Elevator version: Moffitt says the academic budget is sort of OK. Meanwhile Mullens is raking in the dough, and spending it just as quickly on whatever he wants. No talk of the long overdue Athletics Department contributions to UO’s academic mission.
Finance and Facilities Committee — September 8, 2016 10:00 am – September 8, 2016 [Materials] [Livestream]
Whoops, that’s the OSU Board’s Finance and Administration Committee. Here’s what I could put together for UO’s committee:
Convene – Call to order and roll call – Approval of June 2016 FFC minutes (Action) – Public comment
Lois Yoshishigi, classified staff from the business office. Comments on the Oregon Hall renovation. Her office works with student loan repayment, and will have to move. She is worried that the move will make it more difficult for students to work with them on repayment rescheduling, and that this will discourage students who need help to stay in college.
Chair Ross Kari thanks her for her comments and says they will be considered.
1. Quarterly and Year‐End Finance Report: Jamie Moffitt, Vice President for Finance and Administration/CFO
This is the one place where UO beats OSU. See page 3 of the UO materials for VPFA Jamie Moffitt’s summary of UO’s financial situation, followed by pages of detailed information.
Moffitt: Students are taking more credits, fund balance is up a little, the well is run-rate-even and should be for this coming year too.
2. Auxiliary Budget Review: Athletics: Rob Mullens, Director of Intercollegiate Athletics; Eric Roedl, Deputy Athletic Director
I’m no internal auditor sworn to follow the IIA’s Red Book & Code of Ethics, but if Rob Mullens’ and Eric Roedl’s “budget review” doesn’t raise some red flags with UO’s Chief Auditor, what will? Starts on page 9:
Moffitt introduces, explains that the committee has mostly talked about the E&G budget, will spend more on “auxiliary units” like the Ducks.
I’ve lost track of how many years, and how many auditors, UO’s Audit Office has gone through while saying it would someday audit athletics, or at least try “To gain an understanding of the athletics program in order to identify inherent risks ….”:
Mullens, who got a fat raise from the trustees last year, skims through the finances with a few pie charts. Makes his usual subtle pitch for another Autzen expansion. Are the trustees going to ask him any tough questions? Such as:
- Why are you charging the President’s office $500K for the Autzen skybox and basketball tickets?
- Why are UOs regular students still subsidizing the $2.5M Jock Box, given all your new revenue?
- What’s the new sneaker deal going to look like? Where are you going to spend that money?
- Are you ever going to start contributing to UO’s academic mission?
Ann Curry asks Mullens about UO’s ranking in NCAA’s bullshit Academic Progress Rate. Break this out for the revenue athletes. Mullens explains all the help that the Jock Box gives student-athletes to make sure they can stay eligible to play and earn money for him and the coaches.
Ross Kari notes the risks of revenue variation. Mullens admits football season ticket sales have fallen. Kari asks him if he has plans for cost cutting or revenue enhancement.
Lillis: Any progress in refinancing the Arena debt? Moffitt: As you know the deal was structured in a way that makes it very difficult to refinance. We’ve talked with a lot of bankers. We’re stuck with it. [Meaning the academic side is also stuck with the high interest rate on the $500K a year we’re paying for the chunk of land that Matt Court sits on. Thanks for all that, Kilkenny.]
3. Capital Construction & Planning
‐‐Oregon Hall Renovation (Action): Jamie Moffitt, Vice President for Finance and Administration/CFO
Moffitt: It’s complicated, we’re trying to handle all the disruption and moves as well as possible. [Striking that the Jocks have everything, while UO’s multi-cultural student services don’t have places for confidential student advising.]
‐‐Pacific Hall Renovation (Action): David Conover, Vice President for Research and Innovation; Bill Cresko, Professor and Associate Vice President for Research
[Cheryl and Allyn Ford have already donated $7M for this. Nice]
Conover: We need more space for more science faculty and labs. We want to renovate, create space for 14 labs, with undergrad, PhDs, post-docs etc.
Cresko: This building was originally science, gradually got taken over by AAA etc. We’re going to convert it back to science. Much cheaper and quicker than new construction, we’re already recruiting faculty for these labs.
4. UO Buildings – Energy Policies and Programs: Michael Harwood, Associate VP for Campus Planning and Facilities Management