West Virginia University

The board meeting included the swearing in of new and re-appointed members and received reports from faculty representatives and the WVU Foundation regarding research expenditures, faculty compensation, and financial stewardship. The Board adopted amendments to its Operating Procedures and the President presented his report, covering personnel updates, preliminary enrollment numbers, ongoing campus facility projects, and strategic planning initiatives. Additionally, the Board approved a range of items under a consent agenda, including undergraduate and graduate fee waivers, changes to college names, new degree and certificate programs, various capital project financings and renovations, and county extension committee appointments.

The agenda for the Audit Committee meeting includes a financial report from the Vice President and Chief Financial Officer, an executive session covering legal and internal audit reports, and the discussion and potential approval of the proposed project plan for the upcoming fiscal year. The meeting also includes a planning session for future meetings.

The board meeting agenda covered a variety of reports and action items, including the appointment of a Nominating Committee, an Audit Committee report, and an annual report from the student representative. Information items included reviews of capital projects, legislative updates, a quarterly real estate report, and an interim financial reporting plan. The consent agenda featured approvals for committee appointments, tuition and fee proposals, new academic programs, facility expansion and renovation projects, property acquisitions, and institutional transition plans. The board also held an executive session to discuss a naming opportunity and the selection of a university president.

The committee agenda includes a session to discuss various strategic initiatives, including academic and administrative priorities, personnel matters, property management, corporate partnerships, and network security protocols. Additionally, the committee will deliberate on confidential strategic priorities regarding student enrollment and retention.

The meeting included a report by the Chief Financial Officer and a status update on the fiscal year 2008 financial statement audit provided by Deloitte & Touche. The committee also conducted a review of proposed changes to the Audit Committee Charter with the intent to provide a recommendation to the full board. Additionally, an executive session was held to discuss reports from the General Counsel and the Director of Internal Auditing, covering the internal audit office annual report, audit activities, and ethics line reports.