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 / ULMAisha 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