Robert W. Levy

Chair

Marty J. Chabert

Vice Chair

Collis B. Temple III

Secretary

Joseph C. Rallo, Ph.D.

Commissioner of

Higher Education

BOARD OF REGENTS

P. O. Box 3677

Baton Rouge, LA70821-3677

Phone (225) 342-4253, FAX (225) 342-9318

Claudia H. Adley

Blake R. David

Randy L. Ewing

Thomas G. Henning

Richard A. Lipsey

Edward D. Markle

Charles R. McDonald

Darren G. Mire

Sonia A. Pérez

Wilbert D. Pryor

T. Jay Seale III

Jacqueline V. Wyatt

Adarian D. Williams, Student

The Board of Regents is an Equal Opportunity and ADA Employer

FINANCECOMMITTEE REPORT

Wednesday, March 21, 2018

The Finance Committee met on Wednesday, March 21, 2018, at 9:54 a.m. in the Claiborne Building, Louisiana Purchase Room, in Baton Rouge, Louisiana. Committee Chair Chabert called the meeting to order. The roll was called and a quorum was established.

The Board of Regents is an Equal Opportunity and ADA Employer

Committee Members PresentOther Board Members Present

Marty Chabert - ChairClaudia Adley

Blake David – Vice ChairThomas G Henning

Randy EwingRobert Levy

Edward MarkleCharles McDonald

Jay Seale, IIIDarren Mire

LCTCS Representative

LSU Representative

Southern Representative

UL System Representative

Committee Members AbsentGuest List

Richard LipseySee Attachment I

Wilbert Pryor

Collis Temple, III

Review and Acceptance of the FY 2018-19 Preliminary Funding Recommendation

Mr. Terrence Ginn, Deputy Commissioner for Finance and Administration, began his presentation by stating that the FY19 Executive Budget was presented with a $25.7M reduction to colleges, universities, specialized institutions and boards in order to balance to the estimated $994M SGF shortfall. The scholarship program of TOPS andthe need-based aid program of Go Grants were also reduced in the FY19 Executive Budget by $233.3M for TOPS and $13M for Go Grants.

Mr. Ginn added that once the final Fall 2017 and peer data is received in April, the outcomes-based funding formula models will be applied to the 2 and 4-year institutions.

He also added that the final distribution will be determined by the funds appropriated in the enrolled version of the appropriations bill (HB 1) and will be presented for approval at the June 2018 meeting.

Senior Staff recommends approval of the preliminary distribution which allocates available funding in accordance with the methodology listed above.

On motion of Regent Markle, seconded by Regent Ewing, the Finance Committee approved the preliminary distribution which allocates available funding in accordance with the methodology listed above.

Adjournment

On motion of Regent Ewing, seconded by Regent Markle, the Finance Committee meeting adjourned at 10:34 a.m.

Guest List

Committee and Board Meetings

Wednesday, March 21, 2018

Eric Pani / ULM
Aisha Mirza / LATTA
James W. Robinson / ALFS/LSUE
Janet Newhall / LSU
Azmy Ackley / ULL
Fabrice Leroy / ULL
Vickie Gentry / Northwestern
Tim Stamm / Delgado
Curtis Penrod / Northwestern
Lance Neal / LONI
Renee’ Robichaux / LSUE
Jeannine Kahn / UL System
Adrienne Fontenot / LCTCS
Johnette Magner / LA Tech
James H. Ammons / Southern
Stanton McNeely / LAICU

The Board of Regents is an Equal Opportunity and ADA Employer