[00:00:02] MEETING THAT WE WILL BE LIVE STREAMING. [D. 2:00 p.m. CALL TO ORDER/PUBLIC MEETING, Chair Glen Gallegos presiding - Jake Jabs Event Center] SO PLEASE BE ON YOUR BEST BEHAVIOR YOU'RE ON CAMERA. WOULD YOU LEAD US IN THE PLEDGE. THE NEXT ORDER OF BUSINESS IS THE APPROVAL OF THE AGENDA FOR FEBRUARY 13TH AND 14TH. IS THERE A MOTION? SO MOVED. SECONDED. MOVE AND SECONDED. IS THERE ANY DISCUSSION ON THOSE MINUTES? ALL IN FAVOR OF APPROVING THE MINUTES, PLEASE SAY AYE. AYE. ALL OPPOSED, SAY NO. THE NEXT ORDER OF BUSINESS IS PUBLIC COMMENT. AND WE HAVE ONE GENTLEMAN THAT'S ASKED TO SPEAK. DON SHERWOOD, WOULD YOU COME ON UP, PLEASE? THANK YOU FOR BEING HERE. MY PLEASURE. THANK YOU FOR THE OPPORTUNITY. I'M SPEAKING ABOUT THE DIVERSITY ENGAGEMENT SURVEY THAT WAS RECENTLY DONE, I WAS MOTIVATED TO TO RESPOND TO THE LETTER OR TO THE FRONT PAGE ARTICLE IN THE CANBERRA ON THE 15TH OF JANUARY. WORDS MATTER. AND THE DEFINITION OF WORDS MATTER MORE THAN EVEN THAT. THE LACK OF A COMMON UNDERSTANDING OF WORDS HAS A TENDENCY TO CAUSE BALKANIZATION RATHER THAN UNDERSTANDING. SO I DID SOME RESEARCH. CONTACTED YOU THE REGENT, SENT YOU AN EMAIL. GOT SOME RESPONSES. GOT SOME HELP WHICH I APPRECIATED. THE POWERPOINT PRESENTATION THAT YOU RECEIVED. IT WASN'T EXACTLY WHAT I WAS LOOKING FOR, BUT AT LEAST IT GOT ME IN THE RIGHT BALLPARK. I'VE LEARNED A LOT. ANYWAY, I FIRST GOT INVOLVED IN THE. THE DIVERSITY DISCUSSION WITH CU WHEN ABOUT FIVE YEARS AGO, GIVE OR TAKE. THERE WAS A BIG BROUHAHA ABOUT WHITE PRIVILEGE, OF COURSE, IN COLORADO SPRINGS, AND THERE WAS A BIG, BIG SEMINAR COMING UP IN WISCONSIN. SO I GOT INTERESTED KIND OF THINGS CALM DOWN. THINGS HAVE CHANGED OVER TIME. AND THEN THE SURVEY CAME. I GOT I PASSED OUT TO YOU OF REGIONS. A LETTER OR A MEMO THAT HAS THE QUESTIONS, I KNOW I HAVE SHORT PERIOD TIME, SO I CAN'T I DON'T EXPECT ANY ANSWERS. I'D LIKE TO JUST READ THE QUESTIONS ON THE BACKSIDE OF THE MEMO TO PAGE FRONT AND BACK ARE SOME OTHER WORDS AND I'LL LEAVE IT AT THAT AND HOPEFULLY WE CAN HAVE SOME DIALOG AFTERWARDS. SO WITH MY QUESTIONS. THEY ARE WHO ARE THE SPONSORS OF CONDUCTING THE DIVERSITY ENGAGEMENT SURVEY? WHAT WERE THE OBJECTIVES OF YOU IN CONDUCTING THAT SURVEY? WHAT WAS THE ASSUMPTION OF CU SPONSORS OF THE SURVEY REGARDING THE DEGREE OF COMMON UNDERSTANDING OF THE TERMS AND PHRASES EMPLOYED IN THE SURVEY? AMONG THE SURVEY RESPONDENTS? WAS A COMMON UNDERSTANDING OF THE TERMS OF PHRASE USED IN THE E.S. IMPORTANT TO PRODUCING MEANINGFUL RESULTS. THE ANSWERS PRODUCED BY THE SURVEY. OR ARE WE AT RISK OF HAVING GARBAGE IN, GARBAGE OUT. IS THE DES A POINT IN TIME SNAPSHOT? OR AN ONGOING EFFORT. TO DIAGNOSE ISSUES AND THEN MEASURE PROGRESS TOWARD OVERALL DIVERSITY, ENGAGEMENT AT CU'S MOBILE CAMPUSES. WHAT WAS THE ACTION PLAN OF CU'S DES SPONSORS? ONCE THE SURVEY WAS COMPLETED FOR THE RESULTS THAT MIGHT BE DEEMED LESS THAN DESIRABLE. OTHER THAN DETERMINING WHICH CATEGORY OF THE DIMENSIONS OF THE 22 QUESTIONS FALL, THE LOWER THIRD, MIDDLE THIRD AND HIGHER THIRD. DID UMASS AND OR DATA STAR THE MARKETING FIRM PROVIDE GUIDANCE AND OR TOOLS TO FURTHER DIAGNOSE THE RESULTS AND OFFER PRESCRIPTIONS TO IMPROVE DIVERSITY ENGAGEMENT [00:05:01] AT CU? THOSE ARE THE SEVEN QUESTIONS. I GOT INTO THIS AND I START WORRYING ABOUT THE MECHANICS OF THE SURVEY THEN CONCLUDED THAT I WAS PROBABLY GETTING THE CART WITH THE HORSE THAT I NEED TO BEGIN TO UNDERSTAND WHAT THE OBJECTIVES WERE BEFORE WE AGAIN BEGAN TO DIAGNOSE HOW THE SURVEY WAS GOING TO BE INTERPRETED AND USED. SO THAT'S MY COMMENTS. I'LL LEAVE THAT AT THAT. I THANK YOU FOR THE OPPORTUNITY TO ASK THE QUESTIONS AND HOPE YOU HAVE A FURTHER DIALOG ABOUT THE ANSWERS. THANK YOU, MR. SHERWOOD. WE THANK YOU FOR BEING HERE AT OUR BOARD MEETING. AND WE'LL LOOK AT THIS AND SOMEONE WILL BE IN CONTACT WITH YOU, AS YOU APPRECIATE. THANK YOU VERY MUCH. THE NEXT ORDER OF BUSINESS IS THE REGENTS REPORT. AND AS USUAL, I'M GOING TO SHARE SOME OF MY TIME ON THIS REPORT WITH SOME OF OUR REGENTS WHO HAVE DONE SOME SUBSTANTIAL THINGS AND BEEN ASSOCIATED WITH STUDENTS AND DIFFERENT PROGRAMS DURING THE LAST COUPLE OF MONTHS. SO I'M GOING TO TURN IT OVER TO REGENT GRIEGO FIRST. THANK YOU. I WANT TO SHARE A VERY SPECIAL MEETING THAT REGENT SMITH AND I WENT TO JUST RECENTLY, AND THAT'S WITH STUDENTS FROM CU DENVER THAT REPRESENT OUR INDIGENOUS PEOPLE. AND IT WAS VERY IMPRESSIVE AND VERY TOUCHING IN TERMS OF HOW MUCH THEY CARE AND HOW MUCH THEY APPRECIATE THIS GREAT UNIVERSITY AND ALSO CARE ABOUT THE FUTURE OF OTHER INDIGENOUS STUDENTS. AND THEY SHARED WITH US NUMBER OF THINGS THAT THEY WOULD LIKE TO SEE DONE SOMEDAY. AND I'D LOVE TO SHARE THOSE WITH YOU. AND I THINK IT'S IMPORTANT FOR THEM. ONE OF THEM WAS LAND ACKNOWLEDGEMENT, THE IMPORTANCE OF SHARING WITH OUR COMMUNITY, THE IMPORTANCE OF THIS LAND, INDIAN LAND. AND, YOU KNOW, THEY'RE VERY PROUD OF BEING THE FIRST PEOPLE HERE ON THE LAND THAT WE WALK ON EVERY DAY IN UNITED STATES AND KEEPING THAT WITHIN THEIR CULTURE. AND THE PRIDE FOR THAT MEANS A LOT TO THEM. AND I WAS JUST REALLY TOUCHED BY THEIR EXPRESSIONS OF OF THEIR HISTORICAL ROOTS AND THE IMPORTANCE OF BEING ABLE TO ACKNOWLEDGE THEIR LAND. WE ALSO TALKED ABOUT SOME OTHER THINGS THAT WERE IMPORTANT. AND IT'S JUST AN EMPATHY WITH THINGS, TOO, THAT WE NEED TO DO FOR OUR STUDENTS. AND HAVING A PLACE WHERE STUDENTS CAN GO AND BEING ABLE TO CONNECT AND TO BE ABLE TO WORK AND SUPPORT EACH OTHER, BE IT BE AT A CENTER OR JUST A PLACE WHERE THEY CAN BE ABLE TO GATHER AND HAVING THAT CONNECTION WITH UNIVERSITY AND THE CONNECTION WITH EACH OTHER AND SUPPORTING EACH OTHER AS THEY GO THROUGH. ALSO THE IMPORTANCE OF CONTINUING RECRUITMENT AND RETENTION OF INDIGENOUS STUDENTS AND ALL STUDENTS AND HOW IMPORTANT THAT IS FOR THEM AND HAVING THE STAFF AND PERSONNEL THAT ARE ON THE CAMPUS TO BE ABLE TO HELP THEM WITH THEIR JOURNEY AT THE UNIVERSITY AND THROUGH GRADUATION. AND THEY ALSO TALKED ABOUT THE IMPORTANCE OF AND THE IMPORTANCE OF SCHOLARSHIP. THEY TALKED ABOUT THE STRUGGLE IT IS TO WORK TWO JOBS, GO TO SCHOOL, TRY TO GO TO SCHOOL FULL TIME AND CONTINUING THAT DAY AND DAY AND AND BUT HOW IMPORTANT IT IS FOR THEM TO HAVE FUTURE SCHOLARSHIPS THAT WILL HELP THEM AND HELP OTHERS SO THAT THEY CAN DO THE WORK THAT THEY NEED TO DO WITHOUT HAVING TO. AS I SAID, YOU KNOW, WORKING TWO JOBS. BUT THEY WERE THEY WERE VERY ARTICULATE. THEY DEFINITELY HAD DONE THEIR RESEARCH. AND THEY THEY TALKED ABOUT THE IMPORTANCE OF BEING HERE. AND I'VE HEARD THAT FROM OUR INDIGENOUS STUDENTS. I'VE HEARD THAT FROM STUDENTS ALL THE YEARS THAT I'VE BEEN ON THE BOARD OF REGENTS IS THE IMPORTANCE OF BEING ABLE TO HAVE THE SUPPORT NECESSARY TO BE ABLE TO CONTINUE ON. SO THEN ON GRADUATION DAY, THEY'RE IN THAT LINE, TOO. REGENT SMITH, DO YOU HAVE ANYTHING ELSE YOU WANT TO SHARE? NO, I THINK YOU COVERED EVERYTHING. THEY CERTAINLY DID THEIR RESEARCH AND THEY ARE VERY PASSIONATE STUDENTS. AND IT WAS REALLY WONDERFUL TO MEET WITH THEM. [INAUDIBLE] I JUST I JUST HAVE A QUESTION. YOU KNOW, IT'S SOMETHING THAT COMES UP PRETTY FREQUENTLY IN MY MY WORK ON A DAILY BASIS. AND THIS IS THIS MATTER OF A LAND ACKNOWLEDGEMENT. YOU KNOW, CAN WE GIVE A LAND ACKNOWLEDGEMENT AT THE BEGINNING OF OUR PROGRAMS AS [00:10:03] A UNIVERSITY? I WAS RECENTLY ATTENDING THE GRADUATION FOR A FRIEND OF MINE FROM FBI SPECIAL AGENT ACADEMY. AND THE FBI, IN EFFECT, GAVE A LAND ACKNOWLEDGEMENT BEFORE THEY STARTED. AND I JUST WONDER FROM PRESIDENT KENNEDY, FROM THE CHANCELLOR. HAVE WE HAD THOSE CONVERSATIONS WHERE THOSE CONVERSATIONS. IT'S SOMETHING THAT WE'RE HEARING QUITE A BIT OF ON THE GROUND LEVEL. AND I KNOW AT CU DENVER WE DO LAND ACKNOWLEDGEMENTS. I KNOW IN BOULDER, WE ALSO DO, TOO. AND THEY WERE VERY MUCH AWARE OF THAT AND REALLY HAVE APPRECIATED THE ACKNOWLEDGMENT OF THE LAND. AND ALSO, I JUST WANT TO FINISH OFF THAT. IT'S IMPORTANT FOR THEM TO HAVE A VOICE WITH US. HAVING REGENTS, THEY'RE SPENDING TIME WITH THEM MEANT A LOT TO THEM. AND I REALLY. AND IT MEANT A LOT TO US, AS WELL AS MEETING WITH OTHER PEOPLE IN OUR OUR UNIVERSITY PRESIDENTS, OUR CHANCELLORS, BUT HAVING THEIR VOICE HEARD TO ALL OF US. THANK YOU. MEANINGFUL FOR THEM. THANK YOU, REGENT GRIEGO. LESLEY SMITH HAD A FEW WORDS TO SAY ABOUT. FROM CU WENT AND MET WITH THE SOUTHERN TRIBE IN ABOUT A YEAR AND A HALF AGO. AND IT WAS A GREAT OPPORTUNITY TO HEAR ABOUT THE CHALLENGES THAT THEY'RE FACED WITH. AND AGAIN, TALKING ABOUT THE LAND ADDRESS THAT AS WELL, BUT HOW WE AS A UNIVERSITY SYSTEM CAN PARTNER AND WORK WITH THEM AND ASSIST THEM IN SOME OF THE CHALLENGES THAT THEY HAVE AND THAT RESULTED IN A VISIT FROM FROM THEM TO OUR UCCS CAMPUS [INAUDIBLE] CAMPUS. I KNOW THEY'VE BEEN TO OUR BOULDER CAMPUS, AND IT'S GREAT TO SEE, YOU KNOW, BY REACHING OUT IN SUCH A WAY AND GOING TO TO WHERE THEY'RE AT AND SEEING HOW WHAT THEIR LIFE IS LIKE IN SOUTHWESTERN COLORADO. I LEARNED A LOT, BUT IT IT IT WAS REALLY A BENEFIT AND FOR REGENT GALLEGOS AND I THINK WE BOTH CAME AWAY BETTER INFORMED ON WHAT WE CAN DO AS A UNIVERSITY. ONLY TO SAY THAT THE SOUTHERN [INAUDIBLE] HAVE A NICE CONTRACT WITH CU BOULDER AND ALSO WITH CU [INAUDIBLE] AND SO NOT ONLY DID WE GO DOWN AND SEE THEM, BUT THEY UTILIZE OUR CAMPUSES IN THE SUMMERTIME AND THEIR STUDENTS AS WELL. SO I THINK IT'S GOOD WHEN WE'RE REACHING OUT AS WELL. REGENT SMITH, YOU TALK ABOUT SUSTAINABILITY. YES. THANK YOU. I THINK EVERYONE IN THIS ROOM IS FAIRLY AWARE THAT ONE OF THE THINGS THAT I'VE BROUGHT TO THE BOARD ARE TRYING TO BRING TO THE BOARD IS INCREASING SUSTAINABILITY ACROSS OUR SYSTEM. WHEN I WAS ON THE SCHOOL BOARD FROM BOULDER VALLEY, WE CERTAINLY WENT DOWN THAT ROAD AND HAVE THE DISTRICT HAS REALIZED SIGNIFICANT SAVINGS. SO WE UNDER THE FOURTH PILLAR OF FISCAL STRENGTH, WE'VE ADDED SUSTAINABILITY. THERE CERTAINLY HAVE HAD SUPPORT FROM THE STUDENTS, THE STAFF COUNCILS, WALLS, FACULTY COUNCIL. SO I'M EXCITED THAT HEIDI AND I AND I'M SORRY, THAT REGENT GANAHL IS NOT HERE. WE'VE BEEN WORKING WITH A GROUP ON THE BOULDER CAMPUS THROUGH THE ENVIRONMENTAL CENTER, AS WELL AS STUDENTS AND COMMUNITY MEMBERS. AND WITH THE SUPPORT OF OUR PRESIDENT, WE'LL BE ROLLING OUT THE PRESIDENT'S SUSTAINABLE SOLUTIONS CHALLENGE FOR EACH OF THE CAMPUSES. AND IT'S A STUDENT COMPETITION AT EACH CAMPUS. THE TOP TWO TEAMS FROM EACH CAMPUS WILL COME TO THE BOULDER CAMPUS ON EARTH DAY, THE 50TH ANNIVERSARY ON APRIL 22ND. IT'S ALSO THE 50TH ANNIVERSARY OF THE ENVIRONMENTAL CENTER. SO, YOU KNOW I'M REALLY PLEASED BY THIS. WE'LL SEE HOW THE FIRST YEAR GOES. I'M SURE WE CAN MAKE SOME IMPROVEMENTS, BUT WE ALSO HAVE A PILLAR IN THE VENTURE CAPITAL CHALLENGE THROUGH THE BUSINESS. SO I'M HAPPY THAT THIS IS ALL MOVING FORWARD AND I WILL BE VERY INTERESTED TO SEE WHAT SORT OF GOALS THAT WE COME UP WITH FOR THE SYSTEM IN TERMS OF THE THE STRATEGIC PLAN. ANY QUESTIONS FOR REGENT SMITH? WE'RE EXCITED ABOUT THE EFFORT AS WELL. AND I WILL SAY THAT THE SYSTEM OFFICE NOW HAS COMPOST BINS AT EVERY [00:15:01] RESTROOM AND IN ALL THE ROOMS AND SO FORTH. AND I RAN INTO SOMEBODY ON THE BUS LAST FRIDAY AND THEY SAID I WAS AT THE SYSTEM OFFICE. I SAW SOME COMPOST BINS. WAS THAT BECAUSE OF YOU? AND I SAID, YES. REGENT SHARKEY. THANK YOU. CHAIR GALLEGOS I JUST WANT TO GIVE A REPORT ON LAST WEEK, THE CU FOUNDATION BOARD AND TRUSTEES MET OUT AT [INAUDIBLE] CAMPUS AND I SERVED AS THE REGENT LIAISON TO THE CU FOUNDATION. AND IT WAS A GREAT MEETING. WE STARTED OUT WITH A DINNER AND NEXT DAY, TRUSTEES MEETING. I HEARD JUST A LOT OF ENTHUSIASM FROM THE TRUSTEES. AND VERY APPRECIATIVE OF THE LEVEL OF ENGAGEMENT THAT THEY HAD AT THE MEETING. I WOULD SAY I'VE BEEN TO THESE MEETINGS FOR A NUMBER OF YEARS, AND I BELIEVE THAT WAS THE MOST ENGAGED AND ENGAGED MEETING I'VE SEEN FOR OUR TRUSTEES, PRESIDENT KENNEDY. HE MAY TALK ABOUT THIS. I DON'T KNOW, BUT HAD SOME BREAKOUT SESSIONS WITH OUR TRUSTEES TO TALK ABOUT. IF YOU'RE GONNA TALK ABOUT THAT, I WON'T. BUT IT I JUST WANT TO SAY THAT OUR TRUSTEES ARE VERY EXCITED ABOUT THINGS THAT ARE GOING ON AT THE UNIVERSITY. AND I SAW A LEVEL OF ENTHUSIASM THAT HAS REALLY BEEN ELEVATED FROM WHAT I'VE SEEN IN THE PAST. SO THAT WAS A GOOD MEETING. THANK YOU. REGENT SHOEMAKER. I'D LIKE TO TALK TO DOROTHY [INAUDIBLE] FOR THE DENVER CAMPUS. I'M SORRY, I CAN'T SEE YOU QUITE AS WELL AS I MIGHT LIKE. BUT THIS IS NOT YOUR LAST MEETING. YOU'LL BE DOING GRADUATION AND THEN YOU'LL BE RETIRING FROM THE TRANSITION SOMETIME AFTER THAT. BUT THIS IS, I BELIEVE, PROBABLY YOUR LAST MEETING ON THIS CAMPUS. SO I'M GOING TO TAKE THE OPPORTUNITY TO THANK YOU FOR THAT TRANSFORMATION THAT HAS HAPPENED ON THE CU DENVER CAMPUS OVER JUST A SHORT PERIOD OF TIME THAT YOU'VE BEEN HERE. I'VE SEEN IT FROM MY FIRST YEAR ON THE BOARD OF REGENTS FIVE YEARS AGO. WHAT IT LOOK LIKE, WHAT FINANCIALLY, HOW IT OPERATED AND HOW THIS STUDENT HELPED, HOW MANY STUDENTS FELT ABOUT IT. AND IT IS RADICALLY CHANGED UNDER YOUR LEADERSHIP. AND I KNOW THAT NOBODY DOES THESE THINGS BY THEMSELVES. BUT YOU WERE OBVIOUSLY DRIVING THIS CAMPUS TO BE A PREMIER URBAN UNIVERSITY. AND THE FINANCIAL MODEL THAT YOU'RE USING, THANKS TO VICE CHANCELLOR JENNIFER [INAUDIBLE] I THINK IS A MODEL FOR MANY PLACES IN THIS SYSTEM AND OTHER PLACES. WE JUST WENT TO VISIT THE LINKS CONNECT CENTER, WHICH IS ONE OF THE ELEMENTS OF STUDENT SUCCESS, WHERE YOU REALLY ARE MOVING THE NEEDLE ON RETENTION AND SERVING VERY UNDERSERVED POPULATIONS ON THIS CAMPUS IN A WAY THAT IS RESPECTFUL AND EXCITING BOTH IN BOTH. YOU KNOW, THE NEW CONSTRUCTIONIST IS AMAZING STUDENT COMMENTS THE WELLNESS CENTER THANKS TO DONORS ROBIN SALAZAR, THE FIRST YEAR HOUSING THAT YOU'RE BUILDING, WHICH WE SAW COMING OUT OF THE GROUND TODAY AND WILL BE OPEN IN THE FALL OF 21. AND THIS SPACE, WHICH WAS JUST THANKS TO JAKE [INAUDIBLE] ANOTHER IMPORTANT DONOR OUT OF THE BASICALLY AN ALLEYWAY STATE. AND I DON'T KNOW HOW YOU BUILT IT. IT'S ASTOUNDING TO ME KNOWING SOMETHING ABOUT CONSTRUCTION BECAUSE THEY ADD TO BUILD IT OFF OFF THE ALLEY. AND AGAIN, YOU'RE TRANSFORMING THIS. THESE SPACES. YOU'RE TRANSFORMING THESE STUDENTS. YOU'RE GOING TO SERVE. YOU'RE SETTING THIS UNIVERSITY UP TO SERVE THE NEXT GENERATION OF STUDENTS. AND I JUST HAVE TO THANK YOU FOR BEING SUCH A WONDERFUL LEADER AND ROLE MODEL AND FOR PUTTING CU IN THIS CITY. THANK YOU. THANK YOU VERY MUCH. I'LL GIVE MORE TIME TO REGENTS IF ANYONE ELSE WANTS TO WEIGH IN HERE. IF NOT, I'LL BE BRIEF IN WHAT I HAVE TO SAY. THIS IS VICE PRESIDENT O'ROURKE'S LAST REGENTS MEETING IN HIS CURRENT CAPACITY. SO WE PROMISED THAT WE'RE GONNA HAVE A GREAT MEETING FOR HIM TODAY AND TOMORROW. AND A LITTLE BIT OF A RECEPTION TONIGHT, AND WE'LL HONOR HIM TOMORROW AS WE BRING THIS MEETING TO CONCLUSION. BUT I THINK EVERYBODY KNOWS EXACTLY WHAT HE'S MEANT TO THE BOARD OVER THE YEARS [00:20:02] THAT HE'S BEEN HERE. SO WE'RE GOING TO MISS HIM TREMENDOUSLY IN HIS CAPACITY. I WANT TO JUST TAKE A MINUTE AND THANK THIS BOARD OF REGENTS, IT'S AN UNPAID BOARD AND PEOPLE TAKEN TWO DAYS, TWO AND A HALF DAYS OFF OF THEIR WORK SCHEDULE FROM THEIR FAMILIES, WHATEVER, TO TRAVEL TO THIS MEETING TO DO THE IMPORTANT WORK OF THE BOARD OF REGENTS. AND, YOU KNOW, IT WOULDN'T SOUND LIKE IT FROM THE WAY THAT WE'RE CARRYING ON THIS AFTERNOON, BUT WE HAVE A LOT OF IMPORTANT BUSINESS TODAY AND TOMORROW AS WELL. BUT THIS BOARD IS AMAZING IN THE AMOUNT OF TIME THAT THEY GIVE. THEY ALL BELONG TO COMMITTEES, EVERY SINGLE REGENT. THEY HAVE JOINED AD HOC COMMITTEES THAT PRESIDENT KENNEDY AND WITH HIS INITIATIVES HAS FORMED. SO THAT'S TIME AS WELL. COUPLE OF OUR REGIONS HAVE BEEN ON IT ON. COUPLE OF INTERVIEW COMMITTEES. AND WHAT I'D LIKE TO DO IS JUST HAVE REGENTS KIND OF RAISE THEIR HAND IF THEY'VE SPENT ONE DAY IN THE LAST MONTH AT A CAMPUS ACTIVITY ON ANY CAMPUS. RAISE YOUR HAND. KEEP YOUR HANDS UP IF YOU'VE BEEN MORE THAN TWO. IN THE LAST MONTH OR MORE THAN THREE. SO, YOU KNOW, WE HAVE WE HAVE REGENTS THAT ARE INVOLVED AND NOT ONLY AS AS REGENT GRIEGO TALKED ABOUT NOT ONLY DOING THE WORK OF THE REGENTS, BUT ALSO TAKING THE TIME TO MEET WITH STUDENTS AND TO REALLY FIND OUT HOW WE CAN BETTER BE A BETTER UNIVERSITY. SO, YOU KNOW, SOMETIMES IT GOES UNSAID, BUT I SEE THE AMOUNT OF TIME THAT THEY SPEND AND THE GOOD DECISIONS AND TIME THAT THEY BRING FORWARD. SO I JUST WANT TO TAKE A MINUTE TO THANK THEM. THE OTHER THING I WANT TO DO IS TAKE A MINUTE TO READ THE MISSION OF THE UNIVERSITY OF COLORADO AND ENSURE THAT CU PROVIDE AN EXCEPTIONAL AND AFFORDABLE EDUCATION TO THOUSANDS OF STUDENTS, CONDUCT TO RESEARCH IT, ADVANCES KNOWLEDGE AND THE DOZENS OF DISCIPLINES AND SERVES OUR COMMUNITY STATEWIDE WITH WORLD CLASS HEALTH CARE. THAT'S OUR MISSION. AND ALL TOO OFTEN, I THINK THAT WE GET CAUGHT UP IN THE POLITICS AND THE DIFFERENT THINGS THAT GO ON AND WE DON'T PAY ATTENTION TO HOW WELL WE'RE MEETING THAT MISSION. WE ATTENDED SOME GRADUATIONS IN DECEMBER. WE'LL BE ATTENDING GRADUATIONS AGAIN IN MAY AND JUNE AT TWO DIFFERENT CAMPUSES, WE'RE RESPONSIBLE FOR QUALITY DEGREES FOR 16000 STUDENTS A YEAR THAT ARE GOING TO GO INTO INTO THE WORKPLACE. AND WHEN WE TALK ABOUT THE MAIN THING, IT'S ABOUT STUDENTS, IT'S ABOUT QUALITY EDUCATION AND IT'S ABOUT GRADUATION AS WELL. AND, YOU KNOW, WE WERE A TEAM BECAUSE WE HAVE RYAN, WHO'S A STAFF COUNCIL CHAIR, AND JOANNE ADDISON, WHO'S WITH FACULTY COUNCIL. WE DON'T HAVE STUDENTS OVER THERE. BUT IT WOULDN'T BE A UNIVERSITY. THERE'S OUR STUDENTS BACK HERE. THANK YOU. IT WOULDN'T BE A UNIVERSITY IF WE DIDN'T ALL WORK TOGETHER. AND THE PROFESSORS THAT ARE ON EACH ONE OF OUR CAMPUSES AND THE JOB THAT THEY DO. AND THE LAST SHOUT OUT REALLY GOES TO PROBABLY THE TOUGHEST JOB IN COLORADO IN THE UNITED STATES HAS TO GO TO OUR CHANCELLORS OF EACH ONE OF OUR CAMPUSES, PHIL DISTEFANO, VENKAT REDDY, DON ELLIMAN AND DOROTHY HARRELL. THEY DO A GREAT JOB IN MAKING SURE THAT WE'RE CONCENTRATING ON THE MAIN THING. TOUGHEST JOB IN COLORADO. WITHOUT A DOUBT. AND I THINK THAT SOMETIMES WE TAKE FOR GRANTED ALL THE KINDS OF THINGS THAT THEY DELIVER ON TO MAKE SURE THAT WE'RE FULFILLING THE MISSION OF THE UNIVERSITY OF COLORADO. SO WITH THAT, I'M GOING TO TURN IT OVER TO PRESIDENT KENNEDY FOR HIS REPORT. THANK YOU. THANK YOU, CHAIRMAN. I'LL JOIN YOU IN THANKING THE REGENTS FOR THEIR GREAT WORK AND THE GREAT COLLABORATION THAT WE'VE BEEN WORKING TOGETHER ON. I APPRECIATE RICHARD SHOEMAKER RECOGNIZING THE GREAT WORK THAT DOROTHY HARRELL HAS DONE HERE. AS AS CHANCELLOR, WE HAVE THE VERY DIFFICULT TASK OF FINDING THE NEXT CHANCELLOR. BUT I APPRECIATE THE CHANCELLOR READY LEADING THAT EFFORT. AND I KNOW HE WAS HERE ON CAMPUS JUST YESTERDAY WITH AN OPEN FORUM THAT GOT A LOT OF GREAT IMPACT FROM THE STUDENTS AND OTHERS. AND SO ALL FIVE OF THE SHARED GOVERNANCE GROUPS HAVE REPRESENTATION ON THE COMMITTEE THAT HE'S LEADING. AND WE REMAIN OPTIMISTIC THAT WE'RE GOING TO COME TO A SUCCESSFUL CONCLUSION ON THAT VERY IMPORTANT TASK BEFORE US. I WOULD ALSO LIKE TO THANK OUR REGENT SMITH FOR WORKING WITH US ON THE ON THE [00:25:01] SUSTAINABILITY INITIATIVE. YES, WE'RE MOVING FORWARD WITH THIS STRATEGIC PLAN, AND I'M QUITE CONFIDENT THERE WILL BE SOME METRICS IN THERE AND PROVISIONS ON THE SUSTAINABILITY SIDE. AND APPRECIATE YOUR LEADERSHIP ON THAT. I WOULD ALSO SAY WE'VE HEARD A LOT ABOUT, YOU KNOW, THE ENGAGEMENT THAT WE'RE DOING ACROSS THE FRONT, WHETHER IT BE WITH THE TRUSTEES, THE FACULTY, STAFF, STUDENTS ACROSS THE CAMPUSES ON THE STRATEGIC PLAN. AND WE THINK WE'RE MAKING GOOD PROGRESS ON THAT AND LOOK FORWARD TO CONTINUING TO GARNER THE REGENTS INPUT ON THAT AS WELL. WE BEGAN THIS MEETING WITH A LOT OF DISCUSSION ABOUT DIVERSITY, WHICH IS ONE OF OUR FOUR PILLARS. AND IT'S VERY IMPORTANT TO US IN THE UNIVERSITY AND HERE IN THE REGENTS. AND THAT'S WHY I'M THRILLED TO ANNOUNCE THAT THEODOSIA COOK WILL BE JOINING US AS OUR FIRST CHIEF DIVERSITY OFFICER FOR THE SYSTEM. SHE COMES TO US HAVING CURRENTLY. SHE'S THE DIRECTOR OF CAMPUS CLIMATE AND CULTURE INITIATIVE FOR DARTMOUTH COLLEGE, WHERE SHE WORKS WITH THEIR PRESIDENT AND SENIOR LEADERSHIP TEAM. SHE PREVIOUSLY WAS IN THE CAPACITY OF DIRECTOR OF INSTITUTIONAL DIVERSITY AND EQUITY AT DARTMOUTH AND BEFORE THAT ACTUALLY WAS K-12 TEACHER AND WORKING WITH THEIR LEADERSHIP PROGRAM. SO A LOT OF THIS IN TERMS OF REACHING DOWN INTO THE K-12 AND MAKING SURE WE'RE CONNECTING VERY MUCH INTO THE TYPE OF OUTREACH THAT REGENT GRIEGO WAS TALKING ABOUT. AND I THINK WILL BE A FABULOUS ADDITION AS SHE HAS A MASTER'S IN EDUCATIONAL LEADERSHIP FROM COLUMBIA UNIVERSITY UNDERGRAD FROM SWANNY. WE HAD A GREAT SEARCH COMMITTEE, SO I WANT TO CONGRATULATE THE SEARCH COMMITTEE ON SERVING UP THREE VERY GOOD CANDIDATES. SO WE HAD TO CHOOSE FROM. AND I APPRECIATE REGENT GRIEGO AS WELL AS CARSON FOR HELPING US IN THE INTERVIEW. SO WE'RE THRILLED ABOUT THAT. AND I JUST WANT TO SAY, WE'RE LOOKING FORWARD TO HAVE ON BOARD LONG OVERDUE. AND SHE JOINS A GREAT TEAM AND WE'LL BE ABLE TO MORE ROBUSTLY HELP US ADDRESS ALL THE ISSUES THAT WERE BROUGHT UP TODAY. WE ALSO HAVE A COUPLE OF BIG ACCOMPLISHMENTS IN THE LAST SINCE THE LAST REGENT MEETING WITH THE REGENT KROLL AND HIS WIFE, VANESSA, BRINGING IN THEIR FIRST BABY GIRL. I THINK THEY MIGHT BE ONE OF A HANDFUL OF PEOPLE WATCHING US RIGHT NOW. SO SHOUT OUT TO BABY [LAUGHING]BABY LUCY AND REGENT HILL AND NICOLE WERE MARRIED OVER THE HOLIDAYS. SO WE HAVE A NEW MARRIAGE, A NEW BIRTH. LOTS OF GREAT THINGS HAPPENING HERE AT THE REGENCY AT THE UNIVERSITY OF COLORADO. THANK YOU. THANK YOU, PRESIDENT KENNEDY. NEXT ORDER OF BUSINESS IS A GOVERNANCE LEADERS REPORT, AND WE'RE GOING TO START OUT [E. 2:30 p.m. GOVERNANCE LEADERS REPORTS] WITH RYAN. GOOD AFTERNOON. ALL RIGHT. FOR THE UNIVERSITY OF COLORADO STAFF COUNCIL, SINCE THE NOVEMBER BOARD OF REGENTS MEETING, UCSC MET TWICE, ONCE ON NOVEMBER 21ST TO 2019 AT THE UNIVERSITY OF COLORADO, COLORADO SPRINGS. AND THEN ONCE ON JANUARY 23RD, 2020 VIA ZOOM. THE NEXT MEETING OF UCSC WILL BE ON JANUARY 20TH, 2020, WHICH IS NEXT THURSDAY AT THE UNIVERSITY OF COLORADO SYSTEM OFFICE. OUR FIRST TOPIC WOULD BE THE LEANING INTO THE FUTURE STRATEGIC PLAN DURING UCSC'S NOVEMBER MEETING, V.P. TODD SOLOMON MET WITH STAFF COUNCIL TO SHARE UPDATES ABOUT THE STRATEGIC PLAN AT THE TIME. AT THAT TIME, IT WAS SHARED WITH UCSC REPRESENTATIVES THAT THE FOURTH PILLAR WAS BEING ADDED TO THE PLAN, WHICH IS DIVERSITY, INCLUSION, EQUITY AND ACCESS. TODD SHARED THAT THE ADDITION OF THIS FOURTH PILLAR WAS IN PART DUE TO THE FEEDBACK RECEIVED FROM UCSC AND OTHERS. THE UPDATE ALSO DISCUSSED HOW WORKING GROUPS WILL BE FORMED ON EACH CAMPUS TO ADDRESS CAMPUS SPECIFIC PRIORITIES AND HOW THEY ARE APPROACHED DIFFERENTLY DEPENDING ON THE CAMPUS I.E. GRADUATION RATES, RETENTION RATES OF STUDENTS, CAMPUS WELLNESS AND MENTAL HEALTH, SO ON. UCSC LOOKS FORWARD TO LEARNING MORE ABOUT THE METRICS THAT WILL BE USED TO IDENTIFY SUCCESS IN THE STRATEGIC PLAN, AND UCSC REMAINS ENGAGED IN THIS PROCESS AND WE'LL CONTINUE TO PROVIDE INPUT AND FEEDBACK WHERE IT'S APPROPRIATE TO DO SO. OUR NEXT TOPIC WOULD BE THE EQUAL PAY ACT COMMITTEE AND WORKING GROUP UCSC WAS ASKED TO NAME A STAFF REPRESENTATIVE TO THE EQUAL PAY ACT COMMITTEE THAT WILL BE WORKING WITH AN OUTSIDE VENDOR TO DEVELOP BEST PRACTICES AND PROCESSES WITH HOW TO COMPLY WITH THIS LANDMARK PIECE OF LEGISLATION. UCSC NAMED KEVIN YOUNG, WHO IS THE H.R. DIRECTOR AT THE COLORADO SCHOOL OF PUBLIC HEALTH, TO SERVE AS THE STAFF REPRESENTATIVE FOR THIS COMMITTEE. ON THE TUITION ASSISTANCE BENEFIT, IN ADDITION TO THE RECENT MEETINGS WITH TERRY CARRUTHERS, JENNIFER SOBINAY, FELICITY O'HALLORAN AND MICHELLE MARTINEZ, STAFF COUNCIL HAS ALSO MET WITH LISA LANDIS AND ABBY BENSON FROM CU BOULDER [00:30:02] ADMINISTRATION TO CONTINUE TO SEEK OUR SEEK TO UNDERSTAND MEETINGS WHERE UCSC SEEKS TO OPEN A DIALOG AND LEARN ABOUT CHALLENGES WITH MAKING CHANGES TO THE TUITION BENEFIT, AS WELL AS PROVIDE PERSPECTIVE ABOUT PERENNIAL AND ONGOING FEEDBACK. EACH CAMPUS COUNCIL RECEIVES ABOUT THE BENEFIT. IN THE COMING MONTHS, WE HOPE TO MEET WITH THE CAMPUS CFO FROM THE UNIVERSITY OF COLORADO, COLORADO SPRINGS, TO CONTINUE TO LEARN MORE ABOUT HOW THE BENEFIT WORKS AND PROVIDE ROUNDED FEEDBACK FROM THE ONLY CAMPUS WE HAVE NOT YET VISITED. AS COREY EDWARDS AND HIS TEAM SO ELOQUENTLY DESCRIBED IN THEIR HOST CAMPUS REPORT DURING THE NOVEMBER MEETING, EMPLOYER INVESTMENT IN CONTINUING EDUCATION OF STAFF IMPROVES RETENTION AND ENGAGEMENT IN THE WORKPLACE. UCSC, YOU WILL CONTINUE TO PROVIDE ONGOING UPDATES ON THIS TOPIC AS WE CONTINUE OUR CONVERSATION WITH SENIOR ADMINISTRATORS. FOR OTHER UPDATES, AS A REMINDER, THE STAFF EXCELLENCE AWARDS WILL BE HELD ON APRIL 17TH, WHICH IS A FRIDAY 20/20 AT THE HILTON INVERNESS. INVITES HAVE BEEN SENT TO THE OFFICE OF THE PRESIDENT. THE CAMPUS CHANCELLORS, V.P. NEZBITT'S OFFICE, SVP DENNIFER'S OFFICE AND OTHERS. AN INVITATION HAS ALSO BEEN EXTENDED TO THE BOARD OF REGENTS. WE WELCOME THOSE INVITED TO ATTEND THAT DAY AND JOIN US IN CELEBRATING AND RECOGNIZING THE CONTRIBUTIONS OF STAFF WHO GO ABOVE AND BEYOND FOR CU AND OUR COMMUNITIES. ADDITIONAL PROGRAMMING FOR THAT DAY INCLUDES PROFESSIONAL DEVELOPMENT FOR STAFF COUNCIL REPRESENTATIVES ACROSS CAMPUSES. WITH A KEYNOTE SPEAKER FROM THE CU DENVER BUSINESS SCHOOL, SUSAN [INAUDIBLE]. UCSC IS ALSO REVIEWING OUR BYLAWS TO CONTINUE IMPROVING HOW WE OPERATE AND WE PLAN ON SUBMITTING PROPOSED CHANGES TO THE OFFICE OF THE PRESIDENT WITHIN THE NEXT YEAR. FOR OUR CAMPUS UPDATES. CU BOULDER. AND I'VE CHANGED THE FORMAT OF THESE UP THESE REPORTS SO THAT WE'LL SPLIT ALL OF THE CAMPUS UPDATES INTO INITIATIVES AND EVENTS. SO IT SHOULD BE MORE CONCISE FOR BOULDER. CU BOULDER IS WORKING TO IMPROVE UNIT LEVEL UNDERSTANDING ABOUT THE BENEFITS AND RISKS ASSOCIATED WITH ALLOWING FLEXIBLE WORK OPTIONS SUCH AS WORK FROM HOME AND FLEXIBLE SCHEDULES. CU BOULDER CODES FOR COLORADO FINISHED WITH A TOTAL OF 407 CODES COLLECTED AND DONATED, WHICH IS EXCELLENT AND WE'RE VERY PROUD OF THEM FOR DOING SO. COUNCIL ELECTIONS ARE UPCOMING BY THE END OF THE FISCAL YEAR. PLANNING HAS STARTED FOR A STAFF FIELD DAY AND THEN PRESIDENT KENNEDY PRESENTED ON THE CU STRATEGIC PLAN FOR CU BOULDER STAFF COUNCIL ON JANUARY 22ND. THE EVENTS UPCOMING ARE THE FLEXIBLE WORK ARRANGEMENTS SPEAKER SERIES, WHICH HAD PREVIOUSLY OCCURRED ON JANUARY 30TH. THE STAFF COUNCIL SPEAKER SERIES, WHICH WAS ON FEBRUARY 13TH, WAS ACTUALLY HAPPENING RIGHT NOW. BLOOD DRIVE AND FOOD DRIVE, WHICH WAS ON FEBRUARY 4TH AND FEBRUARY 6TH, AND THEN THE UPCOMING STAFF FIELD DAY AT CU BOULDER WILL BE ON JUNE 3RD 2020. FOR UCSC PARKING PERMITS ON CAMPUS SEEM TO BE A LARGE TOPIC RECENTLY AS YOU C.C.'S IS CONSIDERING TURNING THE REMAINING FREE LIGHT INTO A PERMITTED ONE. AND THEN UCSC STAFF ASSOCIATION IMPLEMENTED A KUDOS PROGRAM ON CAMPUS. THE HOPE IS TO INCREASE FEELINGS OF APPRECIATION FOR STAFF, AS THAT WAS ONE OF THE MAIN FINDINGS OF THEIR APPRECIATIVE INQUIRY LAST SEMESTER. FOR CU DENVER AND THE [INAUDIBLE] MEDICAL CAMPUS. CU DENVER AND THE [INAUDIBLE] MEDICAL CAMPUS STAFF COUNCIL MET WITH PRESIDENT KENNEDY ON DECEMBER 10TH REGARDING THE STRATEGIC PLAN. MANY STAFF MEMBERS ATTENDED AND THERE WERE MANY QUESTIONS ASKED REGARDING WELLNESS AND ONLINE LEARNING. STAFF ENJOYED THE OPPORTUNITY TO ASK MANY QUESTIONS AND HEAR FROM PRESIDENT KENNEDY AND V.P. TODD SOLOMON. CHANCELLOR SEARCH IS UNDERWAY. CHANCELLOR REDDY IS CHAIRING THE SEARCH, AND NATALIE EASTLOSS FROM OUR STUDENT AFFAIRS GROUP IS THE CU DENVER STAFF REPRESENTATIVE ON THE SEARCH COMMITTEE. CHANCELLOR REDDY RECENTLY HELD A TOWN HALL AT THE CU DENVER CAMPUS WITH THE CU DENVER CAMPUS COMMUNITY. YESTERDAY, STUDENTS, FACULTY AND STAFF WERE INVITED TO ASK QUESTIONS ABOUT THE SEARCH AND VOICE THEIR VIEWS ON WHAT WE NEED IN OUR NEXT CHANCELLOR. FINALLY, WITH CU DENVER AND STAFF COUNCIL, THE INSTITUTIONAL GOVERNANCE, STUDENT GROUPS FOCUSING ON SUSTAINABILITY EFFORTS REACHED OUT TO AND STARTED TO WORK WITH STAFF COUNCIL TO DISCUSS SUSTAINABILITY PROJECTS ONGOING ON BOTH CAMPUSES. IT WAS VERY EYE OPENING FOR THE COUNCIL TO LEARN JUST ABOUT THE EFFORTS THAT ARE GOING ON, NOT ONLY ON CU DENVER BUT AT CU ANSCHUTZ. AND WE ARE GOING TO BE PARTNERING WITH THESE GROUPS TO FIGURE OUT WAYS FOR STAFF TO CONTINUE TO ADVANCE THESE INITIATIVES. [00:35:01] FINALLY, SEE YOU. DENVER ANSCHUTZ MEDICAL CAMPUS STAFF COUNCIL IS AWARDING 12 STAFF PROFESSIONAL DEVELOPMENT SCHOLARSHIPS TO HELP STAFF ACCESS PAID TRAINING WHERE THEIR DEPARTMENT FUNDS MIGHT BE LIMITED. PLANS HAVE BEGUN FOR THE CU DAY AT ULICH GARDENS, WHICH WILL HAPPEN SOMETIME IN THE SUMMER DATE YET TO BE DETERMINED. AND THEN THE THIRD ANNUAL STAFF PROFESSIONAL DEVELOPMENT SYMPOSIUM WILL BE HELD ON THURSDAY, MAY 7TH, 2020. FINALLY, FOR THE SYSTEM OFFICE, THE INITIATIVES ARE VOLUNTEER TIME STAFF ARE WORKING ON GETTING THIS INTO THEIR RESOURCE GUIDE FOR THE SYSTEM OFFICE BUILDING SUSTAINABILITY. THEY ARE WORKING ON INITIATIVES THROUGH FLOOR PROCTORS AS THEY ARE TAKING A WHOLE BUILDING VIEW THAT'S IN LINE WITH WHAT THE CAMPUSES ARE DOING. SO FAR THEY HAVE COMPOST BINS AND BATHROOMS FOR PAPER TOWELS AND ARE ENCOURAGING PEOPLE TO TAKE THEIR TRASH TO BREAK ROOMS INSTEAD OF INDIVIDUAL TRASH CANS TO CUT DOWN ON CLEANING AND TRASH BAGS. FURTHER, THE SSC BUDGET REQUESTED AN INCREASE OF TWENTY FIVE HUNDRED DOLLARS FOR FY TWENTY TWENTY TWENTY TWO FY TWENTY ONE. THEY'RE UNSURE OF WHETHER OR NOT THAT'S REASONABLE AND WILL HAPPEN. SO THEY'RE ASKING THE PRESIDENT'S OFFICE TO TAKE A ONE THOUSAND DOLLAR MONETARY AWARD FOR THE PRESIDENT'S EMPLOYEE OF THE YEAR AWARD SO THAT THEY CAN TAKE THAT OUT OF THEIR YEARLY BUDGET. THEIR EVENTS HOLIDAY DRIVE WAS A GREAT SUCCESS. THEY SUPPORTED THE FLORENCE CRITERION. CRITTENTON CENTER, WHICH IS A DENVER NONPROFIT THAT EMPOWERS TEEN MOTHERS AND THEIR CHILDREN TO BE PRODUCTIVE MEMBERS OF THE COMMUNITY. THEY COLLECTED CHILDREN'S TOYS AND DIAPERS AND GIFT CARDS FOR THEIR MOTHERS. FOR THOSE MOTHERS, THE NEXT EVENT IS GOING TO BE A CARNIVAL IN THE BUILDING WITH GAMES AND SNACKS. THEY'RE DOING A MARDI GRAS THEME AND WILL BE CO-SPONSORED BY THE PRESIDENT'S OFFICE. AND THEN THEY ARE ALSO WORKING ON A SUPERVISOR TRAINING. SO STAY TUNED. AND THEN TO CONCLUDE MY REPORT FROM STAFF. I JUST WANTED TO READ A KIND OF A BRIEF NOTE ON IN AN UPCOMING TASK FORCE BETWEEN STUDENTS, FACULTY AND STAFF. SO MY COLLEAGUES AND I IN SHARED GOVERNANCE RECENTLY HAD THE OPPORTUNITY TO DISCUSS A UNIQUE TOPIC THAT IMPACTS ALL THREE OF OUR CONSTITUENCY GROUPS IN VARIOUS WAYS AND RAISES QUESTIONS ABOUT THE APPROPRIATE EXTENT OF AND LIMITATION TO FACULTY AND STAFF INVOLVEMENT AND PARTICIPATION IN STUDENT RUN GROUPS. SURFACING FROM THESE DISCUSSIONS WAS A SHARED INTEREST IN FORMING A TASK FORCE ON STUDENT ORGANIZATIONS. UCSC EXECUTIVE COMMITTEE REVIEWED THE PROPOSAL ON THIS SUPPORT AND IS IN SUPPORT OF THIS TASK FORCE. SOME OF THE DETAILS OF WHICH WILL BE COVERED DURING PROFESSOR ADDISON'S UPDATE. YOU HAVE ANY QUESTIONS FOR ME? REGENT KROLL. SO THANK YOU, RYAN, FOR ALWAYS GIVING US SUCH DETAILED INFORMATION AND AS COME OUR ROUTINE. WHEN YOU PRESENT, I ASK QUESTIONS ABOUT THE PROGRESS OF FIGURING OUT OUR TUITION BENEFIT WAIVER PROCESS. YOU KNOW, THIS IS SOMETHING THAT IMPACTS ME EVERY DAY. I USE THE TUITION BENEFIT WAIVER MYSELF. BUT I ALSO HAVE A COLLEAGUE OF MINE, A SINGLE MOTHER OF TWO, TRYING TO GET FINISH HER DEGREE HERE FROM THE DENVER CAMPUS, BUT KEEPS HITTING SOME ROADBLOCKS ALONG THE WAY. AND SO I JUST WANT TO REITERATE THAT I REALLY HOPE WE CAN COME TO A SOLUTION. YOU KNOW, AT SOME SORT OF COMPROMISE TO FIGURE OUT HOW WE CAN FOR CERTAIN SELECT STUDENTS, PROVIDE AN OPPORTUNITY FOR THEM TO GET INTO THE CLASSES THAT THEY NEED TO GRADUATE UNDERSTANDING FULL. WELL, THERE HAS TO BE SOME COMPROMISE HERE BECAUSE WE CAN'T JUST HAVE ALL OF OUR CLASSES FULL OF FACULTY OR STAFF THAT ARE TRYING TO DO, YOU KNOW, TAKE COURSES HERE. BUT I HOPE WE CAN COME TO SOME SORT OF RESOLUTION QUICKLY AND WELCOME ANY INPUT FROM PERHAPS VICE PRESIDENT NEZBITT ON ANY OF THE PROGRESS THAT WE'VE BEEN MAKING ON THAT FRONT. THANK YOU. THANK YOU, REGENT KROLL. YES, WE ARE CONTINUING TO WORK ON THAT. AND IN FACT, I WAS JUST REACHING OVER TO TALK TO A COUPLE OF MY COLLEAGUES ON THE CAMPUSES ABOUT THIS PARTICULAR WORK. WE HAVE UNDER PRESIDENT KENNEDY'S INSTRUCTION TO TRY TO CREATE SOME CONSISTENCY IN ITS APPLICATION AMONG THE CAMPUSES, AND WE'RE MAKING HEADWAY. IN FACT, I WAS JUST SEEKING PERMISSION TO MENTION WHAT WE'RE DOING ON THE COLORADO SPRINGS CAMPUS AS A UNIQUE PILOT THERE. AND I DON'T THINK WE'RE READY TO SHARE THE RESULTS OF THAT OR PERHAPS WE WILL BE ABLE TO DO IT THE NEXT MEETING AND OPENING UP THE CHANNELS AND ALLOWING FOR INDIVIDUALS TO ELIMINATE SOME OF THOSE BARRIERS TO KEEP FOLKS FROM HAVING TO WAIT TO ENROLL IN CLASSES. SO WE ARE MAKING HEADWAY. IT'S OBVIOUSLY A FINANCIAL SITUATION ON SOME OF THE CAMPUSES. AND SO WE NEED TO TEST ENOUGH SMALLER DEMOGRAPHIC TO MAKE SURE THAT WHAT WE [00:40:03] EMPLOY WON'T CREATE FINANCIAL HARM TO THE CAMPUSES, BUT ALSO MEETS THE NEEDS OF THE CAMPUSES AND STAFF. BUT PROGRESS IS BEING MADE AND WE'LL HAVE MORE TO COME IN A FUTURE MEETING SO THAT WE CAN PROVIDE INFORMATION ON THE DATA SPECIFICALLY. THANK YOU. OTHER QUESTIONS. THANK YOU. DO HAVE ONE MORE ON THIS. I DO WANT TO ALSO OFFER A COMMENT THAT IN ALL OF THE MEETINGS THAT I'VE BEEN IN WITH SENIOR ADMINISTRATORS REGARDING THE TUITION BENEFIT, THOSE MEETINGS HAVE INVOLVED. TERRY CARRUTHERS. JENNIFER SOBINAY. FELICITY MICHELLE MARTINEZ. LISA LANDIS. ABBY BENSEN. AND OF COURSE, CATHY NEZBITT. SOMETIMES WE'VE HAD OTHER MEMBERS OF STAFF COUNCIL PARTICIPATE AS WELL. AND MYSELF, ALONG WITH MY STAFF COUNCIL COLLEAGUES, HAVE BEEN CONSISTENTLY IMPRESSED WITH HOW MUCH DIALOG THERE IS GOING ON BETWEEN US AND SENIOR ADMINISTRATORS. THERE SEEMS TO BE A REAL DESIRE TO MOVE THE NEEDLE ON THIS. THANK YOU VERY MUCH. OUR NEXT ORDER OF BUSINESS IS THE STUDENT GOVERNMENT ASSOCIATION. AND IS JAMIE [INAUDIBLE]? COME ON UP. BRINGING MY V.P. BECAUSE I DON'T KNOW WHAT A PRESIDENT IS WITHOUT HER V.P. [LAUGHING] ALL RIGHT. GOOD AFTERNOON, EVERYBODY. MY NAME IS JAMIE SETLIFF. I'M A STUDENT HERE AT CU DENVER I'M A SENIOR THIS YEAR. I AM MAJORING IN BIOLOGY WITH HOPES TO BECOME A PHYSICIAN'S ASSISTANT. A LITTLE BIT ABOUT ME. I CAME TO CU DENVER FROM THE WESTERN SLOPE OF COLORADO FROM A SMALL TOWN CALLED DELTA. I'M A MIDDLE CHILD AND I'VE BEEN INVOLVED SINCE MY FRESHMAN YEAR. HI, FOLKS. MY NAME IS PETER. JAMIE BRIEFLY INTRODUCED ME AND I SIT IN FRONT OF Y'ALL TODAY. I JUST CAME FROM UPSTAIRS. INTERNATIONAL MARKETING. MY DEGREES ARE FINANCING INTERNATIONAL BUSINESS. SO A LOT OF NUMBERS ARE GOING ON TODAY. AND WE HAVE SOME UPDATES TO SHARE WITH YOU ALL ABOUT OUR GOVERNANCE GROUP HERE ON THE CAMPUS. AND WE'LL BE BACK IN A LITTLE BIT WITH UPDATES FROM THE ICSF FOR ALL CAMPUSES. SO JUST TO GET INTO A LITTLE BIT, WE COMPILED OUR TOP UPDATES, THINGS WE'VE BEEN WORKING ON, THINGS WE'VE ALREADY ACCOMPLISHED AND THAT WE WANTED TO SHARE WITH YOU AS WELL AS THE BROADER GROUP. WE FINALIZED AN INITIATIVE FROM LAST YEAR'S TEAM CU DENVER, NOW OFFERS PRODUCTS TO ALL STUDENTS IN NUMEROUS RESTAURANTS ACROSS CAMPUS. WE'RE THRILLED ABOUT THAT. AND SO OUR STUDENTS, WE ARE FOCUSING ON THE IMPACT OF THE FIRST YEAR STUDENT EXPERIENCE BY WORK, REWORKING AND RESTRUCTURING CONVOCATION, AS WELL AS THE ORIENTATION EXPERIENCE. WE FOUND THAT THE FIRST YEAR IS THE MOST IMPACT WHAT THOSE STUDENTS DON'T SAY THAT NONE OF US HAVE JOBS. SO WE'RE REALLY FOCUSED ON MAKING THEIR EXPERIENCE HERE ON OUR CAMPUS THE MOST IMPACTFUL THAT IT CAN BE. AND FINALLY, WE'RE WORKING WITH CAMPUS AND LOCAL PARTNERS ACROSS THE STATE GOVERNMENT, ACROSS THE LOCAL GOVERNMENT HERE IN DENVER AND CAMPUS PARTNERS TO INCREASE VOTER TURNOUT FOR OUR UPCOMING ELECTIONS HERE ON OUR CAMPUS AND AT THE STATE AND FEDERAL LEVELS AS WELL. SO REALLY EXCITED ABOUT THOSE PARTNERSHIPS. AND A COUPLE MORE THINGS WE'RE EXCITED TO WRAP UP BEFORE THIS SEMESTER COMES TO AN END. WE FINALLY HAVE A POSITION ON OUR STUDENT GOVERNMENT THAT IS NOW FOCUSED ON SUSTAINABILITY EFFORTS. SO WE'RE EXCITED FOR THAT NEW POSITION. WE HAVE BEEN PUSHING ALL SEMESTER OR ALL YEAR TO BE EXPANDING CAMPUS, TO ALL CU DENVER BUILDINGS. SO WE'RE AT THE TIME, SO WE'RE ALMOST FINALIZED WITH THAT. WE'RE MEETING WITH FACULTY DIRECTOR JAY CAMPBELL NEXT WEEK. AND THEN WE ARE PLANNING A STATEWIDE CAMPAIGN FOR OPEN EDUCATIONAL RESOURCES, THE NATIONAL WEEK RECOGNIZING WHO WE ARE ON MARCH 2ND THROUGH MARCH 6TH. AND WE'RE WORKING CLOSELY WITH COLORADO DEPARTMENT. YES. CAN YOU SAY IN LAYMAN'S TERMS WHAT OPEN EDUCATIONAL RESOURCES ARE? YES. SO OPEN EDUCATIONAL RESOURCES. IT'S SORT OF WHERE PROFESSORS CAN WRITE KIND OF LIKE THEIR OWN TEXTBOOK FOR A CLASS AND THEN IT GETS PUBLISHED. AND STUDENTS HAVE FREE TEXTBOOKS IN A WAY SO THEY CAN IT'S ONLINE. ANY STUDENT CAN USE IT. SO STUDENTS LIKE PAYING 400 BUCKS OUT OF POCKET FOR EVERY CLASS THAT THEY'RE TAKING. SO THE NATIONAL. SO WE'RE WORKING CLOSELY WITH COLORADO DEPARTMENT OF HIGHER EDUCATION AND STATE GOVERNMENTS ACROSS COLORADO TO BRING AWARENESS TO THE IMPORTANCE OF PROFESSORS ADOPTING. OH, YEA. AND THEN ONE OF OUR FAVORITE EVENTS OF THE YEAR COMING UP, CULTURAL DIVERSITY FESTIVAL WILL BE ON FEBRUARY 28 FROM 11 TO 2. IT'S AN EVENT WHERE WE HIGHLIGHT THE VARIOUS CULTURES THAT ARE REPRESENTED ON OUR CAMPUS THROUGH STUDENT PERFORMERS AND FOOD. A COUPLE MORE, JUST QUICK THINGS WE'RE HOSTING THE COLORADO STUDENT GOVERNMENT COALITION RIGHT HERE IN JUST A COUPLE OF WEEKS, AND SO DR. ANGIE BERTONI FROM THE CDHG WILL BE HERE. AND WE'RE GOING TO REALLY FOCUS ON DEVELOPING THAT PARTNERSHIP WITH SOME GOVERNMENTS ACROSS THE STATE. SO REALLY EXCITED TO BE HOSTING A.C. DENVER. AND LASTLY, WE REALLY APPRECIATE THE NUMEROUS REGIONS AND ALSO PRESIDENT KENNEDY, WHO ARE MAYBE ABLE TO MAKE IT TO OUR GOVERNANCE GROUP THIS YEAR AND WORK [00:45:05] WITH US ON SEVERAL DIFFERENT INITIATIVES. SO THANK YOU FOR THAT. ANY QUESTIONS FOR US? QUESTIONS. WELL, I JUST APPRECIATE YOU ALL BEING HERE TODAY. AND I HOPE THAT, YOU KNOW, WE HEAR MORE FROM THE ICSF REPORT, BUT ALSO INVITE YOU ALL. YOU KNOW, SINCE I'VE BEEN ON THE BOARD, WE HAVEN'T HAD A GREAT AMOUNT OF STUDENT INPUT IN OUR DISCUSSIONS HERE. AND SO TO THE EXTENT THAT YOU'RE ABLE TO YOU KNOW, WE CERTAINLY ARE HAPPY TO HAVE YOU STICK AROUND. AND IF THERE'S, YOU KNOW, AN OPINION OR AN IDEA THAT YOU CARE TO SHARE, WE WANT TO HEAR IT. SO PLEASE, PLEASE DO NOT FEEL AFRAID TO BRING FORWARD YOUR IDEAS TO THIS GROUP. THANK YOU. BRING IN A WHOLE BUNCH OF STUDENTS TOMORROW MORNING. LOOKING FORWARD TO IT. WE DIDN'T TELL YOU THIS, BUT YOU HAVE A CHAIR HERE. WE JUST WANT TO MAKE YOU KNOW THAT. THANK YOU. LET'S HEAR IT. REGENT SMITH, DID YOU HAVE A COMMENT? YOU'RE TACKLING A LOT. AND IT SOUNDS LIKE YOU'RE GETTING A LOT OF THINGS DONE. SO I CONGRATULATE YOU ON ALL ALL OF YOU. I WAS SURPRISED AT HOW BIG THE GROUP WAS WHEN I CAME AND SPOKE ABOUT THE SUSTAINABILITY. SO WONDERFUL. THANK YOU FOR MAKING THE TIME TO SPEAK WITH US. THANK YOU VERY MUCH. NEXT ORDER OF BUSINESS IS FACULTY COUNCIL CHAIR JOANNE ADDISON. GOOD AFTERNOON, FACULTY COUNCIL AS A WHOLE AND INDIVIDUAL FACULTY COUNCIL REPRESENTATIVES ARE ENGAGED IN MANY ACTIVITIES, AS YOU KNOW, EVERYTHING FROM SERVING ON THE SEARCH COMMITTEES, SUCH AS FOR OUR CHIEF DIVERSITY OFFICER, THE VICE PRESIDENT FOR ADVANCEMENT COMMITTEES SUCH AS THE PAY EQUITY COMMITTEE, OUR USUAL WORK REVIEWER REVIEWING ACADEMIC POLICY STATEMENTS. JUST A TON OF STUFF THAT WE'RE INVOLVED IN RIGHT NOW. AND WE WANT TO THANK OUR ADMINISTRATORS FOR THEIR ONGOING COMMITMENT TO SHARED GOVERNANCE, WHICH IS EVIDENCED BY JUST HOW BUSY WE ARE. WE APPRECIATE THE REGULAR UPDATES. WE CONTINUE TO RECEIVE ON CU STRATEGIC PLAN AS WELL AS OUR ENGAGEMENT WITH EY PARTHENON. CU SETS ITS FUTURE COURSE FOR ONLINE EDUCATION. I HAVE TO SAY ABOUT EY PARTHENON EVERY TIME WE'VE ASKED THEM TO JOIN US IN A MEETING THEY HAVE, WHETHER BY PHONE OR IN PERSON. AND SO WE DO APPRECIATE THAT WHAT WE SEE IS A HIGH LEVEL OF ENGAGEMENT. I'LL HIGHLIGHT TWO ACTIVITIES HAPPENING IN MARCH. THE FIRST IS OUR RETREAT, WHICH WILL BE LED BY DR. BRENNAN J. ALLEN. THIS WILL HELP FURTHER REFINE THE WORK WE'VE BEEN DOING ALL YEAR TO STRENGTHEN SHARED GOVERNANCE THROUGH DIVERSITY, EQUITY AND INCLUSION. WE'VE ALREADY INVITED OUR NEW CHIEF DIVERSITY OFFICER IF SHE CAN POP IN EITHER VIRTUALLY OR IN PERSON. WE'D LOVE TO MEET HER. THE SECOND OF IT IS THE CU WOMEN SUCCEEDING SYMPOSIUM ON MARCH 6TH. THIS IS OUR 18TH ANNUAL SYMPOSIUM. REGISTRATION HAS BEEN FULL FOR SOME TIME NOW. YOU CAN STILL GET ON THE WAITLIST, THOUGH. AND THE FACT THAT WE HAVE A WAITLIST IS IN NO SMALL PART DUE TO THE POPULARITY OF OUR KEYNOTE SPEAKER. TO BE SURE, AS ALREADY MENTIONED BY STAFF COUNCIL AND I BELIEVE OUR CAMPUS STUDENT FORUM REPORT WILL TALK ABOUT THE TASK FORCE A LITTLE BIT, TOO. THERE'S STRONG INTEREST IN FORMING A JOINT TASK FORCE ON STUDENT ORGANIZATIONS. AND I WANT TO TALK ABOUT THIS FOR JUST A MINUTE AND I WANT TO START BY SHARING THAT. EARLIER THIS WEEK, I HAD THE OPPORTUNITY TO ATTEND A PROFESSIONAL DEVELOPMENT WORKSHOP ON ENHANCING STUDENTS SENSE OF BELONGING IN THE CLASSROOM. AT CU DENVER CENTER FOR EXCELLENCE IN TEACHING AND LEARNING, WHICH IS A GREAT, GREAT PROFESSIONAL DEVELOPMENT RESEARCH RESOURCE ON OUR CAMPUS. IT WAS FACILITATED BY EVETT OLSON, A FACULTY MEMBER IN OUR DEPARTMENT OF COMMUNICATION. THERE'S A GROWING BODY OF RESEARCH ON BELONGING, ESPECIALLY AS IT RELATES TO IMPROVED RETENTION IN BOTH SCHOOLS AND THE WORKPLACE, AS WELL AS IN CLOSING ACHIEVEMENT GAPS. THE WORKSHOP LEADER BEGAN HER PRESENTATION BY TALKING ABOUT THE DIFFERENCE BETWEEN DIVERSITY, INCLUSION AND BELONGING. AND MARK, IF WE COULD PUT THAT SLIDE UP. THIS IS EVETT'S SLIDE. DIVERSITY IS BEING INVITED TO THE PARTY. INCLUSION IS BEING ASKED TO DANCE. BELONGING IS DANCING LIKE NO ONE'S WATCHING. SO STAFF COUNCIL, FACULTY COUNCIL AND THE INTER CAMPUS STUDENT FORUM IN HOPE THAT EVERY STUDENT AT CU FEELS LIKE THEY CAN DANCE LIKE NO ONE'S WATCHING. AND THIS IS WHY WE BEGAN TALKING ABOUT A TASK FORCE. STUDENT ORGANIZATIONS EXIST IN LARGE PART TO ENHANCE STUDENTS SENSE OF BELONGING ON CAMPUS. RECENT EVENTS HAVE RAISED QUITE A FEW QUESTIONS ABOUT STUDENT ORGANIZATIONS. EVERYTHING FROM THE ROLE OF FACULTY AND STAFF ADVISORS TO THE PROCESS BY WHICH ORGANIZATIONS ARE APPROVED TO OUTSIDE INFLUENCES ON STUDENT GOVERNMENT ELECTIONS. WHILE THE CHARGE OF THE TASK FORCE HAS YET TO BE FINALIZED, IT MAY INCLUDE TRYING TO UNDERSTAND AND ASSESS THE FOLLOWING MATTERS. FIRST, THE APPROPRIATELY LIMITED ROLE OF FACULTY AND STAFF SPONSORS AS WELL AS [00:50:02] OTHERS WHO ARE NOT STUDENTS IN THE INITIATION AND OPERATION OF OFFICIALLY RECOGNIZED STUDENT ORGANIZATION. SECOND, THE INTENT OF RECENT CHANGES TO OUR STUDENT ORGANIZATION POLICIES, ESPECIALLY AS THEY RELATE TO CU'S NONDISCRIMINATION POLICIES. THIRD, THE EXTENT TO WHICH ORGANIZATIONS OUTSIDE OF CU MAY BE PERMITTED TO DIRECT OR APPROVE THE SELECTION OF STUDENT ORGANIZATION LEADERS AS WELL AS FACULTY AND STAFF ADVISORS. FOURTH, THE EXTENT TO WHICH OFFICIALLY RECOGNIZED STUDENT ORGANIZATIONS ARE INFLUENCED BY REGIONAL, STATEWIDE AND NATIONAL GROUPS IN TERMS OF THEIR FORMATION, USE OF STUDENT FEES AND FUNDING OF STUDENT GOVERNMENT ELECTIONS. AND FINALLY, THE APPROPRIATE USE OF STUDENT FEES AND CAMPUS FACILITIES BY STUDENT ORGANIZATIONS AND THEIR STAFF OR FACULTY SPONSORS BASED ON THEIR DEGREE OF ADHERENCE TO USE NONDISCRIMINATION LAWS AND POLICIES. SO WE HOPE TO HAVE AN INITIAL MEETING SOON TO REFINE OUR CHARGE TO FIND TASKS AND FIGURE OUT WHAT IT IS THAT WE WANT TO COME TO UNDERSTAND ABOUT EVERYONE'S ROLE WHEN IT COMES TO CERTAIN ORGANIZATIONS AND HOW THEY CAN FURTHER BELONGING ON OUR CAMPUSES. QUESTIONS. THANK YOU. THANK YOU VERY MUCH. CONTINUING. WE'RE GOING TO GET TO OUR NEXT ITEM ON THE AGENDA. AND IT'S ALSO A AN ACTION THAT THE BOARD WILL TAKE, AND THAT'S THE UCCS 2020-2030 STRATEGIC PLAN. CHANCELLOR REDDY. OH, I'M SORRY. I HAVE THE ICSF UPDATE, SO I WILL SAVE THAT FOR [INAUDIBLE] IF THAT'S OK. SO OUR FIRST WORDS, I'M THANKFUL TO HAVE JAMIE AND PETER PRESENT AS OUR REPRESENTATIVE AT THIS MEETING AND I'M SORRY THAT I AM UNABLE TO ATTEND. SHE WILL READ THE FOLLOWING ON MY BEHALF WHILE I AM AWAY ON MY NURSING CLINICAL IMMERSION. SO THE FIRST ORDER OF BUSINESS THAT ICSF IS IN SUPPORT OF THE RESOLUTION OF A TWO YEAR REVIEW OF THE REGION'S PROPOSED CIVICS COURSE REQUIREMENT. IT WAS THE POSITION OF THIS GROUP THAT WE ARE NOT IN SUPPORT OF THE ORIGINAL PROPOSAL, AND WE WENT SO FAR AS TO PEN A LETTER REJECTING THE ORIGINAL POSITION. WE'RE HAPPY TO SEE THAT COMPROMISE HAS BEEN MADE AND WE DON'T NEED TO PRESENT THE LETTER AT THIS TIME. IN THE FUTURE, WE ASK THAT REGENTS CONSIDER THAT ICSF HAVE TO PROVIDE INPUT FROM THE STUDENTS OF THE UNIVERSITY OF COLORADO IN MATTERS OF THIS PURPOSE. SO INSPIRED BY A LITTLE BIT OF THE CONFUSION SURROUNDING THE ROLES AND RESPONSIBILITIES OF THE ICSF WE HAVE ENCOUNTERED THIS YEAR AS WELL AS IN PREVIOUS YEARS, AND IN THE ABSENCE OF ANY OFFICIAL GUIDELINES, WE HAVE DRAFTED A CONSTITUTION AND BYLAWS FOR FUTURE ICSF ITERATIONS. THESE DOCUMENTS HAVE BEEN FORWARDED TO UNIVERSITY COUNCIL IN THE HOPES THAT THEY COULD BE MADE OFFICIAL PRIOR TO THE TRANSITION OF PATRICK'S ROLE. ONCE FINALIZED, THESE DOCUMENTS CAN BE SHARED WITH THE REGENTS, OF COURSE, SO THAT WE MAY ALL BE ON THE SAME PAGE AND TO BETTER PROMOTE COLLABORATION BETWEEN OUR TWO GROUPS IN THE FUTURE. TO TOUCH ON THE TASK FORCE AGAIN. THERE HAS BEEN CONCERNS RAISED RECENTLY FROM AN INCIDENT ON THE [INAUDIBLE] MEDICAL CAMPUS ABOUT THE PRESENCE OF UNOFFICIAL AND UNRECOGNIZED STUDENT ORGANIZATIONS WORKING WITHIN OUR CAMPUSES. THE GROUP, AN ISSUE IN QUESTION HAS BEEN HAS SINCE BEEN RESOLVED, BUT A SUGGESTION HAS BEEN MADE OF THE FORMATION OF A TASK FORCE ASSOCIATED WITH THE ICSF AND STAFF AND FACULTY COUNCILS THAT WOULD EXPLORE ORGANIZATIONS AND THE PROCESSES OF APPROVAL AND FUNDING ON EACH OF OUR CAMPUSES. THE TASK FORCE WOULD EXAMINE HOW GROUPS ARE APPROVED AND BY WHOM, AS WELL AS THE LEGAL REGULATIONS AND GUIDELINES FOR THIS PROCESS. THERE ISN'T MUCH TO REPORT AT THIS TIME AND WE ARE IN THE VERY EARLY STAGES OF THIS PROCESS. SO MORE INFORMATION WILL BE FORTHCOMING. WE JUST HAVE SOME BRIEF CAMPUS UPDATES FOR YOU THAT WERE WRITTEN BY OUR COLLEAGUES AT UCCS BOULDER AND ANSCHUTZ MEDICAL CAMPUS. SO BEGIN WITH UPDATES FROM THE UNIVERSITY OF COLORADO, COLORADO SPRINGS. THEY WANTED TO REPORT THAT A REAL SOLUTION HAS BEEN PASSED TO SUPPORT THE RIGHTS OF STUDENTS GRADUATING FROM THE OFFICE OF INCLUSIVE SERVICES. BUT IT'S NOW RUNNING INTO SOME DIFFICULTY. STUDENT BODY VOTED TO ALLOW STUDENTS GRADUATING WITH CERTIFICATES FROM OIS TO WALK AT GRADUATION. THOUGH NOW THERE MAY BE AN ISSUE WITH A DISCREPANCY IN THE GRADING PROCESS BETWEEN CERTIFICATE AND DIPLOMA GRADUATION STANDARDS. SO MORE WORK IS BEING DONE TO INVESTIGATE THAT DISCREPANCY. THEY'RE ALSO HAPPY TO REPORT THAT 14 SGA MEMBERS HAVE A TRIP SCHEDULED TO VISIT THE LEGISLATURE DOWNTOWN AND MEET WITH GOVERNOR POLLUS. AND THEIR SGA IS HOSTING A FASHION SHOW ON MARCH 13TH TO SUPPORT MENTAL HEALTH SERVICES AND A LOCAL GROUP FINDING OUR VOICES. ON BEHALF OF CU BOULDER, IT'S BUDGET SEASON, SO BOULDER IS REVISITING THE STUDENT FEE PACKAGE AS WELL AS AN IDENTIFIED DISCREPANCY IN THE FEE AMOUNT PAID BY UNDERGRADUATE AND GRADUATE STUDENTS AT THIS TIME. GRADUATE STUDENTS ARE PAYING NEARLY $250 DOLLARS MORE THAN UNDERGRADS. IN MARCH, SOME REPRESENTATIVES FROM THE SGA ARE GOING TO DC TO SPEAK WITH SOME LEGISLATORS. A LISTENING TOUR IS BEING PLANNED TO ALLOW EXECUTIVES TO HEAR FROM STUDENT ORGANIZATIONS THAT FOCUS ON IDENTITY TO DISCUSS A LACK OF INCLUSION ON CAMPUS AND WITHIN THE ADMINISTRATION. AND THEY'VE CREATED BYLAWS FOR A NEW EXECUTIVE ADVISORY GROUP GROUP COMPRISED OF [00:55:03] ALUMNI OF THE SGA TO COUNCIL ON CURRENT EXECUTIVES. AND WE'LL JUST CLOSE WITH SOME QUICK UPDATES FROM ANNA. FROM THE ANSCHUTZ MEDICAL CAMPUS, SHE WANTS TO REPORT THAT AN EVENT IS BEING PLANNED FOR FEBRUARY 28, HOSTED BY THE LATIN NEXT MEDICAL STUDENT ASSOCIATION TO RAISE FUNDS FOR STUDENT RELIEF AND AWARENESS ABOUT THE CONDITIONS OF PEOPLE HOUSED CURRENTLY IN THE IMMIGRATION AND CUSTOMS ENFORCEMENT AND [INAUDIBLE] DETENTION CENTERS. THEY'RE ALSO PROMOTING A LARGE ELECTRONIC COLLECTION DRIVE, WHICH IS SCHEDULED FOR MARCH TO COLLECT OLD PHONES AND ELECTRONICS ON CAMPUS THAT WILL BE PRESENTED TO THE NATIONAL COALITION AGAINST DOMESTIC VIOLENCE THAT'S BASED RIGHT HERE IN DENVER. AND FINALLY MEDICAL CAMPUS STUDENT HEALTH INSURANCE IS CURRENTLY UP FOR RENEGOTIATION. AND THE OFFICE OF STUDENT INSURANCE WILL BE HOSTING A TOWN HALL TO GAIN PUBLIC COMMENT FROM STUDENTS. MANY CONCERNS AND ISSUES HAVE BEEN RAISED TO THE STUDENT SENATE BY STUDENTS AT THE ENTRANCE MEDICAL CAMPUS REGARDING THE CURRENT INSURANCE PLAN. SO IT'S OUR HOPE TO FACILITATE THE CREATION OF AN IMPROVED OPTION FOR THOSE STUDENTS. STUDENT HEALTH INSURANCE PIECE IS ANOTHER ONE OF MY FAVORITE QUESTIONS TO BRING UP. I STILL DON'T UNDERSTAND WHY WE CAN'T BRING DOWN HEALTH INSURANCE COSTS FOR STUDENTS WHEN WE ARE A MASSIVE ORGANIZATION AND WE SELF-INSURE OURSELVES. I'VE ASKED THIS QUESTION REPEATEDLY AND I DON'T. I DON'T KNOW WHERE WE'VE WE'VE GOTTEN ON IT, BUT IT SEEMS SILLY THAT WE HAVEN'T FIGURED IT OUT YET. SO I WELCOME ANY FEEDBACK PRESIDENT KENNEDY AND HIS TEAM CAN PROVIDE THE BOARD ON THAT TOPIC AT A FUTURE TIME. I'LL JUST MENTION REGENT KROLL THAT YOU RECEIVED TODAY ACTUALLY A HOT OFF THE PRESSES REPORT FROM OUR AUDIT TEAM ON THE STUDENT HEALTH PROGRAMS AT THE UNIVERSITY THAT WE HAD REQUESTED IN THE AUDIT COMMITTEE AND IT'S BEEN COMPLETED NOW AND DISTRIBUTED TO ALL THE REGIONS. SO THERE'S A LOT OF INTERESTING INFORMATION IN THERE. IT'S PRETTY SUCCINCT. IT'S ONLY ABOUT EIGHT PAGES LONG, BUT I LEARNED A LOT FROM READING IT. WELL, I WILL TAKE A LOOK. THANK YOU. I THINK THAT KEVIN SIZEMORE SENT THAT OUT IN DRAFT FORM AND THEN HAS A FINAL TODAY. SO I THINK IT WOULD BE IMPORTANT FOR US TO READ THAT, LOOK AT IT, AND THEN PLAN A DISCUSSION AROUND IT. AND THAT WAY, WE DON'T FEEL LIKE WE'RE FRUSTRATED WITH IT BECAUSE I'VE BEEN ON THE BOARD A LONG TIME AS WELL. AND THAT SEEMS TO BE A QUESTION THAT COMES UP ALL THE TIME. SO IF YOU IF YOU WOULD READ IT, THEN WE'LL WORK WITH WITH OUR FOLKS TO SCHEDULE A TIME FOR IT. OKAY. THANKS FOR YOUR TIME AS WELL. [F. 3:00 p.m. BOARD OF REGENTS DISCUSSION AND ACTION ITEMS] NOW, CHANCELLOR REDDY IS READY TO TALK ABOUT HIS STRATEGIC PLAN, AND OUR SECOND PART TO THAT WILL BE THAT WE'LL BE APPROVING IT. THANK YOU. ALL RIGHT. CHAIR GALLEGOS AND BOARD OF REGENTS. THANK YOU FOR THIS OPPORTUNITY AS WE PRESENT THE 2030 UCCS STRATEGIC PLAN TO YOU. I THINK IT'S IMPORTANT FOR US TO TAKE A STEP BACK AND REMIND OURSELVES THAT AS A UNIVERSITY, OUR PURPOSE IS TO PROVIDE OPPORTUNITIES TO TRANSFORM LIVES FOR THE BETTER. AND THAT'S NOT JUST FOR OUR STUDENTS, IT'S FOR OUR FACULTY, STAFF, ALUMNI AND THE COMMUNITY AND ALL OF OUR STAKEHOLDERS. SO WHY ARE WE CREATING THIS STRATEGIC PLAN TO MAKE A DIFFERENCE IN SOMEONE'S LIFE, TO TRANSFORM LIVES FOR THE BETTER? SO AS I WALK YOU THROUGH THIS. LET ME GIVE YOU A ROADMAP OF WHAT WE ARE COVERING TODAY. FIRST, IT'S IMPORTANT TO CLOSE OUT THE 2012 2020 STRATEGIC PLAN TO UNDERSTAND WHAT WE ACCOMPLISHED. NEXT, I'LL TAKE YOU THROUGH THE JOURNEY OF DEVELOPING THE 2030 STRATEGIC PLAN, INCLUDING THE SEVEN CORE STRATEGIES THAT WE CREATED. FINALLY, I WANT TO GIVE YOU CONFIDENCE THAT YOU ARE IN ALIGNMENT WITH THE BOARD'S PRIORITIES AND THIS NEW SYSTEM STRATEGIC PLAN THAT IS CURRENTLY IN THE WORKS. OUR PREVIOUS PLAN HAD BROAD STRATEGIES COVERING A VARIETY OF INITIATIVES. SO I JUST WANT TO HIGHLIGHT A COUPLE OF THOSE. ONE OF OUR GOALS WAS TO GROW OUR DEGREE PROGRAMS FROM 59 TO 70 PROGRAMS. WE EXCEEDED THIS TARGET AND GREW UP TO 80 QUALITY PROGRAMS, ACADEMIC PROGRAMS, WHICH SO DIVERSE COMMUNITIES ON OUR CAMPUS. IN 2012, WE HAD AN AMBITIOUS GOAL OF GROWING ENROLLMENT TO 13000. EVEN THOUGH THE RESOURCES DIDN'T KEEP PACE WITH THE AMBITIOUS GOAL, WE STILL SAW [01:00:02] A SIGNIFICANT GROWTH RESULTING IN OVER 12000 STUDENTS. SO WE DID FALL SHORT IN THIS GOAL, BUT RESOURCES DID HAVE AN IMPACT ON IT. WE BELIEVE DESPITE THE DEBT WE HAD THIS YEAR AND POTENTIALLY SEE SOME OF THAT NEXT YEAR, WE REMAIN IN A GROWTH TRAJECTORY. ONE OF THE STRATEGIES CALLED FOR BUILDING UP OF INFRASTRUCTURE TO KEEP PACE WITH THE GROWTH OF TO PROVIDE EFFECTIVE AND COLLABORATIVE ACADEMIC SPACES. SO WE OPENED THE LANE CENTER AND IN CENTER FOR THE ARTS TO EXPAND OPPORTUNITIES FOR OUR STUDENTS AND OUR COMMUNITY. WE ALSO BUILT FIVE NEW RESIDENCE HALLS, A NEW PARKING GARAGE, TWO ATHLETIC FACILITIES AND AN ACADEMIC OFFICE BUILDING FOR THE LAST EIGHT YEARS. AS YOU CAN SEE, THAT 2012 2020 STRATEGIC PLAN WAS FOCUSED ON GROWTH AND THE UCCS CAMPUS HAS BEEN TRANSFORMED WITH TREMENDOUS GROWTH IN THE PAST EIGHT YEARS AND WILL SET US UP FOR SUCCESS FOR THE NEXT DECADE TO COME. OUR NEW STRATEGIC PLANNING PROCESS STARTED IN AUGUST OF TWENTY EIGHTEEN. WITH THE REGENTS WE MET WITH CHAIR SHARKEY AND THEN PRESIDENT BENSEN TO DISCUSS THE IMPORTANCE OF THE REGENT'S KEY PRIORITIES AFFORDABILITY AND ACCESS, STUDENT SUCCESS, REPUTATION AND IMPACT AND FISCAL SUSTAINABILITY. WITH THE GUIDANCE OF JR PARTNERSHIPS, WE MET WITH SYSTEM, CAMPUS AND COMMUNITY STAKEHOLDERS TO EXPLORE STRATEGIES THAT SUPPORT THE REGION'S PRIORITIES AND PROVIDE A SOUND FUTURE FOR UCCS. WE KNEW FROM THE VERY START THAT WE WANT THIS TO BE OUR PLAN, NOT MY PLAN, NOT THE CABINETS PLAN, BUT THE ENTIRE CAMPUS PLAN. SO DURING THE PAST YEAR AND A HALF, THE ENTIRE CAMPUS HAS WORKED ON THIS STRATEGIC PLAN. WE HAD FOCUS GROUPS, TOWN HALLS, INFORMAL CONVERSATIONS, COMMUNITY FORUMS AND MULTIPLE DIVERSE WORKING GROUPS. FROM THIS COLLABORATIVE WORK, SEVEN CORE STRATEGIES. ALL SEVEN OF THEM SUPPORT AND ENHANCE THE PRIORITIES SET BY THE REGENTS. ON SEPTEMBER 12TH, I GIVE YOU A LITTLE PREVIEW OF WHERE WE ARE HEADED. AND THANK YOU FOR YOUR POSITIVE FEEDBACK AT THAT TIME. SO OUR STRATEGIC PLAN STARTED WITH THE REGENTS AND TODAY WE'LL HOPEFULLY CLOSE THAT LOOP WITH THE REGENTS. AS WE PLAN FOR OUR FUTURE WITH THIS STRATEGIC PLAN. WE ARE GUIDED BY THE CORE VALUES OF OUR CAMPUS. STUDENT FOCUS, INTEGRATION, INNOVATION, COLLABORATION, INCLUSIVE DIVERSITY, DYNAMIC, RESPONSIBLE GROWTH AND INTEGRITY. THESE ARE OUR CORE VALUES THAT FORM THE FOUNDATION OF ALL THE CORE STRATEGIES. THESE VALUES INFORM EVERY ACTION WE TAKE. FOR EXAMPLE, OUR VALUE OF INCLUSIVE DIVERSITY IS THREADED THROUGH SEVERAL OF OUR CORE STRATEGIES. EACH STRATEGY HAS CLEAR OUTCOMES AND KEY MEASURES THAT LED US TO INITIATIVES. ALL OF THE DETAILS ARE IN THE HANDOUT THAT YOU HAVE WITH YOU SO THAT YOU CAN EXPLORE IT FURTHER. THE CORE STRATEGIES ARE NOT IN ANY PARTICULAR ORDER. ALL OF THEM ARE EQUALLY IMPORTANT. THE FIRST CORE STRATEGY IS TO FOSTER A COMMUNITY OF LEARNING, ENGAGEMENT AND INCLUSIVE BELONGING TO NURTURE THE GROWTH AND SUCCESS OF FACULTY, STAFF AND STUDENTS. JIM COLLINS WROTE CULTURE EATS STRATEGY FOR BREAKFAST. SO IT'S IMPORTANT FOR US TO BE BUILD AN INCLUSIVE AND COLLABORATIVE CULTURE. AN IMPORTANT PART OF THE CULTURE IS A MEANINGFUL STUDENT EXPERIENCE. I'VE BEEN AT UCCS FOR 28 YEARS AND A CONSISTENT THEME HAS BEEN HOW BIG A HEART OUR FACULTY AND STAFF FOR OUR STUDENTS AND THEIR SUCCESS. MY HEART BREAKS WHEN I HEAR ABOUT ANY OF OUR STUDENTS STRUGGLING WITH MENTAL HEALTH ISSUES. WHETHER IT BE AN IN PERSON OR A SOLDIER RETURNING FROM ACTIVE DUTY, STRUGGLING WITH DEPRESSION AND SUICIDAL THOUGHTS, THERE'S A LOT OF HELP THAT'S NEEDED FOR OUR STUDENTS. WE WANT TO BUILD A SENSE OF BELONGING AND A PLACE WHERE THEY KNOW THEY'RE VALUED. WE ARE HAPPIEST AS HUMANS WHEN WE FEEL WE BELONG TO SOMETHING. I WANT US TO BELONG TO SOMETHING GREAT. SO IN THIS STRATEGY, WE WANT TO ADVANCE A CULTURE OF INNOVATIVE, INCLUSIVE AND RELEVANT PEDAGOGY. CULTIVATE A CULTURE OF INCLUSIVE EXCELLENCE AND WELLNESS. [01:05:03] CULTIVATE GLOBAL PERSPECTIVE AND INCREASE STUDENT ENGAGEMENT. THE NEXT STRATEGY ENHANCE ENROLLMENT, RETENTION AND GRADUATION EFFORTS TO DRIVE LONG TERM STABILITY. ENROLLMENT MANAGEMENT IS NOT SIMPLY AN ADMINISTRATIVE PROCESS. IT'S ABOUT ACCESS RETENTION AND GRADUATION. IT'S ALSO ABOUT STUDENT SUCCESS, WHICH IS THE FOREFRONT OF UNIVERSITIES, MISSION AND STRATEGIC PLAN. SO OUR OVERARCHING GOAL IS TO DRIVE LONG TERM STABILITY. HOW WILL WE ACHIEVE THAT? WE WILL CONTINUE TO DEVELOP AND SUPPORT A SUSTAINABLE, INTEGRATED SYSTEM THAT MAXIMIZES STUDENT ACCESS AND SUCCESS. AND IN THE PROCESS CREATES FISCAL STABILITY. WILL INCREASE THE NUMBER OF COLORADO RESIDENTS. WE CONTINUE TO INCREASE THE NUMBER OF NON RESIDENTS WILL SERVE AS WELL AS INTERNATIONAL STUDENTS. THESE NEW STUDENT POPULATIONS WILL HELP US TO OFFER A STUDENT EXPERIENCE THAT MIRRORS A GLOBAL AND DIVERSE CULTURE. WE'LL ALSO PROVIDE STUDENTS WITH FLEXIBLE COURSE DELIVERY TIMES AND OPTIONS TO COMPLETE THEIR DEGREE THROUGH INCREASED ONLINE OFFERINGS. MANY OF US CAN RELATE TO A FACULTY OR STAFF MEMBER WHO INSPIRED US OR OFFERED HELP AT A CRITICAL MOMENT IN OUR EDUCATIONAL JOURNEY. THAT HEART OF THIS STRATEGY IS TO PROVIDE THAT RICH EXPERIENCE FOR OUR STUDENTS. NEXT STRATEGY PROMOTE RESEARCH AND CREATIVE EXCELLENCE THAT GENERATES NEW KNOWLEDGE, BENEFITS SOCIETY AND EXPANDS TRANSFORMATIONAL EXPERIENCES FOR STUDENTS. JUST LIKE OUR FELLOW UNIVERSITY OF CAIRO CAMPUSES, WE WILL CONTINUE TO DIFFERENTIATE OURSELVES BY NOT ONLY PROVIDING RICH CLASSROOM EXPERIENCES TO OUR STUDENTS, BUT ALSO THROUGH RESEARCH EXCELLENCE. UCCS IS A BALANCED TEACHING AND RESEARCH UNIVERSITY. WE HAVE THE CALIBER OF FACULTY WHO DO AMAZING RESEARCH OF NATIONAL AND INTERNATIONAL SIGNIFICANCE. LAST YEAR WE WERE RECOGNIZED WITH THE R2 CLASSIFICATION, A PROUD MOMENT FOR US. GRADUATE STUDENTS ARE CRITICAL IN SUPPORTING THIS EFFORT. SO WE HOPE TO INCREASE THE NUMBER OF GRADUATE STUDENTS. OUR CAMPUS HAS OUR DESIRED OUTCOME WITH THE STRATEGY IS SUBSTANTIAL INCREASE IN RESEARCH. MORE TIME FOR RESEARCH. THIS IS SOMETHING I HEAR OFTEN AND AN INCREASED NATIONAL REPUTATION. THE NEXT STRATEGY IS TO STRENGTHEN OUR FINANCIAL POSITION TO IMPROVE STUDENT ACCESS AND AFFORDABILITY. WE SEEK A BALANCE BETWEEN KEEPING A UCCS EDUCATION AFFORDABLE FOR STUDENTS AND REMAINING FINANCIALLY VIABLE FOR A LONG TIME. YOU CAN RUN ANY ORGANIZATION WITH LESS MONEY. HOWEVER, YOU HAVE TO MAKE SOME TRADEOFFS WHEN YOU DO THAT. WE CANNOT OFFER THE HIGH QUALITY EDUCATION EXPERIENCES FOR OUR STUDENTS THAT THEY EXPECT OR FULFILL THE EXPECTATIONS OF OUR INDUSTRIES AND COMMUNITIES WE SERVE WITHOUT SUFFICIENT RESOURCES. ANY BUSINESS THAT IS SUSTAINABLE IS THE ONE THAT CREATES A STEADY STREAM OF CASH FLOWS. OUR GOAL IS TO BRING MORE STABILITY AND PREDICTABILITY IN OUR SYSTEM, SO OUR SOLUTION IS AN INCENTIVE BASED BUDGET MODEL. WHICH WE WILL OFFICIALLY LAUNCH NEXT YEAR. WE WANT TO CREATE A MODEL THAT'S TRANSPARENT, FAIR AND EFFECTIVE. THIS WILL BE A CRITICAL TOOL IN REALIZING A STRATEGIC GOALS. THIS IS SOMETHING I EMPHASIZE ON THE CAMPUS. THE BUDGET MODEL IS THE TOOL, THE MISSION AND THE STRATEGIC GOALS ARE THE KEY TO OUR SUCCESS. INVEST DELIBERATELY IN OUR PEOPLE PROCESSES AND INFRASTRUCTURE TO SUPPORT OUR STRATEGIC GROWTH PLANTS, A STRONG FOUNDATION IS ESSENTIAL TO BUILD A STRONG HOUSE. THAT FOUNDATION COMES FROM GOOD PROCESSES. QUALITY PEOPLE A SUPPORTIVE ENVIRONMENT AND TOP NOTCH FACILITIES. WHEN WE HAVE ALL OF THOSE, THERE'S NO LIMIT TO WHERE WE CAN GO. AGAIN, THE GOAL IS A TRANSPARENT, COLLABORATIVE AND CROSS-FUNCTIONAL CAMPUS CULTURE. WE CAN ACCOMPLISH THIS THROUGH CREATING AND IMPLEMENTING A COMPREHENSIVE HUMAN RESOURCES PLAN. STRONG FACILITIES PLAN STRONG TECHNOLOGY INFRASTRUCTURE PLAN AND A CONTINUOUS PROCESS IMPROVEMENT INITIATIVE. EACH OF THESE PLANS WILL WORK IN SYNC TO HELP US ACCOMPLISH OUR STRATEGIC GOALS. THE NEXT STRATEGY IS TO SUPPORT, SUPPORT DISTINCTIVE PROGRAMS BOTH EXISTING AND NEW, TO DEMONSTRATE THE UNIVERSITY'S UNIQUE VALUE AND IDENTITY. [01:10:01] THE SUCCESS OF THIS STRATEGY WILL MEAN WE'LL HAVE IT DEFINED FAST TRACK FRAMEWORK TO IDENTIFY, LAUNCH AND GROW PROGRAMS OF DISTINCTION. WE WILL BE PRE-EMINENT IN OUR PROVISION OF EDUCATION AND TRAINING IN AN INTERPROFESSIONAL MODEL, AND WE WILL INCREASE NATIONAL AWARENESS OF OUR PROGRAMS OF DISTINCTION. WE WANT TO SEE INCREASED ENROLLMENT IN IDENTIFIED PROGRAMS OF DISTINCTION AND IMPROVED EMPLOYMENT OUTCOMES FOR OUR GRADUATES. AS A CAMPUS, WE ARE CLOSELY CONNECTED TO INDUSTRY IN COLORADO SPRINGS. THESE INITIATIVES WILL ALLOW US TO CONTINUE TO SERVE OUR COMMUNITIES WORKFORCE NEEDS. SOME OF THESE PROGRAMS COULD BE IN THE AREAS OF CYBER SECURITY HEALTH WELLNESS AND SPORT. AS WE CONTINUE THIS JOURNEY OVER THE NEXT DECADE. THE FINAL STRATEGY IS TO PURSUE MUTUALLY BENEFICIAL PARTNERSHIPS AND OUTREACH TO ENHANCE THE COMMUNITIES WE SERVE. UCCS HAS BEEN CONNECTED TO OUR COMMUNITY SINCE THE [INAUDIBLE] BACK IN 1965. THANKS TO THE PACKET FROM [INAUDIBLE] WHO SAID IF YOU BELIEVE IN UNIVSERITY, WE'LL ESTABLISH A PLANT THERE. WE CONTINUE TO THRIVE THROUGH OUR PARTNERSHIP WITH THE COMMUNITY, EVEN TODAY, EVERY PARTNERSHIP WE TAKE ON, WE LOOK FOR A WIN-WIN. WE DON'T LOOK FOR WHAT'S IN IT FOR US, BUT WE ALSO LOOK FOR WHAT'S IN IT FOR OUR PARTNER. SO THAT KIND OF SUCCESS AND A WIN WIN WILL HELP US ESTABLISH SUSTAINABLE PARTNERSHIPS, WHICH WILL BE GOOD FOR BOTH OF US. THE BENEFITS INCLUDE GREATER INNOVATION, LEVERAGING THE STRENGTHS OF BOTH PARTIES AND THE SHARING OF RISK. WE HAVE A COUPLE OF GREAT EXAMPLES OF THAT. ONE IS THE HEBEL CENTER OF SPORT. WILLIAM J. HEBEL SPORTS MEDICINE PERFORMANCE CENTER. WE SPEND A LOT OF TIME WITH [INAUDIBLE] THINKING ABOUT WHAT'S IN IT FOR THEM AS WELL AS WHAT'S IN IT FOR US AS WE PLANNED THIS PARTNERSHIP. AND WE HOPE YOU WILL HAVE A GLIMPSE OF THAT WHEN YOU COME TO OUR CAMPUS LATER THIS SPRING. WE'LL BE INVESTING PUBLIC PRIVATE PARTNERSHIPS THAT YOU GIVE STUDENTS AND FACULTY ACCESS TO INDUSTRY PARTNERS. ANOTHER FINE EXAMPLE WE HAVE IS THE END CREDIT UNION. THANKS TO THEM, THEY NOT ONLY HAVE THEIR PRESENCE ON OUR CAMPUS, BUT THEY SUPPORT OUR INCENTIVE FOR THE ARTS. THEY PROVIDE SCHOLARSHIPS TO US. THEY PROVIDE THE SUPPORT, OUR ECONOMIC FORUM AND SO ON AND SO FORTH. SO PURSUING THIS STRATEGY WILL ALLOW US TO INVEST IN INNOVATIVE PARTNERSHIPS, HELP US TO BECOME THE FIRST CHOICE FOR PARTNERSHIPS IN OUR REGENT, CREATE A CULTURE OF SERVICE AND HOPEFULLY INCREASE OUR DONOR BASE AS WELL. FROM THE BEGINNING, WE KEPT THE BOARD OF REGENTS PRIORITIES IN MIND AS WE DEVELOPED OUR CORE STRATEGIES. I DESCRIBED THIS FOR YOU IN SEPTEMBER AND WE BELIEVE THAT WE ARE STILL IN STRONG ALIGNMENT WITH THE REGENT PRIORITIES. WHILE WORK ON THIS PLAN AND THIS NEW SYSTEM PLAN HAS BEEN GOING ON AT THE SAME TIME, WE FEEL VERY CONFIDENT THAT THE UCCS STRATEGIC PLAN IS AN EXCELLENT ALIGNMENT WITH THE CU SYSTEM, STRATEGIC PLAN THAT IS TAKING SHAPE AS WE SPEAK. AS YOU CAN SEE, ALL OF OUR CORE STRATEGIES HAVE A PLACE IN THE PLANS FOUR PILLARS. MANY OF OUR UCCS LEADERS WHO HELPED FORM THIS PLAN ARE ALSO ON THE SYSTEM PLAN WORKING GROUPS AND THEY CONTINUE TO LOOK FOR AREAS TO ENGAGE AND ALIGN. SO WHERE DO WE GO FROM HERE? WE MOVE FROM STRATEGIC PLANNING TO STRATEGIC DOING. EACH CORE STRATEGY HAS A NUMBER OF INITIATIVES THAT WILL HELP US REACH THE DESIRED OUTCOMES. INITIATED WORK GROUPS ARE LED BY AT LEAST ONE FACULTY AND ONE STAFF, AND THERE ARE FOUR TYPES OF INITIATIVES ARE EXISTING INITIATIVES WERE DEVELOPED BY THE CORE STRATEGY WORK GROUPS AND ARE ALREADY UNDERWAY. AND THEY TALK TO YOU ABOUT CYBER SECURITY, HEALTH, WELLNESS, SPORT AS EXAMPLES OF THOSE ARE FOUNDATION INITIATIVES ARE THE FIRST STEP FOR FUTURE INITIATIVES. WE NEED TO HAVE A STRONG RESEARCH FRAMEWORK. WE NEED TO MAKE SURE THAT WE HAVE A STRONG INCENTIVE BASED BUDGET MODEL [INAUDIBLE] IS A FOUNDATION AS WE BUILD OUR CAMPUS. OUR SUPPORTING INITIATIVES ARE CRITICAL TO THE DEVELOPMENT OF THE PEOPLE AND POLICIES THAT SUPPORT OUR MISSION. THIS WOULD INCLUDE PEOPLE PLAN AND STRATEGY AS WELL AS OUR FACILITIES OPERATIONAL PLAN AS WELL AS IT PLAN. AND OUR FUTURE INITIATIVES HAVE BEEN IDENTIFIED BUT WILL BEGIN ONCE THE FOUNDATIONAL WORK IS DONE. BUT I DO WANT TO TELL YOU THE STRATEGIC PLAN SHOULD NOT BE STATIC. IT HAS TO BE DYNAMIC. WHY? [01:15:01] BECAUSE BOTH EXTERNAL AND INTERNAL FACTORS CONTINUE TO CHANGE. MORE DEMANDS ARE PLACED ON UNIVERSITIES. SO WE WANT TO BE FLEXIBLE ENOUGH TO BE ABLE TO ADAPT TO THOSE CHANGES. SO WHAT WE DID THIS PLAN WAS CREATE IN TODAY'S ENVIRONMENT, THESE ARE DESIGNED TO BE FLEXIBLE IN YEARS FOUR TO 10 OF THE PLAN. WE ALSO SCHEDULED OUR TIMELINE TO REVIEW THIS PLANNED REGULARLY. WE DON'T WANT TO GET TO 2030 AND WONDER WHAT HAPPENED. WE DON'T WANT THIS PLAN TO BE ON THE SHELF. SO I RECOGNIZE THAT IT'S IMPOSSIBLE TO SUMMARIZE MORE THAN A YEAR'S WORTH OF WORK IN THE SHORT PRESENTATION THAT YOU GAVE ME ONLY 15 MINUTES. SO I WOULD ENCOURAGE YOU TO LEARN MORE ABOUT THIS PLAN. OUR CORE STRATEGIES AND OUR PLAN TO IMPLEMENT THE STRATEGIES BY VISITING OUR WEB SITE, THE BOOKLET YOU HAVE HAS MORE DETAILS. THE WEBSITE HAS FURTHER DETAILS. SO KNOW THAT IT'S STILL IN DEVELOPMENT PENDING YOUR APPROVAL OF THE PLAN. AND WE'LL CONTINUE TO WORK HARD TO SEE THAT IT IS SUCCESSFUL. THE 2013 STRATEGIC PLAN AND ALL OF OUR COLLECTIVE EFFORTS ARE CRITICAL NOT ONLY FOR OUR UNIVERSITY AND SEE YOU, BUT FOR THE [INAUDIBLE] INTERSECT AND AFFECT THE LIVES OF OUR STUDENTS AND OUR COMMUNITIES. AND I WANT TO SAY. THIS SEEMS LIKE AN ADMINISTRATIVE WORK, BUT AT THE END OF THE DAY, OUR ROLE AND GOAL IS TO TRANSFORM LIVES. SO THANK YOU FOR YOUR ATTENTION AND OPEN TO QUESTIONS. CHANCELLOR REDDY, THANK YOU FOR THAT PRESENTATION AND FOR THE COLLABORATION THAT WENT INTO PUTTING THIS STRATEGIC PLAN TOGETHER, IT'S VERY EXCITING. IT'S A GREAT PLAN MOVING FORWARD FOR UCCS IN THE NEXT 10 YEARS. AND I WOULD LIKE TO BRING FORWARD A MOTION THAT WE APPROVE THE UCCS 2030 STRATEGIC PLAN. THANK YOU. ANY OTHER DISCUSSION QUESTIONS? I'D LIKE TO SECOND. SO, YOU KNOW, ONE OF THE THINGS I'VE BEEN REALLY IMPRESSED WITH ABOUT UCCS IS OVER THE LAST FOUR YEARS IN [INAUDIBLE]. YOU ALL HAVE BROUGHT FORWARD, I THINK, SOME OF THE MOST INTERESTING AND INNOVATIVE NEW DEGREE PROGRAMS THAT ARE REALLY MEETING STUDENT NEEDS. YOU KNOW, THE NUTRITION ONE THAT'S ON THE CONSENT AGENDA IS REALLY COOL. THE BACHELORS IN SOCIAL WORK IS REALLY NEAT, YOU KNOW, AND IT SEEMED AS I WAS READING THROUGH THE MATERIALS THAT, YOU KNOW, YOUR COMMITMENT TO KIND OF HITTING YOUR ENROLLMENT GOALS IS REALLY BASED OFF OF BRINGING SOME OF THESE NEWER DEGREES INTO THE FOLD. AND I JUST HAVE A QUESTION AND I BRIEFLY CHATTED WITH CHUCK BEFOREHAND. YOU KNOW, AS WE IMPLEMENT NEW DEGREE PROGRAMS, WE'RE KIND OF INCURRING SIGNIFICANT FIXED COSTS AND LONG TERM INVESTMENTS IN THESE PROGRAMS. AND MAYBE TALK TO US A LITTLE BIT MORE ABOUT THE STRATEGY YOU HAVE BEHIND THAT SO THAT WE DON'T WIND UP, YOU KNOW, KIND OF WITH A PORTFOLIO OF DEGREE PROGRAMS THAT MAYBE ARE NOT CONTRIBUTING TO THAT OVERALL UPWARD TRAJECTORY. SO WHAT WE HAVE, HOW WE APPROVE AN ACADEMIC PROGRAM IS THE COLLEGE'S FIRST SPEND SOME TIME WITH THE CONCEPT PAPER AND THEY RUN THE CONCEPT PEOPLE THROUGH THE DEANS COUNCIL AND THROUGH THE CABINET. AND WE'LL SAY, OH, THAT SOUNDS LIKE A GOOD IDEA. HERE ARE ALL THE CONCERNS WE HAVE ABOUT THE PROGRAM. SO THEN THEY GO BACK TO THEIR COLLEGE AND WE ACTUALLY HAVE A TEMPLATE THAT THEY HAVE TO PRETTY MUCH ALIGN SAYING FIRST YEAR. WHAT DO YOU EXPECT? HOW MANY ENROLLMENTS ARE GONNA COME IN? SECONDLY, A 30 OR 40. AND SO ON. SO THEY DO A LOT OF MARKET ANALYSIS AND THEY NEED TO SHOW THAT AT SOME POINT IN THOSE 1, 2, 4 YEARS THAT THEY NEED TO HIT THAT POSITIVE LEVEL AND CONTINUE TO GROW. SO IT'S A REALLY WELL-DESIGNED, PROFOUND STATEMENT. WE'VE BEEN USING FOR THE LAST FIVE YEARS. SO IT'S PRETTY SOLID. I'LL GIVE AN EXAMPLE. YOU ALL APPROVED THE SOCIAL WORK PROGRAMS, UNDERGRADUATE AND GRADUATE. THEY ARE ALREADY FAR EXCEEDED WHAT'S IN THE [INAUDIBLE]. SO MY FEAR IS THEY COME BACK NEXT YEAR AND SAY, GIVE US MORE RESOURCES BECAUSE WE GOT [INAUDIBLE] ENROLLMENT. SO THAT'S THE KIND OF SOLID RESEARCH THAT GOES INTO IT. IN TERMS OF BEING A PROGRAM HAPPEN. THE FLIP SIDE OF IT, WE HAVE A LOT OF EXISTING PROGRAMS THAT ARE GROWING. SO THAT HAS CREATED A PROBLEM FOR US AS WE SUPPORT NEW PROGRAMS. SO AS WE MOVE TO THE INCENTIVE BASED MODEL, THAT'S ALL GOING TO CHANGE. NOW THE OVERALL GROWTH WILL BE SUPPORTED. SO THAT WILL FLOURISH TOGETHER, NOT JUST BASED ON NEW PROGRAMS THAT WILL ANSWER YOUR SECOND PART OF THE QUESTION. THEN WE CAN REALLY START CONVERGING TO MAKE SURE THAT THE PROGRAMS WE OFFER ARE [01:20:02] RELEVANT, MARKET DRIVEN, AS WELL AS ALIGNED WITH THE MISSION AND STRATEGIC GOALS OF THE CAMPUS. SO DO YOU HAVE ANY SORT OF BASELINE ENROLLMENT GOALS THAT YOU EXPECT PROGRAMS TO HIT BEFORE YOU INVEST ADDITIONAL FUNDS AND TENURED FACULTY LINES AND THINGS LIKE THAT? GENERALLY, WE DON'T START WITH TENURED FACULTY LAYOFFS IN MANY PROGRAMS UNLESS THERE IS THEIR ACCREDITATION REQUIREMENTS THAT NEED THAT. SO EVEN THEN, IT'S KIND OF A SLOW EVOLUTION. SO WE MIGHT START WITH [INAUDIBLE] FACULTY LET THE PROGRAMS PROVE THEMSELVES BEFORE WE COMMIT TO TENURE TRACK LIGHTS. SO THAT'S KIND OF HOW WE KIND BE CAUTIOUS ABOUT THAT. TENURE TRACK IS A HUGE INVESTMENT AND WE WANT TO MAKE SURE THAT THAT'S WHERE WE NEED IT. THANK YOU FOR THAT UPDATE ON THE PLAN. I JUST HAVE A QUESTION RELATED TO I.T. AND ONLINE EDUCATION. OBVIOUSLY, WE'VE GOT A COUPLE OF CONTRACTS OUT TO STUDY THOSE TWO AREAS ACROSS CAMPUSES WITH RECOMMENDATIONS COMING TO US FAIRLY SOON. SO I ASSUME YOU'LL BE WAITING TO HEAR WHAT THOSE RECOMMENDATIONS ARE BEFORE YOU SET OUT TO, YOU KNOW, IMPROVE THOSE I.T. AND THE ONLINE EDUCATION OR INCREASE OR WHATEVER IT IS THAT YOU WOULD LIKE TO DO. YES. SO JUST TO ELABORATE FURTHER, I'M REALLY GLAD WE ARE FOCUSING SO MUCH ON THESE TWO INITIATIVES BECAUSE. IF WE DON'T STRENGTHEN OUR ONLINE PROGRAMS, OUR STUDENTS WILL BE SOMEBODY ELSE'S STUDENTS TOMORROW. AND MORE IMPORTANTLY, IT'S IMPORTANT TO SERVE THE KIND OF STUDENTS WHO ARE SERVING. OUR STUDENTS ARE WORKING ON 70 PERCENT OF OUR STUDENTS ARE DOING 1-2-3 JOBS AS THEY GO TO SCHOOL. HOW ABOUT GIVING THEM THAT FLEXIBILITY, BIG ONLINE CLASSES SO THEY CAN ACTUALLY WORK AS WELL AS GO TO SCHOOL WITHOUT LOSING TIME? WE ALSO HAVE MILITARY RELATED STUDENTS, EXTRAORDINARILY VALUABLE FOR THEM THAT THEY CAN COMPLETE AN ENTIRE DEGREE PROGRAM WITHOUT COLLECTING RADARS ALL OVER THE PLACE. SO THAT'S ANOTHER POWERFUL REASON. SO IT'S NOT ONLY IMPORTANT FOR OUR OWN FISCAL STABILITY, BUT IT'S MORE IMPORTANT FOR SUPPORTING OUR STUDENTS AND GIVING THAT CONVENIENCE AND FLEXIBILITY AND ALSO FOR OUR FACULTY TO TRY OUR INNOVATIVE WAYS OF REACHING OUR STUDENTS FROM THAT PERSPECTIVE. GREAT. THANK YOU. OTHER COMMENTS, QUESTIONS? WE HAVE A. DID YOU WANT TO. CHAIRMAN I WOULD JUST SAY I APPRECIATE THE GOOD WORK THAT'S BEING DONE ON THE CAMPUS. I APPRECIATE THEIR FOCUS ON ALIGNING IT WITH THE REGENTS PRIORITIES AND THE SYSTEMS PLAN. AND I ENDORSE US SUPPORTING THIS PLAN. AND I'M CONFIDENT TO THE EXTENT THERE ARE ANY THINGS THAT NEED TO BE ADAPTED THAT WE'LL WORK CLOSELY TOGETHER TOWARDS THAT. SO CONGRATULATIONS. AND IT HAS MY ENDORSEMENT THAT WE APPROVE IT. IT'S BEEN MOVED BY REGENT SHARKEY AND SECONDED BY REGENT KROLL TO APPROVE THE UCCS 2030 STRATEGIC PLAN. WE'VE HAD OUR DISCUSSION. ALL IN FAVOR. SAY AYE. OPPOSED. CONGRATULATIONS. THANK YOU VERY MUCH. APPRECIATE IT. WE'RE READY TO MOVE TO OUR CONSENT AGENDA. AND IF REGENTS ARE FAMILIAR ENOUGH WITH THIS, SOMEONE COULD MAKE A MOTION. [G. 3:15 p.m. CONSENT AGENDA] I'D LIKE TO PROPOSE RE-APPROVE ITEMS ONE THROUGH FIFTEEN ON THE CONSENT AGENDA. SECOND. AND A SECOND BY REGENT SMITH. ANY DISCUSSION? ALL IN FAVOR. SAY AYE. AYE. NAY? CONSENT AGENDA PASSES. WE'RE READY FOR THE UNIVERSITY AFFAIRS COMMITTEE DISCUSSION AND ACTION ITEMS. [H. 3:20 p.m. UNIVERSITY AFFAIRS COMMITTEE DISCUSSION AND ACTION ITEMS] THANK YOU. WE'RE GOING TO TRY TO GET REGENT GANAHL ON THE TELEPHONE. BUT WE COULD GO AHEAD. ABSOLUTELY. I'M THE CHAIR OF THE UNIVERSITY AFFAIRS COMMITTEE AND WE LAST MET ON JANUARY 17. THE COMMITTEE CONSISTS OF MYSELF, VICE CHAIR HEIDI GANAHL WHO IS GOING TO TRY TO REACH BE WITH US ON THE PHONE. CHANCE HILL AND LESLIE SMITH. WE OFTEN HAVE MANY OTHER REGIONS PRESENT AS WE DID THIS TIME. THE FIRST ORDER OF BUSINESS WAS TO APPROVE THE NEW DEGREE IN HUMAN PHYSIOLOGY AND NUTRITION THAT WE APPROVED ON THE CONSENT AGENDA TODAY. SECONDLY, WE HEARD A ROBUST PRESENTATION ON RESEARCH FROM OUR TWO BIG RESEARCH CAMPUSES TOGETHER, THE BOULDER AND THE ANSCHUTZ CAMPUS. BRING US MORE THAN 1 BILLION DOLLARS PER YEAR IN RESEARCH FUNDING. SO WE ASKED THE LEADERS FROM THOSE CAMPUSES TERRY FEES PH. [01:25:02] D THE VICE CHANCELLOR FOR RESEARCH ON THE BOULDER CAMPUS, AND THOMAS FLAGG, M.D., THE VICE CHANCELLOR FOR RESEARCH ON THE ANSCHUTZ CAMPUS TO COME SPEAK WITH US ABOUT THEIR INFRASTRUCTURE, THEIR SUPPORT AND THE OPPORTUNITIES, THE NEEDS THAT THEY SEE IN RESEARCH. AND I DO THINK THAT THIS IS AN AREA THAT WE DON'T SPEND ENOUGH TIME ON AS REGENTS BECAUSE IT JUST SEEMS TO BE AN ENGINE THAT IS ON EACH CAMPUS AND ITS WORK IS WORKING WELL. BUT WE NEED TO LET THEM KNOW THAT WE ARE VERY APPRECIATIVE OF ALL THE WORK THAT GOES INTO A GRANT PROPOSAL AND ACTUALLY BRINGING THAT MONEY TO THIS UNIVERSITY. THIRDLY, WE TALKED ABOUT CIVICS, AND I'M GOING TO JUST DEFER MY COMMENTS THERE. WE'RE GOING TO BRING UP THE VICE PRESIDENT LIGHTENER FOR AN ACTION ITEM HERE TO TALK ABOUT OUR NEW CIVICS RESOLUTION. AND DO WE HAVE REGENT GANAHL ON THE PHONE? YES. HEIDI, CAN YOU HEAR? YEAH THANK YOU. GREAT. SO THANK YOU, YOU HAVE ALL SEEN THIS BEFORE. I JUST LIKE TO LAY IT OUT FOR YOU AND OPEN THE FLOOR FOR ANY OTHER DISCUSSIONS. THE BACKGROUND IS THAT THE UNIVERSITY AFFAIRS, AS REGENT SHOEMAKER INDICATED, MET ON JANUARY 17TH TO CONSIDER A RESPONSE TO THE BOARD RESOLUTION FROM THE NOVEMBER 2019 MEETING. THAT DISCUSSION WAS INFORMED AND BY REGENT CARSON PROVIDING CLARIFICATION AND HELPING US MOVE THE DISCUSSION FORWARD. THE COMMITTEE WAS VERY INVOLVED. THE OTHER REGIONS AT THE MEETING AS WELL. AND WE HAD CONVERSATIONS WITH THE VARIOUS CAMPUSES AND WITH FACULTY AS THIS RESOLUTION THAT YOU HAVE SEEN WAS DEVELOPED. WE ALSO PRESENTED IT TO ICSF AND YOU HEARD THAT THEY WERE SATISFIED WITH THIS RESOLUTION. SO THIS WAS UNANIMOUSLY SENT TO YOU BY UNIVERSITY AFFAIRS. WE START THE RESOLUTION BY REAFFIRMING THAT IS. YOU WOULD REAFFIRM THE REGENT LAWS AND POLICIES ON ACADEMIC FREEDOM AND FREEDOM OF EXPRESSION. AND THEN IT ASKS FOR A REPORT. AND THE REPORT LOOKS AT TWO KINDS OF INFORMATION AND THEN HAS A ACTION ITEM AT THE END TO SAY, WHAT DO YOU DO WITH THAT INFORMATION? SO THE FIRST SET OF INFORMATION IS ABOUT STUDENTS TAKING COURSES ON OUR CAMPUS IS NOW RELATED TO CIVICS. ONE OF THE EXAMPLES WAS THE AMERICAN POLITICAL SYSTEM, [INAUDIBLE] 11-01 HOW DID THE STUDENTS PARTICIPATING IN THE VARIOUS INITIATIVES THAT HAVE BEEN APPROVED BY THE REGENTS AND IN CERTIFICATES THAT HAVE BEEN DEVELOPED BASED ON REGENT RESOLUTION FROM PREVIOUS MEETINGS AND THEN PROGRAMS THAT WE HAVE FOR STUDENTS AND TO PARTICIPATE IN INTERNSHIPS IN D.C. AND ALSO VISITS TO DENVER AS THE STATE CAPITAL. AND YOU HEARD ABOUT ONE OF THOSE VISITS THAT'S GOING TO COME UP IN JUST A FEW WEEKS. THE SECOND PART OF THIS GROUP OF INFORMATION IS STUDENTS COMING INTO THE UNIVERSITY. WHAT BACKGROUND DO OUR INCOMING STUDENTS HAVE IN TERMS OF CIVICS EDUCATION IN THE HIGH SCHOOLS? AND THERE ARE A NUMBER OF THINGS CALLED OUT HERE. SO THAT'S PART A OF THE RESOLUTION. PART B IS A DIFFERENT SET OF INFORMATION, MORE PROGRAMMATIC. WHAT'S GOING ON WITH OUR RESIDENTIAL ACADEMIC PROGRAMS? WHAT ARE WE DOING IN TERMS OF THE REGENTS ONLINE RESOLUTION THAT WAS MODIFIED TO TAKE ONE OF THE ONLINE COURSES AND MAKE IT A CONCURRENT ENROLLMENT COURSE FOR HIGH SCHOOLS THROUGHOUT THE STATE? SO HOW IS THAT GOING? HOW ARE WE MARKETING IT AND SO FORTH. WHAT DO WE DO AROUND CONSTITUTION DAY? YOU'VE HEARD DISCUSSIONS FROM PRESIDENT KENNEDY ON SOME OF THE VERY INTERESTING THINGS THAT HE WANTS TO HAPPEN IN TERMS OF THE CELEBRATIONS AROUND THAT DAY. AND THEN FINALLY LOOKING AT ACTIVITIES AROUND THE CAMPUS THAT OUR STUDENTS MIGHT PARTICIPATE IN. SO THIS IS THE INFORMATION GATHERING PART OF THE RESOLUTION. AND THEN THERE'S AN ANALYSIS PART. ANALYSIS PART IS FOCUSED ON UNDERSTANDING BARRIERS TO PARTICIPATION. SO ARE THERE BARRIERS SUCH AS WE DON'T HAVE ENOUGH SECTIONS OF PARTICULAR COURSES IN PARTICULAR SEMESTERS THAT STUDENTS WANT. IF WE DON'T HAVE ENOUGH SECTIONS THEY COULDN'T TAKE THAT. THEY WOULD TAKE SOME OTHER ELECTIVE BECAUSE THEY'RE MOVING THROUGH THEIR UNDERGRADUATE PROGRAM. [01:30:01] IF WE CAN IDENTIFY THAT AND WE CAN MAKE MORE SEXUALLY AVAILABLE, SIMPLE EXAMPLE, ONE MIGHT BE JUST NOT ENOUGH ADVISING TO LET PEOPLE KNOW WHAT'S OUT THERE. SO THIS IS NOT ABOUT INDIVIDUAL STUDENTS. THIS IS ABOUT IDENTIFYING BARRIERS AND UNDERSTANDING HOW WE MIGHT BE ABLE TO LOWER THOSE BARRIERS. SO THREE PARTS LOOKING AT STUDENTS ACTIVITIES, CURRENTLY LOOKING AT INCOMING STUDENTS BACKGROUNDS, LOOKING AT PROGRAMS ON OUR CAMPUSES AND THEN UNDERSTANDING BASED ON ALL OF THIS WHERE WE MIGHT HAVE BARRIERS AND HOW WE MIGHT BE ABLE TO REDUCE THOSE BARRIERS. SO THAT'S THE RESOLUTION. IT'S EXACTLY WHAT HAS BEEN SENT TO YOU IN PREVIOUS EMAILS. AND WE'RE OPEN FOR DISCUSSION. YES, SURE. THANK YOU. VICE PRESIDENT LEITNER AND THE UNIVERSITY AFFAIRS COMMITTEE FOR ALLOWING THIS AND FOR REGENT CARSON'S DILIGENCE AND AND PURSUING THIS AND HIS. HIS FLEXIBILITY IN WORKING WITH LOTS OF DIFFERENT PEOPLE AND GROUPS, INCLUDING FACULTY COUNCIL. THIS ISN'T JUST AT THIS POINT REGENT DRIVEN, BUT HAS BEEN VERY COLLABORATIVE. IT'S BEEN IT'S BEEN A WORK IN PROGRESS PROCESS NOW FOR SEVERAL YEARS. ONE AREA THAT IS IN THIS RESOLUTION THAT I'VE HAD A PARTICULAR INTERESTED IN IS THE RESIDENTIAL ACADEMIC PROGRAM. THANK YOU FOR THE REPORT ON THE CURRENT WRAPS THAT ARE OCCURRING AT CU BOULDER. I THINK THE RESIDENTIAL ACT ACADEMIC PROGRAMS ARE REALLY FABULOUS. I'VE ALWAYS LOVED THOSE PROGRAMS. I LOVED IT WHEN MY DAUGHTER PARTICIPATED IN THE INTERNATIONAL STUDIES. BUT I CERTAINLY SEE CIVICS AS AS A POSSIBILITY FOR A WRAP. A VERY SPECIFIC WRAP FOR CIVICS. AND I'LL LOOK FORWARD TO HEARING MORE ABOUT HOW THAT CAN BE PUT TOGETHER. WHAT'S INVOLVED IN THAT? THAT CERTAINLY ISN'T SHOULDN'T BE DRIVEN FROM THE TOP DOWN, BUT COME FROM, YOU KNOW, FACULTY AND AND I'M NOT SURE HOW THESE ARE CREATED ON THE BOULDER CAMPUS. I'D LIKE TO LEARN MORE ABOUT THAT. BUT I DO WANT TO SEE A REPORT BEFORE OUR NEXT BOARD OF REGENTS MEETING ON WHAT WOULD BE INVOLVED IN CREATING A NEW WRAP ON CIVICS OR OTHER DISCUSSION. YES. I WANT TO THANK THE UNIVERSITY AFFAIRS COMMITTEE AND CHAIR SHOEMAKER FOR BRINGING THIS RESOLUTION FORWARD. I KNOW IT'LL SHOCK YOU ALL, BUT I DO SUPPORT IT. AND I WILL I WILL VOTE FOR IT. I THINK THAT IT'S VERY CONSISTENT, ACTUALLY, WITH THE LAWS OF THE REGIONS AND THE GUIDING PRINCIPLES IN THE MISSION OF THIS UNIVERSITY. IF YOU LOOK AT THE MISSION OF THE UNIVERSITY OF COLORADO. ITEM NUMBER EIGHT ON THAT STATES THAT OUR MISSION, ONE OF OUR MISSION POINTS AND GUIDING PRINCIPLES IS TO STRIVE TO MEET THE NEEDS OF THE STATE OF COLORADO, INCLUDING HEALTH CARE TECHNOLOGY, WORKFORCE TRAINING AND CIVIC LITERACY. SO IT'S RIGHT THERE IS ONE OF THE KEY GUIDING PRINCIPLES OF OUR UNIVERSITY. IF YOU IF YOU LISTEN TO PRESIDENT KENNEDY'S PRESENTATION ON THE CU.EDU WEB SITE ON THE STRATEGIC PLAN, HE TALKS ABOUT THE 2026. 2026 BEING THE 150TH ANNIVERSARY OF THE UNIVERSITY COLORADO. 2026 IS ALSO VERY SIGNIFICANT BECAUSE IT'S ACTUALLY THE SEMI QUINN CENTENNIAL OF THE UNITED STATES OF AMERICA. 250TH ANNIVERSARY OF THE BIRTH OF THE COUNTRY. AND I THINK IT'S A GOOD OCCASION FOR US ALL TO RE-DEDICATE OURSELVES TO CIVIC LITERACY. I THINK THIS RESOLUTION IS EXACTLY ON TARGET, SETTING OUT THE KIND OF BENCHMARKS AND MEASUREMENTS THAT WE NEED TO MAKE CIVIC LITERACY A PRIORITY FOR THE UNIVERSITY AND LEAD ON THAT IN THE STATE. AND I'LL JUST CONCLUDE BY SAYING. I WANT TO QUOTE SOMEONE I THINK AND I ADMIRE AS MUCH WISER THAN I. THE CHIEF JUSTICE OF THE UNITED STATES, WHO HIS ANNUAL REPORT TO THE JUDICIARY, HE BUILT IT ALL AROUND THE NEED TO GET BACK TO CIVICS EDUCATION IN THIS [01:35:05] COUNTRY. AND HE SAYS CIVIC EDUCATION, LIKE ALL EDUCATION, IS A CONTINUING ENTERPRISE AND CONVERSATION. EACH GENERATION HAS AN OBLIGATION TO PASS ON TO THE NEXT, NOT ONLY A FULLY FUNCTIONING GOVERNMENT, RESPONSIVE TO THE NEEDS OF THE PEOPLE, BUT THE TOOLS TO UNDERSTAND AND IMPROVE IT. AND I'VE ALWAYS BEEN KIND OF DEPRESSED AT ONE OF THOSE CIVICS QUESTIONS. THEY ASK PEOPLE WHO IS THE CHIEF JUSTICE OF THE UNITED STATES AND LESS THAN HALF OF AMERICANS CAN NAME THE CHIEF JUSTICE OF THE UNITED STATES. BUT I WILL SAY ONE OF THE ONE OF THE BENEFITS OF THE RECENT IMPEACHMENT TRIAL IN THE UNITED STATES SENATE IS I HOPE NOW THAT MORE THAN HALF OF THE PEOPLE IN OUR COUNTRY KNOW THAT JOHN ROBERTS IS THE CHIEF JUSTICE OF THE UNITED STATES. SO I WILL CONCLUDE WITH THAT. AND THANK YOU ALL FOR YOUR WORK ON THIS. WE HAVE A COUPLE OF OTHER QUESTIONS AND SOME DISCUSSION. REGENT SHARKEY. WELL, I JUST WANTED TO BRING FORWARD A MOTION TO PASS THIS RESOLUTION ON CIVICS. IS THERE A SECOND? SECOND. A MOTION AND SECOND. AND WE HAVE FURTHER DISCUSSION? THANK YOU. FIRST OF ALL, I WANT TO THANK THE PROVOS AND THE FACULTY FOR TAKING ON THIS CHALLENGE FROM THE REGENTS AND DEVELOPING A RESOLUTION THAT IS DESIGNED TO COLLECT DATA ON CIVICS, AS WELL AS TAKING ON THE CHALLENGE OF WORKING THROUGH THE CERTIFICATES, THE WASHINGTON TRIP AND THE EFFORTS THAT WERE MADE AT UCCS IN DEVELOPING A CIVICS PROGRAM THERE. YOU KNOW, I DO TRULY BELIEVE THAT THIS THIS RESOLUTION IS GOING TO PASS. AND I DO RESPECT ALL MY COLLEAGUES FOR ALL THE WORK THAT THEY HAVE DONE. AND AGAIN, I RESPECT ALL THE WORK THAT YOU HAVE DONE WORKING WITH THE PROVOS AND WORKING WITH FACULTY COUNCIL AND GETTING US TO THIS POINT. HOWEVER, I WILL NOT BE SUPPORTING THIS RESOLUTION TODAY. AND I WANT TO SHARE WITH YOU WHY AND AND DEFINITELY KEEP IN MIND, IT'S NOT BECAUSE I DON'T RESPECT THE WORK THAT IS SOME BEHIND THIS. I TRULY BELIEVE IN IT. BUT ONE OF THEM HAS TO DO WITH. WE'RE TALKING ABOUT INCOMING STUDENTS IN THEIR BACKGROUNDS. AND AS ALL OF YOU KNOW, I'M A PRODUCT OF PRE K-12. AND FOR YEARS, AS YOU KNOW, A PRINCIPAL AND A COMMUNITY SUPERINTENDENT, YOU KNOW, WE DILIGENTLY WORKED ON OUR COLORADO STATE STANDARDS. AND IN ORDER FOR ANY STUDENT TO GRADUATE FROM OUR HIGH SCHOOLS, THEY HAVE TO PASS A CIVICS COURSE. AND IF THEY DON'T PASS THAT CIVICS COURSE, YOU DON'T GRADUATE. THAT'S HOW SERIOUSLY THAT I FEEL THE IMPORTANCE OF BEING ABLE TO TO MAKE SURE THAT OUR STUDENTS HAVE THE EXPOSURE AND THEY LEARN ABOUT CIVICS AND THEY LEARN ABOUT IT IN THEIR CLASSROOMS. I'VE BEEN VERY SUPPORTIVE OF THAT. SO KEEPING THAT IN MIND, YOU KNOW, I FEEL LIKE AND I. AND I THINK THAT THE DATA THAT YOU'RE GOING TO RECEIVE OR COME UP WITH, I HOPE WILL SHOW HOW WELL OUR HIGH SCHOOL STUDENTS ARE DOING IN COLORADO. I REALLY DO. ALSO, I AM JUST PERSONALLY CONCERNED ABOUT PUTTING FORTH ANY MORE MONEY. AND I KNOW THIS IS AN ISSUE. INITIATIVE MONEY IN A TIME WHEN I DON'T HAVE A GOOD HANDLE ON WHAT OUR BUDGET IS GOING TO LOOK LIKE. I KNOW THERE'S LOT OF CHALLENGES THAT WE'RE GOING TO HAVE WITH OUR BUDGET THIS YEAR. AND I'M NOT I DON'T FEEL COMFORTABLE THAT I'M IN A POSITION TO APPROVE ANOTHER INITIATIVE DURING THIS TIME PERIOD AND TO PUT FORTH THE MONEY TO AFFORD THIS. I AM SUPPORTIVE AND I WAS EVEN A LITTLE NERVOUS, AS I THINK MANY OF YOU KNOW, OF PUTTING FORTH ALL THE MONEY WE DID FOR UCCS BECAUSE I COULDN'T VOTE FOR THAT BECAUSE WE DIDN'T HAVE THE BUDGET AT THE TIME. AND AND STILL, YOU KNOW. PRESIDENT KENNEDY ASSURES ME THAT WE'RE GONNA BE FINE. I'M JUST PERSONALLY NOT COMFORTABLE WITH THAT. BUT I'M NOT DONE. I HAVE JUST A LITTLE BIT MORE. BUT AGAIN, I WANT TO LIKE YOU SAID, I REALLY DO BELIEVE THIS RESOLUTION IS GOING TO PASS, BUT I WANT TO JUST ALSO SHARE THAT. SO AS WE MOVE FORWARD, I HOPE THAT IF THE DATA DOES SHOW THAT THERE IS A NEED FOR RELEVANT CIVICS CLASSES THAT WE DO HAVE, THAT OUR FACULTY HAS OUR SUPPORT TO [01:40:01] BE CREATIVE IN DEVELOPING THOSE COURSES THAT ARE RELEVANT TO OUR STUDENTS. I HAVE SPENT A LOT OF TIME ON THIS ISSUE. I'VE DONE A LOT OF STUDY ON THIS ISSUE. AND ONE OF THE THINGS I'VE DONE IS INTERVIEW PARENTS IN JEFFERSON COUNTY, DENVER AND IN BOULDER ABOUT HOW DO THEY FEEL ABOUT THEIR STUDENTS VISIT A CIVICS CLASS. AND WHAT I HEARD FROM ALL OF THEM WAS HOW RIGOROUS IT WAS AND HOW CHALLENGING IT WAS AND ALSO HOW MUCH THEY APPRECIATED IT. AND, YOU KNOW, I HAVE A GRANDSON, YOU KNOW, HE JUST YOU KNOW, HE TOOK A CIVICS TOOK A CIVICS CLASS. AND HE'S A MULTIRACIAL KID. JUST BEAUTIFUL KID. I SHOULDN'T SAY KID, YOUNG MAN. AND HE SCORED TOP IN HIS CLASS. HE GOT THE HIGHEST SCORE. CIVICS CLASS IN HIGHEST CIVICS CLASS SCORE. AND ONE THING I HOPE THAT IS THAT HE HAS THE OPPORTUNITY, IF HE CHOOSES TO TAKE A CIVICS CLASS AS YOU OLDER, WHICH IS WHERE HE WANTS TO GO. MY HOPE IS THAT HE WILL BE ABLE TO TAKE A CIVICS CLASS THAT IS RELEVANT AND AND IN HIS VIEW, THROUGH HIS CULTURE, HIS EYES OF HIS CULTURE AND AND HIS HISTORICAL LENS. AND THAT IS TAKEN INTO CONSIDERATION AS WE DEVELOP THE CURRICULUM AROUND CIVICS SO THAT HE CAN EXPAND HIS GROWTH AND LEARNING ABOUT CIVICS NOT ONLY FROM THE TRADITIONAL LENS, BUT ALSO FROM A LENS THAT IS RELATIVE TO WHO HE IS. AND HE REPRESENTS SO MANY YOUNG PEOPLE IN OUR WORLD. THANK YOU, REGENT GRIEGO. SO THE OTHER DAY I WALKED TO THE MAILBOX AND I GOT THE MAIL AND I GOT THIS LITTLE CARD. WELL, I DIDN'T GET IT. AS MANY OF YOU KNOW, I HAVE A NEW ADDITION IN THE FAMILY BABY LUCY. AND WHAT CAME IN THE MAIL, I SAID TO VANESSA AND I SAID TO LUCY, I DON'T THINK SHE QUITE PROCESS. I SAID, THIS IS PROBABLY THE MOST IMPORTANT PIECE OF MAIL YOU'LL EVER RECEIVE IN YOUR LIFE. ANYONE WANT TO TAKE A GUESS WHAT IT WAS? SOCIAL SECURITY CARD THAT'S ABSOLUTELY RIGHT. THAT ENTITLES HER TO BE PART OF ONE OF THE GREATEST CIVILIZATIONS EVER TO BEFALL THIS THIS PLANET. SO I'M GOING TO SUPPORT THIS RESOLUTION. I APPRECIATE THE PASSION THAT REGENT CARSON HAS PUT INTO IT OVER THE REALLY EVER SINCE I GOT ON THE BOARD. I THINK I'VE HEARD REGENT CARSON TALK ABOUT A FEW THINGS AND THIS IS ONE OF THEM. SO I APPRECIATE THAT EFFORT. BUT I DO HAVE A QUESTION FOR FOR MICHAEL LEITNER, BECAUSE IRENE BRINGS UP, I THINK, A REALLY GOOD POINT. YOU KNOW, WE WE SOMETIMES CONSTRUE THE FOUNDING FATHERS AND THE DOCUMENTS THAT SUPPORT OUR DEMOCRACY IN A VERY ROSY LENS. BUT WE KNOW THAT OUR COUNTRY HAS BEEN SUBJECT TO A SIGNIFICANT AMOUNT OF CIVIL STRIFE AND THE CHALLENGES THAT HAVE BEEN BROUGHT ABOUT BY A LOT OF SOCIAL INEQUALITY IN OUR COUNTRY. AND I WONDER, AS WE EVALUATE WHAT COURSES ON CIVICS OUR STUDENTS ARE TAKING. ARE WE CASTING A WIDE ENOUGH NET TO NOT ONLY PROVIDE THE OPPORTUNITY FOR OUR STUDENTS TO UNDERSTAND WHAT MAKES THIS COUNTRY AMAZING, BUT ALSO TO UNDERSTAND WHERE THIS COUNTRY MAY HAVE FALLEN SHORT AND WHERE WE CAN IMPROVE IN THE FUTURE? BECAUSE AS JOHN HAS POINTED OUT BEFORE, YOU KNOW, ONE OF HIS FAVORITE AMERICANS OF ALL TIME IS MARTIN LUTHER KING JR. AND HE CERTAINLY WAS A MAN WHO TOOK US THROUGH A REALLY TURBULENT TIME IN AMERICA'S HISTORY AND ALLOWED AMERICA TO CONFRONT SOME OF ITS SHORTCOMINGS IN A MEANINGFUL WAY. SO MY QUESTION AGAIN TO VICE PRESIDENT LEITNER IS, YOU KNOW, ARE WE APPROACHING THIS FROM A FACULTY POINT OF VIEW THAT IS REALLY TAKING A HOLISTIC VIEW OF CIVICS? THE GOOD AND THE BAD, ALONG WITH ONE OF THE THINGS THAT WE WILL BE DOING WITH THIS DATA IS TRYING TO UNDERSTAND AS AS HAS BEEN DESCRIBED BY REGENT GRIEGO, WE'VE GOT STUDENTS COMING IN WHO ARE WELL-PREPARED. THEY'VE GOT GOOD BACKGROUNDS. THEY MAY CHOOSE REGENT KROLL TO YOUR POINT, NOT TO TAKE A ONE TO ONE COURSE, BUT TO TAKE A MORE ADVANCED COURSE THAT TAKES A BROADER PERSPECTIVE ON THE QUESTIONS AS YOU HAVE RAISED THEM. AND SO WE'RE GOING TO LEARN THAT AS WE GO THROUGH THIS PROCESS, THE FACULTY ARE DEVELOPING THE COURSES THAT THE FACULTY ARE DEVELOPING. THOSE ARE AVAILABLE NOW. WHAT WE WANT TO UNDERSTAND IS INCOMING STUDENTS PREPARATION, WHICH MAY BE GREAT. THEY TAKE COURSES THAT ARE MORE ADVANCED, STUDENTS THAT DON'T HAVE THAT BACKGROUND AND MAY GO RIGHT INTO [INAUDIBLE] IF YOU WILL. SO THERE'S A RICHNESS THAT'S ALREADY AVAILABLE. AND I THINK AS WE GO THROUGH THIS WORK, WE'LL UNDERSTAND HOW THAT RICHNESS IS ACTUALLY TAKEN ADVANTAGE OF BY THE STUDENTS. AND THAT'S ONE OF THE THINGS WE MAY LEARN. WE HAVE ENOUGH OF THIS BECAUSE THE STUDENTS ON A PARTICULAR CAMPUS ARE PREPARED TO GO TO ANOTHER SET OF COURSES. WE'LL LEARN THAT THE FACULTY DEVELOP THE COURSES, THE WAY THE FACULTY DEVELOP COURSES. SO REGENT GANAHL ARE YOU STILL WITH US? [01:45:02] YEAH. YEAH, WE HAVE REGENT SHOEMAKER IS GONNA MAKE A COMMENT, AND IF YOU WANT TO GET ON THE AGENDA, WE DON'T WANT TO FORGET ABOUT YOU. SO DO YOU WANT US TO INCLUDE YOU? I COULDN'T HEAR THAT VERY WELL. AFFAIRS COMMITTEE. I'M JUST EXCITED TO BE ABLE TO VOTE IT FORWARD, HOPEFULLY. OK. THANK YOU. WE DIDN'T WANT TO FORGET YOU. REGENT SHOEMAKER. THANK YOU. THANK YOU. I, TOO, ADMIRE REGENT CARSON'S PASSION AND PERSISTENCE ON THIS ISSUE. AND I DO SUPPORT CIVIC LITERACY. I WANT ALL OF OUR STUDENTS AND INDEED ALL THE STUDENTS IN OUR COUNTRY TO BE AWARE OF HOW OUR COUNTRY WAS FOUNDED AND THE IDEALS ON WHICH WE STAND. HOWEVER, I'M ALSO GOING TO NEED TO VOTE AGAINST THIS. AND I'D LIKE TO JUST VERY BRIEFLY EXPLAIN WHY A YEAR AGO THIS BOARD OF REGENTS PROVED FOUR SEPARATE RESOLUTIONS ON CIVICS. THEY'RE CURRENTLY BEING IMPLEMENTED. AND PERSONALLY, I EXPECTED THAT THAT WOULD HAVE ENDED THIS DISCUSSION. SO I WAS SURPRISED WHEN THE UNIVERSITY AFFAIRS COMMITTEE THAT I CHAIR WAS ASKED TO RECONSIDER US. ANOTHER CIVICS RESOLUTION. AND THE REASON BEHIND THIS RESOLUTION IS THAT THERE WERE SOME PEOPLE ON THIS BOARD OF REGENTS WHO BELIEVED THAT, CU SHOULD GO FURTHER, THAT WE SHOULD HAVE A MANDATE THAT EVERY STUDENT TAKES AND PASSES A CIVICS COURSE IN ORDER TO GRADUATE FROM THIS INSTITUTION. NOW, THAT WAS DEFINITELY A BRIDGE TOO FAR FOR FACULTY. AND REGENT CARSON WORKED CLOSELY WITH FACULTY AND WITH REGENTS TO COME UP WITH THIS COMPROMISE. AND I SUPPORTED IT WHEN IT WHEN WE VOTED IT OUT OF THE UNIVERSITY AFFAIRS COMMITTEE. I DID NOT THINK I DO NOT THINK THAT I SHOULD BE A GATE KEEPER BECAUSE I HAPPEN TO BE VICE CHAIR OF A COMMITTEE TO TRY TO TRY TO STOP SOMETHING THAT MANY BOARD MEMBERS WANTED TO COME FORWARD. I WAS NOT GOING TO VOTE AGAINST IT AT THAT POINT IN TIME, BUT I THOUGHT A LOT ABOUT IT. AND MY REASONS WERE MOSTLY WELL ARTICULATED BY REGENT GRIEGO. I BELIEVE IT'S TOO EXPENSIVE. I BELIEVE IT'S UNNECESSARY. ALSO, MY PERSONAL FEELING IS IT JUST GOES TOO FAR INTO INFRINGING ON THE CAMPUSES AND THE FREEDOM OF FACULTY TO DO WHAT THEY CONSIDER TO BE IN THE BEST INTEREST OF THEIR STUDENTS ON THEIR CAMPUS. SO. THANK YOU. UNLESS THERE'S FURTHER DISCUSSION, I'M GOING TO CALL THE VOTE. IT'S BEEN MOVED BY REGENT SHARKEY AND SECONDED BY REGENT CARSON TO APPROVE THE RESOLUTION. WE'VE HAD OUR DISCUSSION. ALL IN FAVOR, SAY AYE. AYE. OPPOSED. THE VOTE IS 7. I THINK I HEARD REGENT GANAHL VOTE. SO THE VOTE IS 7 FOR 2 AGAINST. THANKS EVERYBODY FOR THEIR DISCUSSION ON THIS. DO YOU WANT TO TAKE 10 MINUTES OR YOU WANT TO POWER THROUGH? LET'S LET'S TAKE TEN MINUTES, IT'S 3:48. LET'S BE BACK HERE AT 4:00. ALL RIGHT. THANK YOU. [I. 3:45 p.m. FINANCE COMMITTEE DISCUSSION AND ACTION ITEMS] CALL THE MEETING BACK TO ORDER OUR FIRST ORDER OF BUSINESS IS THE FINANCE COMMITTEE REPORT THAT WILL BE DONE BY COMMITTEE CHAIR JACK KROLL AND VICE PRESIDENT SULLIVAN. REGENT KROLL IS NOT AT THE TABLE AT THIS POINT. SO OUR NEXT ITEM ON THE AGENDA IS THE QUARTERLY TREASURER'S REPORT. DAN WILSON, WILL YOU COME UP? GOOD AFTERNOON, REGENTS. [01:50:01] I'M GOING TO BE REALLY BRIEF BECAUSE I THINK YOU'RE GONNA BE HAPPY WITH MY REPORT THIS MORNING OR THIS AFTERNOON. I'M GOING TO JUST REVIEW A COUPLE OF PAGES FROM THE TREASURER'S REPORT FOR THIS QUARTER. WE WERE DOWN THIS QUARTER FROM LAST QUARTER BY ABOUT SIXTY FIVE MILLION. WE SPENT OUR ASSETS DOWN ONE HUNDRED AND EIGHTY MILLION. AND THAT WAS OFFSET BY GAINS. SO THAT'S ONE OF THE DIFFERENC IS. THE BALANCE THIS YEAR IS A LITTLE HIGHER THAN IT WAS A YEAR AGO AT THIS TIME. AND THAT IS DUE TO OVERALL GROWTH IN OUR BUDGET. INVESTMENT RETURNS AND SOME TIMING DIFFERENCES. WE LOOK AT OUR BALANCES EVERY DAY. SO WE WE KNOW GENERALLY IF WE'RE UP OR DOWN AND WE'RE PRETTY MUCH ON PAR WITH LAST YEAR AS OF 12/31/2019, THE PORTFOLIO IS INVESTED 41.6 PERCENT IN CASH AND FIXED IN INCOME ASSETS AND 58.4 PERCENT IN EQUITY ASSETS. THOSE EQUITY ASSETS INCLUDE 10.4 PERCENT IN THE CU FOUNDATION LONG TERM INVESTMENT POOL, 22.8 PERCENT AND GLOBAL AND INTERNATIONAL INVESTMENTS AND 25 PERCENT IN DOMESTIC EQUITY. AND IF YOU WERE TO COMPARE THIS PIE TO LAST QUARTER'S PIE CHART ON HOW THOSE ASSETS WERE ALLOCATED, THE SLICE THAT'S THE LIGHT BLUE, THE ENHANCED CASH LAST QUARTER WAS 13.5 PERCENT OF THE PORTFOLIO AND THIS QUARTER'S 7 PERCENT. AND THAT'S REALLY BECAUSE WE SPEND IT DOWN. THEN WE'LL IT'LL IT'LL GROW AGAIN AS TUITION COMES IN. AND THEN I'LL BE SPEND DOWN AGAIN TILL IN JUNE. IT'LL IT'LL BE ALMOST GONE. SO A LOT OF THIS PORTFOLIO, 89 PERCENT IS CONVERTIBLE INTO CASH WITHIN 30 DAYS AS WELL. SO. WE DO THIS CHART TO SHOW YOU WHAT THE TRENDS ARE, BOTH FOR THE QUARTER AND FOR THE LAST 12 MONTHS. QUARTERLY RETURNS FOR DOMESTIC EQUITY, AS MEASURED BY THE S&P 500, GAINED 9 PERCENT DURING THE FOURTH QUARTER, BRINGING THE YEAR TO DATE RETURN TO 31.49 PERCENT. NOW, ONE PART OF THIS GAIN IS A REFLECTION OF WHAT HAPPENED IN DECEMBER OF 2018 WHEN WE SAW A MARKET LOW IN DECEMBER 24TH, 2018. AND SO PART OF THIS WAS A RECOVERY FROM THAT. AND I DIDN'T TAKE A LOOK AT WHAT WHAT DID ANALYSTS PREDICT FOR THIS CALENDAR YEAR. AND THERE WERE A NUMBER OF BULLISH ANALYSTS WHO PREDICTED THE S&P WOULD END THE YEAR AT 33 50. WE DID CLOSE THE YEAR AT 32115. SO ALMOST THERE. AND WE'VE SINCE SURPASSED 3350. BUT I WILL SAY WENT UP PROBABLY ABOUT NINETY FIVE PERCENT OF THE PREDICTIONS WERE FOR MUCH LOWER RETURNS. AND EVEN NEGATIVE JUST GOES TO SHOW THAT PREDICTING WHAT THE MARKET IS GOING TO DO IS DIFFICULT TO DO. OUR NON-U.S. EQUITY ALSO HAD A TREMENDOUS YEAR WITH RETURNS OF 26.6 PERCENT A YEAR END RALLY AND RISK ASSETS. GIVEN PROGRESS ON THE U.S., CHINA TRADE AND OTHER HEALTHY ECONOMIC FUELED THE MARKETS ANOTHER VERY FAVORABLE YEAR FOR BONDS. THIS YEAR, THEY RETURNED 8.7 2 PERCENT ON THE AGGREGATE BOND INDEX AND GIVEN ARE THE LARGE CASH, SHORT DURATION BONDS AND LAST AND THE LONG TERM BOND COMPOSITION OF THE POOL HAVING AN OVERALL RETURN TO THE TREASURY POOL OF 16.66 PERCENT IS REALLY UNPRECEDENTED. I DON'T WANT TO RAISE THE BOARD'S EXPECTATIONS. WE DON'T DO THAT EVERY YEAR BECAUSE THAT'S NOT GOING TO HAPPEN. YOU ALREADY DID. LAST FIVE YEAR AVERAGE IS 5.81 PERCENT AND 6.3 PERCENT OVER SEVEN YEARS. SO THAT'S MORE IN LINE WITH WHAT WE NORMALLY SEE. THAT'S ALL I'M GOING TO SAY. UNLESS THERE'S QUESTIONS ON THAT. I DO HAVE A QUESTION. IT'S SOMETHING THAT I'VE I'VE BROUGHT UP BEFORE AND I BROUGHT UP WITH PRESIDENT KENNEDY AND I CHATTED WITH PAT. AND DAN YOU AND I HAVE TOUCHED BASE. SO RIGHT NOW, THE TREASURY POOL IS ABOUT, YOU KNOW, IT FLUCTUATES. RIGHT. BUT WE CAN SAY IT'S AROUND 2.2 BILLION IN IT WHEN IT'S KIND OF AT ITS FULLEST. [01:55:04] AND WE HAVE THAT INVESTED IN A NUMBER OF DIFFERENT SEGMENTS, SEGMENT 1.5 TO 3. BUT MY QUESTION IS, WE HAVE ABOUT 800 TO 900 MILLION DOLLARS IN NON TREASURY POOL FUNDS, PART OF WHICH BELONGS TO CU MEDICINE, A GOOD CHUNK. CAN WE GET SOME MORE INSIGHTS ON THAT MONEY? AND WHAT, IF ANYTHING, WE CAN DO OR WHY? IT'S A GOOD IDEA MAYBE NOT TO DO IT TO BRING THAT MONEY INTO THE TREASURY POOL, BECAUSE I HAVE A HUNCH THAT THAT EIGHT HUNDRED TO NINE HUNDRED MILLION DOLLARS OF UNIVERSITY MONEY IS PROBABLY NOT DOING AS WELL AS THE 16.6 PERCENT YOU'VE PRESENTED US HERE. IT'S A HUNCH IT COULD NOT BE TRUE, BUT I THINK IT WOULD BE IMPORTANT FOR US TO UNDERSTAND THAT BECAUSE IT DOES REPRESENT A SIGNIFICANT PORTION OF OUR OUR BALANCE SHEET. SO IF THAT'S SOMETHING THAT YOU ALL COULD LOOK AT, I WOULD BE I WOULD BE GRATEFUL. SURE. AND IN THE TREASURER'S REPORT, WE DO INCLUDE THE NON POOL ASSETS. SO THEY'RE IN THE TOTALS THERE. WE GENERALLY DON'T GET INTO THE RESPECTIVE RETURNS BECAUSE THERE'S PROBABLY 40 TO 50 DIFFERENT POTS OF MONEY THAT ARE THERE, INCLUDING BOND PROCEED MONEY, WHICH IS INVESTED USUALLY IN GUARANTEED INVESTMENT CONTRACT OR OTHER RESTRICTED INSTRUMENTS. AND SO WE'RE NOT REALLY AFTER RETURN OR AFTER SAFETY BECAUSE THOSE THOSE MONEYS ARE IN ESCROW TO BE SPENT FOR BOND PROJECTS. AND THE CU MEDICINE IS A BIG SHARE. A BIG PART OF THAT NON NON POOL ASSETS AND I THINK, YEAH. IF IT'S IF IT'S THOSE BOND PROCEEDS IN THE CU MEDICINE AND THAT'S THE END OF IT, THEN I'LL PROBABLY BE SATISFIED. BUT I HAVE A FEELING THERE COULD BE SOME MONEY OUT THERE THAT IS NOT BEING PUT TO ITS BEST USE. WELL WE WERE TRYING TO PUT EVERY PIECE OF MONEY INTO ITS BEST USE. I CAN GUARANTEE THAT. SO WE CAN WE CAN CHAT THOUGH. I CAN I CAN BRIEF BRIEF YOU ON THAT. GREAT. THANK YOU. DO YOU MIND IF I? ARE THERE ANY OTHER QUESTIONS FOR OUR TREASURER TODAY? I HAVE A FEW MORE THINGS. OH, YOU DO? OH, SO SOME OF YOU MAY HAVE READ THE ARTICLE IN THE DENVER POST YESTERDAY. BUT THE HIGH COST OF HOUSING HAS LONG BEEN AN ISSUE FOR CU STAFF AND ADMINISTRATION AND FACULTY. AND IN THE EARLY 2000S, WE ADDRESSED THE FACULTY PART AND STARTED OFF OF THE FACULTY HOUSING PROGRAM. IN SEPTEMBER REGENT KROLL RAISED THE ISSUE OF INVESTIGATING HOUSING PROGRAM ASSISTANCE FOR ALL STAFF. AND THAT QUESTION HAD COME UP FROM FACULTY COUNCIL IN THE PAST AS WELL. AND WE DETERMINED THAT THE SYSTEM THAT EXISTING BUDGETS WOULD NOT PERMIT US TO DO THAT EXPANSION. HOWEVER, WE DID INVESTIGATE A NUMBER OF THIRD PARTY HOUSING ASSISTANCE PROGRAMS THAT WERE OFFERED, PARTICULARLY IN HIGH COST AREAS OF CALIFORNIA, HAWAII, WASHINGTON AND COLORADO. AND ALMOST ALL OF THESE INSTITUTIONS CAME OUT OF SAN FRANCISCO AND ARE BASED IN SAN FRANCISCO, WHICH HAS AN EXTREMELY HIGH COST OF HOUSING. WE REVIEWED THREE PROGRAMS AND PERFORMED SIGNIFICANT DUE DILIGENCE ON ONE OF THOSE PROGRAMS AND WE ARE PLANNING TO OFFER THIS TO OUR EMPLOYEES BEGINNING IN MARCH. I WANT TO BE CLEAR THAT THIS IS A THIRD PARTY PROGRAM OFFERED THROUGH A COMPANY CALLED LANDED BASED OUT OF SAN FRANCISCO, LANDED AS ANGEL INVESTOR FUNDED, WHICH MEANS WEALTHY INDIVIDUALS AND TIAA CREF PUT IN 60 MILLION INTO THIS FUND. THE PROGRAM OFFERS DOWNPAYMENT ASSISTANCE UP TO ONE HUNDRED AND TWENTY THOUSAND DOLLARS IN INTEREST FREE SHARED INVESTMENT IN EXCHANGE FOR APPRECIATION OF THE HOUSE ON A 1 PERCENT TO 2 AND A HALF PERCENT BASIS. SO THEY'RE REALLY THE COMPANY AND OTHER COMPANIES LIKE IT THAT ARE DOING THIS OR BETTING ON FUTURE APPRECIATION OF HOME VALUES. AND A PARTICIPANT HAS TO BE IN FOR TWO YEARS TO BE A PARTICIPANT. I WANT TO MAKE IT CLEAR ALSO THAT THIS WILL NOT REPLACE OUR EXISTING FACULTY HOUSING ASSISTANCE PROGRAM, WHICH WE'RE GOING TO CONTINUE TO OPERATE. [02:00:03] BUT I THINK MANY STAFF AND OTHERS, EMPLOYEES OF THE UNIVERSITY WILL FIND THIS BENEFICIAL AND WILL GIVE THEM OPPORTUNITY TO MOVE FROM RENTAL SPACE INTO HOME OWNERSHIP CLOSE TO WHERE THEY WORK. AND THAT'S THAT'S WHY WE'RE GOING TO OFFER IT GREAT. I JUST HAVE A QUICK COMMENT ON THIS. THIS IS REALLY EXCITING. I APPRECIATE DAN'S ABILITY TO MOVE QUICKLY ON THIS. YOU KNOW, WHEN I BROUGHT FORWARD, YOU KNOW, THE IDEA OF POTENTIALLY EXPANDING THE FACULTY HOUSING ASSISTANCE PROGRAM TO STAFF, I HAD NO IDEA THERE WERE PROGRAMS OUT THERE LIKE THIS. SO THANK YOU TO DAN AND HIS TEAM FOR DOING THIS GREAT RESEARCH. I THINK THIS IS REALLY GOING TO HELP OUR STATE OR OUR STAFF IN NON TENURE TRACK FACULTY. YOU KNOW, THERE'S A PRETTY STARTLING STATISTIC IN THE ECONOMISTS THAT I SHARED WITH SOME OF YOU ALL LAST NIGHT AT DINNER IN 1992, A COHORT OF BABY BOOMERS MEDIAN AGE OF 35 OWNED ONE THIRD OF ALL RESIDENTIAL PROPERTY IN AMERICA. JUST THE LAST YEAR, THE THERE WAS ANOTHER STUDY DONE THAT LOOKED AT A SIMILAR COHORT OF MILLENNIALS AGED 31 AND WE OWNED FOUR PERCENT OF ALL RESIDENTIAL PROPERTY IN AMERICA. SO THIS IS A GREAT WAY IN HELPING BALANCE THE SCALES HERE OF OWNERSHIP. AND THANK YOU, DAN. AND YOUR TEAM FOR BRINGING THIS TO US. YOU'RE WELCOME. I THINK IT'S A GOOD, GOOD STORY FOR US. THANKS FOR YOUR WORK. AND ALSO REGENT KROLL YOU HELPED PUSH THAT THROUGH. I JUST HAVE A QUICK QUESTION. IS THIS FOR STAFF AT ALL THE CAMPUSES? SO CURRENTLY LANDED DOES NOT WORK IN EL PASO COUNTY, WHICH IS WHERE UCCS IS LOCATED. BUT THEY HAVE INITIATED A PROCESS TO GET EL PASO COUNTY APPROVED FOR THEIR PROGRAM AND THEY'RE HOPING TO HAVE IT READY BY THE FALL OF 2020. BUT THEN THE REST OF THE COUNTIES. YES. YES. AND THEN HOW WILL IT BE ADVERTISED? WELL, THE DENVER POST ADVERTISE THAT A LITTLE BIT FOR US. YES, I THINK SO. BUT WHEN YOU SEE YOUR CONNECTIONS THIS MORNING, THERE WILL BE A EMAIL TO ALL STAFF, I THINK GOES OUT SOMETIME NEXT WEEK. YOU KNOW, ALL THE DETAILS OF THIS. SO THE KEY IS GETTING THE WORD OUT. YEAH. IT'S ALREADY WENT OUT OK. GREAT. THANK YOU. AND CITING THE THE SIGNUPS ARE GOING TO BE THROUGH LANDED. AND SO WHEN PEOPLE WANT TO GO TO LISTEN TO HOW THIS PROGRAM WORKS, IT ALL BE HANDLED THROUGH THIS OUTSIDE PARTY. RIGHT. OK. ALL RIGHT. I'M GOING TO KEEP US. NOW WE HAVE ONE MORE ITEM. WE HAVE ONE MORE QUESTION RIGHT OVER HERE. OH. I JUST WANTED TO TAKE A BRIEF MOMENT TO ADDRESS ONE THING. REGENT SHARKEY HAD MENTIONED OR SORRY, REGENT SMITH, THAT UCSC HAD SENT THIS OUT TO ALL OF OUR CAMPUS REPRESENTATIVES WHEN WE SAW IT IN THE CU CONNECTIONS THIS MORNING. AND I ALSO WANTED TO THINK REGENT KROLL AND DAN WILSON FOR ALL OF YOUR WORK ON THIS AND FOR MAKING THIS POSSIBILITY FOR STAFF. STAFF ARE GRATEFUL. GREAT. WE HAVE ONE THING? IT'S OUR BOND. SO GLEN IS DEPUTIZED ME, THE PUBLIC HEARING ON THE PLAN OF FINANCING OF THE BOARD OF REGENTS, OF THE UNIVERSITY OF COLORADO FOR THE HYBL SPORTS MEDICINE AND PERFORMANCE CENTER AT THE UNIVERSITY OF COLORADO, COLORADO SPRINGS CAMPUS IS NOW OPEN. NOTICE OF THIS HEARING WAS PUBLISHED ON THE BOARD'S WEB SITE ON OR BEFORE FEBRUARY 6 2020. THIS HEARING CONSTITUTES THE PUBLIC HEARING REQUIRED UNDER THE TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF 1982 IN SECTION 147 F OF THE INTERNAL REVENUE CODE. DOES ANYONE WISH TO PARTICIPATE IN THIS PUBLIC HEARING? GOING ONCE, GOING TWICE. ALL RIGHT. THAT WAS OUR OUR DAILY CIVICS LESSON. THANK YOU. THE PUBLIC HEARING IS NOW CLOSED. THE NEXT ORDER OF BUSINESS IS THE APPROVAL OF THE PLAN FOR THE HILL SPORTS MEDICINE FINANCING TREASURER DAN WILSON. SO, DAN, IF YOU WANT TO DO THIS AND THEN AS SOON AS DAN'S FINISHED, I'LL QUICKLY SPEED THROUGH MY FINANCE COMMITTEE REPORT. SO THIS RESOLUTION IS IN YOUR BART BOARD DOCS. IT BASICALLY TALKS ABOUT THE FACT THAT THE HYBL SPORTS MEDICINE CENTER WILL HAVE A NONPROFIT IN THAT FACILITY CENTER HEALTH AS A PARTNER AND LEASING SOME OF THE FACILITY AND WHICH IS WHY WE HAVE TO HAVE THIS HEARING. [02:05:01] IT'S A DIFFERENT 5 0 1 C 3 THAN US. AND SO ANYTIME WE HAVE A SIGNIFICANT PARTNER LIKE THIS, WE HAVE TO HAVE A PUBLIC HEARING. THIS RESOLUTION ESSENTIALLY APPROVES THAT PLAN OF FINANCE. AND THE FACT THAT WE HAD A PUBLIC HEARING. ALL RIGHT, SO CAN I GET A MOTION TO APPROVE THIS ACTION, ITEM FIVE UNDER OF THE FINANCE COMMITTEE. SO MOVED. IS THERE A SECOND? SECOND. ANY FURTHER DISCUSSION? GLEN, YOU WANT TO CALL? YOU CALL. ALL RIGHT. ALL IN FAVOR. PLEASE SAY AYE. AYE. ANY OPPOSED? OK. YOU GOT TO DO ALL OF THIS. ALL RIGHT. I'M DOING IT. OK. THE LAST ORDER OF BUSINESS HERE. WE'RE GOING TO JUMP BACK UP TO THE FINANCE COMMITTEE REPORT. ITEM ONE. THANK YOU, TREASURER WILSON. I'M GOING TO DELIVER A VERY BRIEF SUMMARY OF OUR LAST FINANCE COMMITTEE MEETING, WHICH, IF ANY OF YOU HAVEN'T HAD THE OPPORTUNITY TO ATTEND. THEY'RE FANTASTIC. LOTS OF FUN. WE MET THIS TIME ON THE FIRST FLOOR. WE APPRECIATE THE BOARD OFFICE STAFF KIND OF GETTING THAT FIRST FLOOR CONFERENCE ROOM REALLY UP TO SPEED TO ACCOMMODATE THESE MEETINGS. WE BREAK OUR MEETINGS INTO TWO PORTIONS. WE HAVE THE CAPITAL CONSTRUCTION PORTION AND THEN THE FINANCE PORTION OF YOU APPROVED. THE BOARD APPROVED A NUMBER OF PROJECTS ON THE CONSENT AGENDA. REAL QUICKLY, WE'LL RUN THROUGH THOSE. THE MARCUS RESEARCH IMAGING CENTER, WHICH IS GOING TO BE FUNDED IN PART BY THE MARCUS INSTITUTE FOR BRAIN HEALTH AND SCHOOL OF MEDICINE, CASH FUNDS FOR CU BOLDER PROJECTS, A THIRTY FOUR THOUSAND SQUARE FOOT MODERNIZATION OF THE ENGINEERING CENTER, NORTH WING AND NORTH TOWER. THIS IS RENOVATING THE SPACE THAT THE AEROSPACE DEPARTMENT VACATED WHEN THEY MOVED INTO THEIR NEW BUILDING. IF REGENT LUDWIG WAS HERE, I WOULD HAVE THE OPPORTUNITY TO TELL HIM THAT THESE MONEYS CAME FROM RESEARCH FUNDS TO RENOVATE. AND SO THERE IS AN EXAMPLE OF THE RESEARCH ENTERPRISE SUPPORTING OTHER EFFORTS ON OUR CAMPUS RENOVATION OF 1135 FOR THE RENEE CROWN WELLNESS INSTITUTE. THOSE OF YOU WHO JOINED US AT DINNER LAST NIGHT GOT THE UPDATE FROM JACK FINLAW AND TODD SOLOMON THAT THIS IS ANOTHER GREAT EXAMPLE OF US WORKING WELL WITH THE FOUNDATION TO PROVIDE GREATER OPPORTUNITIES. PROPERTY CONVEYANCE ON 30TH STREET AND COLORADO AVENUE TO THE CITY OF BOULDER TO FACILITATE A COOPERATIVE PROJECT BETWEEN THE CITY AND THE UNIVERSITY TO BUILD MULTI-MODAL IMPROVEMENTS ALONG THIS QUARTER. BASICALLY, WE'RE BUILDING AN UNDERPASS RIGHT THERE WITH THE CITY OF BOULDER AT 30TH AND COLORADO. IF ANYONE GOES THROUGH BOULDER AND GOES THROUGH THAT INTERSECTION, IT IS ONE OF THE MOST ANNOYING INTERSECTIONS IN TOWN. SO IT CONTINUES TO SHOW OUR COMMITMENT TO SUSTAINABLE FORMS OF TRANSPORTATION. AND WE DID APPROVE A NAMING OF THE SINGLE SOUTH ENTRANCE AND PLAZA TO THE AEROSPACE ENGINEERING SCIENCES, BUILDING THE DALE AND PATRICIA HATFIELD OUTREACH PLAZA IN RECOGNITION OF ONGOING PHILANTHROPIC SUPPORT AND A RECENT $1.2 MILLION GIFT. WE RECEIVED OUR QUARTERLY PROJECT UPDATES ON I.T. AND INFRASTRUCTURE. SO, PRESIDENT KENNEDY, I KNOW THAT'S A MATTER OF INTEREST TO YOU AS WELL. SO YOU'RE WELCOME. ALSO, ANYTIME THAT THE REGENT'S FINANCE COMMITTEE. WE GOT A I WOULD BE REMISS IF WE DIDN'T GET OUR UPDATE ON OUR CAPITAL CONSTRUCTION. THEN THE REALLY FUN PART, THE PART WHERE GLEN JOINED US AND ASKED A LOT OF QUESTIONS WAS WAS GREAT WAS WHEN WE GOT TO THE FINANCE PORTION COMMITTEE. AND WE DID. AND I WANT TO GIVE A SHOUT OUT TO TERRY FROM FROM CU ANSCHUTZ. AND SHE'S SHE CAME IN, GAVE A FANTASTIC PRESENTATION ABOUT HOW MEDICAL RESIDENCY SLOTS WORK. YOU KNOW, MEDICAL RESIDENCY SLOTS ARE PROBABLY ONE OF THE MOST CONVOLUTED THINGS WE DEAL WITH. AND WE ARE THE UNIVERSITY OF COLORADO. SO WE DEAL WITH MANY CONVOLUTED THINGS. AND SO THANK YOU, TERRY, TO YOUR TEAM. IT WAS FANTASTIC PRESENTATION AND WE WERE ALL QUITE ENLIGHTENED. YOU KNOW, ONE OF THE THINGS THAT WE LEARNED. AND I'LL JUST BE BRIEF HERE IS THAT, YOU KNOW, WHILE WE HAVE A LOT OF RESIDENT STUDENTS THAT COMES THROUGH OUR MEDICAL SCHOOL PROGRAM, WHAT IS SO MUCH MORE IMPORTANT TO THE HEALTH CARE INFRASTRUCTURE IN OUR STATE IS OUR ABILITY TO ATTRACT RESIDENTS. AND DEAN RILEY, DON [INAUDIBLE] AND TERRY DO A FANTASTIC JOB OF LEVERAGING ALL THE RESOURCES WE POSSIBLY CAN TO ACTUALLY EXPAND THE UNIVERSITY'S RESIDENCY SLOTS TO BE MUCH GREATER THAN THEY OTHERWISE WOULD BE WITHOUT THAT ADDITIONAL FINANCIAL SUPPORT. SO THROUGH THE WORK THAT YOU ALL ARE DOING, YOU'RE ACTUALLY DRIVING GREATER HEALTHCARE ECONOMY HERE IN THE STATE OF COLORADO. SO THANK YOU TO YOU ALL. IT WAS A FANTASTIC PRESENTATION. IF ANYBODY WANTS TO HAVE IT, YOU'RE WELCOME. AT THE NEXT FINANCE COMMITTEE MEETING. WE ALSO HEARD A FEW OTHER UPDATES, INCLUDING ON SOME OF THE OUTREACH PROGRAMS THAT ANSCHUTZ IS DOING ACROSS THE STATE. AND THE THE LIST GOES ON AND ON AND ON ABOUT ALL THE GREAT WORK THAT THEY'RE DOING. AND I THINK WITH THAT, THAT'S THE FINANCE COMMITTEE REPORT. AND GLEN, THANK YOU FOR COMING AND JOINING US THERE. [02:10:02] AND THANK YOU TO TO REGENT CHANCE HILL AND REGENT JOHN CARSON AND REGENT IRENE GRIEGO FOR JOINING US ON THAT COMMITTEE. WE DO A LOT OF GREAT WORK AND WE LOOK FORWARD TO OUR BUDGET PRESENTATIONS TOMORROW BY VICE PRESIDENT SOLOMON AND THE CAMPUS CFO. THANK YOU FOR THE REPORT. AND DAN WILSON, THANKS FOR YOUR WORK AS WELL. PRESIDENT KENNEDY, HOW MUCH TIME DID HE TAKE? WE WERE TIMING YOU WHEN YOU SAID BRIEF. HE WAS ONLY FOUR MINUTES AND WE'RE 11 MINUTES AHEAD OF SCHEDULE. THEY'RE REALLY GOOD. YEAH. THE FINANCE COMMITTEE IS IS APT TO SAY TIME IS MONEY, SO IT WAS NOT MY IDEA AT THE TIME HE WAS PRESIDENT CAN BE SHARED, TOO. [J. 4:30 p.m. GOVERNANCE COMMITTEE DISCUSSION AND ACTION ITEMS] WE'RE GOING TO MOVE TO GOVERNANCE COMMITTEE WITH REGENT SHARKEY. THANK YOU CHAIR GALLEGOS AND THANK YOU, REGENT KROLL, FOR ALLOWING ME TO HAVE 11 EXTRA MINUTES TO SPEAK. OK. THE GOVERNANCE COMMITTEE MET ON FRIDAY, JANUARY 17TH, 2020, AND THE COMMITTEE MEMBERS PRESENT AT THE MEETING WERE MYSELF, COMMITTEE VICE CHAIR REGENT GRIEGO, REGENT HEIDI GANAHL AND REGENT JACK KROLL, WHO JOINED US OVER THE PHONE. AND WE WERE ALSO JOINED BY PRESIDENT KENNEDY AND SEVERAL OF THE UNIVERSITY STAFF MEMBERS. PRESIDENT KENNEDY, DEAN SHARON MATUSIK AND VICE PRESIDENT TODD SOLOMON PRESENTED AN UPDATE ON THE STRATEGIC PLAN. THEY ARE COMING UP TO THE SECOND DELIVERABLE. THE WORKING GROUPS ARE DETERMINING WHAT METRICS AND CORRESPONDING ACTION STEPS TO INCORPORATE, AND THEY ARE RECEIVING INPUT FROM A MEETING WITH SHARED GOVERNANCE GROUPS REGARDING THOSE NEXT STEPS. AND MORE INFORMATION CAN BE FOUND ON THE STRATEGIC PLANNING WEB SITE. NEXT, PRESIDENT KENNEDY UPDATED THE COMMITTEE ON THE DONOR STEWARDSHIP. GOVERNMENT RELATIONS IN THE ALUMNI AD-HOC GROUP. HE INFORMED THE COMMITTEE ABOUT DONOR ENGAGEMENT EFFORTS AND LEGISLATIVE MEETINGS, AND HE CONTINUES TO WORK CLOSELY WITH THE ADVANCEMENT GROUPS ON EACH OF THE CAMPUSES. THE COMMITTEE THEN DISCUSSED THE RECENT RECENT WINTER BOARD RETREAT. DR. KATHY TROWER, WHO IS ONE OF OUR PRESENTERS AT THE RETREAT, JOINED US VIA PHONE FOR THIS PART OF THE MEETING. DR. TROWER SAID IT IS ESSENTIAL TO BUILD ON THE CONCEPTS LEARNED AT THE RETREAT AND OFFERED SOME SUGGESTIONS ON HOW TO DO THAT. ONE SUGGESTION IS TO CREATE A BOARD POLICIES AND NORMS FOR MEETINGS THAT REFLECT THE GOALS OF THE BOARD. NEXT, THE COMMITTEE DISCUSSED THE UPCOMING SUMMER RETREAT. THE STRATEGIC PLAN WILL BE A BIG COMPONENT OF THAT RETREAT. AS WE DISCUSS HOW TO INCORPORATE OTHER DISCUSSIONS AND TOPICS IN ADDITION OR RELATING TO THE STRATEGIC PLAN SUCH AS GOOD GOVERNANCE, THE COMMITTEE WILL CONTINUE THE DISCUSSIONS ABOUT THE SUMMER RETREAT IN OUR UPCOMING GOVERNANCE COMMITTEE MEETINGS. FELICITY O'HERRON CHIEF HUMAN RESOURCES OFFICER FOR THE CU SYSTEM PROVIDED THE COMMITTEE WITH INFORMATION ON PROPOSED CHANGES TO REGENT POLICY RECOMMENDED CHANGES TO POLICY 11E LEAVE POLICIES FOR UNIVERSITY STAFF AND TWELVEMONTH FACULTY AND POLICY 3F SEARCH FOR OTHER UNIVERSITY STAFF. THE COMMITTEE HAD NO OBJECTIONS TO THE PROPOSED CHANGES, SO THESE MOVED FORWARD IN THE REVIEW PROCESS. THE COMMITTEE WILL MEET AGAIN ON MARCH 9TH AT ONE O'CLOCK AND I WOULD ENCOURAGE ANYONE WHO'S INTERESTED IN ATTENDING. TO ATTEND I THINK GOVERNANCE COMMITTEE IS MUCH MORE INTERESTING THAN FINANCE, BUT IT MAY BE BECAUSE JACK KROLL IS IS SERVING ON THAT COMMITTEE WITH ME. SO THANK YOU. THAT'S IT. THAT'S MY REPORT. I'LL BE VERY BRIEF, AS REGENT SHARKEY JUST MENTIONED, THERE WERE TWO POLICIES THAT CAME OUT OF THE GOVERNANCE COMMITTEE. WE ARE HERE TODAY TO PROVIDE IT WITH THE BOARD'S APPROVAL NOTICE AND MOTION ON THIS. YOU MAY REMEMBER THAT REGENT POLICY REQUIRES THAT BEFORE THERE ARE ANY FURTHER CHANGES TO REGENT POLICY, THAT WE GIVE NOTICE AT ONE MEETING BEFORE YOU COULD ACT ON IT AT THE NEXT MEETING. AND WE ARE HERE TO PROVIDE NOTICE TODAY FOR TWO POLICIES. NO ONE IS FORMER POLICY 3F, WHICH IS BEING RENUMBERED INTO 6B THAT IN AND OF [02:15:02] ITSELF. WE HAVE TO GIVE NOTICE UP BECAUSE WHEN WE CHANGE AROUND WHERE WE PUT THINGS IN POLICY IN ORDER TO MAKE IT MORE STREAMLINED, WE'RE ACTUALLY CHANGING THE POLICY ITSELF. BUT THAT ONE IS VERY SIMPLE. IT DEALS WITH SEARCHES FOR NON OFFICER NONEXECUTIVE TYPE OF POSITIONS AS REGENT CARSON HAS BROUGHT UP BEFORE WE ARE EXAMINING THOSE SEARCH REQUIREMENTS FOR THOSE EXECUTIVE LEVEL POSITIONS AND WE'RE GONNA BE BRINGING THAT ONE FORWARD. THIS IS DEALING WITH THE NON OFFICER AT THE UNIVERSITY LEVEL TYPE OF SEARCHES FOR CLASSIFIED STAFF. IT SIMPLY SAYS THAT WE WILL COMPLY WITH THE STATE PERSONNEL RULES BECAUSE THOSE GOVERN HOW WE HAVE TO DO SEARCHES FOR CLASSIFIED POSITIONS AND FOR NON-CLASSIFIED UNIVERSITY STAFF. IT REQUIRES US TO PROMULGATE AN APS THAT WILL SAY HOW THOSE SEARCHES WILL OCCUR AND IN THOSE INSTANCE WHERE IT MIGHT BE PERMISSIBLE TO DO A HIRING WITHOUT A SEARCH SUCH AS THAT, THE PERSON IS TRANSFERRING FROM ANOTHER POSITION INTO A JOB, OR THAT THERE ARE OPPORTUNITIES TO WHERE SOMEBODY HAD RECENTLY APPLIED AND BEEN A FINALIST IN A PRIOR SEARCH. THOSE ARE NOW CONTAINED WITHIN AN APS. SO THAT'S THE CHANGES TO 3F BECOMING 6B. THE NEXT ONE IS 11F, WHICH DEALS WITH LEAVE, AND ONE OF OUR GOALS WITH THE LAWS AND POLICIES REVIEW EFFORT WAS I DON'T KNOW HOW LAST PHRASES TO GET THE JUNK OUT OF REGENT LAW AND POLICY BECAUSE THAT POLICY DEALING WITH LEAVE BEFORE USED TO HAVE A WHOLE BUNCH OF PROCEDURAL STUFF AS TO HERE'S HOW YOU APPLY FOR LEAVE, HERE'S HOW IT GETS GRANTED. AND WHEN WE UPDATE OUR H.R. SYSTEMS, OFTENTIMES THE MECHANISMS BY WHICH YOU WOULD APPLY FOR LEAVE, WHO YOU WOULD APPLY TO THOSE TYPE OF THINGS WOULD GET CHANGED. AND WE DON'T WANT THOSE IN REACHING POLICY BECAUSE WE DON'T WANT TO COME BACK TO YOU WHEN WE HAVE TO MAKE TECHNICAL CHANGES IN HOW LEAVE IS GRANTED. THE IMPORTANT THING ABOUT THIS POLICY IS THAT IT LEAVES TWO THINGS IN REGENT POLICY THAT ARE IMPORTANT TO THE REGENTS. FIRST IS THE AMOUNT OF EITHER VACATION OR SICK LEAVE THAT IS AVAILABLE TO UNIVERSITY EMPLOYEES IS UNCHANGED. BUT THAT IS SOMETHING THAT WE COULDN'T CHANGE. THE AMOUNT OF EITHER SICK LEAVE OR ANNUAL LEAVE THAT'S AVAILABLE TO EMPLOYEES WITHOUT COMING BACK AND SEEKING YOUR APPROVAL TO CHANGE THAT. IT ALSO SPECIFIES THE AMOUNT OF COMPENSATION THAT MIGHT BE PAYABLE TO AN EMPLOYEE WERE THEY TO LEAVE THE UNIVERSITY. SO UNDER COLORADO LAW, IF SOMEBODY HAS ACCRUED VACATION LEAVE AND THEY LEAVE THE UNIVERSITY, WE HAVE TO PAY THAT OUT BECAUSE THAT'S CONSIDERED WAGES THAT THEY HAVE EARNED. AND SO THIS SETS A CAP ON THE AMOUNT OF VACATION THAT UNIVERSITY EMPLOYEES CAN ACCRUE FROM YEAR TO YEAR, AS WELL AS SETS LIMITS ON THE AMOUNT OF SICK LEAVE THAT IS PAYABLE AT THE END OF AN EMPLOYEE'S TENURE. SO WE'RE CHANGING THOSE. THEY ARE REMAINING IDENTICAL. THOSE CAN'T BE CHANGED WITHOUT YOUR PERMISSION. SO REMIND US AGAIN WITH A NOTICE OF MOTION. WHAT'S THE NEXT STEP? WE HAVE NOW PROVIDED NOTICE. AND SO THERE IS NOTHING FOR YOU TO DO AT THIS MOMENT. WE WILL BE BRINGING THESE BACK TO YOU FOR YOUR CONSIDERATION. THEY WILL COME THROUGH THE GOVERNANCE COMMITTEE AGAIN FOR A FINAL RECOMMENDATION IF WE GET ANY FEEDBACK. AND OTHERWISE, IT'LL BE ON YOUR AGENDA IN APRIL. QUESTIONS. THANK YOU. THANK YOU. [K. 5:00 p.m. AUDIT COMMITTEE DISCUSSION AND ACTION ITEMS] NEXT ITEM IS A AUDIT REPORT WITH REGENT CARSON. ALL RIGHT. I THINK I CAN DO THIS IN TWO MINUTES, BUT FIRST, I WANT TO. SHOULD WE TIME YOU? SURE. FIRST, I WANT TO THANK CHANCELLOR DISTEFANO AND PROVOST MOORE FOR THE RECENT ANNOUNCEMENT IN THEIR WORK ON SECURING DANIEL JACOBSON AS THE NEW PERMANENT DIRECTOR OF THE BENSON CENTER FOR THE STUDY OF WESTERN CIVILIZATION. I THINK IT'S EXCITING AND IT'S REALLY GOING TO TAKE THE CENTER TO A NEW LEVEL. WE'VE HAD GREAT INTERIM AND PRIOR DIRECTORS, BUT I THINK THIS IS A BIG STEP FORWARD. AND I WANT TO MENTION HE'S A PROFESSOR OF PHILOSOPHY AT THE UNIVERSITY OF MICHIGAN. THAT WAS THE UNIVERSITY OF MICHIGAN, NOT MICHIGAN STATE. WE LIKE THE UNIVERSITY OF MICHIGAN. NOW, I WILL DO MY AUDIT REGIONAL. AND WE AND WE VERY MUCH APPRECIATE THE CHANCELLOR DISTEFANO WEARING MAISON BLEU TODAY TO REFLECT THAT. THE AUDIT COMMITTEE LAST MET ON DECEMBER 4TH. AND DURING THAT MEETING, WE TOOK THE ANNUAL FINANCIAL AND COMPLIANCE AUDIT REPORT [02:20:01] FOR THE UNIVERSITY THAT AUDITOR SISEMORE PRESIDED OVER IN CONJUNCTION WITH OUR OUTSIDE AUDITOR. AND WE RECEIVED AN ON UNMODIFIED OPINION, WHICH I THINK IN IN AUDITOR LANGUAGE IS GOOD. SO WE'RE DOING GOOD UNDER STATE LAW. WE WILL HAVE TO CHANGE OUR AUDITOR. SO WE'RE GOING THROUGH THE PROCESS. YOU CAN ONLY HAVE THE SAME AUDITOR, I THINK, FOR THREE YEARS IN A ROW. SO WE'RE GOING TO BE GOING THROUGH THAT PROCESS. AND THE LAST ITEM I'LL MENTION IS, AS I DID EARLIER, THE REPORT ON STUDENT HEALTH INSURANCE THAT THE AUDITORS HAVE COMPLETED IN CONJUNCTION WITH THE CAMPUSES. AND I THINK YOU RECEIVED THAT TODAY AND IT'S GOT A LOT OF GOOD INFORMATION IN IT ON OUR STUDENT HEALTH INSURANCE PLANS. THANK YOU. DID I MAKE IT? OH, YOU DID. THAT WAS REALLY GOOD. THAT'S GONNA BE THE END OF OUR AGENDA FOR TODAY. WE WILL BE BACK AT 8 O'CLOCK TOMORROW MORNING. AND BEFORE WE ADJOURN, ARE ANY LAST MESSAGES OR STATEMENTS FROM REGENTS, ANYTHING THAT YOU'D LIKE TO WEIGH IN ON HERE? PRESIDENT KENNEDY. ANYTHING. GREAT MEETING. GREAT JOB. CHAIRMAN, GREAT MEETING, REGENTS. THE LAST ITEM BEFORE WE ADJOURN IS THE FACT THAT WE STILL HAVE SOME AGENDA ITEMS THAT WE DIDN'T FINISH THIS MORNING IN EXECUTIVE SESSION. BEING THAT WE START AT EIGHT O'CLOCK TOMORROW MORNING IN OUR PROGRAM THIS AFTERNOON STARTS ABOUT 5:15 AT THE LATEST RATE. WE ARE GOING TO NEED TO MEET ON THOSE FIVE OR SIX ITEMS TOMORROW AFTER THE CONCLUSION OF THIS MEETING ABOUT NOON. NO, WE DON'T HAVE TIME. SURE. DOROTHY? NO, I DO FINANCE. THE PROGRAM IS GOING TO START AT 5:15 BECAUSE WE HAVE SOME EXTERNAL GUESTS THAT ARE GOING TO BE JOINING US. SO, YOU KNOW, IF WE CAN BE UPSTAIRS BY THEN, THAT WOULD BE GREAT. SO THERE WOULD BE BETWEEN NOW AND THEN AND THEY ARE GOING TO BE CHANGING OUT THE ROOM. BECAUSE OUR DINNER WILL BE ON THAT SIDE OF THIS ROOM. SO THEY'LL WANT US TO MOVE OUT OF THIS ROOM. IF WE CAN, IN ORDER TO MAKE TIME FOR THEM TO DO THAT. OK. GREAT. THANK YOU. OK, WITH THAT, THIS MEETING IS ADJOURNED. FOR THE GREAT EVENING LAST NIGHT WITH JAKE JABS, WHERE WE WERE THE GUESTS FOR [M. 8:00 a.m. FRIDAY, FEBRUARY 14, 2020, CALL TO ORDER/PUBLIC MEETING, Chair Glen Gallegos presiding - Jake Jabs Event Center] DINNER AS THEY OPENED UP THE JAKE JAB CENTER, WHICH IS THIS ONE. AND BEING A CONSTRUCTION PERSON, I HAVE NEVER SEEN THREE FLOORS DESIGNED BETTER FOR THE TEACHING OF STUDENTS AND THE USE OF SPACE OR WHATEVER. AND IT'S POSSIBLE BECAUSE OF MR. JOBS, BUT ALSO BECAUSE OF DOROTHY'S VISION AS WE MOVE THROUGH. SO WE HAD A GREAT EVENING LAST NIGHT. AND THANK YOU VERY MUCH. I DON'T KNOW IF YOU WANT TO ADD ANYTHING? I THOUGHT THAT WAS FABULOUS. AND BEING ENTREPRENEURIAL IS CORE TO WHAT IT MEANS TO BE CU AND WHAT A GREAT EXAMPLE OF THAT THAT WE SAW YESTERDAY. AND JACOB JABS IS AN INSPIRATION TO US ALL. THE OTHER ANNOUNCEMENT I HAVE IS THAT ELIZABETH COLLINS HAS A BIRTHDAY TODAY. SHE'S 22. [LAUGHING] [APPLAUSE] PLEASE WISH HER A HAPPY 22ND BIRTHDAY. AND REGENTS, BEFORE WE START ON OUR STRATEGIC PLANNING SESSION. ANYBODY HAVE ANYTHING TO OFFER, ANY NEWS OR YOU WEREN'T INVOLVED IN ANY CONTROVERSIAL THINGS LAST NIGHT THAT YOU WANT TO TALK ABOUT? [LAUGHING] OK. WE'RE GOING TO TURN THIS OVER TO PRESIDENT KENNEDY. THE FIRST ITEM OF BUSINESS IS THE STRATEGIC PLAN DISCUSSION. AND PRESIDENT KENNEDY, IT'S ALL YOURS. WELL, I WOULD SAY THERE ARE FEW THINGS MORE CHALLENGING FACING THE UNIVERSITY, THE STATE, THAN THE FAST CHANGING, EVOLVING TECHNOLOGY AND CHANGING NEEDS FOR THE WORKFORCE. AND IT'S IMPERATIVE FOR US TO MAKE SURE THAT WE ARE PREPARED TO MEET THOSE NEEDS TO DELIVER THE TALENT AND THE DISCOVERY THAT THE STATE AND A NATION NEEDS. BUT THERE'S NOTHING MORE POWERFUL IN TERMS IN MEETING THAT THAN HAVING A COHESIVE VISION, A STRATEGIC PLAN THAT WE CAN ALL ALIGN BEHIND AND MOVE FORWARD TOWARDS. AND THAT REQUIRES A GREAT OUTREACH TO A VARIETY PEOPLE WITHIN THE UNIVERSITY COMMUNITY AND BEYOND. I VERY MUCH APPRECIATE ALL THAT THE WORKING GROUPS ARE DOING IN TERMS OF ADVANCING [02:25:02] THEIR WORK TO THE VARIOUS STEPS ULTIMATELY LEADING TO THE JULY MEETING WITH THE REGENTS. WE APPRECIATE THE REGENTS TAKING TIME TO HAVE THIS DISCUSSION AMONGST OURSELVES AND GET YOUR INPUT, BUT WE HAVE TO GO BEYOND THE UNIVERSITY. AND THAT'S WHY I'M SO THRILLED THAT WE HAVE THIS WORKFORCE PANEL TODAY WITH SOME OF OUR STARS HERE IN THE STATE TO HELP US TELL US AND FORECAST WHAT IS THE WORKFORCE WE NEED, HOW DO WE NEED TO PREPARE FOR THAT? AND SO WE VERY MUCH APPRECIATE THE INPUT OF THE PANEL THAT WILL BE PRESENTING TO US TODAY AND WORKING WITH US IN THE BREAKOUT GROUP. WE'RE JUST THRILLED TO HAVE THE TODD SOLOMON AND CHAIR [INAUDIBLE] IS OUR CO-CHAIRS. THEY'RE DOING A FABULOUS JOB AND I WILL TURN IT OVER TO THEM TO DISCUSS THE PROGRAM. WELL, THANK YOU FOR THAT INTRODUCTION. SO WHAT TODD AND I WILL DO IS GIVE YOU AN OVERVIEW OF WHERE WE ARE SO FAR, WE'RE STUCK THERE. AND WE'RE HERE TO ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE ABOUT THE PROCESS. SO AS AS PRESIDENT KENNEDY ALLUDED TO, A CRUCIAL PART OF THE DEVELOPMENT OF THE STRATEGIC PLAN IS GETTING THE INPUT OF OUR MANY DIFFERENT STAKEHOLDER GROUPS. SO WE'VE BEEN SPENDING A LOT OF TIME TALKING WITH THE VARIOUS CAMPUS GROUPS, FROM STUDENTS TO FACULTY TO STAFF, AS WELL AS GETTING INPUT FROM OTHER CONSTITUENCIES INVOLVING THE TRUSTEES, FOR EXAMPLE, ON SOME WORKOUT BREAKOUT GROUPS RELATED TO THE STRATEGIC PLANNING PROCESS. AS YOU MIGHT RECALL, THERE'S THREE MAIN DELIVERABLES ASSOCIATED WITH THE STRATEGIC PLANNING PROCESS FOR THE DIFFERENT WORKING GROUPS. SO AS YOU RECALL, THERE'S FOUR MAIN PILLARS. THERE'S SUBGROUPS UNDERNEATH ALL OF THOSE. SO THOSE GROUPS ARE DESIGNED TO GET AGAIN, BROAD INPUT AND DRIVE THOSE DIFFERENT AREAS FORWARD. SO IN TERMS OF PROCESS, THE FIRST DELIVERABLE WAS DUE AT THE END OF 2019 AND IT WAS RELATED TO IDENTIFYING WHAT ARE THE LEADING PRACTICES IN EACH OF THE AREAS RELATED TO THE WORKING GROUP TOPICS. THE SECOND DELIVERABLE, WHICH CAME IN AT ABOUT TWO WEEKS AGO, WAS RELATED TO DEVELOPING METRICS IN EACH OF THOSE AREAS. SO WHAT ARE THE KEY METRICS THAT WE WANT TO BE ACCOUNTABLE TO IN EACH OF THOSE DIFFERENT AREAS, THE WORKING GROUPS? SO WE'VE PROCESS THAT INFORMATION. WE HAD A VERY PRODUCTIVE MEETING WITH OUR STEERING COMMITTEE MEMBERS, WHICH IS THE CHANCELLORS AND VISE PRESIDENTS TO PROVIDE A ROADMAP FOR THE NEXT STEPS TO GIVE FEEDBACK ON THOSE METRICS. AND SO WE'RE IN THE PROCESS OF WORKING WITH THOSE DIFFERENT GROUPS NOW TO GIVE THEM FEEDBACK ON THE METRICS. AND THEN THE LAST MAIN STEP THAT THOSE WORKING GROUPS ARE GOING TO DELIVER ARE ACTIONS ASSOCIATED WITH THOSE METRICS. SO WE'LL BE WORKING ON THAT AND THEN WE'LL MEET TOGETHER IN TERMS OF ALL THE PEOPLE INVOLVED WITH THAT STRATEGIC PLANNING EFFORT TO HELP PRIORITIZE THOSE ACTION STEPS AS WE ROLL THINGS UP FOR FOR FOR THE REGENTS AS PART OF THAT PROCESS. SO THAT WAS A GREAT SUMMARY OF WHERE WE'VE BEEN AND WHERE WE'RE HEADED. SO THE METRICS HAVE BEEN REALLY INTERESTING. ONE OF THE CHALLENGES WE'RE GOING TO HAVE THAT WE'RE HAVING IS JUST TRYING TO PICK WHICH ONES WE REALLY WANT TO FOCUS ON THAT PRESIDENT KENNEDY AND I THINK SHARON AND I AND THE CHANCELLORS FEEL VERY STRONGLY THAT WE SHOULD HAVE YOU KNOW, WE DON'T WANT TO HAVE 120 METRICS. WE WANT TO HAVE A LIMITED NUMBER OF METRICS SO WE CAN REALLY FOCUS OUR ACTION STEPS AND FOCUS FOCUS OUR ACTIVITY. AND SO THAT'S WHAT WE ARE WORKING WITH. WITH THE STEERING COMMITTEE ON AND WITH THE WORKING GROUPS. AND I THINK THAT'LL BE VERY PRODUCTIVE. AND WE'RE ALREADY SEEING SOME OF THE ACTION STEPS, IDEAS START STARTING TO EMERGE FROM THE WORKING GROUPS AND THEY'RE VERY EXCITING. AND SO THE THE THE CHALLENGE THERE IS GOING TO BE TO CHOOSE ALSO, BECAUSE THERE ARE A LOT OF GOOD IDEAS COMING FROM THE WORKING GROUPS. BUT WE'RE MAKING GOOD PROGRESS AND WE'RE ON TIME. SO IT'S ALL GOING WELL. ANY QUESTIONS? OK. SO WITH THAT SAID, THEN WE'RE GOING TO TRANSITION INTO OUR PANEL. SO WHAT WE'VE PREPARED TODAY FOR YOU IS A PANEL TO HELP US THINK ABOUT WHAT IS THE FUTURE OF WORK LOOK LIKE IN THE STATE OF COLORADO AND WHAT ROLES CAN THE UNIVERSITY PLAY IN TERMS OF STAYING AHEAD OF THAT, MAKING SURE WE'RE DOING THE RIGHT THINGS IN TERMS OF DRIVING THAT FORWARD? AND THEN ALSO, HOW DO WE PARTNER WITH OUR STATE TO MAKE SURE THAT WE'RE CREATING A VIBRANT FUTURE FOR THE STATE OF COLORADO? SO FIRST UP, WHAT WE'RE GOING TO DO IS HAVE DR. RICH [INAUDIBLE] GIVE YOU A SHORT OVERVIEW, A SUMMARY FROM OUR ECONOMIC OUTLOOK. SO AS YOU MAY KNOW, EVERY YEAR THE LEAD SCHOOL OF BUSINESSES BUSINESS RESEARCH DIVISION DOES AN ECONOMIC OUTLOOK FOR THE STATE OF COLORADO. THIS IS A YEAR LONG PROCESS, REALLY, WHERE RICH'S WORKING WITH KEY LEADERS FROM ACROSS INDUSTRY TO DEVELOP THE ECONOMIC OUTLOOK FOR THE STATE OF COLORADO FOR THE UPCOMING YEAR. [02:30:01] I KNOW MANY OF, YOU KNOW RICH IS OUR ASSOCIATE DEAN FOR BUSINESS GOVERNMENT RELATIONS. HE'S OUR SENIOR ECONOMIST. HE'S OUR ACADEMIC DIRECTOR OF OUR BUSINESS RESEARCH DIVISION AND A BELOVED PROFESSOR. SO WE'VE ASKED HIM TO KICK OFF THE DISCUSSION WITH A SHORT SYNOPSIS OF SOME OF THE WORKFORCE ISSUES FROM THE ECONOMIC OUTLOOK. AND THEN WE'LL TRANSITION TO OUR PANEL. SO WITH THAT, I'LL TURN IT OVER TO RICH. CAN I SAY [INAUDIBLE] I COULDN'T HAVE SAID IT BETTER MYSELF. THAT'S ABSOLUTELY TRUE. SO THIS IS GOING TO BE CLOSE TO A [INAUDIBLE] PRESENTATION. I APOLOGIZE FOR THAT, BUT WE WANT TO STAY ON SCHEDULE HERE. SO AS WE'RE MOVING ALONG, AS SHARON MENTIONED, DEAN [INAUDIBLE] MENTIONED, WE ARE DO THIS WITH ONE HUNDRED AND THIRTY PROFESSIONALS FROM AROUND THE STATING AND THEN USE OUR STATISTICAL ANALYSIS YOU WERE ALL PROVIDED A PDF FOR THIS AND THE MATERIALS FOR THE MEETING. THERE ARE ALSO SOME HARD COPIES IF PEOPLE WOULD LIKE A HARD COPY, BUT THIS COMES OUT IN THE FIRST WEEK OF DECEMBER EVERY YEAR. AND THIS WAS THE FIFTY FIFTH ANNUAL FORECAST OUT OF THE BUSINESS SCHOOL. NOW THE LEAD SCHOOL OF BUSINESS. SO LOOKING AT THIS, WE ALWAYS HAVE A SHORT, VERY SHORT PIECE ON THE BEGINNING HERE OF THE MACRO ECONOMY THAT'S BEHIND THIS. AND THE PUNCH LINE ON THIS IS WE SEE A SLOWING GDP GROWTH FOR THIS YEAR PRETTY CONSISTENT WITH MOST OF THE NATIONAL FORECASTS. WE DO NOT SEE A RECESSIONARY SCENARIO. AND SO WE HAVE THAT DRIVING OVERALL LEVEL OF A LOWER ECONOMIC GROWTH THROUGHOUT THE YEAR. SOME OF THAT BEING BROUGHT ON BY A LITTLE BIT SLOWER CONSUMPTION PATTERNS. THIS, OF COURSE, LEADS TO LESS RECENT RETAIL SALES AND LOWER LEVELS OF RETAIL SALES IN WHICH INFLUENCE STATE AND LOCAL BUDGETS IN TERMS OF FISCAL FINANCE, GOVERNMENT SPENDING, STRONG WITH A STRONG WITH THE CENSUS EARLY PART OF THE YEAR. BUT THE REAL AREA OF CONCERN IS THE BOTTOM LEFT HAND CORNER, WHICH IS THE BUSINESS FIXED INVESTMENT NUMBERS, WHICH HAVE BEEN NEGATIVE FOR THE LAST THREE QUARTERS. AND THIS IS THE THING THAT KEEPS PUTTING IN RECESSIONARY FEARS INTO THE HEARTS OF YOU ALSO SEE IS THAT THE STATE NUMBERS, COLORADO STILL RANKS AND SORT OF THE TENTH SPOT IN TERMS OF OVERALL STATE EMPLOYMENT GROWTH. WE ARE WE REMAIN SOLID, BUT YOU CAN SEE THERE ARE STATES IN THE RED THAT ARE GONE NEGATIVE ALREADY AT THIS POINT. AND OUR I THINK THIS IS USEFUL FOR US TO THINK ABOUT OUR MAJOR COMPETITOR RIGHT NOW AS I THINK IS SALT LAKE CITY. UTAH IS BOOMING. IT'S BOOMING IN A LOT OF THE SAME INDUSTRY SORTS OF SETS THAT WE ARE, IT'S EXPANDING ITS AIRPORT LIKE WE ARE AND TRYING TO BECOME A INTERNATIONAL TRANSPORTATION HUB. SO THERE ARE SOME THINGS JUST TO PUT IN THE BACK OF THE MIND AS WE GO ALONG HERE. SO OUR FORECAST IS FOR SLOWER EMPLOYMENT GROWTH IN THIS STATE. AND BUT STILL, IT'S VERY SOLID EMPLOYMENT GROWTH. AND VERY IMPORTANTLY FOR THAT IS WHAT INDUSTRIES DO WE SEE THEM IN AS RELATES TO HERE? SO WHAT YOU'RE REALLY SEEING IS A SHORT TERM AND THEN A LITTLE BIT LONGER TERM, LOOK AT WHERE THE JOBS ARE. THE INDUSTRIES LIKE HEALTH CARE. BUT THE PANEL, I THINK, WILL GIVE US A LOT MORE COLOR IN TERMS OF TALKING ABOUT THE TYPES OF SKILLS NEEDED FOR THOSE JOBS. THOSE ARE THE TYPES OF QUESTIONS YOU REALLY NEED TO BE ASKING TO BUSINESS PEOPLE AND PEOPLE WHO ARE IN THE TRAINING PROCESS. SO WE CLEARLY ARE EXCELLING IN A CATEGORY CALLED PROFESSIONAL AND BUSINESS SERVICES. THIS IS BOOMING THROUGHOUT THE FRONT RANGE, BUT CERTAINLY IN DENVER, CERTAINLY IN COLORADO SPRINGS AND UP NORTH IN BOULDER AND FORT COLLINS AND GREELEY. AND A LOT OF THIS IS HIGH TECH R&D. THE CYBER SECURITY, CLOUD COMPUTING COMPANIES YOU SEE ACROSS THE STREET, THE DATA AGGREGATORS, ANALYTICS FIRMS, A LOT OF THEM ARE FALLING INTO THIS, AS WELL AS LAWYERS AND ARCHITECTS AND OTHER TYPES OF BUSINESS PROFESSIONALS. SO A LOT OF THOSE JOBS FIT IN THAT CATEGORY, STRONG GROWTH CATEGORY. AND IT'S A IMPORTANT INDUSTRY FOR THE STATE AS WELL. AGAIN, YOU'RE LOOKING AT THIS FROM A VARIETY OF PERSPECTIVES. SO PUT THE SLIDE INTO JUST SORT OF DESCRIBE WHERE THE JOB GROWTH HAS BEEN. THIS IS OVER THE LAST DECADE. GREELEY WEALTH COUNTY MSA HAS HAD THE STRONGEST JOB GROWTH FOR MANY OF THOSE YEARS, DRIVEN BY THE OIL AND GAS INDUSTRY AS WELL AS THE CONSTRUCTION INDUSTRY, NEW HOMES AND SO ON. NOW, MORE RECENTLY, BEING DRIVEN BY ACTUALLY A BUILD OUT OF WHAT I CALL THE ECONOMY, WHERE THEY'RE GETTING MORE PROFESSIONAL AND BUSINESS SERVICES, MANUFACTURING JOBS, THEY'RE GETTING A MORE DIVERSIFIED ECONOMY OVER TIME. BUT ALSO, YOU CAN SEE FORT COLLINS IS VERY STRONG. AND THEN SORT OF BELOW THE BELOW TREND, GROWTH HAS BEEN IN PUEBLO, IN GRAND [02:35:01] JUNCTION, GRAND JUNCTION REALLY DOING QUITE WELL. THE LAST COUPLE OF YEARS AS WE'VE BEEN AS THEY'VE COME A LITTLE BIT HIGHER UP ON THE RECOVERY SCALE. AND THIS, AGAIN, ALSO RELATES TO UNEMPLOYMENT AND JOB GROWTH IN THE VARIOUS AREAS THROUGH DECEMBER. EVEN THOUGH WE BELIEVE THIS NUMBER WILL BE REVISED DOWN A LITTLE BIT. SEE 2.1 PERCENT JOB GROWTH IN THE STATE. AND YOU CAN SEE THE HOTTEST GROWTH AREAS. GREELEY, COLORADO SPRINGS AND BOULDER. AND THEN AT THE BOTTOM END BUT STILL GROWING AT 1 PERCENT IS PEPLOW IN GRAND JUNCTION. AND EVEN IN THOSE AREAS THAT HAVE THE SLOWER JOB GROWTH AND HAVE BEEN SORT OF THE BELOW TREND FOR THE STATE JOB GROWTH, YOU STILL SEE UNEMPLOYMENT RATES UNDER 4 PERCENT IN BOTH OF THOSE AREAS. SO SHOWS YOU HOW TIGHT THE JOB MARKET IS WITH THE STATEWIDE UNEMPLOYMENT RATE BEING UNDER 3 PERCENT. SO ONE THING WE TALK ABOUT WHEN IT'S, YOU KNOW, WHERE ARE PEOPLE GOING TO COME FROM FOR THE JOBS AND AGAIN, YOU'RE GOING TO THINK ABOUT WHAT KIND OF SKILLS THAT THEY NEED. BUT ONE AREA THAT THEY COULD COME FROM IS THAT YOU COULD HAVE HIGHER LABOR FORCE PARTICIPATION. AND IT WAS, OF COURSE, ONE OF THE HOPES OF THE JOB TAX CUT ACT OF SEVEN THAT WE ENACTED NATIONALLY IS THAT THIS WOULD BRING MORE LABOR INTO THE WORKFORCE. NATIONALLY, IT'S NOT EASY TO SEE THAT IT'S BEEN FLAT. BUT AGAIN, IT COULD BE IT MIGHT HAVE TRENDED EVEN FURTHER DOWNWARD GIVEN THE DEMOGRAPHIC CHANGE THAT WE'RE EXPERIENCING. BUT IN COLORADO, WE ACTUALLY HAVE SEEN A PRETTY NICE UPTICK. AND CURRENTLY WITH THE FIFTH HIGHEST LABOR FORCE PARTICIPATION STATE. SO THAT BRINGS IN A WHOLE ANOTHER SORT OF THOUGHT OF WHAT KINDS OF THINGS DO YOU NEED IF YOU'RE GOING TO HAVE A HIGHER LABOR FORCE PARTICIPATION AND AN ADDRESS THAT A LITTLE BIT MORE IN THIS NEXT SLIDE AS I'M SORT OF SLOWING DOWN HERE A LITTLE BIT. SO ONE THING THAT WE KNOW IS LABOR FORCE PARTICIPATION TENDS TO BE VERY, VERY HIGHLY CORRELATED TO LEVEL OF EDUCATION. AND SO WE'RE THE SECOND HIGHEST UNDERGRADUATE OR COLLEGE EDUCATED WORKFORCE IN THE COUNTRY. SO YOU WOULD ANTICIPATE HIGHER YOU WOULD ANTICIPATE HIGHER PARTICIPATION IN THE ECONOMY. BUT IN ORDER FOR THAT TO HAPPEN, THE LABOR FORCE PARTICIPATION, IN ORDER FOR THAT TO HAPPEN, YOU NEED TO HAVE THE NECESSARY INFRASTRUCTURE IN PLACE BEHIND THAT. MEANING CHILD CARE IF PEOPLE WANT TO HAVE FAMILIES, YOU NEED TO HAVE A HEALTH CARE SYSTEM IN PLACE THAT PEOPLE CAN HAVE, YOU KNOW, AFFORDABLE AND ALL OF THOSE TYPES OF THINGS. SO IT ISN'T JUST HAVING EDUCATED PEOPLE. I ALSO WILL SAY WE'RE IN PER CAPITA PERSONAL INCOME WERE RANKED 11TH IN THE COUNTRY. ONE OF THE FEW INLAND STATES THAT HAS VERY HIGH PER CAPITA PERSONAL INCOME. AND IT REALLY IS ASSOCIATING BACK TO HOW WELL EDUCATED THE WORKFORCE IS AND THE COMPENSATION RELATED TO THAT. LABOR FORCE PARTICIPATION RATES VARY BY GROUP. THIS IS ONLY UP THERE TO TELL. TO SHOW YOU THAT WE'RE HAVING YOU NATURALLY WITH DEMOGRAPHIC CHANGE, WE'RE GOING TO BE SEEING LOWER PARTICIPATION RATES AS WE GO FORWARD. 59 TO 60. 55 TO 64 GROUP. WE'RE AT THE HIGHEST LEVEL IT'S EVER BEEN, BUT STILL YOU CAN SEE HOW MUCH LOWERED IS THAN PEOPLE WHO ARE YOUNGER. SO OUR REAL WORKFORCES GOING TO COME OUT OF THAT 20 TO 24 BUMP UP IN A TWENTY FIVE TO 34 BUMP UP. THAT'S WHERE WE'RE GOING TO SEE PEOPLE NEEDING SKILLS OR NEEDING ADDITIONAL EDUCATION AND MOVING INTO THE WORKFORCE AT HIGHER PARTICIPATION RATES. FOR YEARS, WE RELIED ON PEOPLE COMING HERE FROM ELSEWHERE. WE HAD VERY STRONG IN-MIGRATION, RATES, AND FOR THOSE OF YOU NEWER TO THE STATE, THE 90S WERE EVEN MUCH HIGHER IN MIGRATION RATES TO THE STATE THAT HAD MIGRATION. BUT THAT IS SLOWING A LITTLE BIT. AND ALSO, IF YOU LOOK AT THE BOTTOM BAND OF THIS, THE POPULATION INCREASE THAT'S NATURAL IS SLOWING AS WELL. WHEN YOU LOOK AT THAT AND YOU SAY, WELL, OF COURSE, WE'RE GETTING OLDER, MORE PEOPLE ARE DYING. SO THE BIRTHS VERSUS DEATHS, THINGS GETTING GOING TO WORSEN OVER TIME. BUT THE REAL DRIVER OF THIS IS WE'RE HAVING FEWER BABIES. PEOPLE IN PRIME CHILDBEARING YEARS ARE HAVING FEWER CHILDREN NOW. WHAT IS DRIVING THAT YOU CAN MAYBE DO SOME OTHER READING OR COME TO SOME OTHER CONCLUSIONS. BUT BUT THAT'S A FACTUAL THING. SO THIS IS IMPACTING K - 12 NOW IN TERMS OF ENROLLMENT NUMBERS THAT WE'RE SEEING AND IT'S EVENTUALLY GOING TO BE IMPACTING US, I THINK, IN TERMS OF IN-STATE STUDENTS AVAILABLE. OVERALL WAGES, I AM GOING TO HIT MY TIME HERE. OVERALL WAGES ARE 4.3 PERCENT. THAT'S GOOD NEWS FOR YEARS. WE WERE HAVING THIS GREAT ECONOMY AND THRIVING. BUT OUR WAGE RATE WAS RISING LESS RAPIDLY THAN OUR INFLATION RATE. [02:40:01] WE HAVE HIGH INFLATION IN THE STATE, HIGHER THAN THE NATIONAL NUMBERS. SO WE'RE FINALLY GETTING TO THE POINT OF HAVING REAL WAGE RATE INCREASES THAT WE FEEL GOOD ABOUT. AND SO WHEN WE'RE LOOKING AT WHERE, AGAIN, THE JOBS ARE HEADED BY INDUSTRY AND THEN A LITTLE BIT LONGER TERM PEACE, WHICH IS IN THE NEXT FEW SLIDES AS I CLOSE OUT PROFESSIONAL AND BUSINESS SERVICES, EDUCATION AND HEALTH, THAT'S PRIVATE EDUCATION AND PRIVATE HEALTH DELIVERY GOVERNMENT INCLUDING INCLUDES HIGHER ED. THAT'S WHERE WE'RE SITUATED. AND ANY GOVERNMENTAL RELATED HOSPITAL SYSTEMS WOULD ALSO BE THERE. AND THEN YOU CAN SORT OF PROBABLY FIGURE OUT THE OTHER CATEGORIES BY THEIR LABELS. SO THOSE ARE THE BIG JOB AREAS. AND NATIONALLY, THIS IS THE PROJECTION FOR 19. THE PROJECTION FOR 20. WE DON'T HAVE TO SORT OF MEMORIZE THESE AND THEN THE PROJECTION 2020 THROUGH 2025. YOU CAN CLEARLY SEE THE BIGGEST ONE IS AT THE TOP WITH PROFESSIONAL AND BUSINESS SERVICES, EDUCATION AND HEALTH SERVICES, LEISURE AND HOSPITALITY, GOVERNMENT AND CONSTRUCTION. SO THE ONES IN THAT TOP BRACKET ARE HEAVILY EDUCATION DEPENDENT AND ALL SORTS OF CATEGORIES STEM EDUCATION, BUSINESS, EDUCATION, ENGINEERING, TYPES OF ENGINEERING, EDUCATION, LEGAL, EDUCATION. SO VERY STRONG DEMAND GOING FORWARD FOR WHAT A FAMOUS PERSON WHO USED TO WORK FOR THE DENVER METRO ECONOMIC DEVELOPMENT GROUP, TOM CLARK STARTED CALLING NECK UP JOBS, SAYS A LOT OF NECK UP JOBS COMING DOWN THE PIPELINE. SO THAT'S WHAT WE NEED TO BE THINKING ABOUT AS WE GO FORWARD. IN THIS LAST SLIDE ACTUALLY JUST LOOKS AT WHICH INDUSTRIES ARE WE COMPARATIVELY LARGE IN AS A STATE. SO THINKING ABOUT THIS, YOU WOULDN'T EXPECT THIS TO DISAPPEAR GOING FORWARD. SO WHERE DO WE HAVE OUR RELATIVE CONCENTRATION OF INDUSTRY? AND THE LEADING ONE IS NATURAL RESOURCES IN MINING. BUT THEN YOU CAN SEE INFORMATION. AND IF YOU'RE NOT FAMILIAR WITH THAT, THAT INCLUDES COMPANIES LIKE CENTURY LINK AND MAXAR AND DIGITAL, THE OLD DIGITAL GLOBE COMPANIES THAT ARE DOING TELECOMMUNICATIONS [INAUDIBLE] GROUP AND ALSO PRINTING AND PUBLISHING. BUT LARGELY THE KIND OF BIG DIGITAL KINDS OF COMPANIES THAT YOU THINK ABOUT IN THAT ARE MANY OF WHICH EXIST DOWN IN THE DENVER TECH CENTER AREA. SO THEY'RE IN THAT INFORMATION GROUP. AND THEN THE PROFESSIONAL AND BUSINESS SERVICES, AS YOU CAN SEE, ALSO A STRONG AREA FOR US, ARTS AND ENTERTAINMENT, AND YOU CAN SEE THE REST. AND RELATIVELY COMPARED TO THE U.S., FOR EXAMPLE, MANUFACTURING AT THE FAR END. WE HAVE LOWER CONCENTRATIONS IN MANUFACTURING, WHICH MAKES SOME SENSE GIVEN OUR GEOGRAPHIC LOCATION. SO WITH THAT, I AM CLOSING SOME HEADWINDS AT THE END HERE, BUT WE CAN TALK ABOUT THAT LATER. BUT I THINK THE BIG ISSUE IS MAKING SURE WE HAVE PEOPLE LINED UP FOR THE TYPES OF JOBS THAT ARE OUT THERE. WE DON'T SEE ANY EVEN GO. EVEN IF WE GO INTO SORT OF A SLIGHT DIP NEXT YEAR, WE JUST HAVE AN EXTREMELY TIGHT LABOR FORCE IN COLORADO RIGHT NOW. SO HAVING PEOPLE WELL-PREPARED AND LINING THOSE JOBS UP WILL BE A GREAT PLUS FOR THE STATE. SO HOPEFULLY THAT GIVES YOU A GOOD BACKGROUND SET OF INFORMATION AS WE MOVE INTO OUR PANEL. SO WHAT WE'RE GONNA DO NOW WITH THE PANEL TO INTRODUCE THE PANELISTS AND THEY'RE GOING TO ADDRESS TWO QUESTIONS TO GET US STARTED AND THEN WE'RE GOING TO OPEN IT UP TO YOUR QUESTIONS. SO YOU HAVE THE INFORMATION THAT YOU NEED FOR WHEN WE MOVE INTO OUR BREAKOUT GROUPS AND WHEN WE'RE IN OUR BREAKOUT GROUPS. WHAT WE'RE GONNA BE TALKING ABOUT IS YOUR REFLECTIONS ON WHAT CU NEEDS TO BE DOING TO PREPARE FOR THAT FUTURE THAT RICH ALLUDED TO AND THAT OUR PANELISTS ARE GOING TO TALK ABOUT THIS MORNING. SO WE'RE VERY PLEASED TO HAVE A REALLY DYNAMIC SET OF PANELISTS THAT WILL PROVIDE YOU WITH A BROAD SET OF DIFFERENT PERSPECTIVES ON WHERE THE FUTURE IS GOING. WE HAVE EXIT DIRECTLY TO MY RIGHT. WE HAVE JOEL MARTINEZ, WHO'S A NATIONALLY RECOGNIZED NON PROFIT EXECUTIVE AND INSPIRATIONAL SPEAKER. SHE'S CURRENTLY THE EXECUTIVE DIRECTOR OF THE LATINO LEADERSHIP INSTITUTION AT DU. AND SHE ALSO SERVES AS A TRUSTEE FOR THE MILE-HIGH UNITED WAY. SO WE'RE THRILLED TO HAVE HER PERSPECTIVE REPRESENTED. NEXT TO JOEL IS KELLY BRUFF. I THINK YOU PROBABLY ALL KNOW KELLY. SHE'S THE CEO OF THE DENVER METRO CHAMBER OF COMMERCE AND HAS BEEN A GREAT PARTNER TO HIGHER ED AND OUR BUSINESS COMMUNITY IN TERMS OF BUILDING OUT THE FUTURE OF COLORADO AND HOW WE'RE LOOKING AT THAT DIRECTLY. NEXT TO KELLY IS CHRISTIAN REESE. [02:45:02] SHE HAS A PASSION, COMMITMENT FOR WESTERN COLORADO FOR MANY YEARS, AND SHE IS THE LEADER OF OUR CLUB OF CLUB 20. SO SHE'S GOING TO BE REPRESENTING THE PERSPECTIVE OF WESTERN COLORADO AND SOME OF THE OTHER COMMUNITIES THAT WE WANT TO MAKE SURE WE ARE ADDRESSING AS WELL. AND THEN WE HAVE CHRIS GESSNER, WHO'S THE PRESIDENT AND CEO OF UNIVERSITY OF COLORADO HOSPITAL, WHICH IS A NATIONALLY RECOGNIZED ACADEMIC MEDICAL CENTER WITH ALMOST 700 IN PATIENT BEDS AND 6000 EMPLOYEES. SO WHEN WE THINK ABOUT THE HEALTH CARE SECTOR, CHRIS HAS A VERY GREAT GRASP ON THAT. SO TO START US OFF, I'VE ASKED EACH OF THE PANELISTS TO THINK ABOUT TWO QUESTIONS. THE FIRST BEING, WHEN THEY LOOK INTO THE FUTURE, 10 YEARS OUT, WHAT ARE THE TWO OR THREE THINGS THAT THEY THINK ARE GOING TO BE FUNDAMENTALLY DIFFERENT THAN WHAT WE SEE TODAY. AND THEN THE QUESTION THAT I'M GONNA ASK THEM TO ADDRESS AFTER THAT IS LOOKING SPECIFICALLY AT WORKFORCE, YOU KNOW, WHAT DO THEY THINK ARE THE THE AREAS OF SURPLUS, THE AREAS OF SHORTAGE THAT WE'RE GOING TO NEED TO THINK ABOUT AS WE LOOK INTO THE FUTURE. SO FIRST, WE'LL START OUT WITH THE NUMBER ONE QUESTION, WHICH IS LOOKING 10 YEARS OUT. CAN YOU TELL US TWO OR THREE THINGS THAT YOU THINK ARE GOING TO BE FUNDAMENTALLY DIFFERENT AND I'LL START WITH YOU, JOEL, AND WE'LL JUST GO DOWN THE PANEL. WELL, GOOD MORNING AND THANK YOU FOR HAVING US TODAY. THE PERSPECTIVE I'M GOING TO GET GIVE YOU TODAY IS ABOUT CHANGING DEMOGRAPHICS, SOMETHING THAT WE ARE ALL AWARE OF. IT IS HAPPENING QUITE RAPIDLY. 2030 IS ACTUALLY A REALLY PIVOTAL MOMENT, NOT JUST FOR OUR STATE, BUT FOR OUR COUNTRY. IN COLORADO, LATINOS WILL REPRESENT ABOUT A THIRD OF THE STATE'S POPULATION AT THAT TIME. BUT TO PUT CONTEXT TO THAT JUST A LITTLE BIT MORE, I WANT TO GIVE YOU SOME UNDERSTANDING OF WHAT THAT IS AND THE ECONOMIC POWER AND THE WORKFORCE AND REALLY LEADING US INTO IT. TODAY, THE LATINO GDP, WHEN CALCULATED, IS ABOUT 2.3 TRILLION DOLLARS. AND WHEN WE DISCOVERED THAT NUMBER, THERE'S SOME RESEARCH THAT WE DID A COUPLE OF YEARS AGO, WE HAD TO ASK OURSELVES HOW BIG REALLY IS THAT 2.3 CHILDREN, MILLION DOLLARS THROUGHOUT THE UNITED STATES. AND IT TURNS OUT IT WOULD BE THE EIGHTH LARGEST COUNTRY IN THE WORLD. IT ALSO TURNS OUT THAT IT WOULD BE THE THIRD FASTEST GROWING ECONOMY IN THE WORLD, ONLY BEHIND CHINA AND INDIA. WHEN WE FAST FORWARD TO 2030, THERE'S A LOT OF OPPORTUNITY THAT COMES WITH THIS GROWING, RAPIDLY GROWING LATINO ECONOMIC SUPERPOWER. A LOT OF IT HAS TO DO WITH WORKFORCE. BUT WHAT WE REALLY LOOK AT IN 2030 IS THE POST MILLENNIALS, THOSE THAT ARE, YOU KNOW, BORN AFTER 1997 BECAUSE THE LATINO POPULATION HAS CHANGED DRAMATICALLY. YOU KNOW, IN 1980 AND 1990, A LOT OF THE MIGRATION PATTERNS YOU WERE DEALING WITH FIRST AND SECOND GEN LATINOS, WHEN THEY ENTERED THE WORKFORCE, THEY WERE ENTERING THE WORKFORCE AS PREDOMINANTLY UNEDUCATED, DIDN'T GET THEIR DEGREES AND THEY WERE GOING INTO LOWER PAYING JOBS. BUT THAT CHANGES WHEN WE LOOK INTO THE FUTURE IN 2030, BECAUSE POST MILLENNIALS ARE GETTING COLLEGE DEGREES MUCH AT A MUCH HIGHER RATE. IN FACT, THAT HAS INCREASED BY ABOUT 51 PERCENT NATIONALLY OVER THE LAST DECADE ALONE. SO POST-MILLENNIAL LATINOS ARE MORE EDUCATED. THEY'RE ENTERING THE WORKFORCE AT A RAPID RATE IN STATES LIKE COLORADO. ANOTHER IMPORTANT POINT IS OVER THE NEXT FIVE YEARS ALONE, LATINOS REPRESENT ABOUT 50 PERCENT OF COLORADO'S WORKFORCE REPLACEMENT. SO AS WE LOOK FORWARD INTO THE FUTURE 2030, WE'RE GOING TO LOOK AT A RAPIDLY GROWING LATINO WORKFORCE, MORE EDUCATED THAN THE PREVIOUS GENERATIONS WITH GREATER ECONOMIC. SUPERPOWER. SO AS WE LOOK AT THAT 2.3 TRILLION DOLLARS TODAY, IT EQUATES TO ABOUT $28 BILLION IN A STATE LIKE COLORADO. ITS RAPID GROWTH AND UNTAPPED POTENTIAL. THANK YOU, KELLY. THAT'S EYE OPENING, JOEL. YOU KNOW, I ALMOST FLIPPED THIS QUESTION WHEN WE WERE ASKED IT OF WHAT WILL CHANGE. IT'D BE EASIER, I THINK, TO TALK ABOUT, AS YOU HEAR THESE NUMBERS, WHAT MIGHT STAY THE SAME. BUT I'LL STICK WITH THE QUESTION. I CHOSE TWO THINGS TECHNOLOGY AND THEN HOW WE TRAIN OUR WORKFORCE BECAUSE WE THINK THEY'LL BE HUGE CHANGES IN BOTH AND SOME CAN BE ANTICIPATED IN TERMS OF TECHNOLOGY. I'M GOING TO REALLY FOCUS ON AUTOMATION AND ARTIFICIAL INTELLIGENCE. THE SPEED OF THESE CHANGES ARE EYE OPENING. AND FIVE YEARS AGO I TOLD YOU THEY'LL BE AUTONOMOUS VEHICLES DRIVING YOU AROUND. YOU WOULD HAVE SAID, I'M CRAZY. AND TODAY WHEN I TELL YOU, YOU'RE LIKE, YEAH, PROBABLY. IT'S HAPPENING NOW. AND IN THE NEXT FEW YEARS, I THINK WE'RE GOING TO SEE MORE AND MORE FLEETS AND COMPANIES TAKE THIS ON. WHY IS THIS IMPORTANT? IT'S BECAUSE WHEN YOU LOOK AT THE JOBS THAT WILL BE DISPLACED, WHAT YOU REALLY FIND ARE THOSE JOBS THAT TEND TO BE MORE PHYSICAL OR CUT AND COGNITIVE IN NATURE. I'LL GIVE YOU SOME EXAMPLES. DRIVERS IS ONE. CLERKS, FOOD PREPARERS, MACHINE OPERATORS ARE MUCH MORE LIKELY TO BE MORE QUICKLY REPLACED BY AUTOMATION. THE TIGHTER YOUR LABOR FORCE, WHICH IS WHAT WE HAVE IN COLORADO. [02:50:01] THE MORE INCENTIVE THERE IS TO MAKE THAT INVESTMENT TO KEEP YOUR COMPANY GROWING AND SUCCESSFUL AND COMPETING IN AUTOMATION BECAUSE YOU CAN'T FIND THE WORKERS. ONE OF THE CHALLENGES WE SEE WITH THIS A.I. AND AUTOMATION COMING IS THAT WE ALSO KNOW WHILE IT BRINGS NEW JOBS, THE JOBS IT BRINGS ARE PROBABLY NOT JOBS THAT THOSE WHO WILL BE DISPLACED HAVE BEEN TRAINED FOR. AND SO THIS IS THAT SECOND CATEGORY OF HOW WHAT'S THE ROLE OF EDUCATION IN THE FUTURE? AND WHAT'S THE SPEED AT WHICH WE CAN REEDUCATE THOSE WORKERS? SO LET ME GIVE YOU SOME EXAMPLES OF WHERE ARTIFICIAL INTELLIGENCE WILL WEIGH INTO THESE. THESE JOBS WILL BE MORE JOBS LIKE MINE. SOON YOUR CHAMBER HEAD OF YOUR CHAMBER WILL BE A MACHINE TELLING YOU WAY BETTER INFORMATION THAN I CAN TELL YOU. THESE ARE JOBS THAT WOULD BE ADEPT AT INTERPERSONAL SKILLS, SOCIAL ANALYTICAL CAPABILITIES. THESE ARE THE JOBS YOU TRAIN PEOPLE FOR. THAT ARTIFICIAL INTELLIGENCE CAN MUCH MORE LIKELY REPLACE THE IMPACT OF THESE TWO COMBINED MEANS. WE HAVE A MUCH BROADER IMPACT ON WORKERS IN COLORADO THAN WHEN YOU JUST THINK ABOUT AUTOMATION BEING THE IMPACT. SO NOW I WANT TO SHARE JUST A FEW NUMBERS. FORTY SEVEN PERCENT OF OUR LATINO WORKERS ARE IN JOBS THAT COULD BE AUTOMATED. YOU SEE, IT'S EXTREMELY HIGH PERCENTAGE WHEN YOU START TO BREAK IT DOWN BY RACE AS WELL. WE THINK THAT'S IMPORTANT TO PAY ATTENTION TO IN COLORADO, ESPECIALLY WHEN YOU CONSIDER JOEL'S POINT OF THE SPEED OF GROWTH THAT WE'RE SEEING IN OUR LATINO COMMUNITY. IT'S OUR FASTEST GROWING WORKFORCE. AMERICAN INDIANS ARE THE NEXT HIGHEST, MOST LIKELY TO BE REPLACED BY AUTOMATION. 45 PERCENT OF THE JOBS THEY'RE CURRENTLY IN, FOLLOWED BY AFRICAN-AMERICANS. YOU SEE THE TREND THAT ARE COMMUNITIES OF COLOR ARE MOST LIKELY TO BE THE FIRST REPLACED THROUGH AUTOMATION. AND WHAT WE KNOW, IF YOU LOOK AT CITIES LIKE DETROIT, THAT IS MUCH HIGHER TO BUY YOUR WAY OUT OF FIXING IT LATER THAN TO THINK ABOUT IT TODAY. WHEN YOU LOOK AT ARTIFICIAL INTELLIGENCE, THOUGH, YOU CAN REVERSE IT COMPLETELY. ASIAN-AMERICANS HAVE THE HIGHEST POTENTIAL TO BE DISRUPTED BY OUR IN JOBS THAT WOULD BE DISRUPTED BY ARTIFICIAL INTELLIGENCE FOLLOWED BY WHITE WORKERS. AND THEN IT JUST GOES THE OTHER DIRECTION BECAUSE YOU CAN SEE WHERE THE EDUCATION IN COLORADO HAS OCCURRED IS REALLY OUR EDUCATED POPULATION TENDS TO BE MUCH MORE WHITE AND ASIAN POPULATIONS THAN OUR COMMUNITIES OF COLOR. SO WE THINK AS AN INSTITUTION, THINKING ABOUT THAT REALITY AND WHO YOU CURRENTLY SERVE HAS TO BE A CRITICAL PART OF HOW YOU THINK ABOUT THE FUTURE. THE SECOND PART THAT I IDENTIFIED IN THE TOP TWO ISSUES WOULD BE THIS ISSUE OF WHO IS GOING TO EDUCATE WORKERS OF THE FUTURE. IT KIND OF GETS INTO SHARON'S SECOND QUESTION. SO I'LL STOP THERE AND SAVE THAT CONVERSATION FOR THE NEXT ROUND. THANK YOU. HI GOOD MORNING AND THANK YOU FOR HAVING THE WESTERN SLOPE PERSPECTIVE ON THE PANEL. WE CERTAINLY APPRECIATE BEING HERE. WHEN WE COMPARED THE WESTERN SLOPE ECONOMY TO THE FRONT RANGE ECONOMY, IT REALLY IS A TALE OF TWO COMPLETELY DIFFERENT SITUATIONS. AND THAT'S NOT A NOTE TO BEING A VICTIM OR ANYTHING OF THAT NATURE. IT'S JUST DIFFERENT. AND WE HAVE TO APPRECIATE THAT THERE ARE DIFFERENCES IN OUR ECONOMIC DRIVERS. WHEN WE LOOK FORWARD 10 YEARS FROM NOW IN WESTERN COLORADO, WE SEE SOME PRETTY DRAMATIC CHANGES IN OUR PRIMARY INDUSTRIES AND OUR NATURAL RESOURCE EXTRACTION INDUSTRIES, PARTICULARLY THE COAL INDUSTRY. WE'VE ALREADY HEARD, YOU KNOW, THE ANNOUNCEMENT THAT TRI-STATE MADE JUST A FEW WEEKS AGO. THERE'S A COAL FACILITY. IN NORTHERN NEW MEXICO, THAT'S CLOSING. THAT'S GOING TO HAVE SIGNIFICANT JOB LOSS IMPACTS ON THE DURANGO COMMUNITY. SO AS WE AS WE LOOK TOWARD WHAT THOSE ECONOMIC SECTORS WILL BE IN THE FUTURE, WE'RE CERTAINLY MOVING AWAY FROM THE NATURAL RESOURCE, EXTRACTIVE TYPES OF INDUSTRIES. WE'RE MOVING AWAY FROM OUR AGRICULTURAL HERITAGE IN THE REGION, WHICH IS AN ABSOLUTELY SHAME. FOOD PRODUCTION IS ABSOLUTELY CRITICAL TO ALL OF OUR SURVIVAL. BUT SO MANY AG FAMILIES ARE HAVING A HARD TIME MAKING AD PRODUCTION PROFITABLE AND THEIR CHILDREN ARE SAYING, YOU KNOW, I CAN ACTUALLY GO INTO A DIFFERENT INDUSTRY AND MAKE MONEY AND, YOU KNOW, NOT HAVE MY BACK BROKEN BY THE TIME I'M 50. AND SO THEY'RE LEAVING THE FAMILY FARMS FOR ALTERNATIVE EMPLOYMENT, WHICH REALLY PUTS OUR FOOD PRODUCTION FOR THE STATE OF COLORADO IN JEOPARDY. AND THAT'S NOT A CASE THAT'S UNIQUE TO COLORADO, THAT'S HAPPENING ACROSS THE COUNTRY. AND IT'S SOMETHING WE SHOULD BE CONCERNED ABOUT FOR OUR FUTURE THROUGHOUT THE REGION. WE'RE SEEING QUITE A BIT OF MIGRATION, SURPRISINGLY, FROM THE FRONT RANGE. WE HAVE A LOT OF FOLKS IN THE DENVER METRO AREA WHO ARE RETIRING EARLY. THEY'RE SELLING THEIR HOMES FOR MILLIONS OF DOLLARS AND BUYING A NICE, AFFORDABLE HOME ON THE WESTERN SLOPE. AND SO THAT COMES WITH UNIQUE CHALLENGES, CHALLENGES TO OUR ABILITY TO [02:55:04] KEEP UP WITH HEALTH CARE DEMANDS AND BEING ABLE TO PROVIDE AFFORDABLE HEALTH CARE FOR OUR RESIDENTS THROUGHOUT WESTERN COLORADO. WE'RE SEEING OUR POPULATION AGE WITHOUT A LOT OF YOUNG REPLACEMENT. WE TEND TO HAVE YOUNG PEOPLE WHO LEAVE THE REGION AND WORK IN THESE LARGER, LARGER COMMUNITIES. WASHINGTON, D.C., IN DENVER AND THESE BIG CITIES TO REALLY GET THEIR START IN THEIR CAREER. AND THEY'RE NOT MOVING BACK TO WESTERN COLORADO UNTIL THEY'RE CLOSER TO THAT RETIREMENT AGE. AND THEY'RE REALLY MORE FOCUSED ON THE QUALITY OF LIFE ASPECT. SO THEY'RE CERTAINLY CHANGING DEMOGRAPHICS IN THAT RESPECT. WE'RE SEEING MORE ADVANCED MANUFACTURING, MORE TECH MOVE MOVING INTO THE AREA AND CERTAINLY A LOT OF HOSPITALITY WITH ALL OF OUR RESORT REGENTS IN THE AREA. AND ALSO, ONE LAST THING THAT IS IMPORTANT TO KEEP AN EYE ON IS AS WE DO MOVE TOWARD THIS AMAZON BASED ECONOMY, WHERE WE CAN BUY EVERYTHING ONLINE AND HAVE IT AT OUR FRONT DOOR IN ONE AT ONE DAY, LET ALONE IN SOME COMMUNITIES ONE HOUR. IT'S REALLY HAVING A NEGATIVE IMPACT ON OUR SMALL BUSINESS COMMUNITY. AND THOSE SMALL BUSINESS OWNERS TRULY ARE THE FABRIC OF OUR COMMUNITIES AND TRYING TO FIND WAYS THAT WE CAN STILL SUPPORT LOCAL BUSINESSES, SMALL BUSINESSES IN THE FACE OF A MORE CONVENIENT ECONOMY THAT THE INTERNET PROVIDES US. IT'S GONNA BE A CHALLENGE AS WE LOOK TOWARD THE FUTURE. SO THANK YOU. THANK YOU, CHRIS. GOOD MORNING. WHEN I THE FIRST DAY OF MY GRADUATE WORK, WHEN I STARTED IN THE HEALTH SERVICES ADMINISTRATION, THE PROFESSOR SAID, I'M GOING TO TELL YOU THREE WORDS THAT'LL BE THE MOST IMPORTANT THING FOR YOU TO REMEMBER IN YOUR CAREER. SO I IMMEDIATELY GRABBED MY PENCIL AND THOUGHT I'D BETTER WRITE THAT DOWN. AND HE SAID, DEMOGRAPHY IS DESTINY. AND I'VE NEVER FORGOTTEN THAT. AND I THINK YOU'VE HEARD THAT FROM OUR OTHER PANELISTS. AND IT'S CERTAINLY TRUE WHEN YOU THINK ABOUT HEALTH CARE AND WHAT'S GOING TO HAPPEN OVER THE NEXT 10 YEARS IN COLORADO IS WHILE WE'RE BLESSED WITH A GROWING POPULATION, WHICH IS FANTASTIC BECAUSE MANY OF THE OTHER STATES ARE NOT. WE'RE ALSO STARTING TO SEE THE AGING OF THE COLORADO POPULATION. WE'RE A RELATIVELY YOUNG STATE, BUT THERE IS A PRETTY BIG GROUP OF US THAT ARE GOING TO BE MOVING INTO THAT 65 AND OLDER CATEGORY AS WE GO INTO THESE NEXT 10 YEARS. AND THAT HAS A HUGE IMPACT ON HEALTH CARE. AS WE GET OLDER, WE NEED TO SEE PHYSICIANS AND HEALTH CARE PROFESSIONALS MORE FREQUENTLY AND WE NEED TO GEAR UP FOR THAT HERE AT THE IN COLORADO. AND THE BIG THINGS THAT I SEE CHANGING IN THE ACADEMIC MEDICAL CENTER IN HEALTH CARE, WHEN YOU THINK ABOUT A HOSPITAL OR AN ACADEMIC MEDICAL CENTER, WE'RE ESSENTIALLY A MICROCOSM OF THE WORKFORCE. YOU KNOW, WHEN I LOOK AROUND AT OUR SIX, SEVEN THOUSAND EMPLOYEES OR THE 24000 EMPLOYEES THROUGHOUT U.S. HEALTH, THERE'S MANY KNOWLEDGE WORKERS OR NECK UP WORKERS, I GUESS. AND BUT THERE'S ALSO A VARIETY OF OTHER TYPES OF WORKERS. YOU KNOW, WE HAVE ACCOUNTANTS, WE HAVE DOCTORS, LABORATORY SPECIALISTS, THERAPISTS, NURSES, MANY, MANY NURSES. WE HAVE ENGINEERS, MAINTENANCE STAFF, ENVIRONMENTAL SERVICE STAFF. IT'S A VERY ECLECTIC WORKFORCE. BUT THE KEY THEMES THAT I SEE CHANGING ONE IS. INTERFACE OF TECHNOLOGY AND HOW THAT HOW WE HAVE TO WORK WITH TECHNOLOGY TO PROVIDE BETTER DECISION MAKING AT THE POINT OF CARE, SORT OF BRINGING MORE SCIENCE TO THE ART OF MEDICINE. AND THEN I ALSO SEE THE NEED TO WORK MORE AND MORE IN TEAMS. MEDICINE HISTORICALLY WAS A SORT OF ISOLATED FIELD. YOU WOULD SEE THE PATIENT AND PROVIDE YOUR EXPERTISE. BUT MORE AND MORE TO ACHIEVE GREAT QUALITY AT AN AFFORDABLE PRICE POINT. WE KNOW THAT THAT OCCURS AT THE INTERSECTION OF OUR CLINICAL DISCIPLINES. MOST OF THE PATIENTS THAT WE TAKE CARE OF THAT HAVE COMPLEX PROBLEMS, HAVE HUNDREDS OF PEOPLE INVOLVED IN THEIR CARE WHILE THEY'RE IN THE HOSPITAL. AND I CAN SEE THE NEED FOR LEARNING HOW TO LEAD A TEAM AND FUNCTION WELL ON A TEAM IS SOMETHING ELSE THAT'LL CHANGE. SO THAT INTERFACE WITH TECHNOLOGY AND THE ABILITY TO BE AN EFFECTIVE TEAM MEMBER AND LEAD TEAMS ARE THE KEY THEMES THAT I SEE OVER THE NEXT 10 YEARS. THANK YOU. AND I'M GOING TO ASK YOU TO BUILD ON THOSE COMMENTS AND MAKE. WE'LL START WITH THE OTHER END OF THE SPECTRUM. SO WE'LL HAVE CHRIS UP FIRST. PLEASE TALK WITH US ABOUT WHERE YOU SEE THE GREATEST SHORTAGES AND WHERE YOU SEE SURPLUSES TO HELP US THINK ABOUT HOW UNIVERSITY OF COLORADO FITS INTO THAT LANDSCAPE. SO SPECIFICALLY, YOU KNOW, THE JOBS THAT I SEE GROWING OVER THE NEXT 10 YEARS, [03:00:02] NURSING, NURSING AND NURSING, IT'S A GREAT CAREER. AND IT'S IT'S A KNOWLEDGE WORKER THAT'S VERY PHYSICALLY DEMANDING, BY THE WAY. IT'S AN INTERESTING JOB AND IT'S A VERY DIVERSE GROUP OF PEOPLE THAT CAN DO A LOT OF DIFFERENT THINGS FOR US. BUT THERE'S A HUGE NEED FOR TALENTED NURSES TODAY. WE HAVE A SHORTAGE FOR NURSES AND THERE WILL BE IN THE FUTURE. I SEE HUGE OPPORTUNITY IN BEHAVIORAL HEALTH AND ADDICTION SERVICES. THIS IS TRUE THROUGHOUT THE UNITED STATES, BUT IT'S ESPECIALLY TRUE HERE IN COLORADO. I'VE WORKED IN OTHER STATES. I THINK THAT BEHAVIORAL HEALTH SYSTEMS THERE ARE A LITTLE MORE MATURE, ACTUALLY. SO I THINK IT'S A HUGE OPPORTUNITY IN NEED FOR US HERE IN THIS STATE. AND WE NEED TO GROW TO MEET THE NEEDS OF THE DEMOGRAPHIC THAT WE HAVE PRIMARY CARE PHYSICIANS AND WE HAVE A LOT OF CORE STRENGTH HERE AT THE UNIVERSITY OF COLORADO ARE GOING TO BE IN TREMENDOUS DEMAND. AND, YOU KNOW, THERE'S A THEME IN HEALTH CARE OF PROVIDING MORE AFFORDABLE CARE. YOU KNOW, I FEEL THE PRESSURE TO DO MORE WITH LESS. BUT AT THE SAME TIME, DEVELOP INNOVATIVE NEW SOLUTIONS TO DIFFICULT MEDICAL PROBLEMS. THAT IS NOT AN EASY BALANCE. BUT HEALTH CARE SYSTEMS THAT ARE PRIMARY CARE DRIVEN BECAUSE THE PRIMARY CARE PHYSICIAN REALLY CONNECTS WITH THE POPULATION ARE THE ONES THAT CAN ACHIEVE THAT HIGH VALUE QUALITY COST PRICE POINT. SO I SEE A NEED FOR TALENTED PRIMARY CARE PHYSICIANS RELATED TO COST IN REDUCING WASTE AND DUPLICATION AND SO FORTH AND WAIT TIMES. I SEE THE NEED FOR SYSTEM ENGINEERS SYSTEMS THINKING MORE AND MORE PEOPLE THAT HAVE STATISTICAL UNDERSTANDING CAN USE DATA ANALYTICS TO HELP US REDUCE COSTS AND IMPROVE SERVICE SIMULTANEOUSLY. AND THEN THE OTHER BIG THING THAT'S GOING TO HAPPEN IN THE NEXT 10 YEARS IS PERSONALIZED MEDICINE. SO THE FIELD OF GENETICS, AS THAT TECHNOLOGY GETS BETTER AND MORE COST EFFECTIVE, YOU KNOW, OUR ABILITY TO SEQUENCE GENES AND SORT OF PREDICT WHAT MAY HAPPEN TO A PERSON'S HEALTH. AS WE LOOK INTO THE FUTURE IS GOING TO BE A HUGE CHALLENGE AND OPPORTUNITY AT THE SAME TIME. WE'LL NEED GENETIC COUNSELORS, WE'LL NEED SCIENTISTS THAT ARE EXPERT IN THIS AREA AND THEN WE'LL NEED STRONG, TALENTED PHYSICIANS AS WELL THAT HAVE STRONG COLLABORATION SKILLS AND CRITICAL THINKING SKILLS. SO THOSE ARE SOME OF THE KEY AREAS THAT I SEE REALLY GROWING IN THE NEXT 10 YEARS. WELL, AS I MENTIONED, THE WESTERN SLOPE IS MOVING AWAY FROM THOSE NATURAL GAS JOBS, THOSE COAL JOBS, AND THOSE ARE SIX FIGURE JOBS PLUS BENEFITS, AND THOSE JOBS TYPICALLY COME WITH SPOUSES AND CHILDREN. AND WE WOULD LIKE TO KEEP THOSE INDIVIDUALS IN OUR COMMUNITIES. AND SO THERE IS A STRONG NEED FOR RETRAINING OF SKILLS, IDENTIFYING INDUSTRIES WHERE THOSE SKILLS CAN CAN BE TRANSITIONED OVER. THERE'S BEEN A LOT OF CONVERSATION ABOUT, WELL, WE'LL JUST PUT IN LIKE A CALL CENTER. AND THAT'S SO DISINGENUOUS BECAUSE FOR ANYBODY WHO THINKS A COAL MINER IS GOING TO ANSWER PHONE CALLS WITH ANY LEVEL OF DESIRE OR TACT IN THAT SITUATION, [LAUGHING] HAS NEVER MET A COAL MINER. ANY BUSINESS UTILIZING THAT SERVICE IS PROBABLY GOING TO HAVE QUITE A FEW COMPLAINTS. BUT, YOU KNOW, SO WE REALLY HAVE TO BE THOUGHTFUL IN HOW WE RETAIN THESE HIGHLY SKILLED, HIGH PAYING JOBS THROUGHOUT THE REGION, BECAUSE IT WOULD BE AN ABSOLUTE SHAME IF WE JUST ALLOWED THEM ALL TO LEAVE THE STATE AND ENRICH OTHER STATES WITH THEIR ABILITIES. SO RETRAINING, AS I'VE REACHED OUT TO SOME OF MY CHAMBERS OF COMMERCE THROUGHOUT THE REGION, SOME THINGS THAT THEY RELAYED BACK TO ME, THAT THEY'RE SEEING SOME SHORTAGES AND WOULD BE CONSTRUCTION IN SKILLED LABOR, IN THE TRADES, IN CARPENTRY AND PLUMBING, IN ELECTRICIANS AND CDL DRIVERS. I WAS RECENTLY AT A CDOT FOCUS GROUP ON HAZMAT VEHICLES GOING THROUGH THE EISENHOWER TUNNELS. AND ONE THING I HEARD REPEATEDLY DURING THAT CONVERSATION WAS A LACK OF COMMERCIAL DRIVERS WERE WILLING TO DRIVE HAZMAT BECAUSE NOBODY'S WILLING TO DO IT ANY LONGER. AND AT SOME POINT WE MAY GET TO THAT AUTOMATION LEVEL WHERE WE SEE AUTOMATED TRUCKING HAPPENING. I'M NOT SURE WE'RE GOING TO GET THERE IN 10 YEARS. [03:05:01] I THINK IT MIGHT BE A LITTLE FURTHER OUT THAN THAT. SO REALLY TRYING TO FIND THOSE SKILLED LABORERS, THOSE INDIVIDUALS WHO HAVE SOME KIND OF BACKGROUND IN EDUCATION AND HOSPITALITY AND HOSPITALITY MANAGEMENT AS THOSE SECTORS CONTINUE TO GROW IN OUR REGION, AS OUTDOOR RECREATION BECOMES MORE POPULAR THROUGHOUT THE WESTERN SLOPE. THAT WILL BE CRITICAL. CHRIS TALKED A LITTLE BIT ABOUT THE HEALTH CARE INDUSTRY, BUT IT'S STILL VERY CHALLENGING TO GET A PHYSICIANS APPOINTMENT WITH A PRIMARY CARE DOCTOR IN WESTERN COLORADO. IT TAKES A WHILE. YOU CAN'T CALL THE DOCTOR AND GET IN WITHIN A WEEK OR TWO. IT TAKES SOME TIME TO GET INTO A PHYSICIAN. AND AS WE SEE THE WESTERN SLOPE REGION AGING, WE ARE ABSOLUTELY GOING TO HAVE A CRITICAL NEED FOR IT. AND FOR THOSE MID-LEVEL NURSES, FOR NURSE PRACTITIONERS, FOR PHYSICIAN ASSISTANTS, FOR THOSE OTHER THOSE OTHER PRIMARY PROVIDERS THAT CAN HELP ALLEVIATE SOME OF THE BURDEN OFF OF DIRECT PRIMARY CARE PHYSICIANS WILL BE VERY IMPORTANT. AND AGAIN, AS WE'RE LOOKING FORWARD TO HOW WE CAN TRANSITION SOME OF OUR TRADITIONAL SECTORS INTO FUTURE SECTORS, WE'RE LOOKING MORE TOWARD ADVANCED MANUFACTURING, THE AEROSPACE INDUSTRY. THE REALITY IS THAT AS WE BUILD OUT A MORE ROBUST BROADBAND NETWORK THROUGHOUT WESTERN COLORADO, A LOT OF THESE JOBS CAN BECOME LOCATION NEUTRAL. AND THAT'S BEEN SOMETHING THAT THE FRONT RANGE HAS HAS BEEN ABLE TO UTILIZE FOR YEARS. BUT NOW THAT OUR NETWORK IS GETTING A LITTLE MORE ROBUST, WE'RE LOOKING MORE TOWARD THESE TECH, ADVANCED MANUFACTURING, OUTDOOR RECREATION, MANUFACTURING, WHICH ACTUALLY COULD BE A PHENOMENAL NICHE FOR WESTERN COLORADO. THEY CAN BETA TEST THEIR PRODUCTS RIGHT THERE. SO THOSE ARE SOME OF THE INDUSTRIES THAT WE'RE LOOKING TOWARD FOR THE FUTURE. SO I'LL TELL YOU, I'M GOING TO TAKE A SLIGHTLY DIFFERENT ANGLE AND SUGGEST THAT THE CU SYSTEM, I THINK, HAS TO THINK ABOUT WHO'S BEING SERVED, WHERE THE CHALLENGES ARE THROUGHOUT THE STATE AND THEN HOW THE SYSTEM DOES ITS WORK. SO FIRST, I'LL START WITH GEOGRAPHY AS A SYSTEM. I DO THINK YOU HAVE TO PAY CLOSE ATTENTION TO THE REALITY THAT RIGHT NOW PREDICTIONS ARE ONLY 33 OF 64 OF THE COUNTIES IN OUR STATE WILL EXPERIENCE POSITIVE EMPLOYMENT GROWTH BY 2030. AND THAT MEANS HALF OF THEM WON'T. AND THOSE ARE PROBABLY COUNTIES THAT YOU HAVE CLOSE TIES TO IN TERMS OF SERVICE. AND WE SHOULD BE PAYING CLOSE ATTENTION TO WHAT WE DO IN THOSE COUNTIES. THE REALITY IS WE CAN'T SUCCEED AS A STATE IF ONLY OUR METRO AREA IS THE PLACE THAT'S EXPERIENCING GROWTH. THE SECOND AREA, I WOULD SAY, IS RACE AND GENDER, THAT OUR ABILITY FOR OUR K-12 SYSTEM TO CORRECTLY PIPELINE FOLKS INTO THIS SYSTEM IS YOUR PROBLEM. YOU MAY NOT WANT IT TO BE, BUT IT TRULY IS. AND WHEN YOU LOOK AT OUR NUMBERS, THEY'RE SHOCKY. IN DENVER PUBLIC SCHOOLS RIGHT NOW. WHEN YOU COMPARE OUR WHITE AND LATINO STUDENTS, WE'RE ONE OF THE WORST ACHIEVEMENT GAPS IN THE COUNTRY. AS A MATTER OF FACT, WE'RE 13 POINTS GREATER THAN OTHER LARGE CITIES. THAT CAN'T BE ACCEPTABLE IF THAT'S OUR. AND THAT IS OUR FASTEST GROWING POPULATION TO SERVE OUR FUTURE. 56 PERCENT OF COLORADANS HAVE A CREDENTIAL, BUT ONLY TWENTY EIGHT POINT EIGHT PERCENT OF OUR LATINOS HAVE CREDENTIALS. WE KNOW THAT WE'RE NOT SERVING OUR LATINO COMMUNITY IN TERMS OF MAKING SURE THEY'RE PREPARED FOR THE OPPORTUNITIES THAT WE'RE CREATING. YOU CAN SEE IF THE EDUCATIONAL SYSTEM IS NOT SERVING OUR COMMUNITIES OF COLOR BECAUSE YOU SEE SIMILAR DISPARITIES WITH OUR AFRICAN-AMERICAN STUDENTS AS WELL. WHEN YOU START TO DIG A LITTLE DEEPER, IT'S KIND OF CLEAR WHY OR ONE OF THE REASONS WE THINK. OF THE STATES 178 SCHOOL DISTRICTS, 130 DON'T HAVE A SINGLE AFRICAN-AMERICAN EDUCATOR. I'M NOT TALKING ABOUT A SCHOOL. I'M TALKING ABOUT A SCHOOL DISTRICT. A THIRD DO NOT HAVE A SINGLE HISPANIC EDUCATOR, NOT A SCHOOL. BUT THESE ARE SCHOOL DISTRICTS. ALMOST HALF OF COLORADO'S STUDENTS ARE STUDENTS OF COLOR. BUT 87 PERCENT OF OUR TEACHERS ARE WHITE. WE KNOW THAT OUR KIDS DO BETTER IF THEY CAN BE CONNECTED AND AND OUR INSTITUTIONS DO A BETTER JOB OF SERVING THOSE AND MEETING THE DIVERSITY NEEDS OF OUR STUDENTS. IF THEY'RE REFLECTED IN THE LEADERS. SO WE WOULD ARGUE THAT ONE PLACE VERSUS THE CU SYSTEM TO ASSIST IS TO FIGURE OUT HOW WE MAKE OUR K TO 12 K-12 SYSTEM BETTER SERVE AND PIPELINE TO YOU. THEN I THINK WHEN WE REALLY LOOK AT HOW WILL OUR WORKFORCE BE EDUCATED IN THE FUTURE, YOU KNOW, IN THE OLDEN DAYS WHEN I WAS GOING TO SCHOOL AT 22, YOU WERE LIKE, THANK GOODNESS I'M DONE. ALTHOUGH I DID GO TO GRADUATE SCHOOL AND GOT MY MBA FROM CU DENVER. BUT GENERALLY. YOU THOUGHT AT 22 THANK GOODNESS I'M DONE. I NEVER SHALL HAVE TO SEE YOU ALL AGAIN. BUT THOSE DAYS ARE LONG GONE. AND THE TRUTH IS, THEY WERE NEVER PRESENT. [03:10:02] AND EMPLOYERS MORE AND MORE ARE ACCEPTING RESPONSIBILITY FOR EDUCATING OUR WORKFORCE BECAUSE WE CAN'T AFFORD NOT TO. AND TO WAIT FOR SOMEONE ELSE. WE THINK THESE ARE THE KINDS OF THINGS HIGHER ED HAS TO THINK ABOUT. LIFELONG LEARNING IS FULLY HERE. YOU DO NOT HAVE TO LEARN A SET OF SKILLS AND THEN BE DONE AND WORK THE REST OF YOUR CAREER. THE TRUTH IS, THROUGHOUT YOUR CAREER YOU MUST BE RETRAINED. SO THAT MEANS YOU HAVE TO START TO THINK ABOUT HOW DO YOU PROVIDE MORE SKILLS, MORE DIRECT, ONGOING TRAINING THAT CAN SUPPORT OVER PEOPLE'S LIFETIME. THE REALITY IS WE DON'T NEED FOUR YEAR DEGREE FOR THE MAJORITY OF JOBS WE HAVE IN THE STATE OF COLORADO. WE HAVE DONE IT AS A PROXY BECAUSE WE HAVE THE MOST EDUCATED WORKFORCE. SECOND MOST. WE HAVE THE SMARTEST WORKFORCE. MASSACHUSETTS JUST HAS MORE DEGREES. BUT WE HAVE RELIED ON THE PROXY THAT YOU'VE DELIVERED THAT SOMEHOW THAT 4 YEAR DEGREE TELLS US SOMETHING. I THINK WHAT THE SYSTEM COULD DO IS HELP US THINK ABOUT HOW DO YOU TEST FOR THOSE PROXIES IN A BETTER WAY THAT DOESN'T REQUIRE SO MANY FOUR YEAR DEGREES. BECAUSE THE TRUTH IS, IT IS A BARRIER TO A LOT OF OUR KIDS AND OUR WORKERS QUICKLY GETTING THE GOOD JOBS. AND IN THE FUTURE, WE CAN'T AFFORD TO HAVE BARRIERS IN OUR IN PLACE. I THINK YOU'RE GOING TO SEE EMPLOYERS TAKE MORE RESPONSIBILITY. AND SO MY ADVICE WOULD BE FIGURE OUT HOW TO WORK MORE CLOSELY AS EMPLOYERS SAY, WE'RE GOING TO TEACH ON THE JOB. HELP US FIGURE OUT HOW TO TEACH ON THE JOB AND MAKE IT MEANINGFUL AND ADVANCING PEOPLE'S EDUCATION AND CAREERS BY DOING THAT TOGETHER, WE THINK. WE ALSO THINK WE HAVE TO GET INNOVATIVE, THAT WE THINK DIFFERENTLY ABOUT WHO MAY GO TO HIGHER ED. HERE'S AN EXAMPLE IN A RECENT CONVERSATION I WAS IN THAT WILL BE COMPLETELY OFFENSIVE TO YOU, BUT I LOVE IT. THIS WAS A DISCUSSION ABOUT SO MANY OF OUR KIDS CAN'T AFFORD TO GO TO HIGHER ED. AND YET WE REQUIRE 74 PERCENT OF OUR JOBS THIS YEAR, REQUIRE A POST-SECONDARY EDUCATION, NOT 4 YEAR DEGREE, BUT POST-SECONDARY. THESE COULD BE CERTIFICATES, ASSOCIATE DEGREES AND FOUR YEAR DEGREES. AND YET LOTS OF OUR KIDS CAN'T AFFORD TO GET THERE. OUR HIGHEST PERFORMING INSTITUTIONS WILL BE THE ONES WHO SAY, HEY, LISTEN, WE'RE SO CONFIDENT WE'RE GONNA PLACE YOU IN A JOB. WE'LL INCOME SHARE AND YOU DON'T HAVE TO PAY TUITION ON THE FRONT END. WE'LL SHARE ON THE JOB THAT YOU'LL GET ON THE BACK END SO THAT WE CAN FUND OUR INSTITUTIONS. THAT WAS AN INTERESTING IDEA FOR OUR HIGHER ED INSTITUTIONS TO THINK ABOUT WHO TRULY KNOW THEY'RE PATHING OUR KIDS INTO TRUE CAREER OPPORTUNITIES. AND TO FOLLOW THAT UP, YOU KNOW, I'M ACTUALLY GOING TO BEGIN BY. IT'S INTERESTING, CHRIS, BECAUSE OUR TAGLINE AT THE LATINO LEADERSHIP INSTITUTE IS ACTUALLY DEMOGRAPHY ALONE WILL NOT DETERMINE DESTINY AND THAT WE DETERMINE VERY EARLY. AND I AM CASE IN POINT, BECAUSE WHEN I JOINED THE COCA-COLA ADVISORY BOARD, I DID SO BEING ONE OF THE LESS THAN 1 PERCENT OF LATINOS THAT DO SERVE ON CORPORATE BOARDS. WHEN WE LOOK AT COLORADO AS A WHOLE, IT'S NOT JUST AN ETHNIC RACIAL ISSUE WITH PARITY IN LEADERSHIP ROLES AND REALLY PREPARING FOR THE LEADERS OF TOMORROW BECAUSE OF THE 20 STATES IN THE NATION THAT HAVE AT LEAST 10 FORTUNE 100 COMPANIES COLORADO RANKS SECOND TO LAST FOR WOMEN SERVING ON CORPORATE BOARDS. SO WHEN WE LOOK AT DEMOGRAPHY AND WE LOOK AT WHAT THE UNIVERSITY SYSTEM MUST DO TODAY TO ADDRESS THE OPPORTUNITIES AND THE CHALLENGES THAT WILL BE BEFORE US 10 YEARS FROM NOW, A LOT OF WHAT KELLY WAS SAYING WOULD BE THE SAME THING THAT I WOULD OFFER UP IN THAT IF THE STUDENTS OF TOMORROW ARE GOING TO BE FAR MORE DIVERSE, HOW ARE WE GOING TO MEET THEM WHERE THEY ARE? THE ISSUE FOR UNIVERSITY SYSTEMS AND WE SEE IT AT THE UNIVERSITY OF DENVER AND ALL OVER AS WE KNOW THAT THREE YEAR CLIFF IS AHEAD OF US. WE KNOW THAT ENROLLMENT IS GOING TO TAKE A DOVE. THERE ARE A LOT OF FACTORS THAT COME INTO THAT. ONE HAS TO DO WITH DEMOGRAPHIC SHIFTS AND AFFORDABILITY. BUT WE HAVE TO BE CREATIVE. WE WORK WITH LARGE AND SMALL COMPANIES ACROSS THE UNITED STATES THAT ARE IN THIS, YOU KNOW, EMPLOYMENT PINCH. THEY JUST WANT TO HIRE PEOPLE. AND THEN WHEN THEY HIRE THEM, THEY WANT TO RETAIN THEM. THE ISSUE THAT WE SEE BEFORE THEM IS THE COLLEGE DEGREE CHALLENGE BEFORE THEM IS THEY'RE WILLING TO TAKE WITH BARE SKILLS AND THEY ARE WILLING TO TRAIN INTERNALLY AN EMPLOYEE, NOT ONLY BECAUSE THEY'RE DESPERATE TO FILL THOSE JOBS, BUT BECAUSE ALSO IT HELPS WITH RETENTION RATES. THE EMPLOYEES FEEL AS THOUGH THEIR COMPANIES ARE IN REINVESTING IN THEM BY DOING DIRECT TRAINING. I THINK ABOUT IT FROM A CULTURE STANDPOINT AS WELL. UNIVERSITIES WALKING ON CAMPUS. I REMEMBER WHEN I WALKED ON THE CAMPUS OF LOYAL [INAUDIBLE] AND IT WAS MY FIRST TIME OF REALLY SEEING DIVERSITY AND CULTURE IN ITS PLACE. WALKING ON THE CU BOULDER CAMPUS WAS A LITTLE BIT DIFFERENT EXPERIENCE AND NOW SERVING AT THE UNIVERSITY OF DENVER. AGAIN, WE'RE SEEING IT. OUR STUDENTS DON'T FEEL AS THOUGH THEY BELONG IN THESE PLACES YET. THAT SENSE OF OF THIS IS MY OPPORTUNITY SUCCEED IS STILL FAR OFF. [03:15:05] WE HAVE A LOT OF WORK TO DO TO KEEP THEM THERE. WE HAVE A LOT OF WORK TO DO TO TELL THEM THAT THERE ARE OTHER PATHWAYS TO SUCCESS AS WELL. CAN WE LOOK AT THEIR CERTIFICATE PROGRAMS, SOMETHING THAT IS MORE AFFORDABLE AND MORE ATTAINABLE FOR THEM. THAT THREE YEAR CLIP IS RIGHT AROUND THE CORNER OF THE COLLEGE ENROLLMENTS ON THE DECLINE. AND I THINK COLLECTIVELY, THE UNIVERSITY SYSTEMS HAVE A REAL OPPORTUNITY TO BE CREATIVE. PARTICULARLY SPEAKING FROM THE LATINO LENS. GOING BACK TO THAT POST-MILLENNIAL STORY OF WHAT'S HAPPENING THREE YEARS FROM NOW. IT'S INTERESTING BECAUSE WE KNEW THAT THEY GREW UP ON THEIR CELL PHONES AND WE RECENTLY DID A SURVEY AND IDENTITY. IDENTITY IS A BIG THING BECAUSE THEY HAVE A NEW TITLE CALLED LATIN X THAT WE DON'T NECESSARILY ASSOCIATE WITH. IN FACT, 98 PERCENT OF LATINOS, GENERALLY SPEAKING, DON'T ASSOCIATE WITH THAT TERM. BUT FOR THE POST MILLENNIALS, LATIN X IS HOW THEY IDENTIFY. INTERESTINGLY, IN THIS RESEARCH, WE ALSO LEARNED THAT THEY CHOOSE TO LEARN THROUGH PODCASTS. THEY WILL YOUTUBE THEIR WAY THROUGH JUST ABOUT ANYTHING. AND THE IDEA OF SITTING IN A CLASSROOM, WELL, THAT JUST PAINS THEM TO EVEN THINK ABOUT. THEY RELY ON THEIR SOCIAL NETWORKS AND [INAUDIBLE] CAPITALS TO LEARN THEY'RE GOING TO WANT TO SEE TEACHERS OF COLOR. RIGHT AFTER WE DID THE GDP RESEARCH, WE DID LATINOS IN EDUCATION RESEARCH AND WE FOUND THE UNINTENDED CONSEQUENCES OF BILLS LIKE 191 THAT TRIED TO LEVEL THE PLAYING FIELD, BUT ENDED UP LOSING A LOT OF OUR TEACHERS OF COLOR IN THE IN ITS PATH. SO I THINK OUR OPPORTUNITY HERE NOW IS TO GET INNOVATIVE AND BE CREATIVE AND MAKE SURE THAT WE'RE ADDRESSING ISSUES OF BELONGING ON THE CAMPUS FOR THOSE STUDENTS THAT ARE THERE, THAT WE'RE LOOKING AT WAYS TO DELIVER EDUCATION THAT'S GOING TO MEET THE STUDENTS OF TOMORROW WHERE THEY'RE AT. AND THAT IS ONE OF BOTH TECHNOLOGY AND I THINK THINGS THAT SPEAK TO THEM AND THEIR IDENTITIES. AND SO HOW CAN WE BE ADAPTED TO EVEN HOW THEY IDENTIFY AS PEOPLE. AND IT IS EVEN PEOPLE LIKE ME HAVING TO ADOPT MAYBE NEW TERMINOLOGY THAT I DIDN'T SEE COMING. SO I THANK YOU FOR GIVING US TIME TODAY. SO PLEASE, A ROUND OF APPLAUSE FOR OUR PANELISTS. AND NOW IS YOUR OPPORTUNITY TO ASK THE PANELISTS ANY QUESTIONS THAT YOU MAY HAVE TO HELP YOU THINK ABOUT WHERE WE'RE GOING OVER THE NEXT 10 YEARS. SO I REALLY APPRECIATE YOU ALL FOR YOUR COMMENTS AND MY MY WONDERFUL WIFE. I DON'T KNOW IF SHE'S WATCHING TODAY HOME AS AN ALUMNUS [INAUDIBLE] OF LLI. YOU KNOW, ONE OF THE THINGS THAT I'VE BEEN PUSHING FOR SINCE I GOT ON THIS BOARD AND [INAUDIBLE] ON IT. [INAUDIBLE] IS TO GET CU DENVER DESIGNATED AS A HISPANIC SERVING INSTITUTION. BUT AS WE WERE HAVING THE CONVERSATION AND CHRISTIAN, YOU KNOW YOUR THOUGHTS FROM THE WESTERN SLOPE, ONE OF THE QUESTIONS THAT I HAVE IS YOU GIVE SOME REALLY GOOD DEMOGRAPHIC INFORMATION ON LATINOS OR LATIN X, WHERE WHAT'S THE BREAKDOWN OF RURAL VERSUS URBAN FOR OUR LATIN X OR LATINO POPULATION IN THE STATE OF COLORADO? AND THEN ALSO YOU MENTIONED IT WOULD BE THE THIRD FASTEST GROWING ECONOMY IN THE WORLD. SO THAT MEANS THAT UNLIKE OTHER DEMOGRAPHICS, ITS AGE DISTRIBUTION IS SKEWED YOUNGER. COULD YOU GIVE SOME MORE INSIGHTS ON THAT? YEAH. SO TIMES MAGAZINE HEADLINE SAID THAT THE LATINO ECONOMY IS NOT THE NICHE ECONOMY, IT IS THE ECONOMY. TO LOOK AT OUR IN OUR AVERAGE AGE IS 27. OUR LARGEST POPULATION IN THE STATE OF COLORADO FOR LATINOS IS UNDER THE AGE OF FIVE, ACTUALLY. SO WHEN WE PROJECT OUT AND IF YOU THINK ABOUT IT AS A PYRAMID, THE LATINO POPULATION LOOKS LIKE THIS. SO WE'RE VERY YOUNG. IT'S OPPOSITE. IT'S INVERSE FOR THE NON-HISPANIC WHITE POPULATION. THAT'S THAT AGING POPULATION. SO THAT GIVES YOU AN IDEA OF NOT ONLY WORKFORCE, BUT IT ALSO TELLS YOU JUST HOW YOUNG WE ARE AT THE AVERAGE AGE OF TWENTY, TWENTY SEVEN HERE IN THE STATE OF COLORADO. WE ARE STILL PREDOMINANTLY IN THE URBAN CORRIDORS. I MEAN, JUST AS GEOGRAPHICS PLAYS OUT, OBVIOUSLY WE HAVE A REALLY LONG AND RICH HISTORY IN THE SAN LUIS VALLEY AND SOUTHERN COLORADO. I'M A NINTH GENERATION COLORADO FAMILY WAS DOWN IN SOUTHERN COLORADO AND NORTHERN NEW MEXICO LONG BEFORE WE WERE A STATE. SO THERE'S STILL STEEP TRADITIONS DOWN THERE. BUT AS YOU MENTIONED, WHEN THE AGRICULTURAL BUSINESS WENT DOWN AND, YOU KNOW, WE DEALT WITH SOME OF THE LAND GRANT ISSUES THAT HAPPENED DOWN IN THE SOUTHERN AND SOUTHERN COLORADO. A LOT OF THOSE FAMILIES THAT WERE THERE, THOSE THOSE FOUNDATIONAL FAMILIES MOVED INTO THE METRO DENVER AREA. WE ARE SEEING SOME GROWTH AND DEFINITELY SOME MOVEMENT BACK INTO THE NORTHERN [03:20:03] COLORADO, THE GREELEY, FORT COLLINS AREA. WE HAD LEFT THOSE AREAS. JOBS ARE NOW TAKING US BACK INTO THOSE AREAS. SO WE'RE SEEING SOME MOVEMENT THERE. MOUNTAIN TOWNS ARE ALSO REALLY IMPORTANT, THOSE SEASONAL WORK. SO A LOT OF THESE ARE NECESSARILY THERE. THEY COULD BE MIGRANT WORKERS, NOT NECESSARILY RESIDENTS THERE, BUT THE POPULATIONS ARE QUITE LARGE AS AND IT'S IMPACTING THEIR PUBLIC SCHOOL SYSTEM BECAUSE THEY GO THERE, THEY BRING THEIR KIDS AND THEIR KIDS ARE GOING INTO THE PUBLIC SCHOOL SYSTEM. SO I THINK SUMMIT COUNTY AND EAGLE COUNTY AND SOME OF THESE COUNTIES ACTUALLY SAW THE LARGEST PERCENTAGE OF GROWTH. DENVER HAS ACTUALLY BEEN ON A DECLINE FOR LATINO POPULATION AFFORDABILITY AND AND SOME OTHER ISSUES THAT WE'RE SEEING COUNTIES LIKE ADAMS COUNTY ACTUALLY INCREASE IN THEIR POPULATION. IF YOU TALK TO THE CHRIS [INAUDIBLE] OF THE WORLD WHO ARE, YOU KNOW, WORKING TO BUILD UP ADAM'S 12, THEY SAW A HUGE INCREASE IN THEIR LATINO POPULATION OVER THE LAST FIVE YEARS. A LOT OF OUR FAMILIES HAVE BEEN PUSHED OUT BECAUSE OF GENTRIFICATION AND AFFORDABILITY ISSUES. SO YOU'LL CONSIDER IT. YOU'LL CONTINUE TO SEE THEM GO INTO THIS URBAN COMMUNITIES OUTSIDE OF DENVER BECAUSE AFFORDABILITY AND CONTINUE TO LOOK AT SOME OF THOSE SEASONAL JOBS IN THE MOUNTAIN COMMUNITIES. TO PIGGYBACK ON THAT. WE DO HAVE A GROWING LATINO POPULATION THROUGHOUT THE REGION OF WESTERN COLORADO. BUT TO YOUR POINT, MANY OF THEM ARE NOT WELL EDUCATED. THEY ARE WORKING THOSE LOW INCOME EARNING POSITIONS THAT YOU SEE IN HOSPITALITY AND SOME HOSPITALITY JOBS CAN BE LUCRATIVE. BUT MOST OF THE ONES THAT WE'RE SEEING THE LATINO POPULATION WORKING IN ARE NOT THERE IN HOUSEKEEPING, THEY'RE IN FRONT DESK RECEPTION. THOSE SORTS OF THINGS IN THE RESORT COMMUNITY. WE SEE A LOT OF MIGRANT WORKERS THROUGHOUT THE REGION. A LOT OF MIGRANT WORKERS FROM THE MORE SOUTHERN PARTS OF SOUTH AMERICA AND THOSE SORTS, THOSE SKILLED FOLKS WHO COME IN TO HELP HERD SHEEP OR SPECIFIC AGRICULTURAL PRODUCTS. SO THEY ARE VERY AGRICULTURALLY RELATED. AND AS WE ARE SEEING THAT LOSS OF AGRICULTURE IN OUR REGION, IT'S DISPLACING A LOT OF THOSE INDIVIDUALS WHO HAVE COME TO THE AREA FOR AGRICULTURAL REASONS. SO I'M REALLY TRYING TO BUILD OUT THE EDUCATIONAL OPPORTUNITIES FOR THAT POPULATION IN WESTERN COLORADO, I THINK WOULD BE SOMETHING TO POTENTIALLY FOCUS ON IN THE FUTURE. THIS QUESTION IS FOR JOEL. AND I'M FAMILIAR WITH A LOT OF THE WORK THAT YOU'RE DOING AND THE WORK WE'RE DOING IN THE LATINO COMMUNITY, AND I REALLY APPRECIATE THAT EFFORT AND BEING A PROFESSIONAL MYSELF, WORKING IN THE EDUCATIONAL FIELD ALL MY LIFE AND I'VE WORKED IN DENVER IN JEFFCO, ONE OF THE CONCERNS THAT I'VE HAD AND MAYBE YOU COULD HELP WITH THIS IS THAT EVEN THOUGH TODAY WE ARE SEEING A MUCH MORE EDUCATED LATINO COMMUNITY THAN EVER. AND IF YOU GO TO GRADUATION HERE AT CU DENVER, IT IS JUST IMPRESSIVE AND SO ENCOURAGING. AND WE'RE GETTING REPORTS THAT WE'RE GETTING THE LARGEST NUMBER OF LATINO GRADUATES. BUT ALSO, WE HAVE MORE AND MORE LATINOS THAT ARE MIDDLE CLASS, UPPER MIDDLE CLASS, VERY AFFLUENT. AND STILL THEIR CHILDREN ARE HAVING A DIFFICULT TIME IN OUR SCHOOL SYSTEM. STILL, THEIR CHILDREN ARE HAVING A DIFFICULT TIME GETTING JOBS AND GETTING PROMOTED. SO WE'RE GETTING PEOPLE TO BE MORE EDUCATED, BUT THAT THAT GLASS CEILING IS THERE IN TERMS OF GETTING PROMOTED AND GETTING THE JOBS THAT WOULD BENEFIT AND WOULD BENEFIT THEM BEING THERE TO HELP THE REST OF OUR PEOPLE. WHAT ARE SOME OF YOUR CONVERSATIONS THAT ARE HAPPENING REGARDING AND I DON'T KNOW IF IT'S, YOU KNOW, THE UNIVERSITY PROVIDING OPPORTUNITIES FOR STUDENTS TO REALLY LEARN, TO NETWORK, TO LEARN HOW TO WORK WITHIN THE SYSTEM OR HELPING THIS SOCIETY IN GENERAL UNDERSTAND THAT NOT ONLY THE NECESSITY, BUT THE BENEFIT OF HAVING LATINOS IN THESE UPPER JOBS. AND WE EVEN SEE THAT THE UNIVERSITY WAS NOT VERY MANY MINORITIES AT THAT LEVEL. SO I USE THE WORD BELONGING A LOT WHEN I GO OUT AND I TALK WITH PEOPLE. IT'S ONE AN ORGANIZATION THAT CREATES A SENSE OF BELONGING THAT PEOPLE BELONG IN THOSE ROLES. AND IT'S ALSO OUR OWN BELIEF THAT WE BELONG THERE. WE DON'T HAVE A LOT OF ROLE MODELS. THERE WEREN'T A LOT OF FOLKS THAT LOOKED LIKE US IN THOSE POSITIONS. SO SOMETIMES EVEN VISUALIZE OURSELVES IN THEM IS VERY DIFFICULT EVEN WHEN WE GET TAPPED. IT'S SOMETIMES HARD TO BELIEVE THAT WE DID IT. WE SUFFER FROM IMPOSTER SYNDROME A LOT, THINKING THAT, YOU KNOW, IT WAS ALL DUE TO LUCK OR WE'RE JUST ONE OF THE FEW WHO GET THROUGH. [03:25:01] I WANT TO SHARE A LITTLE STORY BECAUSE IT'S ACTUALLY A CU SUCCESS STORY, BUT I THINK SPEAKS VOLUMES TO THE CONTINUED JOURNEY AND THAT CONTINUED JOURNEY OF WANTING TO LEARN AND WANTING TO IMPROVE. WE HAD A FELLOW GO THROUGH OUR PROGRAM WHO RECEIVED HER PH. D AND AEROSPACE ENGINEERING FROM CU BOULDER. SHE WAS ORIGINALLY FROM PUERTO RICO AND SHE MOVED HERE TO GET HER DEGREE AS A YOUNG CHILD. SHE SHE WOULD SIT ON HER ROOF AND SHE WOULD LOOK UP AT THE STARS. AND IT MADE HER SEEM SO CONNECTED TO A MUCH LARGER UNIVERSE. AND SHE TOLD HERSELF ONE DAY, I'M GOING TO BE A FAIR. AND SO SHE WORKED REALLY HARD. SHE LEFT HER HER HER BELOVED PUERTO RICO, AND SHE CAME TO CU BOULDER SYSTEM. SHE GOT HER PH. D AND AEROSPACE ENGINEERING, HAD A GREAT CAREER, IS AT LOCKHEED MARTIN AND WAS ACTUALLY ONE OF THE FINALISTS TO ACTUALLY GO ON THE NEXT MISSION TO MARS THROUGH NASA. SHE CAME TO THE LLI THOUGH THIS EXTREME, YOU KNOW, PROFESSIONAL HAD ACHIEVED SOME SUCCESS AND HER CAREER HAD A PH. D. AND SHE CAME TO US BECAUSE IT'S THAT SENSE OF CONFIDENCE AND IT'S THAT SENSE OF BELONGING. IT'S WORKING THROUGH SOME OF THAT THE SOCIAL INTELLIGENCE PIECE. WE WEREN'T WE DON'T NAVIGATE NETWORKS AS WELL BECAUSE WE JUST DIDN'T HAVE THEM ORIGINALLY. IT'S BEEN GETTING TO UNDERSTAND OUR OWN SELF-WORTH, OUR OWN VALUE. SO BEYOND WHAT YOU CAN TEACH IN A CLASSROOM. THERE HAS TO BE SOME GENERAL SKILLS AND SOME COMPETENCIES. PARTICULARLY WE USE NEUROSCIENCE, EMOTIONAL, SOCIAL AND CULTURAL AND SCIENCE TO HELP THEM UNDERSTAND THEIR PLACE OF BELONGING IN THOSE PLACES OF LEADERSHIP. BECAUSE IT'S A PRETTY HARD CLIMB. AND, YOU KNOW, I CAN DEFINITELY SPEAK WHEN YOU GET THERE. IT'S REALLY LONELY AND YOU DON'T REALLY KNOW WHAT TO DO. YOU'RE ALMOST IN A STATE OF BEING KIND OF AWKWARD AS THE NEW THE NEW PERSON IN TOWN IN THOSE ROLES. SO WE SPEND A LOT OF TIME WORKING WITH THEM ON THERE. THERE'S MORE BARRIERS THAN JUST EDUCATION. SOME OF THIS IS SOCIAL AND CULTURAL AS WELL. SO WHAT I'M HEARING AND I AND I WOULD AGREE IS THAT AT THE UNIVERSITY CAMPUSES WE NEED SUPPORT SYSTEMS ON OUR CAMPUSES THAT HELP WITH THAT. AND I KNOW I FOUND IT WITH THE K-12 COMMUNITIES AS WELL. AND WHERE WE HAVE THESE HIGH, AFFLUENT, OUTSTANDING EDUCATORS THAT ARE HESITATING TO GO INTO ADMINISTRATION, THEY JUST DON'T HAVE THAT CONFIDENCE OR THEY DON'T FEEL LIKE THEY FIT OR BELONGING IN THERE. SO THANK YOU. ONE AREA THAT I RARELY HEAR ABOUT AND I THINK IS OFTEN FORGOTTEN IS THE EASTERN PLAINS OF COLORADO, FROM NORTH TO SOUTH FROM BURLINGTON, STERLING, FORT MORGAN, LAMAR, ROCKY FORT IN THOSE AREAS. AND SO I AM ALWAYS CONCERNED ABOUT OUR EASTERN PLAINS IN THE FUTURE. AND SO I'D LIKE TO HEAR FROM ANY ONE OF YOU OR ALL OF YOU ABOUT HOW DO YOU SEE THE FUTURE OF OUR BEAUTIFUL EASTERN PLAINS OF COLORADO. WHAT IS THE FUTURE THERE IN THE NEXT 10 YEARS, BOTH WITH HEALTH CARE SERVICES? THE CHALLENGES THAT THEY'RE FACED WITH, THEIR EDUCATIONAL OPPORTUNITIES, JOBS, AGRICULTURE GOING AWAY, TOWNS THAT ARE SHUTTING DOWN. IT'S A WHOLE DIFFERENT TYPE OF ECONOMY. ARE THERE OPPORTUNITIES THERE FOR CHANGE? SO I'D LIKE TO HEAR A LITTLE BIT ABOUT THAT. AND MAYBE I'LL ASK IF RICH CAN START US OFF ON THAT ONE TO TALK ABOUT THE EASTERN PLAINS. AND WHAT YOU SEE IS THE OUTLOOK IN TERMS OF IN GENERAL. WE'RE ACTUALLY DOING SOME WORK IN BURLINGTON RIGHT NOW. BUT THE ANSWER TO THAT QUESTION IS IT'S DIFFICULT. IT'S WHY KELLY WAS REFERRING TO THOSE OF THE COUNTIES THAT ARE IN THE 30 PLUS COUNTIES IN THE STATE THAT ARE LOSING POPULATION OVER TIME. AGRICULTURE IS CONSOLIDATING. SO WHAT CAN YOU DO TO SORT OF BUILD AN ECONOMIC BASE? BURLINGTON IN PARTICULAR, YOU COULD DO MAYBE MORE TOURISM AS AN EXAMPLE, BUT THE PIECES HOLDING ONTO A CORE OF PEOPLE. YUMA COUNTY UNDER ONE 1.2 PERCENT UNEMPLOYMENT OR SOMETHING. THEY DON'T HAVE ENOUGH PEOPLE TO TAKE JOBS IF THEY HAD JOBS. SO IT'S GOING TO, I BELIEVE, TAKE A MUCH MORE COORDINATED STATEWIDE ECONOMIC DEVELOPMENT EFFORT AS OPPOSED TO JUST WHAT I'M NOT SAYING THIS DISMISSIVELY, BUT JUST WHAT CU CAN DO. IT'S A MUCH BIGGER ISSUE THAN THE UNIVERSITY. IT'S A STATEWIDE ECONOMIC DEVELOPMENT ISSUE. KELLY HAS ANYTHING. WELL, I THINK [INAUDIBLE] WANTED TO ADD A COMMENT ON THAT. BUT KELLY MADE A COMMENT ABOUT UNIVERSITIES IN TERMS OF INNOVATION, TRADE, TUITION OR FUTURE REVENUES. [03:30:01] I'VE GOT A FLIP FOR YOU ON THAT, WHICH IS CAN THE INDUSTRY GIVE LOANS TO STUDENTS? AND IF THEY COME WORK FOR THEM, THEY COULD WRITE OFF THE LOANS. SO MAYBE CHRIS CAN ANSWER THAT QUESTION. I THINK THAT'S A PRACTICE THAT'S BEEN VERY EFFECTIVE IN HEALTH CARE. I'VE SEEN IT WITH TRAINING OF NURSE PRACTITIONERS IN SPECIALIZED AREAS, PRIMARY CARE PHYSICIANS, AS I MENTIONED EARLIER. THAT WAS A BIG NEED AND THERE'S BEEN A LOT OF THOSE TYPE OF ARRANGEMENTS. SO I THINK THAT IS A PARTICULARLY FROM PEOPLE WHO GREW UP IN THAT AREA TO SORT OF GET THEM TO STAY WHERE THEY GREW UP AND PROVIDE THEIR EXPERTISE AND TALENT. THAT'S AN ATTRACTIVE OPTION. BUT CAN IT BE EXPANDED WHEN WE TALK ABOUT MINORITY STUDENTS AND BRINGING HISPANICS IN. THAT WOULD ENCOURAGE THEM SO MUCH MORE IF AN INDUSTRY COMES FORWARD AND SAY, I'LL TAKE CARE OF YOUR EDUCATION. BUT YOU NEED TO COME BACK AND WORK FOR US. AND IF YOU DO, WE'LL WRITE IT OFF IN TWO OR THREE YEARS. THAT'S A POWERFUL WAY TO. [INAUDIBLE] IS NOT THE WE ARE NOT THE BEST STATE FOR [INAUDIBLE]. IN FACT, WE'RE AT THE BOTTOM, THIS WOULD BE A POWERFUL WAY IF AN INDUSTRY CAN RALLY AROUND THIS. I THINK WHAT I'M CONCERNED ABOUT IS AGRICULTURE IS GOING AWAY AND THE JOBS JUST AREN'T THERE. AND SO HOW DO WE BUILD AN ECONOMIC BASE IN THAT PART OF COLORADO THAT I REALLY DO FEEL HAS IS NEGLECTED AND FORGOTTEN. I JUST DON'T REALLY EVER HEAR ABOUT THAT IN CONVERSATIONS. WELL, AND IF I COULD. I HAVE SAID IT. I HAVE HEARD IT. AGRICULTURE IS GOING AWAY. WHY ARE WE ACCEPTING THAT? IT SOUNDS LIKE WHILE THIS IS JUST INEVITABLE AND I GUESS WE'RE GOING TO GET OUR NUTRITION THROUGH PILLS IN THE FUTURE, YOU KNOW, HOW CAN WE FEED THIS GROWING POPULATION OF HUMAN BEINGS REGARDLESS OF RACE AND ETHNIC BACKGROUND. IF WE DON'T HAVE FOOD, THAT'S SO WHY ARE WE SO EASY TO ACCEPT THAT AG IS GOING AWAY RATHER THAN SUPPORTING ALL OF THE INITIATIVES THAT HELP BUILD AG UP AND MAKE AG A DESIRABLE CAREER OPPORTUNITY FOR THE NEXT GENERATION. I THINK PEOPLE BELIEVE THAT FOOD COMES FROM THE GROCERY STORE AND FROM AMAZON. WE ARE GOING TO BE ABLE TO ONLY TAKE ANOTHER QUESTION OR TWO. BECAUSE WE HAVE SOME OTHER WORK TO DO IN OUR BREAKOUT SESSIONS. I GUESS FOR MYSELF AND IT'S NOT A QUESTION, IT'S SOMETHING THAT I WOULD ASK FOR, WE HAVE A COUPLE OF BOARD MEMBERS THAT ARE ONE GONE AND ONE SICK TODAY. AND THE SUMMARY OF OUR PANELISTS DISCUSSIONS ALONG WITH THE STATISTICS AND STUFF WOULD BE GOOD TO HAVE. I DON'T KNOW IF WE CAN PRODUCE THAT OR NOT. NOT ONLY FOR THE PEOPLE AROUND THIS TABLE, BUT FOR THE TWO THAT ARE NOT HERE. AND WITH THAT. ANOTHER QUESTION OR TO BE ASKED, AND THEN WE HAVE TO GET INTO OUR BREAKOUT SESSIONS. SURE. KELLY, YOU BROUGHT UP THE CU SHOULD BE BETTERING THE PIPELINE. AND I WAS EIGHT YEARS ON THE BOULDER VALLEY SCHOOL DISTRICT BOARD OF EDUCATION. AND, YOU KNOW, EVEN BACK AT THAT POINT, WE WERE DESPERATELY TRYING TO RECRUIT TEACHERS OF COLOR BECAUSE WE KNEW VERY MUCH THAT WE NEED NOT ONLY TEACHERS, BUT ADMINISTRATORS, SO THAT THE STUDENTS SEE A REFLECTION OF THEMSELVES. YOU KNOW, OBVIOUSLY, SEE, YOU CAN HELP WITH THAT. BUT I'VE ALSO WORKED WITH STUDENTS THROUGH MY OUTREACH JOB AT C.U. AS WELL AS THE COMMUNITY COLLEGE RESEARCH PROGRAM THAT I STARTED. AND THOSE STUDENTS AND THEIR PARENTS THINK, DOCTOR, LAWYER, YOU KNOW, VERY HIGHLY EDUCATED JOBS THAT ARE GOING MAKE A LOT OF MONEY. TEACHING DOES NOT MAKE A LOT OF MONEY, ESPECIALLY IN THIS STATE. AND THEY SEE WHY SHOULD I TAKE ON THESE LOANS THAT I CAN'T PAY BACK? AND I KNOW THERE ARE SOME INNOVATIVE PROGRAMS TO GET STUDENTS TO GO AND THEN GET SOME REIMBURSEMENT FROM THOSE LOANS. BUT IT'S BIGGER ISSUE THAN JUST THE UNIVERSITY BETTERING THE PIPELINE. AND EACH ONE OF OUR SCHOOLS ARE WORKING VERY HARD TO INCREASE THE NUMBER OF RURAL TEACHERS IN THE CLASSROOMS AS WELL AS TEACHERS OF COLOR. SO I JUST IT'S A BIGGER, BIGGER ISSUE THAN JUST THE UNIVERSITY AND THE TRAINING THEY CAN PROVIDE. SO WE PROBABLY HAVE TIME FOR ONE MORE QUESTION AND THEN WE'LL GO INTO OUR BREAKOUTS. THIS ONE'S FOR RICH. THIS IS THE MILLION DOLLAR QUESTION HERE. WHY, IF INTEREST RATES ARE SO LOW, IS CAPITAL EXPENDITURE SO LOW? CAPITAL BECAUSE BECAUSE BUSINESS PEOPLE ARE SCARED RIGHT NOW, THEY DON'T KNOW [03:35:03] WHAT THE FUTURE HOLDS. AND YOU KEEP THROWING MORE AND MORE UNCERTAINTY ON TO THE EVENTS. YOU THROW A VIRUS ON TOP OF PEOPLE NOT KNOWING WHAT THE FUTURE HOLDS. SO YOU'VE BEEN LOW. TAX RATES ARE NOT ENCOURAGING MORE INVESTMENT. IT'S GOTTEN TO A BASICALLY A POINT OF A GLUT OF CAPITAL OUT THERE. IT'S ALSO INVESTMENTS CLOSE MOST CLOSELY TIED TO CORPORATE PROFITS AND CORPORATE PROFITS HAVE BEEN WEAK AS WELL. SO NOW WE'RE GOING TO GO OUT INTO OUR BREAKOUT GROUPS, AND THE QUESTION WE'D LIKE YOU TO ADDRESS IN YOUR BREAKOUTS IS WHAT CAN CU DO TO GET AHEAD OF SOME OF THESE TRENDS THAT WE'VE BEEN TALKING ABOUT. SO WE'LL HAVE YOU WORKING IN YOUR BREAKOUT GROUPS TILL 10 O'CLOCK. IS THAT RIGHT? AND THEN WE'LL ASK THAT EACH BREAKOUT GROUP GIVE A SHORT OVERVIEW OF THEIR CONVERSATION, BUT FOCUS ON THE COUPLE OF THINGS THAT YOU THINK YOU SHOULD BE DOING TO GET AHEAD OF SOME OF THESE TRENDS THAT WE'VE BEEN TALKING ABOUT. AND THEN, ANGELA, DO YOU WANT TO PUT PEOPLE IN THEIR GROUPS? AND ONE MORE ROUND OF APPLAUSE FOR OUR PANELISTS. THE NEXT ITEM OF BUSINESS TODAY IS A HOST CAMPUS REPORT. [N. 10:30 a.m. HOST CAMPUS REPORT] IT WILL FOCUS ON THE WORK OF THINQSTUDIO. AND WE'LL HAVE A CHANCE TO GROW, INTRODUCE THE PROGRAM AND HER FOLKS WHO ARE GOING TO PUT IT ON. THANK YOU, CHAIR GALLEGOS. AND BEFORE WE DO THAT. SO I KNOW BASED ON LAST NIGHT'S ACTIVITY THAT THIS IS A GROUP THAT CAN SING. AND SO I WOULD LIKE ELIZABETH TO COME UP. AND, YOU KNOW, SHE WE HAVE A BIRTHDAY TODAY IN OUR MIDST, AS WELL AS GRANDSON'S FIRST BIRTHDAY AS WELL. DON'T YOU, LINDA? BUT, ELIZABETH, I THINK THAT WE OWE HER A ROUSING HAPPY BIRTHDAY AND. HEY, KATHY. YOU'RE GONNA HELP ME WITH THIS. RIGHT. OK. LET'S GO. HAPPY BIRTHDAY TO YOU. HAPPY BIRTHDAY TO YOU. HAPPY BIRTHDAY, DEAR. HAPPY BIRTHDAY TO YOU. WHEN I WAS WALKING ACROSS LAWRENCE LAST NIGHT WITH ELIZABETH, AND I KNOW THAT SHE WAS HERE AT 5:30 YESTERDAY MORNING. I THINK SHE WAS STILL THERE LAST NIGHT WHEN I LEFT AFTER NINE O'CLOCK. AND SHE WAS BACK HERE AT 5:30 THIS MORNING. AND ELIZABETH, FOR ALL YOU DO. THANK YOU. THANK YOU SO MUCH. WELL, IT'S REALLY FITTING THAT WE ARE HAVING THIS PRESENTATION TODAY ABOUT THINQSTUDIO ON VALENTINE'S DAY. AND THE REASON WHY I SAY THAT IS THAT THE HEART OF WHAT WE DO AT OUR INSTITUTIONS AND WHO WE ARE IS ABOUT THE ART AND SCIENCE OF TEACHING AND LEARNING. WHEN I FIRST ARRIVED AT CU DENVER IN 2016, EARLY ON, I HAD A VISIT WITH FOUR PROFESSORS FROM CU DENVER AND I WASN'T QUITE SURE WHAT TO EXPECT WHEN THEY HAD MADE AN APPOINTMENT TO COME AND SEE ME. BUT WHAT I FOUND IN THE COURSE OF THAT CONVERSATION WAS SOMETHING THAT THE PASSION WAS UNMISTAKABLE. THE VISION WAS COMPELLING. THE TIMING WAS SPOT ON. AND FRANKLY, I WAS SMITTEN BY WHAT THEY WERE TELLING ME ABOUT WHAT THEY WERE GETTING STARTED. THIS GROUP OF FOUR FACULTY, TWO OF THEM ARE FROM THE SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT. THE OTHER TWO ARE FROM OUR COLLEGE OF LIBERAL ARTS AND SCIENCES. AND IT'S REALLY APPROPRIATE BECAUSE IT FEELS LIKE THE THEME OF THIS BOARD MEETING [03:40:04] HAS BEEN ALL ABOUT BREAKING BOUNDARIES, ENTREPRENEURIAL THINKING, TAKING RISKS AND HAVING BOLD EXPERIMENTATION. AND IN FACT, THAT'S WHAT THINQSTUDIO IS ABOUT. AND IT'S NOT A TYPO. THAT IS T H I N Q. AND THAT GIVES YOU A CLUE TO THE KIND OF THINKING THAT THEY ARE DOING. SO THINQSTUDIO IS PART THINK TANK, PART DESIGN STUDIO, PART STARTUP, AND IT IS ABOUT LOOKING AT THE FUTURE OF TEACHING AND LEARNING THROUGH NEW EYES. LET ME JUST GIVE YOU AN EXAMPLE OF HOW I SAW IT IN ONE OF THE ELEVATORS IN THE LAWRENCE STREET CENTER WHERE THEY'RE ANNOUNCING ONE OF THEIR NEXT WORKSHOPS AND THEY HAVE WORKSHOPS SUCH AS UNBOXING PEDAGOGY. THE DEVIL WEARS DATA RE-AUTHORIZING TEACHING. SO WHEN I THINK ABOUT THE WORK THAT'S HAPPENING IN THE STRATEGIC PLAN FOR THE CU SYSTEM AND AS YOU KNOW, ONE OF THE PILLARS OF THAT PLAN IS INNOVATION IN LEARNING AND TEACHING. ONE OF THE GOALS THAT'S BEEN IDENTIFIED BY THAT GROUP IS THAT BY 2021, EACH CAMPUS WILL LAUNCH OR EXPAND THREE ACADEMIC INNOVATIONS AND THEY WILL BE IN THE AREAS OF STRUCTURAL CHANGE, PEDAGOGY AND TECHNOLOGY. AND IN FACT, I HAVE NO DOUBT THAT FOR CU DENVER, ONE OF THOSE INNOVATIONS THAT WE WILL BE LIFTING UP AND HOPING TO BUILD ON AND EXPAND IS THE WORK OF OUR THINQSTUDIO. SO YOU ARE IN FOR AN INCREDIBLE TREAT TODAY. AND IT IS REALLY MY HONOR AND PRIVILEGE TO INTRODUCE YOU TO THE ARCHITECTS OF THINQSTUDIO DOCTORS BRAD HINSON, REMI [INAUDIBLE], PAM LAIRD AND MICHAEL ZINSER. AND WITH THOSE FOUR, PLEASE STAND OR WAVE FROM WHERE YOU ARE. AT THIS POINT, I'D LIKE TO ASK REMY [INAUDIBLE], WHO'S GOING TO GIVE THE BACKGROUND A BIT TO AND SET UP WHAT THE NEXT HOUR THAT WE HAVE WITH YOU IS GOING TO BE ABOUT. AND I THINK IT IS SOMETHING THAT WILL ALLOW US TO THINK FORWARD AND REALLY BOLD AND INTERESTING WAYS. SO I AM SO PROUD OF THE WORK THAT THEY'RE DOING. IT'S ALMOST INFECTIOUS BECAUSE OF THE WAY THAT THEY HAVE TOUCHED OUR FACULTY THROUGHOUT. CU DENVER. SO, REMY, WE'RE GLAD TO HAVE YOU HERE. THANK YOU SO MUCH. GOOD MORNING, EVERYONE. AGAIN, MY NAME IS REMY [INAUDIBLE]. I'M AN ASSISTANT PROFESSOR OF LEARNING, DESIGN AND TECHNOLOGY HERE ON THE STUDENT CAMPUS. AND IT'S AN HONOR TO REPRESENT MY THINQSTUDIO COLLEAGUES, MANY OF WHOM ARE HERE WITH US THIS MORNING TO PRESENT TO YOU OUR BOARD OF REGENTS, TO PRESIDENT KENNEDY, TO OTHER LEADERS OF OUR SYSTEM AND UNIVERSITY. THIS CAMPUS REPORT ABOUT THINQSTUDIO. AND WE'D LIKE TO BEGIN BY REFERENCING AGAIN THE STALWART SUPPORT THAT WE RECEIVED FROM CHANCELLOR PHARRELL. IN THE 2016 2017 ACADEMIC YEAR. WE RECOGNIZE AN OPPORTUNITY, AS NOTED IN THIS QUOTE, TO ADVANCE OUR UNIVERSITY'S CULTURE OF TRANSFORMATIVE TEACHING AND LEARNING. WE RECOGNIZE AN OPPORTUNITY TO BE INNOVATIVE NOT ONLY IN OUR ONLINE TEACHING AND LEARNING, BUT ALSO IN HYBRID AND FACE TO FACE CLASSROOMS. AND THIS SESSION TODAY OVER THE COURSE OF THE NEXT HOUR IS AN OPPORTUNITY TO TALK ABOUT AND TO ENGAGE WITH OUR COMMITMENT TO CRITICAL AND CONSEQUENTIAL DIGITAL PEDAGOGY. NOW, IT IS LIKELY THAT MANY OF YOU ARE HEARING ABOUT THINQSTUDIO TODAY FOR THE FIRST TIME. AND SO AS A COMPLEMENT TO OUR PRESENTATION, WE INVITE EVERYONE TO VISIT OUR WEBSITE, SIMPLY THINQ.STUDIO, AND ALSO FOLLOW ALL ALL OUR ADVENTURES ON TWITTER USING THE TWITTER HANDLE AT THINQSTUDIO. I'LL ALSO MENTION IN REGARDS TO THE STRUCTURE OF THIS MORNING SESSION, I'LL GIVE A BRIEF BACKGROUND TO THINQSTUDIO FOR ABOUT FIVE MINUTES AND THEN WE'LL HEAR FROM FIVE THINQSTUDIO FACULTY FELLOWS ABOUT THEIR EXPERIENCES AS FELLOWS IN OUR PROGRAM AND THE IMPACT THAT THAT HAS HAD ON THEIR STUDENTS. FOLLOWING THAT, WE'LL HAVE A BRIEF OPPORTUNITY FOR Q&A FROM THE BOARD, FOLLOWED BY AN INTERACTIVE SMALL TABLE SET OF DISCUSSIONS AROUND THE THEMES PREVALENT IN TODAY'S PRESENTATION. SO WE ARE AN INCUBATOR OF INNOVATION. WE RECOGNIZE AN OPPORTUNITY ON OUR CAMPUS TO MEET A VARIETY OF NEEDS. THOSE NEEDS LIE AT THE INTERSECTION OF PEDAGOGY AND TECHNOLOGY. [03:45:04] AND WE RECOGNIZED THE FACT THAT ALL EDUCATION TODAY IS DIGITAL EDUCATION. AND AS A RESULT OF THAT, DIGITAL PEDAGOGY MATTERS FOR EVERY INSTRUCTOR, EVERY FACULTY MEMBER AND EVERY EDUCATOR, NOT ONLY ON THE CU DENVER CAMPUS, BUT ACROSS THE CU SYSTEM. WHETHER WE TEACH EXCLUSIVELY ONLINE OR IN A LARGE LECTURE HALL. EVERY EDUCATORS PEDAGOGY IS DIGITAL IN SOME WAY, AND WE WANTED TO CREATE A PROFESSIONAL LEARNING OPPORTUNITY TO HELP ADVANCE CRITICAL AND CREATIVE DIGITAL PEDAGOGY FOR ALL EDUCATORS ON OUR CAMPUS. AND WE'VE BEEN COMMITTED TO THAT. NOW FOR THE PAST FOUR YEARS. SO WHAT DOES THAT LOOK LIKE? WHAT DO WE DO? PRIMARILY, WE INVEST HEAVILY IN OUR FACULTY AND WE DO SO THROUGH A FACULTY FELLOWS PROGRAM. AGAIN, YOU'LL BE HEARING FROM FIVE OF THEM TODAY. AND SOME OF YOU HAVE RECEIVED A SHEET OF PAPER OUTLINING WHO THOSE FACULTY FELLOWS ARE AND THE ORDER OF THOSE PRESENTATIONS THAT YOU'LL HEAR IN JUST A MOMENT. WE ALSO FACILITATE, AS CHANCELLOR PHARRELL MENTIONED A FEW MOMENTS AGO, A VARIETY OF WORKSHOPS ABOUT LEADING DIGITAL EDUCATION TOPICS. THESE PROFESSIONAL LEARNING OPPORTUNITIES ARE REALLY OUR BREAD AND BUTTER AND ALLOW US TO ENGAGE WITH A VARIETY OF CAMPUS STAKEHOLDERS ACROSS OUR UNIVERSITY. WE ALSO HOST PUBLIC EVENTS LIKE OUR UNCONFERENCE CALLED RETHINK, MAKING US REALLY A HUB FOR DIGITAL PEDAGOGY AND INNOVATION IN THE ENTIRE FRONT RANGE REGION. WE FOCUS ON TOPICS LIKE STUDENT CENTERED ASSESSMENT, REALLY FINDING CREATIVE WAYS FOR STUDENTS TO OWN THEIR LEARNING AND UNDERSTAND HOW WHAT THEY DO IN THE CLASSROOM IS NOT ONLY CONSEQUENTIAL TO THEM IN THE MOMENT AND THEIR PEERS, BUT TO THEIR LIFE BEYOND THE UNIVERSITY. WE'VE ALSO TAKEN A RECENT INTEREST IN OPEN EDUCATIONAL RESOURCES AND PRACTICES. THESE FREE LEARNING RESOURCES, WHICH LOWER THE BARRIER TO ENTRY WHILE ALSO MAINTAINING HIGH, RIGOROUS STANDARDS FOR ROBUST LEARNING OPPORTUNITIES, HAVE BECOME A CORE FOCUS OF SOME OF OUR WORK. AND RECENTLY WE WERE AWARDED A GRANT FROM THE CURRENT DEPARTMENT OF HIGHER EDUCATION TO ADVANCE THIS WORK ON OUR CAMPUS. WE APPLY DESIGN THINKING METHODS TO EVERYTHING THAT WE DO, SUPPORTING FACULTY TO IDENTIFY THEIR LOCAL PROBLEMS OF PRACTICE AND CREATE INNOVATIVE SOLUTIONS TO REAL WORLD TEACHING CHALLENGES. THIS IS A LIST OF JUST SOME OF OUR CAMPUS PARTNERS AND STAKEHOLDERS THAT WE'VE COLLABORATED WITH OVER THE PAST FEW YEARS. AND ALTHOUGH I WON'T READ IT ALL, I WANT TO NOTE THAT WE HAVE HAD PARTICIPATION IN THINQSTUDIO EVENTS FROM EVERY SINGLE CU DENVER UNIT ON OUR CAMPUS. WE ALSO SHARE OUR WORK PUBLICLY THROUGH, FOR EXAMPLE, THE SCHOLARSHIP OF TEACHING AND OUR FELLOWS ACTUALLY, MYSELF INCLUDED, HAVE PUBLISHED OUR WORK IN OPEN ACCESS JOURNALS, MAKING OUR BEST PRACTICES MORE PUBLICLY AVAILABLE. OUR IMPACT ON CAMPUS CAN BE SUMMARIZED IN THE FOLLOWING WAYS. WE'VE HAD 17 FACULTY FELLOWS ACROSS THREE COHORTS. OUR EXPLORERS ATTEND VARIOUS PROFESSIONAL LEARNING CONFERENCES ACROSS NORTH AMERICA, AS HAS BEEN MENTIONED NOW. OUR WORKSHOPS REACH ALL KINDS OF STAKEHOLDERS ON OUR CAMPUS. WE'VE ENGAGED OVER 500 PEOPLE AT OUR EVENTS OVER THE PAST THREE YEARS. AGAIN, A RECENT GRANT FROM CDHE. AND A NEW PARTNERSHIP WITH THE DIGITAL PEDAGOGY LAB, WHO WILL BE HOSTING THEIR ANNUAL CONFERENCE ON OUR CAMPUS THIS COMING SUMMER. WE'VE ALSO HAD WIDESPREAD PARTICIPATION IN OUR EVENTS FROM A VARIETY OF COLORADO EDUCATIONAL INSTITUTIONS. AND THE LOGOS THAT YOU SEE HERE REPRESENT EDUCATORS, LEARNERS, DESIGNERS AND INSTRUCTIONAL LEADERS WHO HAVE COME FROM ALL OVER THE STATE AND REGULARLY ATTEND OUR EVENTS. THERE ARE FACULTY FROM EVERY C.U. CAMPUS WHO HAVE SCHLEPPED ALL THE WAY TO DENVER TO COME TO OUR EVENTS BECAUSE THEY RECOGNIZE THAT WE'RE DOING SOMETHING SPECIAL. AND BEYOND HIGHER EDUCATION, WE ARE SEEING AN UPTICK IN THE NUMBER OF K-12 EDUCATORS WHO COME TO OUR EVENTS AS WELL BECAUSE THEY REALIZE THE RELEVANCE OF OUR WORK TO THEIR PRACTICE. SO I'M GOING TO GET OUT OF THE WAY BECAUSE THIS IS NOT ABOUT ME PROVIDING A SUMMARY, BUT REALLY AN OPPORTUNITY FOR OUR FELLOWS TO SHARE THEIR STORIES WITH YOU. AND SO IN JUST A FEW MOMENTS, WE'LL HEAR FROM DR. MARIUM [INAUDIBLE]. DR. DENNIS. DR. KATE GOODMAN. DR. DALE STALL AND DR. VIVIAN SCHUE ABOUT THEIR EXPERIENCES AS THINQSTUDIO FELLOWS AND WHAT IT'S MEANT FOR THEIR STUDENTS. I WANT TO CLOSE, THOUGH, BY MENTIONING THAT WILL PRESENT TO THE REGENTS AND PRESIDENT KENNEDY A ZIP DRIVE. YES, IT LOOKS LIKE A CASSETTE TAPE, BUT IT INCLUDES SOME VIDEOS AND OTHER RESOURCES PERTINENT TO OUR WORK. AND WE HOPE THAT IN ADDITION TO TODAY'S SESSION, YOU DIG A LITTLE DEEPER INTO WHO WE [03:50:02] ARE USING THE RESOURCES ON THIS DRIVE. SO WITHOUT FURTHER ADO, I'D LIKE TO INVITE MY COLLEAGUE, DR. MARIUM [INAUDIBLE], TO JOIN ME. GOOD MORNING, EVERYONE. MY NAME IS MARIUM [INAUDIBLE]. I AM A FACULTY IN THE COLLEGE OF ENGINEERING, DESIGN AND COMPUTING. IT'S AN HONOR FOR ME TO STAND IN FRONT OF YOU AND SHARE MY TWO YEARS OF EXPERIENCE WITH THINGS TO DEAL WITH YOU GUYS. LET'S START WITH WHERE I STARTED COLLABORATING WITH THINQSTUDIO. WHAT IS THINQSTUDIO? WHAT WOULD THINQSTUDIO DO FOR ME. WHEN I WAS FIRST INTRODUCED TO THINQSTUDIO BY MY COLLEAGUE AND GOOD FRIEND, DR. PAM LAIRD. I KEPT ASKING HER WHAT IS THINQSTUDIO? WHAT CAN THEY DO TO HELP ME IMPROVE MY TEACHING SKILLS IN THE COLLEGE OF ENGINEERING? AND SHE STARTED. [O. 11:30 a.m. FINANCE DISCUSSION ITEM] TELLING ME WHAT ARE THE THE EXTRAORDINARY THINGS I CAN DO TO THINQSTUDIO, AND I KEPT ASKING WHAT ELSE? WHAT ELSE IS THERE? WHAT ELSE IS THERE? OF COURSE I CAN GO AND ATTEND CONFERENCES AM ON DIGITAL DIGITAL PEDAGOGY WITH THE SUPPORT OF THINGS TO DO AND COME BACK AND REPORT. WHAT ELSE? SO I KEPT ASKING WHAT ELSE? WHAT ELSE UNTIL I WAS CONVINCED THAT THINQSTUDIO WAS WHERE I BELONGED. THINQSTUDIO WAS THE PLACE THAT I FINALLY FOUND THE GROUP OF PEOPLE THAT CARED ABOUT WHAT I CARE ABOUT. SO I JOINED THE THINQSTUDIO AS A FACULTY FELLOW IN 2018 AND WENT TO A CONFERENCE ON DIGITAL PEDAGOGY. THE SAME YEAR SUMMER OF TWENTY EIGHTEEN AND I CAME BACK WITH A GREAT EXPERIENCE AND I IMPLEMENTED EVERYTHING I LEARNED IN THAT CONFERENCE, WHICH WAS IN MARY WASHINGTON UNIVERSITY IN VIRGINIA WITH MY STUDENTS IN MY CLASSES. AND I REALIZED WHILE INTERACTING WITH THE FOUR FACULTY MEMBERS, THE FOUNDERS OF THINGS TO DO, THAT, HEY, THE SKY'S THE LIMIT. IMMEDIATELY AFTER I JOINED THE FELLOW PROGRAM, MY WHAT ELSE QUESTIONS THAT I STARTED WITH CHANGE TO WHAT IF. SO I STARTED ASKING, WHAT IF WE DO THIS WORKSHOP? WHAT IF WE EXPLORE THIS IDEA? AND EVERY TIME I BROUGHT A NEW IDEA, IT WAS WELCOMED WITH THE FOUNDERS. AND WE WE WE WORKED TOGETHER. I PRESENTED A WORKSHOP ON. SOMETHING THAT I NEVER THOUGHT I WOULD BE TALKING ABOUT. AND THAT WAS FREE WRITING IN ENGINEERING. WHEN I FIRST TOOK THAT BACK TO MY STUDENTS IN A CLASS OF 68 STUDENTS, THEY WERE LIKE, WHAT ARE YOU TALKING ABOUT? BUT AT THE END, THEY WERE HAPPY. FREE WRITING WITH NO PROMPT TO AN ENGINEERING STUDENT WHO THINKS WRITING IS OF NO VALUE AS LONG AS I HAVE MY ANSWERS CORRECT. I'M GOOD, BUT THEN THEY REALIZED YOU NEED TO BE ABLE TO WRITE AND COMMUNICATE WHEN YOU GET TO TO INDUSTRY AND TO TO DO THE WORK YOU'RE SUPPOSED TO DO IN A GROUP OF PEOPLE. I THINK MY TIME IS LIMITED. I JUST WANTED TO MENTION THAT AS A RESULT OF BEING PART OF THINGS TO DO AND THE INSPIRATION THEY GAVE TO ME, NOW I HAVE MY OWN ENGINEERING LEARNING COMMUNITY. IT'S BASICALLY A COMMUNITY OF STUDENTS, A GROUP OF STUDENTS WHO LEARN TOGETHER. AND THIS YEAR, I AM PROUD TO ANNOUNCE THAT THEIR RETENTION RATE OF ENGINEERING STUDENTS, WHICH IS USUALLY IN OUR RESEARCH, SAYS IT'S VERY LOW FOR VARIOUS REASONS. WE WERE ABLE TO RETAIN NINETY FIVE PERCENT OF OUR STUDENTS. [03:55:03] AND THAT WAS A GREAT ACHIEVEMENT OF THE LEARNING COMMUNITY AND THE COLLABORATION AND THINKING ALONG THE WAY WITH MY THINQ FELLOWS. ONE LAST THING I WANTED TO MENTION IS THAT THINQSTUDIO GAVE ME THE OPPORTUNITY TO TO RETHINK MY TEACHING. AND MORE IMPORTANTLY, RETHINKING THE LEARNING OF STUDENTS. I CAN STAND IN FRONT OF THE STUDENTS FOR HOURS AND TEACH AND TEACH AND TEACH. BUT DO THEY ALSO LEARN AND LEARN AND LEARN AT THE SAME TIME? WELL, THAT IS THE GAP THAT WE HOPE TO FILL WITH ALL THESE INNOVATIVE IDEAS LIKE LEARNING COMMUNITIES, LIKE UNBOXING. OTHER IDEAS THAT OVERALL WE WILL BE ABLE TO SERVE OUR STUDENTS BECAUSE THAT IS OUR ULTIMATE GOAL, TO SERVE OUR STUDENTS AND TO HELP THEM GO AND HELP THEM WITH THE TRANSITION FROM THE FRESHMAN UNTIL THEY GRADUATE AND THEY WALK IN THE COMMENCEMENT CEREMONY. THANK YOU. GOOD MORNING, EVERYONE. MY NAME IS DENNIS [INAUDIBLE]. I'M A FACULTY MEMBER IN THE SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT. I'M A CLINICAL ASSISTANT PROFESSOR AND MY BACKGROUND IS IN MATH EDUCATION. A LITTLE BIT MORE OF A KIND OF BACKGROUND. I AM ALSO A FELLOW FOR THE CENTER FOR EXCELLENCE IN TEACHING AND LEARNING. SO I GET A WONDERFUL CHANCE. WE'LL SEE A LOT OF LIKE TEACHING THAT HAPPENS AROUND THE UNIVERSITY AND GET TO WORK WITH COLLEAGUES FROM ALL THE DIFFERENT SCHOOLS AND HAVE CONVERSATIONS ABOUT WHAT TEACHING AND LEARNING LOOKS LIKE IN HIGHER EDUCATION. BUT I ALSO GET TO WORK WITH PEOPLE THAT WANT TO BECOME TEACHERS AND MORE SPECIFICALLY, MATH TEACHERS. AND I DON'T KNOW HOW YOU ALL FEEL ABOUT MATH, BUT LIKE IF I GO TO A PARTY AND I SAY THAT I'M IN MATH EDUCATION OR IF I TEACH MATH, I USUALLY GET LIKE I GLOSSED OVER LUCK. AND THERE'S A NUMBER OF REASONS FOR THAT. RIGHT. WE THINK ABOUT THE WAY THAT WE HAVE ALL LEARNED MATHEMATICS AND SOME PEOPLE HAVE HAD SOME REALLY WONDERFUL EXPERIENCES AND SOME PEOPLE HAVEN'T. AND THAT SEEMS TO BE MORE OF THE MAJORITY. AND THAT'S FOR A MYRIAD OF REASONS. YOU KNOW, THERE'S A LOT OF PRESSURE THAT WE PUT ON TEACHERS. YOU KNOW, THERE'S A LOT OF STANDARDIZED TESTING. THERE'S SO MANY DIFFERENT PEOPLE THAT TRY TO SAY AND INFLUENCE HOW WE TEACH AND LEARN. THAT REALLY LIKE IT'S A IT'S A GRUELING JOB BEING A TEACHER. AND AND SO YOU KIND OF GET INTO THIS PATTERN OF THINKING ABOUT LIKE, HOW DO THEY HOW DO I KIND OF GET THROUGH THE DAY AND THUS SUPPORT MY STUDENTS? AND ONE OF THE THINGS THAT REALLY DREW ME TO THINQSTUDIO WAS THAT. ALL OF A SUDDEN IT GAVE ME THIS OPPORTUNITY. AND I LOVE THIS TERM. IT GAVE ME THE OPPORTUNITY TO THINK OF HAVING A WILLING SUSPENSION OF DISBELIEF, TO BE ABLE TO HAVE SOME TIME TO BE ABLE TO WORK WITH AMAZING COLLEAGUES AND NOW FRIENDS. MARIUM, WHO JUST PRESENTED I MET A DIGITAL PEDAGOGY LAB TWO YEARS AGO. I WORKED ON HER WITH THEFREE WRITING OPPORTUNITIES AND NOW I WORK WITH HER IN A BUNCH OF DIFFERENT WAYS. AND I CONSIDER HER A CLOSE FRIEND NOW. BUT IT ALLOWS US TO BE ABLE TO KIND OF LIKE STEP BACK FROM ALL OF THE STRESS AND THINK ABOUT WHAT'S REALLY IMPORTANT, WHAT'S THE MOST IMPORTANT THING. AND THAT'S OUR STUDENTS LEARNING. YOU KNOW, IT'S GREAT FOR US TO THINK ABOUT OUR TEACHING AND HOW TO CONTROL THAT AND HOW TO THINK ABOUT LIKE BETTER WAYS TO TEACH. BUT IT'S REALLY ALL ABOUT STUDENT LEARNING, RIGHT? IF WE'RE SITTING UP THERE AND WE'RE TALKING BECAUSE WE ARE ALL EXPERTS IN SOME AREA, I HAVE A BACKGROUND IN MATHEMATICS, I HAVE A BACKGROUND IN MUSIC. AND AND THERE ARE CERTAIN THINGS THAT [INAUDIBLE] AND I'M PASSIONATE ABOUT IT, BUT MY STUDENTS AREN'T ALWAYS PASSIONATE ABOUT MATH. OR THEY HAVEN'T AT LEAST FOUND THEIR OPPORTUNITY TO BE ABLE TO BE PASSIONATE ABOUT MATH. THEY DON'T HAVE THAT IDENTITY AS A MATHEMATICIAN OR A MUSICIAN OR THINGS ALONG THOSE LINES. AND IF WE CAN SIT DOWN AND FOCUS ON LEARNING FOR OUR STUDENTS, WE CAN KIND OF LEARN WHAT ARE THE THINGS THAT ARE REALLY EXCITING FOR THEM. HOW ARE THEY GOING TO BE HAVE AN IDENTITY AS A MATHEMATICIAN OR MAYBE A TEACHER OR A PROFESSOR. ALONG THE WAY. AND HAVING THE CHANCE TO BE ABLE TO WORK WITH AMAZING COLLEAGUES ACROSS THE UNIVERSITY THROUGH THINQSTUDIO IS ONE OF THE THINGS THAT ALLOWS ME TO DO THAT ALLOWS ME TO THINK ABOUT AND EXPLORE AND SUSPEND ALL MY, YOU KNOW, CONCERNS ABOUT ALL THE DIFFERENT THINGS I NEED TO DO AND HAVE THE PLACE, THE [04:00:04] OPPORTUNITY TO TAKE RISKS IN MY TEACHING, THE OPPORTUNITY TO BE ABLE TO DIG INTO MORE SCHOLARSHIP, OF TEACHING AT HIGHER ED AND GIVE ME A CHANCE TO BE ABLE TO KIND OF CONNECT MY OWN WONDER, MY OWN EXCITEMENT FOR THE WORK THAT I DO TO MY STUDENTS. AND THAT IS AN OPPORTUNITY THAT I'VE NOT HAD IN MY EIGHT YEARS, 10 YEARS OF HIGH SCHOOL TEACHING AND NOW EIGHT YEARS IN HIGHER EDUCATION. AND THAT EXISTS HERE. SO THAT ABILITY TO BE ABLE TO KIND OF LIKE STEP BACK AND HAD THAT CHANCE TO KIND OF EXPLORE WONDER AND EXCITEMENT IN THE WORK THAT WE DO IS ONE THING. AND THEN THE OTHER THING IS REALLY COMMUNITY. AS I'VE MENTIONED, ALL OF THE PEOPLE I KNOW THAT ARE GOING TO BE PRESENTING TODAY, I'VE HAD A CHANCE TO WORK WITH AND ARE WONDERFUL PEOPLE. AND I WOULDN'T HAVE HAD THIS OPPORTUNITY TO LEARN WHAT'S HAPPENING IN CLAS OR MWORKS OR EVEN WITHIN MY OWN DEPARTMENT. IF IT WEREN'T FOR THINQSTUDIO. AND SO I JUST WANT WRAP AND SAY THANK YOU VERY MUCH FOR LETTING ME TO SPEAK AND I REALLY APPRECIATE IT. THANK YOU. HELLO, I'M KATE GOODMAN. I'M AN ASSISTANT PROFESSOR ON THE CLINICAL TEACHING TRACK IT WORKS, WHICH IS A PROTOTYPING AND INNOVATION LAB THAT'S BOTH HERE DOWNTOWN WHERE I'M THE ASSOCIATE DIRECTOR AND OUT OF THE ANSCHUTZ MEDICAL CAMPUS AND WORKS IS ABOUT TO HIT ITS FIFTH ANNIVERSARY. AND WE'RE NEWLY HOMED WITHIN THE COLLEGE OF ENGINEERING, DESIGN AND COMPUTING. MY WORKSPACE LOOKS LIKE A MAKERSPACE ON STEROIDS. WHEN YOU COME IN, THERE'S MULTIPLE KINDS OF 3-D PRINTERS, A LASER CUTTER, WOODWORKING, METALWORKING, SEWING MACHINES, ELECTRONICS SENSORS WE CAN BUILD INTO THINGS AND EVEN IN SYNTHETIC BIOLOGY LAB. AND MY JOB IS TO MAKE SURE THAT'S ACCESSIBLE TO STUDENTS FROM EVERY MAJOR TO FACULTY AND STAFF AND EVEN THE PUBLIC. AND WE ACKNOWLEDGE THAT PART OF OUR MISSION IS BEING ONE OF THOSE PLACES THE UNIVERSITY INTERFACES WITH THE BROADER COMMUNITY. MY OPPORTUNITY AS A THINQSTUDIO FELLOW WAS AN OPPORTUNITY TO STEP BACK AND REALIZE JUST HOW MANY DIGITAL TOOLS I THREW AT MY STUDENTS TO GENERATE A SINGLE 3D PRINT. THEY MAY HAVE TO HANDLE THREE OR FOUR DIFFERENT SOFTWARE PACKAGES. AND WHEN I DO THAT, I DON'T ALWAYS STOP AND REALIZE THAT EACH ONE OF THOSE IS ITS OWN LEARNING CURVE, REGARDLESS OF THE EMBEDDED CONTENT. I'M HOPING THAT THEY WILL LEARN ABOUT THINKING IN THREE DIMENSIONS, DEVELOPING SOMETHING THAT FITS THE HUMAN HAND OR FITS THEIR STAKEHOLDER NEEDS. MY OPPORTUNITY AS A THINQSTUDIO FELLOW ACTUALLY CAUSED ME TO PULL MY STUDENTS. WHAT'S THE HARDEST PART OF THIS CLASS? AND I WAS UNHAPPY TO HEAR THAT IT WAS LEARNING THE SOFTWARE AND NOT LEARNING THE CONCEPTS. I HAD A GREAT REALIZATION DURING THAT PROCESS, AND THAT IS THAT WE TALK A LOT ABOUT OUR STUDENTS BEING DIGITAL NATIVES. I THINK THAT'S ALL WRONG. THEY'RE VERY INTIMIDATED TO SIT DOWN TO NEW SOFTWARE PACKAGES AND TRY TO LEARN THINGS. THEY'RE ACTUALLY DIGITAL NOMADS. THEIR FIRST CAN PERSONAL COMPUTING DEVICE WAS THEIR PHONE. THEY'RE VERY HAPPY TO COMPUTE AT ALL TIMES AND ALL PLACES TO BE DIGITALLY CONNECTED. BUT THEY MAY NOT HAVE A RELIABLE LAPTOP AT HOME AND THE WI-FI MIGHT BE SKETCHY. SO ONE OF THE THINGS I CHANGED ABOUT HOW I DESIGN ASSIGNMENTS THAT REQUIRE THAT I ACCESS DIGITAL TOOLS IS BEING AWARE OF THEIR LEVEL OF ACCESS. MAYBE IT'S JUST A MOMENT OF COACHING TO SAY THIS READING. IT'S SHORT. I'M HAPPY TO LET YOU READ IT ON YOUR PHONE ON THE TRAIN HOME. THIS DISCUSSION RESPONSE, YOU CAN KNOCK THAT OUT VERY BRIEFLY BETWEEN SHIFTS AT WORK. THAT'S OK. OR INSTEAD COACH THEM TO SAY, YOU KNOW, THIS IS A HEAVY DUTY ACADEMIC ARTICLE. YOU'RE GOING TO WANT TO BE SOMEPLACE QUIET AND HAVE A COUPLE HOURS AND MAYBE READ IT MORE THAN ONCE. WITH THIS SOFTWARE PACKAGE, EVEN THOUGH YOU CAN ACCESS IT THROUGH A WEB BROWSER, YOU'RE GOING TO NEED A HIGH-SPEED CONNECTION, MAKE A PLAN TO BE IN THE LAB TO USE IT. SO MY TAKE AWAY FROM THINQSTUDIO REALLY EVOLVED HOW I ASSIGN AND COACH MY STUDENTS TO USE THE DIGITAL TOOLS THEY USE ALL THE TIME. FAR TOO OFTEN INSTRUCTORS LOOK AT THE PHONE AS THE ENEMY. IT'S A DISTRACTION IN OUR CLASSROOMS, KEEPS STUDENTS FROM LEARNING, BUT IT'S NOT. IT'S THE DOOR TO OPEN LEARNING AT ALL TIMES IN ALL PLACES. AND IF WE REMEMBER THAT THEY ARE DIGITAL NOMADS, NOT DIGITAL NATIVES, AND WE ACTUALLY DO THE TEACHING TO HELP THEM USE THOSE DIGITAL TOOLS AND THEN GIVE THEM JUST A LITTLE BIT OF COACHING. THIS IS WHEN TO SIT DOWN AND BE INTENSE AND WORK THROUGH THIS SOFTWARE PACKAGE IN A QUIET SPACE, MAYBE IN MY LAB WHERE YOU CAN TALK TO YOUR COLLEAGUES, TALK TO ME FOR QUESTIONS. AND THIS IS SOMETHING THAT YOU SHOULD BE LOOKING AT THE CITY AS YOUR CLASSROOM. AND THIS ASSIGNMENT CAN BE DONE ON THE FLY. AND THIS ASSIGNMENT CAN INCLUDE OBSERVATIONS FROM YOUR EVERYDAY LIFE. IF WE INCLUDE THOSE TWO THOUGHTS THAT WE ARE COACHES TO USE OUR DIGITAL TOOLS TO THE BEST EFFECT AND THAT THEY ARE DIGITAL NOMADS, NOT DIGITAL NATIVES, THEY WILL UTILIZE THOSE TOOLS IN SUCH BETTER WAYS THROUGHOUT NOT JUST THEIR TIME AT CU DENVER, BUT BECOMING THOSE LIFELONG LEARNERS, THOSE LIFELONG INNOVATORS. WE NEED AND WANT THEM TO BE FOR THE CITY OF DENVER. THANK YOU. [04:05:01] GOOD MORNING. I'M DALE STALL, I'M AN ASSISTANT PROFESSOR OF HISTORY IN THE COLLEGE OF LIBERAL ARTS AND SCIENCES. I TEACH MIDDLE EASTERN AND ISLAMIC HISTORY AND ENVIRONMENTAL HISTORY. AND I OFTEN THINK OF MY TEACHING EXPERIENCES AT C.U. DENVER IN TERMS OF PRE THINQSTUDIO AND POST THINQSTUDIO. WHEN I ARRIVED AT CU DENVER, I IMPLEMENTED THE TEACHING STRATEGIES THAT HAD WORKED BEST FOR ME. I ACTUALLY GREW UP NOT NOT FAR FROM HERE IN LITTLETON, WENT TO HERITAGE HIGH SCHOOL, GO EAGLES. AND BY VIRTUE OF MY SUCCESS IN THOSE TRADITIONAL LEARNING ENVIRONMENTS, I ENDED UP HAVING THE OPPORTUNITY TO ATTEND ELITE PRIVATE UNIVERSITIES AND THE TRADITIONAL METHODS ESSENTIALLY THAT WE IMAGINED OF EDUCATION REALLY WORKED FOR ME. IN HISTORY, THAT'S TYPICALLY THE LECTURE EXAM ESSAY MODEL OF PEDAGOGY. CU DENVER IS THANKFULLY AN INSTITUTION MUCH MORE REFLECTIVE OF AMERICAN SOCIETY AS A WHOLE. THE STUDENT BODY IS HIGHLY DIVERSE. MANY STUDENTS ARE FIRST GENERATION. YOU'LL HEAR MULTIPLE LANGUAGES WHEN YOU PASS BETWEEN CLASSES ON THIS CAMPUS AND THERE ARE STUDENTS OF A WIDE RANGE OF BACKGROUNDS. SO THERE ARE STUDENTS WHO HAVE WHO ARE LIKE ME, WHO HAVE SUCCEEDED IN TRADITIONAL SETTINGS AND SOME WHO HAVE NOT. AND SO IN MY SECOND YEAR OF TEACHING AT C.U. DENVER, I REALIZED THAT A DIVERSE GROUP OF STUDENTS WARRANTED A DIVERSE GROUP OF METHODS. AND LUCKILY, WHEN I WENT IN SEARCH OF NEW WAYS OF TEACHING, I FOUND AN INNOVATIVE SOURCE OF INSPIRATION THINQSTUDIO. LITTLE DID I KNOW THAT THINQSTUDIO WOULD NOT ONLY PROVIDE ME WITH MANY NEW TEACHING STRATEGIES, BUT IN FACT WOULD PROVIDE A COMPLETELY NEW AND CRITICAL WAY OF THINKING ABOUT WHAT IT MEANS TO BE A COLLEGE TEACHER. AS A HISTORIAN, I BELIEVE THAT THE MOST IMPORTANT LIFELONG SKILL THAT I TEACH IS CRITICAL THINKING. BUT THOSE TWO WORDS, CRITICAL THINKING, HAVE BEEN APPLIED TO SO MANY DIFFERENT CONTEXTS THAT IT'S OFTEN HARD TO PUT A FINGER ON WHAT THAT CONCEPT REALLY MEANS, MUCH LESS HOW TO TEACH IT. THINQSTUDIO PUSHED ME TO REFINE MY OWN UNDERSTANDING OF CRITICAL THINKING IN A HOLISTIC WAY, LOOKING AT ALL THE VARIOUS ASPECTS OF MY CLASSROOM. AND IT TURNS OUT THAT THAT TYPICAL LECTURE EXAM ESSAY MODEL IS LESS THAN IDEAL. IF I HOPE THAT MY STUDENTS EMERGE FROM MY CLASSROOM ABLE TO CRITICALLY THINK ABOUT HISTORY AND SOCIETY AND EMPOWERED TO PARTICIPATE IN CIVIC DEBATE. IN MANY CASES, THE EXPERT ON HIGH HOLDING FORTH DOING THE TELLING IS ALMOST MORE AUTHORITARIAN IN ITS MODALITY. IN RESPONSE, AS A RESULT OF THINQSTUDIO, I DEMOCRATIZED MY CLASS. MY STUDENTS NOW WRITE A CLASS CONSTITUTION AS ONE OF THEIR FIRST ACTIVITIES, SETTING THEIR OWN POLICIES AND PROCEDURES FOR THE COURSE. THEY ALSO WRITE THEIR OWN ASSESSMENTS FROM WEEKLY CHECK INS TO THE MIDTERM ITSELF. AND THAT MIGHT SOUND A BIT CRAZY. AND I MEAN, I WAS SCARED WHEN I FIRST EMBARKED ON THIS, BUT I HAVE ACTUALLY FOUND THAT STUDENTS WILL OFTEN WRITE HARDER QUESTIONS THAN I WOULD HAVE. AND THEY CHOOSE DIFFERENT EMPHASES IN THE SAME MATERIAL. AND WHAT THIS SHOWED ME. WAS THAT I WAS ACTUALLY UNDERESTIMATING IN MANY CASES MY OWN STUDENTS LEARNING AND I WAS MISSING OPPORTUNITIES IN THE MATERIALS THAT I IN FACT HAD CHOSEN. FINALLY, THE THINQSTUDIO FELLOWSHIP GAVE ME THE TIME, THE SPACE AND MOST IMPORTANTLY, THE CONFIDENCE TO LEAVE MY SYLLABUS OPEN, TO LET STUDENTS DESIGN A PART OF THE CLASS THEMSELVES BASED ON THE COURSES OVERARCHING THEME AND IDEAS. AND SO IN THIS SETTING, I ACTUALLY BECAME LESS OF AN INSTRUCTOR, THE PERSON WHO TELLS STUDENTS WHAT AND HOW TO THINK AND BECAME MUCH MORE OF AN INTELLECTUAL GUIDE. I'LL LEAVE YOU TODAY WITH A QUOTE FROM A STUDENT EVALUATION ABOUT THEIR EXPERIENCE IN A POST THINQSTUDIO CLASS, QUOTE, HAVING THE OPPORTUNITY TO DISCUSS IN CLASS WHAT KIND OF HOMEWORK WE WANTED AND WHAT KIND OF MIDTERM WE WERE GOING TO HAVE REALLY ENCOURAGED ME TO REFLECT MORE ON MY LEARNING GOALS AND WHAT I WANTED TO GAIN FROM THIS CLASS. IN OTHER WORDS, IT MADE ME THINK MORE THAN IT MADE ME REMEMBER. I THOUGHT MORE ABOUT MY IDEAS AND HOW THEY CONNECTED OUTSIDE OF MYSELF RATHER THAN SIMPLY MEMORIZING OTHER PEOPLE'S IDEAS, UNQUOTE. I DON'T THINK I COULD COME UP WITH A BETTER DEFINITION OF CRITICAL THINKING THAN THAT. THANK YOU. [04:10:08] GOOD MORNING. I'M VIVIAN SCHUE. AND I THINK I KNOW QUITE A FEW OF YOU THAT ARE HERE AS OUR LAST PRESENTER. I THINK I'D LIKE TO TAKE THIS OPPORTUNITY. DOES THIS KIND OF TIE UP SOME OF THE THINGS THAT YOU'VE BEEN HEARING ABOUT? BECAUSE I'M GOING TO ECHO A LOT OF WHAT MY COLLEAGUES HAVE TALKED TO YOU ABOUT THIS MORNING. AS A TK MEMBER I BEGAN BY EXPLORING THIS IDEA THAT I HAD I'VE BEEN TEACHING A LOT WITH ONLINE AND BEEN A BIG PART OF THE GROWTH OF THAT PROGRAM AND USED THAT TIME IN THAT SPACE TO THINK ABOUT MY IDEA THAT OR MY EXPERIENCE THAT SOME STUDENTS WERE MORE SUCCESSFUL IN THAT KIND OF LEARNING ENVIRONMENT THAN OTHERS WERE. SO AS A FELLOW, I TOOK ON AS MY PROJECT, LOOKING AT SOME WAY TO PERHAPS MEASURE THAT EARLY ON AND SEE IF WE COULD INTERVENE AND DO SOME TRIAGE WORK EARLY TO SET THESE STUDENTS THAT MIGHT BE AT RISK FOR NOT SUCCEEDING THERE TO SUCCEED. SO I AM STILL WORKING ON THAT. I'M ACTUALLY HOPING TO APPLY FOR A SMALL GRANT GOING FORWARD AND CARRYING ON WITH THAT PROJECT. BUT I KIND OF DIDN'T WANT TO FOCUS ON THAT WITH YOU TODAY. I WANTED TO FOCUS INSTEAD ON IN A LARGER WAY WHAT IT IS MEANT FOR ME TO BE A MEMBER OF THIS GREAT COMMUNITY. I THINK ONE OF MY FAVORITE THINGS ABOUT BEING A PART OF SUCH OF A WELCOMING AND EXCITING AND ENERGETIC GROUP OF PEOPLE IS THAT THERE'S POWER IN THIS COMMUNITY AND IN A PLACE THAT NOT ONLY CHALLENGES YOU, BUT ALMOST REQUIRES YOU TO TAKE SOME RISKS IN WHAT YOU'RE DOING. I HAVE A LOT OF COLLEAGUES WHO REALLY ENJOY THE LECTURE THAT THAT'S A NICE, SAFE PLACE TO BE. AND WE KNOW THAT THERE ARE SOME SOME MEANINGFUL AND VALUABLE THINGS THAT STUDENTS CAN LEARN FROM LECTURE. BUT WE ALSO KNOW THAT THEY'RE GOING TO LEARN A LOT BETTER IF THEY'RE FAR MORE ENGAGED IN WHAT THEY'RE LEARNING. BUT THAT'S A SCARY PLACE FOR MANY OF US TO BE. IT'S SAFER TO COME IN WITH YOUR SLIDES AND KNOW EXACTLY WHAT YOU'RE GOING TO TALK ABOUT WITH YOUR STUDENTS. BUT WE KNOW THAT THAT'S NOT THE MOST EFFECTIVE METHOD. SO THIS ALL STARTED IN VANCOUVER. I REMEMBER AS A BEAUTIFUL DAY WERE WALKING AND THERE WERE FOUR OF US THAT HAD MET IN VANCOUVER AND HADN'T I HADN'T MET ANY OF THEM REALLY BEFORE. AND WE WERE LEAVING THE DIGITAL PEDAGOGY WORKSHOP AND HAD HEARD ABOUT THIS IDEA OF UPGRADING FROM JESSE [INAUDIBLE]. AND WE JUST KIND OF ALL GOT EXCITED IT'S VERY ORGANIC IN THIS CONVERSATION. AND THEN WE WERE LIKE, YEAH, LET'S DO THIS, LET'S UNGRADED. LET'S FIGURE OUT WHY REGRADING AND THEN STOP DOING THAT. AND RIGHT THERE WAS THE BEGINNING OF IT. SO AMY HAS ENOUGH WAS FROM COMMUNICATION. I'M SORRY. I'M FROM I'M FROM PSYCHOLOGY. AND DALE, WHO YOU'D HEARD FROM IS FROM HISTORY AND JOHN TINNELL WAS FROM ENGLISH. SO INTER-DISCIPLINARY PEOPLE THAT I WOULD NEVER HAVE HAD THE OPPORTUNITY TO MEET BEFORE WE TOOK THAT IDEA, CAME BACK, ENDED UP HAVING A BOOK CLUB WHERE AMY HAS ENOUGH, HAD SET THAT UP. AND WE HAD PEOPLE FROM EVEN OUTSIDE OF OUR OWN CAMPUS JOINING US IN THOSE CONVERSATIONS AND THOSE IDEAS. AMY [INAUDIBLE] IS INTREPID'S. SO YOU DIDN'T GET TO MEET HER TODAY, BUT SHE'S ONE OF THE MAIN THINQSTUDIO PEOPLE. AND SHE JUMPED RIGHT IN AND JUST UNGRADED EVERYTHING. SHE WAS SHE'S VERY BRAVE. AND WHILE THERE WERE CHALLENGES THERE, SHE REALLY FELT EXCITED ABOUT WHAT THAT WAS BRINGING TO HER TEACHING. AS YOU'VE HEARD, DALE HAS DONE SOME OF THAT AND THEN ALSO ADDED THAT SELF-DESIGNED THIS. HOWEVER, IT WAS ALL VERY EXCITING TO ME, BUT VERY, VERY SCARY. LIKE, HOW AM I GOING TO SELL THIS TO MY STUDENTS WHEN MY STUDENTS ALL THEY WANT TO KNOW IS, IS THIS GONNA BE ON THE EXAM AND DO I NEED TO KNOW THIS? BUT FINALLY, AFTER THAT, THE COUPLE OF SEMESTERS I DECIDED AND I TOOK A DEEP BREATH AND I'M GOING FOR IT. SO THIS SEMESTER I TEACH A SENIOR SEMINAR, HIGH IMPACT COURSE. IT'S A CAPSTONE COURSE. AND I AM NOT GRADING ANYTHING. AND THE STUDENTS, I THINK, ARE ALSO EXCITED AND SCARED. AND THEY'RE A LITTLE FREAKED OUT ABOUT THIS AT TIMES. I'VE ALSO GOT A LOT OF SELF-DESIGNED SO USING SOME OF WHAT DALE HAD SPOKEN OF. THEY'RE ANXIOUS ABOUT IT. BUT I'M ALREADY SEEING IN THOSE STUDENTS IN THIS THE FOURTH WEEK MORE ENGAGEMENT AND MORE OWNERSHIP OF WHAT THEY'RE DOING THERE AND THEY'RE LEARNING. IT'S HARD FOR THEM BECAUSE THEY DON'T HAVE THE CLASSIC RUBRICS AND THEY'RE USED TO THAT. BUT I'M TELLING THEM THIS IS WHAT THE WORLD'S GOING TO BE LIKE FOR YOU. YOUR BOSS IS NOT GOING TO HAND YOU A RUBRIC AND SAY, DO THIS. WHY WOULD THEY PAY YOU TO DO SOMETHING THEY COULD DO THEMSELVES THAT WAY? SO I KEEP YOU KNOW, AS THEY THEY HAVE A MAJOR PAPER RIGHT NOW AND NO RUBRIC. AND THAT'S VERY SCARY FOR MANY OF THEM. BUT BEING PART OF THIS COMMUNITY AND WORKING WITH THESE WITH MY COLLEAGUES WHO [04:15:02] HAVE HAVE DONE THIS AND BRAVE THIS AND REALLY ARE SHOWING POSITIVE EFFECTS OF THIS. GIVES ME STRENGTH TO KEEP GOING WITHOUT THAT. I REALLY THINK THAT THEY MAY HAVE TALKED ME INTO GIVING THEM THE DARK RUBRIC. SO ANOTHER THING THAT I THINK IS IMPORTANT AND WHILE INCLUSIVITY WAS PART OF WHAT JESSIE STOMA HAD TALKED ABOUT WITH THIS METHOD, THE COURSE THAT I'M TEACHING RIGHT NOW JUST HAPPENS TO BE THIS BEAUTIFUL CELEBRATION OF DIVERSITY. I'VE GOT STUDENTS IN THERE OF DIFFERENT LGBTQ STATUS, MILITARY PEOPLE WITH PHYSICAL ABILITIES AND DISABILITIES, ALL DIFFERENT KIND OF ETHNIC BACKGROUNDS AND SES BACKGROUNDS. SO IT'S THIS THIS BEAUTIFUL CELEBRATION, I THINK, OF WHAT OUR STUDENTS ARE AS A WHOLE. AND ONE OF THE THINGS THAT I AM FINDING MOST VALUABLE IN THIS IS THE SIDE EFFECT OF EACH OF THEM BEING ABLE TO SHOW ME WHAT THEY CAN BRING TO THIS FROM THEIR OWN PLACE. AND THAT'S SOMETHING THAT THEY HAVE GIVEN ME FEEDBACK ON THAT THEY'RE REALLY ENJOYING. SO I ACTUALLY THOUGHT THAT THEY COULD TELL YOU BETTER. AND YOU CAN SEE THE BEAUTY OF MY CLASSROOM. I'M TEASING MY LITTLE VIDEO. I CREATED THIS LITTLE 2 MINUTE VIDEO, WHICH IS ON YOUR LITTLE CASSETTES. SO IF YOU TAKE A MOMENT, YOU'LL GET TO SEE AND HEAR FROM THEM ABOUT WHAT THIS INNOVATION THAT THINQSTUDIO HAS MADE POSSIBLE IS DOING FOR OUR STUDENTS. THANK YOU. IN JUST A MOMENT, WE'RE GOING TO MOVE TO SOME SMALL TABLE DISCUSSIONS. BUT IF I MIGHT INVITE OUR FELLOWS BACK TO KIND OF JOIN ME UP FRONT HERE. WE WANTED TO INVITE A FEW QUESTIONS FROM THE BOARD AND OTHER SYSTEM LEADERS ABOUT THE FIVE TESTIMONIALS THAT YOU'VE JUST HEARD. IF YOU HAVE SOME PRESSING AND BURNING QUESTIONS BEFORE WE TRANSITION INTO OUR SMALL TABLE DISCUSSIONS. SO IN GENERAL, I LOVE THE IDEA OF OUTSIDE THE BOX THINKING WHETHER EDUCATION OR OTHERWISE. I THINK THIS IS GREAT. I CONFESS I DON'T FULLY UNDERSTAND THE UPGRADING CONCEPT. SO I'M WONDERING IF YOU CAN EXPLAIN THAT A LITTLE BIT, BECAUSE I WOULD THINK SOME KIND OF MEASURE IS NEEDED FOR GPA AND EMPLOYERS AND GRAD SCHOOL. AND PART OF THE REAL WORLD ALSO IS, YOU KNOW, I MEAN, NOT LITERALLY GET A GRADE, BUT YOU'RE GONNA GET FEEDBACK. SO I'D LIKE TO KNOW MORE ABOUT THAT. YES, ABSOLUTELY. SORRY. THAT WAS A PARAGRAPH IN MY NOTES I SKIPPED RIGHT OVER. SO I'M NOT GRADING THEM UNTIL THE END. SO THEY HAVE ASSIGNMENTS. AND WE'VE I ASKED THEM TO TELL ME WHAT KIND OF FEEDBACK WAS GOING TO WORK. AND SO WE'RE WORKING ON A 0 1 IN 2. AND SO ONE IS SATISFACTORY, ZERO IS UNSATISFACTORY. AND TWO IS THAT YOU DID SOMETHING EXEMPLARY HERE. SO THEY'RE GONNA GET THAT. AND THEY HAVE WRITTEN FEEDBACK FOR ME FOR EVERY ASSIGNMENT. AT THE END OF THE SEMESTER, THEY WILL BE PUTTING TOGETHER A PORTFOLIO AND PRESENTING THAT TO ME AND TO THEIR CLASS AS TO HOW THEY'VE GROWN AND MASTERED EACH OF FIVE AMERICAN PSYCHOLOGICAL ASSOCIATION GOALS FOR OUR BACCALAUREATE MAJORS IN PSYCHOLOGY. SO I WILL THEY WILL ACTUALLY BE EVALUATING, PROPOSING TO ME WHAT GRADE THEY DESERVE. AND SHORT OF ANY ANY WHERE I CAN GIVE THEM DATA FOR WHY I CAN'T GIVE THEM THAT GRADE. THEY WILL GET THE GRADE THAT THEY HAVE PRESENTED AND GIVEN EVIDENCE TO. IS THE UNGREETING A PART OF ALL OF YOUR TEACHING? OR IS IT JUST YOU? NO. SO THIS IS THE FIRST TIME THAT I HAVE ACTUALLY REALLY JUMPED IN. I'VE UNGRADED SOME ASSIGNMENTS WHERE I'VE GIVEN THEM THE OPPORTUNITY TO DO PEER FEEDBACK AND THEN TO EVALUATE THEIR OWN PERFORMANCE. BUT THIS IS THE FIRST TIME THAT I'M GOING THROUGH THE WHOLE SEMESTER. WHAT I FOUND IS DIPPING YOUR FOOT IN THAT POOL IS HARD BECAUSE IT IS IT'S DIFFERENT. AND IT'S A LITTLE BIT SCARY FOR THE STUDENTS. AND SO IF WITHOUT SHOWING THAT FULL COMMITMENT TO IT, I'VE REALLY JUST BEEN, YOU KNOW, DEEP IN MY FOOT IN THE POOL WITHOUT IT REALLY GIVING THEM THE OPPORTUNITY TO TAKE ADVANTAGE OF SHOWING THEIR OWN STRENGTHS AND HAVING TO GIVE EVIDENCE TO WHAT THEY'VE LEARNED INSTEAD OF JUST FULFILLING THE RUBRIC THAT I'VE GIVEN THEM. AND IF I MIGHT JUST. IF I MIGHT JUST QUICKLY CLARIFY THAT THIS APPROACH TO ASSESSMENT IS ONE OF THE MANY KINDS OF PROJECTS THAT FELLOWS WILL EMBRACE. AND PART OF OUR ETHOS AND THINQSTUDIO IS TO PROVIDE OUR FACULTY FELLOWS WITH THE AGENCY TO SELECT AND IDENTIFY A PROBLEM OF PRACTICE RELEVANT TO THEIR COURSE, WHICH THEY THEN WOULD LIKE TO, AS WE'VE HEARD, EXPERIMENT WITH. AND SO AGAIN, SOME MAY BE EMBRACING ALTERNATIVE ASSESSMENT METHODS, BUT OTHERS ARE LOOKING AT THE USE OF OH, WE ARE. OR THE USE OF DIFFERENT KINDS OF COLLABORATIVE ACTIVITIES OR THE USE OF SPECIFIC TECHNOLOGY. AND THAT ENTIRE MENU OF FELLOW ENGAGED PROJECTS IS WHAT WE HOPE TO SUPPORT AS THE LEADERS OF THE THINQSTUDIO EFFORT. [04:20:02] I WANT TO THANK YOU FOR HAVING HAVING THE COURAGE TO DO THIS IN CREATING THIS STUDIO AND ACTUALLY ANALYZING WHAT I THINK AS OF TODAY ARE AND HOW WE NEED TO SERVICE THEM AS PROFESSORS, AS TEACHERS AND HELPING THEM MOVE MOVE FORWARD IN THE FUTURE, BECAUSE IT'S NOT THE TRADITIONAL WAY OF LEARNING ANYMORE. AND SO GOOD FOR ALL OF YOU. CONGRATULATIONS. AND IT'S GOING TO BE EXCITING TO READ YOUR RESEARCH AND YOUR PUBLICATIONS THAT YOU MAKE IN THIS AREA BECAUSE IT WILL REALLY HELP IN THE AREA OF TEACHING IN THE UNITED STATES. WELL, THANK YOU SO MUCH. SO I JUST WANTED TO SHARE A STORY ABOUT WHAT HAPPENED YESTERDAY. BEFORE THE BOARD MEETING, I HAD A PROFESSOR COME BY AND HE'S A BUSINESS SCHOOL PROFESSOR. AND HE CAME IN THE ROOM AND I RECOGNIZED HIM AND I HAD TAKEN HIM FOR MY INTRO TO FINANCE COURSE THAT I NEEDED TO TAKE BEFORE I STARTED ON MY MASTER'S IN FINANCE HERE. AND IT WAS SO COOL BECAUSE I ASKED HIM, YOU KNOW WHAT BROUGHT YOU HERE? AND HE SAID, WELL, I CAME TO SAY HELLO TO YOU AND THINK ABOUT THAT. WE HAD NEVER EVEN ACTUALLY MET IN PERSON. AND THEN BECAUSE HIS CLASS WAS SO WELL TAUGHT, I THINK HE REALLY UTILIZED A LOT OF GREAT NEW PEDAGOGY'S THE BEST ONE OF THE BEST ONLINE COURSES I'VE EVER TAKEN. YOU KNOW, WE MADE THAT CONNECTION HERE TODAY. AND THEN DR. PAMELA LAIRDS BACK THERE. SHE WAS ACTUALLY SOMEONE WHO TAUGHT MY FATHER WHEN HE WAS IN SCHOOL HERE AS WELL. SO IT'S ALL COME FULL CIRCLE. AND I REALLY APPRECIATE THE CHANCELLOR BRINGING FORWARD SOME OF THE FACULTY. YOU KNOW, WE'VE HAD A GREAT VISIT HERE AT DENVER. WE'VE GOT TO HEAR FROM STUDENTS. WE'VE GOT TO HEAR FROM OUR FACULTY. AND THANK YOU FOR ALL OF THE WORK THAT YOU DO IN PUSHING US AHEAD. I REALLY APPRECIATE IT. THANK YOU SO MUCH. WELL, I JUST FIND THIS EXCITING. YOU KNOW, I DID A LOT OF PROFESSIONAL DEVELOPMENT OF TEACHERS, K-12 TEACHERS AND, YOU KNOW, THE PROFESSIONAL LEARNING COMMUNITIES HAVE BEEN AROUND A LONG TIME. WE USED TO TEACH, YOU KNOW, DON'T BE THE SAGE ON THE STAGE, BE THE GUIDE ON THE SIDE. BUT I THINK, YOU KNOW, TO HAVE IT COME THROUGH AT THE FOUR YEAR LEVEL WHERE YOU'RE BUSY DOING YOUR RESEARCH OR WRITING, OR DOING YOUR SERVICE, IT TAKES TIME AND ENERGY. AND IT'S REALLY UPLIFTING TO HEAR HOW IT'S OBVIOUS THAT HAVING THE COMMUNITY OF SUPPORT IS REALLY CRITICAL FOR THE SUCCESS TO TRY NEW THINGS. AND, YOU KNOW, GO BACK AND SAY THINGS AREN'T WORKING OR ARE AND CELEBRATE. I JUST I THINK IT'S A REALLY WONDERFUL THING. SO I'M VERY GLAD THAT YOU'VE SHARED THIS WITH US. THANKS. [INAUDIBLE]I WOULD JUST SAY THIS IS A VERY UPLIFTING. WE HEARD FROM WILBEKIN THAT WE'RE NOT INVESTING ENOUGH IN EDUCATION. WE HEARD FROM JOEL MARTINEZ EARLIER PANEL THAT THEY, THIS [INAUDIBLE] YOUTUBING THROUGH JUST ABOUT ANYTHING. AND THAT'S THE STUDENTS THAT WE FACE. AND THE ONLY WAY WE'RE GONNA SQUARE THE HUGE NEED WE HAVE, NOT JUST IN HIGHER ED, BUT IN K-12 TO GET THE EDUCATION THAT THEY NEED TO BE SUCCESSFUL IN OUR STATE NEEDS THE TALENT THEY NEED IS THIS KIND OF INNOVATION. SO WE JUST APPLAUD THE INNOVATION THAT YOU'RE DOING AND AND LOOK FORWARD TO HOW WE DISTILL THE BEST OF IT AND SPREAD IT MORE WIDELY ACROSS THE UNIVERSITY. I WOULD ALSO MAKE A LAST COMMENT AND IT GOES A LITTLE BIT WITH WHAT THAT REGENT KROLL HAD TO SAY IN THE TWO MEETINGS WE'VE HAD TO DENVER AND [INAUDIBLE] AS WELL. WE'VE LEARNED A LOT ABOUT THE OPPORTUNITIES THAT STUDENTS HAVE ABOUT HOW PROFESSORS AND TEACHERS ARE GONE BEYOND THE TRADITIONAL. WE TALKED ABOUT ALL THE TEACHING LEARNING OPPORTUNITIES IN WORKS LINKS CONNECT THE INNOVATION CENTER AND NOW THE THINQSTUDIO. AND IT'S TOO BAD THAT PEOPLE DON'T REALIZE THE OPPORTUNITIES THAT THEY HAVE AT CU DENVER. AND IT'S MADE BECAUSE OF PEOPLE LIKE YOURSELVES THAT ARE INNOVATIVE AND MOVING FORWARD. AS A FORMER EDUCATOR AS WELL, I HEARD STUDENTS MENTIONED A LOT. THAT'S WHY WE'RE HERE. DIVERSE STUDENTS MENTIONED. I HEARD. RETHINK HOW I TEACH. THAT IS SO POSITIVE. YOU KNOW, MAYBE WE DIDN'T NEED SENATE BILL 191 IF PEOPLE WERE GONNA BE RESPONSIBLE FOR STAYING CURRENT AND AND BE THE BEST TEACHERS THAT THEY CAN. SO WHEN YOU'RE REFLECTING ON YOUR OWN TEACHING AND I THINK THAT THAT IS TREMENDOUS. I HEARD COLLABORATION. THAT'S WHAT ALL OF YOU WERE DOING. AND I HEARD INTERDISCIPLINARY TEACHING, WHICH IS A BIG DEAL. I HEARD STUDENT CHOICES. I HEARD RISK-TAKING. HEARD INNOVATION. ALL OF THOSE ARE TREMENDOUS KINDS OF THINGS. [04:25:01] AND, YOU KNOW, I WAS I WAS QUESTIONED. I WAS THROWN A LITTLE BIT BY THE NON GRADING BECAUSE I THINK AS AS WE MOVE FORWARD AND I'VE BEEN IN THE EDUCATION BUSINESS FOR 40 YEARS OR SO AND SOMETIMES WE HAVE BEEN SO INNOVATIVE, BUT WE HAVE FORGOTTEN WHAT OUR STANDARDS ARE. RIGHT. AND WHETHER YOU GIVE A'S B'S C'S D'S OR F'S THERE HAS TO BE SOME RUBRIC AND SOME RESPONSIBILITY FOR WHAT IT IS WE'RE DOING. AND I ALSO APPLAUD YOU AS WELL. AND CHANCELLOR [INAUDIBLE] GREAT LEADERSHIP IN TERMS OF WHAT YOU'RE DOING HERE. WE'RE GOING TO HAVE AN OPPORTUNITY TO INTERACT AT A TABLE JUST WITH THAT TABLETOP EXERCISE. WHAT DO YOU THINK? A SLIDE THAT MAY COME UP SOON. WE'RE GOING TO HAVE 4 SMALL TABLE GROUP DISCUSSIONS THAT ARE GONNA BE SPECIFIC TO DEEPENING THESE CONVERSATIONS. AND SO WE'VE TAKEN THE OPPORTUNITY TO HAVE ALL OF OUR GUESTS. AND SO IF YOU CAN SEE THE SCREENS, I THINK YOU CAN SEE THE SCREENS THERE. WE HAVE A BRONCO'S TABLE AND THERE IS, OF COURSE, THE TABLE WITH THE BRONCOS LOGO ON. IT SHOULD BE PRETTY EASY TO FIND, WE HOPE, AND THE ROCKIES, THE NUGGETS AND THE AVALANCHE. AND SO IF YOU SEE YOUR NAME AT ONE OF THOSE FOUR TABLES, PLEASE MAKE YOUR WAY THERE. THERE WILL BE FACILITATORS FROM BOTH THINQSTUDIO LEADS AND FELLOWS AT EACH OF THESE FOUR TABLES. AND IF YOU DON'T SEE YOUR NAME AT ONE OF THESE TABLES, PLEASE SELECT A TABLE AND PLEASE JOIN. THE CONVERSATIONS WE'LL DEEPEN THAT IN JUST A MOMENT. WE'LL SEE YOU AT THE FOUR TABLES IN THE BACK. I'M GOING TO TURN THIS PART OF THE SESSION OVER TO REGENT KROLL, WHO'S OUR FINANCE DIRECTOR. HE'S GOING TO MAKE SOME INTRODUCTIONS. WE'RE ALSO WAITING FOR PRESIDENT KENNEDY. HE'S GOT A COUPLE OF WORDS THAT HE'D LIKE TO SAY. SO REGENT KROLL I'M GONNA LET YOU HANDLE IT. GREAT. WELL, WE ARE EXCITED. AS WE ALL KNOW, THE FEBRUARY BOARD MEETING IS ONE OF THE MOST EXCITING BOARD MEETINGS BECAUSE FINANCE TAKES CENTER STAGE AT THIS MEETING. WE HAVE HAD A TREMENDOUS AMOUNT OF WORK GO INTO THIS. AND TODD, IF YOU COULD JUST BRIEFLY RECOGNIZE ALL OF THE FOLKS THAT ARE ON YOUR TEAM THAT CONTRIBUTED SIGNIFICANTLY TO THIS PROCESS. AND THEN MAYBE BY THEN WE'LL HAVE PRESIDENT KENNEDY BACK TO SHARE A FEW WORDS. THAT SOUNDS GREAT. THANK YOU VERY MUCH. THAT IS DEFINITELY THE BEST WAY TO START. AND SO OUR TEAMS PUT A MASSIVE AMOUNT OF WORK INTO THIS PRESENTATION AND WE'LL CONTINUE TO, TO PUT A MASSIVE AMOUNT OF WORK INTO ALL OF THIS AS WE APPROACH THE APRIL BOARD MEETING IN JUNE. SO FIRST, JUST THANKING THE CAMPUSES AND THE CFO AND THEIR TEAMS. I KNOW THEY HAVE A LOT GOING ON AND THIS IS A HEAVY LIFT FOR ALL OF THEM AND WE GO THROUGH A MILLION DIFFERENT ITERATIONS OF IT. AND SO THANK YOU TO THEM AND THEIR TEAMS. AND THANKS TO MY TEAM. AND SELINA IS THE WHO DOES NOT LIKE TO BE RECOGNIZED IS THE PERSON WHO'S OUR LEAD PERSON WITH THE CONTACT WITH THE CAMPUSES. SO THANK YOU TO SELINA AND TO CHAD AND TO EMILY AND NORA AND COREY. AND WHERE IS RYAN? RYAN'S NOT HERE. SO THE WHOLE TEAM IS VERY INVOLVED WITH THIS. SO THANK YOU VERY MUCH TO THEM. AND WE HAVE A NEW KIND OF INTERACTIVE VERSION OF THE OVERVIEW TO SHARE WITH YOU TODAY. SO IF IT'S A FLOP, WE CAN JUST GO TO THE OLD VERSION, WHICH IS LOADED UP IN BOARD DOCS, TOO. ALL RIGHT. AND WITH THAT, WE'LL HAND IT OVER TO PRESIDENT KENNEDY TO SAY A FEW WORDS AND THEN WE'LL JUMP RIGHT ON INTO THE INTERACTIVE NEW BUDGET PRESENTATION 2.0. WE'RE THRILLED TO HAVE THIS CONVERSATION WITH YOU. THIS IS A BEGINNING OF A CONVERSATION THAT WILL END IN APRIL. BUT I MEAN, WE'RE HERE TO HAVE AN IMPACT. WE'RE HERE TO DELIVER LEARNING AND DISCOVERY FOR THE STATE IN HOW BEST TO ALLOCATE OUR RESOURCES TO THAT. AND HOW DO WE JUDGE IT? AND IN MY VIEW, WE NEED TO BE JUDGING THE ULTIMATE IMPACT. AND WE'RE GOING TO BRING SOME SLIDES THAT WILL BEGIN THIS CONVERSATION THAT TODD IS GOING TO TALK ABOUT THAT'LL MAKE US HAVE A LITTLE BIT OF CRITICAL THINKING FROM THAT EARLIER GROUP ABOUT JUST HOW YOU THINK ABOUT BUDGETS. SO I'M LOOKING FORWARD TO THE CONVERSATION. I'M LOOKING FOR THE PRESENTATIONS BY EACH OF THE UNITS. OK, SO I'LL GO AND GET STARTED. OK. SO THANK YOU AND EMILY IS DRIVING THE SLIDES OVER THERE, SO THANK YOU TO HER. SO THE CU BUDGET IS REALLY ABOUT DELIVERING VALUE TO OUR STUDENTS. AND SO WE WANTED TO JUST START WITH WITH WITH THE OUTCOME THAT WE'RE ALL WORKING TOWARD. AND SO. WELL, WHAT WE WANTED TO TALK TO YOU A LITTLE BIT ABOUT ARE JUST THE DIFFERENT WAYS [04:30:03] THAT WE LOOK AT LOOK AT WHAT WE DO THROUGH THIS VALUE LENS. SO THE ONE THAT WE'VE TALKED YOU KNOW, WE TALKED A LOT TODAY ABOUT WORKFORCE ALREADY. SO IF WE YOU KNOW, SO ONE OF THE GOALS IS TO GET A JOB AND GET PAID. AND SO AS WE'VE SEEN THIS SLIDE BEFORE, WE KNOW THAT WHEN OUR STUDENTS GET GET THEIR DEGREE AND GET INTO THE WORKFORCE, THEY THEY DO REALLY WELL. AND SO THIS SLIDE, WHICH YOU'VE SEEN BEFORE, SHOWS JUST THE THE INCOME THAT STUDENTS WILL BE EARNING ON AVERAGE OVER THEIR FIRST 10 YEARS IN THE WORKFORCE AND THE AMOUNT OF DEBT ON AVERAGE THAT STUDENTS WHO HAVE DEBT GRADUATE WITH. AND SO OBVIOUSLY, WHEN STUDENTS GET GET JOBS AFTER THEY GRADUATE FROM YOU, THEY REALLY CAN. IT DOES SHOW THAT IT'S A GOOD VALUE IN THAT IT'S WELL WORTH IT WHEN IT COMES TO PAYING OFF THEIR DEBT. OVER HALF OF OUR STUDENTS DON'T EVEN HAVE DEBT WHEN THEY GRADUATE. THE OTHER ONE, THE OTHER WAY TO LOOK AT THIS IS JUST THE VALUE OF OUR DEGREES. AND SO WHEN YOU WHEN YOU CLICK ON THE VALUE OF DEGREE, YOU CAN SEE OVER TIME. THIS IS FROM A STUDY FROM GEORGETOWN. AND PRESIDENT KENNEDY HAD THE IDEA TO PUT ALL OF THIS UNLIKE A LITTLE PLOT AND WHAT WE CAN SEE IS THAT INSTITUTIONS IN COLORADO ON THE ON THE VERTICAL AXIS, YOU SEE THE THE THE NET OR THE COST OF THE DEGREE COMING FROM THE INSTITUTIONS IN COLORADO. AND ON THE HORIZONTAL AXIS, YOU SEE THE VALUE OF THAT DEGREE OVER TIME FOR THE GRADUATES. AND WHAT WE SEE IS THAT THE INSTITUTIONS THAT HAVE THE HIGHEST VALUE ARE SOMETIMES A LITTLE BIT MORE EXPENSIVE, BUT STILL QUITE AFFORDABLE. WHEN YOU LOOK AT IT THROUGH THE VALUE LENS, IN THE HIGHEST VALUE INSTITUTIONS ARE THE ONES THAT WHERE YOU'RE GOING TO BE EARNING THE MOST OVER OVER YOUR LIFETIME. I WOULD JUST ADD THAT KELLY BRUFF MADE THE COMMENT THAT PERHAPS WE OUGHT TO DO MORE INCOME SHARE. TAKE A PIECE OF THE FUTURE INCOME OF OUR STUDENTS IN EXCHANGE FOR WHAT WE COST. WHEN YOU SEE THE LAST TWO SLIDES, WE DELIVER A GREAT VALUE. AND SO WE NEED TO FOCUS ON THE VALUE WE'RE DELIVERING, MAXIMIZING THAT. AND THE LAST SLIDE SHOWS THAT MINIMIZING THE COST IS NOT ALWAYS THE PATH TOWARDS MAXIMIZING VALUE. WE NEED TO BE MORE EFFICIENT EACH AND EVERY DAY, BUT WE ALWAYS NEED TO KEEP OUR EYE ON THE BALL OF DELIVERING VALUE FOR OUR STUDENTS, DELIVERING IMPACT FOR OUR STATE. SO WHEN IT COMES TO STUDENT COSTS, WHAT WE SEE THERE IS SOMETHING THAT WE'VE SEEN OVER TIME IS THAT THE UNIVERSITY IS REALLY INVESTING IN FINANCIAL AID TO TRY TO MAKE SURE THAT STUDENTS CAN AFFORD TO SEE YOU. EDUCATION AND THE CAMPUSES ARE CONTINUING TO INVEST IN FINANCIAL AID. AND THEN LASTLY, WHEN IT COMES TO GRADUATION IN TIME, TO DEGREE, WE KNOW THAT THIS IS AN INCREDIBLE PRIORITY FOR THE BOARD AND FOR AND FOR THE CHANCELLORS. AND IT'S AN IMPORTANT PART OF OUR STRATEGIC PLANNING PROCESS. AND WE ARE TRACKING TIME TO DEGREE FOR ALL STUDENTS AND BY STUDENT TYPE AS CU. AND IT'S AN AREA WHERE WE'RE REALLY FOCUSING TO TRY TO MAKE PROGRESS. OK, SO THE NEXT SLIDE IS EFFICIENCY. SO WHEN WE'RE TALKING ABOUT THE BUDGET, ONE OF THE THINGS THAT WE FOCUS MOST ON IS BEING EFFICIENT AND WE HAVE TO BE EFFICIENT WHEN IT COMES TO STATE FUNDING AS WE KNOW HIGHER IT PER STUDENT FUNDING FOR ALL THE INSTITUTIONS IN COLORADO HAS BEEN DECLINING OVER TIME. THE STATE HAS DONE A REALLY GOOD JOB OF TRYING TO REINVEST IN HIGHER EDUCATION OVER THE LAST FEW YEARS. BUT THE REALITY IS, IS THAT WHEN YOU LOOK AT STATE FUNDING COMPARED TO THE YEAR 2000, THE PER STUDENT FUNDING THAT CU GETS FOR COLORADO STUDENTS IS DECLINING BY OVER 50 PERCENT. AND THAT'S IN LARGE PART DUE TO STATE THE STATE NOT HAVING THE RESOURCES TO KEEP UP. BUT ALSO OUR ENROLLMENT GOING UP. AND SO THERE'S ALSO A GOOD NEWS STORY EMBEDDED IN THAT SLIDE BECAUSE BECAUSE WE'RE ENROLLING MORE STUDENTS AT THE UNIVERSITY OF COLORADO. SO THE OTHER BIG PIECE OF THAT, OF COURSE, IS KEEPING OUR OPERATING EXPENSES LOW. AND SO YOU ALL HAVE SEEN THIS SLIDE BEFORE. THIS IS A CU BOULDER SLIDE, BUT WE COULD DO A SLIDE LIKE THIS FOR EACH OF OUR CAMPUSES. THAT SHOWS THE OPERATING EXPENSES PER STUDENT COMPARED TO PEERS. AND THERE IS A LOT OF DISCUSSION OF. AND YOU HAVE SEEN THIS SLIDE BEFORE ABOUT PURDUE. AND YOU CAN SEE HERE THE CU BOULDER IS IN THE SIXTH PERCENTILE WHEN IT COMES TO OPERATING EXPENSES PER STUDENT COMPARED TO PEERS, WHEREAS PURDUE IS IN THE SIXTY FIRST PERCENTILE. SO WE HAVE A LOT TO BRAG ABOUT. THERE IS A SUCH THING AS BEING TOO LOW WHEN IT COMES TO OPERATING EXPENSES PER STUDENT. AND FOR EXAMPLE, YOU KNOW, WE DON'T HAVE THE RESOURCES TO PROVIDE FINANCIAL AID IN THE WAY SOME OTHER INSTITUTIONS DO. AND THEN LASTLY ON THIS SLIDE IS EFFICIENCIES. SO WE'RE GOING TO BE SENDING TO YOU ALL VERY, VERY SHORTLY THAT OUR LATEST [04:35:03] EFFICIENCIES REPORT HERE. YOU SEE THAT, YOU KNOW, AS YOU KNOW, WE TRACK EFFICIENCIES ON EACH CAMPUS EVERY YEAR AND THEN WE REPORT TO YOU ANNUALLY. OVER THE LAST FEW YEARS, WE'VE WE'VE ACHIEVED OVER 200 MILLION DOLLARS OF EFFICIENCIES ON EACH OF OUR CAMPUSES. AND WE'LL PROVIDE THAT REPORT TO YOU IN THE NEXT COUPLE OF DAYS. BUT OF COURSE, WE HAVE GROWING NEEDS. AND SO HERE ARE JUST A FEW OF THE THINGS THAT WE'VE BEEN TALKING ABOUT RECENTLY THAT ARE REALLY EMERGING NEEDS OR HISTORIC NEEDS THAT WILL REQUIRE A LOT OF RESOURCES. SO EVEN WITH THE BUDGET REQUEST THAT WE'RE PRESENTING TO YOU, WE'RE GOING TO HAVE TO REARRANGE RESOURCES INTERNALLY TO ADDRESS THESE NEEDS, BECAUSE THE BUDGET REQUESTS WE'RE PRESENTING ESSENTIALLY WILL MEET THE INFLATIONARY AND KIND OF STATUS QUO COSTS THAT ALL OF OUR CAMPUSES. BUT TO MAKE PROGRESS ON A LOT OF THESE THINGS, WE'RE GOING TO EITHER NEED TO IDENTIFY NEW REVENUE REVENUE SOURCES OR IDENTIFY NEW EFFICIENCIES INTERNALLY. AND THE CAMPUSES ARE ACTIVELY WORKING ON THAT EVERY DAY. I WOULD JUST GO BACK TO THAT SLIDE. WE'RE PUSHING HARD TO HAVE JUST AN INFLATIONARY INCREASE, BUT ALL OF THESE COSTS ARE GOING TO GO UP AND WE HAVEN'T BEEN FULLY ADDRESSING. SO WE'RE STILL GOING TO NEED TO BE HAVING VERY SIGNIFICANT EFFICIENCIES THAT WE'RE FINDING SAVINGS THAT WE'RE FINE IN ORDER TO MEET THESE NEEDS WITH AN INFLATIONARY INCREASE. OK, THE NEXT ONE. AND REAL QUICK. CAN I JUST SAY. PRESIDENT KENNEDY, IN TERMS OF THE LANGUAGE YOU USE OR WE USE. I WOULD SAY INFLATIONARY ADJUSTMENT BECAUSE IN REAL DOLLARS, IT'S NOT REALLY AN INCREASE DEPENDING ON. AND I KNOW YOU KNOW THAT. BUT I THINK THAT'S SOMETHING WE SHOULD MESSAGE BETTER TO THE PUBLIC. I THINK THAT'S PROBABLY RIGHT. I MEAN, WE'RE NOT GETTING ANY MORE RESOURCES THAN WE HAD LAST YEAR YET. THE NEEDS THAT WE'RE TRYING TO MEET ARE GROWING UP. AND SO WE'RE GONNA BE HAVING TO CONSTANTLY BE MORE EFFICIENT, EVEN WITH AN INFLATIONARY ADJUSTMENT. WITHOUT THAT, IT'S GOING TO HARM OUR REAL ABILITY TO DELIVER ON THE TALENT AND THE DISCOVERY THAT THE STATE NEEDS AND THAT OUR STUDENTS NEED IN ORDER TO SUCCEED IN THEIR LIVES. AND WE HAVE AN UNCERTAIN FUTURE. WE HEARD THAT FROM OUR PANEL TODAY. YOU KNOW, WE DON'T WE. THE ONE THING WE KNOW FOR SURE IS THAT WE DON'T KNOW EVERYTHING FOR SURE. AND SO AS WE LOOK INTO THE FUTURE, WE HAVE A LOT OF THINGS ON THE HORIZON THAT REQUIRE US TO DO THINGS DIFFERENTLY, WHICH IS WHAT OUR BUDGET IS DESIGNED TO DO. SO WHEN YOU LOOK AT LIMITED STATE FUNDING, YOU KNOW, THIS IS SOMETHING WE ALL KNOW ABOUT, THAT COLORADO'S 48TH IN THE NATION WHEN IT COMES TO STATE FUNDING FOR HIGHER EDUCATION. WHEN YOU GO TO THE NEXT SLIDE AND YOU LOOK AT THE STUDENT PIPELINE, WE KNOW THAT THAT WE ARE DUE FOR A SLOW GROWTH AND ACTUALLY A NEGATIVE WHEN IT COMES TO HIGH SCHOOL GRADUATES. AND SO COMPETITION FOR THE HIGH SCHOOL GRADUATES IN COLORADO IS GOING TO BECOME MORE SIGNIFICANT. BUT WE'RE STILL GOING UP. AS YOU CAN SEE, A LOT OF A LOT OF STATES HAVE ACTUALLY HAD A DECLINE IN THE NUMBER OF HIGH SCHOOL GRADUATES ALREADY, WHICH HAS RESULTED IN THE NEXT SLIDE, WHICH IS COMPETITION. SO YOU MIGHT RECOGNIZE THIS SLIDE FROM A PRESENTATION THAT BOULDER DID A WHILE BACK, THAT THESE ARE THESE ARE THE INSTITUTIONS THAT HAVE RECRUITING OFFICES RIGHT HERE IN COLORADO. MY GUESS IS THAT NEXT YEAR THERE WILL BE THAT NUMBER OF 49 WILL INCREASE BY A BIT BECAUSE WE STILL HAVE GRADUATES AND HIGH SCHOOL GRADUATES AND THEY'RE VERY ATTRACTIVE TO OTHER INSTITUTIONS BECAUSE THEY HAVE THEY CAN AFFORD TO RECRUIT THEM. AND THEN LASTLY, IT'S SOMETHING THAT WE'VE ALREADY TALKED ABOUT TODAY. AND PRESIDENT KENNEDY TALKS A LOT ABOUT HIS CHANGING DEMOGRAPHICS. ALL OF OUR GROWTH OVER THE LAST WHILE HAS BEEN IN COMMUNITIES THAT ARE FROM UNDERREPRESENTED MINORITIES, PELL RECIPIENTS AND STUDENTS OF COLOR. AND SO WE NEED TO MAKE SURE THAT WE'RE DOING WHAT WE NEED TO DO TO EDUCATE ALL OF COLORADO, BECAUSE THAT'S WHAT THAT'S WHAT OUR JOB IS AND THAT'S WHAT WILL BE REQUIRED TO MEET THE FUTURE WORKFORCES IN OUR STATE. SO AS WE GET INTO THE BUDGET ITSELF, AS YOU KNOW, WE HAVE THREE BUDGET SCENARIOS EVERY YEAR. THIS YEAR WE'RE FOCUSING ON SCENARIO C. SO JUST KIND OF THE NUTS AND BOLTS OF SCENARIO C ARE IT ASSUMES A 6 PERCENT STATE FUNDING INCREASE. SCENARIO B IS ACTUALLY THE GOVERNOR'S BUDGET REQUEST, WHICH INCLUDED A TWO AND A HALF PERCENT STATE FUNDING INCREASE. SCENARIO C ASSUMES A 3 PERCENT TUITION INCREASE FOR A RESIDENT UNDERGRADUATE STUDENTS AND FOR MOST STUDENTS AT THE CAMPUSES. AND AND THEN YOU CAN SEE THE THE COMPENSATION ASSUMPTIONS AND SCENARIO C AND THOSE [04:40:06] INCLUDE A 3 PERCENT COMPENSATION INCREASE FOR ALL CLASSIFIED STAFF BECAUSE THAT HAS BEEN APPROVED BY THE STATE, A 3 PERCENT INCREASE FOR FACULTY AND EXEMPT STAFF AT CU BOULDER AND ANSCHUZE AND A 1 PERCENT INCREASE FOR FACULTY AND EXEMPT STAFF AT CU DENVER AND UCCS. SO WE'VE BEEN WE GET QUESTIONS ALONG THE WAY, WELL, WHAT WOULD THE IMPACT BE IF WE KEPT TUITION FLAT OR STATE FUNDING WAS KEPT FLAT? I WON'T GO THROUGH THESE THESE BULLETS BECAUSE YOU'VE HEARD THEM BEFORE, BUT THESE ARE THE YEARS. BUT WE WANTED TO PROVIDE A LITTLE BIT OF INFORMATION ABOUT WHAT THE IMPACT WOULD BE AT ALL OF OUR CAMPUSES. THE IMPACTS WOULD BE SLIGHTLY DIFFERENT ON EACH CAMPUS, BUT THIS IS WHAT IT WOULD LOOK LIKE GENERALLY. AND WITH THAT, I'M HAPPY TO ANSWER ANY QUESTIONS THAT I WOULD LIKE TO KICK IT OFF. KICK IT OVER TO THE CFO'S FROM THE CAMPUSES AND THEY'LL WALK YOU THROUGH THEIR BUDGETS. I JUST HAVE A COUPLE OF COMMENTS. WHAT YOU SHOWED HERE IS NOT MUCH DIFFERENT THAN IT'S BEEN FOR THE LAST COUPLE OF YEARS. THERE'S NEVER ENOUGH MONEY. THE STATE DOESN'T KNOW WHAT IT'S GOING TO DO WITH US. THE FUTURE HAS BEEN UNCERTAIN FOREVER. EVERY YEAR, WHETHER IT'S 2 PERCENT, 3 PERCENT OR MORE IN SOME YEARS, OUR COSTS CONTINUE TO GO UP. WE'RE WORKING ON A STRATEGIC PLAN. WE HAD A FORUM HERE TODAY TO TRY TO FIGURE OUT WHAT OUR STRATEGIC ISSUES ARE AND WHAT'S GOING TO DRIVE THIS UNIVERSITY INTO THE NEXT FIFTEEN OR TWENTY YEARS AT SOME POINT IN TIME. I THINK WE NEED TO REALIZE KIND OF WHAT WE'RE UP AGAINST. I'VE NOT SEEN A GRADUATION RATE HAS GONE UP CONSIDERABLY OVER THAT PERIOD OF TIME. SO I THINK THAT WHAT WE NEED TO DO IS NOT ONLY REALIZE WHERE WE'RE AT, BUT WE ARE GOING TO NEED TO DO SOME THINGS DIFFERENTLY IN ORDER TO MAKE SURE THAT WE HAVE ENOUGH MONEY AS WE GO FORWARD. AND, YOU KNOW, EVERY YEAR I GET TIRED OF SEEING THAT WE'RE 48 AND THE STATES NOT GOING TO DO WHATEVER. BUT IT'S REALLY UP TO US TO CHANGE THAT DYNAMIC. AND BECAUSE WE HAVE FOUR CAMPUSES, SIXTY FIVE THOUSAND OR SO STUDENTS TO GRADUATE, AND WE'VE GOT TO FIND OUT HOW TO DO THAT WITHOUT WITHOUT. AND THIS IS GOING TO SOUND GOOD WITHOUT US MAKING THE EXCUSES THAT WE MAKE. THAT'S WHERE WE'RE AT. I THINK THERE'S A REALLY GOOD POINTS IN IT PERFECTLY TEES UP THE DENVER CAMPUS BUDGET PRESENTATION, BECAUSE THEY HAVE THEY'RE EXACTLY TACKLING EXACTLY WHAT YOU'RE TALKING ABOUT. AND I THINK THAT THEY HAVE A LOT TO SHARE WITH YOU ON THAT FRONT. SO IF. IS IT GOOD TO TRANSITION? MY QUESTION. IT WASN'T A QUESTION. IT'S MORE OF A STATEMENT. IT DOESN'T NEED TO BE ANSWERED. I'M REAL FAMILIAR WITH WHERE WE'RE AT. AND I'M IN AGREEMENT WITH IT. BUT I THINK SOMETIMES OUR THINKING HAS TO CHANGE JUST A LITTLE BIT. RIGHT. WE NEED TO EVOLVE. FOR SURE. OK. I'LL KICK IT OVER TO JENNIFER. OH, CAN I. I'M SORRY. BEFORE I DO. SO YOU'RE GOING TO SEE A NEW FACE UP HERE IN JUST A COUPLE OF MINUTES AND AND PHIL YOU WANT TO INTRODUCE CARLA? WE WANTED TO JUST INTRODUCE THE NEW PERSON WHO YOU'RE GONNA BE SEEING. JUST VERY QUICKLY. IT'S MY PLEASURE TO INTRODUCE CARLA HALL. CARLA, PLEASE STAND. CARLA IS OUR VISE CHANCELLOR AND BUDGET AND FINANCE OUR CFO. AND IF YOU REMEMBER FROM LAST SPRING, WE MOVED KELLY FOX'S POSITION TO A CHIEF OPERATING OFFICER AND WE PROMOTED CARLA. AND THIS IS CARLA'S FIRST REGENT MEETING WHERE SHE WILL BE PARTICIPATING AS OUR CHIEF FINANCIAL OFFICER. AND NEXT WEEK, SHE'LL HAVE THE PLEASURE OF REPORTING TO PATRICK O'ROURKE. BUT CARLA, WELCOME. THANK YOU. AND EMILY, CAN I DO MY OWN SLIDES FROM HERE? OK. THANK YOU. BEFORE YOU GET STARTED, I JUST WANT TO MAKE MENTION WE DO WANT TO MOVE THROUGH THIS AS EFFICIENTLY AS WE CAN. SO I KNOW TODD HAS MET WITH ALL OF US PRIOR TO WE'VE HAD THE OPPORTUNITY TO ASK OUR QUESTIONS. WE WILL MEET AGAIN WITH TODD PRIOR TO THE APRIL BOARD MEETING. SO LET US BE ECONOMIC WITH OUR QUESTIONING AND EFFICIENT WITH OUR SLIDING. CAPTAIN. [LAUGHING] WELL, WHAT I WAS GOING TO SAY TO YOU IS I HAVE A 25 MINUTE PRESENTATION PREPARED FOR YOU. BUT AS MY VALENTINE'S DAY GIFT TO YOU, I'M GOING TO TRY AND KEEP IT TO ABOUT [04:45:03] HALF OF THAT OR MAYBE EVEN A LITTLE BIT BETTER THAN THAT. I DO HAVE A LOT I WOULD LIKE TO GO THROUGH WITH YOU BECAUSE I KNOW THAT YOU ALL HAVE A LOT OF QUESTIONS. I DID INTEGRATE YOUR QUESTIONS INTO MY SPEAKING POINTS. I'LL TRY PULL SOME OF THOSE OUT AND NOT ANSWER THOSE JUST FOR THE SAKE OF TRYING TO BE A LITTLE BIT MORE BRIEF. BUT I'LL DO THE BEST THAT I CAN AND YOU ALL LET ME KNOW IF I'M GIVING YOU TOO MUCH OR TOO LITTLE. OK. ALL RIGHT. FIRST, I WANT TO THANK MY TEAM, WHO I'M LUCKY IS ACTUALLY HERE TODAY WITH ME SINCE WE'RE AT CU DENVER. I HAVE A FABULOUS TEAM, THE BUDGET OFFICE, TODD TOBIN, DANIELLE AND [INAUDIBLE] AND GABE AND RAYNA. I'VE JUST HAD THESE AMAZING PEOPLE WHO SUPPORT THE ENTIRE INSTITUTION AND ALL THAT WE DO. AND I WANT TO THANK THEM FOR THIS, BECAUSE IT HASN'T JUST BEEN TO PREPARE FOR THIS PRESENTATION. IT'S ACTUALLY BEEN TO MANAGE THE SITUATION THAT WE'RE IN. AND THESE PROFESSIONALS ARE INCREDIBLE. AT THE SAME TIME, I WANT TO ACKNOWLEDGE THE DEANS, THE CHANCELLORS ADVISORY COMMITTEE ON BUDGET, AS WELL AS OUR EXECUTIVE BUDGET COMMITTEE, WHO ARE A PART OF THE PAST NINE MONTHS OF REALLY GETTING TO THE POINT WHERE WE ARE HERE TO BE ABLE TO TALK ABOUT OUR REVENUE SHORTFALL AND WHAT WE'RE DOING ABOUT THAT. I'M NOT GOING TO JUMP INTO THE SLIDES JUST YET BECAUSE THEY'RE REALLY FANCY AND THEY'RE REALLY COOL. AND I THINK YOU'RE GONNA LIKE THEM. BUT I WANTED INSTEAD JUST TEE UP EVERYTHING AND THEN WE'LL QUICKLY GO THROUGH THE SLIDES WHERE ALL THE NUMBERS ARE. SO AS YOU ALL KNOW, WE HAVE A SHORTFALL THIS YEAR IN OUR REVENUE DUE TO AN ENROLLMENT SHORTFALL. OUR FALL 2019 SHORTFALL IS 1.9 PERCENT FALL OVER FALL, WHICH TRANSLATES INTO A 2.2 PERCENT SHORTFALL IN OUR BUDGET. NOW, TO PUT THIS INTO CONTEXT, AND TODD DID SOME OF THIS, BUT I JUST WANT TO REPEAT A COUPLE OF OTHER DETAILS. IS THAT THE NATION HAS BEEN SEEING ENROLLMENT DECLINES OVER THE PAST FIVE YEARS. AND HERE IN COLORADO. MANY OF OUR SISTER INSTITUTIONS ACROSS THE STATE HAVE BEEN EXPERIENCING ENROLLMENT DECLINES FOR THE PAST FIVE YEARS. SOME OF THEM FROM 9 PERCENT DECLINE TO 22 PERCENT, INCLUDING SOME OF OUR REALLY GOOD PARTNERS LIKE UNC AND MSU DENVER AND CSU PUEBLO. DURING THAT SAME PERIOD, CU DENVER HAS SEEN A 4 PERCENT INCREASE AND ACTUALLY ALL OF THE CU CAMPUSES HAVE SEEN INCREASES OVER THAT TIME. NOW, TO NARROW THAT DOWN TO LAST FALL, TO THIS FALL, WE'VE EXPERIENCED A 1.9 PERCENT DECLINE IN ENROLLMENT AND SOME OF OUR PARTNER INSTITUTIONS LIKE MSU FELL 2 PERCENT AND UNC FELL 4.2 PERCENT. SO I JUST WANT TO GIVE YOU A LITTLE BIT OF CONTEXT AS WE GO INTO THIS CONVERSATION. AND YOU'RE PROBABLY ASKING, WELL, THEN, WHAT'S DRIVING THIS SHORTFALL FOR US IN THIS PARTICULAR YEAR? AND WE DID BRING IN OUR SECOND LARGEST FIRST YEAR CLASS IN THE FALL OF THIS YEAR. AND SO WHAT'S REALLY THE PRIMARY REASON THAT WE SAW THE DECLINE IN ENROLLMENT WAS A DECLINE IN OUR CONTINUING STUDENTS FROM OUR LARGEST FRESHMAN CLASS THAT CAME IN THE PRIOR YEAR. WE ALSO SAW A CHANGE IN THE MIX OF OUR STUDENTS, WHICH ALSO CHANGES THE REVENUE. JUST BECAUSE WE CHARGE DIFFERENT TUITION RATES. I DID GET A QUESTION ABOUT OUR OUR TUITION RATES. PART OF THE REASON THAT OUR ENROLLMENT IS DECLINING. I'LL GO AHEAD AND ANSWER THAT UNLESS YOU TELL ME TO SKIP THAT AND KEEP GOING. OK. AS I MENTIONED, A BIG PART OF OUR DECLINE WAS IN CONTINUING STUDENTS. BUT WE DID LOOK INTO TO BETTER UNDERSTAND IF OUR TUITION RATES, IF WE'VE KIND OF MAX THAT OUT AND IF THAT'S GOING TO BE A PROBLEM FOR US GOING FORWARD. IT TURNS OUT THAT WHEN WE STUDIED WHERE OUR STUDENTS WHO WERE ADMITTED TO SEE YOU, DENVER, GO, WHEN THEY DON'T COME HERE, THEY GO TO CU BOULDER, THEY GO TO CSU FORT COLLINS, AND THEY GO TO DU. SO WHILE THEY HAVE EITHER COMPARABLE OR HIGHER TUITION RATES THAN WE DO, I THINK THE DIFFERENCE IS THAT WE DON'T OFFER AS LARGE OF INSTITUTIONAL AID PACKAGES TO OUR STUDENTS JUST BECAUSE OF OUR OUR BUDGET SITUATION. NOW, YOU ALL KNOW THAT ONE OF THE CU REGION METRICS IS TO INCREASE OUR INSTITUTIONAL FINANCIAL AID. AND YOU KNOW THAT WE'VE BEEN DOING A REALLY GOOD JOB OF THAT SINCE 2016. WE'VE INCREASED OUR FINANCIAL AID TO STUDENTS BY 44 PERCENT. ANOTHER PIECE TO ADDRESS IS THAT OUR TRANSFER STUDENTS ARE REALLY IMPORTANT TO US AND THAT IN ANY GIVEN YEAR, ALMOST HALF OF OUR NEW STUDENTS HAVE TRANSFERRED FROM A COMMUNITY COLLEGE OR FOUR YEAR INSTITUTION. AND SO FOR US, WE WANT TO GROW THE PIPELINE OF STUDENTS. AND WE HAD JUST PUT INTO PLACE THE CCCS TRANSFER PROMISE. AND WE'RE SUPER EXCITED ABOUT THAT BECAUSE WE HOPE THAT THIS WILL ENCOURAGE MORE COMMUNITY COLLEGE STUDENTS WHO HAVE GRADUATED FROM THEIR COMMUNITY COLLEGE OR HAVE 45 OR MORE CREDIT HOURS WILL TRANSFER TO CU DENVER. [04:50:05] THEY ARE A HUGE PART OF OUR SUCCESS AND A REALLY BIG PART OF HOW WE THINK ABOUT TOTAL ENROLLMENT. NOW, I WANT TO HONE IN ONTO OUR FINANCIAL CONTEXT, BECAUSE I THINK IT'S REALLY IMPORTANT FOR ALL OF YOU TO UNDERSTAND THE FINANCIAL CONTEXT HERE AT C.U. DENVER. WE ARE IN A MUCH STRONGER SITUATION THAN WE WERE TO BE ABLE TO WEATHER THIS SHORTFALL THAN WE WERE BACK WHEN CHANCELLOR HARRELL ARRIVED BACK IN EARLY 2016. AND I THINK THAT THIS CHANGE IN OUR FINANCIAL SUSTAINABILITY HAS BEEN A HALLMARK OF HER LEADERSHIP AND IS REALLY A LEGACY OF WHAT SHE'S DONE HERE. AND CU DENVER, WHEN SHE ARRIVED, WE NEEDED FINANCIAL ASSISTANCE TO BE ABLE TO EVEN PROVIDE ONE TIME INCREASES IN SALARY. THEY WEREN'T EVEN ONGOING RAISES. WE HAD AN ENROLLMENT CONTINGENCY OF $600000 AND WE HAD A DEFERRED MAINTENANCE RESERVE OF $40000. AS WE COME INTO FALL OF 2019, OUR ENROLLMENT CONTINGENCY AND THIS WAS ONE OF THE CU METRICS THAT WE FOCUSED ON SO MUCH, THE REGENT METRICS. OUR ENROLLMENT CONTINGENCY WAS UP TO $8.9 BILLION DOLLARS. OUR DEFERRED MAINTENANCE RESERVE WAS UP TO FOUR MILLION DOLLARS. AND WE ARE PROPOSING EVEN DURING THIS SHORTFALL TO BE ABLE TO DO A 1 PERCENT ONGOING RAISE. AND SO ONE THING I WANT TO EXPLAIN IS A HISTORICALLY WE'VE LIVED ON WHAT OUR PROVOS LIKES TO CALL THE RAZOR'S EDGE OR THE KNIFE'S EDGE. AND BY THAT I MEAN THAT WE HAVE FOLLOWED BOWIN'S THEORY ALMOST TO THE POINT OF TURNING IT INTO BOWIN'S LAW, WHERE WE ARE BUDGETING ALL OF THE REVENUE THAT WE TAKE IN. AND THIS IS SOMETHING THAT I WISH REGENT CARSON WERE HERE TODAY, BECAUSE THIS IS SOMETHING THAT HE HAS TALKED ABOUT A LOT, IS HOW DO WE THEN THE COST CURVE AND NOT BUDGET ALL OF THE REVENUE THAT WE BRING IN. AND SO I FEEL LIKE THAT BY REALLY WORKING TO PULL OURSELVES OFF OF THIS RAZOR'S EDGE WHERE EVEN A SMALL INCREASE OR DECREASE IN ENROLLMENT CAN MAKE A HUGE DIFFERENCE IN OUR BUDGETS, THE WAY TO DO THAT IS TO REALLY RECALIBRATE. AND I THINK THIS IS WHAT YOU WERE TALKING ABOUT. REGENT GALLEGOS IS FOR US TO REALLY THINK ABOUT HOW CAN WE CREATE A MORE FINANCIALLY SUSTAINABLE INSTITUTION SO THAT WHEN WE HAVE THESE TYPES OF FLUCTUATIONS, WE DON'T HAVE TO TAKE THESE TYPES OF REDUCTIONS AND STOP INVESTING IN OUR STRATEGIC PRIORITIES. GOING TO GIVE YOU A COUPLE THE NUMBERS THAT YOU'LL SEE IN THE SLIDES WHEN WE GET TO THOSE. BUT THE NUMBERS ARE OUR REDUCTION THIS YEAR. OUR TARGET REDUCTION FOR THIS YEAR IS $5 MILLION. AND FOR NEXT YEAR, BECAUSE OF MANDATED COST INCREASES, IT'S ANOTHER 2.6 MILLION, WHICH IS A TOTAL OF 7.6 MILLION DOLLARS. YOU'LL SEE IN THE SLIDES THAT WE'RE LOOKING LIKE WE MIGHT COME IN AT ABOUT A REDUCTION NEED FOR 4.6 MILLION THIS YEAR. BUT I DON'T WANT TO MAKE THOSE. I DON'T WANT TO MAKE THAT SOLID UNTIL WE GET THROUGH THE ENTIRE ACADEMIC YEAR. THE WAY THAT WE'RE GOING TO BE DOING THIS IS IN THE FIRST YEAR. WE'RE GOING TO TAKE HALF OF THAT MONEY FROM OUR ONETIME RESERVES. THE ENROLLMENT CONTINGENCY THAT WE CREATED WITH THE LEADERSHIP OF THE BOARD OF REGENTS AND THEN BEGIN TO BIG CHIP AWAY AT THE ONGOING REDUCTIONS. WE'LL DO TWO AND A HALF MILLION OF ONGOING REDUCTIONS THIS YEAR BY CHOOSING TO TAKE THE TIME TO REALLY BE THOUGHTFUL ABOUT THE WAY THAT WE DO THESE REDUCTIONS. IT'S ALLOWING OUR DEANS AND OUR VISE CHANCELLORS TO BE REALLY STRATEGIC WITH THOSE REDUCTIONS. AND THAT'S THE USE OF THAT 2.5 MILLION IN ONE TIME MONEY IS TO BUY US TIME. I'M GOING TO SKIP. A WHOLE NOTHER PIECE OF THIS, IT WILL COME BACK TO. IF YOU HAVE QUESTIONS ABOUT ANY OF THESE PIECES. SO I WANT TO TALK TO YOU A LITTLE BIT ABOUT HOW WE ARE, HOW WE'RE MANAGING THIS FIRST CULTURALLY AS AN INSTITUTION AND THEN ON HOW WE'RE MANAGING THIS IN THE STRATEGIES AND THE TACTICS THAT WE'RE TAKING. SO CULTURALLY, AS YOU ALL PROBABLY KNOW, IN OCTOBER OF TWENTY SEVENTEEN, WE CREATED THE AND ADOPTED THE INCENTIVE BASED BUDGET MODEL. WHAT THIS DID IS IT REALLY ALLOWED US TO START TO BEND THAT COST CURVE THAT REGENT CARSON TALKS ABOUT SO MUCH RIGHT AWAY WHEN WE STARTED TO NOT ADHERE TO BOWIN'S THEORY ANYMORE AND INSTEAD NOT USE ALL OF OUR REVENUE THAT COMES IN FOR EXPENSES. THIS ACTUALLY BRINGS DOWN THE PRESSURE ON THE ONGOING COST INCREASES OF THE INSTITUTION. AND THIS WAS A DECISION THAT WAS MADE BY THE ENTIRE CHANCELLORS ADVISORY COMMITTEE ON BUDGET. AND THAT TOOK ALL OF THE DEANS, THE CABINET AND ALL OF OUR SHARED GOVERNANCE LEADERS TO COME TOGETHER. AND MAKE THESE DECISIONS TOGETHER. WE CREATED A MANTRA THAT WE CALL GROWING REVENUE, CONTAIN COSTS AND REALLOCATE [04:55:03] RESOURCES TO OUR HIGHEST PRIORITIES. YOU'LL HAVE HEARD ME SAY THAT EVERY YEAR DURING THIS PRESENTATION. BUT I WILL SAY THAT THE REASON THAT THIS MANTRA IS SO IMPORTANT TO US AND IT'S ESPECIALLY IMPORTANT IN TIMES LIKE NOW WHEN WE ARE HAVING TO MAKE BUDGET REDUCTIONS, IS BECAUSE WE WANT CU DENVER TO THRIVE. WE HAVE FABULOUS STUDENTS, FACULTY AND STAFF, AND WE WANT TO INVEST IN ALL OF THEM. BUT WE HAVE TO GET OFF OF THAT RAZOR'S EDGE TO GET OFF OF THIS UNSURE FOOTING TO BE ABLE TO MAKE THESE INVESTMENTS GOING FORWARD. LET ME TALK A LITTLE BIT ABOUT OUR STRATEGIES AND OUR TACTICS TO BE ABLE TO DO THIS. JENNIFER? YES. WE'RE GONNA HAVE TO MOVE IT ALONG. OK, SO WE'RE GOING TO GROW REVENUES, CONTAIN COSTS AND REALLOCATE RESOURCES. AND I HAVE A LOT OF DETAILS THAT I CAN PROVIDE FOR YOU ON ALL OF THOSE. WE HAVE SO MANY PEOPLE IN THIS ROOM HERE INVOLVED IN SOME OF THE FOUNDATIONAL WORK TO BE ABLE TO DO THAT. YOU HEARD ABOUT IT AT OUR LUNCH YESTERDAY. AND SO I WILL NOT GO THROUGH THOSE DETAILS. AND INSTEAD I'LL JUST FLIP THROUGH THESE LITTLE SLIDES AND THEY'RE REALLY FUN. SO THIS IS THE SLIDE THAT SHOWS YOU WHERE OUR ENROLLMENT IS GOING. AND THIS IS THE SLIDE THAT SHOWS YOU THE REVENUE THAT'S COMING FROM THAT ENROLLMENT. THE ADJUSTMENTS TO THE BUDGET THAT WE HAVE TO TAKE THAT I TALKED ABOUT HOW WE'RE GOING TO DO THAT WITH ONE TIME AND ONGOING REDUCTIONS. THIS JUST SHOWS YOU THE SCENARIOS THAT TODD TALKED TO YOU ABOUT, SCENARIO C IS THE ONE WE'LL BE FOCUSING ON. AND THIS JUST SHOWS YOU HOW MUCH IS COMING FROM THE TUITION REVENUE. AND THIS SHOWS YOU THE DIFFERENT TUITION RATES. THIS SHOWS YOU THAT THE MAJORITY OF THAT INCREASE WILL BE COMING FROM THE RATE INCREASE RATHER THAN ENROLLMENT, SINCE WE'RE PREDICTING A 1 PERCENT DECLINE IN ENROLLMENT NEXT YEAR. THIS SHOWS YOU THE FEE REVENUE. AND THEN THESE FEES ARE PRIMARILY THE [INAUDIBLE] FEES OVER WHICH WE DO NOT HAVE CONTROL. THE ONE INCREASE THAT WE'RE SEEING IN FEES WILL BE A 1 PERCENT INCREASE IN OUR PROGRAM FEES JUST TO HELP COVER THE COSTS OF THE INCREASES IN COMPENSATION. AND THEN THIS IS THE STATE REVENUE INCREASE THAT WE HOPE WE WILL MAINTAIN. THANKS TO TODD AND HIS GREAT TEAM. AND THEN HERE ARE THE EXPENSES, AND YOU CAN SEE THAT WE HAVE TARGETED INVESTMENTS. FIRST I'LL GO THROUGH THE SALARY INCREASES. THAT JUST SHOWS HOW MUCH THE SALARY INCREASES WILL COST. THE COMPENSATION THAT WE'RE PROPOSING, THE BENEFITS WILL COST. AND THEN OUR OPERATING EXPENSES, OF COURSE, ARE GOING TO BE A DECLINE BECAUSE OF THE REDUCTIONS THAT WE'RE TAKING. THIS IS A REALLY IMPORTANT PART IS THE TARGETED INVESTMENTS THAT WE'RE GOING TO BE MAKING. SO EVEN THOUGH WE WILL BE MAKING REDUCTIONS, WE'RE GOING TO BE CREATING AND TARGETING INVESTMENTS INTO OUR INSTITUTIONAL FINANCIAL AID AND OUR ENROLLMENT CONTINGENCY. HOW IS THAT, JACK? THAT WAS GREAT. ANY QUESTIONS FOR JENNIFER BEFORE WE MOVE ON? WE'RE TUITION BASED INSTITUTION, RIGHT? INDEED. AND OUR NUMBER OF STUDENTS WERE DOWN THIS YEAR, WHICH CAUSED A SHORTFALL. AND YOU SHOWED US HOW WE'RE GOING TO REMEDY THAT. AND YOU'RE SHOWING A SHORTFALL FOR THE NEXT COUPLE OF YEARS AS WELL IN STUDENTS. WELL, IT'S A SHORTFALL FOR NEXT YEAR. AND THEN WE'LL PLATEAU AND START TO GO BACK UP AGAIN. AND GIVE ME THE RATIONALE ABOUT WHY YOU THINK YOU'RE GOING TO GO BACK UP IN TWO YEARS. SO, OK. THAT WAS ONE OF THE. THANK YOU. SO I WOULD LOVE TO TALK ABOUT OUR STRATEGIES BECAUSE I THINK THAT THEY'RE REALLY IMPORTANT THAT WE'RE LOOKING AT. I HAVE GABRIEL CASTANO HERE, WHO IS OUR NEW AVC OF ENROLLMENT MANAGEMENT. AND WE'RE PARTNERING WITH BOULDER AND WE'RE PARTNERING WITH OUR SISTER INSTITUTION, ALSO UCCS TO REALLY LOOK AT HOW CAN WE BETTER FOCUS ON OUR RECRUITMENT STRATEGIES. AND WE'VE ALSO BROUGHT IN A CONSULTANT TO HELP US DEVELOP OUR FIRST STRATEGIC ENROLLMENT MANAGEMENT PLAN, AND THAT LOOKS AT BOTH RECRUITMENT AND RETENTION. AND YOU HEARD FROM DR. BOWMAN YESTERDAY THE WORK THAT WE'RE DOING ON RETENTION OF STUDENTS, BOTH THE UNPARALLELED STUDENT EXPERIENCE AS WELL AS THE FIRST YEAR EXPERIENCE. WE'RE ALSO BUILDING FIRST YEAR HOUSING, WHICH WE KNOW WILL HAVE AN IMPACT ON RETENTION. SO ALL OF THESE PIECES ON THE UNDERGRAD AND THE GRAD SIDE THAT WE'RE PUTTING TOGETHER, WE ANTICIPATE WILL TAKE SOME TIME, BUT IT WILL HAVE IMPACT ON OUR ABILITY TO STABILIZE OUR ENROLLMENT, BOTH ON THE RECRUITMENT SIDE, WHICH WE THINK WILL INCREASE AS WELL AS THE RETENTION SIDE. AND YOU'RE SAYING THAT WILL TAKE TWO YEARS? NO, I THINK IT'LL TAKE. I THINK THIS IS A JOURNEY. I REALLY WE'RE DEALING WITH HUMANS AS WE MANAGE CULTURE CHANGE AND AS WE REALLY [05:00:03] CHANGE THE WAY THAT WE'RE DOING THINGS. AND WE'RE ALSO DEALING WITH NUMBERS AND REAL BUDGET NUMBERS AS WELL. INDEED, WE ARE. AND I'LL REMIND THIS BOARD THAT CU DENVER HAS BEEN LENT SOME MONEY EACH YEAR FOR THE LAST FOUR OR FIVE YEARS TO MAKE ENDS MEET. SO, YOU KNOW, IF MY FIDUCIARY DUTY HAS TO CALL THOSE TO THE ATTENTION. STUDENTS ARE IMPORTANT. TUITION IS IMPORTANT IF WE'RE GOING TO CONTINUE TO DO THE PROGRAMS THAT WE NEED TO DO. I JUST ASKED WHEN YOU WHEN YOU SAY THAT YOUR NUMBERS ARE GOING BACK UP, YOU SAID TWO YEARS I ASKED YOU FOR RATIONALE. NOW YOU SAY IT'S A PROCESS. SO IS IT TWO YEARS OR IS IT LONGER? SO WE'RE LOOKING AT OUR BUDGET IN BUDGETED ENROLLMENT TO BE GOING UP AFTER TWO YEARS. BUT IT'S SLIGHT. AND THEN AND THE REASON IS THESE ARE BUDGET NUMBERS AND I NEED TO BE AS CONSERVATIVE AS POSSIBLE WITH BUDGET NUMBERS. WHAT OUR ENROLLMENT TARGETS WILL BE WILL BE HIGHER THAN THAT. AND THAT'S WHAT WE'RE DEVELOPING IN OUR STRATEGIC ENROLLMENT MANAGEMENT PLAN. AND SO THERE'S A GOT TO TEASE OUT THE DIFFERENCE BETWEEN WHAT WE'RE ASPIRING TO WITH ALL OF THIS WORK THAT WE'RE PUTTING INTO OUR RECRUITMENT AND RETENTION OF STUDENTS. AND THEN THE BUDGET NUMBERS. AND THAT IS PART OF GETTING OFF OF THAT RAZOR'S EDGE THAT IF WE'RE MORE CONSERVATIVE ON THE BUDGET SIDE, IT KEEPS EXPENSES DOWN AND CREATES THAT CUSHION IN OUR ONGOING BUDGET TO BE ABLE TO MANAGE ANY OF THOSE CHANGES IN SHORTFALLS THAT WE DON'T EXPECT THAT COULD COME FROM THE STATE OF COLORADO, COULD COME FROM OTHER THINGS. AND IT GIVES US THAT CUSHION IN A NEW WAY SO THAT WE DON'T HAVE TO LIVE IN A CONTINUAL CYCLE OF BUDGET REDUCTIONS. I'M ON YOUR TEAM. I HOPE THAT HAPPENS. THAT'S MY PLAN. THANK YOU. THANK YOU VERY MUCH, JENNIFER. AND WE'LL TURN NOW TO TERRY CARRUTHERS. THE EXCITING THING HERE IS THAT DENVER IS IN A SIGNIFICANTLY BETTER PLACE THAN WE WERE IN 2016. SO KEEP IT UP AND AND WE'LL BE LOOKING FOR WAYS TO SUPPORT YOU ALONG THE WAY. OK. THANK YOU. THANK YOU FOR YOUR TIME. AND REGENT KROLL, I JUST WANT TO SAY THAT I'M SURE THIS ISN'T GOING TO BE QUITE AS EXCITING AS THE PRESENTATION I DID IN FINANCE COMMITTEE, BUT I'M HOPING TO MAKE THESE NUMBERS INTERESTING FOR YOU. SO THANK YOU FOR YOUR KIND WORDS. GOOD MORNING. EXCUSE ME. I ALSO HAVE TO THANK TODD AND HIS TEAM, CHAD. ALL OF THEM FOR ALL THEIR HARD WORK. OUR BUDGET TEAM RYAN AND MADELINE AND BREN. AND I HAVE TO SAY, WE HAVE TO THANK OUR CENTRAL SERVICE ADMINISTRATIVE GROUPS ON THESE CAMPUSES WHO ALWAYS STRIVE TO PROVIDE WHAT WE NEED AND WHOSE DEDICATION, SKILL AND HARD WORK KEEPS THESE COMPLEX MACHINES OPERATING EFFICIENTLY. THESE ARE SMART PEOPLE WHO WORK REALLY HARD ALONGSIDE US. OUR JOBS ARE TO DO OUR BEST TO SUPPORT OUR CAMPUS INFRASTRUCTURES, SO THE FACULTY AND STAFF CAN DO WHAT THEY DO BEST AND WHICH SUPPORTS OUR STUDENTS. AND WE FIND WAYS TO SAY YES MORE THAN WE SAY NO. I'M LOOKING AT DAN AS I SAY THAT. NEW INNOVATIONS ARE THE THINGS THAT ARE GOING TO SAVE US IN THE FUTURE. THEY'RE GOING TO BRING IN MORE REVENUE STREAMS. THEY'RE GOING TO DO OTHER THINGS TO MAKE US SUCCESSFUL. SO IT'S A GREAT PLACE FOR OUR STUDENTS AND OUR FACULTY TO BE. AND I JUST WANT TO SAY THAT IF YOU ASK OUR FACULTY WHY THEY'RE HERE, THEY'RE GONNA TELL YOU BECAUSE CU [INAUDIBLE] PROVIDES THIS CAN-DO ENVIRONMENT AND TO THE GREATEST EXTENT POSSIBLE FOR THEM TO DO WHAT THEY WOULD NOT BE ABLE TO DO ELSEWHERE. AND THIS ISN'T A LARGE PART DUE TO CHANCELLOR [INAUDIBLE] LEADERSHIP, BECAUSE WE THINK A LITTLE BIT DIFFERENTLY THAN WE HAVE ON THAT CAMPUS IN THE PAST. SO THEY GO THE WRONG WAY. HERE WE GO. SO I'M GOING TO GO KIND OF QUICKLY THROUGH THESE TWO, LIKE JENNIFER DID. BUT THIS ONE DOES SHOW OVERALL WE HAVE ABOUT A 1 PERCENT ENROLLMENT DECLINE FOR THE CURRENT YEAR ACTUAL OVER BUDGET, AND THAT IS LARGELY DUE TO THE FIRM DE-PROGRAM AND PUBLIC HEALTH. I THINK I'VE SAID BEFORE THAT PHARMACY PROGRAMS ACROSS THE COUNTRY AND PHARMACY PROGRAMS ARE SO OVERBUILT SINCE THE EARLY 2000S, THEY'VE DOUBLED THE NUMBER OF SCHOOLS, WHICH DOESN'T HELP ANYBODY. AND SO NATIONALLY THERE'S A PROBLEM. AND ALSO PUBLIC HEALTH IS DOWN 10 PERCENT ACROSS THE COUNTRY AS WELL. THAT ALSO IS NOT HELPING. THE GOOD NEWS IS PHARMACY IS WORKING ON CREATING NEW PROGRAMS THAT THEY'LL BE BRINGING FORWARD FOR YOU IN THE UPCOMING YEAR OR SO. AND SO THEY ARE LOOKING FOR OTHER THINGS THAT THEY ARE NOT CURRENTLY DOING TO BRING MORE PEOPLE IN. THAT'S EXCITING. AND ALSO, THE MD AND DDS PROGRAMS ARE INCREASINGLY COMPETITIVE ON A NATIONAL FRONT. THE MIX AS A MARKER OF THIS NATIONAL REPUTATION GROWTH. BUT GROWTH, I THINK ALSO FOR DENTAL MEDICINE HAS BEEN CREATING A MORE DIVERSE STUDENT BASE. AND BY DOING THAT, THEY HAVE TO LOOK NATIONALLY. [05:05:01] THEY CAN'T JUST LOOK LOCALLY. BUT THAT'S PART OF THE PROBLEM. AND ALSO, SOME GOOD NEWS, ONLINE PROGRAMS ARE GOING TO GROW AND WE'RE GONNA DO A PT ONLINE PROGRAM AND THEY'RE WORKING ON THAT RIGHT NOW. AND SO WE'RE EXCITED ABOUT THAT AS WELL. SO WE'RE GONNA GET THESE NUMBERS TURNING AROUND BY THE PEOPLE WHO CAN AS WELL AS IN NURSING AND GO FORWARD FROM THERE. AND THE REVENUE SLIDE, WE WERE ALL FOCUSING ON THESE SCENARIO C THAT TODD TALKED A BIT ABOUT. AND SO THAT'S ABOUT 6.7 MILLION CHANGE FOR ANSCHUTZ. ALSO TUITION IS ODDLY ENOUGH, OF THAT OF THE INCREASE. TUITION IS ONLY GOING TO BE ABOUT TWO HUNDRED THIRTY ONE THOUSAND DOLLARS. AND I'LL TELL YOU WHY IN JUST A MOMENT. THE RATES THAT YOU'RE USED TO HEARING FROM US ARE THE UNDERGRAD, WHICH IS NURSING. WE SEE ONLY UNDERGRAD WE HAVE ON CAMPUS AND THEY ARE CAPPED AT 3 PERCENT. THE OTHER ONES ARE UP TO NUMBERS. AND SO, FOR EXAMPLE, THE RESIDENT MD PROGRAM IS AN UP TO 4 PERCENT THIS YEAR. AND THAT MAKES THE NON RESIDENT PROGRAM BECAUSE OF THE ACCOUNTABLE STUDENT FEES COME UP TO ABOUT 2.4 PERCENT. THIS IS WHERE I EXPLAIN WHY THAT NET REVENUE IS ONLY GONNA BE ABOUT TWO HUNDRED THIRTY THOUSAND DOLLARS, WHICH I THINK MAKES PEOPLE SCRATCH THEIR HEADS AND WONDER WHY WE'RE ANTICIPATING A 2.8 MILLION INCREASE FROM THE RATE INCREASES. HOWEVER, BECAUSE OF SOME OF THESE STRUGGLES, SOME OF THE SCHOOLS ARE HAVING LIKE PHARMACY AND PUBLIC HEALTH, THEY'RE GOING TO EXPERIENCE MAYBE ABOUT A 2.5 MILLION DECREASE. SO THAT'S WHY THAT DELTA'S IN THERE. AS YOU CAN SEE FROM THIS PIE CHART, ABOUT 90 PERCENT OF OUR TUITION IS GRADUATE TUITION ON THE CAMPUS. AND THIS ONE IS FEES, AND SO THE NUMBER THAT YOU'RE SEEING HERE, THE 1.3 MILLION, IS LARGELY THE ACCOUNTABLE STUDENT FEE. AND JUST TO REMIND EVERYBODY WHAT THAT IS. A COUPLE OF THE SCHOOLS, MEDICINE AND DENTAL MEDICINE DO NOT PAY AN OUT-OF-STATE TUITION RATE. THE STUDENTS PAY AN ACCOUNTABLE STUDENT FEE EVERY YEAR WHEN THEY'RE NON RESIDENTS. AND SO THAT 1.3 MILLION IS REPRESENTATIVE OF THE ACCOUNTABLE STUDENT FEE. AND THEN WE'RE SORRY TO TELL YOU AGAIN THIS YEAR THAT WE'RE STANDING BEFORE YOU AND THE RTD NUMBERS, WE DON'T KNOW YET BECAUSE AS YOU KNOW, RTD IS IN A BIT OF A FLUX. AND WE KNOW IT'S GOING TO GO UP FOR US, BUT WE DON'T HAVE THOSE NUMBERS YET. WE APOLOGIZE FOR THAT. WE'VE BEEN TRYING TO GET THEM AND ALSO THE HEALTH INSURANCE FOR STUDENTS AND OTHER FAVORITE TOPIC. WE ARE STILL NEGOTIATING AND TRYING TO WORK ON THOSE NUMBERS, BUT WE DO NOT HAVE THE EXACT INCREASE YET. BUT WE WILL FOR THE NEXT MEETING OR BEFORE THAT. SO WE WILL BRING THAT FORWARD TO LET YOU KNOW. AND AS A REMINDER, MOST OF THE SCHOOLS ON THE ANSHUTZ CAMPUS DID ELIMINATE ALL THEIR OTHER FEES OVER RECENT YEARS. STATE REVENUE. LET'S SEE. AGAIN THIS ONE, WE'RE SHOWING AN INCREASE OF 4.8 MILLION IF SCENARIO C IS WHAT HAPPENS, WHICH WOULD BE ABOUT 6 PERCENT. THE ICR, WHICH IS SOMETHING THAT IS TUCKED AWAY IN THESE NUMBERS, IS NOT WE'RE NOT BUDGETING A BIG INCREASE. IT'S LESS THAN A HALF A MILLION DOLLARS ON THAT ONE. BUT IT'S KIND OF HARD TO SEE IN THESE CHARTS LIKE THIS. IT'S ALL KIND OF BURIED. AND THEN WE HAVE EXPENSES TO SHOW YOU THAT OF THE 6.7 MILLION IN EXPENSES THAT WE'RE GONNA HAVE. WE'LL GO ONE MORE OVER. THERE YOU GO. AND 4.5 OF THAT AS JENNIFER SAID IN HERS IS THE SALARY INCREASE, WHICH WE'RE BRINGING FORWARD A 3 PERCENT COMPENSATION POOL TO TRY AND RETAIN FACULTY STAFF BECAUSE IT'S REALLY COMPETITIVE OUT THERE. AND SO WE'RE THINKING WE AT LEAST HAVE TO DO THAT. SO ABOUT FOUR AND A HALF MILLION WILL BE SALARIES. YOU CAN SEE WHAT WE'RE GOING FORWARD WITH AS FAR AS THE SCENARIO B HAS A 2 PERCENT FOR CLASSIFIED BECAUSE THAT'S WHAT THE STATE DOES. ALL THE REST OF OUR SCENARIOS WILL BE HOPEFULLY 3 PERCENT. AND LET'S SEE, OF THAT, ABOUT HALF MILLION OF THE INCREASE WOULD BE THE BENEFITS ASSOCIATED WITH THOSE 4.5 MILLION IN SALARY INCREASES, SIX HUNDRED THOUSAND IS OPERATING, WHICH IS MOSTLY IN THE FORM OF ICCA AND INSURANCE COST INCREASES THAT WILL HAVE TO EXPERIENCE. AND THEN THERE'S ABOUT A 1.1 DELTA IF YOU DO THE MATH. AND THAT IS WHAT WE'RE GOING TO USE FOR OUR EDUCATION BUILDING. SO AS YOU KNOW, I.T., YOU PUT IT IN AND IT'S ALREADY OLD BY THE TIME IT'S IN MOST TIMES. AND SO WE'VE BEEN THERE FOR 15 TO 20 YEARS. AND A LOT OF THOSE EDUCATION BUILDINGS, IT'S NOT AS USER FRIENDLY FOR SOME OF THE STUDENTS AND THE FACULTY. SO IF WE HAVE MONEY, WE'RE GOING TO GO THROUGH THOSE BUILDINGS AND GET A LOT OF THAT TECHNOLOGY UP TO WHERE IT NEEDS TO BE FOR THE ENVIRONMENT THAT THESE PEOPLE ARE PAYING TO BE IN. SO SORRY IF I TALKED REALLY FAST, BUT THAT'S A ANSCHUTZ. AND IF YOU HAVE ANY QUESTIONS, I'M HAPPY TO ANSWER ANY QUESTIONS HERE FROM THE BOARD. WELL, I WOULD JUST REITERATE, YOU KNOW, THE PRESENTATION THAT WE GOT AT [05:10:04] THE LAST FINANCE COMMUNITY ABOUT RESIDENCY SLOTS IS REALLY, REALLY INTERESTING. AND ANY BOARD MEMBER THAT'S INTERESTED IN THAT, I HIGHLY RECOMMEND DIVING IN BECAUSE THE RESIDENCY SLOTS THAT WE CREATE AT ANSCHUTZ ARE REALLY MORE INDICATIVE AND REALLY MORE IMPACTFUL IN A LOT OF WAYS OR IN DIFFERENT WAYS THAN NECESSARILY SOMETIMES ALL OF THE, YOU KNOW, A HUNDRED AND SEVENTY FIVE HUNDRED SIXTY FIVE MEDICAL HUNDRED EIGHTY FOUR HUNDRED EIGHTY FOUR MIDDLE STUDENTS THAT WE BRING IN EACH YEAR, WE REALLY DO A GREAT JOB OF LEVERAGING ALL THEIR ASSETS. SO THANK YOU, GERI. AND UNLESS THERE'S ANY OTHER QUESTIONS, WE'LL MOVE NOW TO CARLA'S FIRST PRESENTATION IS THE CFO FOR BOULDER. THANK YOU. WELL, THANK YOU ALL. AS YOU'LL NOTE, I AM MUCH SHORTER THAN KELLY FOX. SO HOPEFULLY YOU CAN HEAR ME JUST FINE. SO JUST STARTING OFF WITH BOULDER CAMPUS, I, FIRST OF ALL, WANT TO JUST SHARE WITH YOU THAT WITH THIS FALL'S INCOMING CLASS, WE WELCOMED MORE WOMEN, MORE FIRST GENERATION SCHOLARS AND MORE STUDENTS OF ETHNIC AND RACIAL DIVERSITY AND BEING A MEMBER OF ALL THREE OF THOSE GROUPS, IT REALLY MEANS A LOT TO US. AND SO THEY OBVIOUSLY WERE NEVER SATISFIED. WE HAVE MORE TO DO, BUT IT'S SOMETHING I THINK IS IMPORTANT AS WE'RE THINKING ABOUT BUDGET AND WHERE WE'RE MAKING INVESTMENTS. SO LET'S START FIRST WITH LOOKING AT OUR ENROLLMENTS. AS YOU CAN SEE HERE, SO ARE OUR CURRENT YEAR ARE UNDERGRADUATES ARE COMING IN JUST ABOUT WHERE WE BUDGETED LOOKING OUT INTO NEXT YEAR. I'M HAPPY TO SAY THAT A LOT OF THIS GROWTH THAT WE'RE LOOKING AT FOR NEXT YEAR AS WELL AS INTO OUR OUT YEARS IS LARGELY COMING FROM PROJECTIONS AROUND RETENTION AND GROWTH OF THE RETENTION OF OUR EXISTING STUDENTS. SO WHAT DOES THIS MEAN FOR OUR REVENUES? RIGHT NOW, OUR CURRENT REVENUE PROJECTIONS ARE TRACKING SO THAT WE'RE RIGHT AT BUDGET, AND THEN AS WE START TO LOOK AT THIS ADDITIONAL INCREASE IN REVENUE FOR NEXT YEAR IN SCENARIO C, OF THE 43.2 MILLION DOLLARS, WE'RE ESTIMATING ABOUT 80 PERCENT OF THAT IS COMING FROM TUITION REVENUE, ABOUT 13 PERCENT IS COMING FROM STATE FUNDING AND THAT ABOUT 5 PERCENT FROM AN INCREASE IN OUR INDIRECT COST REIMBURSEMENT. HOW MANY NEW STUDENTS DOES THAT REPRESENT? THAT YOU'RE BUDGETING FOR? SO FOR THIS INCOMING CLASS THIS YEAR, WE WERE BUDGETING ORIGINALLY FOR SEVEN THOUSAND ONE HUNDRED AND THIRTEEN. WE ENDED UP AT SEVEN THOUSAND ONE HUNDRED AND FIFTY. AND FOR THIS NEXT YEAR, THAT'S WHAT YOU'RE BUDGETING FOR? FOR THE NEXT YEAR, ACTUALLY, WE'RE EXPECTING IT TO BE RELATIVELY FLAT. SO THE MAJORITY OF OUR GROWTH COMING FROM RETENTION. THANK YOU. SO THIS RIGHT HERE IS I THINK. THIS IS JUST REALLY SHOWING NEXT. LET ME GO BACK HERE. SORRY. THIS IS SHOWING THE PROPORTION OF OUR TUITION REVENUE IN TERMS OF THE OVERALL REVENUE GROWTH. AND AGAIN, THIS IS I THINK, AGAIN, REALLY DEMONSTRATING THAT WE'RE ATTRIBUTING THIS INCREASE TO OUR RETENTION GROWTH. AS YOU ALL AWARE, WE ARE REQUESTING A 3 PERCENT TUITION INCREASE OVERALL. HOWEVER, AS YOU ALSO ARE AWARE, AND HAVE APPROVED OUR TUITION GUARANTEE. THIS MEANS THAT OUR CONTINUING UNDERGRADUATE STUDENTS WILL HAVE A 0 PERCENT INCREASE. I'LL ALSO NOTE THAT WE ARE SHIFTING OUR B.A. IN COMPUTER SCIENCE PROGRAM TO ENGINEERING AND WE'RE ALSO REQUESTING AN ADDITIONAL INCREASE FOR OUR NONRESIDENT BUSINESS STUDENTS. I THINK YOU'RE ALL AWARE OF THAT. SO GOING NOW TO THE DIFFERENCE OF OUR RATE INCREASE VERSUS OUR ENROLLMENT IN TERMS OF TUITION REVENUE, YOU CAN SEE HERE THAT REALLY THIS IS A FACTOR BASED ON OUR UNDERGRADUATE GUARANTEE SO THAT OUR RATE IS NOT SO MUCH OF A FACTOR IN OUR TUITION REVENUE GROWTH. RATHER, IT CENTERS MORE SO ON ENROLLMENT. SO MOVING ON TO FEES. YOU'LL SEE THAT WE ARE EXPECTING THOSE FEES TO REMAIN RELATIVELY FLAT FOR NEXT YEAR. AND ADDITIONALLY, GOING IN TO A LITTLE MORE DETAIL ABOUT OUR FEES. I'LL POINT OUT A COUPLE OF THINGS. FIRST OF ALL, FOR OUR CAPITAL CONSTRUCTION FEE. WHEN THAT FEE WAS ORIGINALLY APPROVED IN 2006, IT WAS APPROVED AT A RATE OF $400 PER YEAR. OVER THE YEARS, WE'VE BEEN ACTUALLY ABLE TO REDUCE THAT INTO HALF. AND SO THAT IS WHAT WE'LL BE PUTTING FORWARD IN APRIL FOR A REDUCTION TO THAT PARTICULAR FEE. WE'LL ALSO BE ELIMINATING THE STUDENT INFORMATION SYSTEM FEE AND REQUESTING AN INCREASE TO OUR WARDENBURG MENTAL HEALTH FEE. WE'VE SEEN AN INCREDIBLE AMOUNT OF DEMAND FOR SERVICES. AND SO THE INCREASE TO THIS FEE WILL ALLOW US TO EXPAND SERVICES AND OFFER OFFERINGS [05:15:01] FOR OUR STUDENTS, INCLUDING EXPANDED AFTER HOURS, WEEKENDS, HOLIDAYS, SERVICES. AND THEN FINALLY, WE ARE ALSO LOOKING AT SEPARATING OUR EXISTING RTD STUDENT BUS AND BIKE FEE IN THE HOPES THAT THIS WILL PROVIDE ADDITIONAL TRANSPARENCY FOR OUR STUDENTS ASSOCIATED WITH THAT RTD COST. OUR CU STUDENT GOVERNMENT IS ALSO IN ITS LEGISLATIVE PROCESS RIGHT NOW. AND SO THAT IS ON HOLD. BUT WE'LL HAVE AN UPDATE FOR THAT IN APRIL. AND THIS IS SHOWING OUR STATE REVENUES BASED ON THE 6 PERCENT SCENARIO C. AND FINALLY, WE'RE BUDGETING FOR AN INCREASE TO OUR INDIRECT COSTS REIMBURSEMENTS OF APPROXIMATELY TWO MILLION DOLLARS. SO NOW SHIFTING TO OUR EXPENSES, AND OUR PLAN FOR THIS $43 MILLION IN REVENUE GROWTH. SO FIRST OF ALL, WE'RE INVESTING IN OUR EMPLOYEES WITH A 3 PERCENT MERIT POOL ALSO ALSO SHOWN HERE. AND THEN ALSO THE INVESTMENTS FOR THE ASSOCIATED BENEFITS. OUR OPERATING EXPENSES ARE EXPECTED TO INCREASE LARGELY DUE TO INVESTMENTS THAT WE ARE MAKING IN FINANCIAL AID, CONTROLLED MAINTENANCE, CLASSROOM TECHNOLOGY, TECHNOLOGY, INFRASTRUCTURE, AND ALSO WE HAVE CONTINUING GROWTH IN OUR COSTS ASSOCIATED WITH OUR LIBRARY SERIAL'S SUBSCRIPTIONS. SO MOVING ON TO THE NEXT SLIDE AFTER THIS ONE. NOW I WANT TO TALK WITH YOU A LITTLE BIT ABOUT OUR TARGETED INVESTMENTS. SO FOR NEXT YEAR, WE ARE GOING TO BE MAKING SOME REQUESTS AROUND TARGETED INVESTMENTS, LARGELY TO DO WITH PROVIDING SOME ADDITIONAL SUPPORT FOR OUR SCHOOLS AND COLLEGES, ESPECIALLY AROUND STUDENT SUPPORT SERVICES AND INSTRUCTION TO REALLY BE ABLE TO MAINTAIN THE QUALITY AND STUDENT SUCCESS EFFORTS AS ENROLLMENT GROWS. AND FINALLY, WE ARE ALSO MAKING AN INVESTMENT IN A STUDENT CENTERED APPROACH TO LEARNING, WHICH IS REALLY FOCUSED IN ON THE FIRST YEAR STUDENT EXPERIENCE, UNDERSTANDING THAT STUDENTS FIRST YEAR EXPERIENCE IS CRITICAL TO THE THE SUCCESS THAT THEY HAVE IN RETENTION AND CONTINUATION. SO THIS IS ALSO AN AREA THAT WE ARE MAKING INVESTMENTS. AND THAT IS IT. QUESTIONS FOR THE BOULDER CAMPUS. QUESTIONS FOR CARLA. WELL. YOU MADE IT THROUGH.ALL RIGHT. THAT'S NEXT UP. WE HAVE CHUCK LITCHFIELD FROM THE UCCS CAMPUS. AND CHUCK THE FLOOR IS YOURS. THANKS REGENT KROLL. WERE RUNNING A LITTLE OVER TIME ON WHAT YOU WERE SO I'M GOING TO TRY AND STICK TO FIVE MINUTES. BUT IF THERE ARE QUESTIONS, I WILL CERTAINLY ENTERTAIN THEM. AS YOU ALL KNOW, WE WE WERE SHORT IN OUR ENROLLMENT IN FALL OF 2019 FOR ABOUT A 4.8 PERCENT BELOW BUDGET INDICATION, WHICH RESULTED IN ABOUT A 5 MILLION DOLLAR SHORTFALL. AND I'LL TALK ABOUT HOW WE'RE DEALING WITH THAT IN A FEW MINUTES. FOR THE FALL OF 2020, WE'RE PREDICTING A DECLINE OF 1.3 PERCENT. THAT DECLINE IS MOSTLY DRIVEN BY THE IDEA THAT THE LAST FEW GRADUATING CLASSES THAT WE'VE HAD HAVE BEEN THE LARGEST IN OUR HISTORY. AND WHERE WE ARE RIGHT NOW IN OUR ENROLLMENT PLANNING MODEL DOES NOT CONTAIN ANY INFORMATION THAT GIVES US LEADING INDICATIONS ABOUT WHAT FALL OF 2020 WILL LOOK LIKE. AND SO WE'VE GONE WITH THE MOST CONSERVATIVE PROFILE WE CAN, WHICH IS TO REPEAT THE NUMBERS THAT WE BROUGHT IN IN THE FALL OF NINETEEN. AND I'LL TALK MORE ABOUT SOME OF THE STRATEGIES THAT WE HAVE IN TERMS OF TRYING TO IMPROVE THAT NUMBER AS WE GO FORWARD. AS YOU LOOK AT OUR ENROLLMENT PROFILE, I THINK ONE OF THE QUESTIONS THAT YOU PROBABLY HAVE IS, OK, SO YOU DECLINED THIS PAST YEAR AND YOU THINK YOU'RE GOING TO DECLINE AGAIN, WHY DO YOU THINK YOU MIGHT COME BACK UP? AND I THINK THE MOST IMPORTANT THING TO TALK ABOUT HERE IS THE IDEA THAT WE INITIATED A SMART GROWTH PROGRAM A COUPLE OF YEARS AGO TO TRY AND FOCUS ON INCREASING THE NUMBER OF DEGREES THAT WE OFFER. YOU'LL RECALL THAT WHEN OUR PROVOST WAS UP HERE A COUPLE MEETINGS AGO DURING THE CIVICS CONVERSATION, ONE OF THE THINGS HE TALKED ABOUT WAS THAT OUR CAMPUS, COMPARED TO OUR PEERS, DOES NOT OFFER AS MANY ACADEMIC PROGRAMS. WE'RE TRYING TO CHANGE THAT. WE'RE TRYING TO TARGET IT TO WORKFORCE DEVELOPMENT AND THOSE THINGS THAT PROSPECTIVE STUDENTS ARE INTERESTED IN. AND WE EXPECT BY 2024 TO ADD BACK A LITTLE OVER 300 STUDENTS, WHICH WILL START TO BRING US BACK UP TOWARD OUR FALL OF 2018 NUMBER. THAT'S WHY YOU SEE THAT CURVE THAT WAY. WE HAVE FIVE INITIATIVES THAT WE'RE USING FOR THIS COMING FALL THAT WE BELIEVE WILL BE IMPACTFUL TO TO TRY AND BRING THAT CURVE BACK UP. IF WE HAD TO SET A GOAL RIGHT NOW, I WOULD LIKE TO SEE US GO FROM TWENTY SEVEN [05:20:02] HUNDRED NEW STUDENTS, WHICH IS A COMBINATION OF FIRST TIME STUDENTS AND TRANSFERS BACK UP TO A LEVEL OF ABOUT THREE THOUSAND. WHERE WOULD THOSE 300 COME FROM? ONE OF THE THINGS THAT WE ARE DOING, WE'RE RETURNING TO THE ADMISSION PROFILE THAT WE USED IN THE FALL OF 2018. IN 2019, WE CHANGE OUR ADMISSION PROFILE JUST SLIGHTLY TO TRY AND MAKE A STICKIER CLASS. ONE OF THE OTHER THINGS THAT WE DID IS WE'VE IMPROVED OUR ADMIT PROCESS SO WE CAN TURNAROUND APPLICATIONS FASTER. WE HAVE ROLLING ADMISSION. ONE OF THE THINGS THAT'S REALLY IMPORTANT FOR US TO COMPETE IN THIS ENVIRONMENT IS TO BE FIRST TO ADMIT AND FIRST OFFER FINANCIAL AID. THIS YEAR WE'RE ALREADY UP 4 PERCENT IN APPS BECAUSE OF THAT TURNAROUND. THE OTHER THING THAT WE INITIATED A COUPLE OF YEARS AGO WAS OUR STRATEGIC ENROLLMENT STEERING COMMITTEE. THE STRATEGIC ENROLLMENT STEERING COMMITTEE HAS BEEN WORKING ON RETENTION EFFORTS AND EFFORTS TO LOOK AT MAKING A STICKIER CLASS BY MODIFYING OUR MISSION PROFILES TO BE SMARTER ABOUT WHO WE BRING IN. THOSE THINGS ARE ALREADY SHOWING SOME RESULTS AND OUR RETENTION HAS ACTUALLY STEADIED OUT AT ABOUT 69 PERCENT. AND IF YOU HAD LOOKED AT OUR OUR RETENTION OVER THE LAST FIVE YEARS HAD BEEN VERY SAWTOOTHED. IF WE CAN GET TO A RETENTION PROFILE THAT STICKS AT A NUMBER LIKE THAT AND THEN WORK ON BRINGING IT UP, THAT DOES GREAT THINGS FOR OUR STUDENTS AND IT DOES GREAT THINGS FOR OUR FINANCIAL STRENGTH. LAST THING, AND THIS WAS MENTIONED EARLIER AND I THINK IT DESERVES EXPLORATION LATER, BUT I WON'T GO INTO GREAT DETAIL. THE PRESIDENT HAD ENCOURAGED ALL OF THE ENROLLMENT TEAMS TO START COLLABORATING MORE. WE'VE ACTUALLY INCREASED THE FREQUENCY WITH WHICH WE'VE BEEN TALKING, AND THAT'S ALREADY YIELDING SOME RESULTS. TWO OF TWO THINGS I'LL QUICKLY MENTION. FOR THE FIRST TIME, UCCS IS TAKING ITS FIRST STUDENTS FROM THE BOULDER ENGLISH LANGUAGE PROGRAM. WE'RE REALLY EXCITED ABOUT THAT. THE OTHER THING IS, IS THAT WE ARE TALKING TO BOULDER AND DENVER ABOUT HOW TO CROSS OVER OUR ADMISSIONS POOLS TO UNDERSTAND BETTER HOW WE CAN OFFER ADMISSION OPPORTUNITIES TO OTHER STUDENTS. REVENUES, SO THIS IS OUR $5 BILLION SHORTFALL. WE APPLIED ABOUT $2.1 MILLION OF OUR RESERVES IN ORDER TO SMOOTH THAT OVER AND THE SAME FOR THE SAME REASONS THAT JENNIFER ALREADY TALKED ABOUT. THIS IS OUR CUT. SO WE GOT THE 2.1 MILLION FROM OUR RESERVES. WE ALSO TOOK ABOUT FIVE HUNDRED SEVENTY ONE THOUSAND DOLLARS IN ONE TIME CUTS. HOW DID WE DO THAT? WE EXPERIENCED A LOT OF STAFF TURNOVER ON OUR CAMPUS. AND SO ONE OF THE THINGS THAT WE'VE DONE IS WE'VE HOLD OPEN POSITIONS AND WE WON'T ATTEMPT TO FILL THEM UNTIL WE GET A BETTER IDEA OF HOW THE FALL OF 2020 IS GOING TO WORK OUT. ONGOING BASE CUTS. WHERE DO WE TAKE THEM? WE TOOK A MILLION DOLLARS IN BASE FROM AN ENROLLMENT CONTINGENCY FUND THAT WE BUILT INTO OUR BUDGET OVER THE YEARS WHERE WE HAD A LOT OF GROWTH. THIS IS THE TIME AND THIS IS THE REASON THAT WE BUILT IT INTO OUR BUDGET. AND SO WE'VE TAKEN A MILLION FROM THAT. IN ADDITION, WE TOOK 479 THOUSAND DOLLARS IN BASE POSITION CUTS. THESE ARE POSITIONS THAT WERE ELIMINATED THAT ALSO INCLUDED ANOTHER ADDITIONAL HUNDRED FORTY FOUR THOUSAND IN BENEFITS SAVINGS AND THEN THE REST CAME FROM OPERATING. SO I'M GOING TO SKIP THROUGH THESE SLIDES, BECAUSE I THINK THERE'S A PROBABLY THE MORE IMPORTANCE. WELL, I DO WANT TO STOP HERE REAL QUICK. SO THE QUESTION OF WHETHER WE'RE AN AFFORDABLE CAMPUS AND A QUESTION OF WHETHER WE LOSE STUDENTS TO OTHER PLACES. I JUST WANT TO COVER BRIEFLY AND JENNIFER COVERED THIS IN A LITTLE BIT OF DETAIL, AND THAT IS WE ONLY LOSE ABOUT 10 PERCENT OF OUR ADMITTED POOL TO THE COMMUNITY COLLEGES. WE ARE STILL AN AFFORDABLE OPTION FOR ANYONE WHO'S LOOKING FOR A FOUR YEAR COLLEGE EXPERIENCE IN THAT COMPETITION. FORTY EIGHT PERCENT OF OUR ADMITTED STUDENTS TO OTHER CAMPUSES AROUND COLORADO. OUR TOP COMPETITOR, CSU FORT COLLINS. YOU'VE SEEN THIS SIDE AND EVERYBODY IS ALREADY. CSU FORT COLLINS, NOT PUEBLO? NO. THE PLACE THAT MOST OF OUR STUDENTS GO, THAT WE ADMIT THAT DON'T COME TO US IS FORT COLLINS. YEAH, THAT IS I GUESS I CAN SEE. THAT WOULD BE A GREAT SIDE CONVERSATION. YOU WILL HAVE SEEN THIS SLIDE BEFORE. THE TUITION INCREASE IS VITAL TO US GIVEN OUR PREDICTION FOR AN ENROLLMENT DECLINE. THE OTHER THING I'LL POINT OUT IS, IS THAT WE WILL CONTINUE TO BE DEPENDENT UPON RESIDENTIAL UNDERGRADUATE TUITION IN ORDER TO SUSTAIN OUR FINANCIAL STRENGTH. OUR STUDENT GOVERNMENT HAS MET AND HAS REQUESTED INFLATIONARY INCREASES TO US TO A NUMBER OF OUR FEES. AND YOU CAN SEE WHAT THAT DOLLAR CHANGES ON AN INDIVIDUAL BASIS RIGHT THERE. [05:25:06] TALK A LITTLE BIT ABOUT EXPENSES. SORRY, I'M TRYING TO GET TO SLIDES THAT I THINK WILL BE WORTH LOOKING AT. SO THE $2 MILLION INCREASE TO OUR SALARIES REPRESENTS A 1 PERCENT INCREASE IN OUR SALARY POOL. THE BENEFITS THAT ARE THE TWO BIGGEST PRICE INCREASES FOR US ON THE BENEFITS SIDE ARE HLD, HEALTH, LIFE AND DENTAL AND AND ALSO PARA. SO THAT ONE POINT TO US IS AN EXPENSE THAT WE HAVE TO CARRY FORWARD. SO THIS IS WHAT WE ARE SHOWING AS OUR BOGEY FOR FOR 2021. OF THAT NUMBER, ABOUT 2.6 MILLION ARE THE ONE TIME CUTS THAT WE TOOK THIS YEAR THAT NOW NEED TO BE ROLLED FORWARD INTO THE NEXT YEAR. OF THAT 2.6. AS I DISCUSSED, ABOUT HALF A MILLION OF THAT IS OPEN POSITIONS THAT IF OUR FALL ENROLLMENT IS REALLY STARTING TO SHAPE UP AS GOING DOWN, THAT WE COULD TAKE AND ELIMINATE AS PERMANENT CUTS. IN ADDITION, WE WILL LOOK AT ANOTHER PORTION OF OUR EMERGENCY TUITION STABILIZATION PROGRAM, WHICH IS ABOUT A MILLION DOLLARS, AND THEN FROM THERE WE WILL PASS ANOTHER MILLION DOLLARS OF CUTS AROUND THE CAMPUS TO TRY AND TO TRY AND SMOOTH OUT OVER. LAST THING IS TARGETED INVESTMENTS, TARGETED INVESTMENTS ARE VERY IMPORTANT FOR US, ALL OF OUR TARGETED INVESTMENTS ARE IN THOSE PROGRAMS THAT WE WILL BELIEVE WILL BE VITAL TO THE RECOVERY OVER OUR ENROLLMENT. AND THESE ARE PROGRAMS LIKE THE SOCIAL WORK PROGRAM THAT YOU ALL APPROVED A COUPLE OF BOARD MEETINGS AGO. ONE OF THE THINGS I'M EXCITED TO TELL YOU IS, IS THAT WE ALREADY HAVE 90 APPLICANTS FOR THAT PROGRAM AND WE HAVEN'T EVEN REALLY HIT OUR MARKETING STRIDE ON THAT. AND OF THOSE 90 APPLICANTS, WE HAVE ADMITTED SIXTY ONE. WHY IS THAT IMPORTANT? IT'S IMPORTANT BECAUSE ONE OF THE TOP REASONS THAT STUDENTS DON'T COME TO US IS BECAUSE OF THE NUMBER ACADEMIC PROGRAMS THAT WE OFFER. SOCIAL WORK IS SO UNIQUE THAT WE BELIEVE THAT ALL OF THOSE APPLICANTS ARE APPLICANTS THAT WE'RE NETTING NOW THAT WE PROBABLY NEVER SAW BEFORE. I THINK I'M READY FOR ANY QUESTIONS. ANY QUESTIONS, COMMENTS, CONCERNS FROM THE BOARD. ONLY THE THE THE SAME ONE THAT BEING TUITION DEPENDENT, IT'S IMPORTANT THAT WE FILL THOSE FRESHMAN CLASSES AND WE ASKED YOU TO BE BRIEF, BUT YOU CUT A MILLION DOLLARS IN PROGRAMING THAT HAS TO HAVE SOME IMPACT SOMEWHERE. AND AND AS WE CONTINUE TO CUT THERE WILL HAVE EVEN MORE IMPACT. AND I DON'T WANT THAT TO BE LOST ON ANYBODY THAT TO BALANCE THAT BUDGET. WE'VE HAD TO CUT SOME PROGRAMING, SOME SCHOLARSHIPS, SOME OTHER THINGS. AND AT SOME POINT TIME IT BEGINS TO MAKE UCCS A SCHOOL THAT'S MAYBE MORE MEDIOCRE SO THAT THOSE FRESHMAN CLASSES ARE IMPORTANT TO FILL. SO I AGREE. I JUST WANT TO MAKE A COMMENT. YOU KNOW, AND I SHARED MY THOUGHTS WITH PRESIDENT KENNEDY ON THIS. YOU KNOW, NO YEARS AGO I WAS THE CHAIR OF THE INTER CAMPUS STUDENT FORUM, AND WE INCREASED TUITION THAT YEAR BY 9 PERCENT ACROSS THE BOARD. AND IT WAS THE SINGLE LARGEST, I THINK, TUITION INCREASE AND THAT OF THAT. WE ARE ABOUT SIX MONTHS LATER, THERE WAS A STORY THAT BROKE THAT WAS NOT FLATTERING, THAT A LOT OF PEOPLE IN UPPER ADMINISTRATION GOT SIGNIFICANT PAY INCREASES THAT YEAR. AND WE HAVE SINCE CHANGED SOME OF THE POLICIES THAT THIS INSTITUTION WHERE, YOU KNOW, THOSE RAISES NEED TO BE BROUGHT FORWARD. BUT I WOULD STRONGLY ENCOURAGE, YOU KNOW, PARTICULARLY WITH THE SYSTEM OFFICE AND POTENTIALLY ON TWO OF OUR CAMPUSES HERE WHERE WE'RE LOOKING AT 1 PERCENT MERIT RAISE POOLS FOR THE LINE AND ORDER STAFF, THAT WE HOLD THAT THROUGH TO THE TOP OF OUR INSTITUTIONS AS WELL. BECAUSE I THINK, YOU KNOW, WE'RE TALKING ABOUT ELIMINATING POSITIONS. WE'RE TALKING ABOUT HAVING A SMALL MERIT INCREASE THAT'S GOING TO HAVE SIGNIFICANT MORALE IMPACTS ACROSS THE INSTITUTION. AND I THINK WE AS AN INSTITUTION NEED TO LEAD FROM THE TOP ON THAT. SO I'LL JUST LEAVE IT LEAVE IT TO BE AND LET PRESIDENT KENNEDY KNOW MY THOUGHTS ON THAT. AND ARE THERE ANY OTHER COMMENTS OR QUESTIONS ABOUT THE ABOUT THE BUDGET? VICE PRESIDENT SOLOMON. SOUTH DENVER. IS THERE A SLIDE OR SOMETHING THAT I CAN GO TO THAT WILL SHOW WHAT OUR EXPENDITURES ARE THERE AND. THANK YOU. SO SOUTH DENVER IS ALL OF THE ACTIVITY AT SOUTH DENVER IS INCORPORATED WITHIN EACH [05:30:01] CAMPUS'S BUDGET. AND I'M HAPPY TO GET YOU SOME SPECIFIC INFORMATION ABOUT THAT. BUT FOR EXAMPLE, THE ENROLLMENT IN THE SCHOOL OF NURSING IN THE NURSING PROGRAM AT SOUTH DENVER IS AND IS INCLUDED IN THE CU ANSHUTZ BUDGET. AND THE ACTIVITY GOING ON LIKE AT THE AT THE MBA PROGRAMS AT SOUTH DENVER WOULD BE REFLECTED IN EACH CAMPUS AS INDIVIDUAL BUDGET. SO. BUT I'M HAPPY TO GET TO HAVE PUT THAT ALL TOGETHER INTO INTO ONE DOCUMENTED SHARE THAT. I WOULD LIKE TO SEE THAT BY OUR NEXT BOARD MEETING. SURE. ALL RIGHT. WELL, SEEING NO OTHER FURTHER COMMENTS, I JUST WANT TO THANK AGAIN TODD AND ALL OF THE CAMPUS CFOS FOR THEIR HARD WORK ON THIS. YOU KNOW, THIS IS TEEING UP A BROADER CONVERSATION WE'RE GONNA HAVE IN APRIL. WE WILL HAVE FURTHER CONVERSATIONS ABOUT THIS. I APPRECIATE EVERYONE'S DILIGENCE AND MOVING THROUGH THE PRESENTATION AND APPRECIATE THE CHAIRS FLEXIBILITY. I KNOW WE WENT A LITTLE BIT OVER ON OUR TIME, BUT OBVIOUSLY THIS IS THE MOST IMPORTANT THING THAT WE AS A GOVERNING BOARD WILL DO. AND SO THANK YOU ALL FOR THE HARD WORK AND WE LOOKING FORWARD TO MAKING DECISIONS ON THIS IN APRIL AND THE MONTHS TO COME. THANK YOU. SOME OF YOU ASK QUESTIONS THAT WERE ANSWERED TODAY. SOME OF YOU ASK QUESTIONS THAT WEREN'T ANSWERED TODAY. AND WE'RE GETTING YOU ANSWERS TO THOSE QUESTIONS AS WELL. THEY JUST WEREN'T QUITE READY YET. I WOULD ECHO THAT. THANK YOU FROM REGENT KROLL. GOOD JOB. THANK YOU. OUR NEXT ITEM OF BUSINESS IS A RESOLUTION OF APPRECIATION FOR PATRICK O'ROURKE, OUR [P. 12:15 p.m. BOARD OF REGENTS DISCUSSION AND ACTION ITEMS II] OUTGOING VICE PRESIDENT, UNIVERSITY COUNSEL AND SECRETARY TO THE BOARD OF REGENTS. I'D LIKE TO ASK REGENTS GRIEGO AND SHARKEY TO PRESENT A RESOLUTION. I HAVE A QUESTION BEFORE WE DO THIS, IF WE DON'T PASS THIS RESOLUTION, DOES THAT MEAN HE STAYS IN HIS CURRENT POSITION? NO, IT JUST MEANS YOU DON'T APPRECIATE ME. WELL PLAYED, SIR. YEAH, I THINK SO. PATRICK, YOU WANT TO COME JOIN US? NOT LOOK FORWARD TO THIS DAY, CAUSE I'M REALLY SELFISH, BUT I'M REALLY LOOKING FORWARD TO THE OPPORTUNITIES AHEAD FOR YOU. SO THIS IS A RESOLUTION OF APPRECIATION TO PATRICK O'ROURKE. WHEREAS VICE PRESIDENT PATRICK O'ROURKE SERVED THE UNIVERSITY OF COLORADO FOR EIGHT YEARS AS VICE PRESIDENT, UNIVERSITY COUNSEL AND SECRETARY OF THE BOARD OF REGENTS HAVING STARTED WITH THE UNIVERSITY OF COLORADO IN 2005 AND SERVING AS MANAGING SENIOR ASSOCIATE UNIVERSITY COUNSEL FOR THE LITIGATION OFFICE BEFORE ASSUMING HIS ROLE AS VICE PRESIDENT, UNIVERSITY COUNSEL AND SECRETARY OF THE BOARD. WHEREAS IN HIS ROLE WITH UNIVERSITY COUNSEL VICE PRESIDENT O'ROURKE PROVIDED EXCEPTIONAL DEFENSE OF THE UNIVERSITY IN SEVERAL IMPORTANT LAWSUITS WHICH INFLUENCE FUTURE LEGAL DECISIONS. WHEREAS VICE PRESIDENT AND O'ROURKE OVERSAW THE SUBSTANTIAL EXPANSION AND EVOLUTION OF THE OFFICE OF UNIVERSITY COUNSEL AND ITS ROLE IN THE UNIVERSITY DURING A TIME WHEN PUBLIC INSTITUTIONS FACED INCREASING REGULATORY CHALLENGES. WHEREAS UNIVERSITY OF COLORADO ANSHUTZ MEDICAL CAMPUS VICE PRESIDENT O'ROURKE HELPED DEVELOP THE LEGAL CURRICULUM. THIS PART OF THE HUMANITIES ETHICS AND PROFESSIONALISM THREAD IN THE CURRENT SCHOOL OF MEDICINE CURRICULUM, IS CORE FACULTY FOR THE FORMED CONSENT SESSION AND FOR THE MALPRACTISE MOCK TRIAL AND TAUGHT THE COURSE ETHICAL AND LEGAL ISSUES IN PUBLIC HEALTH FOR THE COLORADO SCHOOL OF PUBLIC HEALTH FOR TEN YEARS. WHEREAS THE UNIVERSITY OF COLORADO BOULDER SCHOOL OF LAW VICE PRESIDENT O'ROUKE HAS TAUGHT HEALTH LAW TWO, MEDICAL MALPRACTISE LITIGATION AND PUBLIC HEALTH LAW AND ETHICS SINCE 2014. WHEREAS VICE PRESIDENT O'ROURKE HAS WORKED WITH UNIVERSITY OF COLORADO CENTER FOR BIOETHICS AND HUMANITIES AS A FOUNDING PROGRAM PLANNING FACULTY MEMBER FOR THE ANNUAL ASPEN ETHICAL LEADERSHIP PROGRAM, SERVING AS LEAD ADVISOR ON INTEGRATION OF COMPLEX ISSUES AND HEALTH S ETHICS AND HEALTH LAW. WHEREAS FACULTY COUNSEL APPRECIATES THE COMMITMENT TO SHARED GOVERNANCE, ACADEMIC FREEDOM AND CONSENSUS BUILDING. VICE PRESIDENT O'ROURKE DEMONSTRATED WHEN WORKING WITH FACULTY COUNSEL AND THE ACADEMIC COMMUNITY, WHEREAS VICE PRESIDENT O'ROURKE ACTED AS AN ADVOCATE AND SUPPORTER OF DIVERSITY IN THE LEGAL PROFESSION THROUGH HIS FOUR YEARS OF CONTRIBUTIONS AND LEADERSHIP ROLES TO THE CENTER FOR LEGAL INCLUSIVENESS, AS WELL AS A MEMBER OF CLIS DIVERSITY ENGAGEMENT COMMITTEE, STRATEGIC ACTION [05:35:03] PLANNING COMMITTEE, MEMBERSHIP COMMITTEE AND EDUCATION COMMITTEE. WHEREAS VICE PRESIDENT O'ROURKE HAS COMMITTED THE OFFICE OF UNIVERSITY COUNSEL IN SUPPORTING THE COLORADO PLEDGE TO DIVERSITY PROGRAM, PROMOTING CONTINUED COLLABORATION BETWEEN THE LEGAL COMMUNITY AND LOCAL LAW SCHOOLS LIKE THE UNIVERSITY OF COLORADO TO FOSTER COMMUNITY GROWTH AND PROGRESS. WHEREAS VICE PRESIDENT O'ROURKE SERVES AS A MEMBER OF THE DSST PUBLIC SCHOOLS BOARD OF DIRECTORS AND HAS CONTRIBUTED HIS PASSION FOR OPENING DOORS TO GREAT EDUCATION FOR ALL MIDDLE AND HIGH SCHOOL STUDENTS IN DENVER AND AURORA SHARED HIS ASTUTE GOVERNANCE EXPERTISE AND REGALED THE BOARD OF DIRECTORS AND DIRECTORS WITH HIS QUICK WIT. WHEREAS VICE PRESIDENT O'ROURKE HAS WORKED COMMITTEDLY TO ENSURE THE EFFECTIVE AND CONTINUED OPERATIONS OF THE BOARD OF REGENTS OF THE UNIVERSITY OF COLORADO, AND TO SUPPORT PRESIDENT BENSON, PRESIDENT KENNEDY AND THE 16 REGENTS WITH WHOM HE HAS SERVED. THEREFORE, BE IT RESOLVED THAT THE UNIVERSITY OF COLORADO BOARD OF REGENTS EXPRESSES ITS SINCERE APPRECIATION TO VICE PRESIDENT O'ROURKE FOR HIS DEDICATED SERVICE GUIDANCE AND OUTSTANDING CONTRIBUTIONS TO THE UNIVERSITY. BE IT FURTHER RESOLVED THAT THE BOARD OF REGENTS IS GRATEFUL THE VICE PRESIDENT O'ROURKE'S CONTRIBUTIONS TO THE UNIVERSITY WILL CONTINUE AS HE ASSUMES THE ROLE OF EXECUTIVE VISE CHANCELLOR AND CHIEF OPERATING OFFICER FOR THE UNIVERSITY OF COLORADO BOULDER BOULDER CAMPUS. THIS IS HEREBY ADOPTED BY THE UNIVERSITY OF COLORADO BOARD OF REGENTS ON FEBRUARY 14TH, 2020. THANK YOU, PATRICK O'ROURKE, FOR EVERYTHING YOU'VE DONE FOR CU. AND I THINK NOW THAT YOU'RE LEAVING US, YOU CAN ACTUALLY GET TO WORK FOR THE UNIVERSITY. DO I HEAR A MOTION? SO MOVED. SECOND. IT'S MOVED AND SECONDED. ALL IN FAVOR, SAY AYE. DO WE HAVE ANY DISCUSSION? AND THE MIC IS OPEN TO ANYONE WHO WANTS TO COME UP AND SAY SOMETHING. IF I COULD TAKE ONE MOMENT. THANK YOU. THIS IS VERY NICE. I WAS READING A STUDY RECENTLY IN THE JOURNAL FOR HAPPINESS STUDIES, AND THERE ACTUALLY IS SUCH A THING. AND WHAT IT DESCRIBED IS THAT THEY LOOKED AT 423 PEOPLE AND FOUND OUT THAT WHAT DETERMINED WHETHER OR NOT THEY WERE HAPPY IS NOT THEIR INNATE PERSONALITY, BUT WHETHER OR NOT THEY HAD FRIENDS. AND IN FACT, THOSE PEOPLE WHO HAD MORE THAN THREE FRIENDS WHO THEY COULD COUNT ON WERE SIGNIFICANTLY HAPPIER THAN OTHERS. AND I WANTED TO THANK ALL OF YOU FOR WHAT YOU'VE DONE FOR ME AND FOR HAVING CARED ABOUT ME FOR THE LAST EIGHT YEARS. WHETHER IT'S THE VICE PRESIDENTS, THE TOP NOTCH MEMBERS OF MY LEGAL TEAM, MY SPARRING PARTNERS AND FRIENDS ON THE EIGHTH FLOOR, THE CHANCELLORS, PRESIDENT KENNEDY AND ABOVE ALL THE REGENTS. YOU'VE BEEN MY FRIENDS AND COLLEAGUES AND I CAN'T THANK YOU ENOUGH FOR ALL THAT YOU'VE DONE. BUT I ALSO WANTED TO REFLECT FOR A MOMENT ON THE BOARD ITSELF, WHICH IS I WAS THINKING ABOUT IT. I'VE BEEN TO OVER 50 BOARD MEETINGS, 15 RETREATS, 100 COMMITTEE MEETINGS. I HEARD BRUCE BENSON'S GRADUATION SPEECH 20 TIMES. I HEARD DON ELLIMAN GIVE BRUCE BENSON'S GRADUATION SPEECH. AT ONE TIME AND I SERVED WITH 16 REGENTS AS SECRETARY IN 24 REGENTS OVERALL. AND THAT I WAS ASKED ONE QUESTION. I THINK I'M FINALLY EQUIPPED TO ANSWER, WHICH IS PEOPLE USED TO ASK ME, WHY DOESN'T THE BOARD ACT LIKE A NORMAL BOARD? AND I HAVE AN ANSWER FOR THAT. BUT IN ORDER TO BE ABLE TO ANSWER THAT, I WANT THE REGENTS TO FIRST LOOK TO THE REGENT TO YOUR LEFT, AND THEN LOOK TO THE REGENT TO YOUR RIGHT AND UNDERSTAND THAT YOU ARE NOT NORMAL PEOPLE. SO NORMAL PEOPLE DON'T DECIDE THAT THEY'RE GOING TO RUN FOR OFFICE AND SUBJECT THEMSELVES TO VOTES OF THE PEOPLE. [05:40:02] NORMAL PEOPLE DON'T GIVE HUNDREDS OF HOURS FOR A JOB THAT PAYS EXACTLY NOTHING. HUNDREDS OF PEOPLE DON'T TAKE A ROLE WHERE WHEN THINGS GO WELL, YOU DON'T GET A LOT OF THE CREDIT. WHEN THINGS GO POORLY, YOU TAKE A LOT OF THE BLAME. AND NORMAL PEOPLE DON'T TAKE ON THE ROLE OF GOVERNING A FIVE BILLION DOLLAR INSTITUTION THAT CHANGES THE LIVES OF TENS OF THOUSANDS OF PEOPLE. SO THE REASON THAT YOU'RE NOT A NORMAL BOARD IS BECAUSE YOU ARE EXTRAORDINARY PEOPLE. AND SUE IS CRYING. SO I WANTED TO THANK YOU FOR HAVING GIVEN ME THE OPPORTUNITY TO WORK WITH SUCH AN ABNORMAL AND EXTRAORDINARY GROUP OF PEOPLE. YOU'VE MADE ME A BETTER LAWYER AND A BETTER PERSON. AND I'M REALLY GRATEFUL FOR IT. WOULD ANYONE LIKE TO ADD ANYTHING? I JUST THINK IT'S GREAT THAT WE LIVESTREAMED THAT BECAUSE THAT THAT WAS PROBABLY THE MOST IMPACTFUL THING WE'VE HEARD IN OVER THESE TWO DAYS AND WE HAVE VIDEO OF PROOF OF IT NOW FOR FOREVER. YOU SAID ALL THOSE NICE THINGS ABOUT THE REGENTS. IT'S GREAT. ANY OTHER DISCUSSION? SO SO WE'RE GOING TO MISS PAT. AND IT'S HARD TO THINK THAT NONE OF US REALLY KNOW EXACTLY EVERYTHING THAT PAT DOES, BUT WE'RE GOING TO. WE'RE GOING TO FIND OUT PRETTY SOON. AND AND IT'S INCREDIBLE. YOU KNOW, PAT TOUCHES JUST EVERY PART OF EVERYTHING THAT WE DO, YOU KNOW, FROM BUDGET AND FINANCE, FROM ACADEMICS TO JUST OPERATING THE UNIVERSITY. YOU KNOW, PAT HAS BEEN CRITICALLY INVOLVED IN SO MANY THINGS ALONG THE WAY. AND, YOU KNOW, AND SOMETIMES HE HE GETS CRITICALLY INVOLVED IN THINGS THAT, YOU KNOW, SOMETIMES, YOU KNOW, WE DISAGREE ON. BUT THAT'S OK, BECAUSE THAT'S BECAUSE THAT'S WHAT IT'S ALL ABOUT. AND PAT HAS BEEN JUST AN INCREDIBLE JUST COLLEAGUE AND CONFIDANT AND JUST FRIEND TO ALL OF US FOR FOR MANY, MANY YEARS. AND TANYA, YOU COULD IMAGINE SHE PROBABLY WANT TO BE SINGING YOUR SONG RIGHT NOW, BUT SHE'S AT THE CAPITOL AND WAS UNABLE TO BE HERE. BUT SHE WANTED ME TO GIVE YOU HER HER THANKS AND HER LOVE AND THAT SHE'S LOOKING FORWARD TO CONTINUING TO WORK WITH YOU BECAUSE YOU'RE NOT GOING VERY FAR. AND PAT WILL BE AT THIS BOARD MEETING NEXT YEAR, YOU KNOW, BEING PART BEING PART OF THE CONVERSATION ABOUT ABOUT THE BUDGET AND ALL THAT. AND SO WE'RE WE'LL LOOK FORWARD TO YOU CONTINUING TO BE INVOLVED. BUT THANK YOU FOR ALL YOU'VE DONE. AND AND YOU'RE ONLY A PHONE CALL AWAY, WHICH IS A GOOD THING FOR ALL OF US, BECAUSE I THINK WE'LL BE CALLING. SO THANK YOU. PAT, I WANT OUT FOR MY THANKS FOR EVERYTHING YOU'VE HELPED ME WITH OVER THE MANY YEARS. YOU BECOME VERY GOOD PERSONAL FRIEND, CONFIDANT. AND I HAVE TOLD MANY PEOPLE SINCE YOU MADE YOUR ANNOUNCEMENT, THE SMARTEST THING I'VE LEARNED TO DO IS TO WALK DOWN TO YOUR OFFICE A COUPLE OF TIMES A DAY TO ASK YOU ABOUT THINGS I'M THINKING ABOUT. AND YOU CHANGE MY MIND VERY QUICKLY. I'VE STRAIGHTENED ME OUT AND I THINK TODD'S VERY RIGHT. I THINK NOBODY'S INDISPENSABLE BUT WHEN YOU LEAVE, WE WILL ALL FEEL IT FOR A PERIOD OF TIME, BUT THAT WILL PASS. BUT, YOU KNOW, WE'VE GOT A GREAT FRIENDSHIP. AND YOU'VE BEEN A WONDERFUL COLLEAGUE TO ALL OF US. YOU ARE THE ONE THAT WORKS WITH ALL OF US, ALL THE REGENTS, ALL THE CHANCELLORS, ALL THE VICE PRESIDENTS. AND YOU'VE DONE SO IN SUCH A PROFESSIONAL WAY. AND YOU'RE ONE OF THE SMARTEST GUYS I'VE EVER MET. AND I'VE ADMIRED THAT SO MUCH. I ALWAYS LIKE TO TAKE THE OPPORTUNITY AND MAKE DIGS AT YOU AND STUFF LIKE THAT. BUT, YOU KNOW, BUT WE HAVE YOU KNOW, WE DEVELOP A GREAT RELATIONSHIP. AND YOU'VE SERVED BOTH PRESIDENT BENSON AND PRESIDENT KENNEDY EXTREMELY WELL. AND YOU SET SOME VERY HIGH STANDARDS FOR THOSE OF US ON THE EIGHTH FLOOR. SO THANK YOU VERY MUCH. [APPLAUSE]. PAT IS TRULY AN EXTRAORDINARY PERSON AND WE ARE THRILLED THAT HE'S STILL IN THE SYSTEM. [05:45:01] AND WE WILL FIND OUT ALL THE GREAT THINGS HE'S DONE IN THE SYSTEM OFFICE. BUT AN INTRIGUING THING IF YOU WATCH, IT IS ONE THING TO GET A STANDING OVATION WHEN YOU ARE INTRODUCED. IT'S ANOTHER THING TO GET A STANDING STANDING OVATION AFTER YOU'VE SPOKEN. AND THERE IF YOU WATCH STANDING OVATIONS. THAT IS A RARE ATTRIBUTE THAT I THINK WE ALL GAVE TO PAT. AND I THINK IT'S A WELL-DESERVED THIS IS A GUY THAT AFTER HE SPEAKS, AFTER HE LEAVES, AFTER HE'S DONE THE WORK, NOT JUST AFTER HE'S INTRODUCED, HE GETS A STANDING OVATION. AND WE'RE THRILLED THAT YOU ARE GETTING THIS RECOGNITION BECAUSE YOU DESERVE IT. ARE THERE ANY OTHER COMMENTS? YES, SIR. PAT, I DIDN'T KNOW HOW TO BE A CHANCELLOR WHEN I FIRST CAME ON BOARD AND YOU MADE ME FEEL SO WELCOME AND YOU HAVE SO MUCH INTEGRITY AND HIGH ETHICAL STANDARDS. IT MADE ME BELIEVE IN SOMETHING BIGGER THAT THIS IS A SPECIAL PLACE AND YOU HAD A HUGE IMPACT ON MY LEADERSHIP AND I ALWAYS COULD TRUST YOU AND HAVE THE CONFIDENCE THAT I CAN TAKE YOUR JUDGMENT AND MAKE IT A BETTER ONE. SO THANK YOU FOR EVERYTHING YOU'RE DONE. YOU HAVE MADE ME A BETTER LEADER. THANK YOU. FINISHING UP THIS BOARD MEETING, THE BOARD IS GOING TO HAVE ABOUT A 40 MINUTE EXECUTIVE SESSION. FIVE MINUTES AFTER WE ADJOURN HERE, WE WANT TO GET HOME SOMETIME THIS AFTERNOON, I'M SURE. AND IF THERE ARE NO OTHER ANNOUNCEMENTS, REGENTS, ANYONE? DO I HAVE A MOTION TO ADJOURN? SOME MOVED. SECOND. MOVED BY REGENT KROLL, SECONDED BY LINDA, BY REGENT SCHOEMACHER. ALL IN FAVOR. THAT CONCLUDES OUR MEETING. * This transcript was compiled from uncorrected Closed Captioning.