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[00:00:01]

THIS MEETING IS BEING CALLED TO ORDER, YOU KNOW, EACH BOARD CHAIR GETS A GAVEL.

[B. 10:30 a.m. CALL TO ORDER/PUBLIC SESSION, Chair Gallegos presiding]

MINE IS GONNA BE BRAND NEW.

BECAUSE WE'RE NOT USING THE GAVEL, BECAUSE WE'RE NOT DOING PUBLIC MEETINGS AT THIS POINT.

SO THAT GAVEL, IT WILL BE LIKE NOT USED AT ALL.

I APPRECIATE EVERYONE AND THEIR TIME.

THOSE OF YOU THAT ARE ON THE ZOOM CALL.

WE'RE SORRY THAT WE'RE A FEW MINUTES LATE.

BUT WE WE DID.

WE GOT HERE AS QUICK AS WEAK AS WE COULD, SO.

THANK YOU VERY MUCH FOR BEING HERE.

REGENTS AND GUESTS WE'RE LIVE STREAMING AND RECORDING OUR BOARD MEETING.

SO PLEASE BE AWARE THAT YOU ARE BEING RECORDED IN LIVE STREAM.

REGENT SHARKEY WILL YOU LEAD US IN THE PLEDGE OF ALLEGIANCE? I WILL. AND IF WE COULD STAND.

THERE WE GO. PLEASE JOIN ME IN THE PLEDGE.

. THANK YOU VERY MUCH.

THAT'S AWKWARD. EVERYONE GET IT.

IT WAS A GOOD, GOOD RENDERING.

WASN'T THAT GOOD, MR. KROLL.

GLENN. JUST SO YOU KNOW, WE DON'T HAVE VIDEO FOR YOU.

IN CASE YOU WANTED TO.

OH, NO.

HOW ABOUT NOW? BECAUSE THIS IS A REMOTE MEETING WITH AN ABBREVIATED AGENDA.

WE ASKED, DID ANYONE WITH PUBLIC COMMENTS PLEASE E-MAIL THEM TO THE ADDRESS LISTED ON THE AGENDA? AND WE'RE GOING TO MOVE INTO OUR AGENDA PRETTY QUICKLY IN THIS FIRST PART IS PRETTY ENJOYABLE BECAUSE I THINK THAT WE HAVE BETWEEN SEVEN AND EIGHT NEW REGENTS THAT ARE UP FOR OFFICE THAT ARE GOING TO BE HERE TODAY.

AND THEY'RE GOING TO INTRODUCE THEMSELVES AND SPEND A COUPLE OF MINUTES WITH US.

AND I'M REALLY LOOKING FORWARD TO THAT.

SO WITH WITH THAT, EFFIE, CAN YOU KIND OF KEEP THEM ON TRACK WITH THE TWO MINUTES THAT THEY HAVE? AND, YOU KNOW, EVERY CANDIDATE, TWO MINUTES DOESN'T SOUND LIKE LIKE A LARGE AMOUNT OF TIME, BUT EVERY GOOD CANDIDATE NEEDS TO HAVE A TWO MINUTE STUMP SPEECH.

AT LEAST THAT'S WHAT I'VE HEARD.

SO WITH THAT, WE'RE GOING TO GET STARTED AND I'M JUST GOING TO GO DOWN THE LIST AS I HAVE IT RIGHT NOW. AND WE'RE GOING TO START WITH.

WITH WITH DISTRICT SEVEN AND WITH NORBERT CHAVEZ.

NORBERT ARE YOU THERE. YES.

OH, YEAH. THERE YOU ARE.

THANK YOU FOR BEING HERE, NORBERT.

THANK YOU. I WON'T TAKE TWO MINUTES, I JUST I JUST WANT TO SAY THANK YOU TO TO YOU, MR. CHAIRMAN, FOR ALLOWING ME TO SPEAK IN THE MEETING.

I WANT TO THANK IRENE GRIEGO FOR HER SERVICE FROM COUNCIL MEMBER CONGRESSIONAL DISTRICT SEVEN. AND I LOOK FORWARD TO THE OPPORTUNITY IF EVERYTHING GOES GOES WELL IN NOVEMBER TO SERVE ON THE BOARD.

I'LL TELL YOU JUST VERY BRIEFLY, I, ALONG WITH YOU, PROBABLY KNOW THAT I WORK AT CU DENVER. BUT WHAT YOU PROBABLY DON'T KNOW IS I'M ALSO AN ALUMNUS.

I'M A STUDENT.

I TAUGHT IN THE SCHOOL PUBLIC AFFAIRS, POLITICAL ADVOCACY.

I'M A PARENT OF A SOPHOMORE.

CU DENVER STUDENT.

AND I'M A DONOR.

SO I FEEL CONNECTED TO CU IN ALMOST EVERY WAY POSSIBLE.

AND I LOOK FORWARD TO BRINGING MY EXPERIENCE TO THE BOARD.

SO THANK YOU, MR. CHAIRMAN.

AND I'LL LET YOU MOVE ON TO THE OTHER CANDIDATES.

THANK YOU, MR. CHAVEZ, AND GOOD LUCK TO YOU THIS FALL.

DAVID GROSS.

DISTRICT TWO. ALL RIGHT.

THANKS. SO HI.

I'M DAVE GROSS. AND I'M RUNNING FOR REGENT BECAUSE AS A PROGRESSIVE, I KNOW WE NEED TO MAKE CU MORE AFFORDABLE AND ACCESSIBLE FOR EVERYONE.

AND THE ONLY WAY WE CAN DO THAT IS IF WE MAKE GOOD PEDAGOGICAL AND FINANCIAL DECISIONS.

I JUST FINISHED MY 25TH AND ABSOLUTELY STRANGEST YEAR AT CU.

I'M ALSO AN ALUM. I EARNED MY PHD IN FINANCIAL ECONOMICS FROM CU BOULDER, WHERE I'M CURRENTLY THE ASSOCIATE CHAIR OF THE FINANCE DEPARTMENT AND THE FACULTY DIRECTOR OF THE M.S. FINANCE PROGRAM.

AND I TEACH A FULL LOAD.

I JUST FINISHED REMOTE DELIVERY OF COURSES IN FINANCIAL RISK MANAGEMENT AND FIXED INCOME SECURITIES. I'VE SERVED AS CHAIR OF THE BOULDER FACULTY ASSEMBLY BUDGET PLANNING COMMITTEE AND ON MANY OTHER CURRICULUM, DIVERSITY, BUDGET AND LEADERSHIP COMMITTEES.

TWENTY FIVE YEARS. I'M COMMITTED TO CU, BUT I HAVE ALMOST.

[00:05:03]

BUT I ALSO HAVE ALMOST 15 YEARS OF EXPERIENCE WORKING IN PUBLIC FINANCE.

I SERVED AS TREASURER OF THE BOULDER VALLEY WOMEN'S HEALTH CENTER AND TREASURER AND PRESIDENT OF THE DAIRY ARTS CENTER.

I'M AN EXPERT IN FINANCE.

IN FACT, THAT'S MY TITLE. I VOLUNTEER AS THE OUTSIDE EXPERT ON THE CITY OF BOULDER'S AUDIT COMMITTEE. I'VE SPENT YEARS MAKING DIFFICULT, REAL WORLD FINANCIAL DECISIONS.

SO RIGHT NOW, ACROSS THE CU SYSTEM, WE'RE IN THE PROCESS OF SETTING TEACHING PLANS FOR THE NEXT SCHOOL YEAR IN PERSON, REMOTE, HYBRID.

AND I'M EXTREMELY PLEASED THAT THE FOCUS FOR STUDENTS HAS BEEN EDUCATION TESTING, SOCIAL DISTANCING, SHARED RESPONSIBILITY, COMMUNICATING TO STUDENTS THAT WE'RE ALL EQUAL PARTNERS IN THIS BECAUSE WITHOUT TOTAL BUY IN FROM ALL THIS MIGHT FAIL.

SO WE ALL UNDERSTAND THE IMPORTANCE OF ENROLLMENT TO THE FINANCIAL MODEL.

BUT IF WE CAN'T CREATE SAFE, COMPELLING, EFFECTIVE RICH PEDAGOGICALLY SOUND ACADEMIC PROGRAMS, WHAT CONCERNS ME MORE THAN THE HIT TO THE FINANCES IS THE OPPORTUNITY LOST TO OUR STUDENTS. SO IF WE DO EXPERIENCE A LARGE DROP IN ENROLLMENT, WE MUST GET BACK TO WHAT WE DO AS AN INSTITUTION AS FAST AS POSSIBLE, BECAUSE WHAT WE DO IS SO IMPORTANT, WE MAKE LIVES BETTER. WE'RE THE ECONOMIC DRIVER FOR THE STATE OF COLORADO.

AT CU, WE MAKE EDUCATED BETTER CITIZENS.

SO I'M RUNNING TO HELP ENSURE A SEARED SOLUTION TO THIS CURRENT SITUATION THAT STUDENTS, STAFF, FACULTY AND ESPECIALLY CUS MOST VULNERABLE ARE PROTECTED IN THIS CURRENT CRISIS BECAUSE THE CHOICES WE MAKE ARE GOING TO HAVE REPERCUSSIONS FOR SO MANY PEOPLE FOR DECADES TO FOLLOW.

SO I THANK YOU VERY MUCH FOR THE OPPORTUNITY TO SPEAK THIS MORNING.

MR. GROSS, THANK YOU FOR BEING A CANDIDATE AND FOR YOUR TIME THIS MORNING.

WE APPRECIATE IT VERY MUCH.

NEXT PERSON ON THE LIST IS AARON HARBOR DISTRICT TWO.

THANK YOU, MR. CHAIRMAN.

I JUST WANT TO SAY THAT YOU ALL KNOW THE UNIVERSITY IS AT A HISTORIC POINT AND YOU HAVE AN OPPORTUNITY TO TAKE ADVANTAGE OF THIS NEW PARADIGM FOR THE UNIVERSITY, THAT YOU'RE ACTUALLY PROBABLY MAKING SOME OF THE MOST IMPORTANT DECISIONS IN THE HISTORY OF THE UNIVERSITY. AND I WANT TO THANK YOU FOR YOUR COMMITMENT TO CU.

THE REGENTS, THE ADMINISTRATION, FACULTY, STAFF AND STUDENTS AS WELL.

I'M CONFIDENT THAT YOU'LL BE ABLE TO WORK TOGETHER IN THESE NEXT FEW MONTHS TO MAKE SOME REALLY TOUGH DECISIONS AND JUST WANT, YOU KNOW, ALL OF US IN THE PUBLIC APPRECIATE WHAT YOU'RE DOING AND HOW DIFFICULT A LOT OF THESE DECISIONS ARE.

AND I'M HOPING THESE DECISIONS, MOST OF THEM, IF NOT ALL THEM, WILL BE UNANIMOUS.

BUT I KNOW THEY'RE DIFFICULT AND I KNOW THAT YOU'RE GOING TO HAVE TO ASK MORE OF EVERYONE. AND THAT'S TOUGH, TOO.

HOPEFULLY I CAN JOIN YOU AT SOME POINT IF I'M FORTUNATE ENOUGH TO FIGHT FOR MORE FUNDING, ESPECIALLY TO HELP AS THE FEDERAL LEVEL WHERE THE UNIVERSITY REALLY NEEDS SOME SUPPORT.

AND IF I'M FORTUNATE ENOUGH TO WIN I I CERTAINLY WANT TO SHARE MY EXPERIENCES AND ABILITIES IN THE MEDIA THAT MANY OF YOU ARE FAMILIAR WITH.

MY WORK CHAIRING ORGANIZATIONS, INCLUDING THE REGULATORY BOARD IN THE ATTORNEY GENERAL'S OFFICE. MY SUCCESS IN HIGH TECHNOLOGY AND UNDERSTANDING OF ARTIFICIAL INTELLIGENCE.

MY SERVICE ON A PRIOR GOVERNING BOARD WHEN I WAS ON THE GOVERNING BOARD OF TRUSTEES OF PRINCETON UNIVERSITY, I HELPED TO BRING THAT EXPERIENCE TO THE BOARD AS WELL AND MY FUNDRAISING EFFORTS, INCLUDING THE FUNDRAISING I'VE DONE GOING BACK TO NINETEEN EIGHTY SIX FOR THE UNIVERSITY OF COLORADO.

BUT MOST OF ALL, I JUST WANT TO EMPHASIZE, IF I AM FORTUNATE ENOUGH TO WIN, I LOOK FORWARD TO WORKING WITH ALL OF YOU KNOW HOW COMMITTED YOU ARE.

I KNOW HOW MUCH YOU CARE ABOUT THE UNIVERSITY AND I HOPE I'M LUCKY ENOUGH AND FORTUNATE ENOUGH TO BE ABLE TO JOIN YOU.

AND WHAT I KNOW IS GONNA BE SOME REALLY TOUGH YEARS AHEAD.

BUT I'M CONFIDENT THAT YOU AS A BOARD, AND THAT'S THE ENTIRE UNIVERSITY, ITS ADMINISTRATION AND STAFF WILL DO VERY, VERY WELL.

THANKS FOR THE OPPORTUNITY TO SPEAK.

MR. CHAIRMAN, I LOOK FORWARD TO TALKING TO MORE OF THE REGENTS OVER THE COMING MONTHS.

THANK YOU, MR. HARBOR. AND THANK YOU FOR BEING A CANDIDATE AS WELL.

AND GOOD LUCK TO YOU.

THESE CANDIDATES ARE DOING WELL HERE, RIGHT AT TWO MINUTES.

THAT'S REALLY GOOD. ALL THREE OF THEM EXCEPT FOR NORBERT.

OUR NEXT CANDIDATE WOULD BE MR. MURPHY. MR. MURPHY. WE'LL MOVE, WE'LL MOVE ON, AND WE'RE GOING TO DISTRICT SIX AT THIS POINT.

GLENN, THERE IS NO MURPHY.

IT'S MURRAY. WE DON'T HAVE A DICK MURPHY.

WE DO HAVE A RICHARD MURRAY.

WELL, DICK MURPHY WASN'T ABLE TO JOIN US TODAY.

YES. GLENN, I THINK SHE'S POINTING OUT THAT CALLIE RENNISON IS ALSO A CANDIDATE IN CD TWO.

[00:10:04]

IT MIGHT BE GOOD TO GO TO HER SINCE WE HEARD FROM THE OTHERS.

OK. EVERYONE LISTED ALPHABETICALLY.

WELL. WELL, I DON'T.

THERE IS A DICK MURPHY FROM DISTRICT TWO.

THE NEXT PERSON THAT I HAVE LISTED WOULD BE CALLIE RENNISON.

SO THANK YOU, JACK AND LINDA, FOR POINTING THAT OUT.

AND. WE'RE GOING TO MOVE TO CALLIE RENNISON, DISTRICT TWO.

MORNING. THANK YOU, CALLIE RENNISON.

AND I'M RUNNING FOR REGENT IN CD 2.

I'M A FULL TIME PROFESSOR IN THE SCHOOL OF PUBLIC AFFAIRS ON THE DENVER CAMPUS, WHERE MY RESEARCH FOCUSES ON VICTIMS OF VIOLENCE, INCLUDING VIOLENCE EXPERIENCE, VIOLENCE AGAINST COLLEGE STUDENTS.

I'VE ALSO SERVED IN MULTIPLE LEADERSHIP ROLES ACROSS CAMPUSES, INCLUDING MOST RECENTLY AS THE DIRECTOR OF EQUITY AND THE TITLE NINE CO-ORDINATOR OF BOTH ANSCHUTZ IN DOWNTOWN.

MY PERSONAL AND PROFESSIONAL EXPERIENCES PROVIDED GREAT UNDERSTANDING OF THE CU SYSTEM, AND THIS WILL SERVE ME WELL AS A REGENT.

PRIOR TO THE SHUTDOWN, I SPENT A LOT OF TIME MEETING WITH ALMOST ALL THE CHANCELLORS, SYSTEM LEADERS, FACULTY AND STAFF ACROSS CAMPUSES TO LEARN ABOUT CHALLENGES EACH ONE FACES. THEMES THAT EMERGED INCLUDE THE NEED TO UNDERSTAND THE DIFFERENCES BETWEEN CAMPUSES, THE STUDENTS THEY EDUCATE AND THE CHALLENGES EACH CAMPUS FACING THE NEED FOR TEAMWORK TO SOLVE PROBLEMS. I AM A TEAM PLAYER AND I UNDERSTAND THAT NO ONE CAN SOLVE ALL THE PROBLEMS. I'VE ALSO TRAVELED EXTENSIVELY THROUGH THE 10 COUNTIES WITHIN CONGRESSIONAL DISTRICT TWO TO LEARN WHAT OUR CONSTITUENTS BELIEVE THE ISSUES ARE.

THESE INCLUDE WORRIES ABOUT THE COST OF ATTENDING.

C.U. FAMILIES WANT TO SEND THEIR CHILDREN TO CU BUT FEAR IT'S NO LONGER POSSIBLE.

AND WORRIES ABOUT SEXUAL MISCONDUCT, DISCRIMINATION AND BULLYING THAT OUR STUDENTS, STAFF AND FACULTY EXPERIENCE.

THE LATINO COMMUNITY IN PARTICULAR, HAS EXPRESSED FEELING NEGLECTED, NOT AND NOT WELCOME ON SOME OF OUR CAMPUSES AND CONCERNED ABOUT A LACK OF ABILITY AND ACTIONS TAKEN BY CU LEADERS THAT MAKE THE PUBLIC FEEL LIKE THEY'RE OUT OF TOUCH WITH THEIR CONSTITUENTS.

I BELIEVE WE CAN SOLVE ALL OF THESE PROBLEMS, AND I KNOW THAT A GOOD TEAM CAN DO GREAT THINGS. I HOPE TO JOIN OUR TEAM AS REGENT TO HELP CU EVEN GREATER.

THANKS. THANK YOU FOR YOUR TIME AND GOOD LUCK TO YOU THIS FALL.

NOW, WE'RE MOVING TO DISTRICT 6 AND OUR ALPHABETICALLY, OUR FIRST PERSON ON THE LIST IS RICHARD MURRAY. WELCOME, RICHARD.

WELL, HELLO. WHAT ARE THE ODDS OF HAVING A RICHARD MURRAY DICK MURPHY RUNNING FOR REGENT IN THE SAME CYCLE? HI, EVERYONE. MY NAME IS RICHARD MURRAY.

I'M A REPUBLICAN SEEKING THE NOMINATION NEXT MONTH IN OUR JUNE PRIMARY REGENT IN CD SIX.

I AM A TWO TIME ALUM OF THE UNIVERSITY OF COLORADO BOULDER.

DID MY UNDERGRAD DEGREE POLITICAL SCIENCE, A PHILOSOPHY MAJOR, AND WENT ON AND GRADUATED THE LAW SCHOOL THERE. I'M A FORMER TRI EXECUTIVE OR FORMER STUDENT STUDENT BODY PRESIDENT AT THE BOULDER CAMPUS AND I CURRENTLY SERVE AS CHAIR OF THE CU LAW ALUMNI BOARD.

MOST OF YOU HEARD ME SPEAK BEFORE, SO I JUST WANT TO TAKE A MOMENT TO THANK PRESIDENT KENNEDY, THE REGENTS, THE CHAIR, OUR FACULTY, OUR STAFF, CHANCELLORS, VICE CHANCELLORS, PROVOSTS, DEANS FOR THE REMARKABLE WORK YOU'VE DONE TO TAKE A FOUR CAMPUS SYSTEM IN AN EXTREMELY DIFFICULT TIME AND TURN IT INTO A REMOTE LEARNING EXPERIENCE FOR THE BENEFIT OF OUR STUDENTS. I HAD THE HONOR TO BE ONE OF THE FEW SPEAKERS AT THE LAW SCHOOL'S GRADUATION COMMENCEMENT ABOUT A WEEK AND A HALF AGO, AND THE CLASS OF 2020 AND ALL OF OUR STUDENTS HAVE BEEN RESILIENT AND DONE A TREMENDOUS JOB TO BE ABLE TO GET ACROSS THE FINISH LINE IN THEIR SPRING SEMESTER.

AND ESPECIALLY IN THE GRADUATING CLASS GETTING THEIR DEGREES.

AND SO I COMMEND ALL OF THEM AND CONGRATULATE THEM AS WELL.

FOR THOSE ON THE LIVESTREAM, IF YOU WANT TO LEARN MORE ABOUT ME.

MY WEB SITE IS MURRAYFORTHEREGENT.COM.

I LOOK FORWARD TO MEETING WITH ALL OF YOU OVER THE ENSUING MONTHS.

THANK YOU SO MUCH. THANK YOU, MR. MURRAY, AND GOOD LUCK TO YOU THIS FALL.

PRISCILLA RAHN, DISTRICT SIX.

THANK YOU CHAIRMAN GALLEGOS.

HI, I'M PRISCILLA RAHN.

I'M A 26 YEAR VETERAN MASTER TEACHER.

I TEACH IN DENVER PUBLIC SCHOOLS.

I'M A FORMER PRINCIPAL AND I'VE WORKED IN HIGHER EDUCATION AT CU IN THEIR SCHOOL OF EDUCATION. I'M RUNNING FOR CU REGENT IN CD SIX.

CU AS A PUBLIC UNIVERSITY SYSTEM THAT BELONGS TO THE PEOPLE OF COLORADO.

AND WHO ARE THESE PEOPLE? WELL, IT DEPENDS ON WHERE YOU GO IN ADAMS, ARAPAHOE AND DOUGLAS COUNTY.

THERE ARE THREE THINGS THAT ARE REALLY IMPORTANT TO THE PEOPLE OF MY COMMUNITY.

ONE OF WHICH, IF YOU THINK ABOUT EDU WE KNOW THIS IN EDUCATION.

E CAN STAND FOR EDUCATION EXCELLENCE.

D STANDS FOR DIVERSITY AND ACCESS AND U STANDS FOR UTILIZATION.

BY THE WAY, I WANT TO WELCOME YOU TO MY CLASSROOM TODAY.

[00:15:01]

I'M TAKING A FEW MINUTES OUT OF CLEANING UP AND SANITIZING MY ROOM, GETTING READY FOR THE FALL FOR MY STUDENTS TO COME BACK.

BUT I HAVE BEEN A SUPPLIER OF THOUSANDS OF STUDENTS TO THE CU SYSTEM OVER THE PAST TWENTY SIX YEARS. A LITTLE BIT ABOUT MYSELF.

MY I HAVE MY MASTER'S DEGREE IN EDUCATION ADMINISTRATION.

I'M A SMALL BUSINESS OWNER.

MY DAD IS A VIETNAM WAR VETERAN WHO SPENT TWENTY NINE YEARS SERVING OUR GREAT COUNTRY.

MY MOM IS AN IMMIGRANT FROM SEOUL, KOREA.

MY HUSBAND IS AN IMMIGRANT FROM CANADA.

WE HAVE A SON THAT'S 14 FINISHING UP EIGHTH GRADE, AND WE'RE REALLY INVESTED IN HIS HIGH SCHOOL EXPERIENCE AND EVENTUALLY HIS COLLEGE EXPERIENCE.

I THINK IT'S IMPORTANT THAT WE HAVE A REGENT WHO'S AN EDUCATOR BECAUSE WE ARE TALKING ABOUT AN EDUCATION BOARD.

I DO COME WITH A LOT OF EXPERIENCE IN THE COMMUNITY WORKING IN THE ASIAN COMMUNITY AS THE CHAIRPERSON FOR THE DENVER PUBLIC SCHOOLS.

ASIAN EDUCATION ADVISORY COUNCIL.

I'M ALSO WORKING ON THE 2020 CENSUS AS AN AMBASSADOR FOR DPS.

AND I'VE ALSO FINISHED UP A YEAR WORKING ON THE REIMAGINE THE SPF COMMITTEE WHERE WE ARE LOOKING AT HOW WE RATE SCHOOLS AND INSTITUTIONS.

THAT IS MY TIME. I WANT TO THANK YOU FOR SAYING HELLO TO YOU AND MY WEBSITE IS IN THE CHAT. THANK YOU, PRISCILLA, FOR YOUR TIME AND GOOD LUCK TO YOU THIS FALL.

LAST BUT NOT LEAST, IN DISTRICT SIX.

ILANA SPIEGEL. GOOD MORNING CHAIR GALLEGOS AND MEMBERS OF THE BOARD, FACULTY AND STAFF.

THANK YOU SO MUCH FOR YOUR SERVICE DURING THESE CHALLENGING TIMES.

AS CHAIR DAY, AS I SAID, MY NAME IS ILANA SPIEGEL AND I'M A CANDIDATE FOR THE BOARD OF REGENTS FROM THE 6TH CONGRESSIONAL DISTRICT.

AS A MOTHER OF FOUR, ONE CURRENTLY AT CU AND SEVERAL PROSPECTS BOTH FOR UNDERGRAD AND GRAD SCHOOL LOOKING SERIOUSLY THERE.

AND AS AN EDUCATOR, I WILL CONTINUE TO WORK EVERY DAY TO PUT STUDENTS AND FAMILIES FIRST . AS AN EXPERT ON EDUCATION BUDGETS.

I'VE WORKED FOR MANY YEARS WITH LEADERS FROM ACROSS COLORADO AND ON THE JOINT BUDGET COMMITTEE TO FUND EDUCATION COVID 19.

AS YOU ALL KNOW, IS FORCING MASSIVE BUDGET CUTS.

THE FEDERAL CARES ACT DOES NOT COME CLOSE TO CLOSING THE GAP BETWEEN COSTS ASSOCIATED WITH THE CORONAVIRUS AND LOSSES AND REVENUE.

THE FEDERAL GOVERNMENT MUST PRIORITIZE SUPPORTING OUR UNIVERSITY AND MAKING COLLEGE ATTAINABLE FOR STUDENTS AND FAMILIES IN THE MIDST OF THIS PANDEMIC, NOT GIVING HUGE TAX BREAKS TO CORPORATIONS.

MANY MEMBERS OF THIS BOARD ARE TAKING BOLD ACTION TO PRESSURE THE FEDERAL GOVERNMENT TO DO JUST THAT. I THANK YOU ALL FOR YOUR WORK AND FIGHTING FOR OUR STUDENTS.

AND THANK YOU AGAIN FOR YOUR TIME.

THANK YOU, MS. SPIEGEL.

AND AND GOOD LUCK TO YOU THIS FALL.

OUR LAST CANDIDATE IS ROBERT WORTHY FROM DISTRICT SIX.

I DON'T KNOW IF HE'S WITH US TODAY.

HE'S NOT HERE TODAY. OK.

THANK YOU AGAIN.

THANK YOU TO THOSE OF YOU THAT WERE HERE AS CANDIDATES AND FOR YOUR TIME IN SPEAKING.

IT'S NICE TO GET TO KNOW YOU, ESPECIALLY NOW THAT WE YOU HAVE THE TASK OF CAMPAIGNING REMOTELY. I HAVE NO IDEA HOW YOU'RE DOING THAT.

BUT GOOD LUCK WITH THAT.

YOU KNOW, THAT IS THE OTHER THING IS THAT AS THREE OF YOU WHO WIN THE ELECTION WILL ALSO BE WORKING IN TOUGH TIMES AS REGENTS WHO ARE TRYING TO MANEUVER ALONG WITH THE REST OF THIS BOARD THROUGH COVID 19.

AND BELIEVE ME, IT'S VERY CHALLENGING AS SUCH.

SO WITH THAT, I WOULD GIVE REGENTS A CHANCE TO MAKE A COMMENT OR TO THINK PEOPLE IF THEY WOULD LIKE TO. ANYONE? I WOULD I WOULD JUST LIKE TO THANK ALL THE CANDIDATES, WANT TO WISH YOU THE BEST OF LUCK AND REALLY APPRECIATE YOU COMING TODAY.

IT'S REALLY NICE FOR US TO SEE WHO IS POSSIBLY GOING TO BE THE NEXT LEADERSHIP AND TAKE OVER THE PLACES, THE THREE OF US.

THANK YOU SO MUCH. I ECHO THAT.

THANK YOU. ALL OF OUR CANDIDATES.

IT'S A LOT OF WORK TO PUT FORWARD OF THE EFFORT TO BECOME A REGENT.

I THINK I'VE ALWAYS SAID WHO WE ARE. BUT WE, THE BOARD OF REGENTS, REALLY HAS A SIGNIFICANT IMPACT IN THE STATE OF COLORADO. SO IT I KNOW IT COMES WITH THE PASSION AND CARE THAT YOU'RE ALL RUNNING.

SO THANK THANKS FOR THAT COMMITMENT.

THANK YOU, SUE. CHANCE, YOU HAD SOME TO SAY.

[00:20:03]

OH, I ECHO THAT SENTIMENT.

THANKS. OK.

LAST CALL FOR REGENTS OR ANYONE ELSE THAT WOULD LIKE TO WEIGH IN HERE.

JUST QUICKLY SAY, YOU KNOW.

YEAH. THANK YOU TO ALL THE CANDIDATES OUT THERE.

IT'S CLEAR THAT YOU HAVE GOTTEN USED TO BEING A REGENT CANDIDATE BECAUSE YOU'VE GOT YOUR TWO MINUTE SPEECHES DOWN.

YOU KNOW, AS REGENT CANDIDATES, YOU GOT TO SPEAK QUICKLY.

YOU GOT TO SPEAK CLEARLY AND YOU USUALLY SPEAK AT THE END.

SO WE DID YOU A FAVOR TODAY BECAUSE WE LET YOU SPEAK RIGHT AT THE BEGINNING.

SO THANKS TO THE CHAIR FOR THAT.

AND BEST OF LUCK TO ALL OF YOU.

EVERYONE ELSE I REALLY THOUGHT AT REGENTS WHO HAD BEEN THROUGH THIS WOULD PASS ON A STORY OF WHEN THEY WERE CAMPAIGNING.

AND, YOU KNOW, I THINK YOU TOUCHED ON IT, THAT SOMETIMES PEOPLE DON'T REALLY KNOW WHAT WE DO. AND WHEN WHEN WE WOULD GO WHEN I WOULD TRAVEL HUNDREDS OF MILES TO A PLACE, AN OPPORTUNITY WHERE THERE WERE CANDIDATES AND STUFF LIKE THAT.

I USED TO HAVE TO COMPETE WITH THE COUNTY CORONER, WHO IS AN ELECTED OFFICE AS WELL.

AND SOMETIMES THEY GOT MORE TIME THAN I DID ON THE DOCKET.

SO, AGAIN, IT'S ONE OF THE MOST IMPORTANT JOBS THAT'S DONE IN THE STATE.

AND YET A LOT OF PEOPLE DON'T REALLY KNOW WHAT WE DO.

SO WITH THAT, THANK YOU FOR YOUR TIME.

AND WE'LL SEE YOU AGAIN, I HOPE.

BUT BEFORE THE ELECTION.

NEXT ORDER OF BUSINESS IS THE APPROVAL OF THE AGENDA FOR THE MAY 19 BOARD MEETING, THAT'S TODAY. IS THERE A MOTION TO APPROVE TODAY'S AGENDA? SO MOVED.

MOVED BY REGENT.

SECOND BY REGENT SMITH.

ANY DISCUSSION? ALL IN FAVOR OF APPROVING THE BOARD OF REGENTS AGENDA FOR MAY 19TH PLEASE SAY AYE.

AYE. THE MOTION PASSES, THE NEXT ORDER OF BUSINESS IS THE CHAIRS REPORT, AND IT WILL BE PRETTY SHORT AND ABBREVIATED.

FIRST OF ALL, AS USUAL, I WANT TO THANK REGENTS FOR THEIR TIME AND SERVICE TO THE UNIVERSITY WITH THE LAST WEEK AND SOME OF THE INTERVIEWS AND THEN AGAIN WITH THIS MEETING AND SOME OF THE THINGS THAT HAVE BEEN GOING ON.

I'LL BET REGENTS THIS WEEK HAVE 25 TO 30 OR MAYBE MORE HOURS IN ALREADY.

SO THANK YOU FOR YOUR FOR YOUR TIME.

I'D ALSO LIKE TO APPLAUD PRESIDENT KENNEDY AND HIS LEADERSHIP TEAM FOR THEIR WORK WITH THE COVID 19, NOT ONLY BUDGET WISE AND.

WE HAVE TODD AND TANYA DOWN AT THE STATE CAPITAL TODAY WATCHING WHAT'S GOING TO HAPPEN WITH THE STATE AND CUTS LIKE THAT.

YESTERDAY, WE GOT SOME GOOD NEWS WITH WITH FEDERAL DOLLARS.

BUT THE MOST IMPORTANT THING THAT OUR LEADERSHIP TEAM IS DOING, AND IT'S HARD WORK, IS PLANNING TO SEE A FALL 20, 19 OR 20, 20 IS IS A POSSIBILITY OR NOT.

SO WE HEARD SOME OF THE REPORTS AND I THINK YOU'LL HEAR SOME OF WHAT THEY HAVE TO SAID.

WHAT THEY HAVE TO SAY LATER IN THIS MEETING TODAY.

BUT IT'S JUST AMAZING HOW HARD OF WORK THIS IS AND HOW TIME CONSUMING IT IS.

AND AGAIN, PRESIDENT KENNEDY, THANK YOU FOR ALL OF YOUR HELP WITH THAT.

THE RECENT VIRAL VIDEO GRADUATIONS THAT WERE DONE, THREE OF THEM THIS LAST WEEKEND AND ONE THIS FRIDAY.

AND I HAVE TO TELL YOU THAT WATCHING MOST OF THOSE AND I WOULD ADMIT TO YOU THAT I DIDN'T WATCH EVERY ONE OF THEM.

BUT WE DO A GOOD JOB AND CHANCELLORS AND STAFFS ON YOUR CAMPUSES.

YOU DID A GREAT JOB WITH THAT.

AND IT'S NOT WHAT WE WOULD WANT TO BE DOING, BUT IT'S WHAT WE DID.

AND IT WAS WELL DONE.

I HOPE THAT YOU'LL TUNE IN AND WATCH ANSCHUTZ GRADUATION.

I THINK IT'S THIS FRIDAY.

AND, YOU KNOW, THE OTHER THING IS THAT THANKS TO OUR CHANCELLORS FOR HONORING REGENT CARSON REGENT GANAHL AND REGENT SHOEMAKER FOR YOUR GRADUATIONS, FOR THEIR TIME OF SERVICE ON THIS BOARD AS WELL. THAT WAS REALLY SPECIAL.

I THINK THAT WAS GRIEGO.

GRIEGO. I'M SORRY. BOY, I TELL YOU.

AND THEN THE OTHER THING IS WE HAD REGENT KROLL, WHO GRADUATED WITH HIS MASTER'S DEGREE ON ON ON SATURDAY.

AND CONGRATULATIONS TO YOU, JACK.

AND WITH THAT VERY ABBREVIATED CHAIR'S REPORT, WE'LL TURN IT OVER TO PRESIDENT KENNEDY.

THANK YOU, CHAIRMAN COVID 19.

CLEARLY IS AN UNPRECEDENTED EVENT IN OUR LIFETIMES AND IN THE LIFE OF THE UNIVERSITY,

[00:25:05]

OTHER THAN ITS EARLY STRUGGLES TO SURVIVE ITS FOUNDING, CU HAS NEVER FACED A CRISIS THIS DEEP. I THINK YOU, THE REGENTS, THE UNIVERSITY'S LEADERSHIP TEAM, THE CHANCELLORS AND THEIR TEAMS, WE'RE NOT ONLY ADDRESSING THE DIFFICULT ISSUES IN FRONT OF US WITH A FOCUS ON FAIRNESS AND EQUITY, BUT ALSO KEEPING AN EYE ON THE FAR HORIZON.

I HAVE THE DEEPEST APPRECIATION FOR OUR HEALTH CARE PROFESSIONALS WHO PROVIDE THE BEST CARE IN THE REGENT AND HAVE BEEN TREATING AN OVERSIZE SHARE OF THOSE AFFLICTED WITH THE CORONAVIRUS, WHO ARE INVENTING NEW, MORE ACCURATE TESTS WITH THE VIRUS AND ADVANCING THERAPEUTICS. I APPLAUD THE EXTRA EFFORT AND INNOVATION OF FACULTY AND STAFF ARE DEMONSTRATING AND CONTINUING TO ADVANCE OUR STUDENTS EDUCATION DURING THESE CHALLENGING TIMES AND TO CONTINUE OUR RESEARCH MISSION.

I'M APPRECIATIVE THAT ALL HIGHER EDUCATION IN COLORADO HAS SPOKEN WITH ONE VOICE THROUGHOUT THIS PANDEMIC.

COLORADO'S FEDERAL DELEGATION HAS BEEN ATTENTIVE AND ACTIVE ADVOCATES FOR SUSTAINING HIGHER EDUCATION IN COLORADO, FOR SUPPORTING THE IMPORTANCE OF RESEARCH, FOR JOINING US IN ADVOCATING TO KEEP SPACEPORTS IN COLORADO.

I THINK GOVERNOR POLIS, FOR HIS RECENT ALLOCATION OF CARES FUNDING INTO THE JOINT BUDGET COMMITTEE AND THE LEGISLATORS THAT ARE MEETING NOW AND PAY KEEN ATTENTION TO THE NEEDS OF HIGHER EDUCATION.

WE HAVE DIFFICULT FISCAL ADJUSTMENTS IN THE DAYS AND WEEKS AHEAD.

WITH ACKNOWLEDGMENT OF THE RISK OF COVID 19 AND WITH PROTECTING OUR COMMUNITY'S HEALTH AND SAFETY TOP OF MIND.

EFFORTS ARE UNDER WAY AT EACH CAMPUS FOR PLANNING AND HOW WE CAN FULFILL OUR CHARGE TO SERVE OUR STUDENTS AND ENSURE OUR PUBLIC MISSION BY CREATING SAFE, INNOVATIVE, IN-PERSON COVID READY CAMPUS EXPERIENCES IN FALL 2020 AND BEYOND.

THE UNITY SHOWED ACROSS HIGHER EDUCATION AMONG OUR FEDERAL DELEGATION WITH GOVERNOR POLIS IN THE LEGISLATURE, ACROSS THE CAMPUSES AND AMONG THE REGENTS WILL BE VITAL TO OUR SUCCESS, SIMPLY NAVIGATING THESE CHALLENGING TIMES AND EMERGING AS A VITAL ASSET TO OUR STUDENTS STATE AND NATION.

THANKS AGAIN TO THE REGENTS.

LOOK FORWARD THE REST OF THE MEETING.

THANK YOU, PRESIDENT KENNEDY.

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

[C. 10:50 a.m. CONSENT AGENDA]

THE UPDATED CONSENT AGENDA ITEMS ARE LISTED ON BOARD DOCS.

IS THERE A MOTION TO APPROVE THE CONSENT AGENDA? SO MOVED. SO MOVED BY REGENT GANAHL.

SECOND. SECONDED BY REGENT SMITH.

ALL IN FAVOR OF APPROVAL OF THE CONSENT AGENDA, SAY AYE.

AYE.

IF YOU IF YOU'RE NOT GOING TO APPROVE THE AGENDA, SAY NAY.

THAT IS APPROVED.

AND WE ARE TO GOVERNANCE COMMITTEE DISCUSSION AND ACTION ITEMS.

[D. 10:55 a.m. GOVERNANCE COMMITTEE DISCUSSION AND ACTION ITEMS]

AND DAN AND SUE, DO YOU HAVE THINGS TO ADD TO THERE.

THE ONLY THING I WOULD ADD, GLENN, IS THAT THE GOVERNANCE COMMITTEE HAS NOT MET SINCE OUR LAST BOARD OF REGENTS MEETING, SO THERE'S NOTHING NEW TO REPORT THERE.

BUT THE GOVERNANCE COMMITTEE WILL BE MEETING ON MAY 29.

AND IF IF I COULD ADD IN ONE THING, CHAIR GALLEGOS AND GOVERNANCE CHAIR SHARKEY, WE ARE PLACING A NOTICE OF MOTION ON THE BOARD'S AGENDA TODAY.

AND THIS HAS TO DO WITH AN AMENDMENT TO ONE OF THE REGENTS POLICIES WITH RESPECT TO LEAVE USAGE IN THE CARRY OVER OF LEAVE AND A TWEAK, A TEMPORARY TWEAK TO THAT POLICY TO ACCOMMODATE THE CURRENT COVID CRISIS.

AS SUE SHARKEY JUST MENTIONED, THE GOVERNANCE COMMITTEE HAS NOT HAD AN OPPORTUNITY TO MEET. BUT WE'LL BE MEETING IN APPROXIMATELY TWO WEEKS AND WE'LL CONSIDER THIS MATTER THERE. BUT BECAUSE THIS HAS A FISCAL YEAR IMPACT, WE WANTED TO PUT IT ON THE BOARD'S AGENDA NOW SO THAT THE NOTICE THAT THIS COULD BE VOTED ON IN JUNE PENDING APPROVAL OF THE GOVERNANCE COMMITTEE LATER THIS MONTH.

SO I JUST WANT TO MAKE THAT NOTE.

IT'S MORE OF A PROCEDURAL ISSUE.

ARE THERE QUESTIONS FOR MR. WILKERSON? SO WE'LL SEE THIS AGAIN AND IN JUNE THEN.

THAT'S CORRECT. OK, GREAT.

IS THERE. SORRY.

[00:30:02]

SORRY. IS THERE ANY COMMUNICATION GOING OUT TO CAMPUSES AND STAFF ABOUT THIS? BECAUSE, FOR EXAMPLE, I, I HAVE SOME STAFF THAT I'VE BEEN ENCOURAGING TO TAKE THEIR VACATION TIME AND THEY MIGHT CHOOSE TO DO SO DIFFERENTLY.

AND JUST LIKE WE MAYBE TELEGRAPHED SOME OF THE STUFF AROUND TUITION.

JUST CURIOUS IF WE'RE DOING THE SAME SO THAT WE DON'T HAVE TO FORCE PEOPLE TO DO SOMETHING. MAYBE THEY DIDN'T DIDN'T WANT TO GIVEN DIFFERENT CIRCUMSTANCES.

WELL, I SUPPOSE I HAVE A QUESTION FOR CHAIR GALLEGOS.

BECAUSE AS DAN MENTIONED, WE'RE GIVING NOTICE TODAY FOR A VOTE AT THE UPCOMING MEETING IN JUNE. THE GOVERNANCE COMMITTEE WILL BE MEETING ON MAY 29.

CHAIR GALLEGOS, WILL THERE BE A BOARD OF REGENTS MEETING BEFORE THE REGULARLY SCHEDULED MEETING THAT WE HAVE IN JUNE? AND IF SO, THEN MAYBE WE CAN VOTE.

I WOULD IMAGINE WE COULD THEN VOTE UPON THAT SOONER.

AND SHORTLY AFTER THE MAY 29TH GOVERNANCE COMMITTEE MEETING.

I THINK REGENT SHARKEY, THERE'S NOT ANYTHING PLANNED YET.

THAT DOES NOT MEAN THAT THERE WOULDN'T BE AN UPDATE OR A DIFFERENT MEETING PLAN.

BUT AS OF THIS POINT, I DON'T BELIEVE THAT THERE'S ANYTHING ON THE DOCKET.

IF IF A MEETING WAS PLANNED, WE COULD CERTAINLY DO WHAT YOU ASKED.

OK. YES.

GO AHEAD. OH, IT'S GOING TO SAY.

SO, JACK, ANSWER YOUR QUESTION, I GUESS, UNTIL WE HAVE A FORMAL VOTE ON THIS.

WE CAN'T SAY FOR CERTAIN WHAT THE OUTCOME WILL BE.

NO. BUT I WOULD LIKE TO GO BACK TO REGENT KROLL'S QUESTION AND REGENT KROLL.

MY UNDERSTANDING IS THIS IS THIS POTENTIAL CHANGE HAS BEEN SOMETHING THAT HAS BEEN DISCUSSED THROUGH THE CHIEF HUMAN RESOURCES OFFICERS ON EACH OF THE CAMPUSES ALONG WITH SYSTEM ADMINISTRATION.

I DON'T THINK THAT THE CHIEF HUMAN RESOURCES OFFICERS HAVE BEEN GIVING GUIDANCE IN TERMS OF WHAT EMPLOYEES SHOULD OR SHOULD NOT DO BECAUSE IT HAS NOT YET BEEN CONSIDERED BY THE BOARD. AND I DON'T THINK ANYONE WANT TO PRESUME THE OUTCOME.

OK, JACK, YOU HAVE YOUR ANSWER OR DO YOU WANT TO FOLLOW UP.

I MEAN, I JUST THINK IT'S I THINK IT'S TOUGH BECAUSE RIGHT, IF WE DON'T APPROVE THIS UNTIL MID JUNE, WELL, THEN THERE'S ONLY LIKE TWO WEEKS LEFT.

AND ONLY THOSE, YOU KNOW, IT JUST IT'S A NICE GESTURE AND I APPRECIATE WHY WE ARE DOING IT. I JUST THINK THE IMPACT OF IT WILL BE GREATER IF WE'RE GETTING THE WORD OUT.

AND MAYBE WE CAN GET A SENSE OF THE BOARD'S THOUGHTS ON THIS SO THAT WE CAN COMMUNICATE THAT SO THAT PEOPLE CAN KNOW.

MR. WILKERSON, IF IF BUT IF I DON'T KNOW HOW THE REST OF THE BOARD FEELS ABOUT IT.

IF PEOPLE WERE UNANIMOUSLY OK WITH IT.

COULD WE MOVE TO A VOTE TODAY ON THAT? AND I DON'T KNOW HOW THE REST OF THE BOARD FEELS ABOUT IT.

MAYBE THEY NEED MORE INFORMATION BACK.

WOULD THAT BE A POSSIBILITY? THAT WOULD BE A POSSIBILITY.

THE FIRST STEP. BUT THE BOARD WOULD WAIVE ITS NOTICE OF MOTION REQUIREMENT, WHICH IT CAN DO IT ON, ON AN AFFIRMATIVE VOTE.

AND WITH THAT IN PLACE, THE BOARD COULD VOTE ON IT.

IF YOU WOULD LIKE, I CAN BRIEFLY DISCUSS WHAT THE CHANGE IS INTENDED TO DO AND TO REGENT KROLL'S POINT, ALONG WITH MANY OF THE DECISIONS AND ACTIONS THAT THIS BOARD IS CONSIDERING UNDER OUR CURRENT CIRCUMSTANCES.

THIS IS A FAST MOVING TARGET, AND I CERTAINLY UNDERSTAND THE DESIRE TO HAVE MORE TIME TO CONSIDER THIS AND.

AND UNDERSTAND THE NEED TO HAVE SOMETHING IN PLACE.

SO IF YOU CHOOSE TO WAIVE NOTICE A MOTION THAT REQUIRES A TWO THIRDS MAJORITY OF THE BOARD AND THEN YOU COULD VOTE ON IT.

AND I'D BE HAPPY TO.

IF ANYBODY HAS QUESTIONS ABOUT THE POLICY CHANGE, ADDRESS THOSE.

I'D LIKE TO AND JUST AS CHAIR OF THE GOVERNANCE COMMITTEE SAY THAT I CERTAINLY FEEL THAT IN THIS SITUATION WE SHOULD HAVE THE FLEXIBILITY OF WAIVING OUR NORMAL PROCEDURES, OF BRINGING FORWARD TO A COMMITTEE AND ALLOWING US THE OPPORTUNITY TO TAKE A VOTE ON THIS TODAY. I THINK IT IS THE MORE CERTAINTY THAT WE CAN PROVIDE TO OUR UNIVERSITY EMPLOYEES DURING THIS TIME, THE BETTER FOR THEM.

THERE IS A LOT OF ANXIETY AND A LOT OF UNCERTAINTY RIGHT NOW, SAYS THE MORE DIRECT ANSWERS WE CAN GIVE. I CERTAINLY AM IN FAVOR OF THAT.

LET LET ME TAKE A COMMENT FROM CATHY NESBITT AND THEN WE'LL POLL THE BOARD TO SEE WHAT THE

[00:35:04]

BOARD WANTS TO DO.

THANK YOU, MR. CHAIRMAN. I WILL WITHDRAW MY QUESTION.

IT SEEMS AS THOUGH DAN HAS ALREADY SUGGESTED THAT IF THERE ARE QUESTIONS, I WILL ENTERTAIN SO NO NEED TO WASTE TIME UNLESS THERE ARE QUESTIONS.

THANK YOU. OK. I GUESS I WOULD ASK ANYONE ON THE BOARD WHO IS NOT READY TO TAKE THIS VOTE OR DOESN'T HAVE ENOUGH INFORMATION.

I DON'T WANT TO FEEL ANY THAT ANYONE IS PRESSURED TO DO IT.

BUT IF IT MAKES SENSE TO DO THEN THEN WE WOULD TAKE NOTICE OF THAT.

THEN WE WOULD TAKE A NOTICE OF MOTION AND MOVE FORWARD.

SO CAN I ASK I WOULD LIKE OR DAN OR CATHY TO READ WHAT THIS POLICY WOULD INVOLVE.

AND ONCE WE'VE DONE THAT, I WOULD LIKE TO MAKE A MOTION THAT THIS BOARD.

IN HOWEVER, DAN, MAYBE.

CAN YOU HELP ME FRAME THE PROPER LEGAL LANGUAGE HERE? BUT WHAT MY INTENT IS, IS I WOULD LIKE TO BRING FORWARD A MOTION FOR US TO GO AHEAD AND VOTE ON THIS. SO I'M GOING TO BACK IT UP.

I'M GOING TO BACK IT UP ONE STEP AND FIND OUT IF ANYONE ON THE BOARD HAS A PROTEST TO.

ALL RIGHT. THANK YOU.

WELL. I WANT TO HEAR MORE FROM DAN ABOUT THE WORDING, THE PROPOSAL.

SO I GUESS A SIMILAR QUESTION.

OK, GREAT. ANYONE ELSE? THIS IS LINDA.

MY UNDERSTANDING IS IT'S ABOUT THE TIMELINE OF ONE VOTE ON THE BUDGET.

I FAVOR THE CURRENT TIMELINE TO GIVE US ANOTHER MONTH BECAUSE WE DO HAVE A GREAT LACK OF CLARITY IN THE BUDGET AS CURRENTLY PRESENTED.

THE RANGES FOR EACH CAMPUS ARE VERY WIDE.

AND I WOULD HOPE IN A MONTH THAT THE CAMPUS WOULD HAVE NARROWED ITS OPTIONS AND WE'D BE IN A BETTER POSITION TO APPROVE THOSE BUDGETS.

SO SO REGENT SHOEMAKER THIS SPECIFIC MOVE, THIS SPECIFIC NOTICE OF MOTION IS SIMPLY A POLICY CHANGE TO ALLOW EMPLOYEES TO CARRY OVER MORE THAN 40 SOME DAYS OF VACATION TIME TO NEXT YEAR. BUT THEY WOULD HAVE TO GET UNDER THAT CAP BY THE END OF THE FOLLOWING FISCAL YEAR WHEN THE POLICY EXPIRES.

SO IT'S BASICALLY ALL WE WOULD BE DOING IS SENDING OUT NOTICE TO THE CAMPUS COMMUNITIES THAT IF THERE ARE EMPLOYEES OUT THERE THAT ARE WORRIED ABOUT LOSING THEIR VACATION TIME, BUT ARE MEETING TO STAY IN THE OFFICE AND WORK HARD TO DEAL WITH ALL OF THE COMBAT RELATED ISSUES, THEY CAN DO THAT WITHOUT FEAR OF LOSING THEIR VACATION.

SO I THINK THE BUDGET IS ACTUALLY A SEPARATE ISSUE.

THAT'S THE ONLY THING GOING ON HERE.

THAT'S CORRECT. THANK YOU, JACK.

THAT'S CORRECT. OK, I JUST WANTED TO ADD.

CHANCE. THE WORDING IS ON THE BOARD DOCUMENTS ONE PARAGRAPH, AND IT'S PRETTY STRAIGHTFORWARD. OK, THANKS.

AND CAN YOU READ THAT OUT LOUD FOR OUR BENEFIT AND FOR THE FOR OUR GUESTS ARE FOR THE PUBLIC CONSUMPTION? I ABSOLUTELY CAN AND I WAS GOING TO DO A SUMMARY OF IT PRIOR TO READING IT, BUT I THINK REGENT KROLL COVERED IT VERY SUCCINCTLY.

SO THE ACTUAL LANGUAGE THAT IS BEING PROPOSED WOULD SAY FOR FISCAL YEAR 2020, 21 AT THE DIRECTION OF THE PRESIDENT FOR ASSISTANT ADMINISTRATION EMPLOYEES OR THE CHANCELLOR FOR EMPLOYEES OF THE RELEVANT CAMPUS, WHICH DISCRETION MAY BE DELEGATED.

EMPLOYEES WHO HAVE BEEN UNABLE TO TAKE VACATION DUE TO COVID 19 PUBLIC HEALTH EMERGENCY MAY ACCRUE AND CARRY MORE THAN FORTY FOUR DAYS AS OF VACATION LEAVE AS OF JULY ONE 2020 THROUGH JULY ONE 2021.

THE ADMINISTRATION MAY ADOPT POLICIES TO IMPLEMENT THE SUBSECTION A.

BUT THIS SUBSECTION A SHALL BE REPEALED WITHOUT FURTHER ACTION AS OF JULY 1, 2021.

AND SO I WOULD LIKE TO MOVE THAT.

WE HOPE ON A CERTAIN PART OF THAT MOTION CHAIR GALLEGOS AND I'M MY MOTION IS THAT WE APPROVE THIS POLICY CHANGE AT THIS TIME.

SO I'M GOING TO AGAIN WAIT UNTIL REGENTS HAVE AN OPPORTUNITY TO WEIGH IN BEFORE.

OK, SO MY MAIN MOTION IS OUT AND AND I GUESS THAT WOULD BE OPENING UP TO DISCUSSION THEN.

SO, DAN, CAN YOU JUST HELP A LITTLE BIT WITH THIS PROCEDURAL? I'M GOING TO WAIT UNTIL REGENTS WEIGH IN BEFORE I'M GOING TO ALLOW A MOTION TO BE MADE SO I'M NOT ALLOWED TO MAKE AN A MOTION.

DAN WILKERSON. SO THE PROPER MOTION, IF THE FIRST MOTION WOULD BE IF THE BOARD'S GOING TO VOTE ON THIS TODAY, IT NEEDS TO WAIVE ITS OWN REQUIREMENT FOR A NOTICE OF MOTION.

BEFORE IT COULD CONSIDER THAT.

AND THAT WOULD BE VOTED ON IN THE AFFIRMATIVE BY A TWO THIRDS VOTE.

[00:40:04]

OK. THANK YOU. AND SO THAT'LL BE MY MOTION THEN, IS WHAT YOU JUST STATED.

WE'LL START WITH THAT.

AND THEN IF THERE'S DISCUSSION CHAIR GALLEGOS OBVIOUSLY BY ROBERT'S RULES OF ORDER, WE CAN HAVE THAT DISCUSSION.

ARE THERE ANY OTHER REGENTS THAT ARE THAT HAVE A PROBLEM WITH WHERE WE'RE AT TODAY? WITH WHAT WE'RE TRYING TO DO.

SUE GO AHEAD AND YOU MADE YOUR MOTION.

THEN I'LL SECOND THAT A SECOND SUE'S MOTION.

OK. DO WE KNOW WHAT THE MOTION IS? WILL YOU READ IT DAN? SO THE MOST. SO HERE'S HERE'S I'LL RESTATE IT.

THE MOTION IS TO WAIVE OUR NOTICE OF MOTION.

WE NEED A TWO THIRDS MAJORITY FOR THIS TO PASS.

AND THEN WE WILL PUT FORWARD A SUBSEQUENT MOTION TO ADOPT THE CHANGES OF POLICY.

THAT'S CORRECT. AND SO WE HAVE A SECOND.

AND NOW WE CAN DISCUSS.

NO DISCUSSION THEN.

THEN I WOULD CALL THE VOTE.

ALL IN FAVOR THEN? AYE.

SUE.

IT'S HARD ON ZOOM, GLENN.

SO YOU'RE ASKING FOR A VOTE? I'M ASKING FOR THE VOTE.

BUT SUE. I THINK IT WORKS BETTER IF IT WORKS THROUGH THE CHAIR.

SO. OK.

I THOUGHT THAT'S WHAT YOU WERE ASKING FOR WAS THE VOTE.

I AM ASKING FOR A VOTE OF THE MOTION IF YOU ARE IN SUPPORT OF IT SAY AYE.

AYE. ANYBODY OPPOSED.

THAT WAS CHANCE. OK.

I SAID AYE. THAT MOTION PASSES.

SO WHAT WE'VE DONE IS WE WAVED OUR POLICY AND VOTED TO HAVE THAT ENACTED IMMEDIATELY.

IS THAT CORRECT, MR. WILKERSON? SO NOW WE NEED A MOTION.

THAT'S CORRECT. OK.

SO NOW WE NEED A MOTION.

AND I'D LIKE TO MOVE THAT.

WE PASS THIS POLICY CHANGE.

IS THERE A? I SECOND IT.

OK. ALL IN FAVOR? AYE. THAT MOTION PASSES.

GREAT. THANK YOU.

GOOD JOB, EVERYONE. THAT'S A NINE ZERO VOTE.

THANK YOU SO MUCH BOARD OF REGENTS.

THANK YOU. ALL RIGHT.

OUR NEXT ORDER OF BUSINESS IS A PRESENTATION OF FISCAL YEAR 2021.

[E. 11:00 a.m. BOARD OF REGENTS DISCUSSION AND ACTION ITEMS]

BUDGET SCENARIO PRESENTATION AND TUITION FEES AND COMPENSATION.

VICE PRESIDENT SALIMAN.

THANK YOU VERY MUCH. SO IF IT'S OKAY, MR. CHAIRMAN, I'LL GO AHEAD AND SHARE MY SCREEN.

ALL RIGHT. SO.

PLEASE LET ME KNOW IF YOU HAVE ANY ANY QUESTIONS AS AS I GO THROUGH ALL OF THIS AND I WILL TRY TO KEEP IT MOVING SO AS SOON AS WE LOOK AHEAD TO FY 2021.

WE'RE THE FIRST.

THE FIRST STEP IN THE PROCESS TO MAKE IT ALL TO IMPLEMENT OUR PLANNING IS TO SET TUITION FEES AND COMPENSATION.

TODAY WE'RE RECOMMENDING TO THE BOARD AND HAVE RESOLUTIONS FOR YOU TO ACT ON THAT WOULD IMPLEMENT A ZERO PERCENT TUITION CHANGED AND THAT WOULD APPLY TO NEARLY ALL OF OUR STUDENTS. THERE WOULD BE A FEW EXCEPTIONS IN OUR GRADUATE AND PROFESSIONAL PROGRAMS, BUT RESIDENT AND NON RESIDENT UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS WOULD SEE IT WOULD BE SEEN A ZERO PERCENT INCREASE.

THE ONE EXCEPTION WOULD BE AN UNDERGRADUATE NONRESIDENT NURSING STUDENTS AT CU ANSCHUTZ, WHICH WOULD SEE A SLIGHT INCREASE.

AND WE ARE WE HAVE SOME RECOMMENDED CHANGES AND WE'VE REVIEWED THOSE WITH THE BOARD BOTH IN FEBRUARY AND APRIL.

I'VE INCLUDED THOSE RECOMMENDATIONS ON THESE IN THE APPENDIX TO THE POWERPOINT THAT IS IN OUR DOCS. AND.

AND YOU CAN TAKE A LOOK AT THOSE OF YOU IF YOU'D LIKE.

BUT WE ALREADY REVIEWED THAT IN FEBRUARY AND APRIL.

WE'RE ALSO RECOMMENDING A ZERO PERCENT COMPENSATION COMPENSATION INCREASE FOR FOR CU EMPLOYEES. AND THAT'S CONSISTENT WITH WHAT THE JBC RECENTLY.

SO JUST A REMINDER OF WHERE WE ARE IN TERMS OF THE STATE BUDGET AND TIMELINE.

[00:45:05]

SO THE JBC IS ACTUALLY LIKE WE POSSIBLY VOTING TODAY ON HIGHER EDUCATION FUNDING.

WE SAW THE GOOD NEWS FROM THE GOVERNOR YESTERDAY.

THE ALLOCATION OF CARES ACT DOLLARS TO HIGHER EDUCATION, 450 MILLION DOLLARS TO HIGHER EDUCATION IN THE STATE.

SO YOU WILL RECEIVE ABOUT ONE HUNDRED AND TWENTY SEVEN MILLION DOLLARS OF THAT.

SO WE'RE VERY GRATEFUL FOR THAT ACTION.

WE WILL, HOWEVER, ALSO BE SEEING STATE BUDGET CUTS.

AND THEN WE EXPECT THAT BUDGET CUTS TO BE QUITE SIGNIFICANT WHEN IT COMES TO K-12 AND HIGHER EDUCATION.

AND LIKE I SAID EARLIER, WE MIGHT KNOW AS SOON AS TODAY WITH THE JBC ACTION IS ON THAT.

THE BOND BILL IS SCHEDULED TO BE INTRODUCED THE WEEK OF MAY 25TH.

AND THEN IN THE SENATE ON THE WEEK OF JUNE 1ST.

AND SO IF ALL GOES ACCORDING TO THE CURRENT TIMELINE, THE STATE LEGISLATURE WILL ADOPT STATE BUDGET THE FIRST WEEK OF JUNE.

WE JUST MENTIONED THE THE THE DOLLARS COMING TO COLORADO THAT GOVERNOR POLIS ALLOCATED YESTERDAY, THAT WAS PART OF THE ONE HUNDRED AND FIFTY BILLION DOLLARS OF CARES ACT FUNDS THAT WENT TO STATE AND LOCAL GOVERNMENTS THERE.

THERE ARE OTHER PARTS OF THE CARES ACT DOLLARS THAT WENT DIRECTLY TO HIGHER EDUCATION INSTITUTIONS. AND SEE, YOU RECEIVED ABOUT OR I'M SORRY, ABOUT 14 BILLION WENT TO HIGHER EDUCATION THROUGH THAT, DIRECTED THROUGH THAT PORTION OF THE CARES ACT.

CU IS RECEIVING ABOUT THIRTY SIX MILLION DOLLARS.

ABOUT HALF OF THAT, OR EXACTLY HALF OF THAT IS GOING DIRECTLY TO STUDENTS.

AND THE OTHER HALF IS GOING DIRECTLY TO THE CAMPUSES.

THAT MONEY FOR STUDENTS CAN BE USED ESSENTIALLY TO COVER THEIR ADDITIONAL COSTS.

WELL, DEALING WITH COVID 19 AND ALL THE CAMPUSES, THAT PLANET PROCESS IS TO ALLOCATE THAT MONEY TO STUDENTS.

THE DOLLARS THAT ARE COMING TO THE INSTITUTIONS WILL HELP TO OFFSET A SMALL PART OF THE ADDITIONAL COSTS THAT HAVE BEEN OCCURRED IN THE CURRENT YEAR.

SO AS WE LOOK AT TUITION FOR NEXT YEAR, YOU CAN SEE THE ZERO PERCENT CHANGES FOR UNDERGRADUATE TUITION, EXCEPT WITH THE ONE CHANGE OVER THREE PERCENT INCREASE FOR NONRESIDENT NURSING STUDENTS AT CU ANSCHUTZ.

AT CU BOULDER, BECAUSE THEY HAVE A FOUR YEAR GUARANTEE FOR RESIDENT AND NONRESIDENT STUDENTS. THE INCOMING CLASS WILL PAY THESE TUITION RATES FOR THE NEXT FOUR YEARS.

WHEN YOU COMBINED TUITION AND FEES TOGETHER, YOU CAN SEE WHAT THE NET IMPACT IS FOR THE CAMPUSES. AND YOU CAN SEE THAT CU BOULDER.

THE COMBINED TOTAL IS GOING DOWN SLIGHTLY.

AND WHILE WE HAVE SLIGHT INCREASES IN A COUPLE OF OTHERS, WELL, WE SEE IN THE 90 THAT 90 DOLLAR INCREASE AT CU DENVER.

THAT WAS DUE TO THE EQUITY OUT THE EQUITY.

THE CHANGE IS TO EQUITABLY ALLOCATE THE TECHNOLOGY FEE ACROSS ALL STUDENTS.

AND SO THAT WILL ACTUALLY HAVE A REVENUE NEUTRAL IMPACT ON THE CAMPUS.

SO EARLIER, A COUPLE OF FOLKS MENTIONED THAT SCENARIO, PLANNING THAT THE CAMPUSES ARE DOING AND THIS SUMMARIZES WHAT THIS SCENARIO PLANNING LOOKS LIKE.

SO EACH CAMPUS IS LOOKING AT THREE SCENARIOS WHEN IT COMES TO BOTH OPPORTUNITY OPERATING AUXILLARY AND RESTRICTED REVENUES.

AND WE'LL BE TALKING MOSTLY TODAY ABOUT THE OPERATING REVENUE SCENARIOS.

BUT YOU CAN BET, THE CAMPUSES ARE ABSOLUTELY IN PLANNING FOR REDUCED REVENUES WHEN IT COMES TO AUXILIARIES AND RESTRICTED REVENUES AS WELL.

SO LET'S JUST MOVE AHEAD TO THE DENVER CAMPUS TO TO LOOK A LITTLE BIT AT THAT, AT THE PLANNING PROCESS.

SO ALL THE CAMPUSES AND IN DENVER IS NO EXCEPTION THAT HAVE CREATED WORKING GROUPS TO WORK TOWARD WELCOMING STUDENTS BACK IN THE FALL.

AND ALSO JUST TO DEAL WITH THE WITH THE WITH KEEPING FACULTY AND STAFF SAFE.

IMMEDIATELY AS WELL.

SO THE CAMPUSES ARE HAVE CREATED THESE SAFE RETURN TO CAMPUS.

COMMITTEES OF THE CAMPUSES ARE HOPING TO HAVE TO HAVE DECISIONS MADE ON EXACTLY HOW FALL IS GOING TO BE APPROACHED BY EARLY JUNE.

THE CAMP, AS WE KNOW, WE'VE ALSO IMPLEMENTED REDUCTIONS TO SOME SITE.

WE'VE ALSO IMPLEMENTED REDUCTIONS TO COMPENSATION OR LEADERSHIP ON THE CAMPUSES.

AND THAT'S REFLECTED HERE AND SYSTEM AND THAT'S REFLECTED HERE TO CU DENVER.

[00:50:05]

CAMPUSES ARE ARE VERY MUCH ON TOP OF AND TRACKING THEIR DEBT SERVICE REQUIREMENTS.

AND WHILE THE CAMPUSES MIGHT NEED TO A VENDOR MIGHT NEED TO MOVE SOME MONEY AROUND TO COVER THEIR DEBT SERVICE PAYMENTS, THEY THEY ARE THEY HAVE THAT COVERED WITHIN THEIR BUDGET, THESE SCENARIOS.

SO ENROLLMENT CU DENVER FOR THE SUMMER IS ACTUALLY EXPECTED TO BE SLIGHTLY ABOVE THAT 20 19 CENSUS, BUT FALL ENROLLMENT IS SHOWING WEAKNESS.

AND IN THE CAMPUSES, WHILE TRACKING THIS CLOSELY AND WORKING VERY HARD TO TRY TO ATTRACT ENROLLMENT FOR THE FALL SEMESTER.

CU DENVER HASN'T MET ITS SOME STRATEGIC EFFORTS, FOCUSING ON NEW STUDENTS AND CONTINUING ENROLLMENT ON ALL THE CAMPUSES.

OUR MOTHER.

WE HAVE SOME INITIAL INDICATION ON ENROLLMENT NOW.

EVERYBODY IS VERY CLEAR THAT WE THE MORE TIME NEEDS TO GO BY BEFORE WE HAVE A GOOD FEEL ON WHERE ENROLLMENT WILL END UP.

SO IN TERMS OF THE BUDGET BALANCING SCENARIOS FOR FOUR OPERATING IN OUR ENERGY BUDGET, WE'RE LOOKING AT FIVE, 10 AND 20 PERCENT REDUCTION SCENARIOS THAT WILL RESULT IN THESE DOLLAR REDUCTIONS AT CU DENVER.

WE DON'T KNOW WHICH SCENARIO WILL WILL ULTIMATELY BE IMPLEMENTED BECAUSE OF TWO MAIN FACTORS. WE'VE GOT NO STATE FUNDING.

IT'S GOING TO END UP. WE SHOULD KNOW SOON.

BUT WE ALSO DON'T KNOW WHERE ENROLLMENTS GOING TO END UP WITH THAT.

WE'RE NOT GOING TO KNOW FOR A LITTLE BIT MORE TIME.

IN TERMS OF BALANCING THE BUDGET AND CU DENVER, YOU'VE SEEN THESE OPTIONS BEFORE.

AND UNFORTUNATELY, THE OPTIONS DON'T REALLY CHANGE.

THE ALL THE CAMPUSES ARE, YOU KNOW, WORKFORCE ACTIONS USING RESERVES, PROGRAMMATIC REORGANIZATIONS IS NECESSARY.

AND AND AND AND THE YOU KNOW, THE UTILIZATION OF ONE TIME RESOURCES, SUCH AS VACANCY SAVINGS, THINGS LIKE THAT.

SO WHEN WE LOOK AT WHERE THIS WOULD LEAD US RELATIVE TO OUR TUITION RESERVES OUR EMERGENCY TUITION STABILIZATION PLAN RESERVES.

YOU CAN SEE THAT IN SCENARIO ONE.

CU DENVER WOULD HAVE ABOUT 4.7 MILLION DOLLARS LEFT IN THAT RESERVE.

IF THEY ARE DEALING WITH A FIVE PERCENT BUDGET REDUCTION.

IN SCENARIO THREE, CU DENVER'S LOOKING AT A 20 PERCENT BUDGET REDUCTION, THEY'RE PROPOSING TO LIKELY SPEND DOWN THEIR RESERVE COMPLETELY IN ORDER TO TRY TO SPREAD THE IMPACT OF BUDGET REDUCTIONS OVER A LONGER PERIOD OF TIME SO THAT WE DON'T HAVE A CLIFF EFFECT WHERE FOR FOR A FACT FOR FACULTY, STAFF AND PROGRAMS. IN TERMS OF AUXILLARY BUDGETS, SO AUXILIARIES ARE OUR BUSINESS OPERATIONS THAT ESSENTIALLY HAVE TO BALANCE THEIR OWN BUDGETS.

AND SO AS AUXILLARY AS REVENUES ARE COMING IN SHORT FOR AUXILLARY OPERATIONS, THE CAMPUSES HAVE PLANS THAT ARE ACTUALLY ALREADY IMPLEMENTING PLANS TO KEEP THE ARTILLERY UP, THE BUDGETS AT THE AUXILLARY OPERATIONS BALANCE, AND THAT WILL BE THROUGH WORKFORCE ACTIONS AND THE USE OF RESERVES.

AND THAT'S VERY SIMILAR AT ALL OF THE CAMPUSES.

WHEN IT COMES TO RESTRICTED REVENUES AND THIS IS PRIMARILY RESEARCH REVENUE, YOU CAN SEE WHAT THE SCENARIOS ARE TO CU DENVER THAT THAT THEY'RE THAT THEY'RE FUNDING FOR AND WHAT THE DOLLAR AMOUNTS ARE.

AND SO RESEARCH, THE RESEARCH BUDGET BALANCING WILL HAPPEN SIMILAR TO THAT OF THE AUXILIARY BUDGET BALANCING.

THE CAMPUSES WILL BE LOOKING AT ACHIEVING SAVINGS THROUGH THROUGH WORKFORCE ACTIONS AND ALSO THE USE OF RESERVES.

BUT ALSO, WE KNOW TANYA AND HER TEAM ARE WORKING HARD TO TRY TO GET FEDERAL RELIEF, TO PROVIDE ADDITIONAL SUPPORT TO OUR RESEARCH ACTIVITIES.

ANY QUESTIONS ABOUT CU DENVER FROM THE BOARD? OK, SO MOVING ON TO CU ANSCHUTZ.

SO CU ANSCHUTZ, OF COURSE, HAS THEIR CAMPUS WORKING GROUP AS WELL.

AND THEY'RE PLANNING FOR THE FALL.

CU ANSCHUTZ FALL ACTUALLY STARTS IN THE SUMMER.

AND SO IT'S NOT REALLY FALL, BUT THEY'RE CU ANSCHUTZ IS PLANNING AND ACTUALLY WELCOMING STUDENTS BACK NOW.

AND THEY'RE IN ALL THE CAMPUSES ARE DOING THAT IN AN INCREDIBLY CAREFUL AND PLANNED WAY TO KEEP STUDENTS, FACULTY AND STAFF SAFE IN THE CURRENT YEAR.

[00:55:03]

CU ANSCHUTZ HAS REDUCED CAPACITY IN RESEARCH, OF COURSE, BECAUSE WE'RE SENDING FOLKS HOME FOR A PERIOD OF TIME AND, OF COURSE, REDUCE THE RESEARCH CAPACITY.

AND AS WE FIRST FROM CU ANSCHUTZ, CLINICAL OPERATIONS HAVE BEEN SIGNIFICANTLY IMPACTED DUE TO THE SUSPENSION OF PROCEDURES.

ACADEMIC PROGRAMS HAVE ALSO BEEN ADJUSTED AT CU ANSCHUTZ.

LIKE LIKE DENVER, CU ANSCHUTZ IS PLANNING FOR THAT SERVICE PAYMENT REQUIREMENTS.

AND CU ANSCHUTZ ENROLLMENT IS ACTUALLY ESTIMATED TO INCREASE SLIGHTLY FOR NEXT YEAR.

LET'S DO IT.

IT'S SIGNIFICANT. PART OF THAT INCREASE IS ACTUALLY DUE TO MOVING SOME EXTEND STUDY STUDENTS TO THE MAIN CAMPUS FROM THE COLLEGE OF NURSING.

WE ARE WE ALSO ARE LOOKING AT SOME INCREASED ENROLLMENTS AT CU ANSCHUTZ IN A COUPLE OF SPECIFIC PROGRAMS LISTED HERE.

SO CU ANSCHUTZ IS ALSO HAVING TO DEAL WITH IT WITH MONEY, SOME OF THEIR BUDGET REDUCTIONS THROUGH WORK FORCE ACTIONS AND THOSE ARE LISTED HERE AT THE BOTTOM OF PAGE 20.

WHEN WE LOOK AT THE BUDGET BALANCES SCENARIOS FOR THE OPERATING BUDGET, THESE ARE THE TARGET AMOUNTS FOR CU ANSCHUTZ.

AND THE BUDGET BALANCE, THE OPTIONS THAT CU ANSCHUTZ ARE SIMILAR TO THE OTHER CAMPUSES.

WHEN WE LOOK AT THE ANSCHUTZ RESERVE UNDER SCENARIO ONE, THAT THE CAMPUS WITH WHICH WE PLAN TO END WITH A RESERVE BALANCE OF ABOUT TWO POINT SEVEN PERCENT.

AND UNDER SCENARIO THREE OF RESERVE BALANCE OF ABOUT TWO POINT TWO PERCENT.

THE AUXILLARY BUDGET BALANCING OPTIONS AT ANSCHUTZ THE SAME AS THE OTHER CAMPUSES THAT THE CAMPUSES ARE ALL HAVING TO DEAL WITH AUXILLARY REVENUE SHORTFALLS.

AND THEY'RE ALL AND THEY ALL HAVE THE SAME TOOLS IN THE TOOL BOX FOR DEALING WITH THOSE SHORTFALLS. IN TERMS OF RESTRICTED REVENUE IMPACTS, YOU COULD SEE THEY'RE QUITE SIGNIFICANT AT CU ANSCHUTZ BECAUSE UNDER EACH SCENARIO, BECAUSE THERE THERE'S QUITE A BIT OF RESTRICTED OR RESEARCH ACTIVITY AT CU ANSCHUTZ AND YOU CAN SEE THAT THAT CAMPUS IS DEALING WITH HELP TO ADDRESS ADDRESS THOSE SHORTFALLS, ESPECIALLY IN THAT ENVIRONMENT WHEN A LOT OF THE RESEARCH ACTIVITY CAN'T BE DONE REMOTELY.

MOVING ON TO CU BOULDER.

CU BOULDER ALSO HAS THEIR THEIR TASK FORCE WORKING ON, WELCOMING STUDENTS BACK AND FORTH, AND THEY PLAN TO ANNOUNCE PLANS BY OR BEFORE JUNE 1ST.

ENROLLMENT AT CU DENVER FOR THE SUMMER IS ACTUALLY HAS ACTUALLY GONE UP.

SO CU BOULDER IS EXPECTING AN ENROLLMENT INCREASE OF ABOUT 13 PERCENT.

OVER THE SUMMER. UNFORTUNATELY, PROJECTIONS FOR THE FALL ARE FLAT.

AND WE HAVE AND THERE ARE JUST SO MANY UNKNOWNS ABOUT FALL AT THIS POINT.

LIKE THE OTHER CAMPUSES CU BOULDER IS IS WAITING TO SEE AN ACTUAL STUDENT BEHAVIORS GOING TO IT'S GOING TO LOOK LIKE.

WHEN WE LOOK AT THAT AT THE BUDGET, HOW CU BOULDER HAS RESPONDED WITH THEIR BUDGET.

SO FAR YOU'VE HEARD ABOUT ALL OF THIS INFORMATION ALREADY.

BUT HERE'S A LIST, SOME OF THE ACTIONS THEY'VE TAKEN.

AND WHAT THE ADDITIONAL BUDGET BALANCING ACTIONS MIGHT INCLUDE.

HERE ARE THE SCENARIO OPTIONS FOR CU BOULDER AND THE REDUCTIONS THAT THEY ARE PLANNING FOR. AND THE TOOLS IN THE TOOL BOX FOR BALANCING THEIR BUDGET.

SAME AS THE OTHER CAMPUSES.

WHEN WE LOOK AT THE RESERVES OF CU BOULDER, WE'RE LOOKING AT AN UNDER SCENARIO ONE ENDING WITH A TWO PERCENT RESERVE FOR THE TUITION EMERGENCY WHICH AND STABILIZATION PLAN.

AND UNDER THE THREE, THAT SCENARIO NUMBER THREE, WE WOULD END UP WITH A ZERO BALANCE IN RESERVE. HERE YOU CAN SEE THE AUXILIARIES THAT CU BOULDER AND HOW THEY HOW THEY COMPARE TO EACH OTHER IN TERMS OF SCALE.

SEE, BOULDER IS PLANNING FOUR DIFFERENT SCENARIOS FOR AUXILLARY, BUDGET BALANCING AND THE TOOLS IN THE TOOLBOX.

CU BOULDER FOR KEEPING THE AUXILIARY BUDGETS BALANCED ARE THE SAME AS THE OTHER CAMPUSES.

IN TERMS OF RESTRICTED REVENUE PLANNING.

HERE ARE THE POTENTIAL SCENARIOS THAT CU BOULDER IS PLANNING FOR AND DEALING WITH THE

[01:00:07]

EXACT SAME CHALLENGES THAT CU ANSCHUTZ IS DEALING WITH IN TERMS OF RESTRICTED REVENUE AND START. AND CAN WE START WELCOMING BACK THE RESEARCH ENTERPRISE TO THE CAMPUS AND ITS AND THE FACULTY ASSOCIATED WITH THAT.

TODD? THIS IS JACK HERE. PERHAPS AS THE CHAIRMAN MAY, OR AS THE BOARD MAY BE PLEASED, IT MIGHT BE GOOD FOR US AS WE GET A BETTER AN INSIGHT INTO WHAT ARE OUR FALL PLANS WILL BE TO GET AN UPDATE ON ON TWO MAIN AUXILIARIES UP IN BOULDER, THE HOUSING AND ATHLETICS, PARTICULARLY WITH ATHLETICS.

YOU KNOW WHAT? WHAT ARE THEY EVEN GOING TO BE ABLE TO PLAY? YOU KNOW, THAT'S THAT'S A BIG QUESTION I HAVE.

SO AS WE LOOK FORWARD, MAYBE THAT CAN COME TO US.

A COUPLE OF MONTHS DOWN THE LINE. SOUNDS GOOD AND WE WILL DEFINITELY PROVIDE ANOTHER UPDATE AT THE JUNE BOARD MEETING ON THAT.

AND SO IF IT'S OKAY, WE CAN JUST PROVIDE THAT THEN.

THAT SOUND GOOD? AND I THINK THAT WILL CONTINUE TO NEED TO DO NEED TO PROVIDE THAT BASE EVEN AFTER JUNE, BECAUSE WE DON'T REALLY KNOW WHERE ENROLLMENT WILL END UP.

YEAH, WELL, AND PARTICULARLY WITH ATHLETICS, YOU KNOW, THE ANNOUNCEMENTS.

YOU KNOW WHAT? WE. WE MAY DO SOMETHING WHOLLY DIFFERENT THAN ANOTHER INSTITUTION.

AND, YOU KNOW, AND THERE'S ALL SORTS OF INTERRELATED ISSUES THERE TO UNPACK.

SO WE KEEP KEEP ON TOP OF THAT.

THANK YOU. ANY OTHER QUESTIONS? OK. SO LOOKING AT LOOKING AT UCCS.

UCCS HAS A RECOVERY TEAM ALSO DOING GREAT WORK IN THIS SPACE.

AND AND AND ALSO PLANNING FOR DEBT SERVICE AND IMPLEMENT COST SAVING MEASURES, AS ARE THE OTHER CAMPUSES. WHEN WE LOOK AT SUMMER ENROLLMENT AT UCCS, YES, THE OUTLOOK IS FLAT FOR SUMMER AND FALL ENROLLMENT IS IS ALSO SHOWING WEAKNESS THAT UCCS.

YES, BUT IT'S REALLY EARLY TO BE ABLE TO KNOW WHERE WHERE THE CAMPUSES ARE GOING TO END UP IN TERMS OF ENROLLMENT, WHICH IS WHY WE'RE PRESENTING YOU WITH THREE SCENARIOS TODAY.

USUALLY WE WOULD GIVE YOU ONE BECAUSE WE WILL WE WOULD HAVE KNOWN, BUT TODAY WE'LL GIVE THREE. AND WE DON'T KNOW WHICH NUMBER COULD END UP IN.

AND THOSE ARE THE THREE FOR UCCS, YES.

BUDGET BALANCING OPTIONS ARE THE SAME.

AND HERE ARE HERE ARE THE ENDING RESERVE BALANCES AT UCCS GIVEN SCENARIO ONE AND THREE.

WE DIDN'T PUT SCENARIO TWO ON HERE BECAUSE IT'S KIND OF IN BETWEEN ONE AND THREE AND WE IF THERE WAS ENOUGH ROOM ON THE SLIDE OR THE CAMPUSES.

IN TERMS OF AUXILLARY BUDGET BALANCING, UCCS HAS JUST LISTED THE ITEM SALARIES THAT ARE PRIMARILY IMPACTED AND THEIR BUDGET BALANCE.

THE OPTIONS ARE THE SAME AS THE OTHER CAMPUSES.

AND HERE YOU CAN SEE THE RESTRICTED BUDGET IMPACTS.

IN TERMS OF SYSTEM ADMINISTRATION, WE, TOO, ARE LOOKING AT THE FIVE, 10 AND 20 PERCENT SCENARIOS AND WE HAVE THE SAME BUDGET BALANCING OPTIONS AS AS THE CAMPUSES.

LOOKING AT WORKFORCE OPERATING RESERVES AND JUST ESSENTIALLY OPERATING SPENDING REDUCTIONS, WE, TOO, HAVE THE EXECUTIVE OFFICER FURLOUGHS EFFECTIVE JULY ONE, JUST SAME AS WHAT HAPPENED ON THE CAMPUSES.

THE AUXILLARY BUDGET BALANCING OPTIONS A SYSTEM ARE VERY SIMILAR TO THOSE AT THE CAMPUSES. AND AND THEN THIS IS THEIR TIMELINE.

SO GOING FORWARD FROM HERE, WE WILL CONTINUE TO FINALIZE OUR BUDGET AND THEN WE'LL BRING YOU A FINAL BUDGET WITH OUR BEST ESTIMATE ON JUNE 18TH.

THAT ESTIMATE WILL MOST LIKELY NOT BE EXACTLY RIGHT.

AND SO WE'RE GOING TO CONTINUE TO KEEP YOU POSTED AS WE MOVE THROUGH THROUGH THE YEAR AND LET YOU KNOW AND INCLUDE YOU IN THE CONVERSATION ABOUT WHAT WHAT'S WHAT'S BEING DONE TO ENSURE THAT OUR BUDGETS REMAIN BALANCED AND WORK.

WE'RE DOING EVERYTHING WE CAN TO TO PROVIDE AN AND AN EXCELLENT EXPERIENCE FOR THE STUDENTS AND ALL OF OUR CAMPUSES, AS WELL AS OUR FACULTY AND STAFF.

SO WITH THAT, I'M HAPPY TO TAKE ANY TAKE ANY QUESTIONS.

THE THE REGENT RESOLUTIONS ARE COMBINED INTO ONE DOCUMENT IN BOARD DOCS, AND I CAN PUT THOSE ON THE SCREEN IF YOU'D LIKE.

MR. CHAIRMAN.

HEY, TODD, AS YOU'RE PULLING THAT UP.

I THINK IT WOULD BE REALLY GOOD.

GLENN, WE USUALLY GET A TREASURER'S REPORT AND THEN AT THE REGULAR BOARD MEETINGS.

[01:05:03]

I DON'T SEE THAT ON THE AGENDA TODAY, AND THAT'S FINE.

BUT AT OUR JUNE MEETING, COULD WE GET SOME UPDATE FROM TREASURER WILSON ON, YOU KNOW, MAYBE SOME OF THE OPTIONS THE BOARD HAS TO CONSIDER SURROUNDING OUR DEBT SERVICE? YOU KNOW, ONE THING WE COULD LOOK AT IS, IS SIMPLY ROLLING OUR PRINCIPAL PAYMENTS FORWARD AND ISSUING NEW DEBT.

SO I THINK THAT THAT'S A GOOD DISCUSSION FOR THE BOARD, FOR THE BOARD TO HAVE AS WE APPROACH THE BUDGET FOR NEXT YEAR.

YOU BET. AND DAN WILSON HAS BEEN WORKING CLOSELY WITH CHUCK AND THE CAMPUSES TO IDENTIFY THE OPTIONS AND THE NEEDS.

AND WE'LL DEFINITELY PUT THAT AS A DISCUSSION ITEM FOR JUNE.

THANK YOU, MR. CHAIRMAN. FIRST, THE FIRST AGENDA ITEM IS TUITION RATES, AND THIS INCLUDES THE ZERO.

WITH THIS RESOLUTION, YOU WOULD BE APPROVING THE ZERO PERCENT TUITION CHANGE FOR NEARLY ALL STUDENTS ON ALL OF OUR CAMPUSES.

AND THAT WOULD INCLUDE ALL CAMPUSES, RIGHT? THAT'S RIGHT. WITH THAT, WITH THAT SLIGHT VARIATION AT CU ANSCHUTZ SOME OF THE PROFESSIONAL PROGRAMS WILL HAVE TUITION INCREASES, WHICH ARE CONSIDERED THE TUITION TABLES, ALONG WITH NONRESIDENT UNDERGRADUATE NURSING STUDENTS AT CU ANSCHUTZ.

ARE WE READY TO MAKE A MOTION? DO I DO I HAVE A MOTION TO THIS? SHALL WE TAKE THIS THING OFF THE SCREEN SO WE CAN SEE THE REGENTS? THANK YOU. DO WE HAVE A MOTION TO APPROVE THE TUITION PACKAGE FOR ALL FOUR CAMPUSES? SO MOVED. THIS IS LINDA.

I'LL SECOND THAT.

AND I HAVE A DISCUSSION COMMENT.

THE MOTION HAS BEEN MOVED BY REGENT SHOEMAKER, SECONDED BY REGENT KROLL.

AND I HAVE A.

I'D LIKE TO HAVE A DISCUSSION.

THANK YOU, CHAIR GALLEGOS, I WILL NOT BE VOTING IN SUPPORT OF A ZERO PERCENT TUITION INCREASE. THE UNIVERSITY I RECOGNIZE IS FACED WITH BIGGEST FINANCIAL CRISIS.

IT'S FACED IN ITS ENTIRE HISTORY.

BUT WE'RE ALSO FACED WITH THE HIGHEST UNEMPLOYMENT NUMBER SINCE THE GREAT DEPRESSION.

PEOPLE ARE LOSING THEIR JOBS OR LOSING THEIR INCOMES.

AND OUR TUITION PAYERS ARE STUDENTS AND PARENTS AND TUITION PAYERS ARE ARE FACING DIFFICULT TIMES RIGHT NOW.

AND ALTHOUGH THERE HAVE BEEN TIMES WHERE I WOULD HAVE APPLAUDED A ZERO PERCENT TUITION INCREASE, I THINK DURING THIS PARTICULAR TIME, WE NEED TO BE TAKING A LOOK AT THE DIFFICULT CHALLENGES THAT OUR STUDENTS ARE FACING.

AND I WOULD LIKE TO HAVE SEEN A TUITION DECREASE AT THIS TIME.

AND ALTHOUGH I KNOW THE UNIVERSITY IS TAKING DEEP CUTS, I STILL BELIEVE THAT THEY CAN TAKE DEEPER CUTS.

AND I WOULD SAY WE SHOULD BE STARTING AT THE EXECUTIVE LEVEL WITH SALARY INCREASES THAT ARE CURRENTLY BEING CONSIDERED AND LIKELY VOTED ON SOON.

SO I WILL NOT BE VOTING FOR THIS TUITION.

THANK YOU, RICHARD SHARKEY IS THERE OTHER DISCUSSION ON THIS MOTION.

ALL IN FAVOR. I THINK THERE'S A COUPLE MORE POINTS I WAS SITTING BACK BUT I THINK HEIDI HAD SOMETHING. NO, GO AHEAD, JACK.

I'M SURE I'LL MAKE MY POINT VERY BRIEFLY.

I JUST WANT TO MAKE SURE THAT GIVEN THE COMPLEXITIES WE HAVE WITH BRINGING STUDENTS BACK TO GIVE US IN FALL. AND WHILE THAT'S OUR STATED INTENT NOW, IT MAY NOT BE THE REALITY THAT WE GET TO DO THAT.

I HOPE IT IS. WE'RE WORKING AS HARD AS WE CAN.

AND I APPRECIATE ALL THE WORK THAT'S GOING ON THERE.

I WOULD CERTAINLY ASK THAT THIS.

I'M GONNA BE VOTING TO APPROVE THIS, BUT I WOULD CERTAINLY ASK THAT WE LEAVE OPEN THE OPTION FOR US TO RECONSIDER WHAT WE CHARGE THE TUITION IF WE FIND OURSELVES IN A FULLY REMOTE ENVIRONMENT. SO I HAVE TO SAY THANK YOU, REGENT KROLL.

REGENT GANAHL. ALL RIGHT.

FIRST OF ALL, REGENT KROLL, IT'S REALLY HARD TO PAY ATTENTION TO WHAT YOU'RE SAYING WITH THAT LITTLE PILE OF CUTENESS THERE SO IT'S DISTRACTING.

RIGHT. I APPRECIATE IT. AND I.

I AGREE. WE'RE IN A REALLY PRECARIOUS SITUATION.

AND JACK REGENT KROLL AND REGENT SHARKEY, I GET BOTH OF YOUR POINTS.

AND I THINK THERE IS LOTS OF WORK TO DO TO ROLL UP OUR SLEEVES AND CUT WHERE WE CAN.

AND I LOOK FORWARD TO HAVING THOSE DISCUSSIONS AND FIGURING OUT HOW WE CAN ADDRESS OUR BUDGET AND OUR BUDGET DOWNFALLS.

BUT I, I HOPE THAT WE CAN LOOK AT ADMINISTRATIVE EXPENSE AS SOME OF THESE STATS I'VE

[01:10:06]

LOOKED AT RECENTLY, UNIVERSITY ADMINISTRATIONS HAVE GROWN TO OR 20 PERCENT IN THE LAST 30 YEARS, FACULTY'S ONLY GROWN 10 PERCENT.

AND I KNOW WE'VE GOTTEN SOME PRETTY GOOD GROWTH NUMBERS RECENTLY, SO I THINK WE CAN GO AFTER THAT. I JUST WANT TO MAKE SURE THAT THESE THE SITUATION DOESN'T FALL ON THE BACKS OF OUR STUDENTS AND ANYTHING WE CAN DO TO AVOID THAT AND PROVIDE THEM TUITION RELIEF ON FEES. HELP THEM STAY IN SCHOOL AND GET THE EDUCATION THAT THEY SO DESIRE.

THIS IS REALLY, REALLY IMPORTANT TO ME.

AND I TRUST THAT WE'RE GONNA BE HAVING SOME CONVERSATIONS.

AND I TRUST THAT WHAT JACK SAID, THAT WE WILL HAVE THE OPPORTUNITY TO REVISIT THIS IF THINGS CHANGE DRAMATICALLY.

SO THANK YOU. THANK YOU.

ANY OTHER COMMENTS? I HAVE CHAIR GALLEGOS.

I HAVE A COMMENT.

I SUPPORT THE TUITION PROPOSAL.

THIS WILL MAKE TWO YEARS IN A ROW THAT WE'VE BEEN ABLE TO FREEZE TUITION AND HOLD IT STEADY. I THINK THAT'S THAT'S A SOLID ACCOMPLISHMENT.

I ALSO THINK WHAT WE'RE DOING HERE DEMONSTRATES THE WISDOM OF HAVING A RESERVE FOR THESE TYPE OF SITUATIONS.

AND AS OUR FORMER COLLEAGUE, REGENT LUDWIG, SAID FOR MANY YEARS, WINTER IS COMING.

I WOULD SAY WINTER HAS ARRIVED.

AND SO NOW WE FORTUNATELY HAVE SOME MONEY IN RESERVE WE CAN USE TO AVOID SOME OF THE SOME OF THE DAMAGE FROM THE ECONOMIC SITUATION.

AND I WANT TO THANK THE CHANCELLORS AND THE PRESIDENT AND ALL THE LEADERS FOR DOING WHAT THEY'RE DOING TO PUT TREMENDOUS WORK INTO THIS, TO KEEP THE UNIVERSITY AFLOAT AND ON A STEADY COURSE FOR THE STUDENTS IN OUR STATE.

THANK YOU. ANYBODY ELSE WHO WOULD LIKE TO WEIGH IN? I THINK THAT WE'LL DO A ROLL CALL VOTE ON THIS ONE.

IF YOU DON'T MIND. OK.

ONE MOMENT. OK.

REGENT CARSON.

AYE. REGENT GANAHAL.

AYE. VICE CHAIR GRIEGO.

AYE.

REGENT HILL. AYE.

REGENT KROLL.

AYE. REGENT SHARKEY.

NO. REGENT SHOEMAKER.

YES. REGENT SMITH.

YES. CHAIR GALLEGOS.

YES. THAT PASSES EIGHT TO ONE.

OK, NOW WE'RE READY TO MOVE ON TO THE NEXT ACTION ITEM.

STUDENT FEES.

AND WOULD SOMEBODY MAKE A MOTION WITH REGARD TO STUDENT FEES? I MOVED TO ADOPT THE RESOLUTION AS PRESENTED IN BOARD DOCS ON STUDENT, PLEASE MOVE BY REGENT CRAWL. SECOND, I'LL SECOND THAT FOR A REGENT CARSON.

DISCUSSION, I DID HAVE ONE QUESTION FOR THE DENVER CAMPUS ON THE STUDENT SERVICES FEE.

I'M JUST CURIOUS WHY IT WAS WHY IT WAS DROPPING.

WERE THERE CERTAIN OFFICES OR OR SERVICES THAT WERE CURTAILED AS A RESULT OF THAT DROPPING ? DOROTHY OR JENNIFER, WOULD YOU LIKE TO SPEAK TO THAT? I'LL YIELD TO JENNIFER.

AND REGENT KROLL, THE REASON AT THE STUDENT SERVICES FEE IS DROPPING IS THAT WE'RE ACTUALLY IT'S THE WAY THAT WE'RE COUNTERBALANCING ALL OF OUR DIFFERENT FEES TO MAKE THEM EQUITABLE FOR EVERYBODY, WHETHER THEY'RE ONLINE, REMOTE ON CAMPUS.

SO IT'S MORE OF JUST THE DISTRIBUTION OF THE FEES THAT THAT'S CAUSING THAT REVENUE TO DROP. THANK YOU.

THANK YOU. FOLLOW UP ON THAT JACK? I'M GOOD. THANK YOU. REGENT GANAHL.

YEAH. I DON'T I'VE NEVER LIKE THE WAY THE FEES ARE SETUP AND THAT STUDENTS ARE PAYING FOR SERVICES THAT THEY AREN'T USING.

SO I WILL LIKELY VOTE NO ON THE INCREASE IN THE FEES.

I THINK AT THIS TIME, WITH EVERYTHING WE'RE DEALING WITH, THIS IS ONE AREA WE COULD REALLY SUPPORT OUR STUDENTS AND AND BE MORE AGGRESSIVE ON DELETING.

THESE ARE PUTTING THEM ON HOLD OR DECREASING THEM.

THANK YOU. OTHER COMMENTS WITH REGARD TO OUR FEES, THOUGH, SO I THINK HEIDI BRINGS UP A GOOD POINT, TOO, IN THE SENSE THAT I WOULD LIKE, YOU KNOW, A SIMILAR AMOUNT OF FLEXIBILITY TO KIND OF RETURN TO THESE FEES IF IF OUR PLANS FOR THE FALL ARE SIGNIFICANTLY ALTERED.

I MEAN, YOU KNOW, WHO WHO OUGHT TO BE PAYING FOR AN RTD BUS PASS IF YOU CAN'T GO TO

[01:15:05]

CAMPUS? RIGHT. YOU KNOW, I DON'T KNOW.

MAYBE THE STUDENTS WILL WANTS TO WANT THAT.

BUT THAT'S SOMETHING THAT WE SHOULD CERTAINLY TAKE UP IF OUR IF OUR REALITY IS ADJUSTED SIGNIFICANTLY BETWEEN NOW AND THEN.

I WOULD SAY THAT WE HAVE TO GO INTO THIS NEXT YEAR WITH THAT FLEXIBILITY FROM WHAT REGENT GANAHL AND WHAT REGENT KROLL SAID.

OH, I DON'T THINK ANYBODY HAS A CRYSTAL BALL FOR WHAT'S GOING TO HAPPEN IN SEPTEMBER.

AND I THINK THAT OUR PRESIDENT, THE ADMINISTRATION WILL KEEP US ABREAST OF THAT.

BUT AT ANY PARTICULAR TIME, THE REGENTS WANT TO LOOK AT SOMETHING, AND I THINK IT'S THERE FOR US TO DO SO.

I HAVE A QUESTION.

CHAIR GALLEGOS.

BASED ON THAT FLEXIBILITY THAT'S BEING SUGGESTED, WOULD WE BE ABLE TO DO THAT AS WE MOVE IN TO LATE SUMMER OR FALL OR EVEN GOING INTO THE SPRING SEMESTER? BECAUSE WHAT WE'RE VOTING ON RIGHT NOW IS FOR THIS COMING YEAR.

SO DO WE HAVE THAT FLEXIBILITY TO TO GO BACK ON THAT RENEGE ON WHAT WE'RE VOTING ON TODAY, BASICALLY? WHAT WE'VE WHAT WE'VE SEEN OVER THE LAST FEW MONTHS IS THAT WE ARE IN A DYNAMIC ENVIRONMENT AND WE'RE HAVING TO ADAPT CONSTANTLY.

WE WE IT TURNS OUT WE'RE WE'RE MORE FLEXIBLE THAN WE EVER THOUGHT WE COULD BE.

OK. THE WHAT YOU'RE SAYING IS, IS THAT WE CAN COME BACK HERE IN A PERIOD OF MONTHS, IF NECESSARY, TO CHANGE THE FEE STRUCTURE OR TUITION THAT WE'RE CURRENTLY OFFERING.

WE COULD, BUT WE'RE ALSO.

YOU KNOW, AS WE MENTIONED EARLIER, WE'RE WORKING SO HARD TO TRY TO YOU KNOW, TRY TO MAKE IT, BUT THAT DOESN'T NEED TO HAPPEN.

SO, I'M JUST TRYING TO UNDERSTAND, IF WE'RE TALKING ABOUT LEAVING THIS DOOR OPEN FOR FLEXIBILITY, IS THAT ACTUALLY A REALITY OR NOT? AND THAT'S WHAT I'M TRYING TO GET AT.

SO. SO THIS.

SO WE ALWAYS HAVE.

SO THIS IS WHAT WE'RE AUTHORIZING TODAY, ARE THE FEES AND THE TUITION RATES.

BUT IF TIMES CERTAIN IF CIRCUMSTANCES CHANGE, WE CAN ABSOLUTELY DO SOMETHING DIFFERENT.

I WILL STAND BEHIND MY ANSWER THAT SAYS IF WE HAVE TO, WE WILL.

NOBODY KNOWS. SO OTHER DISCUSSION.

I SAID MY COMMENT AS WE I'M JUST LISTENING TO THIS CONVERSATION AND I JUST WANT TO NOTE THAT IF WE DO HAVE A FUTURE CONVERSATION SUCH AS THIS, THAT WE HAVE TO WE'RE GONNA HAVE TO GO BACK AND TAKE EVERYTHING INTO CONSIDERATION.

I THINK OUR CHANCELLORS AND TODD, YOU KNOW, A LOT OF FOLKS PUT A LOT OF TIME INTO ANALYZING THIS. THEY EVEN WENT BACK WHEN WE THOUGHT IT WAS TOO EARLY TO MAKE THIS DECISION. BUT IT I KNOW IT IT TOUCHES SO MUCH IN TERMS OF WHAT'S GOING TO HAPPEN.

SO I JUST WANT TO I JUST WANT TO MAKE SURE WE HEAR THE WHOLE ENTIRE PICTURE.

AND IF WE DO DO SOMETHING DIFFERENT IN THE FALL OR WHENEVER THAT WE LOOK AT THE IMPACT ON THE TOTAL PICTURE.

ANYBODY WOULD LIKE TO WEIGH IN.

I THINK WE'RE READY FOR A VOTE ON STUDENT FEES.

AND WOULD YOU LIKE TO DO A ROLL CALL ON THIS OR VOICE CALL? I'D LIKE A ROLL CALL VOTE, CHAIR GALLEGOS.

ROLL CALL IS FINE.

OK. BLESS YOU, WHOEVER THAT WAS.

REGENT CARSON. AYE.

REGENT GANAHL. NO. REGENT GRIEGO.

YES.

REGENT HILL. YES. REGENT KROLL.

YES. REGENT SHARKEY.

NO. REGENT SHOEMAKER.

YES.

REGENT SMITH. YES.

AND REGENT.

I'M SORRY. CHAIR GALLEGOS.

YES. THAT PASSES SEVEN TO TWO.

THANK YOU. OUR NEXT ITEM, LAST ITEM IS A VOTE ON COMPENSATION FOR THIS YEAR.

DO I HAVE A MOTION TO VOTE FOR COMPENSATION? MOVED. SO MOVE BY REGENT SMITH.

SECONDED. DO WE HAVE A SECOND? YEAH. SECOND, LINDA SHOEMAKER.

[01:20:02]

DISCUSSION. I JUST THROW IT OUT THERE PER MY CONSISTENT APPROACH TO COMPENSATION VOTES.

I WILL BE ABSTAINING.

THAT'S ALL. OK, YES.

SO GLENN THIS IS CHANCE.

I'M READING THE RESOLUTION, I WANT MAKE SURE I HAVE FULL CLARITY ON THIS.

SO THIS ALLOWS FOR INCREASES IN COMPENSATION TO EXISTING PERSONNEL ON MERIT, POTENTIALLY.

MOVING FORWARD, EVEN WHILE WE'RE IN THIS PANDEMIC CONTEXT, IS THAT CORRECT? RIGHT. SO THE.

SO THE MERIT POOL WILL BE ZERO.

AND SO, IF, FOR EXAMPLE, AN EMPLOYEE COMPENSATION, IF SOMEBODY NEEDS NEEDED TO INCREASE EMPLOYEE COMPENSATION TO RETAIN THE EMPLOYEE OR SOMETHING LIKE THAT, THERE WOULD STILL BE THE FLEXIBILITY TO DO SOMETHING LIKE THAT.

ANY OTHER. I HAVE A MOTION AND A SECOND HAVE BEEN MADE.

I JUST I HAVE A COMMON I'D LIKE TO ME, IT'S BEEN IT'S BEEN MOVED AND SECONDED.

SO I.

I WILL BE VOTING AGAINST THE COMPENSATION PACKAGE.

AND I THINK AT THIS TIME, GIVEN THE FINANCIAL CRISIS THAT CU IS UNDER AND ALL OF HIGHER EDUCATION AND OUR ECONOMY.

I WOULD VOTE NO FOR ANY COMPENSATION INCREASES.

AND THAT WOULD INCLUDE NOT ONLY ANY COMPENSATION INCREASES, BOTH FOR CURRENT EMPLOYEES AND FOR ANY NEW HIRES THAT WE BRING IN.

I THINK THAT COMPENSATION NEEDS TO REMAIN FLAT.

THANK YOU. REGENT SHARKEY.

ANYBODY ELSE THAT WOULD LIKE TO WEIGH IN? HEIDI. HAVE YOU BEEN WAITING IN LINE HERE? NO, I'M JUST LISTENING. OK.

THANK YOU. ANY ANYONE ELSE? CHANCE, DID YOU. DID YOU GET A FULL ANSWER ON THAT? YEAH, I THINK. I THINK SO, AND I THINK MY UNDERSTAND IS CONSISTENT WITH THAT OF REGENT SHARKEY AND WHAT SHE JUST DESCRIBED.

IN OTHER WORDS, THIS RESOLUTION'S PASSAGE ALLOWS FOR INCREASES ON COMPENSATION.

DOESN'T DEMAND IT.

BUT IT VERY WELL COULD HAPPEN IN THIS PANDEMIC CRISIS IF WE WERE TO PASS THIS.

SO I THINK THAT'S A CORRECT UNDERSTANDING.

LET ME KNOW IF I'M WRONG. OK.

AND REGENT HILL.

YOU KNOW, I MIGHT ADD THAT ONE THING, YOU KNOW, THE BOARD HAS DONE IN PREVIOUS ITERATIONS OF THE BOARD HAS DONE IS REQUEST FROM ADMINISTRATION INFORMATION ON ANY SALARY INCREASES THAT ARE GIVEN DURING SUCH TIMES.

I REMEMBER REGENT SHARKEY AND HER COLLEAGUES DID THAT YEARS AGO WHEN TUITION WAS INCREASED SIGNIFICANTLY TO JUST MAKE SURE THAT WE WERE NOTIFIED NOT DOING ANYTHING UNTOWARD. SO, OK, ARE THERE OTHER DISCUSSION? GLENN I JUST HAVE ONE COMMENT.

I JUST THINK DURING TIMES LIKE THIS, WHEN OUR WHEN WE ARE IN SUCH A CRITICAL SITUATION, HAVING THE FLEXIBILITY OF BEING ABLE TO SUPPORT OUR RECOMMENDATIONS FROM OUR CHANCELLORS OR OUR PRESIDENT NEEDS TO BE OPEN.

AND BECAUSE WE CAN'T AFFORD TO LOSE THE BEST AND THE BRIGHTEST AT THE UNIVERSITY TO DO THIS WORK. ANYONE ELSE? AT THIS POINT, WE'RE READY TO VOTE AND WE WILL HAVE A ROLL CALL VOTE.

REGENT CARSON.

AYE. REGENT GANAHL.

NO. REGENT GRIEGO.

YES.

REGENT HILL.

NO. REGENT KROLL, YOU'RE ABSTAINING.

ABSTAIN. REGENT SHARKEY.

NO. REGENT SHOEMAKER.

YES. REGENT SMITH.

YES. THEN CHAIR GALLEGOS.

YES. THAT PASSES FIVE TO THREE WITH ONE ABSTENTION.

OK, BEFORE WE ADJOURN, MY WIFE WOULD LIKE TO SAY HELLO TO EVERYBODY.

GOOD TO SEE YOU, DIANE.

YOU LOOK GREAT, DIANE.

THANKS FOR KEEPING GLENN YOU KNOW, HAPPY AND SAFE OVER THERE IN GRAND JUNCTION.

[01:25:01]

WE WE REALLY NEED HIM RUNNING THESE BOARD MEETINGS.

I KNOW HE'S BEEN BUSY, BUSY.

SHE SHE JUST SHE JUST CAME IN FROM OUTSIDE AND DIDN'T WASH YOUR HANDS AND SHE GOT HER ARM AROUND ME. SO I'M WORRIED RIGHT NOW.

YOU GET THOSE BEAUTIFUL ROSES TAKING CARE OF THE FAN.

OH, YEAH. THEY'RE THEY'RE STARTING TO BLOOM.

LAST WEEK THEY STARTED BLOOMING.

AND YOU HAVE THE MOST AMAZING ROSE GARDEN I'VE EVER SEEN.

THANK YOU. THAT'S BECAUSE OF ME, REGENT SHARKEY.

YEAH, I DON'T BELIEVE THAT FOR ONE SECOND.

I GOT A ROSE TREE THAT I GOT OUT HERE AND IT DOESN'T LOOK GOOD.

SO MAYBE I COULD CALL YOU GUYS LATER ON FACE TIME AND YOU CAN.

YEAH. I TURN IT OVER TO PRESIDENT KENNEDY FOR A MINUTE.

I DON'T KNOW IF HE HAS ANYTHING TO SAY.

I DON'T EVEN KNOW IF HE'S STILL ON THE CALL.

I AM STILL ON THE CALL.

I APPRECIATE IT. WE APPRECIATE EVERYBODY'S ENGAGEMENT AND LOOK FORWARD TO CONTINUING TO ENGAGE WITH YOU IN THE WEEKS AND MONTHS AHEAD.

AND AGAIN, APPRECIATE ALL THE HARD WORK AND INNOVATION THAT'S BEEN SHOWN THROUGHOUT THE UNIVERSITY BY OUR CLINICAL FACULTY, OUR FACULTY, STAFF, STUDENTS.

AND SO THANKS ALL FOR A GOOD MEETING TODAY.

WITHOUT A DOUBT. I WOULD ECHO THAT AND ALSO I THANK THE BOARD OF REGENTS FOR THEIR TIME AND A GREAT MEETING TODAY.

AND UNLESS SOMEBODY ELSE HAS A LAST SECOND COMMENT.

DO I HAVE A MOTION TO ADJOURN? MOVED.

SECOND.

SECONDED BY REGENT KROLL.

ALL IN FAVOR, SAY AYE.

AYE.

* This transcript was compiled from uncorrected Closed Captioning.