UVI BOARD APPROVES NEW DEGREE TO MEET THE TERRITORY'S INFO TECH NEEDS
In the regular session of its quarterly meeting, the University of the Virgin Islands Board of Trustees approved a Bachelor of Business Administration degree in Information Systems and Technology, the fiscal year 2014 Operating Budget, a new Parking Policy and Traffic Regulation and funding for Reichhold Center renovations.
The Board approved a Bachelor of Business Administration in Information Systems and Technology degree with courses slated to begin in Spring 2014. The new degree is expected to produce graduates able to meet the information technology needs of the territory. Graduates of the program will leave UVI with technology certification and a portfolio of practical experience – senior year courses, Project Management I and II, will require students to provide technological solutions to local entities. Trustee Jennifer Nugent-Hill said the degree will cause “a big shift in the economic development strategy of this territory.”
The Board approved an operating budget for fiscal year 2014 consisting of revenues of $45,860,235, and expenditures and transfers of $45,456,354. The budget does not include the restoration of the eight percent salary cut, which went into law in 2011 and is set to expire in July. “Everything in this budget is contingent on what the central government does in regard to our appropriation,” said UVI President David Hall.
The new Parking Policy and Traffic regulation approved by the Board is expected to improve campus security, increase parking space efficiency and bring UVI in line with best practices at universities throughout the nation. Along with having designated parking for students, employees and visitors, the plan also calls for increased lighting and emergency “blue phones” in parking lots.
The Board also approved a resolution authorizing the use of $750,000 from the UVI Plant Fund to fund the Reichhold Center Renovation Project. The University matched $750,000 in funds already committed by the Reichhold Center Foundation to conduct urgent repairs identified in an assessment of the center in December.
The Board also approved:
· A resolution to transfer the Quasi-Endowment, National Guard Tuition Assistance Fund, Veterans Tuition Fund and seven annual scholarships to the Foundation for the University of the Virgin Islands for management and investment.
· A resolution to adopt changes to the University’s TIAA-CREF retirement plan to enhance opportunities for participating employees.
· An Acceptable Use Policy that: ensures the University and its stakeholders are protected from illegal or damaging actions by individuals through the use of the University’s electronic resources, and makes UVI stakeholders responsible for using electronic resources in an ethical and efficient way consistent with University policies and contracts, and territorial and federal laws.
· A list of institutional peers and aspirational peers.
· A resolution setting undergraduate and graduate tuition rates for St. Kitts and Nevis students under the terms of a Memorandum of Understanding at 1.75 times the UVI resident rate.
The Board also ratified action taken by the Board’s Executive Committee to approve easements for the Virgin Islands Next Generation Network on both campuses. Chairman Alexander A. Moorhead and Vice Chairman Henry C. Smock were reelected to another term. UVI’s Key Performance Indicators were also presented.