTEE REPORT.
[N. 11:00 a.m. FINANCE COMMITTEE DISCUSSION AND ACTION ITEMS]
AND WE HAVE REGENT CHAVEZ AND CFO, CHAD MARTURANO.DO YOU NEED TO COME UP AND I WILL HAND IT OVER TO YOU.
THANK YOU, MADAM CHAIR. I'LL I'LL BEGIN WITH COMMITTEE REPORT.
THE FINANCE COMMITTEE MET ON MAY 24TH AND WAS ATTENDED.
THANK YOU TO REPRESENTATIVE MCNULTY AND MONTERA FOR ATTENDING THAT COMMITTEE MEETING DURING THE AS YOU KNOW, THE MEETING IS BROKEN INTO TWO PARTS, THE CAPITAL CONSTRUCTION PORTION AND THE FINANCE PORTION.
MANY PROJECTS ARE IN THE CLOSEOUT PHASE OR ARE AWAITING FUNDING.
ANDRE FROM CU ANSCHUTZ CAMPUS PROVIDED AN UPDATE ON THE CAMPUS FACILITY MASTER PLAN, AND THAT MASTER PLAN PROVIDES A FRAMEWORK TO ADDRESS THE POTENTIAL NEW CONSTRUCTION AND RENOVATION PROJECTS THAT MAY OCCUR OVER THE OVER THE ON THE CAMPUS OVER THE NEXT TEN YEARS.
FINALLY, THE COMMITTEE HEARD AN UPDATE FROM EXCUSE ME ABOUT THE SUSTAINABILITY AND DEFERRED MAINTENANCE MATRIX INCLUDED IN PILLAR FOUR OF CU STRATEGIC PLAN AND IN THE FINANCE PORTION OF THE MEETING, SCOTT MUNSON GAVE A QUARTERLY IT PROJECT STATUS REPORT, INCLUDING THE DATA GOVERNANCE AND MANAGEMENT PROJECT, THE ADVANCED, THE ADVANCEMENT NEXT GEN PROJECT AND THE TIME AND LABOR PROJECT.
ED MILLS PRESENTED AN UPDATE ON LOCAL SPENDING OVER THE LAST YEAR.
THE CU HAS INCREASED THE NUMBER OF UNIQUE LOCAL COMPANIES THAT CU DOES BUSINESS WITH BY AN AVERAGE OF ABOUT 20% STATEWIDE.
AND FINALLY, CHAD WALKED THROUGH THE WALK THE COMMITTEE THROUGH A NEW ANNUAL OUTCOMES ONLINE RESOURCE THE EXCUSE ME ALUMNI OUTCOMES ONLINE RESOURCE.
THE ALUMNI OUTCOMES DATA INCLUDES EARNINGS INFORMATION FOR GRADUATES FROM 1990 THROUGH 2022, WHICH WAS AMAZING.
AND THEN AMONGST OTHER FINDINGS, THE DATA SHOWS THAT HIGHER EDUCATION ATTAINMENT LEADS TO HIGHER ANNUAL EARNINGS AND LOWER UNEMPLOYMENT OVER AN INDIVIDUAL'S LIFETIME, WHICH OF COURSE MAKES SENSE.
AND WITH THAT, MADAM CHAIR, THAT CONCLUDES THE REPORT AND CHAD CAN TAKE IT FROM HERE.
THANK YOU. NEXT WILL BE DAN TO PROVIDE AN UPDATE FROM THE TREASURER.
AND ONCE AGAIN, THANK YOU SO MUCH FOR COMING IN OFF YOUR RETIREMENT AND FILLING IN AS ROLE
[03:25:03]
OF TREASURER.YOU'RE WELCOME. IT'S BEEN A PLEASURE AND THIS MIGHT BE MY LAST MEETING.
I DON'T WANT TO JINX IT. ALL RIGHT.
THIS IS THE VIEW FROM SUNSHINE PEAK, THE SHORTEST OF THE FOURTEENERS IN THE STATE OF COLORADO AT 14,001FT, JUST BARELY MADE IT RIGHT DOWN IN THE SAN JUAN MOUNTAINS OF COLORADO.
I'M GOING TO HIGHLIGHT FOR YOU THE DEBT INVESTMENTS AND CASH POSITIONS OF THE UNIVERSITY AS OF THE END OF MARCH 31ST OF THIS YEAR.
WHICH BUTTON DO I PUSH? TOP GRAIN. THERE WE GO.
THERE WE GO. FIRST OF ALL, OUR TOTAL ASSETS AT THE END OF MARCH.
AGAIN, THIS IS ONE OF OUR OUR HIGH POINTS OF THE YEAR.
SEPTEMBER 30TH AND MARCH 31ST ARE SORT OF OUR HIGH POINTS.
AND WE'RE AT 3.3 BILLION IN TOTAL INVESTMENTS, WHICH IS DOWN 100 MILLION FROM A YEAR AGO.
THE RETURN FOR THE QUARTER WAS POSITIVE AT 4.39% ANNUALIZED, WHICH IS A LITTLE BIT AHEAD OF THE BENCHMARK OF 4%.
OVERALL, THE RETURN FOR THE LAST 12 MONTHS IS STILL NEGATIVE AT 3.1%.
AND AGAIN, IT'S BETTER THAN THE BENCHMARK, WHICH WAS MORE NEGATIVE AT 3.91%.
IF YOU LOOK AT THE LAST THREE YEARS, THOUGH, OUR RETURN FOR THE POOL IS 10%.
AND OVER SINCE INCEPTION, IT'S 5.43%, WHICH IS 25 YEARS.
THE PIE CHART SHOWS SORT OF THE BREAKOUT OF THE INVESTMENTS AT THAT POINT IN TIME.
WE DID HOLD QUITE A BIT IN CASH, 32% IN CASH, 22% IN FIXED INCOME, AND THEN 45% IN EQUITY.
JUST TO NOTE, AT THIS POINT, THE CASH IS HIGH, BUT WE WILL HAVE SPENT SIX, ALMOST 600 MILLION BY JUNE 30TH OF THAT CASH. WE WILL MAKE THREE PAYROLLS, WHICH IS ABOUT $150 MILLION PER PAYROLL.
AND THEN WE PAY OUR DEBT SERVICE ON JUNE.
WE PAID OUR DEBT SERVICE ON JUNE 1ST, WHICH WAS $106 MILLION.
SO IT DOES GO DOWN PRETTY FAST.
AND, YOU KNOW, FORTUNATELY, CASH AND SHORT TERM INVESTMENTS ARE AN INTERESTING INVESTMENT THESE DAYS BECAUSE WE'RE EARNING AROUND 5% ON OUR CASH.
SO WE HAVEN'T SEEN THAT IN A LONG TIME.
AND SO THE THE S&P IS UP FOR THE QUARTER SEVEN AND ONE HALF PERCENT.
AND NON US EQUITY IS UP 7.31% FOR THE QUARTER.
BONDS RETURNED POSITIVE AS WELL, ALMOST 3% FOR THE QUARTER, BUT ARE STILL DOWN FOR THE YEAR.
WE DID HEAR FROM CHAIRMAN POWELL INDICATED THAT THERE WOULD BE AN INCREASE IN JULY'S LIKELY CPI. INFLATION IS AT 4% YEAR OVER YEAR INCREASE RIGHT NOW.
AND IF I WOULD JUST GIVE YOU AN UPDATE ABOUT THE THE MARKET THROUGH LAST FRIDAY, THE S&P THIS YEAR IS UP 16% THROUGH LAST FRIDAY.
IF YOU USE THE MEDIAN, S&P, IT'S ONLY UP 2%.
AND SO WHAT'S HAPPENED IS 79% OF THE RETURNS SO FAR THIS YEAR IS FROM SEVEN STOCKS IN THE S&P 500 AND THE OTHER IS FROM THE 493 STOCKS.
SO THOSE SEVEN STOCKS ARE CURRENTLY KNOWN AS THE MAGNIFICENT SEVEN, AND THEY INCLUDE MICROSOFT, GOOGLE, AMAZON, NATEVA, TESLA AND META.
AND SO THEY'RE THE BIG DRIVERS OF WHERE WE'RE AT RIGHT NOW.
JUMPING TO DEBT FOR A SECOND DEBT IS CURRENTLY SITTING AT THE END OF MARCH, IT WAS AT 1.87 BILLION, WHICH IS DOWN FROM A HIGHER POSITION WE HAD TWO YEARS AGO AND WE PAID OFF 77 MILLION OF PRINCIPAL ON JUNE 1ST.
[03:30:09]
SO IT'S 77 MILLION LOWER THAN THAT NUMBER TODAY.I'M EXCITED TO REPORT THAT WE GOT OUR RATING FOR OUR UPCOMING TENDER OFFER.
FITCH RATED US DOUBLE A PLUS ON FRIDAY, AND MOODY RATED US YESTERDAY AT DOUBLE A ONE, WHICH IS ON.
BUT IT'S STILL GREAT TO RECEIVE THOSE KINDS OF RATINGS, WHICH ARE JUST ONE NOTCH BELOW TRIPLE-A.
WE ARE ON SCHEDULE TO DO A TENDER REFUNDING OF APPROXIMATELY $75 MILLION.
IT WILL BE SCHEDULED TO BE RELEASED TO THE MARKET ON THE 29TH OF JUNE.
AND IT WILL CLOSE AROUND JULY 17TH.
WE'RE EXPECTING TO GET ABOUT 75 MILLION IN BONDS THAT WE CAN REFUND.
AND THIS HIGH INTEREST RATE IN MARKET TO BE ABLE TO REFUND MONEY AND PULL IN SOME SAVINGS.
WE'RE EXPECTING SAVINGS TO BE AROUND $5 MILLION.
FROM THE REPORTS THAT JUST CAME OUT, WHICH I'M HAPPY TO SHARE JUST A FEW THINGS THAT THEY HIGHLIGHTED, AND I THOUGHT I WOULD JUST POINT THEM OUT TO YOU. FITCH NOTES THAT.
THERE'S HEADWINDS OF INFLATION AND PARTICULARLY LABOR INFLATION.
WE'VE BEEN ABLE TO MANAGE THOSE.
THEY ALSO NOTE THAT DURING THE PANDEMIC WE WERE ABLE TO BE FLEXIBLE AND REDUCE OUR EXPENSES.
AND SO THEY ARE INDICATING THAT'S POSITIVE ON US.
WHAT IS MEANT BY FLEX EXPENSES? OH, FLEX THAT WE THAT WE WERE REDUCED OUR BUDGET TO MATCH OUR REVENUE SO OUR EXPENSES WERE SIGNIFICANTLY ADJUSTED DOWNWARD.
GOT IT. THANK YOU. AND MOODY'S JUST MENTIONS THAT WE HAVE AN EXCELLENT BRAND.
WE HAVE A VERY STRONG STRATEGIC POSITION IN THE STATE OF COLORADO.
WE HAVE THE MEDICAL CENTER, MEDICAL EDUCATION, REALLY THE ONE OF THE ONLY IN THE STATE THAT OUR SCALE IS DIVERSE AND SUBSTANTIAL AND THAT OUR LIQUIDITY IS SIZABLE AND WE HAVE A GOOD FINANCIAL CUSHION.
SO THOSE ARE ALL POSITIVE THINGS THAT ARE IN IN THE REPORT.
YES. HAPPY TO TAKE ANY QUESTIONS? REGENT GALLEGOS. HE CAN TELL US WHY WE DON'T REACH TRIPLE A RATINGS.
I THINK I KNOW THE ANSWER, BUT IT MIGHT BE A GOOD ANSWER FOR THE REST OF THE BOARD.
IT'S, YOU KNOW, LIKE THE UNIVERSITY OF TEXAS WOULD BE A TRIPLE A ORGANIZATION, BUT THEY RECEIVE SUBSTANTIALLY MORE STATE FUNDING.
ONE IS COMPETITION, ALTHOUGH WE HAVE A LOT OF PEOPLE COMPETING, COMPETING TO COME TO SEE YOU.
IT COULD BE HIGHER AND SOME SCHOOLS ARE HIGHER.
STANFORD, MIT, THERE'S ONLY PROBABLY 20 TRIPLE A SCHOOLS IN THE COUNTRY.
SO AND IN THE REPORT, IF YOU IF YOU DIG INTO IT, THEY'LL INDICATE THINGS THAT WOULD INCREASE OUR RATING TO TRIPLE A AND MOODY'S INDICATES INCREASE OF OUR BALANCE SHEET AND RESERVES.
FITCH INDICATES INCREASE OF DEMAND FOR STUDENTS AND MATRICULATION AND ENROLLMENT DEMAND.
WELL, TYPICALLY WHEN WE SELL A BOND, WE GET 7 TO 10 BUYERS FOR EVERY BOND, WHICH MEANS WE ONLY GET ONE BUYER. WE HAVE TO PICK AND ALLOCATE.
WHEN WE DID A REFUNDING OF DEBT THE DAY AFTER TEXAS DID A DEAL, SO THEY GOT
[03:35:08]
TRIPLE A CREDIT, WE ACTUALLY SOLD OUR BONDS CHEAPER THAN THEIRS.AND PART OF THAT IS THAT TEXAS DOESN'T HAVE ANY STATE TAXES AND WE'RE DOUBLE TAX EXEMPT.
SO THERE'S A LITTLE BIT MORE INTEREST AND COMPETITION FOR A DOUBLE TAX EXEMPT DEBT.
SO WE ACTUALLY DO BETTER IN THE MARKET THAN TEXAS DOES, EVEN THOUGH THEY'RE TRIPLE A.
THAT MAKES SENSE. MADAM CHAIR.
YES, I JUST WANT TO SAY THANK YOU IN FRONT OF THIS GROUP AND WHOEVER MIGHT BE WATCHING FOR THE YOUR WILLINGNESS TO COME BACK AND AND HELP HELP US.
YOU WERE HAPPILY CLIMBING MOUNTAINS AND ENJOYING YOUR LIFE AFTER CU AND WE ASKED YOU TO COME BACK AND YOU DID SO AT AN ALMOST A MOMENT'S NOTICE AND FOR AN EXTENDED PERIOD OF TIME.
AND THAT COMMITMENT TO TO SEE YOU IS IS BEYOND BEYOND MEASURE.
AND FOR ALL OF US THAT FOR REGENT MONTEIRO AND AND MYSELF AND EVERYONE THAT WAS INVOLVED, CHAD AND AND EVERYONE YOU HELPED US IN SO MANY WAYS.
AND I JUST WANT TO THANK YOU FOR FOR THAT COMMITMENT AND FOR YOUR SERVICE TO US A SECOND TIME.
HOPEFULLY YOU WON'T HAVE TO DO IT AGAIN, BUT WE REALLY APPRECIATE IT.
GREAT. AND I WOULD SAY LET'S ALL STAND AND CLAP AND WISH YOU WELL.
IT'S VERY FUNNY YOU DO THAT BECAUSE THE FIRST CFO MEETING I WENT TO, THEY CLAPPED.
IT WAS LIKE A LITTLE COURTESY CLAP, BUT IT WAS A CLAP.
AND I SAID, THAT HAS NEVER HAPPENED IN MY ENTIRE CAREER.
OKAY. AND NOW WE WILL HEAR FROM.
IT WAS BETTER THAN A GOLF CLAP, THOUGH.
SO. SO WE'RE ON THE CONSIDERATION OF THE FISCAL YEAR 2324 BUDGET.
THAT'S BEFORE THE BOARD. IN TERMS OF ACTION TODAY, WE PREPARED A KIND OF A DESCRIPTION AND HIGH LEVEL OVERVIEW OF Q'S BUDGET THAT WE LOOK FORWARD TO SHOWING YOU SHOWING YOU IN A MOMENT. I WANT TO SAY THANK YOU TO FOLKS ON MY TEAM THAT DID AN INCREDIBLE AMOUNT OF WORK TO PUT THIS VIDEO TOGETHER, AS WELL AS THE BUDGET, INCLUDING SELENA DURAN, COREY DONALDSON, EMILY PARKER, NORA SANDOVAL, RYAN ALLRED AND STEPHANIE SHELDON.
THAT'S THAT'S THE CORE TEAM AT SYSTEM.
THANKS TO ALL THE CAMPUS BUDGET OFFICERS AND THE CFOS.
THE UNIVERSITY OF COLORADO PLAYS AN ESSENTIAL ROLE IN THE STATE.
WE CONDUCT RESEARCH THAT TRANSFORMS THE WAY WE LIVE.
WE PROVIDE HEALTH CARE THAT RAISES OUR QUALITY OF LIFE.
AND WE ARE A TOP EMPLOYER THAT GENERATES BILLIONS OF DOLLARS IN ECONOMIC ACTIVITY FOR COLORADO.
THE DRIVING FORCE BEHIND CU IS ITS PEOPLE.
THE FUEL BEHIND OUR PEOPLE IS AN ANNUAL BUDGET OF $5.9 BILLION.
BUT HOW DOES CU'S BUDGET WORK? CUZ REVENUE COMES FROM SEVERAL SOURCES STATE FUNDING, TUITION AND FEES, RESEARCH GRANTS, GIFTS AND FUNDRAISING AND AUXILIARY ACTIVITIES. THESE REVENUES FALL INTO THREE CATEGORIES.
THIS MONEY SUPPORTS FACULTY, STUDENT ADVISING, TECHNOLOGY, ADMINISTRATION AND SCHOLARSHIPS.
RESTRICTED FUNDS INCLUDE MONEY RECEIVED FROM GIFTS OR FOR RESEARCH.
THESE DOLLARS MUST BE SPENT FOR A SPECIFIC PURPOSE.
GIFTS SUPPORT THINGS LIKE STUDENT SCHOLARSHIPS OR BUILDINGS.
RESEARCH GRANTS HAVE TERMS THAT MUST BE MET.
FOR EXAMPLE, CANCER RESEARCH GRANTS CAN ONLY BE USED TO FUND CANCER RESEARCH, FACULTY AND LABS.
AUXILIARY REVENUE INCLUDES THINGS LIKE STUDENT HOUSING, BOOKSTORES, PARKING, ATHLETICS, MEDICAL CLINICS AND DINING HALLS, AND IS USED FOR THOSE SPECIFIC BUSINESS OPERATIONS. FOR EXAMPLE, STUDENT HOUSING FEES ARE USED TO MAINTAIN AND OPERATE STUDENT HOUSING.
[03:40:01]
TODAY, THAT HAS FLIPPED.STATE SUPPORT PER RESIDENT CU STUDENT HAS BEEN CUT BY 41% SINCE 2001.
WE KNOW THE STATE BUDGET IS TIGHT, BUT THE GOOD NEWS IS THAT IN RECENT YEARS, OUR SUCCESSFUL ADVOCACY AND THE SUPPORT OF COLORADO'S LEGISLATURE AND GOVERNOR HAVE RESULTED IN INCREASES IN STATE FUNDING.
COLORADO IS NOW RANKED 39TH IN THE COUNTRY FOR FUNDING IN THE MOST RECENT STATE FUNDING COMPARISON.
STATE FUNDING HELPS CU KEEP TUITION AND FEE INCREASES IN CHECK HIGHER AND RETAIN QUALITY FACULTY AND STAFF, IMPROVE STUDENT SERVICES AND MAINTAIN MODERN FACILITIES.
THE LEVEL OF STATE FUNDING FOR EACH CAMPUS VARIES.
WE CAN SEE THE DIFFERENCE WHEN WE LOOK AT THE OPERATING BUDGET FOR EACH OF THE FOUR CAMPUSES.
REMEMBER, THE OPERATING BUDGET IS MADE UP OF STATE FUNDING COMBINED WITH STUDENT TUITION AND FEES.
CU BOULDER'S OPERATING BUDGET IS THE LARGEST, BUT ONLY ABOUT 10% OF IT COMES FROM THE STATE.
CU ANSCHUTZ IS A LOT DIFFERENT BECAUSE 31% OF ITS OPERATING BUDGET COMES FROM THE STATE.
YET IT'S THE SMALLEST AT CU ANSCHUTZ.
NONRESIDENT TUITION REVENUE ACCOUNTS FOR THE MAJORITY OF OPERATING FUNDING AT CU BOULDER, BUT LESS SO AT THE OTHER THREE CAMPUSES BECAUSE STATE FUNDING AND TUITION FLUCTUATE EACH YEAR.
WE MUST BE SMART WITH OUR MONEY.
WE'VE BECOME ONE OF THE MOST EFFICIENT UNIVERSITY SYSTEMS IN THE COUNTRY.
WE IDENTIFIED OVER $372 MILLION IN EFFICIENCIES IN THE PAST FIVE YEARS.
WE HAVE CONSOLIDATED PHYSICAL SPACE, CONTINUED UTILIZING HYBRID WORK MODELS, REFINANCED BONDS AT LOWER RATES, DIGITIZE COURSE MATERIALS AND REDUCED ENERGY COSTS.
WE HAVE INCREASED FUNDRAISING EFFORTS AND RESEARCH AWARDS TO RECORD LEVELS.
ONE THING IS CERTAIN MOVING FORWARD, CU WILL REMAIN COMMITTED TO KEEPING A STRONG AND BALANCED BUDGET SO WE CAN MEET THE NEEDS OF OUR STUDENTS AND OUR STATE FOR GENERATIONS TO COME.
FOR MORE DETAILS, VISIT W-W-W.
THAT'S GREAT. SO AGAIN, A SHOUT OUT TO ALL THE FOLKS THAT PUT IN A BUNCH OF EFFORT TO GET THAT DONE.
AND I SKIPPED ONE GROUP THAT HELPED THAT.
THAT IS ACTUALLY FROM A PRODUCTION TEAM THAT IS IN THE CONTROLLER'S OFFICE AT THE SYSTEM.
SO THANKS TO THOSE FOLKS THAT CONTRIBUTED.
SO SO THIS IS ALL PUBLICLY AVAILABLE IN BOARD DOCS.
EVERYONE SHOULD ALSO HAVE A PRINTED OUT VERSION OF THE BUDGET BINDER IN FRONT OF THEM.
EACH ONE OF THOSE TABS OR THE SECTIONS THAT ARE POSTED IN BOARD DOCS.
I'M GOING TO GO THROUGH THE POWERPOINT THAT SUMMARIZES THIS INFORMATION.
SO MAKING SOME ASSUMPTIONS ABOUT WHAT THE FUTURE MIGHT LOOK LIKE AND LOOKING AT THAT BY CAMPUS.
SO LIKE THE VIDEO HAD JUST STATED, A $5.9 BILLION BUDGET HEADED INTO FISCAL YEAR 24.
OLDER IS PROJECTING AN INCREASE OF AROUND HALF A PERCENT.
UCS IS NEARLY FLAT, JUST DOWN A 10TH OF A PERCENT IN AND SHOOTS UP 2.1%.
AND THEN THOSE CONTINUED INVESTMENTS THAT WE'VE TALKED ABOUT THROUGHOUT THIS BUDGET PROCESS, INCLUDING SALARY INCREASES FOR OUR FACULTY AND STAFF, INCREASES IN INSTITUTIONAL FINANCIAL AID, CONTRIBUTIONS FOR DEFERRED MAINTENANCE, AND THEN THE SPECIFIC CAMPUS BUDGET INITIATIVES.
JUST A REMINDER OF STATE FUNDING.
WE ARE GRATEFUL TO THE STATE FOR THE 11% OVER AN 11% INCREASE IN STATE FUNDING THAT HELPED US KEEP TUITION IN CHECK AND THEN ALSO AFFORD TO DO RIGHT BY OUR FACULTY AND STAFF WITH COMPENSATION INCREASES HELPED US KEEP THAT TUITION WHICH THE BOARD APPROVED IN APRIL.
AND THEN ALSO THAT FINANCIAL AID INCREASE THAT YOU SEE AT THE BOTTOM THERE.
REMINDER OF CAPITAL CONSTRUCTION THE BOARD JUST APPROVED YESTERDAY ON THE CONSENT AGENDA.
A NUMBER OF ITEMS FOR THE FISCAL YEAR 25 STATE FUNDING CYCLE.
NOTE THAT LAST YEAR'S INFLATION WAS 8%.
THE STATE'S BUDGET GREW BY OVER 6%, HEADED INTO FISCAL YEAR 24.
AND THEN YOU CAN SEE THE VARIANCE BY CAMPUS AND SYSTEM.
[03:45:07]
ARE THE CHANGES IN BUDGET THERE.SO A TOTAL BUDGET OF $1.9 BILLION IN THE BUDGET.
WHEN WE LOOK AT HISTORICAL ENROLLMENT OVER TIME, KIND OF TWO THINGS GOING ON HERE.
THAT HIGH POINT WAS A FEW YEARS BACK, SEVEN YEARS AT UCS AND SIX AT DENVER.
AND WE'RE GOING TO GET TO DETAILED SECTION WHEN WE GET TO CAMPUSES.
THEY'RE WORKING ON AN ENROLLMENT MANAGEMENT PLAN THAT I'LL TALK ABOUT IN A MINUTE.
AND THEN CU, DENVER'S PROJECTING SOME SOME DECLINES, WHICH WE'LL DISCUSS IN A MOMENT.
SO WHERE IS THE MONEY COMING FROM FOR FISCAL FOR FISCAL YEAR 24 BUDGET? ABOUT A QUARTER OF IT IS COMING FROM REVENUES ASSOCIATED WITH HEALTH SERVICES.
AND THAT'S THAT'S KIND OF FROM THE 9:00 TO 12:00 ON THAT DIAL.
RIGHT, 5.8% OF OUR BUDGET IS FROM THE STATE.
SO WHERE DO WE SPEND THOSE REVENUES THAT COME IN? WE GENERALLY HAVE KIND OF A THREE PRONGED MISSION AT KOU.
WE PROVIDE HEALTH CARE, WE CONDUCT RESEARCH, AND WE EDUCATE STUDENTS.
AND THAT ALIGNS WITH WHERE WE'RE SPENDING OUR DOLLARS HERE.
AND THEN THE OTHER BIG COMPONENTS THERE ARE THAT HEALTH SERVICES.
SO THAT'S THAT'S CLINICAL CARE.
AND WE WE LOOKED AT THOSE IN TANDEM WITH JUST TUITION AND FEES.
AND HERE WE CAN SEE WHERE Q IS RELATIVE TO OTHER GOVERNING BOARDS IN THE STATE.
AND YOU CAN SEE THAT WE'RE GENERALLY IN THE MIX.
WE'RE NOT THE HIGHEST. WE'RE NOT THE LOWEST, BUT BUT WE'RE RIGHT IN THE MIDDLE THERE.
SO NOW MOVING ON TO THE BOLDER SECTION, LOOKING INTO ENROLLMENT NEXT YEAR.
THIS IS DIFFERENT THAN WHAT WE HAD SHARED WITH THE BOARD IN APRIL, WHAT THE CAMPUS HAD SHARED.
SO THEREFORE THEY IN APRIL WERE FORECASTING A DECLINE OF ABOUT ONE POINT OR PARDON ME, 0.7%.
SO THIS IS A CHANGE OF AROUND 1.2% COMPARED TO APRIL.
GRADUATE STUDENTS IS A LITTLE BIT SOFTER JUST BECAUSE OF A GRADUATING COHORT EFFECT IN TERMS OF EXPENSES THAT THEY HAVE TIED TO A SPECIFIC BUDGET INITIATIVES, INSTITUTIONAL FINANCIAL AID, THE CHANCELLOR'S DIVERSITY INITIATIVE INCREASES IN MINIMUM WAGE FOR STAFF AND STUDENTS, AND THEN THAT TARGETED FACULTY INCREASES, WHICH WHICH OF COURSE IS CRITICAL, ESPECIALLY IF YOU TIE THAT IN WITH A CONVERSATION WE HAD EARLIER THIS MORNING, AND THEN USING THE CAMPUSES BUDGET MODEL TO INVEST IN DIFFERENT DEPARTMENTS THAT ARE EXPERIENCING GROWTH OR ACADEMIC SUCCESS.
YOU CAN SEE ABOUT HALF OF THE BUDGET AT BOULDER IS THE ING OF THE OPERATING SIDE, AND AT BOULDER, AROUND 5% OF THEIR TOTAL BUDGET IS COMING FROM THE STATE, WHICH IS THAT BROKEN OUT PIE PIECE.
WHEN WE DRILL DOWN AND LOOK AT THE GRAY SEGMENT SPECIFICALLY, THIS IS THE ING BUDGET AND CONSISTENT WITH WHAT THE VIDEO HAS SHARED WITH US EARLIER, ABOUT HALF OR OVER HALF OF THE REVENUE COMING IN FOR THE OPERATING BUDGET IS FROM NON RESIDENT STUDENTS.
SO IF WE'RE JUST LOOKING AT UNDERGRADUATE STUDENTS AT BOULDER, AGAIN, CONSISTENT WITH THE PRIOR SLIDE INCREASES IN NEW STUDENTS, TRANSFER STUDENTS AND CONTINUING STUDENTS. SO THOSE ARE ALL POSITIVE SIGNALS IN TERMS OF ENROLLMENT AT THE CAMPUS.
ON THE GRADUATE SIDE, WE NOTED THAT THEY HAD A LARGER, LARGER COHORT ON THE GRADUATE STUDENT SIDE THAT HAD COME IN IN A PREVIOUS YEAR THAT'S GRADUATING OFF, WHICH IS WHY THAT GOLD SEGMENT IS A LITTLE BIT LOWER.
BUT THE INCOMING COHORT OF STUDENTS ON THE GRADUATE SIDE IS INCREASING.
SO THEN WE TRANSITIONED INTO WHAT WE'RE PROJECTING FOR THE FIVE YEAR BUDGETS HERE.
[03:50:01]
BOULDER. BOULDER IS PROJECTING CONSISTENT, STEADY GROWTH, AND THAT'S ACROSS ALL STUDENT TYPES HERE.WE ALSO ADD IT TO SOME CONSERVATIVE BUDGET ASSUMPTIONS IN TERMS OF WHAT WE MIGHT ASSUME FOR STATE FUNDING INCREASES OR TUITION RATE CHANGES AROUND INFLATION AND HISTORICAL INCREASES IN HIGHER ED AROUND 5%.
AT THE TOP LEFT HAND SECTION, YOU'LL SEE THAT THERE'S AROUND 4% FOR COMP RECALL THAT AS WE'VE GONE THROUGH THIS BUDGET CYCLE, WE TALKED ABOUT HOW BOULDER HAD A PLAN TO DO A 4% PLUS 4% OVER TWO YEARS TO TO KIND OF MATCH WITH WHAT WAS HAPPENING ON THE CLASSIFIED SIDE, WHICH WAS 5% PLUS 3% OVER TWO YEARS.
AND SO THEY'RE DEMONSTRATING THAT HERE IN FISCAL YEAR 25.
AND IF YOU LOOK AT THE BOTTOM, IT INDICATES THAT THE CAMPUS HAS BALANCED THEIR BUDGET AT THIS LEVEL.
NOW, WILL THIS EXACTLY BE HOW THE CAMPUS PRESENTS ITS BUDGET IN ANY ONE OF THESE GIVEN YEARS? NO, BUT THIS IS A REASONABLE PROJECTION TO SHOW THAT THAT STRUCTURALLY THIS IS WHERE THEY'RE HEADED.
THIS IS THE DECLINE OF AROUND 2.7%.
YOU'LL SEE DECLINES IN BOTH THE UNDERGRADUATE AND GRADUATE SIDE FOR STUDENTS.
THERE'S A NUMBER OF REASONS FOR THAT THAT ARE SOME OF THOSE ARE ARTICULATED ON THIS SLIDE.
THEY INVESTED IN THEIR STAFF AND FACULTY BY PROVIDING A COMPENSATION INCREASE.
AND THEN THEY'RE BALANCING THEIR BUDGET.
WHEN WE LOOK AT THEIR TOTAL BUDGET AT DENVER, IT'S A LITTLE BIT DIFFERENT PICTURE THAN BOULDER, WHERE THE LARGER PERCENTAGE SHARE OF THEIR OPERATIONS ARE TIED TO THAT OPERATING COMPONENT OF THEIR MISSION.
AND WHEN WE LOOK AT HOW THAT'S FINANCED, WE CAN SEE THAT THE BIGGEST PAYER IS RESIDENT TUITION.
AT ABOUT A QUARTER OF THE FUNDING ON THE OPERATING BUDGET COMES FROM THE STATE.
THIS IS THIS ENROLLMENT PICTURE.
YOU CAN SEE THAT THERE'S POSITIVE THERE.
AND THEN OVERALL, A SIMILAR TRAJECTORY ON ON THE GRADUATE SIDE.
WHEN WE FORECAST OUT OVER THIS FIVE YEAR PERIOD SIMILAR PROJECTIONS WHERE ON THE NON FOR NON RESIDENT STUDENTS, WHICH ARE THE SECOND AND FOURTH LINE, IT TENDS TO BE MORE FLAT BUT A LITTLE BIT STEEPER DECLINE ON THE RESIDENT SIDE.
SO THE HOPE IS THAT THAT KIND OF THAT TREND, THE DECELERATION SLOWS, IT SLOWS DOWN.
THAT MAY HAVE BEEN A DOUBLE NEGATIVE.
I DON'T KNOW. BUT THE HOPE IS THAT THAT SLOWS DOWN.
AND THERE IS SOME BALANCING THAT THE CAMPUS IS GOING TO HAVE TO CONSIDER.
THEY'RE DOING A LOT ON THE ON THE STAFF STAFFING SIDE IN FISCAL YEAR 24.
AND OF COURSE, WHEN WE GET TO THOSE YEARS, WE'LL REFINE THOSE AS NEEDED AT THE SPRINGS CAMPUS AND IMPROVED PICTURE ON ENROLLMENT, ROUGHLY FLAT UNDERGRADUATES DOWN INCREASES ON THE GRADUATE SIDE.
INTERNATIONAL POPULATION IS STRONG.
IN TERMS OF BALANCING THEIR BUDGET.
THEY'RE DEALING WITH VERY SIMILAR CHALLENGES TO DENVER AND THEY'RE ENGAGING IN THE PROCESS OF TRYING TO EVALUATE NOT ONLY HOW ARE THEY SO THEY BALANCED IN FISCAL YEAR 24, BUT HOW ARE THEY GOING TO MAKE THOSE STRUCTURAL CHANGES IN THE ONGOING BASIS IN THE OUT YEARS.
SIMILAR PICTURE TO DENVER HERE AT SPRINGS, I, AS I'VE TALKED, SHARED WITH THE BOARD BEFORE, SIMILAR DNA IN TERMS OF THEIR BUSINESS MODELS WHERE SIMILAR PAYERS AND KIND OF STRUCTURE THEIR SAME THING AS DENVER AT THE SPRINGS CAMPUS WHERE YOU SEE RESIDENT TUITION IS THE BIGGEST PAYER IN ABOUT A LITTLE OVER A QUARTER OF THE BUDGET FROM THE STATE.
[03:55:01]
AND WHEN WE LOOK AT ENROLLMENT HEADED INTO NEXT YEAR, WE CAN GET TO THIS LINE.SO THERE'S SOME THERE'S SOME HIGHLIGHTS ON THIS PAGE.
AND WHAT I WOULD WHAT I WOULD SUBMIT IS THAT BOTH THE TRANSFER LINE, WHICH ARE TRANSFER SEGMENT, WHICH IS THE GRAY PART AND THE BLUE PART, WHICH ARE THE NEW STUDENTS, THAT ALL BODES WELL FOR FUTURE SUCCESS BECAUSE IF WE CAN RETAIN THOSE STUDENTS, THAT WILL IMPROVE THAT GOLD SEGMENT.
AND THEN IT'S KIND OF GROWING, GROWING THE STACK CHART OVER TIME.
SO THERE'S THERE'S A GOOD OPPORTUNITY, ESPECIALLY AS YOU CONSIDER WHERE THE CAMPUS HAS BEEN IN THE LAST SEVERAL YEARS AND KIND OF THE THE WE MAYBE WE'RE AT THE BOTTOM OF THE BOTTOM OF THE DECLINE AND THERE'S GOING TO BE A TURNAROUND HERE SIMILAR ON THE GRADUATE SIDE, THAT'S A SIGNIFICANT INCOMING COHORT OF GRADUATE STUDENTS.
THE BLUE SEGMENT THERE, I'D MENTIONED THAT THEY FORECASTED FLAT FOR THIS.
NOW ASSUMING FLAT ENROLLMENT, THE REVENUE PICTURE HERE IS BETWEEN 3 AND 4%.
AND THE CAMPUS WOULD WOULD HAVE THIS TYPE OF A BUDGET BALANCE.
AND I HAVE A COLUMN HERE WE'RE GOING TO HAVE TO FIX THERE.
BUT YOU CAN SEE THAT THEY'RE THEY'RE IN FISCAL YEAR 26.
THERE'S A REDUCTION IN THEIR OPERATING BUDGET.
AND THEN AT THE BOTTOM ROW THERE, THERE'S A TRANSFER LINE.
BUT IT ALSO SHOWS PRUDENT BUDGETING IN TERMS OF PAYING INTO THE RESERVE IN FISCAL YEAR 26, IN THE OUT YEARS AT THE ANSCHUTZ MEDICAL CAMPUS, 2.1% INCREASE CONTINUED STRONG ENROLLMENT GROWTH.
ON THE UNDERGRADUATE SIDE, SOME SOFTER SPOTS ON THE GRADUATE SIDE CONTINUED, ESPECIALLY ON THE PHARMACY AND THEN IN PUBLIC HEALTH AS A RESULT OF GRADUATING COHORTS. WE TALKED ABOUT WHERE THE CAMPUS IS INVESTING ALONG THE WAY AT THE FEBRUARY AND APRIL MEETING.
AND THIS PICTURE IS TOTALLY DIFFERENT THAN THE OTHER CAMPUSES.
AND THAT'S THAT BIGGEST COMPONENT OF THAT GOLD CHART THAT'S IN FRONT OF YOU.
WHEN WE LOOK AT JUST THE GRAY SEGMENT, WHICH IS THE ING BUDGET, THIS IS THIS IS THIS THING THAT DOESN'T ALWAYS SEEM INTUITIVE, BUT OVER 30% OF ANSCHUTZ'S BUDGET IS FROM STATE FUNDING.
SO ONE OF THE THINGS THAT WE LOOK AT AND IT'S KIND OF LIKE ENROLLMENT AT THE UNDERGRADUATE INSTITUTIONS IS THE NUMBER OF PATIENTS SERVED BECAUSE THIS IS AN INDICATOR THAT TIES INTO THAT AUXILIARY REVENUE THAT WAS IN THAT GOLD PIE CHART EARLIER.
THE DATA THERE ON THE LEFT HAND ON THE RIGHT HAND SIDE, PARDON ME, THAT 666,000 COLORADANS, THAT'S 140,000 COLORADO RESIDENT INCREASE COMPARED TO THE VERY BEGINNING OF THAT TIME FRAME.
AND THAT 666,000 IS JUST 11 MONTHS OF DATA.
SO THIS IS SIGNIFICANT INCREASE IMPACTING PEOPLE'S LIVES AT THE CAMPUS.
AND WE SEE GROWTH ON THE INCOMING GRADUATE COHORT AND A LITTLE BIT OF DECLINE ON CONTINUING STUDENTS IN THE GRADUATE SIDE, THEIR REVENUE PICTURE IN THE OUT YEARS AROUND 4% GROWTH AND THEN THEY SHOW HOW THEY'RE BALANCING HERE AND THEN WE SHIFT OVER TO THE SYSTEM BUDGET.
SO THAT'S THINGS LIKE EMPLOYEE SERVICES, PROCUREMENT, LEGAL BUDGET AND FINANCE.
THAT GOLD SEGMENT THERE INCLUDES THINGS LIKE TREASURY INVESTMENT REVENUES TO INVEST IN PROGRAM ACROSS ACROSS THE SYSTEM, AS WELL AS THE RISK MANAGEMENT INSURANCE FUND AND RISK MANAGEMENT.
AND THAT BLUE SEGMENT COVERS SYSTEM ADVANCEMENT AND THE RESTRICTED SIDE.
THE BIGGEST COMPONENT PART OF THIS IS US.
AROUND 40% OF OF SYSTEM IS US.
THE OTHER BIG ONES, LIKE I MENTIONED EARLIER, UNIVERSITY COUNCIL PROCUREMENT, EMPLOYEE SERVICES, THAT GOLD SEGMENTS, EVERYTHING ELSE PICTURE ANYBODY ELSE THAT YOU COULD THINK OF IT SYSTEM THAT WOULDN'T FIT IN THAT IN THAT BUCKET THE BOARD OFFICE INTERNAL AUDIT TREASURY COMPTROLLER'S OFFICE THAT'S WHAT THAT'S WHAT THAT GOLD SEGMENT COMPRISES.
[04:00:09]
SO THAT THAT'S THE BUDGET AND LOOKING AT IT THROUGH THOSE DIFFERENT LENSES.SO WHAT DO WE HAVE LOOKING AHEAD AS WE GET INTO FISCAL YEAR 24? WE WILL HAVE OUR SNAPSHOT IN SEPTEMBER, WHICH IS AROUND THE TIME OF FALL CENSUS.
THAT WILL GIVE US INDICATORS OF HOW CLOSE WE ARE TO BUDGET.
ARE WE OVER BUDGET UNDER BUDGET AND WHAT DO WE NEED TO DO TO RESPOND TO THAT? AND MAYBE WE'RE SPOT ON.
WE'LL SEE. AND THEN IN NOVEMBER, WE'LL TALK ABOUT OUR UNRESTRICTED NET POSITION IN DIFFERENT COMPONENTS OF THAT AND WE'LL MOVE ON TO THE FISCAL YEAR 25 BUDGET CYCLE WHERE WE DO SCENARIO PLANNING IN FEBRUARY, WHERE WE PRESENT BOARD RESOLUTIONS FOR TUITION FEES AND COMPENSATION IN APRIL AND THEN FINAL CONSIDERATION OF A BUDGET IN JUNE. AND WITH THAT, I AM DONE AND HAPPY TO TAKE ANY QUESTIONS.
AND I JUST WANTED TO MENTION ONE IMPORTANT THING, BECAUSE WHAT YOU SAW IN THE IN THE CHARTS AND THE THE GRAPHS IS A HIGH POINT FOR CU DENVER AND UCS AS BEING A FEW YEARS AGO THAT MATCHES THE DEMOGRAPHIC TREND OF GRADUATES IN COLORADO.
AND BECAUSE CU, DENVER AND UCS ARE MORE RELIANT ON IN-STATE RESIDENT STUDENTS, THAT IMPACTS THEM AT A LARGER RATE THAN THAN THE OTHER TWO CAMPUSES.
SO I JUST THOUGHT I WOULD MENTION THAT FOR FOLKS.
WE HAD A PRESENTATION ON THIS LAST YEAR AT OUR RETREAT, LAST SUMMER'S RETREAT, WHICH TALKED ABOUT DEMOGRAPHIC TRENDS WHICH NOT EVERYONE GOT TO PARTICIPATE IN THAT'S CURRENTLY ON THE BOARD.
SO I THOUGHT IT WAS IMPORTANT TO MENTION THAT THAT TREND IS FOLLOWING THE DEMOGRAPHIC TREND.
THANK YOU, CHAD. I HAVE SOME WHEN WE GET TO QUESTIONS, I HAVE SOME QUESTIONS.
OKAY. DO YOU WANT TO DO YOU WANT TO RUN THIS OR DO YOU WANT ME TO? PLEASE. OKAY.
YOU AND I TALKED ABOUT SOME OF THE QUESTIONS THAT I'M GOING TO ASK WHEN WE MET ON MONDAY.
APPRECIATE YOUR TIME AND YOUR ANSWERS.
I THINK THE THE DIFFERENCE BETWEEN A 5.5 BUDGET AND A 5.9 BUDGET, WHERE DID OUR BUDGET GO UP THIS YEAR? THAT SO IF YOU JUST IN A MINUTE OR TWO TELL US.
YOU BET. SO THAT'S A GREAT QUESTION.
THAT 5.9 BILLION IS THE TOTAL BUDGET.
SO THAT'S THE. RADIO AUXILIARY AND RESTRICTED.
ONE IS STATE FUNDING INCREASE OVER 11%.
WHILE IT'S A SMALL SEGMENT, IT'S A SIGNIFICANT PIECE OF GROWTH.
SO THAT'S FEDERAL RESEARCH, SIGNIFICANT GROWTH THERE, HEALTH SERVICES.
I KNOW THAT IN OUR TABLETOP EXERCISES WE WERE LEARNING ABOUT LOCAL COMMUNITY PARTNERSHIPS.
ONE OF THOSE THINGS WAS THE THE CENTER OF SPORTS MANAGEMENT AT UCS.
AND THEN THE FINAL PIECE WOULD BE AUXILIARY ACTIVITIES.
SO HOUSING, DINING, PARKING, THOSE THINGS ARE PROJECTED TO GROW AS WELL.
OUR OUR BUDGET WHEN I STARTED TEN YEARS AGO WAS ABOUT $3 MILLION $3 MILLION AND NOW IT'S 5.9.
AND MOST MOST OF THAT GAIN HAS BEEN IN RESEARCH AND AND IN IN HEALTH SERVICES.
WOULD YOU SAY THAT THAT'S CORRECT? THAT'S CORRECT, YES.
YEAH. WHEN WE TALK ABOUT HEALTH SERVICES, WE TALK A LOT ABOUT MENTAL HEALTH.
I KNOW THAT EACH YEAR WE ON EACH CAMPUS, WE ADD MENTAL HEALTH KINDS OF THINGS, BUT THAT'S TURNED INTO A LARGER EXPENDITURE FOR US RIGHT AS WE MOVE FORWARD, WHERE WOULD WE SEE THAT NUMBER AND AND WHERE WOULD WHAT WOULD THE INCREASE BE FROM LAST YEAR? CERTAINLY. SO THAT WOULD BE INTEGRATED INTO DIFFERENT EXPENSE CATEGORIES.
BUT TYING IT BACK TO WHAT? A COUPLE OF THINGS THAT THE BOARD CONSIDERED AT THE APRIL BOARD MEETING.
AT TWO OF THE FOUR CAMPUSES, THERE WERE FEES SPECIFICALLY TIED TO MENTAL HEALTH.
AND SO YOU WOULD SEE THAT INTEGRATED ACROSS WHATEVER UNIT THAT THAT MENTAL HEALTH WAS EMBEDDED IN.
SO IT WOULD BE KIND OF EMBEDDED IN OPERATING AND SALARY IN THE BUDGET THAT YOU'RE LOOKING AT.
BUT IT'S DIRECTLY TIED BACK TO THE BOARD ACTION IN APRIL TO INVEST IN THAT.
AND I BELIEVE IT WAS AT THE UCS CAMPUS AND BOULDER.
BUT I'M GOING TO GET THE OTHER I KNOW UCS FOR SURE.
I'LL HAVE TO DOUBLE CHECK, BUT SPECIFIC FEE INCREASES TO TIE TO THAT THAT THE BOARD SUPPORTED.
[04:05:05]
I APPRECIATE THAT. MY NEXT TWO QUESTIONS HAVE TO DO WITH ENROLLMENTS AND I DON'T DISPUTE WHAT NORBERT TALKED ABOUT IN TERMS OF THE TRENDS THAT ARE SHOWING.BUT MY CONCERN AND HAS BEEN FOR A NUMBER OF YEARS IS HOW ENROLLMENT HAS DROPPED.
AND AT DENVER AND WE'RE SHOWING THAT IT'S GOING TO CONTINUE TO DROP THIS YEAR AND UCS NOT AS BAD IN TERMS OF OF BUT WE GET MOST OF OUR MONEY FROM.
TUITIONS. AND I KNOW THAT EVERY YEAR WE DROP.
AND ONE OF THE THINGS WE DO IS WE BALANCE OUR BUDGET.
BUT AS WE BALANCE OUR BUDGET, IT'S ON THE IT'S ITS SERVICES, ITS PROGRAM AND ITS PEOPLE.
AND I THINK AS A BOARD, WE NEED TO WORRY ABOUT WE'LL SEE HOW YOU CCS COMES IN.
BUT IF DENVER DOESN'T START TO SHOW AN UPTURN, THEN I'M NOT TALKING ABOUT IT.
WE'RE GOING TO NEED TO DO SOMETHING ABOUT THAT.
IN TERMS OF MAKING SOME DECISIONS, I DON'T KNOW WHAT KIND OF DECISIONS.
I KNOW EVERYBODY'S WORKING HARD IN ORDER TO INCREASE THAT ENROLLMENT, BUT BUT I THINK IT'S SOMETHING THAT WE NEED TO TO LOOK CLEARLY AT IN TERMS OF THE NUMBER OF STUDENTS THAT WERE LACKING.
AND AS I SAID, MOST OF OUR DOLLARS COME IN FROM TUITION.
SO AGAIN, A BIG RED FLAG WITH THAT.
AND I THINK YOUR YOUR DATA SHOWS THAT ALL THE WAY THROUGH.
AND THE LAST THING THAT I WOULD WOULD TALK ABOUT IS THAT OUR TUITION AND FEES, ESPECIALLY AS WE'RE STRUGGLING TO GET STUDENTS LIKE EVERY OTHER COLLEGE IN COLORADO, IS OUR ENROLLMENTS ARE ARE A LITTLE BIT WORRISOME AND WE'RE HAVING TO DO MORE TO GET STUDENTS.
I THINK IT'S REALLY IMPORTANT THAT WE ARE ABLE TO SHOW OUR BOTTOM LINE SPENDING TO OUR STUDENTS AND PARENTS THAT ARE COMING, WHAT WE'RE CHARGING FOR TUITION AND WHAT WE'RE CHARGING FOR FEES.
AND I REALLY DON'T SEE A RED FLAG RIGHT NOW, BUT WE REALLY NEED TO MAKE SURE THAT WE'RE CLEAR ABOUT THAT AND THAT WHAT OUR TUITIONS ARE, THAT WE'RE NOT INCREASING OUR FEES AS A RESULT OF THAT, ESPECIALLY WITH US STRUGGLING FOR ENROLLMENTS AT THIS POINT.
SO I APPRECIATE ALL YOUR WORK.
I APPRECIATE OUR MEETING THE OTHER DAY.
AND, YOU KNOW, YOU GO THROUGH THIS OPERATING BUDGET, THAT'S WHAT WE'RE GOING TO LIVE WITH THIS YEAR.
THAT'S HOW IMPORTANT THIS BUDGET IS.
THANK YOU. AND I THINK REGENT MONTOYA HAD SOMETHING TO SAY.
AND I REALLY APPRECIATE WHAT YOU DO FOR US AND YOUR ENTIRE TEAM.
SO IF WE'RE DOWN A POINT, WHAT DOES THAT MEAN FINANCIALLY TO THAT CAMPUS? IF WE'RE UP A POINT, WHAT DOES THAT MEAN? BECAUSE THAT'S A PRETTY SIMPLE WAY TO TAKE A LOOK AT WHERE WE ARE FROM A BLOOD PRESSURE STANDPOINT AROUND OUR CAMPUSES.
AND IT MIGHT IT MIGHT KEEP US A LITTLE BIT MORE FOCUSED TO REGENT GALLEGOS POINT ON ON ON ENROLLMENT, BECAUSE WITHOUT IT, WE'RE CONSTANTLY STRUGGLING TO CUT OTHER PROGRAMS. AND THAT'S SOMETHING I'D REALLY LIKE TO AVOID IF WE CAN, BUT THAT MIGHT HELP US UNDERSTAND THAT SPECIFICALLY.
WE HAVE THAT INFORMATION AND HAPPY TO SHARE IT WITH THE BOARD AND WE CAN EVEN INTEGRATE IT INTO THE SEPTEMBER UPDATE IN TERMS OF WHERE WE ARE WITH ENROLLMENT, WHAT THAT MEANS IN TERMS OF BEING UP OR DOWN, IN TERMS OF DOLLARS TIED TO THE STUDENTS.
AND I THINK AT UCCS IN DENVER, IT'S GENERALLY ABOUT $1 MILLION PER PERCENTAGE POINT.
IS THAT CORRECT OR IS THAT NOT RIGHT? IT MIGHT BE PERCENTAGE POINT OF RETENTION.
I'VE SEEN THAT INFORMATION, THOUGH.
WELL, I JUST WANT TO MENTION WE'RE HEARING SOME KNOCKING THAT'S.
THEY'RE DOING SOME WORK ON THE BANK DOWNSTAIRS.
BUT YOU BROUGHT YOU SHOWED THE CAPITAL CONSTRUCTION BUDGET OR.
AND ONE THING THAT'S SO EXCITING IS HELLAMS, WHICH IS JUST RIGHT NEXT DOOR.
WE HAVE BEEN ASKING FOR FUNDING FOR THAT FOREVER.
[04:10:10]
LONGER IN FRONT OF HELLAMS BECAUSE THEY'VE CLEARED THEM ALL OUT TO GET READY TO DO THE CONSTRUCTION.SO IT'S REALLY EXCITING THAT THIS HAS GOTTEN FUNDED.
SO THANK YOU AND THANK YOU TO HEATHER RETSUKO FOR HER AWESOME LOVING HELPING TO MAKE THAT HAPPEN.
OKAY. WITH THAT, I BELIEVE WE CAN VOTE FOR APPROVING THE 20 2324 OPERATING BUDGET.
IS THERE A MOTION TO APPROVE THE OPERATING BUDGET SO MOVED BY REGENT CHAVEZ AND SECONDED BY REGENT RENNISON.
I ASSUME THERE'S NO DISCUSSION AT THIS POINT.
GREAT. ARE THERE ANY NAYS? EXCELLENT. SO WE HAVE JUST PASSED OUR NEXT YEAR'S OPERATING BUDGET.
BUT WE SPENT IT WELL. KEN TAKES A WHOLE YEAR.
THAT'S RIGHT. I JUST WANT TO MAKE SURE.
ALL RIGHT. SO WE'VE GOT A COUPLE MORE THINGS COMING UP.
FIRST OF ALL, WE REMOVED AN ITEM FROM THE CONSENT AGENDA AND WE ARE GOING TO VOTE ON THAT NOW.
SO THE FIRST ACTION ITEM IS AWARDS OF TENURE AT CU BOULDER.
[O. 12:00 p.m. BOARD OF REGENTS DISCUSSION AND ACTION ITEMS]
IS THERE A MOTION TO APPROVE APPROVE THE AWARDS OF TENURE TENURE LISTED IN THE ATTACHMENT TO THIS ACTION ITEM AS SET FORTH IN BOARD DOCS SO MOVED MOVED BY ALANNA SPIEGEL AND SECONDED BY NOLBERT CHAVEZ.ONLY A POINT IN PROCESS IS IT WITH OUR CONSENT AGENDA IS THAT WE AS A BOARD NEED TO GET THAT INFORMATION WHEN WE'RE GOING TO DEAL WITH IT AND NOT NOT HAVE THE INFORMATION AND HAVE TO PUT IT ON A DIFFERENT AGENDA.
SO THAT'S JUST A POINT OF PROCESS.
OKAY. WELL, ANYWAYS, IS THERE ANY DISCUSSION BEFORE WE VOTE ON THIS? YES. REGENT VAN DRIEL.
MADAM CHAIR, I JUST WANTED TO SAY I PULLED THIS FROM CONSENT AGENDA BECAUSE I WAS UNSATISFIED WITH THE AMOUNT OF TIME I HAD REVIEWED ON IT, AND SO I AM ABSTAINING AS A RESULT. OKAY.
WITH THAT, I'M GOING TO ASK YOU TO DO A ROLL CALL, PLEASE.
REGENT. GALLEGOS? YES. REGENT JAMES? YES. REGENT MCNULTY.
REGENT VAN DRIEL ABSTAINING AND CHAIR SMITH.
THE TENURE FOR PROFESSORS AT UC BOULDER HAS PASSED EIGHT WITH ONE ABSTENTION.
YES, PRESIDENT SOLOMON, THANK YOU.
AND JUST JUST REALLY BRIEFLY, SO I APPRECIATE REGENT VAN DRIEL BRINGING UP HIS CONCERN ABOUT TIME AND AND AND VICE PRESIDENT LEITNER AND I TALKED ABOUT THAT AND AND IN THE FUTURE WE'LL MAKE SURE THE BOARD HAS A BIT MORE TIME TO TO GO THROUGH THOSE CASES.
GREAT. SO OUR LAST TWO ACTION ITEMS BEFORE WE ADJOURN THE PUBLIC SESSION AND GO INTO ANOTHER EXEC SESSION IS THE ELECTION OF OUR CHAIR AND VICE CHAIR.
SO BEFORE WE PROCEED, I'D LIKE TO GO OVER A FEW DETAILS.
AS IS OUR TRADITION, I WILL CALL FOR NOMINATIONS FOR THE POSITIONS OF CHAIR AND VICE CHAIR.
EACH REGION IS FREE TO VOTE FOR ANY ELIGIBLE PERSON, WHETHER NOMINATED OR NOT.
BUT IT IS OUR TRADITION TO CALL FOR NOMINATIONS.
[04:15:03]
OR ABSTENTIONS.ARE THERE ANY QUESTIONS ON THIS? OKAY. I THINK I'M JUST GOING TO MOVE INTO THE NOMINATIONS HERE.
SO WE WILL TAKE NOMINATIONS FROM THE FLOOR FOR FIRST FOR CHAIR AND THEN WE'LL SEE WHERE WE GO FROM THERE. SO NOMINATIONS FOR CHAIR? I WOULD. YES, PLEASE.
KELLY'S BEEN A THREE YEAR REGENT.
SHE UNDERSTANDS HIGHER EDUCATION FROM THE WORK THAT SHE'S DONE OVER.
I THINK SHE REALLY UNDERSTANDS IT WELL.
WE'VE SEEN THAT SHE'S A HARD WORKER, ATTENDS ALL MEETINGS, HAS REALLY DONE A GOOD JOB WITH THE UNIVERSITY AFFAIRS COMMITTEE, AND I DON'T KNOW THAT SHE'S MISSED ANY OUTREACH TRIPS TO THE TO THE STATE OF COLORADO.
I THINK SHE'S DONE A REALLY GOOD JOB WITH THAT.
SHE'S WELL REGARDED AND RESPECTED BY THIS ENTIRE BOARD, I'M SURE.
AND, YOU KNOW, I THINK THAT WE'RE AT A POINT IN TIME WHERE THIS BOARD REALLY NEEDS SOME CONSISTENCY.
WE'VE HAD TWO ONE YEAR CHAIRS WHO HAVE DONE A REALLY REMARKABLE JOB.
BUT I THINK WE NEED TO LOOK AS A BOARD AT AT REALLY SOLVING SOME OF OUR ISSUES.
AND I THINK KELLY CAN BRING US IN THAT DIRECTION.
SO I'M PROUD TO NOMINATE KELLY RENNISON.
AND IS THERE A SECOND? I'D LIKE TO SECOND THE NOMINATION OF REGENT RENNISON FOR MANY OF THE REASONS THAT REGENT GALLEGOS SAID.
AND I THINK IT'S A GREAT TIME FOR REGENT RENNISON TO ASSUME THE CHAIR.
EXCELLENT. ARE THERE ANY OTHER NOMINATIONS FROM THE FLOOR? HEARING NONE. I WOULD MOVE THAT WE CLOSE NOMINATIONS.
AND I WOULD SAY, LET'S JUST VOTE FOR AFFIRMATION.
SO EVERYONE THAT IS IN FAVOR OF REGENT RENNISON BEING CHAIR, LET'S SAY I, I AND I'M HEARING NO NAYS, RIGHT? EXCELLENT.
I JUST WANT TO SAY THANK YOU TO EVERYBODY HERE ON THE BOARD FOR HAVING FAITH IN ME.
THANK YOU TO LESLEY FOR A REALLY EXCELLENT YEAR AND WE'LL SEE WHAT WE CAN DO.
I'M REALLY EXCITED AND EQUALLY HORRIFIED.
AND YOU DID BRING UP THE PAST PRESIDENT THING OR PAST CHAIR.
SO I WILL BE AROUND IF YOU NEED ANY NEED, ANY ASSISTANCE, I WILL BE CALLING YOU.
ALL RIGHT. SO AT THIS POINT, THEN WE WILL MOVE TO ELECT THE VICE CHAIR OF THE BOARD.
AND I AM GOING TO NOMINATE MY COLLEAGUE, KEN MONTERA.
AS YOU ALL KNOW, KEN AND I RAN AGAINST EACH OTHER FIVE YEARS AGO.
AND I THINK GOVERNOR POLIS MADE AN EXCELLENT CHOICE IN APPOINTING KEN TO SERVE IN THE FIFTH CONGRESSIONAL DISTRICT AS REGENT.
AND IT'S BEEN REALLY GREAT WORKING WITH KEN AS MY VICE CHAIR.
THERE'S BEEN A LOT OF ISSUES THAT WE'VE HAD TO TALK OVER.
HE REACHES OUT TO ME, I REACH OUT TO HIM AND HE WILL CONTINUE MAKING A GREAT VICE CHAIR.
AND I THINK IT'S SUCH A GREAT MODEL HOW, YOU KNOW, WE MAY BE DIFFERENT PARTIES, BUT WE ARE FOCUSED ON CU AND WHAT'S BEST FOR CU. SO I THINK WE'RE A MODEL.
SO WITH THAT, I NOMINATE KEN TO BE OUR CONTINUING VICE CHAIR.
AND IS THERE A SECOND, MADAM CHAIR? REGENT MCNULTY.
EXCELLENT. ANY OTHER NOMINATIONS? HEARING NONE.
AND AGAIN, I SAY LET'S VOTE BY AFFIRMATION WITH AN EYE FROM EACH OF US.
HI. ANY NAYS? GREAT. WELL, NINE ZERO.
AND, KEN, WOULD YOU LIKE TO SAY.
[04:20:05]
APPRECIATE THAT AND I APPRECIATE THE TRUST YOU'VE PUT IN ME TO HELP CO-LEAD THE BOARD OF REGENTS.I LOOK FORWARD TO WORKING WITH CALLIE.
I THINK WE'LL BE A GREAT TEAM AND WE'LL BE ABLE TO CONTINUE THE AGENDA THAT WE'VE STARTED.
AND LESLEY, IT'S BEEN A PLEASURE WORKING WITH YOU.
GREAT TO GET TO KNOW YOU AND I WISH YOU ALL THE BEST.
AND BELIEVE ME, WE WILL CONTINUE TO WORK YOU AS A BOARD MEMBER.
GREAT. WELL, AT THIS POINT, WE ARE DONE WITH THE PUBLIC SESSION.
AND EVERYONE HAVE A GREAT AFTERNOON AND WEEKEND.
AND I KNOW MANY OF US ARE GOING TO BE MARCHING SUNDAY AT THE PRIDE PARADE.
OH, YEAH.
* This transcript was compiled from uncorrected Closed Captioning.