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Agenda item no. 10: Economic Feasibility of L oAn ISSUE for THE UNIVERSITY OF ARKANSAS-SYSTEM

Chandra Robinson Program Coordinator, Institutional Finance. Agenda item no. 10: Economic Feasibility of L oAn ISSUE for THE UNIVERSITY OF ARKANSAS-SYSTEM. Relevant Information. College Savings Bond Revolving Loan Fund $500,000 for 10 years @ a rate not to exceed 0.22%

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Agenda item no. 10: Economic Feasibility of L oAn ISSUE for THE UNIVERSITY OF ARKANSAS-SYSTEM

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  1. Chandra Robinson Program Coordinator, Institutional Finance Agenda item no. 10:Economic Feasibility of LoAn ISSUE for THE UNIVERSITY OF ARKANSAS-SYSTEM

  2. Relevant Information • College Savings Bond Revolving Loan Fund • $500,000 for 10 years @ a rate not to exceed 0.22% • Educational and general purposes • Revenue Funding Source: Billing Revenue • Proceeds from the loan, along with reserves set aside for these projects, will be used for major repairs to the B. Alan Sugg Administration Building, including repair of the roof and replacement of weather damaged windows and doors

  3. Chandra Robinson Program Coordinator, Institutional Finance Agenda item no. 11:Economic Feasibility of BOND ISSUE for University OF Central Arkansas

  4. Relevant Information • $17.5 million for 30 years @ a rate not to exceed 5.75% • Auxiliary purposes • Revenue Funding Source: Housing Revenue • Proceeds will be used to fund the design and construction of Donaghey Hall

  5. Tara Smith Senior Associate Director, Institutional Finance Agenda item no. 12:Bond and loan feasibility updates

  6. Bond & Loan Feasibility Updates This update consists of the actual terms for bond and loan issues receiving AHECB approval that occurred from June 2013 through October 2014. • Report includes the actual date of bond/loan issue, amount of bond/loan issue and actual bond/loan terms for bond and loans approved during the reporting period.

  7. Tara Smith Senior Associate Director, Institutional Finance Agenda item no. 13:Maintenance Report

  8. Maintenance of New Facilities Report • The AHECB policy for maintenance of new facilities states that a report on the amount transferred to plant funds will be presented annually at the October AHECB meeting • Ensures all newly constructed or purchased facilities will have a source of funding for maintenance • Institutions seeking approval of a loan or a bond issue for the construction or purchase of a new facility must provide for the maintenance of that facility by transferring annually to plant funds Current rates: $2.50 per gross square foot for an educational and general facility $1.25 per gross square foot for an auxiliary facility • Report includes the status of the maintenance transfer for each new facility for which a loan or bond issue was approved for the construction or purchase of that facility

  9. Jake Eddington Program Specialist, Institutional Finance Agenda item no. 14:REPORT ON intercollegiate ATHLETIC REVENUES & EXPENDITURES

  10. Athletic Report • A.C.A. §6-62-106 directs AHECB to develop and establish uniform accounting standards and procedures for reporting revenues and expenditures. • Athletic revenues and expenditures for 2013-14 have been collected and compiled in summary report provided for you in the agenda book.

  11. Athletic Report • The 2013-14 Athletic actual expenditures for state-supported universities was $140.8 million and $530,403 for two-year colleges. • This represents a decreaseof 2.36 percent over 2012-13 • UAF (7.6%), UAM (6.7%) and NAC (7.2%) reported decreases in athletic expenditures. • Total Expenditures for Athletics should equal Total Revenues for Athletics unless there is excess athletic revenue for that year. • UAF and ATU had revenues greater than expenditures for FY2014.

  12. Revenues by Source

  13. Athletic Revenues by Source 2009-10 % of Athletic Revenues By Source 2013-14 for Universities

  14. Expenditures by Source

  15. Athletic Revenues by Source 2009-10 % of Athletic Expenditures By Source 2013-14 for Universities

  16. Cynthia Moten Associate Director, Academic Affairs Agenda item no. 15UNIVERSITY of arkansas-fort smith: Role and Scope changeMaster of science in healthcare administration

  17. UA-Fort Smith Role and Scope ChangeMaster of Science in Healthcare Administration • UAFS authorized to offer master’s-level degrees upon Coordinating Board approval of role and scope change. • Initial master’s degree in healthcare administration.

  18. Cynthia Moten Associate Director, Academic Affairs Agenda item no. 16UNIVERSITY of arkansasat Little Rock: texarkana center

  19. ACADEMIC COMMITTEEConsent Agenda ItemsAgenda Item No. 17: Institutional Certification Advisory Committee (ICAC) – ResolutionsAgenda Item No. 18 : Letters of NotificationAgenda Item No 19: Letters of Intent

  20. Agenda Item No. 17 Institutional Certification New ICAC Institutions and Representatives • The Chicago School of Professional Psychology - Sheetal Kale Los Angeles, California– 4 Degrees • Frontier Nursing University - Julie Marfell Hyden, Kentucky – 2 Degrees, 1 Certificate • Independence University - Alan Hansen Salt Lake City, Utah – 1 Degree Initial Degree Certifications 21 Colleges and Universities; 66 Programs -Baptist Health Schools Little Rock-Little Rock, Arkansas - 2 Degrees -Jefferson Regional Medical Center School of Nursing-Pine Bluff, Arkansas - 1 Degree

  21. Agenda Item No. 18 – Letters of NotificationAgenda Item No. 19 – Letters of Intent Letters of Notification • Programs approved by the ADHE Director with AHECB notification prior to implementation Letters of Intent • Notification of institutional plans to offer new programs or organizational units that require Coordinating Board approval

  22. AHECB Meeting October 31, 2014

  23. Shane Broadway Director Agency Overview

  24. Agency Updates • New Employee • Jonathan Coleman • Financial Aid

  25. SEARK – concurrent enrollment

  26. Challenge Scholarship &Lottery Updates

  27. MOU with Taiwan In an early morning transcontinental ceremony Oct. 7, the Arkansas Department of Higher Education signed a letter of memorandum with the Department of International and Cross-strait Education, Ministry of Education, Republic of China (Taiwan).

  28. Trustees Conference

  29. Shane Broadway Director Agenda item no. 5University of Arkansas SystemEstablishment of New Online Campus: eVersity

  30. eVersity • The administration and Board of Trustees of the UA System request official recognition of the eVersity which will offer degree programs by distance technology, in collaboration with existing UA institutions • eVersitywill be 100 percent online and all student services will be available in completely online formats • The first class of students would enroll in the eVersityFall 2015

  31. Agenda Item No. 6Program Deletions AHECB Meeting of October 31, 2014

  32. Rick Jenkins Associate Director, Planning and Accountability

  33. Program Deletions

  34. Program Deletions by Institution Type

  35. Program Deletions by Degree Level

  36. 4-Year Universities

  37. 2-Year Colleges

  38. Alana Boles Program Specialist, Academic Affairs Agenda item no. 7ICAC Annual Report

  39. ICAC Oversight Out-of State Postsecondary Institutions and For-Profit Institutions Institutions on Military Installations Establishment of New Institutions in Arkansas

  40. Institutions Certified under ICAC Rules 2012: 87 institutions 14 Arkansas campuses 2011: 48 Institutions 11 Arkansas campuses

  41. Institutions Certified under ICAC Rules 2013: 98 institutions 13 Arkansas campuses 90 institutions with programs delivered only through distance technology 6 institutions offering programs both on Arkansas campuses and delivered through distance technology 2 institutions offering programs only on Arkansas campuses

  42. Degrees Offered July 1, 2011 – June 30, 2012

  43. Degrees Offered July 1, 2012 – June 30, 2013

  44. Degrees Offered July 1, 2013 – June 30, 2014

  45. Business Criminal Justice Health Administration/Services Information Technology Nursing Organizational Leadership Psychology Common Degrees offered July 1, 2013 – June 30, 2014

  46. July 1, 2011 – June 30, 2012 Total Enrollment – 13,758 Online enrollment 8,832 Arkansas campus enrollment 4,926 Total Graduates – 1,788 Online graduates 1,163 Arkansas campus graduates 625 Student Enrollment and Graduates

  47. Total Enrollment – 14,943 Online enrollment 11,185 Arkansas campus enrollment 3,758 Total Graduates – 1,838 Online graduates 1,270 Arkansas campus graduates 568 Student Enrollment and Graduates July 1, 2012 – June 30, 2013

  48. Total Enrollment – 16,786 Online enrollment – 14,080 Arkansas campus enrollment – 2,706 Total Graduates – 1,800 Online graduates 1,231 Arkansas campus graduates 569 Student Enrollment and Graduates July 1, 2013 – June 30, 2014

  49. Graduates July 1, 2011 – June 30, 2012

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