The UVI Board of Trustees approved the remaining sections of the Faculty Policy Manual at its quarterly meeting Saturday on the St. Croix campus. Approved were the Process for Tenure and Professional Development Plans for Tenured Faculty, the Provisions of Summer Insurance, and the Grievance and Complaint Procedure, on which UVI faculty and administration had mutually agreed. All other sections of the Faculty Policy Manual were previously ratified and approved.
In his first meeting as chair, Alexander Moorhead welcomed three new Trustees - S. Donald Sussman, chairman of Trust Asset Management LLP, social sciences professor Aletha Bauman and Student Trustee Kevin Selkridge.
The UVI Board of Trustees passed a resolution amending the University's Fiscal Year 2009 Operating Budget to $48,622,224 from $51, 776,783. The Operating Budget was revised since the Fiscal Year 2009 V.I. Government appropriation of $35,000,000 is $4,218,859 less than the University's request of $39,218.859.
In other business, the Board ratified the appointments of three permanent members of the Foundation of the University of the Virgin Islands Board of Directors. UVI Board of Trustees Chair Alexander Moorhead, UVI President LaVerne E. Ragster and UVI Interim Vice President for Institutional Advancement Henry Smith will serve on the FUVI Board until March 2009. The UVI Board of Trustees also reappointed nine public members to the FUVI Board. Dr. Auguste E. Rimpel Jr. was appointed to replace Alexander Moorhead on the Research and Technology Park Board, and was also appointed to the University's Presidential Search Committee.
The Board passed a resolution acknowledging and thanking the U.S. Department of the Interior for its support of and partnership in the development of the UVI Sports and Fitness Center and the planned Wellness Center on UVI's St. Thomas campus.
Dr. Mary Ann LaFleur, director of the Office of Institutional Research and Planning, presented the Key Performance Indicators. The number of full-time faculty at UVI holding terminal degrees increased over last year, while the number of tenured faculty declined by 3 percent. Full-time faculty slightly increased, while the number of part-time faculty declined. UVI salaries compare favorably with national salaries at peer institutions for 2007, La Fleur said.
Annual giving increased 104 percent this year over last year, due in part to a rise in cash gifts and gifts-in-kind. Alumni contributions declined 17 percent. For the first time, 100 percent of UVI's Trustees contributed to the Annual Fund, increasing Trustee giving 37 percent.