New FSU BOT meeting & Budget

https://trustees.fsu.edu/meetings/

http://learningforlife.capd.fsu.edu/bot/jun7_17.htm

Top 15 (or 16) for 4 year graduation rate.

Alumni giving from 17.4 to 19.5 percent

42,325 applications.  16% jump.  Best academic class in school history

Alumni Association has $3 Million Endowment

Great Give $348K  (over 50% from last year)

FSU Foundation  Last year of Raise the Torch Campaign (13 months) June 30 2018.  Fiscal Year 2017 $56 Million  Last year was $67 Million (year not over yet)

UF starting $3Billion Campaign.  USF is doing 13 year $1 Billion (FSU is 8).

Hit $125 Million by June 30.  North of $115 by mid may.

Went from $80-$90 million a year to a $125 million a year DSO for FSU.

Top 20 (1%) institutions received 27% of all higher ed gifts (lowest is IU at $326 million in one year)

Met 12 of 12 preeminence metrics

#4 in performance funding in SUS

New living learning for entrepreneurship

Interdisciplinary Med Science is 5 largest major now and growing

Friday Night Block Party 100% funded by IMG (FSU athletic partner). 

Currently 11th in IMG revenue

4th straight year at $4 million in athletic brand royalties

Don't love the vibes from research part....that's all I'll say there.  No BOT questions.

IRCB building, asking state to cover $44 million, gov vetoed the $8 million FSU wanted of that $44 Million this year.  Won't start building in fall.  Hurts STEM and COE. 

Talk of 'safe zones', bullying policing (green dot), etc.....

New dorms opening soon

Lots of focus on the IRCB veto

http://www.tallahassee.com/story/news/2017/06/08/fsu-trustees-approve-1-7-billion-operating-budget/379317001/


A large chunk of the $1.7 billion operating budget approved Wednesday by the Florida State University Board of Trustees will go toward boosting academic offerings, hiring top professors and providing student success services.

The new budget represents a 3.4 percent increase over last year’s budget, or $54 million. There will be no tuition increase.
The budget also includes more than $125 million in capital projects.
Also Wednesday, trustees re-elected to new two-year terms, Edward “Ed” Burr, chairman and Leslie Pantin, vice chairman.
How the money will be allocated is driven by the goals set forth in the university’s strategic plan and its push to become ranked among the country’s 25 best public universities by U.S. News & World Report.
This includes reducing class sizes, improving student-to-faculty ratio, expanding research opportunities and enhancing recruitment by providing scholarships and other means of financial assistance.
“It’s student-centric,” FSU President John Thrasher said following a marathon meeting at the Turnbull Center. “It’s about students, raising the quality of Florida State University, and hiring the best and brightest of faculty that we can find.”
The university expects to enroll about 6,400 freshmen for the fall.


Nearly 47 percent of the money is coming from the state of Florida, something FSU officials noted as a significant endorsement of the university’s performance. Once again, FSU has met all 12 of the metrics required by the Board of Governors.
In total, FSU received about $50.3 million in new funding from the state this year. That includes $20.8 million in preeminence funding; $11.7 million to recruit top professors; $9.4 million toward its graduate degree and excellence program and $1 million for the FAMU-FSU College of Engineering.
Capital projects included in the new budget includes:

• $39.5 million for the Earth, Ocean and Atmospheric Science Building;
• $7.5 million for the first phase of the Student Union expansion;
• $6.5 million for the Jim Moran School of Entrepreneurship;
• $2.3 million for a new scoreboard at Doak Campbell Stadium
• $2 million for the new Black Student Union building.

In other news, trustees also approved the university’s five-year capital improvement plan that will be submitted to the Board of Governors.
Included in FSU’s legislative request for 2018-19 is:

• $20 million in infrastructure improvements
• $13 million for the Earth, Ocean and Atmospheric Science Building
• $24 million for a new Research and Commercialization Building (This year’s request was vetoed by Gov. Rick Scott)
• $10 million each for the College of Business building and for STEAM teaching lab building.