Apr 02, 2020 Regular Board Meeting - April 2, 2020 - Remote Meeting

YEAH, WE'RE GONNA GO AHEAD AND GET STARTED HERE.

[C. 1:30 p.m. THURSDAY, APRIL 2, 2020, CALL TO ORDER/PUBLIC MEETING, Chair Glen Gallegos presiding]

[00:00:02]

THIS IS OUR FIRST REMOTE BOARD MEETING.

AND WE MAY ALSO GO DOWN IN HISTORY AS HAVING MAYBE THE VERY SHORTEST BOARD MEETING IT IN THE HISTORY OF THE UNIVERSITY.

SO JUST KEEP THAT IN MIND.

WE'RE ALSO LIVESTREAMING AND RECORDING OUR BOARD MEETING.

SO PLEASE BE AWARE THAT YOU ARE BEING RECORDED IN LIFESTREAM.

AND COULD WE HAVE REGENT SHARKEY? WILL YOU LEAD US IN THE PLEDGE OF ALLEGIANCE? WE'RE SUPPOSED TO HAVE A FLAG UP THERE.

YES. SO WHENEVER YOU HAVE A FLAG.

TAKE A LOOK AT IT AND PLEASE JOIN THE PLEDGE.

. THANKS VERY MUCH.

I KNEW THERE WAS GOING TO BE A FLAG GOING UP ANYTIME THERE, SO THAT WAS A REALLY COOL TOUCH. BECAUSE THIS IS A REMOTE MEETING WITH AN ABBREVIATED AGENDA.

WE ASKED THAT ANYONE WITH PUBLIC COMMENTS PLEASE EMAIL THEM TO THE ADDRESS LISTED ON THE AGENDA. AND SO THE FIRST ORDER OF BUSINESS THAT WE HAVE AND WE DON'T HAVE VERY MANY ACTION ITEMS, SO THIS CAN BE A REAL INFORMATIVE MEETING TODAY.

THIS IS THE APPROVAL OF THE AGENDA FOR THE APRIL 2ND, TODAY 2020 BOARD OF REGENTS MEETING . IS THERE A MOTION TO APPROVE AGENDA.

SO MOVED.

IT IS MOVED BY REGENT KROLL AND SECONDED BY REGENT HILL.

THANK YOU. IS THERE ANY DISCUSSION ON THE AGENDA? ALL IN FAVOR OF APPROVING THE BOARD OF REGENTS MEETING THE AGENDA FOR TODAY.

PLEASE SAY AYE.

AYE. THOSE OPPOSED? THE MOTION PASSES.

THE NEXT REPORT BELONGS TO THE CHAIR AND IT WILL BE A VERY ABBREVIATED REPORT.

THE COVID 19 OUTBREAK IS THE THING THAT IS TAKING ALL OF OUR TIME AT THIS POINT.

IT'S A DISASTER OF HISTORIC PROPORTIONS AND IT'S DISRUPTED EVERY PORTION OF OUR LIVES.

THAT'S WHY WE'RE CALLING IN FROM HOME AND THAT'S WHY WE DON'T HAVE STUDENTS ON CAMPUS.

AND THAT'S WHY WE'RE WORKING ON.

ON WHAT ARE OUR NEXT PART OF THE YEAR AND NEXT YEAR WERE GOING TO LOOK LIKE.

SO. DURING THIS PARTICULAR TIME, IT'S BEEN PRETTY AMAZING HOW MANY PEOPLE HAVE WORKED HARD IN GETTING US TO WHERE WE ARE.

I THINK IT WAS IMPORTANT THAT WE WORRIED MOST ABOUT THE SAFETY AND HEALTH OF OUR STUDENTS AND OUR FACULTY.

AND I THOUGHT WE DID THAT VERY WELL IN MAKING THE DECISIONS THAT WE DID.

I'D ALSO LIKE TO JUST THANK THE BOARD OF REGENTS FOR THE AMOUNT OF TIME THAT THEY HAVE PUT IN NOT ONLY ON THIS VIRUS DEAL, BUT ON ALL OF THE OTHER THINGS THAT WE'VE DONE IN TERMS OF DOING THE REGENTS BUSINESS AND MAKING SURE THAT THAT WE'RE STRATEGICALLY LEADING THIS UNIVERSITY AND THIS BOARD.

SO LOTS OF PEOPLE TO THANK.

AS I SAID IN A COMMUNICATION A COUPLE DAYS AGO, LOTS OF LOTS OF PEOPLE THAT HAVE DONE A REALLY GOOD JOB. AND I'M NOT GOING TO GO THROUGH ALL OF THOSE RIGHT NOW, BECAUSE I THINK THAT AS THIS MEETING UNFOLDS, YOU'LL SEE A LOT OF THOSE PEOPLE THAT ARE BEING THANKED.

BUT I REALLY WANT TO CALL ATTENTION TO OUR FACULTY AND OUR STAFF WHO HAVE TAKEN AND AND THEY'VE TAKEN THE CLASSES THAT THEY WERE ASSIGNED TO AND THE STUDENTS.

AND THEY'RE CONTINUING TO DO THINGS ONLINE AND VISUAL AND LOTS OF DIFFERENT THINGS IN ORDER TO MAKE SURE THAT OUR STUDENTS CONTINUE TO LEARN AND TO COMPLETE THEIR DEGREES.

I THINK OUR HEARTS SHOULD GO OFF TO THEM FOR ALL OF THE WORK THAT THEY'RE DOING.

I WAS PRETTY MUCH DROPPED EVERYTHING THAT THEY WERE DOING IN THEIR CLASSES AND MOVED TO THAT. SO, AGAIN, LOTS OF PEOPLE DOING LOTS OF THINGS WELL.

AND I THINK THAT YOU'LL BE NOTICED IN IN A LITTLE BIT.

BUT WITH THAT, THAT'S THE END OF MY REPORT.

AND I'D LIKE TO TURN IT OVER AT THIS POINT TO PRESIDENT KENNEDY.

CHAIRMAN, THANK YOU SO MUCH.

I, TOO, AM APPRECIATIVE FOR THE ENGAGEMENT AND SUPPORT OF THE REGENTS DURING THESE CHALLENGING TIMES.

I'M ESPECIALLY ESPECIALLY APPRECIATIVE OF THE EXTRA EFFORTS AND THE CREATIVITY THAT WE'RE SEEING FROM OUR FACULTY AND STAFF WERE DEVOTED TO DELIVERING THE BEST POSSIBLE EDUCATIONAL EXPERIENCE TO OUR STUDENTS DESPITE THE SUDDEN NEED TO DO SO REMOTELY.

[00:05:03]

AND THEY SHOULD KNOW THAT WE ARE ALL COMMITTED TO DOING ANYTHING WE CAN TO HELP.

IT IS AMAZING TO SEE OUR MEDICAL PROFESSIONALS HAVE SO QUICKLY EMBRACED DIGITAL MEANS TO PROVIDING CLINICAL CARE WITH POSSIBLE.

I'M APPRECIATIVE TO OUR CHANCELLORS AND THEIR TEAMS THAT ARE DEMONSTRATING INCREDIBLE LEADERSHIP. THEY JOIN ME IN THINKING EVERY DAY ABOUT HOW CAN WE HELP ALLEVIATE THE STRESS MANY FEEL DURING THESE UNCERTAIN TIMES.

WHETHER IT BE BY DELIVERING MENTAL HEALTH SUPPORT DIGITALLY OR WORKING TO ENSURE THAT ALL FEEL WELCOME AND INCLUDED AT CU.

EVERYONE AT C.U.

HAS BEEN DEVOTED TO LEADING DURING THIS PANDEMIC.

WE MOVE TO REMOTE TEACHING EVEN BEFORE WE HAD A CONFIRMED CASE ANY CAMPUS.

WE MOVED TO WORK AT HOME BEFORE BEING TOLD TO BY EITHER OUR CITIES OR THE STATE.

WE HAVE PARTNERED WITH OUR FELLOW HIGHER ED CEOS TO MAKE THE CASE AT BOTH THE FEDERAL AND STATE LEVEL THAT WE NEED SUPPORT FOR OUR STUDENTS, BUT ALSO FOR PRESERVING THE VITALITY OF OUR INSTITUTIONS OF HIGHER LEARNING.

DURING THIS CRISIS, WE HAVE STEPPED UP TO PARTNER WITH THE STATE, WHETHER IT BE BY OFFERING THE COUNCIL OF OUR PUBLIC HEALTH PROFESSIONALS, THE ENGAGEMENT OF OUR BIOMEDICAL ENGINEERING PROFESSORS, AND EXPANDING PRODUCTION OF CRITICALLY NEEDED EQUIPMENT, OFFERING OUR BUILDINGS AS A PLACE OF CARE OR DILIGENTLY EXPLORING BREAKTHROUGHS IN THERAPIES FOR THIS DISEASE. AGAIN, A SHOUT OUT TO THE WOMEN AND MEN AT THE FOREFRONT OF MEDICINE AND RESEARCH IN RESPONDING TO COVID 19 TIMES LIKE THIS DEMONSTRATE JUST WHAT A JEWEL CU, COLORADO AND THE REGENT HAVE WITH THE CU ANSCHUTZ MEDICAL CAMPUS.

THE CAMPUS IS PLAYING A SIGNIFICANT AND LEADING ROLE, AND WHILE WE'RE FOCUSED ON WHAT IS IMMEDIATELY IN FRONT OF US CONTINUING OUR MISSION, ENSURING HEALTH AND SAFETY, WE ARE ALSO LOOKING ON THE HORIZON FOR SHORT AND LONG TERM CHALLENGES AND OPPORTUNITIES AT CU.

IS YOU BECAUSE WE HAVE ALWAYS LED AND WE ARE COMMITTED TO DOING SO UNDER THE GUIDANCE OF THE REGENTS TODAY.

WE HAVE LED DURING THIS TRIAGING TO THE ONSET OF THE PANDEMIC.

WE WILL LEAD AS WE STABILIZE AFTER THE SURGE THAT IS EXPECTED IN THE WEEKS AHEAD.

AND WE'RE COMMITTED TO LEADING AND TRANSFORMATION TO ENSURE WE CONTINUE AS A VITAL RESOURCE FOR OUR STATE OR OUR STUDENTS, HELPING THEM SUCCEED IN THE BRAVE NEW POST PANDEMIC WORLD AHEAD.

THAT'S MY REPORT. CHAIRMAN.

THANK YOU VERY MUCH. THE NEXT ORDER OF ON THE AGENDA IS THE GOVERNANCE LEADERS REPORT.

[D. 2:25 p.m. GOVERNANCE LEADERS REPORTS]

IF NOT, THEN REGENTS, YOU'VE HAD A CHANCE TO READ THEIR REPORTS.

THEY WERE INFORMATIVE AND I THINK THAT A COUPLE OF COMMENTS THAT I WOULD MAKE IS HOW BUSY AND ACTIVE STAFF COUNCIL IS UNDER RYAN'S LEADERSHIP AND THE NUMBER OF THINGS THAT THEY DO IN ORDER TO ADVOCATE FOR THEMSELVES AND ALSO FOR THE UNIVERSITY OF COLORADO.

I THINK THEY'RE DOING A TREMENDOUS NUMBER OF THINGS.

I ALSO KNOW THAT THE FACULTY COUNCIL CHAIR, JOANNE ADDISON, HAS WORKED HARD AT SOME DIFFERENT THINGS AND THEY HAVE BEEN A BIG HELP IN TERMS OF THE UNIVERSITY OF COLORADO.

ONE OF THE THINGS THAT I WOULD ASK HER TO DO AT ONE OF OUR NEXT MEETINGS, WHENEVER THAT MIGHT BE, IS TO TALK ABOUT SHARED GOVERNANCE AND WHAT SHE FEELS THE STRENGTHS AND THE WEAKNESSES OF SHARED GOVERNANCE ARE AND HAVE BEEN IN THE PAST.

BUT CERTAINLY IN THE LAST YEAR, I THINK THAT WOULD BE INFORMATIVE FOR THE BOARD TO HEAR THAT. AND ALSO, I KNOW THAT THEY'RE GETTING READY TO DO ELECTIONS FOR THEIR FACULTY SENATE AND IT'LL BE INTERESTING TO SEE HOW THOSE ARE GOING TO GO AND AND WHO MAY LEAD THE FACULTY COUNCIL NEXT YEAR.

I DON'T KNOW IF YOU HAD A CHANCE TO READ THE REPORT FROM THE STUDENTS THAT MAKE UP THE ENTIRE CAMPUS FORUM, BUT IT WAS INFORMATIVE TO ME BECAUSE THEY STRESSED EXACTLY HOW MUCH

[00:10:03]

AND IF YOU HAVEN'T HAD A CHANCE TO READ IT, YOU NEED TO GO THROUGH AND DO THAT.

I THINK SOMETIMES WE FORGET EXACTLY WHAT THEY'RE GOING THROUGH.

THE OTHER THING THAT THEY STRESSED WERE THAT WE CONTINUE TO WORK OUT WHAT'S FAIR WITH REGARD TO WHAT'S COMING BACK TO THEM AND AND AND IN IN A TIMELY MANNER.

I THINK ONE OF THE COMMENTS THAT THEY USED WAS THAT THIS IS AN UNPRECEDENTED SITUATION.

AND THEY KNOW THAT IT'S GOING TO TAKE A LITTLE BIT OF TIME, BUT THEY'RE HOPING THAT WE WILL WORK WITH THEM. THEY ALSO TALKED ABOUT HOW THEY'RE HOPING THE REGENTS WILL BE ABLE TO UNDERSTAND WHERE THEY'RE AT IN TERMS OF THEIR CLASSES AND FINISHING THEIR DEGREES.

AND THAT WE WILL LOOK AT SOME WAYS WHICH I KNOW THAT EACH CAMPUS IS WITH REGARD TO PASS FAIL, WITH REGARD TO SOME LENIENCY, WITH REGARD TO SOME OTHER THINGS THAT ARE GOING TO DO TO MAKEUP, HOW THEY COMPLETE THEIR DEGREES AND WHETHER THEY CAN GRADUATE ON TIME.

AND THE WHOLE THING. I THOUGHT IT WAS A TOUCHING REPORT FROM OUR STUDENTS AND THEN THEY WENT AHEAD AND TALKED ABOUT CAMPUS UPDATES.

AND IT'S AMAZING HOW MUCH THEY'VE BEEN DOING FOR EACH OTHER AS WELL ON THEIR CAMPUSES AS THEY HAVE HAD KIND OF THEIR WHOLE SPRING TERM COME TO AN END.

AND HAVING TO MOVE HOME AND AND TO DEAL WITH THIS WITH THIS VIRUS SO VERY INTERESTING TO SEE WHAT THE ISSUES AND IDEAS WERE THAT THEY CAME UP WITH.

AND, YOU KNOW, WE NEED TO MAKE SURE AS REGENTS THAT WE ALWAYS ARE REPRESENTATIVE OF THOSE THREE GROUPS OF PEOPLE THAT REALLY ARE THE PEOPLE THAT MAKE UP THE UNIVERSITY OF COLORADO, THE STAFF COUNCIL, FACULTY, COUNCIL, AND ESPECIALLY THE STUDENTS.

SO I AND I KNOW THAT THIS GROUP OF REGENTS GOES OUT OF THE WAY TO MAKE SURE THAT STUDENTS ARE GETTING A FAIR DEAL AND A FAIR EDUCATION AND THOSE KINDS OF THINGS.

SO FOR THAT, I WOULD THANK YOU.

BUT AGAIN, I THOUGHT THAT THE REPORTS WERE CONCISE AND ESPECIALLY THE STUDENTS.

ONE REALLY TOUCHED ME A LITTLE BIT.

AND IT'S NOT VERY LONG, BY THE WAY.

SO WITH THAT.

GLEN. CAN I JUST INTERRUPT FOR A SECOND.

DIANNE AND JOANNE ARE BOTH ON.

I DON'T KNOW THEY MIGHT WANT TO.

OK. NOT AT ALL.

OUR ICSF CHAIR IS HERE, TOO.

OKAY, GREAT. WE'LL WE'LL START WITH WITH RYAN AND THANK YOU, REGENT SMITH FOR THAT.

RYAN, WE READ YOUR REPORT IF YOU WANT TO MAKE A COMMENT OR REGENTS HAVE A QUESTION.

WE'LL GO AHEAD AND TAKE A COUPLE OF MINUTES TO DO THAT.

SO RYAN WE'LL GIVE YOU THE FLOOR.

SURE. THANK YOU. AND I DON'T HAVE MUCH TO ADD.

I APPRECIATE THE COMPLIMENT AND RECOGNITION OF THE HARD WORK THAT UCSC AND THEN ALL OF OUR CAMPUS COUNCILS ARE DOING.

AND I'M OPEN FOR QUESTIONS.

THANK YOU. REGENTS.

QUESTIONS, COMMENTS.

I WOULD JUST LIKE TO THANK ALL THE STAFF OUT THERE FOR ALL THE WORK THAT THEY CONTINUE TO DO IN THE MIDST OF ALL THIS.

YOU KNOW, IT'S IT'S NOT SO MUCH THAT WE'RE WORKING FROM HOME NOW.

IT'S THAT WE'RE WORKING IN AN UNPRECEDENTED GLOBAL PANDEMIC.

AND SO TO RYAN AND ALL YOUR OTHER FELLOW STAFF MEMBERS, THANK YOU FOR ALL THE WORK THAT YOU'RE DOING, BECAUSE I KNOW THAT YOU ALL ARE PUTTING IN THE HARD WORK NOW SO THAT WHEN DO THINGS GET INTO NORMAL, WE WILL GET BACK TO IT WITHOUT MISSING A BEAT.

SO THANK YOU. I'LL PASS THAT ALONG TO OUR STAFF.

WE'LL MOVE NEXT TO JOANNE.

THANKS FOR YOUR TIME AS WELL.

AND JOANNE, WE APPRECIATED YOUR REPORT.

AND IF YOU HAVE A COMMENT OR QUESTION OR REGENTS HAVE A QUESTION, WE'LL TURN IT OVER TO YOU AT THIS POINT. THANK YOU, CHAIR.

I WOULD JUST IN ADDITION TO MY REPORT, I WOULD JUST SAY THAT WE APPRECIATE AND RECOGNIZE HOW HARD EVERYONE IS WORKING IN THIS REALLY, REALLY DIFFICULT TIME.

AND FOR US, SHARE GOVERNANCE BECOMES MORE IMPORTANT THAN EVER IN TERMS OF REALLY HELPING EACH OTHER FIND OUR WAY THROUGH THIS.

AND SO I APPRECIATE THE SUGGESTION THAT WE TAKE SOME TIME TO REALLY UNDERSTAND THE STATE OF SHARED GOVERNANCE AND SEE YOU IN AND TRY TO IMPROVE IT.

TO THE REGENT.

ANYTHING YOU'D LIKE TO ADD? I WOULD JUST LIKE TO ADD THAT, YOU KNOW, I HAVE BEEN IN CONTACT WITH A LOT OF MY FACULTY FRIENDS ON THE BOULDER CAMPUS AS WELL AS DENVER, AND I KNOW IT'S BEEN REALLY STRESSFUL THIS SWITCH SO QUICKLY AND SPRING BREAK WAS NOT MUCH OF A SPRING BREAK AS YOU WERE TRYING TO GET READY FOR ONLINE.

AND IF YOU HAVE KIDS AT HOME AND THEY'VE STARTED UP SCHOOL AGAIN, IT'S A STRESSFUL TIME.

AND WE ALL ARE AWARE OF THAT.

AND WE ARE VERY APPRECIATIVE OF ALL THE WORK THAT YOU'RE DOING.

THANKS. ANYONE ELSE.

[00:15:03]

HI, ANNA. THANK YOU FOR YOUR TIME.

IF YOU'D LIKE TO MAKE A COUPLE OF COMMENTS OR IF REGENTS HAVE QUESTIONS.

NOW WOULD BE A GOOD TIME.

I DON'T REALLY HAVE ANYTHING ELSE TO ADD.

I WAS ANTICIPATING BECAUSE THINGS ARE CHANGING SO RAPIDLY, I WAS ANTICIPATING THAT THERE WOULD BE SOME CHANGES.

BUT I THINK EVERYTHING IS PRETTY MUCH UP TO DATE FROM OUR REPORT.

AND I'M I'M HAPPY TO TO BE HERE.

I WAS DISAPPOINTED TO NOT BE ABLE TO BE HERE IN PERSON SINCE THE ONLY TIME I'VE BEEN ABLE TO MAKE A MEETING IN PERSON WAS SEEMS LIKE SO LONG AGO.

BUT I JUST WANTED TO CONVEY HOW IMPRESSED I AM WITH MY COUNTERPART IN THE OTHER CAMPUSES.

THEY'RE DOING AMAZING THINGS AT ANSCHUTZ.

WE ARE YOU KNOW, WE'RE WORKING HARD.

IT'S A WHOLE DIFFERENT BALLGAME THERE WITH THE VARIOUS MEDICAL SCHOOLS AND JUST BEING KIND OF SEPARATE ON CAMPUS.

BUT WE'RE HANGING IN THERE AND GLAD TO BE HERE TODAY.

REGENTS, ANYTHING YOU'D LIKE TO ADD? YEAH. I JUST WANTED TO CHECK IN AND SEE IF WE HAVE AN UPDATE ON WHERE WE'RE AT WITH OUR PASS FAIL GUIDELINES.

IF WE'VE MADE ANY ADJUSTMENTS, I'M STARTING TO HEAR, YOU KNOW, I'M IN A CLASS MYSELF AND WE'RE STARTING TO HEAR RUMBLINGS FROM OUR FACULTY MEMBERS AT THE DENVER CAMPUS.

SO ANY UPDATES THERE FROM THE CAMPUSES WOULD BE GREAT.

I WILL SAY REGENT KROLL THAT MINUTES AGO A JOINT LETTER FROM EACH CHANCELLOR AND I TO EACH CAMPUS HAS GONE OUT, NOT JUST TALKING ABOUT THE DELAY IN THE DECISION ON ANYTHING HAVING TO DO WITH TUITION FEES OR COMPENSATION, BUT ALSO SUGGESTING THAT WE'VE REACHED THAT A UNIFIED CONCLUSION AS IT RELATES TO PASS FAIL, WHICH IS BOTH THAT WE'VE EXTENDED THE FLEXIBILITY FOR EACH CAMPUS TO DO THAT.

THERE'S REQUIREMENTS COMING AT US FROM CCHE THAT FOR PURPOSES OF TRANSFERABILITY OF CREDITS AND FOR PURPOSES OF IT'S SERVING AS A PREREQUISITE, WE CAN ONLY HAVE AND WE HAVE TO HAVE A DESIGNATION A, B, C, MINUS AND ABOVE.

SO ALL CAMPUSES, I BELIEVE ARE MOVING AND WILL BE COMMUNICATED IN MORE DETAIL TO PASS PLUS THE PASS AND FAIL PASS PLUS MEETING C MINUS AND ABOVE.

AND THAT OPTION AND FLEXIBILITY IS BEING GIVEN TO STUDENTS WHENEVER IT CAN BE, BUT NOT ALL COURSES. AND SOME PEOPLE NEED TO HAVE CREDIT AND SOME PEOPLE NEED TO HAVE COUNSELING TO MAKE SURE TO REALLY THINK THROUGH.

DO YOU WANT TO GO FOR THE GRADE? YOU WANT TO GO FOR THE PASS FAIL.

SO WE'RE ALSO TRYING TO EXPAND THE LEVEL OF ADVICE THAT WE'RE GIVING TO THE STUDENTS DURING THIS TIME, THAT THERE SHOULD BE CLARITY ON THAT IN ALL CAMPUSES, IF NOT AT THIS MOMENT BY THE END OF TODAY.

THANK YOU. THANK YOU.

THIS IS LINDA, QUICK QUESTION.

YOUR FIRST POINT, ANNA, IN YOUR REPORT IS ABOUT MENTAL HEALTH SERVICES AND THE FACT THAT STUDENTS ON THE BOULDER CAMPUS WHO WHO ARE NO LONGER ACTUALLY IN THE STATE ARE NOT ABLE TO QUALIFY FOR THOSE SERVICES.

I'M WONDERING IF THERE WAS ANY KIND OF UPDATE ON THAT OR ANYTHING THAT WE CAN DO ABOUT.

REGENT, IF I MAY SHOW.

SO REGENT SHOEMAKER, WHAT WE'VE DONE IS THAT, YOU KNOW, MENTAL HEALTH AND PHYSICAL WELLNESS IS A CRITICAL PRIORITY.

AND OUR TEAMS HAVE COME TOGETHER TO LOOK AT CURRENT NEEDS.

WE'RE DOING AFTER HOURS, MENTAL SUPPORT IS OFFERED TO STUDENTS.

WE'RE DOING VIRTUAL WALK INS TO MEET WITH THERAPISTS ONLINE IN INDIVIDUAL SESSIONS WITHOUT AN APPOINTMENT FOR STUDENTS OUTSIDE OF COLORADO.

OUR TRIAGE COUNSELORS ARE WORKING WITH STUDENTS TO CONNECT WITH PROVIDERS IN THEIR HOME STATE FOR THE CONTINUED CARE.

AND WE'RE WORKING TO DEVELOP OTHER ONLINE GROUPS AND WORKSHOP BASED SERVICES.

SO THAT'S ALL MOVING FORWARD NOW.

THANK YOU, CHANCELLOR. ALL RIGHT.

REGENT GALLEGOS.

IF IF I COULD FOLLOW ON REAL QUICKLY FROM WHAT CHANCELLOR DISTEFANO SAID, THIS IS AN ISSUE WHERE THE DEPARTMENT OF REGULATORY AGENCIES IN COLORADO HAS MADE IT EASIER FOR PHYSICIANS TO BE ABLE TO COME INTO COLORADO WITHOUT HAVING COLORADO LICENSES IN PRACTICE, BUT THAT THERE STILL SOME RESTRICTIONS ON OUR ABILITY TO PROVIDE SERVICES OUT OF STATE

[00:20:03]

AND SO THAT'S ONE OF THE REASONS WHY WE'RE WORKING WITH THE PROVIDERS IN THE COMMUNITIES WHERE THE STUDENTS ARE IS TO MAKE SURE THAT THERE AREN'T LICENSURE IMPLICATIONS FOR OUR MENTAL HEALTH PROVIDERS AND OTHERS UNDER THE LICENSING REGIME.

ANYBODY ELSE WOULD LIKE TO FOLLOW UP.

THANK YOU. I WOULD LIKE TO MAKE A COMMENT.

LIKEWISE WITH THE FACULTY, I KNOW THERE ARE A LOT OF STRESSES ON THE STUDENTS.

I ACTUALLY HAVE A STUDENT AT HOME AS REGENT CARSON AND I FEEL EXTREMELY BADLY FOR THE SENIORS. I JUST CAN'T EVEN IMAGINE HOW IT FEELS.

ALL OF SUDDEN, ONE DAY TO THE NEXT SCHOOL OVER, MOVE OUT.

GO BACK HOME. GRADUATION, SPRING, ATHLETES AND SO FORTH.

SO WE ARE AWARE OF THIS AND WE ARE WORKING HARD TO TRY TO MAKE IT AS NORMAL OF A SENIOR YEAR. MAYBE EXTENDING IT WITH THE GRADUATION THE FOLLOWING YEAR AND SO FORTH.

SO WE'RE WE'RE VERY AWARE OF THOSE ISSUES, TOO.

FOR OUR SENIORS ON OUR CAMPUSES.

THANK YOU VERY MUCH. YOU THINK WE'RE READY TO MOVE ON UNLESS THERE ARE OTHER COMMENTS OR QUESTIONS AND AGAIN, OUR GOVERNANCE PEOPLE, THANK YOU FOR BEING HERE AND FOR ALL THAT YOU DO FOR THE UNIVERSITY.

OUR NEXT ITEM IS THE CONSENT AGENDA.

[E. 2:30 p.m. CONSENT AGENDA]

THE UPDATED CONSENT AGENDA ITEMS ARE LISTED ON BOARD DOCS.

SO IF YOU'VE SEEN THE CONSENT AGENDAS OR MOTION TO APPROVE THE CONSENT AGENDA ITEMS. NO ONE WANTS TO MAKE A MOTION TO APPROVE THAT.

SO MOVED. WE HAVE A MOTION BY REGENT SHOEMAKER AND A SECOND BY.

WHO WAS THAT? I SECONDED IT.

OK. AND SO THEN.

WE'RE READY TO VOTE.

ALL IN FAVOR OF APPROVING THE CONSENT AGENDA SAY AYE.

AYE.

ALL RIGHT. OPPOSED SAY NO.

THE MOTION PASSES 9 0.

NOW TO OUR AUDIT COMMITTEE DISCUSSION AND ACTION ITEMS, AND THE FIRST ON THE LIST IS

[F. 2:40 p.m. AUDIT COMMITTEE DISCUSSION AND ACTION ITEMS]

YEAH. THANK YOU. THANK YOU, CHAIR GALLEGOS.

WE HAD OUR QUARTERLY AUDIT COMMITTEE MEETING ON MARCH 4TH AT 1800 GRAND.

IT'S HARD TO BELIEVE. THAT WAS LESS THAN A MONTH AGO WE WERE ALL MEETING LIVE IN PERSON AROUND A TABLE AND HOW MUCH THE WORLD HAS CHANGED IN JUST A FEW SHORT WEEKS, BUT WE HAD A GOOD MEETING. WE COVERED THE VARIOUS TIPS AND COMPLAINTS WE GET THROUGH THE HOTLINE AND HOW THOSE ARE RESPONDED TO BY THE AUDITORS OR OTHER APPROPRIATE FOLKS.

WE COVERED THE PROCESS FOR SELECTING A NEW UNIVERSITY AUDITOR EVERY 10 YEARS.

WE HAVE TWO UNDER.

UNDER LAW, WE HAVE TO SELECT A NEW AUDIT FIRM TO DO THE UNIVERSITY'S FINANCES, AND THAT NEW FIRM WILL BE SELECTED BY AND IN PLACE BY THE SUMMER.

AND YOU CAN HEAR MY DOG IN THE BACKGROUND THERE.

I THINK. SORRY ABOUT THAT.

WE WILL ALSO WE ALSO HAD A GOOD DISCUSSION OF A REPORT DONE BY THE AUDIT FOLKS ON THE STUDENT HEALTH PLANS.

AND THAT'S A VERY THOROUGH REPORT ABOUT HOW THE FEES AND OPTIONS ARE PUT IN PLACE FOUR THE VARIOUS HEALTH PLANS.

AND THAT HAS CERTAINLY TURNED OUT TO BE A VERY TIMELY REPORT WITH ALL OF THE HEALTH ISSUES WE'VE HAD GOING ON.

CERTAINLY GAVE ME A LOT OF THINGS TO REFLECT UPON.

SO IF ANY OF YOU ARE INTERESTED IN THAT, I AGAIN, THAT SAY ABOUT A 10 PAGE REPORT THAT'S OUT THERE FOR FOLKS TO REVIEW.

THAT'S ALL I HAVE TO REPORT.

AND THANK YOU TO THE COMMITTEE MEMBERS AND KEVIN SISEMORE AND HIS TEAM.

YOU WANT TO TALK ABOUT THE INSURANCE REPORT.

IN FACT, IT WAS GONNA BE KEYED UP, BUT WE TOOK IT OFF THIS AGENDA.

SURE, I'LL TALK ABOUT THAT.

[00:25:01]

I THINK THE INTERNAL AUDIT REPORT POINTS OUT THAT THERE'S SOME LEGAL IMPLICATIONS TO HOW WE ARE IMPLEMENTING STUDENT HEALTH INSURANCE ON THE VARIOUS CAMPUSES.

WE WOULD LIKE THE OPPORTUNITY TO DRAFT UP A MEMO TO YOU THAT LAYS OUT WHAT THOSE ISSUES ARE. AND SO JEREMY HEWITT ON MY TEAM, ALONG WITH KATHY NESBITT ON THE HR SIDE, WHICH OVERSEES ALL THE INSURANCE PROGRAMS, INCLUDING STUDENT INSURANCE.

WE WILL BE TRYING TO GET THAT WRAPPED UP BY THE END OF NEXT WEEK.

AND THAT WILL COME WITH AN OFFER TO MEET WITH THE BOARD, PROBABLY AT THE MAY MEETINGS IF THE BOARD CAN ASK QUESTIONS OF BOTH MY OFFICE AND OF KATHY NESBITT.

WITH RESPECT TO THAT.

SO WE HOPE TO KEEP THAT UP FAIRLY QUICKLY.

REGENT CARSON. SO WE WEREN'T STALLING FOR TIME ON THAT.

NO, NO, THAT'S GOOD.

I THINK IT'S A VERY TIMELY TOPIC.

OBVIOUSLY, WITH THE HEALTH ISSUES.

GREAT. ALL RIGHT.

GOVERNANCE COMMITTEE DISCUSSION AND ACTION ITEMS.

[G. 2:45 p.m. GOVERNANCE COMMITTEE DISCUSSION AND ACTION ITEMS]

THANK YOU, CHAIR GALLEGOS.

THE GOVERNANCE COMMITTEE MET ON MONDAY, MARCH 9TH.

AND WE ALSO MET ON TUESDAY, MARCH 24TH.

A LOT CHANGED BETWEEN MARCH 9TH AND MARCH 24TH.

SO THAT PRECIPITATED A SPECIAL MEETING ON THE 24TH.

THE COMMITTEE MEMBERS THAT WERE PRESENT AT THE MARCH 9TH MEETING WERE MYSELF AND THE COMMITTEE VICE CHAIR REGENT GRIEGO AND REGENT GANAHL AND REGENT JACK KROLL.

AND THEN WE WERE ALSO JOINED AT THAT MEETING BY MARK KENNEDY AND SEVERAL OF THE UNIVERSITY STAFF MEMBERS.

THE MARCH 24TH MEETING WAS CONDUCTED REMOTELY.

SO AT THE MARCH 9TH MEETING, IT BEGAN WITH PRESIDENT KENNEDY AND DEAN [INAUDIBLE] PRESENTED AN UPDATE ON THE STRATEGIC PLAN.

AND AS THE IT STUDY BY DELOITTE CONCLUDED, THE TAC ENABLEMENT GROUP WILL BE ABLE TO MOVE FORWARD. ALL THE WORKING GROUPS ARE WORKING REALLY HARD TO REFINE METRICS AND DEVELOP ACTION STEPS AND THE STRATEGIC PLAN.

LEADERS WANT TO MEET WITH THE REGENTS TO DISCUSS A STRATEGIC PLAN AND GET FEEDBACK BEFORE THE RETREAT. AND THE GOAL IS TO BUILD TO PRESENT THIS STRATEGIC PLAN AT THE RETREAT.

AND THAT WAS DISCUSSED ON MARCH 9TH.

ALL THOSE THINGS HAVE CHANGED SINCE THEN, BUT THAT WAS THE CONVERSATION THEN AND.

SO THIS ALL MAY BE DELAYED JUST BECAUSE OF THE CURRENT EVENTS.

SO PATRICK O'ROURKE, EXECUTIVE VICE CHANCELLOR AND CHIEF OPERATING OFFICER FOR STEVE [INAUDIBLE], AND FELICITY O'HALLORAN, CHIEF HUMAN RESOURCES OFFICER FOR THE CU SYSTEM, PROVIDED THE COMMITTEE WITH INFORMATION ON PROPOSED CHANGES TO REGENT POLICY 13 G CONTRACTUAL INDEMNIFICATION OF CONTRACTORS POLICY 14 A USE OF THE UNIVERSITY SEAL AND NEW REGENT LAW ARTICLE 8 AND POLICY 8.

CONDUCT OF MEMBERS OF THE UNIVERSITY COMMUNITY.

REGENT LAW ARTICLE 2B.

MEETINGS. POLICY 2C.

REGENT COMMITTEES AND POLICY 2F BOARD MEETINGS.

THESE CHANGES ALL MOVE FORWARD IN THE REVIEW PROCESS AND THE COMMITTEE WILL FURTHER DISCUSS POLICY 2F BEFORE FULL BOARD VOTE.

NEXT. THE COMMITTEE DISCUSSED THE UPCOMING SUMMER RETREAT AND THE COMMITTEE DISCUSSED WHAT PRIORITIZED FOUR TOPICS AND HOW TO STRUCTURE THE AGENDA.

AND THEN THE RETREAT WAS FURTHER DISCUSSED AT THE MARCH 24TH MEETING.

SINCE THERE ARE SO MANY UNKNOWNS AT THIS TIME, THE BOARD DISCUSSED THE POSSIBILITY OF DELAYING THE JULY RETREAT.

HOWEVER, WE DECIDED TO KEEP THE DATES AVAILABLE RESERVED ON THE CALENDAR UNTIL FURTHER NOTICE. AND BECAUSE OF THE UNCERTAINTIES, WE'VE DECIDED WE WILL NOT BE GOING TO DEVIL'S THUMB RANCH IN JULY.

BUT IT'S OUR HOPE THAT SOMETIME IN THE FUTURE THAT WE CAN RETURN, THAT WE CAN DISCUSS RETURNING TO DEVIL'S THUMB.

BUT WE ESPECIALLY WANT TO RECOGNIZE AND APPRECIATE THE SUPPORT THE DEVIL'S THUMB HAS PROVIDED TO CU.

AND WE CERTAINLY DO HOPE THAT WHEN THINGS IMPROVE THAT WE'LL BE ABLE TO RETURN THERE.

AND WE HOPE THAT'LL BE SOON.

THE COMMITTEE IS SCHEDULED TO MEET AGAIN ON MAY 20TH, AND THAT CONCLUDES THE GOVERNANCE

[00:30:07]

AND I'LL TURN IT OVER NOW TO DAN WILKERSON.

AND I'M BACK ON.

HI.

SORRY. I WAS LOOKING AT IT AT MY OTHER SCREEN SO THAT I COULD MAKE SURE THAT I HAD THOSE.

THESE POLICY CHANGES.

AND I DON'T MEAN TO DEFER HERE, BUT THESE THESE ARE POLICY CHANGES THAT WERE DRAFTED BY PATRICK O'ROURKE. AND BECAUSE I KNOW HE'S ON THE CALL, I THINK IT MAY BE BEST TO HAVE HIM ADDRESS THOSE POLICY CHANGES.

I WOULD CATEGORIZE FOR THE MOST PART THAT THESE ARE CLEAN UPS AND UPDATES WITH THE EXPECTED EXCEPTION OF POLICY 2F, WHICH, AS YOU NOTED, CHURCH HIERARCHY IS GOING TO BE GOING BACK TO THE GOVERNANCE COMMITTEE FOR SOME FURTHER DISCUSSION.

AND THAT HAS TO DO WITH HOW WE CONDUCT OUR BOARD MEETINGS THEMSELVES.

WITH THAT, I'D LIKE TO INVITE PATRICK IF YOU'D LIKE TO COMMENT.

THANK YOU, DAN.

AND THANK YOU REGENT SHARKEY.

THE POLICIES ALL RUN YOU THROUGH THEM VERY BRIEFLY.

THERE'S PROBABLY TWO OF THE POLICIES THAT ARE MORE SIGNIFICANT THAN SOME OF THE OTHER ONES, WHICH DAN CORRECTLY CHARACTERIZED AS CLEANUP.

THERE WERE TWO POLICIES THAT I BROUGHT FORWARD BEFORE THE GOVERNANCE COMMITTEE'S CONSIDERATION, BUT THAT THOSE HAD BEEN CHANGES THAT PRESIDENT KENNY HAD PREVIOUSLY DISCUSSED WITH YOU. THE FIRST ONE OF THOSE DEALS WITH HOW THE COMMITTEES SET THEIR AGENDAS AND TRADITIONALLY THE CHAIR OF THE COMMITTEE HAS HAD THE ABILITY TO SET THE AGENDA FOR A COMMITTEE IN ORDER TO BE ABLE TO PROMOTE THE BIPARTISAN SPIRIT IN WHICH THE BOARD HAS BEEN WORKING.

THERE IS A PROPOSED NEW POLICY WHICH WOULD BE WITHIN REGENT POLICY 2C IT IS SECTION 2 C, SUBSECTION 1 G, WHICH WOULD ADD A PROVISION THAT SAID THAT THE CHAIR AND THE VICE CHAIR OF THE COMMITTEE SHALL CONSULT WITH THE ADMINISTRATION AND BE RESPONSIBLE FOR APPROVING THE AGENDA FOR EACH COMMITTEE MEETING.

IN THE EVENT THAT THE CHAIR AND VICE CHAIR OF THE COMMITTEE WOULD DISAGREE ABOUT WHETHER SOMETHING SHOULD BE EITHER AN ACTION ITEM OR A DISCUSSION ITEM FOR A COMMITTEE MEETING, THAT IF THEY WERE UNABLE TO RESOLVE THEIR OWN DISAGREEMENT, THAT THEY WOULD ELEVATE THAT TO THE CHAIR OF THE BOARD, AND THAT THE CHAIR OF THE BOARD WOULD HAVE THE ABILITY TO RESOLVE THE DISAGREEMENT AND SET THE FINAL MEETING AGENDA.

I WOULD IMAGINE THAT THAT WOULD BE SOMETHING THAT WOULD RARELY BE NECESSARY, BUT THAT THE INTENT OF THIS PARTICULAR PROVISION IS TO MAKE SURE THAT THE CHAIR AND THE VICE CHAIR, WHICH UNDER REGENT LAW AND POLICY NEED TO BE MEMBERS OF OPPOSITE POLITICAL PARTIES, ARE WORKING TO SET THE COMMITTEE'S AGENDA IN COORDINATION WITH THE ADMINISTRATION.

SO BEFORE I GO ON TO THE NEXT POLICY, ANY QUESTIONS ON THE PROPOSAL RELATED TO THE COMMITTEE AGENDA SETTING? HEARING NONE.

WELL, PATRICK, THIS IS CHANCE.

YEP. SO JUST TO MAKE SURE I UNDERSTAND.

ARE WE VOTING ON THIS TODAY OR DISCUSSING THEM OR.

I WANT TO MAKE SURE I'M CLEAR HERE.

NO, THESE ARE NOTICE IN MOTION.

SO NONE OF THESE ARE BEING VOTED ON TODAY OTHER THAN GIVING NOTICE EARLIER IS THAT THE BOARD COULD ACT ON THESE WOULD BE AT THE JUNE MEETING.

AND SO THE INTENTION IS TO BE ABLE TO EXPLAIN THEM TODAY THAT THEY WILL AGAIN BE VETTED THROUGH THE GOVERNANCE COMMITTEE.

AND IF THERE ARE CONCERNS TO HAVE THOSE RESOLVED IN THE GOVERNANCE COMMITTEE BEFORE BEING BROUGHT BACK TO THE BOARD FOR FINAL CONSIDERATION.

YEP, THAT'S WHAT I THOUGHT I JUST WANTED TO GET CONFIRMATION.

I APPRECIATE THAT BECAUSE I KNOW THERE'S GOING TO HAVE TO BE A LOT MORE DISCUSSION ON THIS ISSUE. SO THANK YOU FOR THAT.

THE SECOND PROPOSED POLICY IS A NEW PROVISION WHICH WOULD BE WITHIN DEALING WITH REGENT MEETINGS. WHAT WE FOUND IS THAT THE LAWS AND POLICIES OF THE REGENTS DIDN'T REALLY ADDRESS EXTRAORDINARILY WELL THE WAY THAT THE BOARD MEETINGS WERE FUNCTIONING.

AND SO WHAT I TRIED TO DO IN DRAFTING THIS PARTICULAR POLICY WAS TO TAKE THE VERY GENERAL GUIDANCE THAT ALREADY EXISTED WITHIN REGENT LAW AND TO PUT A POLICY INTO EFFECT.

CURRENTLY, THE BOARD USES ROBERT'S RULES OF ORDER IN ORDER TO BE THE DEFAULT MEETING FOR A PROCEDURE AT THE MEETINGS.

IF THE LAWS OF THE REGENTS DON'T OTHERWISE SPECIFY.

[00:35:04]

IT WOULD SPECIFY FIRST THAT THE BOARD COULD ACT EITHER IN REGULAR OR SPECIAL MEETINGS THAT ARE NOTICED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OPEN MEETINGS LAW.

SECOND, FORMALLY DEFINE THE ABILITY OF THE BOARD OF REGENTS TO MEET IN EXECUTIVE SESSION FOR ANY LAWFUL PURPOSE, AND THAT ANYONE WHO ATTENDS AN EXECUTIVE SESSION IS RESPONSIBLE FOR MAINTAINING THE CONFIDENTIALITY OF THOSE DISCUSSIONS IN ANY MATERIALS DISTRIBUTED IN EXECUTIVE SESSION. UNLESS THE BOARD OF REGENTS, WITH THE CONCURRENCE OF THE UNIVERSITY COUNCIL, HAS AUTHORIZED THE DISCLOSURE OF THE EXECUTIVE SESSION DISCUSSION OF MATERIALS.

THIRD IS TO REALLY DEFINE WHAT THE PURPOSE OF THE BOARD OF REGENTS MEETINGS ARE, WHICH IS TO ENSURE THAT WE ARE PROVIDING YOU WITH THE INFORMATION TO ALLOW YOU TO EXERCISE YOUR GOVERNANCE AND FIDUCIARY DUTIES, AND THAT THE AGENDAS FOR THE MEETING SHOULD BE DEVELOPED FOR THAT PURPOSE.

THE SECOND IS TO.

NEXT IS TO SET THE AGENDA IN ORDER TO HAVE A DEFINED PROCESS FOR DOING THAT IN CONSULTATION WITH THE ADMINISTRATION.

FIFTH WOULD BE TO HAVE A PROCESS FOR APPROVAL OF THE AGENDAS AT THE BOARD OF REGENTS MEETINGS, AND THAT IF THE BOARD APPROVES THE AGENDA THAT THE ITEMS MAY BE ADDED TO THE AGENDA ONLY UPON THE CONSENT OF BOTH THE CHAIR AND VICE CHAIR OR A TWO THIRDS MAJORITY VOTE OF THE BOARD OF REGENTS.

SPECIFYING THAT MATERIALS SHOULD BE DISTRIBUTE IT IN ADVANCE.

ADDING A PROVISION THAT IS CONSISTENT WITH WHAT WE'VE TALKED ABOUT WITH GOOD GOVERNANCE PRACTICES IN THE PAST, WHICH WOULD BE THAT WHEN THE BOARD IS ENGAGED IN ITS VARIOUS ROLES TO DISTINGUISH BETWEEN RESOLUTIONS WHICH ARE GENERALLY INTENDED TO BE ITEMS THAT ARE BROUGHT FOR CONSIDERATION FOR A PARTICULAR POINT IN TIME, SUCH AS APPROVING THIS YEAR'S BUDGET OR APPROVING THE CREATION OF A NEW DEGREE PROGRAM AND THE DEVELOPMENT OF POLICY AND SPECIFYING THAT WHEN THE BOARD OF ACTION IS DEVELOPING OR A BOARD OF REGENTS IS DEVELOPING POLICIES THAT ARE INTENDED TO HAVE ONGOING EFFECT WITHIN THE UNIVERSITY, THAT THOSE SHOULD ORDINARILY BE DIRECTED THROUGH THE APPROPRIATE REGENT COMMITTEE AND THE SHARED GOVERNANCE PROCESSES IN ORDER TO ALLOW POLICY DEVELOPMENT TO OCCUR BEFORE THE BOARD VOTES ON THEM, AND THEREFORE SPECIFYING THAT THE BOARD SHOULD NOT CONSIDER NEW OR AMENDED LAWS OF THE REGENTS OR REGENT POLICIES THAT A COMMITTEE HAS NOT CONSIDERED UNLESS THE BOARD OF ACTION TAKES OR THE BOARD OF REGENTS TAKES AN AFFIRMATIVE VOTE OF TWO THIRDS OF THE REGENTS TO APPROVE THE POLICY OR THE LAW OF THE REGENTS WITHOUT AT FIRST HAVING BEEN VETTED BY A COMMITTEE.

AND SIMILARLY WITH RESOLUTIONS, TO BE CLEAR, THAT RESOLUTION SHOULD ONLY BE CONSIDERED AT A CURRENT MEETING. IF AN ADMINISTRATOR WHO HAS RESPONSIBILITY OVER THE SUBJECT OF A RESOLUTION IS BROUGHT UP FOR THE BOARD'S CONSIDERATION, OR IF A REGENT RESOLUTION OR REGENT COMMITTEE IS PREVIOUSLY CONSIDERED THE RESOLUTION, IT WOULD SPECIFY THAT THE BOARD OF REGENTS COULD CONSIDER A RESOLUTION WITHOUT IT HAVING EITHER GONE THROUGH A COMMITTEE OR WITH THE CONCURRENCE OF AN ADMINISTRATOR WHO HAS RESPONSIBILITY OVER THE SUBJECT MATTER OF THE RESOLUTION THAT WOULD OCCUR IF THERE HAD BEEN AN AFFIRMATIVE VOTE OF TWO THIRDS OF THE REGENTS.

AND SO THAT'S THE MOST SIGNIFICANT CHANGE IN EXISTING POLICY TO PLACE MORE PROCESS AROUND THE USE OF REGENTS RESOLUTIONS AS WELL AS POLICY INITIATIVES.

QUESTIONS ABOUT THAT. HOW IT WOULD FUNCTION? I'D JUST LIKE TO GO BACK TO REGENT HILL'S POINT.

THESE ARE NOTICES OF MOTION.

NOT FOR THE BOARD'S AFFIRMATIVE VOTE TODAY, BUT FOR THE BOARD'S CONSIDERATION.

AND THEY WOULD BE GOING BACK TO THE GOVERNANCE COMMITTEE.

AND I THINK THAT COMMENTS AND CONCERNS ARE APPROPRIATELY DIRECTED TO THE MEMBERS OF THAT COMMITTEE AND THAT COMMITTEE CHAIR.

CONTINUING THROUGH PAUL POLICYS 13 G POLICY 14 A R FOR CLEAN UP, SOME MINOR MODIFICATIONS ON POLICY 13 G, WHICH IS CONTRACTUAL INDEMNIFICATION OF CONTRACTORS AND USE OF THE UNIVERSITY SEAL MAINLY TO REMOVE SOME REALLY TYPOGRAPHICAL AND OTHER CHANGES THAT WE THOUGHT WOULD BE CLARIFYING.

FINALLY, I BELIEVE THE ITEM THAT IS ALSO COMING UP IS REVISIONS TO

[00:40:09]

ARTICLE 8. AND THAT WOULD BE A NEWLY CREATED ARTICLE.

WHAT WE FOUND IS THAT THERE ARE VERY FEW CHANGES THAT WE'RE PROPOSING THAT ARE SUBSTANTIVE IN MOVING THIS ARTICLE FORWARD.

IT REALLY IS DESIGNED THAT WE HAD PREVIOUSLY HAD POLICIES THAT DEFINED THE OBLIGATIONS OF UNIVERSITY EMPLOYEES IN VARIOUS PLACES SO THAT YOU WOULD HAVE TO LOOK AT REGENT POLICY ONE SEE REGENT WHICH DEALS WITH PRINCIPLES OF ETHICAL BEHAVIOR, REGENT POLICY OF 3-B, WHICH IS A CONFLICT OF INTEREST FOR UNIVERSITY STAFF.

REGENT POLICY.

ARTICLE 10, WHICH DEALS WITH NONDISCRIMINATION.

AND WHAT WE'VE TRIED TO DO INSTEAD IS TO PROVIDE A SINGLE PLACE TO PROVIDE GUIDANCE TO MEMBERS OF THE UNIVERSITY COMMUNITY BY CREATING A NEW ARTICLE, WHICH IS CONDUCT OF MEMBERS OF THE UNIVERSITY COMMUNITY, WHICH PULLS ALL OF THE VARIOUS PREEXISTING POLICIES TOGETHER AND PUTS THEM IN ONE PLACE SO THAT THERE IS AN EASIER WAY FOR MEMBERS OF THE UNIVERSITY COMMUNITY TO KNOW WHAT THEIR OBLIGATIONS ARE AND TO BE IN A BETTER POSITION TO BE ABLE TO MEET THOSE.

WHEN WE TALKED WITH KATHY NESBITT AND FELICITY O'HARE AND OTHER PEOPLE WHO WORK WITHIN THE HUMAN RESOURCES DEPARTMENT, THEY RECOGNIZED THAT HAVING THE OBLIGATIONS OF THAT ARE CONTAINED WITHIN REGENT LAW AND POLICY, CONTAINED IN DISPARATE PLACES COULD BE CONFUSING.

AND THAT WE REALLY WANTED TO BE ABLE TO HAVE A PLACE WHERE WHEN WE'RE DOING OFFER LETTERS AND OTHER TRAINING FOR EMPLOYEES, THAT IT IS MORE STREAMLINED AND EASIER TO BE ABLE TO INFORM THEM OF THEIR OBLIGATIONS.

ARE THERE QUESTIONS? PATRICK? WE APPRECIATE THE WORK OF SHARKEY AND THE GOVERNANCE COMMITTEE.

AND THERE IS A COUPLE OF HEAVY DUTY POLICIES THAT WILL BE VOTED ON THE NEXT TIME.

SO I HOPE THAT YOU CAN GET YOUR TWO CENTS IN ON THOSE.

AND IT REALLY SOUNDS LIKE GOVERNANCE COMMITTEE IS DOING SOME GOOD WORK IN TERMS OF TAKING THOSE ON AS WELL. WELL, WITH THAT.

CAN I JUST MAKE A COMMENT.

THANK YOU, CHAIR GALLEGOS.

AND I THINK PATRICK AND DAN FOR BRIEFING US ON THAT.

AND AGAIN, IF THERE ARE QUESTIONS OR YOU WANT TO PARTICIPATE IN THE GOVERNANCE COMMITTEE MEETING. PLEASE JOIN US FOR THAT MEETING.

AND IN ORDER TO ENGAGE IN THAT DISCUSSION, OR IF YOU HAVE QUESTIONS IN ADVANCE OF THAT, YOU CAN CONTACT ME AND DAN AND PAT I SUPPOSE TOO.

SO THANK YOU.

THANKS. THANK YOU.

OH, WE'RE GONNA GO TO THE UNIVERSITY AFFAIRS COMMITTEE DISCUSSION AND ACTION ITEMS AND

[H. 2:50 p.m. UNIVERSITY AFFAIRS COMMITTEE DISCUSSION AND ACTION ITEMS]

LINDA, YOU'RE FOR.

THANK YOU. WE MET ON MARCH 9TH, WHICH SEEMS LIKE A FEW YEARS AGO, BUT IT WAS ONLY A FEW WEEKS AGO THAT THE WHOLE COMMITTEE WAS THERE, HEIDI GANAHL, VICE CHAIR REGENTS HILL, REGENT SMITH.

IT WAS A PRETTY.

INFORMATIONAL MEETING, WE DIDN'T WE DIDN'T DO A LOT OF EXCITING THINGS THAT DAY.

AND THERE IS A FULL REPORT.

AND I THINK YOU CAN READ THAT IF YOU WANT MORE INFORMATION.

BUT WE HAD TWO INFORMATION ITEMS FROM THE BOULDER CAMPUS WHERE THERE WAS NO VOTE REQUIRED BECAUSE THEY WERE JUST NAME CHANGES.

AND THEN WE VOTED UNANIMOUSLY ON, I BELIEVE, SEVEN DIFFERENT ITEMS THAT WERE ALL APPROVED ON THE CONSENT AGENDA TODAY.

NEW PROGRAMS AND DEGREE PROGRAMS ON VARIOUS COLLEGES, AND THE INTERESTING THING TO ME IS THAT THERE'S SO MUCH NEW THAT STUDENTS NEED TODAY.

SO NOW WE HAVE MEDIA FORENSICS DEGREE AT DENVER AND WE HAVE SPORTS MANAGEMENT IN UCCS.

SO THAT'S KIND OF EXCITING TO SEE TO SEE THOSE NEW DEGREE PROGRAMS COMING THROUGH.

LASTLY, WE HEARD FROM PRESIDENT KENNEDY AND CHIEF RISK OFFICER TERRY LEE ON THE CORONA VIRUS, GOT HER FIRST INFORMATIONAL BRIEFING THERE.

[00:45:02]

BUT WHAT I TOOK AWAY FROM IT IS THAT ALL OF THE CAMPUSES IN THE SYSTEM DO RISK MANAGEMENT PLANNING IN ADVANCE, AND THEY NEVER PLAN FOR SOMETHING OF THIS MAGNITUDE, BUT THAT PLANS WERE IN PLACE THAT THEY WERE ABLE TO DRAW ON AND IMPLEMENT WHEN THEY HAD TO MAKE QUICK DECISIONS. AND OVER THE LAST FEW WEEKS.

SO THANK YOU TO THE CAMPUSES FOR THAT.

MIKE, DO YOU HAVE ANYTHING TO ADD THAT YOU WOULD LIKE TO HIGHLIGHT FROM A MEETING? NO, I THINK YOU COVERED IT ALL.

THANK YOU. OUR NEXT MEETING IS NOT UNTIL MAY 27.

I BELIEVE WE'RE GOING TO GET ALL OF THE INFORMATION ON A DAILY OR WEEKLY BASIS.

THIS FROM [INAUDIBLE].

SO THE REGENTS WILL BE UPDATED AS A WHOLE ON EVERYTHING THAT'S GOING ON WITH THE VIRUS.

SO THANK YOU. WE APPRECIATE YOUR WORK AND THE COMMITTEE'S WORK AS WELL.

THANK YOU. TURN IT OVER TO REGENT KROLL.

HE'S GOING TO KEY IT UP.

FINANCE COMMITTEE DISCUSSION AND ACTION ITEMS WITH VICE PRESIDENT SOLOMAN.

[I. 2:55 p.m. FINANCE COMMITTEE DISCUSSION AND ACTION ITEMS]

YOU KNOW, WE AS THE FINANCE COMMITTEE, WE ACTUALLY DIDN'T MEET THIS LAST INTERIM BETWEEN FULL BOARD MEETING. WE WILL BE MEETING NEXT WEEK AS THOSE OF YOU WHO ARE VETERANS OF THE FINANCE COMMITTEE. THEY ARE SOME OF THE MOST EXCITING IN-PERSON MEETINGS YOU WILL EVER GO TO. AND I GOT NEWS FOR YOU.

TODD AND I ARE COMMITTED TO MAKING IT EVEN MORE EXCITING.

FROM A DIGITAL PERSPECTIVE.

SO PLEASE JOIN US.

APRIL 9TH, I THINK WE'RE GOING TO MEET FROM 10 TO NOON.

WE WILL KIND OF BE LOOKING AT SOME OF THE THINGS THAT CU HAS DONE IN PREVIOUS RECESSIONS.

TODD IS GOING TO KIND OF SHOW US SOME OF THAT INFORMATION.

WE ALL HAVE HAD THE OPPORTUNITY TO CHAT WITH TODD ABOUT THE WHERE WE'RE AT WITH THE BUDGET. OBVIOUSLY, PRESIDENT KENNEDY AND THE CHANCELLORS HAVE COMMUNICATED TO THE CAMPUS COMMUNITIES THAT WE ARE WAITING FOR SOME OTHER THINGS TO COME INTO PERSPECTIVE BEFORE WE BRING FORWARD TUITION AND FEES AND THE BUDGET FOR THE FOLLOWING FISCAL YEAR.

THAT BEING SAID, WE'RE STILL CHARGING AHEAD.

ONE OF THE ITEMS WE APPROVED ON THE CONSENT AGENDA WAS FROM OUR EVER WONDERFUL TREASURER, DAN WILSON, WHO REALIZED THAT THERE WAS A LOT.

ONE OF THE GREAT THINGS ABOUT CAPITALISM IS THAT WHEN SOME MARKETS ARE UP, OTHERS ARE DOWN AND VICE VERSA.

AND RIGHT NOW IS A REALLY GOOD TIME FOR THE UNIVERSITY TO TAKE ADVANTAGE OF VERY LOW COST BORROWING OPPORTUNITIES.

THIS WOULDN'T NECESSARILY BE NEW ADDITIONAL BORROWINGS THAT WE HAVE ALREADY HAVEN'T ALREADY APPROVED. BUT THESE ARE RE FUNDINGS OF EXISTING BORROWINGS THAT WE CAN USE THE CURRENT MARKET SITUATION TO LOWER OUR TOTAL INTEREST RATE COSTS.

SO WE'VE APPROVED THAT ON THE CONSENT AGENDA.

SO THANK YOU TO THE FINANCE COMMITTEE MEMBERS TOOK A LOOK AT THAT AND FORWARDED IT ALONG FOR FULL BOARD APPROVAL.

I WILL ASK THAT AS TODD PRESENTS, YOU KNOW, THEY HAVE A LIST OF QUESTIONS THAT THEY ARE WORKING ON THAT DIFFERENT REGENTS HAVE ASKED.

WE HAVE GONE OVER THOSE QUESTIONS.

AND SO IF THERE'S ANYTHING NEW THAT COMES UP, YOU KNOW, LET'S MAKE SURE THAT THAT TODD GETS WORD OF THAT.

BUT I'M NOT SURE THEY'RE GOING TO HAVE ANY ANSWERS FOR US TODAY.

SO IF YOU DO HAVE ADDITIONAL QUESTIONS THAT YOU WOULD LIKE ADDRESSED BEFORE WE BRING A VOTE ON TUITION AND FEES, PLEASE JUST SEND THOSE OVER TO TODD ON YOUR OWN TIME.

UNLESS IT'S PARTICULARLY PRESSING MS. YOU NEED TO HEAR TODAY. SO WITH THAT, I'LL HAND THINGS OVER.

I DON'T KNOW IF PRESIDENT KENNEDY WANTED TO MAKE ANY FURTHER REMARKS ABOUT THE BUDGET, BUT I'LL HAND THINGS TO HIM AND OR TODD TO TAKE IT AWAY.

AND I THINK ON THIS PRESENTATION WE'RE GONNA HEAR SOME FROM TONYA, TOO, WHO'S BEEN DOING SOME FANTASTIC WORK AT THE FEDERAL LEVEL AND GIVING GETTING US SOME MORE INSIGHTS ON WHAT THESE FEDERAL DOLLARS THAT ARE POTENTIALLY COMING OUR WAY CAN BE USED FOR.

CHAIRMAN KROLL, I WOULD JUST ADD THAT WE APPRECIATE THE REGENTS BEING WILLING TO POSTPONE THOSE DECISIONS BECAUSE I THINK WE WILL ALL HAVE MORE CLARITY AS TO WHAT THE FUTURE HOLDS. BUT AT TIME WE GET TO THE MAYOR, THE JUNE REGENTS MEETING.

OK. SO I WILL GO AHEAD AND GET STARTED.

I'M GOING TO SHARE MY SCREEN AND SOME SLIDES ON THE SCREEN

[00:50:02]

YOU'RE GOING TO DO SLIDES.

OH, JUST BEACUSE WE'RE DOING THIS REMOTELY DOES NOT MEAN I DON'T HAVE A SLIDE.

IN FACT, YOU'LL EVEN BE ABLE TO SEE IT EVEN MORE CLEARLY IN THE COMFORT OF YOUR OWN HOME.

YEAH. ONE SECOND WE WILL GET YOU GOING ON THAT.

THERE WE GO. OK.

SO I'LL GO AHEAD AND GET STARTED.

AND PLEASE JUST INTERRUPT ALONG THE WAY.

AND AND I WILL.

TRY TO ANSWER YOUR QUESTIONS, AND IF I CAN'T, I'M SURE THE CHANCELLORS OR THE OTHER STAPHOS WOULD BE HAPPY TO HELP.

SO WHERE ARE WE IN TERMS OF THE STATE BUDGET LANDSCAPE? THAT'S A GOOD PLACE TO START.

SO WE KNOW THAT THE STATE REVENUE FORECASTS FROM THE GOVERNOR'S OFFICE SENT FROM THE LEGISLATURE BOTH DECLINED.

AND WHEN THEY PRESENTED THEM RECENTLY, WE ALSO UPDATED OUR CU BUDGET FORECAST, OUR REVENUE FORECAST RECENTLY THAT INDICATED THAT STATE REVENUES ARE PROBABLY CLOSE TO $2 BILLION SHORT OF FUNDING THE GOVERNOR'S ENTIRE BUDGET REQUEST.

AND SO DEFINITELY SOME CHALLENGES ON THE HORIZON.

AND THANKFULLY, THE FEDERAL THE FEDERAL RELIEF FUNDS MIGHT GO A LONG WAY TOWARD ADDRESSING THAT SHORTFALL.

THE KEY QUESTION, OF COURSE, IS HOW LONG IS IT GOING TO LAST? AND THAT'S JUST SOMETHING THAT NOBODY KNOWS THE ANSWER TO.

IT WILL IMPACT STATE REVENUES AND IMPACT OUR ENROLLMENTS.

IT'LL IMPACT EVERY EVERYTHING ABOUT WHAT WE'RE DEALING WITH.

AND IT'S JUST SOMETHING THAT WE DON'T KNOW THE ANSWER TO.

THE STATE BUDGET WILL WOULD HAVE USUALLY BEEN PASSED BY NOW, BUT IT HAS NOW BEEN DELAYED BY THE STATE. THE POLICYMAKERS ARE ARE REALLY COMMITTED TO TRYING TO WRITE A BUDGET ACCORDING TO THE MOST TO THE BEST AVAILABLE INFORMATION.

AND SO THERE THEY DELAYED TO TRY TO MAKE SURE THAT THEY HAVE BETTER INFORMATION AS THEY WORK AS THEY APPROACHED THE BUDGET FOR THE NEXT FISCAL YEAR.

IT'S ALSO IMPORTANT TO JUST POINT OUT THAT RATING AGENCIES, OF COURSE, ARE NOTICING WHAT'S GOING ON. I'M SURE THEY'RE NOTICING QUITE A BIT AND THEY DOWNGRADED HIGHER EDUCATION, THE HIGHER EDUCATION OUTLOOK FOR THE ENTIRE NATION TO NEGATIVE FROM STABLE AND THANKS TO DAN WILL SEND FOR GIVING US THAT INFORMATION.

THE NEXT STEPS IN THE STATE BUDGET BALANCING PROCESS ARE, AS I MENTIONED, TRYING TO DO THERE FIRST. THEY'RE GOING TO NEED TO KNOW EXACTLY HOW MUCH THE STATE BUDGET SHORTFALL IS AND TO KNOW THAT I'M SURE IT'S SOMETIME IN THE NOT TOO DISTANT FUTURE.

THE STATE'S ECONOMISTS ARE GOING TO BE UPDATING THEIR BUDGET FORECASTS AND THAT WILL INFORM THE STATE OF THE JOINT BUDGET COMMITTEE ABOUT HOW HOW BIG OF A SHORTFALL THEY NEED TO DEAL WITH IN THE STATE BUDGET.

TONY IS GOING TO TALK TO US A LITTLE BIT IN A FEW MINUTES ABOUT THE FEDERAL RELIEF FUNDS AND WHAT WE KNOW AND WHAT WE DON'T KNOW ABOUT THEM AND THE DEGREE TO WHICH THEY MIGHT BE ABLE TO HELP US IN TERMS OF BALANCING THE STATE BUDGET AND PROVIDING RELIEF TO SEE YOU IN HIGHER EDUCATION IN GENERAL IN COLORADO.

THE JOINT BUDGET COMMITTEE AND THE GOVERNOR'S BUDGET OFFICE ARE WORKING RIGHT NOW TO DEVELOP BUDGET BALANCING OPTIONS THAT WILL INCLUDE BUDGET CUTS, EXPENDITURE REDUCTIONS, SMALLER INCREASES IN ANTICIPATED FOR SOME THINGS, BUT ALSO POSSIBLY REVENUE INCREASES.

WE'VE BEEN THROUGH THIS BEFORE IN COLORADO DURING THE GREAT RECESSION.

WE SAW THAT THE BUDGET BALANCING ACTIONS WERE A MIX OF A VARIETY OF THINGS.

BUT ONE OF THE SINGLE MOST IMPORTANT THINGS INVOLVED IN BALANCING THE BUDGET BACK THEN WAS THE FEDERAL RELIEF FUND SAYS.

THAT'LL BE THE CASE AGAIN NOW THAT THE DEADLINE FOR BALANCING THE BUDGET IS UNCLEAR.

BUT THE NEXT FISCAL YEAR BEGINS ON JULY 1.

AND SO MIGHT GET SO FROM FROM WHAT TANYA AND I HAVE BEEN HEARING, IT'S LIKELY THEY WILL BE WAITING AS LONG AS POSSIBLE, BUT ALSO TRYING TO BE SENSITIVE ON THE NEED FOR PUBLIC

[00:55:04]

THE LEGISLATURE, ONCE THEY LEAVE AND GO AND THE SESSION ENDS, THE THE THE GOVERNORS FALLS ON THE GOVERNOR TO KEEP THE BUDGET BALANCE DURING THE FISCAL YEAR.

AND IF THERE IS A NEED FOR ADDITIONAL BUDGET CUTS, STATE LAW REQUIRES THE GOVERNOR TO KEEP THE BUDGET BALANCED.

TODD. I HAVE A QUESTION.

SO THE WE JUST HEARD WORD THAT THE SUPREME COURT ALLOW WHAT IS GOING TO ALLOW THE LEGISLATURE TO MEET ON NONCONSECUTIVE DAYS.

RIGHT. WE DON'T REALLY KNOW WHEN THEY MIGHT BE ABLE TO RECONVENE.

NO. CAN YOU GIVE US CAN YOU MAYBE GIVE US YOUR BEST ASSESSMENT ON WHAT'S THE LATEST THEY COULD PROBABLY PASS A BUDGET? WELL, THE BUDGET WOULD NEED TO BE IN PLACE PRIOR TO JUNE 30TH.

BUT MY GUESS IS THAT THEY WILL TRY TO GET IT WRAPPED UP.

A LITTLE BIT BEFORE THAT.

JUST SO THAT THE ENTITIES CAN PLAN, YOU KNOW, SCHOOL DISTRICTS, HIGHER EDUCATION, EVERY PUBLIC ENTITY IN THE STATE THAT BUYS THEM PUBLIC FUNDS WOULD LIKE TO BE ABLE TO PLAN A LITTLE BIT, BUT THEY ALSO WANT THE LEGISLATURE TO GET IT AS ACCURATE AS POSSIBLE.

SO HOPEFULLY SOMETIME IN MAY OR JUNE, I GUESS EARLY JUNE OR EARLY MAY.

BUT IT'S. IT'S REALLY SPECULATION AT THIS POINT.

THEY HAVEN'T DECIDED. TANYA, DO YOU WANT TO ADD ANYTHING TO THAT? SO REGENT KROLL, AS TODD MENTIONED EARLIER, TYPICALLY WE HAVE QUARTERLY REVENUE FORECASTS.

THE NEXT FORECAST IS DUE JUNE 20TH, BUT MOST LIKELY BECAUSE OF THE REQUIREMENT THAT OUR CONSTITUTION BE BALANCED IN THE FISCAL YEAR ALWAYS BEGINS JULY 1, AS VICE PRESIDENT SOLOMON MENTIONED. I BELIEVE THAT THEY WILL MEET PROBABLY AT THE BEGINNING OF THE JUNE END OF MAY AND MOST LIKELY REQUESTS THAT OSPB AND THAT LEGISLATIVE COUNCIL PUT TOGETHER AN EARLIER REVENUE FORECAST TO REFLECT AS MUCH AS POSSIBLE THE IMPACT OF COVERED 19.

THEY ARE ALSO WAITING WITH THE HOPES AS WE GET TO OUR NEXT SLIDE THAT THEY ARE ABLE TO ENCAPSULATE AND INCORPORATE ALL OF THE ADDITIONAL FEDERAL STIMULUS MONEYS.

AND WE'RE HEARING PRESIDENT KENNEDY, I ACTUALLY, WHEN WE SPOKE WITH SENATOR GARDNER, HEARD THAT THERE IS GOING TO BE A STIMULUS PACKAGE FOR.

AND SO I DO BELIEVE THE JOINT BUDGET COMMITTEE LEADERSHIP WILL WANT TO INCORPORATE AS MUCH AS OF THOSE DOLLARS IN BOTH STIMULUS PACKAGE 3 AND 4 INTO THEIR FINAL BUDGET BALANCING, WHICH WOULD ALLOW THEM TO DO LESS CUTS.

AND TODD. DO YOU THINK THAT WE WE WOULD NEED TO WAIT FOR THAT STATE BUDGET TO BE KIND OF SET BEFORE WE MOVE AHEAD, OR ARE WE GOING TO HAVE TO BE FLEXIBLE IN THAT REGARD? WE JUST DON'T KNOW YET.

YOU KNOW, WE WE DON'T KNOW WHEN WE'RE GOING TO GET AN INDICATION OF WHAT IT'S GOING TO LOOK LIKE FOR HIGHER EDUCATION.

IT MIGHT BE SOONER THAN THAT, BUT WE'LL JUST HAVE TO SEE HOW THE CONVERSATIONS GO WITH THE JBC AND THE GOVERNOR'S OFFICE.

SO WE'LL KEEP YOU POSTED.

TODD, I HAVE A QUESTION.

I KNOW WHEN I WAS ON THE SCHOOL BOARD DURING THE 2008 RECESSION AND WE DIDN'T SIGN OUR CONTRACT WITH OUR TEACHERS TILL DECEMBER, WHICH IS SUPPOSED TO HAPPEN BY JUNE. BUT WE SAID, YOU KNOW, IT'S GONNA BE 0 PERCENT.

INCREASE IN SALARIES UNLESS WE GET SOME MONEY LATER, WHICH WE ENDED UP DOING, LIKE IN DECEMBER, WE SAID YOU'LL GET A 1 PERCENT INCREASE.

WE'RE GOING TO HAVE SOME SORT OF FLEXIBILITY IF ALL OF A SUDDEN THE ECONOMY JUST SWINGS BACK AND IT LOOKS LIKE IT'S GIVING MORE MONEY AVAILABLE IN THE BUDGET.

YEAH, DEFINITELY. THANKS.

THINKS IT'S A REALLY, REALLY GOOD QUESTION.

AND THAT'S EXACTLY OUR PLAN IS, IS TO YOU KNOW, WE'RE AT THIS POINT WE'RE PLANNING ON NO SALARY INCREASES ON THE 0 PERCENT.

BUT WITH BUT WE HAVE WE WOULD DEFINITELY LIKE THE ABILITY TO COME BACK AND REVISIT THAT AFTER THE CENSUS.

SO IF ENROLLMENTS COME IN STRONGER THAN EXPECTED OR IF FOR SOME REASON OTHER REVENUE SOURCES BECOME AVAILABLE AND IT AND IT GIVES US OPPORTUNITY TO REVISIT COMPENSATION [INAUDIBLE], THAT WOULD BE GREAT AT THIS POINT.

WE WANT TO PLAN CONSERVATIVELY, BUT WE'LL HAVE MORE INFORMATION WHEN WHEN WE BRING THE

[01:00:01]

THEN WE WAIT UNTIL UNTIL CENSUS TO MAKE A FINAL DETERMINATION.

SO REGENT SMITH IN THE COMMUNICATIONS THAT THE CHANCELLOR AND I SENT OUT TO EACH OF THE CAMPUSES. WE BASICALLY SAID JUST THAT AND THAT THIS WOULD BE SOMETHING THAT WHATEVER WE DECIDE IN JUNE, WE WOULD RECONSIDER AND IN NOVEMBER.

SO WE'RE PLANNING TO DO EXACTLY THAT.

THE PROCESS YOU JUST DESCRIBED.

OK, GREAT. THANK YOU.

YOU TOOK A PAGE FROM THE K-THROUGH-12 PLAYBOOK ON THAT ONE.

WELL, YOU KNOW. THAT'S MY BACKGROUND.

YEAH. OK.

ANY OTHER QUESTIONS? OK.

SO WE WANTED TO TALK A LITTLE BIT ABOUT ALL THE DIFFERENT FEDERAL ASSISTANCE ITEMS THAT ARE OUT THERE RIGHT NOW THAT ARE MOVING THROUGH THE PROCESS, SOME OF WHICH WILL DIRECTLY HELP COLORADO AND THE UNIVERSITY OF COLORADO, SOME OF WHICH WILL HELP US, BUT IN LESS DIRECT WAY. TANYA AND HER TEAM DOING AN INCREDIBLE JOB OF WORKING WITH WITH THE WITH THE DELEGATION. AND PRESIDENT KENNEDY HAS DONE A GREAT JOB OF COORDINATING COMMUNICATION TO THE DELEGATION FROM ALL OF THE HIRED LEADERS IN COLORADO.

AND IT'S BEEN REALLY EFFECTIVE AND WE'RE GRATEFUL FOR THAT WORK.

SO TANYA IS GOING TO WALK YOU THROUGH THE NEXT FEW SLIDES AND TALK ABOUT THE FEDERAL RELIEF PACKAGE OR WHAT WE KNOW ABOUT.

THANK YOU, TODD. I THINK WE WANTED TO START OFF THE REGENTS.

PRESIDENT KENNEDY, OUR CHANCELLORS AS WELL AS OUR ENTIRE EXECUTIVE TEAM, REALLY WANT TO THANK OUR COLORADO CONGRESSIONAL DELEGATION.

THEY HAVE JUST DONE AN EXCEPTIONAL JOB STEPPING UP TO THE PLATE.

AS I MENTIONED BEFORE, WE HAD TWO CONVERSATIONS WITH SENATOR GARDNER ON CRITICAL JUNCTURES. CONGRESSMAN NEGUSE AS WELL, CRITICALLY LAID IN, GIVEN SOME OF HIS LEADERSHIP ROLE. AND PRESIDENT KENNEDY WAS ABLE TO, ALONG WITH EACH OF OUR FEDERAL TEAM MEMBERS, TALK IN PERSON TO WELL, IN PERSON, I SHOULD SAY, VIRTUALLY KEEPING OUR COVID 19 DISTANCE ON THE PHONE WITH EACH OF OUR CONGRESSIONAL DELEGATION MEMBERS.

AND I THINK ON BEHALF OF OUR STATE AND CERTAINLY OUR FINE INSTITUTION, WE REALLY WANT TO RECOGNIZE AND THANK THEM FOR THEIR LEADERSHIP.

I'D ALSO LIKE TO RECOGNIZE BY NAME.

OUR FEDERAL TEAM, JACK WALDORF, HEATHER BENE, KENT SPRINGFIELD, JULIA HARRINGTON, AND THEN, OF COURSE, NATALIE BERRY, WHO DOES ALL OF OUR SUPPORT, WHO'VE JUST REALLY BEEN WORKING OVER THE WEEKEND, NIGHT AND DAY, GETTING US SETUP WITH OUR ASSOCIATIONS AT THE NATIONAL LEVEL AND REALLY PLAYING A KEY ROLE FOR COLORADO, OUR POLICYMAKERS AT THE STATE SIDE, AS WELL AS OUR HIGHER ED CEOS ACROSS THE STATE.

I THINK MARK HAS DONE A GREAT JOB LEADING THAT.

AND ALL OF THE PRESIDENTS ACROSS THE STATE OF COLORADO HAVE REALLY KICKED IN WITH THEIR OWN RELATIONSHIP TO HELP OUR STATE.

GIVEN THE UNIQUE FUNDING SITUATION THAT WE HAVE IN COLORADO, SO AS WE HAVE HERE ON THE SLIDE. ONE HUNDRED AND FIFTY BILLION WAS ALLOCATED IN STIMULUS THREE THE WAY THEY HAVE DIVIDED THAT UP AND WE GOT THESE NUMBERS FROM THE NATIONAL CONFERENCE OF STATE LEGISLATURES IS 2.2 BILLION FOR THE STATE OF COLORADO.

THE WAY THE FEDERAL STIMULUS PACKAGE WAS WRITTEN, NO STATE SHOULD RECEIVE BELOW 1.4 BILLION FOR SOME OF THOSE STATES THAT HAVE SMALLER POPULATIONS.

BUT OUR FUNDING WILL BE DIVIDED.

FIFTY FIVE. FORTY FIVE.

SO ABOUT ONE POINT MILLION, ONE POINT ONE WILL GO TO THE LOCAL ENTITIES, CITIES AND COUNTIES TO BE USED FOR COVERED 19 AND THEN ABOUT 1.2 WILL BE ALLOCATED TO THE STATE.

WHAT WE'RE TRYING TO SEEK ADDITIONAL CONGRESSIONAL HELP ON AN ADDITIONAL GUIDANCE ON IS THAT THE DEPARTMENT OF TREASURY, THE U.S.

DEPARTMENT OF TREASURY HAS OPINED THAT THAT STATE FUNDING OF ONE POINT ONE NEEDS TO BE USED FOR NEW EXPENSES RELATED TO COVID 19, NOT NECESSARILY BUDGET CUTS.

AND SO WE'RE TRYING TO GET SOME CLARIFICATION AND WORKING WITH OUR DELEGATION AND OTHER HIGHER ED LEADERS ACROSS THE STATE.

PRESIDENT KENNEDY HAS BEEN WORKING AS WELL WITH OUR DELEGATION AND OUR FEDERAL TEAM TO SEE IF WE CAN MAKE SURE THAT WE GET SOME ADDITIONAL CLARIFICATION AROUND THAT.

AGAIN, WE WERE SUCCESSFUL IN GETTING ABOUT THIRTY POINT SEVENTY FIVE BILLION FOR THE ED STABILIZATION FUND.

SO ASIDE FROM THE MORE FLEXIBLE FUNDING GOING DIRECTLY TO THE STATES, WE HAVE SPECIFIC FUNDING GOING TO BOTH K-12 AND HIGHER EDUCATION FUNDS.

THE HIGHER ED PIECE OF THIRTEEN POINT NINE FIVE BILLION MUST BE SPLIT.

50 PERCENT NEEDS TO GO DIRECTLY TO THE STUDENTS AND THEN THE OTHER 50 PERCENT WILL GO TO THE INSTITUTIONS AS WAS BROUGHT UP EARLIER.

WE'RE GETTING CLARIFICATION AS TO HOW THAT WILL BE DISSEMINATED.

[01:05:01]

BUT WE ARE STILL SEEKING FINAL CLARIFICATION ON THAT, WHICH WE WILL BE HAPPY TO SHARE WITH THE REGENTS UPON SEEKING OR CLARIFYING THAT INFORMATION AGAIN THROUGH THIRTEEN POINT TWO, THREE BILLION FOR THE K-12 RELIEF FUND, ABOUT THREE BILLION THAT THE GOVERNOR HAS AT HIS DISTRUCTION DISCRETION TO WORK WITH BOTH K-12 AND HIGHER EDUCATION.

AND THEN, OF COURSE, THEY'RE REALLY TRYING TO TAKE CARE OF HARD-HIT INSTITUTIONS SUCH AS THE TRIBAL COLLEGES, MINORITY SERVING INSTITUTIONS, AND THEN SOME OF THE SMALLER SCHOOLS.

THIS FIGURE CAME FROM THE AMERICAN COUNCIL ON EDUCATION.

THIS IS WHAT WE WOULD LOOK AT RECEIVING BOTH AS THE SYSTEM TOTAL AND THEN FOR CU BOULDER.

SEE YOU, DENVER, ANSCHUTZ AND UCCS AND I THINK IT'S A GREAT, I GUESS WE SHOULD SAY, CHART TO COMPARE WITH THE OTHER INSTITUTIONS.

AS YOU CAN SEE, THE DOLLARS ARE REALLY DICTATED BY PELL GRANT ELIGIBILITY IN TERMS OF HOW THEY FLOW. AND SO WE'RE CONTINUING TO GET CLARIFICATION AS TO WHETHER THESE NUMBERS ARE CORRECT AND AS THAT COMES IN, WILL RE UPDATE AND UPDATE THESE FIGURES.

AGAIN, THE FEDERAL MAINTENANCE OF EFFORT, PROTECTION THAT WAS PUT IN STIMULUS THREE IS PRETTY CRITICAL TO OUR STATE, AS WE'RE VERY WELL AWARE OFTEN NOT BECAUSE WE DON'T HAVE CHAMPIONS IN THE LEGISLATURE OR THE EXECUTIVE BRANCH, BUT BECAUSE HIGHER EDUCATION IS ONE OF THE BIG SIX BUDGETS BUT TENDS TO NOT HAVE THE SAME ENTITLEMENT OR CONSTITUTIONAL REQUIREMENTS AS SOME OF THE OTHER DEPARTMENTS MUST HAVE.

WE TEND TO BE THE AREA WHERE THE LEGISLATURE AND GOVERNOR'S OFFICE GOES BALANCING.

ONE OF THE PROVISIONS IN THE FEDERAL STIMULUS PACKAGE WAS THAT YOU CAN NOT REPLACE OR CUT THAT A CERTAIN LEVEL OF MAINTENANCE, OF EFFORT, OF FUNDS MUST GO TO BOTH K-12 AND HIGHER EDUCATION. AND SO THAT'S A WELCOME PROVISION WHICH WILL GIVE US SOME PROTECTIONS.

AND I REALLY APPRECIATE TODD PUTTING TOGETHER THESE NUMBERS BECAUSE I THINK THEY'RE HELPFUL. AND I JUST THINK MY MY STAFF, BECAUSE THEY'RE THE ONES WHO ACTUALLY PUT THAT TOGETHER AND SO THANKS TO MY TEAM AS WELL, CHAD AND SELINA AND RYAN AND EMILY THANKS TO ALL OF THEM FOR THEIR WORK ON THIS.

I THINK IT'S IMPRESSIVE THAT WE HAVE THIS KIND OF INFORMATION A WEEK AFTER THEY'VE PASSED THE STIMULUS FUNDING.

I THINK THAT WE HAVE WORKED AND ALTHOUGH NOTHING'S WRITTEN IN STONE HERE, WE AT LEAST HAVE SOME GUIDELINES AS TO WHAT'S GOING TO COME TO US AND WHAT ISN'T AND KIND OF IN THE ORDER THAT IT'S GOING TO.

SO I THINK THE FACT THAT WE HAVE THIS INFORMATION IS GOOD.

THANK YOU, MR. CHAIRMAN.

AGAIN, THE FEDERAL MEDICAID ASSISTANCE PERCENTAGE, IF YOU LOOK AT THAT TWO TO THREE HUNDRED MILLION, I THINK ONE OTHER PIECE THAT WE MUST POINT OUT, THE DEGREE TO WHICH HAVING A FORMER OFFICE OF STATE PLANNING AND BUDGETING DIRECTOR AT OUR DISPOSAL IN THE FORM OF VICE PRESIDENT TODD SALIMAN HAS BEEN CRITICAL DURING THESE TIMES.

SOME OF THESE SLIDES AND JUST THE EXPERIENCE THAT TODD HAD WHEN HE WAS BUDGET DIRECTOR FOR THE ENTIRE STATE OF COLORADO TO KNOW HOW SOME OF THESE CUTS HAD TO OCCUR AND THAT EXPERIMENT'S EXPERIENCE AND INSTITUTIONAL KNOWLEDGE HAS REALLY HELPED US CRAFT THIS COMPREHENSIVE INFORMATION.

I THINK REGENT GALLEGOS THAT YOU ARE POINTING TO.

IT'S CERTAINLY BEEN I THINK WE'VE BEEN HAVING ALL HANDS ON DECK BETWEEN THE BUDGET OFFICE AND THE LOBBYING TEAM, AND WE'VE BEEN VERY HAPPY TO SHARE THIS INFORMATION WITH OUR OTHER COLLEAGUES IN THIS TIME OF STRESS.

SO AGAIN, THE F MAP DURING THE LAST DOWNTURN IN 2008 WAS CRITICAL IN HELPING BAIL OUT THE STATE. THANKS TO GOVERNOR POLIES, WHO WAS SPEEDY ON THE JOB AND GOT A LETTER IMMEDIATELY OUT TO FEMA. COLORADO ALSO RECEIVED AN ADDITIONAL STATUS OF EMERGENCY DISASTER RELIEF FUNDS. SO THAT'S GONNA BE ANOTHER CHUNK OF FUNDING THAT COMES INTO COLORADO FROM THAT FORTY FIVE BILLION DESIGNATED FROM FEMA.

AND THEN I THINK THE OTHER PIECE IS THE DISEASE CONTROL CDC MONEY OF 4.3 BILLION, WHICH WILL SUPPORT ALL OF OUR PUBLIC HEALTH AGENCIES.

MANY OF THE PARTNERSHIPS THAT ARE ANSCHUTZ CAMPUS HAS AS WELL.

AND WORKING FOR THOSE I THINK WILL BE ABLE TO RECEIVE SOME OF THOSE FUNDS.

SO $1.5 BILLION TO SUPPORT STATE AND LOCAL, TRIBAL, TERRITORIAL GOVERNMENTS AS WELL FOR THOSE MORE IMPACTED SMALLER AREAS.

CAN I ASK YOU A QUICK QUESTION ABOUT THE FEMA?

[01:10:03]

SO WE'RE STILL GETTING CLARIFICATION.

BUT I THINK THE GREAT THING ABOUT THE EMERGENCY DISASTER DECLARATION.

THOSE ARE ACTUALLY MONEYS REGENT SMITH THAT MAY BE ABLE TO BE GOTTEN OUT THE DOOR SOONER AS WE'RE DEALING WITH FRONT LINES OF WHAT'S HAPPENING IN COLORADO.

IF YOU LOOK AT BOTH OUR GEOGRAPHIC AND WHAT'S HAPPENING IN OUR STATE, WE HAVE A HIGHER INCIDENCE OF COVERED 19 IMPACT WITH MORE PEOPLE HAVING OR GETTING CONTRACTING COVERED 19. AND SO THEY REALLY LOOKED AT STATES THAT WERE THE HOTBEDS OF THOSE PLACES BEFORE DESIGNATING US WITH THAT EMERGENCY DISASTER.

SO I THINK THIS FUNDING WILL BE ABLE TO FLOW A BIT QUICKER THAN SOME OF THE OTHER FUNDS.

ALL I CAN SAY IS, BASED ON MY EXPERIENCE, HAVING BEEN ON THE WATER BOARD POST FLOOD OF 2013, IT TOOK THREE YEARS OF PAPERWORK TO GET THE MONEY.

WELL, THAT'S A DEPRESSING NOTE TO CONTINUE ON.

LET'S HOPE WE CAN GET THESE GUYS TO GET IT OUT THE DOOR A BIT QUICKER.

SO AGAIN, HUNDRED BILLION FOR A NEW PROGRAM TO PROVIDE GRANTS TO HOSPITALS.

THIS IS CRITICAL FOR OUR PARTNERS THAT U.S.

HEALTH, AS WE KNOW, AS WELL AS CHILDREN'S HOSPITAL, REALLY WANT TO COMPLIMENT AND THANK THE ANSCHUTZ CAMPUS, AS WELL AS ALL OF OUR CAMPUSES WHO HAVE JUST DONE AN EXCEPTIONAL JOB ON THE FRONT LINES OF PROTECTING FOLKS AND KEEPING THEM SAFE.

TWENTY SEVEN BILLION FOR BIOMEDICAL ADVANCED RESEARCH.

THIS IS, OF COURSE, TO TRY TO FIND A VACCINE AND DO CRITICAL DIAGNOSTICS TO SEE WHAT WE CAN COME UP WITH 16 BILLION TO REPLENISH THE STRATEGIC NATIONAL STOCKPILE SUPPLIES OF PHARMACEUTICALS. OF COURSE, THE PERSONAL PROTECTIVE EQUIPMENT, WHICH WE'RE ALL AWARE OF, HAS REALLY BEEN AT A SHORTAGE LEVEL DUE TO THE EMERGENCY AND THEN A BILLION FOR COMMUNITY SERVICE BLOCK GRANTS TO HELP COMMUNITIES ADDRESS THE CONSEQUENCES OF INCREASING UNEMPLOYMENT AND ECONOMIC DISRUPTION.

I DO WANT TO REALLY RECOGNIZE ASSOCIATE V.P.

TONY SALAZAR, WHO HELPED USING HIS BUSINESS CONTACTS AND HIS OUTREACH ROLE WITH PULLING TOGETHER SOME OF THE IMPACTS WHICH WILL HAVE MORE INFORMATION COMING TO OUR REGENTS ON THE BUSINESS SIDE OF THE ADDITIONAL STIMULUS FUNDS.

AND THEN, OF COURSE, 900 MILLION TO LOW INCOME ENERGY ASSISTANCE PROGRAM TO HELP LOWER INCOME HOUSEHOLDS.

NINE HUNDRED FORTY FIVE MILLION THROUGH THE NATIONAL INSTITUTES OF HEALTH IS, AS WE ALL KNOW, OUR FACULTY HAVE BEEN EXCEPTIONAL AND COMPETING IN THAT PEER REVIEW PROCESS, SPECIFICALLY DIRECTED AROUND COVID 19.

AND WE DO HAVE OUR RESEARCHERS AND FACULTY ON THE BOULDER CAMPUS AND ANSCHUTZ CAMPUS THAT ARE LOOKING AT THESE ISSUES, 415 MILLION TO THE DEPARTMENT OF DEFENSE FOR THEIR MEDICAL RESEARCH PROGRAMS, BOTH FOR THE DEVELOPMENT OF VACCINES AND ANTI-VIRAL PHARMACEUTICALS.

SEVENTY FIVE MILLION TO THE NATIONAL SCIENCE FOUNDATION TO SUPPORT RESEARCH TO BETTER UNDERSTAND THE CORONA VIRUS.

FIVE HUNDRED AND SIXTY TWO MILLION TO ENSURE THAT SMALL BUSINESS ADMINISTRATION HAS THE RESOURCES TO PROVIDE THAT ECONOMIC INJURY, DISASTER LOANS AND THEN, OF COURSE, FOUR HUNDRED TWENTY FIVE MILLION FOR SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES TO INCREASE ACCESS TO MENTAL HEALTH SERVICES THROUGH COMMUNITY BEHAVIORAL CLINICS, SUICIDE PREVENTION, ET CETERA.

WE ARE REALLY SEEING HIGH INCIDENCES OF PEOPLE NEEDING HELP DURING THIS PERIOD OF ISOLATION. THERE'S ALSO SOME ADDITIONAL INFRASTRUCTURE DOLLARS FORTY EIGHT POINT FIVE BILLION FOR TRANSPORTATION AND HOUSING.

AND AS A SIDE NOTE, WE'RE HEARING THAT IN STIMULUS FOUR, THERE WILL BE MORE DOLLARS ALLOCATED FOR BOTH POTENTIALLY CAPITAL CONSTRUCTION PROJECTS AND TRANSPORTATION PROJECTS.

SO WE'LL KEEP THE BOARD INFORMED ON THAT.

TWENTY FIVE BILLION FOR PUBLIC TRANSIT OPERATORS TO PROTECT PUBLIC HEALTH AND SAFETY WHILE ENSURING PEOPLE CAN GET FOOD AND BE ABLE TO AT LEAST GET OUT.

AND ABOUT 10 BILLION TO HELP PUBLICLY OWNED AND COMMERCIAL AIRPORTS.

FIVE BILLION FOR COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAMS TO ENABLE THE STATES, COUNTIES AND CITIES TO RESPOND TO THE HOUSING IMPACTS, INCLUDING EXPANSIONS OF COMMUNITY HEALTH FACILITIES, CHILD CARE CENTERS, FOOD BANKS AND SENIOR SERVICES.

BILLION TO ADDRESS THE IMPACT AMONG INDIVIDUALS AND FAMILIES WHO ARE HOMELESS.

YOU MAY HAVE SEEN SOME OF THE ARTICLES IN THE PAPER AROUND THIS.

AND THEN THREE BILLION FOR HOUSING PROVIDERS TO HELP LOW INCOME FOLKS.

FINALLY, MANY PEOPLE WILL BE RECEIVING PAYMENTS FOR INDIVIDUALS, AS YOU SAW.

THIS IS GOING TO BE COMING IN YOUR INCOME TAX REFUNDS.

ONE THOUSAND TWO HUNDRED FOR INDIVIDUALS, TWO THOUSAND FOUR HUNDRED FOR COUPLES, PLUS

[01:15:02]

THIS, OF COURSE, IS IF YOU QUALIFY WITH YOUR ADJUSTED GROSS SALARY OR INCOME OF SEVENTY FIVE THOUSAND FOUR INDIVIDUALS AND ONE HUNDRED FIFTY THOUSAND FOR COUPLES PROVISION TO EXCLUDE UP TO FIVE THOUSAND TWO HUNDRED AND FIFTY DOLLARS IN STUDENT LOAN REPAYMENTS.

THIS WILL HELP OUR STUDENTS TWO HUNDRED AND SIXTY BILLION FOR UNEMPLOYMENT INSURANCE.

THE STATE IS ALSO REALLY TRYING TO INCREASE THEIR ABILITY AROUND UNEMPLOYMENT AN EXTRA SIX HUNDRED PER WEEK ON TOP OF THE STATE'S BASE AMOUNT.

COLORADO IS ABOUT 400 PER WEEK IS EXTENSION OF 13 ADDITIONAL WEEKS TO UNEMPLOYMENT BENEFITS. THE CURRENT NORM IS TWENTY SIX WEEKS IN COLORADO AND THEN, OF COURSE, EXPANSION AND ELIGIBILITY FOR PART TIME SELF-EMPLOYED AND GIG ECONOMY WORKERS.

SO I THINK WE WILL MAKE THESE SLIDES AVAILABLE TO YOU AND THE PUBLIC FOR FOLKS LIKE THIS INFORMATION. THAT'S A GREAT IDEA.

SO ANY ANY QUESTIONS ABOUT THE THE FEDERAL RELIEF? LOTS OF QUESTIONS.

DO YOU HAVE ANY. WE CAN ANSWER.

OK, SO WE WILL.

THANK YOU TO TANYA AND HER TEAM FOR ALL THE WORK THEY'RE DOING ON THE FEDERAL SIDE.

AND THANKS FOR PRESIDENT KENNEDY.

KENNEDY AS WELL. MARK, YOU WANT TO ADD A COUPLE WORDS? I WOULD JUST LIKE TO CONGRATULATE TANYA AND HER TEAM AND THANK THEM FOR THE WONDERFUL WORK THEY'RE DOING. THANK YOU FOR RECOGNIZING THE DEPTH THAT THIS INFORMATION CHAIR GALLEGOS.

AND WE HAVE BEEN TRYING TO KEEP THE OTHER UNIVERSITIES ACROSS THE STATE INFORMED AND GIVING THEM REGULAR E-MAILS AS WE HAVE IT AS TO BOTH THE STATUS OF WHERE THINGS ARE AND WHAT ACTIONS THAT WE NEED TO TAKE.

SO I APPRECIATE THAT, CHRIS.

THE FABULOUS WORK, THE TIME YOU AND YOUR TEAM ARE DOING A GOOD COLLABORATIVE SPIRIT WE HAVE WITH THE OTHER UNIVERSITY PRESIDENTS ACROSS THE STATE AND WITH CCHE AND I LOOK FORWARD TO CONTINUING TO WORK ON THAT.

THANK YOU. BUT I THINK I THINK WHAT WE'VE SEEN THIS MORNING AND THIS AFTERNOON IS THAT THE REGENTS WANT TO KNOW WHERE THE MONEY IS OR WHERE IT ISN'T, WHAT'S COMING.

AND I THINK THAT WE WANT TO BE IN THE KNOW WITH ALL OF THAT INFORMATION.

SO TODD AND TANYA AND YOUR TEAM, I WOULD HOPE THAT YOU WILL WORK ON KEEPING US INFORMED WITH THAT. I THINK WE GO ON TO MAKE DECISIONS AND WE DON'T KNOW HOW LONG THIS IS GOING TO LAST OR WHERE IT'S GOING TO GO.

BUT I THINK THAT IN OUR RUSH TO MAKE GOOD DECISIONS, WE HAVE AN IDEA OF WHERE THESE THINGS ARE COMING FROM. I THINK THAT WAS VERY CLEAR FROM THE SESSION WE HAD THIS MORNING AND ALSO THIS AFTERNOON.

AND I WOULD ALSO THANK YOU AND CONGRATULATE YOU FOR ALL THE WORK THAT YOU'VE BEEN DOING.

AND IT SOUNDS LIKE IT DIDN'T HURT.

MARK KENNEDY TO BE IN WASHINGTON, D.C.

FOR A FEW YEARS EITHER.

SOUNDS LIKE HE WILL CALL IN SOME FAVORS AND SOME PEOPLE TO TALK TO WITH ALL OF THIS STUFF. SO THAT WHOLE LIST COMING FOR THE NEXT ROUND.

WELL, WE'RE JUST GETTING STARTED.

TIME YOU SAID DID IT HURT THE APPETITE IN THE LEGISLATURE AND AT THE STATE GOVERNMENT FOR A WHILE. AND WE APPRECIATE HIS GUIDANCE AS WELL AS HIS TEAM.

BUT BUT PEOPLE LIKE HEIDI AND I, IT'S THIS ISN'T ABOUT PATTING OURSELVES ON THE BACK IT'S SHOW ME THE MONEY.

OH, YEAH. AND THE END OF THE DAY, SHOW US THE MONEY.

I'M GOING TO SHOW YOU SOME MONEY NOW.

BUT IT'S UNFORTUNATELY, THESE DOLLARS HAVE NEGATIVE SIGNS IN FRONT OF THEM.

OK, SO WHEN WE TALK ABOUT THE IMPACTS THAT CORONAVIRUSES HAS HAD ON CU SO FAR, YOU SEE ECONOMIC IMPACTS WHEN WE LOOK AT HOUSING AND DINING AND THE INN AND THE CAMPUSES HAVE COMMITTED TO PAYING OUT THE STUDENT EMPLOYEES TO THE END OF THE SEMESTER, EVEN IF THEY AREN'T ABLE TO DO THEIR JOBS REMOTELY.

AND YOU CAN LOOK AT THE COST OF HOUSING AND DINING, PRO-RATED REIMBURSEMENTS AND CREDITS AND THE COSTS OF THE STUDENT IN HOURLY EMPLOYEES.

AND IT'S ABOUT A FORTY FOUR MILLION COST DOLLAR SYSTEM WIDE.

IT'S IMPORTANT TO NOTE HERE THAT THESE COSTS DON'T INCLUDE ADDITIONAL COSTS THAT ARE BEING ABSORBED BY OUR AREA CAMPUSES, THAT THE APEC GROUP IN DENVER AND AND CHANCELLOR HORRELL SHARED WITH US THAT THEY'RE ANTICIPATING AN IMPACT OF AT LEAST SIX MILLION DOLLARS. A HEAD DOES NOT RECEIVE DIRECT FUNDING FROM THE FROM AS AN EDUCATIONAL INSTITUTION. AND SO WE'RE GOING TO BE NEEDING TO WORK WITH POLICYMAKERS AND SUPPORT OUR COLLEAGUES AT A HEAD TO MAKE SURE THAT THAT THAT WE'RE DOING WHAT WE CAN TO ADDRESS THEIR NEEDS AS WELL. CHANCELLOR HORRELL, DO YOU HAVE ANYTHING YOU'D LIKE TO ADD TO THAT? I THINK YOU COVERED IT. THANKS, TODD.

[01:20:05]

AND HERE YOU CAN SEE WHAT THE DOLLAR AMOUNTS WOULD HAVE BEEN BY CAMPUS IF STATE FUNDING WHERE WERE HELD FLAT FOR NEXT FISCAL YEAR.

OF COURSE, THERE ARE ZEROS RIGHT.

THE JOINT BUDGET COMMITTEE STAFF ASKED US TO CONSIDER THREE DIFFERENT SCENARIOS ZERO, MINUS 10 TO MINUS 20.

AND YOU CAN SEE WHAT THE DOLLAR IMPACTS WOULD BE BY EACH FOR EACH CAMPUS IF STATE FUNDING WERE CUT BY THOSE PERCENTAGES.

NOW, WE'RE IT'S A PARTICULARLY YOU KNOW, THIS IS A VERY CHALLENGING TIME BECAUSE NOT ONLY DO WE HAVE SOME UNEXPECTED EXPENSES THAT I LISTED ON THE PRIOR SLIDE, BUT WE ALSO HAVE THE RISK OF ENROLLMENT BEING LOWER THAN WE HAD ANTICIPATED, WHICH MAKES THIS AN UNUSUAL SESSION. USUALLY WHEN WHEN THE ECONOMY IS IN A SLUMP, HIGHER ED ENROLLMENTS GO UP.

BUT WE'RE WE'RE CONCERNED THAT THAT MIGHT NOT BE THE CASE, AT LEAST IN THE NEAR FUTURE.

AND SO WE'RE DEFINITELY TRYING TO, YOU KNOW, ENCOURAGE POLICYMAKERS TO OR JUST SHARE THIS INFORMATION WITH THEM SO THAT HOPEFULLY THEY'LL HAVE MERCY AND AND NOT NOT CUT US AS MUCH OR FOR POSSIBLY NOT CUT US BECAUSE WE'RE HAVING TO DEAL WITH DECLINING ENROLLMENT, BUT POTENTIALLY DECLINING ENROLLMENTS AND UNEXPECTED EXPENSES THAT OBVIOUSLY WE'RE NOT ALONE IN COLORADO DEALING WITH THOSE CHALLENGES.

WHEN YOU LOOK AT ENROLLMENTS AT ALL OF OUR CAMPUSES, THIS IS HOW MUCH IT WOULD COST EACH CAMPUS IF THERE WAS A 1 PERCENT DECLINE IN ENROLLMENT IN EACH OF THESE CATEGORIES.

AND, JUST SO THIS CHART MAKES SENSE TO YOU.

THE NONRESIDENT UNDERGRADUATE ENROLLMENT RIGHT HERE IS THE SUM OF BOTH DOMESTIC AND INTERNATIONAL. SO THESE TWO NUMBERS ADDED TOGETHER EQUAL THIS NUMBER.

AND THE SAME THING, NONRESIDENT GRADUATE.

THESE TWO NUMBERS ADDED TOGETHER EQUAL THIS NUMBER, BUT THIS GIVES YOU AN IDEA OF WHAT 1 PERCENT ENROLLMENT DECLINE WOULD HAVE, WHAT THE IMPACT WOULD BE ON EACH OF OUR CAMPUSES.

A SYSTEM WIDE 1 PERCENT ENROLLMENT DECLINE, WHICH WOULD RESULT IN AN 11 MILLION DOLLAR LOSS OF REVENUE. ANY QUESTIONS ABOUT THAT? YOU SEND THAT SLIDE OUT AS WELL? YES. YOU BET.

TODD, WHO DO YOU WHO YOU SHARE THIS INFORMATION WITH, THE GOVERNOR'S OFFICE OR THE LEGISLATORS OR TCHE OR EVERYONE.

SO WE'RE COLLECTING SO SO ALL THE HIGHER ED INSTITUTIONS IN THE STATE ARE WORKING TOGETHER TO TO COLLABORATIVELY TO COLLECT INFORMATION ABOUT THE UNANTICIPATED COSTS LIKE HOUSING AND DINING REFUNDS AND CREDITS, AS WELL AS WHAT THE POTENTIAL IMPACTS WOULD BE OF ENROLLMENT DECLINES AND STATE FUNDING CUTS.

AND WE'RE ALL COLLABORATING, POOLING THAT INFORMATION.

AND WE'LL BE PROVIDING IT TO THE JOINT BUDGET COMMITTEE AND THE GOVERNOR'S OFFICE ON THEIR DECISION MAKING PROCESS.

AND REGENT SMITH IF I CAN ADD, WE HAVE BEEN SHARING SOME OF THE FEDERAL BREAKDOWNS OF THIS WITH LEADERSHIP, REPUBLICANS AND DEMOCRATS, AS WELL AS THE JOINT BUDGET COMMITTEE AND THEIR KEY STAFF TO.

GREAT. OKAY. THANK YOU.

AND I WOULD SAY, GIVEN WHAT YOU JUST SAW WITH THE FACT THAT WE HAVE COST, WE'RE INCURRING WE'VE BEEN EMPHASIZING THAT EVEN A FLAT INCREASE, A FLAT FUNDING IS A CUT FOR US GIVEN THE EXTRA COSTS THAT WE'RE INCURRING, EVEN WITHOUT HAVING ANY DECLINE IN ENROLLMENT.

SO WHEN WE LOOK AT.

SO WHEN WE LOOK AT BUDGET BALANCING.

THERE ARE EACH OF THE CAMPUSES.

YOU'VE SEEN THIS LIKE THIS BEFORE WHEN WE TALKED ABOUT THE POTENTIAL IMPACT OF BUDGET SHORTFALLS AT THE UNIVERSITY OF COLORADO.

BUT EACH OF THE CAMPUSES, WAS IT, YOU KNOW, PUT TOGETHER A LIST OF THE KINDS OF THINGS THAT YOU'D HAVE TO CONSIDER.

IF BUDGET CUTS, YOU KNOW, DEPENDING UPON THE DEGREE TO WHICH BUDGET BUDGETS ARE IMPACTED, AND SO WE HAVE A SLIDE IN HERE FOR EACH OF THE CAMPUSES THAT THERE IS A CONSISTENT THEME.

[01:25:02]

ALSO, THE POSSIBLE USE OF RESERVES, A POSSIBLE REDUCTION IN SPENDING ON DEFERRED MAINTENANCE. THERE COULD BE ACTIONS DEPENDING ON THE DEPTH OF CUTS THAT COULD IMPACT OUR WORKFORCES, EITHER IN TERMS OF COMPENSATION OR ACTUAL OR ACTUAL LAYOFFS OR FURLOUGHS, DEPENDING UPON THE SEVERITY OF THE PROBLEM.

AND THERE IS ALSO THE POSSIBILITY THAT SOME PROGRAMS WOULD BE IMPACTED, PROGRAMS COULD BE ELIMINATED OR CONSOLIDATED.

SO IT'S A CONSISTENT THEME FOR ALL THE CAMPUSES.

SO I'M NOT I DON'T THINK I'LL GO THROUGH EACH OF THE CAMPUSES.

BUT THIS IS A THIS IS IN BOARD DOCS RIGHT NOW.

BUT I'LL SEND A PDF VERSION TO ALL THE REGENTS AS WELL.

SEE, YOU JUST HAVE IT. BUT I DON'T KNOW IF THE IS IF THERE ARE ANY IF THERE'S ANYTHING IN PARTICULAR CHANCELLORS WANT TO HIGHLIGHT IN THIS AREA.

THERE ARE PARTICULAR QUESTIONS THE BOARD WOULD LIKE TO US TO TRY TO ANSWER.

I JUST MIGHT ADD, AND I'M SURE THAT THE OTHER CHANCELLORS WOULD SAY THIS AS WELL, THAT, YOU KNOW, THERE'S JUST A LOT OF UNCERTAINTY RIGHT NOW THAT WE'RE STILL EARLY ON IN THIS.

WE ARE HOPING THAT THERE WILL BE YET ANOTHER PACKAGE OF FEDERAL MONEY THAT MIGHT COME THAT MIGHT HELP WITH ALL OF THIS.

AND WE DON'T KNOW, AS YOU'VE SAID, WHAT TO EXPECT TOTALLY FROM THE STATE.

BUT A COUPLE OF THINGS THAT I THINK IT WOULD BE IMPORTANT FOR THE REGENTS TO KNOW THAT ALL OF US ARE IN THIS TOGETHER AND REALLY WORKING WELL ACROSS THE SYSTEM AND THE FOUR CAMPUSES TO REALLY LEARN FROM EACH OTHER AND TO BORROW THE GOOD IDEAS AND TO TRY AND BE HAVE SOME CONSISTENCY IN THE WAY THAT WE'RE APPROACHING THIS SPECIFICALLY FOR CU DENVER.

AND I KNOW THIS IS HAPPENING AT ALL THE OTHER CAMPUSES AS WELL.

OUR TEAMS HAVE JUST BEEN DOUBLING DOWN TO REALLY LOOK AT ALL OF THIS.

AND THANKFULLY, WE WERE POISED TO DO THAT BECAUSE OF THE REMARKABLE WORK THAT WAS HAPPENING BEFORE AS WE WERE REALLY TAKING A LOOK AT AT OUR ONGOING BUDGET ISSUES.

AND WE HAD IMPLEMENTED AN INCENTIVE BASED BUDGET MODEL.

AND THAT'S GOING TO SERVE US EVEN BETTER IN THE FUTURE THAN WE MIGHT HAVE ANTICIPATED.

SO ALL IN ALL, YOU KNOW, I THINK WE ARE DEALING WITH THIS NOW ONE DAY AT A TIME.

AND AS MARK MENTIONED IN HIS COMMENTS, THAT AT THE BEGINNING OF THE MEETING THAT WE SOON HOPE TO BE MOVING FROM THE TRIAGE STAGE, WHERE WE ARE DEALING WITH THE IMMEDIATE NEEDS AND OUR RESPONSES TO REALLY LOOKING AT WHAT'S NEXT AS WE STABILIZE AND THEN MOVING FORWARD TO UTILIZE THIS FOR REALLY TRANSFORMATIVE ACTIONS IN THE FUTURE.

THANK YOU. THANK YOU.

OTHER CHANCELLORS YOU WOULD YOU LIKE TO? SO OUR SITUATION IS KIND OF SIMILAR, BUT I FEEL LIKE STUDENTS ARE NOT GOING TO STOP GOING TO COLLEGE. RIGHT.

SO WE JUST NEED TO FIGURE OUT HOW DO WE ADAPT WHAT WE'RE DOING SO THAT WE'LL CONTINUE TO ATTRACT THOSE STUDENTS FROM A UCCS PERSPECTIVE.

WE'VE BEEN OFFERING ONLINE DEGREES SINCE NINETEEN NINETY SIX, SO YOU'LL SEE US PROMOTING IT QUITE A BIT IN TERMS OF THE STRENGTH WE HAVE IN OFFERING THIS ONLINE DEGREES AND HOW WE CONTINUE TO PROVIDE QUALITY EDUCATION THROUGH THAT OUR FACULTY WHO TEACH ON CAMPUS WHILE ALSO TEACHING ONLINE.

SO WE WILL TRY TO STRESS A LOT ON THAT MARKETING SIDE OF THE ISSUE.

BUT IN TERMS OF FINANCIAL CHALLENGES, YEAH, WE ARE VERY COGNIZANT OF IT.

LIKE DOROTHY HAS [INAUDIBLE], I THINK THE CHANCELLORS AND THE PRESIDENT ARE WORKING ON A VERY, VERY REGULAR BASIS WITH THE HELP OF A LOT OF THE VICE PRESIDENTS IN AND FIGURED OUT HOW DO WE COME TOGETHER AND PLAN FOR THIS THING.

SO I FEEL LIKE THIS IS A TIME THIS BIG AS A SYSTEM WORKING TOGETHER IS GOING TO BE FOUGHT AS WELL FROM A FINANCIAL PERSPECTIVE.

WE ARE MAKING SYSTEMATIC PLANS OF.

IF THIS LAST THREE MONTHS, WHAT DOES IT NEED? IF IT LASTS SIX MONTHS OF THE LAST THREE YEARS, WE NEED TO MAKE THOSE THOUGHTFUL PLANNINGS SO WE DON'T REACT TO CRISES WHEN IT HAPPENS, BUT WE'LL BE PROACTIVE.

SO I DO WANT TO THANK ALL THE REGENTS FOR THEIR SUPPORT AS WE GO THROUGH THIS PROCESS.

BE THERE FOR US BECAUSE THIS IS A TOUGH TIME.

NOBODY HAS EVER SEEN ANYTHING LIKE THIS.

I WANT TO GIVE A HUGE KUDOS TO OUR FACULTY AND STAFF.

[01:30:01]

I'VE NOT HAD A SINGLE COMPLAINT FROM THE FACULTY OR A STAFF MEMBER SAYING, WHAT ARE YOU GUYS DOING? SO THEY ALL HAVE ADAPTED THAT, ADJUSTING TO IT.

MY MESSAGE HAS BEEN CONSISTENT THROUGH THE CAMPUS THAT I'VE COME OUT STRONGER FROM THIS TOGETHER BECAUSE I'M GOING TO STAND TOGETHER ON THIS.

NOW, LET ME JUST ADD VERY BRIEFLY, AND I CERTAINLY AGREE WITH COMMENTS THAT THAT DOROTHY MADE ABOUT THE CHANCELLOR WAS WORKING COLLABORATIVELY WITH EACH OTHER AND AND WITH PRESIDENT KENNEDY.

I'M VERY PLEASED AT THE BOULDER CAMPUS THAT WE'RE SHOWING YOU THIS AND BEING PROACTIVE.

AND NO MATTER WHAT HAPPENS WHEN WE GET BACK TO WHERE OUR STUDENTS ARE BACK ON CAMPUS AND WE GET BACK TO, QUOTE, NORMAL, IT'S GOING TO BE A NEW NORMAL.

AND WE'RE LOOKING FROM A PROACTIVE STAND AS WHAT WE CAN DO, WHAT WE HAVE LEARNED THROUGH THIS CRISIS THAT WILL MAKE US BETTER AS A CAMPUS IN THE NEAR FUTURE.

YOU KNOW, THE ONE AREA THAT I HAVE TO MENTION IS WE MAKE DECISIONS VERY QUICKLY.

AND, YOU KNOW, THE YOU KNOW, YOU KNOW THE STORIES ABOUT HIGHER ED AND HOW LONG IT TAKES FOR HIGHER ED ADMINISTRATORS TO MAKE DECISIONS.

WE LEARNED VERY QUICKLY THAT WE HAD TO MAKE DECISIONS QUICKLY AND WE DID.

AND THEY'VE WORKED OUT SO FAR.

SO THAT STARTS TO CHANGE THE CULTURE OF OF HOW WE WORK WITH FACULTY AND STAFF IN MOVING FORWARD. SO WE'RE LOOKING AT OPPORTUNITIES THROUGH THIS CRISIS AS A WAY TO MAKE THINGS BETTER FOR THE FUTURE.

AND LIKE VENKAT AND DOROTHY, I'M REALLY PLEASED WITH THE WORK OF OUR FACULTY AND OUR STAFF AND OUR STUDENTS WHO ARE GOING TO BENEFIT FROM THIS AS WELL.

SO I YOU KNOW, I LOOK AT THIS AS AN OPPORTUNITY TO LEARN SOME THINGS AND TO DO SOME THINGS DIFFERENTLY IN THE FUTURE THAT WE HAVEN'T BEEN DOING.

I GUESS I WOULD I WOULD JUST ECHO WHAT PHIL SAID.

I THINK THERE'S NO QUESTION THAT THE SITUATION HAS DRAWN US ALL TOGETHER, BOTH AT THE CAMPUS LEVEL AND AT THE AT THE SYSTEM LEVEL.

I MEAN, WITHIN THE ETCHES CAMPUS WITH FIVE DIFFERENT SCHOOLS, THEY'RE ALL IN VERY DIFFERENT ECONOMIC SITUATIONS.

THE BIGGEST HIT WE'RE GETTING RIGHT NOW, THE BIGGEST PROBLEM I THINK WE'RE GETTING OTHER THAN ONE THAT TODD MENTIONED IS IS ON THE CLINICAL SIDE OF THE HOUSE WHERE WE'RE WE'RE JUST BEING CRUSHED BY THE DECISION TO STOP ELECTIVE SURGERIES, BASICALLY ELECTIVE ACTIVITY. WE'RE GOING TO COME BACK TO A NEW NORMAL AND WE'RE GONNA COME BACK AND I THINK WE WILL LEARN AND WE'LL BE WE'LL BE BETTER FOR IT.

WHEN WHEN WE GET OUT OF THIS, THE YOU KNOW, DON'T BE FOOLED BY THE PROJECTIONS.

THE THE LATEST STORIES ARE THAT WE SHOULD PEAK AND CASES AROUND THE STATE SOMETIME IN MID TO LATE APRIL. BUT WE'RE GONNA BE DEALING WITH THE TAIL OF THIS THING FOR A LONG TIME TO COME. AND WE ALL NEED TO PLAN FOR THAT.

AND I THINK THAT'S EXACTLY WHAT WE'RE DOING RIGHT NOW.

SO AS THE STATE LOOKS AT NEW NEXT STEPS, NOW, THEY'RE GOING TO LOOK AT A VARIETY OF BUDGET BALANCING OPTIONS.

THE FIRST THING THEY'LL LOOK AT IS THAT FEDERAL RELIEF FUNDS AND THE EXTENT TO WHICH THIS CAN BE USED TO OFFSET STATE BUDGET CUTS.

BUT THEY WILL BE LOOKING AT ALL THE TOOLS IN THEIR TOOLBOX.

SO SO THE STATE'S RESERVE, IS IT.

IS IT ABOUT NINE NINE HUNDRED FIFTY MILLION DOLLARS RIGHT NOW? AND THAT THAT'S A POTENTIAL PLACE WHERE NO WHERE THEY COULD BUT THEY COULD ALSO LOOK AT THINGS THAT THEY'VE DONE DONE IN THE PAST.

THEY THEY HAVE SUSPENDED THE SENIOR HOMESTEAD EXEMPTION INTO PASS TEMPORARILY.

THAT HAS THAT HAS SAVED THEM.

IT WOULD SAVE ON ONE HUNDRED AND FIFTY MILLION DOLLARS.

THEY COULD LOOK AT CUTTING K-THROUGH-12 OR HIGHER ED.

ONE OF THE THINGS THAT IS OFTEN, YOU KNOW, ONE OF THE FIRST THINGS THE STATE TURNS TO IS CAPITAL CONSTRUCTION AND SUSPENDING ANY NEW PROJECTS THAT HAVE BEEN APPROVED.

THEY'VE EVEN GONE SO FAR IN SOME YEARS TO SUSPEND STATE FUNDING FOR PROJECTS THAT ARE THAT ARE CURRENTLY UNDER WAY.

YOU KNOW, HOPEFULLY IT DOESN'T COME TO THAT THAT IF IT DOES, YEAH, THAT WOULD OBVIOUSLY HAVE AN IMPACT ON CU ANSCHUTZ.

AND SO THERE.

AND SO I THINK EVERYTHING IS ON THE TABLE AT THE STATE.

AND THE BIG QUESTION MARK IS HOW FAR ARE THEY GOING TO NEED TO GO? AND THEY'LL DETERMINE THAT BY LOOKING AT THE NEW STATE REVENUE FORECAST AND THE FEDERAL RELIEF THAT'S AVAILABLE AND.

YEAH. YEAH, I THINK THAT THAT'S IT.

THAT'S ALL I HAD UNLESS YOU HAVE OTHER QUESTIONS.

[01:35:01]

FIRST AND FOREMOST, LUCY SAYS HELLO TO EVERYBODY.

SHE'S HANGING OUT WITH DADDY FOR A LITTLE WHILE.

MOM GETS A LITTLE BREAK.

THE REDUCED TRANSFER TO ENROLLMENT CONTINGENCY, WOULDN'T THAT REALLY BE THE OTHER WAY AROUND? WOULDN'T WE BE MAYBE DRAWING UPON OUR ENROLLMENT CONTINGENCY FUNDS DURING THIS TIME? SO AT CU DENVER PART OF THEIR BUDGET PLAN FOR FY20 21 WAS ACTUALLY RESTORED THE ENROLLMENT CONTINGENCY BECAUSE THEY HAD BEEN SPENT DOWN IN THE CURRENT FISCAL YEAR BECAUSE OF BUDGET CUTS.

AND SO. SO ONE OF THE.

SO IT'S KIND OF LOOKING AT THE SAME THING THROUGH TWO DIFFERENT LENSES.

SO BY NOT RESTORING THE ENROLLMENT CONTINGENCY AT CU DENVER AND SPENDING DOWN A LITTLE BIT. AND THEN THE OTHER QUESTION I HAD WAS THERE'S THE TANYA HAD MENTIONED THE FIFTY TO FIFTY IN FIVE THOUSAND TWO HUNDRED FIFTY DOLLARS THAT EMPLOYERS CAN BE EXEMPTED FROM THEIR FEDERAL TAX OBLIGATIONS, PAYROLL TAX OBLIGATIONS.

IF WE OFFER A STUDENT LOAN FORGIVENESS, THAT'S SOMETHING MAYBE WE COULD HAVE YOUR SHOT.

TODD AND KATHY, LOOK INTO IT.

I DON'T KNOW IF IT IS ONLY FOR PEOPLE WHO ARE ALREADY OFFERING THAT BENEFIT.

OR PERHAPS WE COULD QUALIFY FOR THAT IF WE IF WE ADDED IT, BECAUSE THAT MIGHT BE A GOOD WAY TO HELP OFFSET, AT LEAST FOR SOME OF OUR EMPLOYEES.

THE FACT THAT IT'S THAT, YOU KNOW, AMERICA INCREASE IS LOOKING LESS LIKELY FOR THE FORESEEABLE FUTURE.

SO WE MAY LOOK INTO THAT AND SAY IT'S A OPTIONAL B.

IT WAS IN THE FEDERAL LEGISLATION THAT WE NEED TO LOOK AT THAT MORE AND WE'LL LOOK INTO THAT MORE INFORMATION.

I JUST WANT TO SAY THANK YOU TO ALL THE CAMPUS CFOS AS WELL AS EVERYONE IN TODD'S SHOP.

YOU KNOW, YOU ALL HAD A REALLY GOOD BUDGET PLAN THAT WE HAD TO, YOU KNOW, BASICALLY GIVE UP ON ABOUT TWO WEEKS AGO.

SO THANKS FOR ALL THE HARD WORK THAT YOU'VE BEEN DOING AND ALL THE HARD WORK THAT YOU'LL HAVE TO DO FROM HERE TO THE FINISH LINE.

DO WE HAVE OTHER REGENTS QUESTIONS, COMMENTS? I HAVE A COUPLE OF LAST ONES.

AND WHEN WE TALK ABOUT FINANCES, ENROLLMENT MEANS FINANCES AT LEAST TO THREE OF OUR CAMPUSES. AND ENROLLMENT IS AN IMPORTANT THING AS WE MOVE INTO THIS, LOOKING FOR ENROLLMENT AND LOOKING FOR TO TO MAKE SURE THAT STUDENTS ARE COMING TO OUR CAMPUSES AT NOON TODAY. IRENE SENT OUT A SOMETHING ON ON THE INTERNET THAT TALKED ABOUT WHAT THE UNIVERSITY OF CALIFORNIA SYSTEM WAS DOING IN ORDER TO WORK WITH THEIR STUDENTS AND TO BE FLEXIBLE. AND I MEAN, I DON'T KNOW IF IF I CAN PUT YOU ON THE SPOT TO MAYBE TALK ABOUT THAT FOR JUST A SECOND.

I WOULD JUST ENCOURAGE PEOPLE TO READ IT BECAUSE IT'S IMPORTANT FOR US TO LOOK BEYOND OUR OWN BOUNDARIES AND SEE WHAT OTHER UNIVERSITIES ARE DOING AND OTHER STATES ARE DOING REGARDING TESTING AND OTHER THINGS.

IT'S A TIME FOR US TO BE VERY INNOVATIVE.

WHAT WHAT THE UNIVERSITY OF CALIFORNIA SYSTEM IS DOING IS THAT THEY ARE AND WE TALKED ABOUT IT THIS MORNING, IS THERE BYPASSING TESTS IN ORDER TO GET INTO A UNIVERSITY.

AND THEY'RE ALSO TAKING GRADES SINCE MOST OF THE SCHOOLS ARE NOT IN SESSION THIS YEAR.

THEY'RE TAKING GRADES FROM HOMESCHOOLING AND FROM OTHER THINGS WHERE THEY DIDN'T IN THE PAST IN ORDER TO WORK WITH STUDENTS AND TO BE ABLE TO ENROLL THEM.

AND SO THEY THEY'VE ALREADY STARTED TO DO SOME OF THAT.

AND WHAT THEY'RE LOOKING AT AS WELL AS IS ENROLLMENT.

I THINK IT'LL BE INTERESTING TO SEE WHAT KINDS OF OF FLEXIBILITY KINDS OF THINGS THAT YOU WILL APPROACH THIS BOARD WITH AS WELL IN ORDER TO MAKE SURE THAT IT'S NOT BUSINESS AS USUAL. SORRY, GO AHEAD, DOROTHY.

GO AHEAD. I EXPECT YOU'RE GOING TO SAY THE SAME THING ABOUT THE TESTING.

YES. SO, CHAIR GALLEGOS, THERE IS A STATUTORY REQUIREMENT IN COLORADO FOR INSTITUTIONS OF HIGHER ED TO USE THESE NATIONAL TESTS.

AND IT'S SAT OR ACT AT THIS POINT.

AND OF COURSE, AS AS YOU KNOW AND AS HAS BEEN REPORTED, THOSE TESTS WILL NOT BE OFFERED THIS SPRING. AND SO WORKING WITH CDHE, THE HIGHER ED INSTITUTIONS ARE TRYING TO GET THE GOVERNOR TO PROVIDE A WAIVER FOR THAT STATUTE SO THAT THEN WE CAN ADDRESS THESE ISSUES.

[01:40:06]

AND THEY CERTAINLY ARE TOP OF MIND.

DOROTHY, YOU HAD A COMMENT.

THAT'S WHAT I WANTED TO SHARE.

THANKS. OK.

I COULD JUST ADD OR ADD TO THAT.

YOU KNOW, THE CHANCELLORS AND THE VPS.

THEY'RE GOT GOT IT.

EXACTLY RIGHT. AND WE NEED TO BE CONCERNED NOT ONLY ABOUT THIS FALL, YEAR'S CLASS, BUT THE FOLLOWING FALL, AS WELL AS MANY OF THOSE STUDENTS WON'T HAVE ACCESS TO THOSE EXAMS. AND I THINK CORRECT ME IF I'M WRONG.

VICE PRESIDENT LIGHTNER THAT OUR REGENT POLICIES SAY THAT THE ADMISSION CRITERIA AND ADMISSION STANDARDS RESTS WITH OUR FACULTY.

SO WE'RE A LITTLE BIT DIFFERENT THAN THE UC SYSTEM IN THAT THE UC SYSTEM KIND OF DICTATES ADMISSION CRITERIA FROM THE BOARD LEVEL, WHEREAS WE HAVE DELEGATED THAT MOSTLY TO OUR FACULTY. SO PERHAPS THAT'S SOMETHING THAT THE FACULTY CAN TAKE A LOOK AT AS WELL.

DURING THE INTERVENING MONTHS BETWEEN WHEN WE ENROLL OUR FALL CLASS AND WHEN WE NEED TO START RECRUITING FOR 2021 AND BEYOND.

ABSOLUTELY. AND JUST TO ADD COMPLEXITY TO THE CONVERSATION, AND YOU'RE EXACTLY RIGHT.

INTERNATIONAL BACCALAUREATE STUDENTS ARE NOT ABLE TO TAKE THEIR EXAMS THIS PARTICULAR YEAR. AND THE I.B.

PROGRAMS ARE STILL GOING TO GRANT DIPLOMAS BASED ON COURSEWORK IN GRADES.

HOWEVER, CCHE REGULATIONS AND STATUTORY REQUIREMENTS SAY THAT IF THEY'VE GOT A DIPLOMA, WE HAVE TO GIVE THEM 24 HOURS OF CREDIT.

WHICH IS WONDERFUL. BUT THEN THE CREDIT THAT THEY GET IS BASED ON THE EXAM SCORES, BECAUSE THE EXAM SCORES ARE WHAT DROVE.

GETTING A DIPLOMA. SO.

SO AS YOU CAN SEE, WE'VE GOT A CHICKEN AND EGG THING GOING ON WITH INTERNATIONAL BACCALAUREATE THAT WE'RE WORKING ON RIGHT NOW WITH THE STATE AS WELL.

GREAT. MR. CHAIR I WANT TO COMPLIMENT THE GOVERNOR'S OFFICE HAS BEEN REALLY WORKING CLOSELY WITH US, NOT JUST ON THIS ISSUE.

YOU MAY HAVE SEEN THAT THEY WAIVED THEIR PERFORMANCE REQUIREMENTS FOR THE TEACHERS AND K-12. THEY ALSO RE WAIVED ALL OF THE TESTING REQUIREMENTS FOR THE STUDENTS ON C MASS.

AND SO I DO REALLY WANT TO THANK THEM BECAUSE I THINK EVENTUALLY WE'RE GONNA GET WHAT WE NEED TO GET TO MAKE SURE THAT OUR STUDENTS GET WHAT THEY NEED TO BE SUCCESSFUL.

THAT'S GOOD INFORMATION TO KNOW.

THANKS. WELL, WE'RE ABOUT READY TO WRAP UP HERE.

I THINK WE'VE HAD A GREAT DISCUSSION, ESPECIALLY AROUND THE THE FINANCE COMMITTEE.

AND, YOU KNOW, WE HAVE A LOT OF CHALLENGES AHEAD OF US.

AND IT LOOKS LIKE WE'RE ON TOP OF THEM.

AND AGAIN, I THINK THAT DOES SPEAK FOR THE REGENTS.

WE APPRECIATE YOUR HARD WORK.

YOU'RE IN THE FRONT LINES AND YOU SEE IT A LOT BETTER THAN WE DO.

AND AS REGENTS, WE CERTAINLY WANT TO SUPPORT EVERYTHING THAT YOU DO AS WELL.

AND WITH THAT, UNLESS REGENTS HAVE A LAST COMMENT OR A QUESTION OR WHATEVER, WE'RE GOING TO WRAP IT UP SO I'LL WAIT 10 SECONDS TO SEE IF ANYONE.

I HAVE A COMMENT.

FIRST OF ALL, LIKE I I CAN'T EXPRESS MY APPRECIATION ENOUGH FOR OF EVERYONE AT THE UNIVERSITY WHO'S BEEN WORKING THROUGH THIS.

AND I CAN'T BEGIN TO IMAGINE THE AMOUNT OF HOURS AND STRESS AND PRESSURE THAT EVERYONE IS UNDER. AND I KNOW THE WHOLE BOARD OF REGENTS JUST APPRECIATES ALL OF YOU SO MUCH.

WE CAN'T HELP BUT WORRY ABOUT OUR FACULTY AND WORRY ABOUT OUR STUDENTS SO WE CARE SO DEEPLY ABOUT. TOO BAD WE DON'T HAVE MORE CERTAINTY AROUND WHAT'S GOING ON AND BEING ABLE TO PLAN WITH WITHOUT CERTAINTY, BUT THAT'S WHAT LIFE THROWS AT US SOMETIMES.

AND SO WE'RE PRETTY NIMBLE AND FLEXIBLE AND WE CAN WORK WITH WHAT WE HAVE.

AS WE DISCUSSED EARLIER TODAY, I KNOW THAT THE BOARD OF REGENTS WILL BE MEETING MORE REGULARLY THAN OUR REGULARLY SCHEDULED MEETING.

SO I'LL LOOK FORWARD TO THOSE CONTINUED BRIEFINGS ON WHAT'S GOING ON, BECAUSE THIS IS BY THE DAY WHERE A LOT IS CHANGING, A LOT IS HAPPENING.

AND WITH A WEEK OR TWO WEEKS, OUR WORLD CAN CHANGE RAPIDLY.

SO I THINK IT IS IMPORTANT THAT THIS BOARD STAY ABREAST OF OF WHAT IS HAPPENING WITHIN THE UNIVERSITY AND BE ABLE TO PARTICIPATE IN THAT DIALOG.

SO I'LL LOOK FORWARD TO SEEING ALL OF YOU VIRTUALLY HOPEFULLY HERE IN THE NEXT COUPLE OF

[01:45:01]

TO BE FLEXIBLE AND PUTTING ON THE ZOOM MEETING AND FE AND MARK OSTRANDER YOUR WORK ON THIS AS WELL. THIS HAS JUST BEEN REALLY, I THINK, OF REMARKABLE SUCCESS IN BEING ABLE TO PUT ORGANIZED THIS MEETING THE WAY IT'S BEEN DONE.

SO THANK YOU. THANK YOU.

ANYBODY ELSE? BEFORE WE ADJOURN? I DO.

GLENN, I JUST WANTED TO SAY THANK YOU AS OUR CHAIR FOR ALL THE I KNOW EXTRA HARD WORK.

YOU'VE BEEN WORKING FULL TIME FOR US AND OUR BEHALF AND KEEPING US INFORMED AND HELPING TO COORDINATE WITH OUR PRESIDENT AND OUR STAFF.

THIS MEETING WENT VERY WELL AND IT WAS VERY INFORMATIVE AND FACILITATED IN A VERY PROFESSIONAL MANNER. AND AGAIN, AS I STARTED OFF OUR MEETING.

I JUST WANT TO EXTEND TO OUR CHANCELLORS AND TO OUR PRESIDENT.

LET US KNOW WHAT WE CAN DO TO HELP YOU.

THIS IS A TIME WHERE, YOU KNOW, SOMETIMES WE NEED TO WE REALLY NEED TO LISTEN TO YOUR GUIDANCE, TO THE EXPERTS IN THE FIELD.

YOU'RE THE ONES THAT ARE GOING THAT KNOW WHAT IS GOING ON IF EVERY CAMPUS AND WHAT THEIR NEEDS ARE. OUR STUDENTS, WE NEED TO LISTEN TO OUR FACULTY AND STAFF AND THEN TAKE THAT INFORMATION AND SUPPORT IT IN ANY WAY WE CAN.

SO THANK YOU.

AND TO EVERYONE AND AND AGAIN, THANK YOU SO MUCH FOR THOSE THAT ARE LISTENING FOR COMING TO SHARE THIS TIME WITH US.

GREAT.

I'D LIKE TO SAY SOMETHING.

SURE. WELL, IT SEEMS LIKE EVERYTHING IS SORT OF GROUND TO A HALT OR SLOWED DOWN, BUT I JUST WANTED TO MENTION, YOU KNOW, HEIDI AND I HAD WORKED WITH A GROUP OF PEOPLE AT BOULDER TO DO THE PRESIDENTIAL SUSTAINABILITY CHALLENGE, WHICH WAS SUPPOSED TO HAPPEN ON THE 50TH ANNIVERSARY OF EARTH DAY ON APRIL 20TH.

IT TURNS OUT THAT THE ENVIRONMENTAL CENTER IS STILL GOING TO HAVE A VIRTUAL CELEBRATION OF EARTH DAY ON THE 20TH AND THE BOULDER CAMPUS IS GOING TO CONTINUE DOING THEIR COMPETITION AND THE ENVIRONMENTAL CENTER WILL BE ACTUALLY AWARDING THE MONEY AND WON'T BE COMING FROM THE PRESIDENT AND THE NEW VENTURE CHALLENGE.

ALSO WENT FORWARD AND WE HAVE A WINNER AROUND FOOD.

FOOD USE OF FOOD LIKE FRUITS AND VEGETABLES THAT ARE MAYBE SLIGHTLY DANGER AND SO FORTH.

SO I'M GOING TO SEND OUT THAT SLIDE DECK.

BUT WE'RE HOPING IN THE FUTURE THAT THAT WE CAN ACTUALLY HAVE THE IN-PERSON COMPETITIONS PERHAPS NEXT YEAR. HAPPY EARTH DAY COMING UP.

ALL RIGHT. THIS MEETING IS ADJOURNED AT 3:22 P.M.

THANKS TO EVERYBODY.

* This transcript was compiled from uncorrected Closed Captioning.