That's good. Hey, check. Check. One, two. Hey. Hey. That's up to you. Is the other My piece is five minutes, right? Um, if it's after three, maybe you can just put me to the end. Okay. And feel free if me
if I forget to go uh chair. Okay, it's green. There it is. Now it's working. Okay, good. If we could start finding our seats, that'd be great. I just had a whole everybody else. I think you're getting All right. was right here somewhere. There he is
right there. Yep. N good. I see her in the hallway. The meeting will come to order. Regent Chavez, we're looking at you. All right. What do we have? One, two, three, four, five, six, seven.
Great. Yeah, she's I I got her counted. So, the meeting will come to order. Regions and guests, we are also live streaming and recording our board meeting. Um I believe is Elliot up he is. And he's
slated to do the pledge if I recall right. So, Regent Regent Hood Yeah. Will you lead us in the pledge pledge of allegiance, please? I pledge allegiance to the flag of the
United States of America and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all. Thank you so much. And I'll tell you, I
did that from memory. Yeah. So the next order of business is uh the approval of the agenda for the June 4 and 5 board of regents meeting. Is there a motion? So moved. Can I make a motion? Sure. To that uh the proposed agenda be
amended to include a resolution regarding the June 1st attacks and boulders that I wish to propose. Great. And is there a second? Second. Okay. Seconded. I think Monta got in there a little sooner.
Um, just making sure I do this right. So, this is this motion is going to require a twothirds vote. Where's in attendance? Yep. Okay. Um, so let's just do a voice vote and I'll keep track and let her know as she comes
back. Um, where where is Effie? I don't know. I'm just going to start this way. Regent uh McNelte. Yes. Okay. Regent Chavez. Yes. Okay. Um, Regent Montter. Yes.
Regent Spiegel. Yes. Regent Vanrill. Yes. Regent James. I'm so sorry. I missed completely what this is about. Uh so the motion has been to agend to
agend agenda to include a resolution related to the attacks in Boulder. Yes. Okay. Thank you. Okay. James is yes and Renison is yes. Regent Hood's online though. Oh I'm sorry Elliot. Yes. Regent Hood also. Absolutely. Yes. Okay. Great.
Thank you so much. Thanks for suffering through this with me. Um, so that motion passes. Um, I want the this item added to the agenda and it needs to be placed before the consent agenda. So, let's go back to
the approval of the agenda as amended. There's a motion. I think Regent Chavez did that. I I move the agenda as amended. Oh, great. A second. I'll second. Okay. Re uh Regent Montter seconded that. Is there any discussion?
Seeing none, uh, we can do a roll call again. Fe, I can do that if you want. I'm getting good at it. Yeah. All right. Okay. Okay. This is to approve the agenda as amended. Regent Chavez. Hi.
Regent Hood. Hi. Regent James. Yes. Regent McNolte. Yes. Regent Montter. Yes. Regent Spiegel. Yes. Regent Vandrill. Yes. And Chair Renison. Yes. Thank you. Thank you. The motion passes. Um, today we will hear public comment
from those who have signed up. I think I have a sheet in here and there were two people who had signed up. Um, I don't know where my sheet went, but I do remember that uh Neil Fishman was up first. So, why don't you join us up here?
Welcome. Thank you. Good afternoon. I speak to you today as a CU alum, two two degrees, a fourth gener generation Colorado, president of the Rocky Mountain Equality Action Fund, and a gay man. I want to begin by acknowledging
Coach Bill McCartney's many contributions to CU football. But it's his off-field legacy I feel compelled to address, especially considering the efforts to erect a statue in his honor. As founder of PromiseKeepers and a fierce advocate for amendment two,
McCartney used his public platform and CU's name to promote a constitutional amendment that would have stripped LGBT Coloradoatans of basic legal protections. The campaign's tone led to
a national backlash and earned Colorado the nickname the hate state. McCartney's language calling homosexuality quote an abomination against Almighty God end quote deepened that harm. His later apology came too late
was circumstantial lacked accountability and failed to name the damage done. Fortunately, amendment two was ruled unconstitutional by the US Supreme Court. But the harm of his rhetoric persists. How we choose to address his legacy
reflects the CU systems culture. Statues are not n neutral. They are statements of who we uplift and what we stand for. That's why many Coloradoatans including CU alums, faculty, staff, donors, and
students have signed a petition opposing the statute even if privately funded. This isn't about erasing history. It's about telling the full story and refusing to ignore the pain his advocacy caused tens of thousands of
LGBTQ individuals. Regents, I urge you to lead with integrity and compassion and to find a more honest and inclusive way to recognize Coach McCartney's legacy, one that affirms the dignity of all members of the CU community. Thank you. Thank
you. Up next, we have Mark Lester. There we go. Welcome. Uh, thank you. It's a privilege to be able to speak to you today. Um, my name is Mark Lester. I'm a recent CU Boulder graduate and a proud gay man. I am also a proud alumni of the Golden Buffalo
Marching Band and I never missed a football game in my years at CU. Having witnessed the Buffalo's become a national phenomenon these last two years, I understand how powerful CU football is as a community unifier and a force for good. It's in this spirit that
I ask the board of regents to take action addressing the divisive proposed statue of coach Bill McCartney that is planned to be erected outside Folsam Field. This isn't about a political disagreement. It's about what coach McCartney said and did as a representative of the University of Colorado. It's about the fact that he
used his image as a leader of our football program to advocate for excluding lesbian, gay, and bisexual people from the Colorado Bill of Rights. This cannot and should not be forgotten, especially when one can still find those words in black and white in our state
constitution. A qualified apology for passing judgment, does not undo the harm that this advocacy has had on thousands of Coloradoatans. And although this project is privately funded, it will be on public property to be viewed by thousands of students, faculty, and
university supporters for decades to come. Many of whom were directly impacted by the discriminatory environment Coach McCartney fostered in Colorado. Now, we all know that bigotry against the LGBTQ plus community isn't a relic of the past. Transgender Americans
are facing vicious attacks on their ability to live in a free society every day. Civil rights, community resources, and social acceptance for all members of the LGBTQ plus community have also been severely undermined in the past few months. We are in a time of crisis, and
it is times like these that symbols, statements of who we are and what we value are more important than ever. I ask the board of regents to please consider alternatives to this plan that will not divide us, but bring us together and that will honor the humanity and dignity of every Colorado. Thank you very much. Thank you very
much. And I should have said earlier, but uh Chancellor Schwarz is online, so he's not sitting here, but I just wanted to let you know that he heard these as well. So, thank you. Thank you. Great. All right. The next order of business is the chair's report. That's me. Good
afternoon. I want to begin by recognizing the victims, the families, and the loved ones, and everyone who was impacted by the violent attack in Boulder on Sunday. The CU community strongly condemns this hateful act. We stand with and offer our support to those directly and indirectly affected
by this vicious attack. As you and all of us continue to process this violent crime, I urge you to lean on your community and those around you. CU offers resources on each of our campuses for those seeking help. I also want to recognize and thank the brave bystanders
who leapt into action and our first responders. We're incredibly grateful for everyone's quick action. We're happy to be here in Colorado Springs for a June board meeting. You'll recall that last year we decided as a board to hold at least one of our regular meetings each year in a location
separate from one of our campuses. And while we're not on the UCCCs campus today, UCCCs is such an intrinsic part of Colorado Springs and the entire southern Colorado region that I think we all feel very much at home. Speaking of UCCCS's ties to Southern
Colorado, the campus was featured prominently in a new publication, the Southern Colorado Business and Forum Digest. In addition to making the front page of the magazine's May issue, the campus is featured throughout the publication with numerous pieces highlighting UCCCs's innovation programs
and facilities, which are providing opportunity for students, employers, the state, and the nation. It's terrific and welldeserved coverage for UCCCs. And of course, the main highlight of May for UCCCs and our other three campuses
was spring commencement. Systemwide, CU conferred more than 14,800 degrees during spring commencement ceremonies. It's outstanding. As always, it was an honor and incredibly inspiring to help celebrate our newest graduates who will go on to make a difference in their
fields and their corners of the state, nation, and world. It was uh great fun, and I appreciate all the regents who were able to attend those commencements. Looking beyond CU for a moment, with our nation continuing to experience rapid change, much of which affects higher
education, I want to give a shout out to CU's federal and legal experts who continue to track, analyze, and keep us updated about potential impacts resulting from federal executive orders. And if you haven't read President Solomon's main newsletter, which is
available at president/cu.edu, uh I encourage you to do so. He shines a spotlight on the importance of federally funded research happening at universities across the US and at CU. As President Solomon points out, so much of this research is foundational to our daily lives, safety, and well-being, and
it's a huge part of keeping our nation competitive and a world leader. Finally, back here in Colorado, we're gearing up for our summer outreach tours where we visit communities across the state, meeting with Coloradoatans to hear directly from them, what they care about most, and how CU can serve them
better as we spread the word about our campuses. Starting next month, we'll be visiting communities on the western slope and in the St. Louis Valley. As Colorado's university, this work is so important, and I know the regents are looking forward to the upcoming tours. With that, I'm going to turn it over to
President Solomon. Thank you. So, I too would like to just uh uh say a couple things about the the attack in Boulder and that u the entire CU community has the victims in our in our
in our thoughts and we're and we are wish them and their them a speedy recovery and um we are holding them and their families and their loved ones close as they as they struggle with a very difficult time.
And um you know it's a it's a it's an extraordinary thing that something like that can happen in our world or in our country or in our home or in our state or in our hometown. And um it's a it's a it's a a horrible thing. And um and it's
important it's an important time for us to all just remember who we are and why we're here and to support one another. uh on a now turning the corner and
talking about something good. Um so now that we've graduated another over 14,000 people, it's a good it's a maybe a good time to be able to talk a little bit about outcomes for for our graduates and our alumni. And uh it's we we are so so
pleased to be able to celebrate the graduation of of those many people. And there are so many people out there who have degrees from from CU. And as you all know, I like a good slide or two. So I have a couple
slides that Amber is going to put up on the screen. So just a little bit. So So there's so much talk these days about the value of higher education and and what you get with a degree. Well, I wanted to take a minute to talk a little
bit about that. So what you see here on the screen are various program areas and the average earnings over the first 10 years of someone's professional life when they graduate from one one of these program areas. The the gold bar is the
average total loan upon graduation for students with with debt. uh over half of our students don't have any debt at all, but for those who do have debt, that's their average loan amount upon graduation in those program areas. The
blue bar is their annual loan payment. So this so what you really want is for the gray bar to be a lot bigger than the gold bar and the blue bar. And what you can see here is that on average about 5% of of annual student earnings
is needed to repay their student loans for students who do have loans. And um and what's really interesting on this slide is is um is who's expected to earn the most on average during that 10-year period, that first 10-year period. And it's the those folks on the top in the
social sciences. And um and and I think of one of those reasons is because those are often the folks who go on to pursue additional degrees or go to graduate school and um and or maybe go go to law school or or become a doctor, things like
that. Okay, next slide. So this speaks to that a little bit. Any history majors in here? All right, Todd Hagerty, are you a history major? Yeah, that's right. That's right. All right. There,
Mark Vanril. Anyway, so so this is the so this is new data from our latest alumni earnings survey and it shows what the average earnings are over that that period of time based upon uh program area and
degree and uh it's a really eyeopening slide I think because it I think it even even the philosophers all right uh seem to be doing all right with their degrees. And so so it it I think it's
really important to remember that uh that people do incredible things with with their degrees and they and they go on to do great things and it just reemphasizes the importance of comprehensive institutions and liberal arts education.
The next one, the other thing that we all talk about, but I just wanted to share a little bit of data, is that when you're when you graduate with a with a degree, you're much more likely to make more money, but you're also much more likely
to be employed. And so, it's really interesting as you can see, as earnings go up, the unemployment rate actually goes down. And so this just show shows that that while it might be different for for specific individuals, on average
the the more education you have, the more the more money you're going to earn and the more likely it is that you'll be employed. And the next one, and this shows the same kind of thing. So when you look at um earnings
by degree attainment, you can see what it looks like in Colorado at in the in the US and at CU. And so on average, a person with a with a bachelor's degree graduating from the University of
Colorado will earn close to $80,000 over that period of time. So, I just wanted to share a little bit of information about alumni and and earnings as we celebrate our newest round of graduates and as we acknowledge
and and celebrate the incredible value of higher education in Colorado and throughout our country. So, with that, I think that I will skip the rest of my stuff because I know that we're strapped for time and I'll ask the
chancellors to to give brief updates uh about what's going on on their campuses. And since we aren't at UCCCs, but we are in Colorado Springs, we'll start with Chancellor. Great. Thank you so much. Um, I also want to start with just a
moment of my sadness and the sadness of the Colorado Springs community as we reach out to our sister campus in Boulder and my heart goes out to all of the victims and their families and the first responders and the bystanders of that horrific uh violence in Boulder. Um, but I want
to switch gears to some happiness also and that is um really that we we're just in commencement season. We've just finished such a happy time on campus where we graduated 1,600 students. And I love these slides that President Solomon just showed because it shows the value
of of of CU and the value of getting a degree at CU. And it's just so exciting to see what our students do and how our great faculty and staff make that possible. Um, and the true perseverance of our students that um leads to those successes, President Solomon, that you
mentioned. Um, I do want to thank the board of regents for being in in Colorado Springs again. And of course, that's um because we've invited all of you to attend the Colorado Conference on Civic Discourse, which is being um hosted by UCCCs and our center for the study of government and the individuals.
So, thank you for the flexibility and for being in our house. again. Um so, um here in Colorado Springs, I do want to mention too that they I have a lot of um new names to introduce to everybody with new um leadership at UCCCs. I didn't get
a chance back in February because Ama took the lead um that day. But to introduce um Dr. Lynn Vidler, our new provost, as well as Dr. Robin Parent, our new vice chancellor of strategic initiatives and chief of staff. They both began their new roles in January
and we have people starting new roles July 1st at UCCCs and that is three uh deans. Um Joe Wearman um will be our new dean for our college of education. Uh William Wells um will be the new dean um
of our college of public service and I really want to thank Dr. John Codddle for serving as interim during this time. And then um Brett Emonson will be the new dean of College of Letters, Arts, and Sciences. And I also want to thank Connie Staley for serving as interim dean during this time. So, lots of new
faces, lots of new leadership, and we're excited about that. And it will um just continue to to to help UCCCs flourish in the ways that we have with the great um work that we've been doing. So, I'll pause there because I know we're short on time.
Thank you, Chancellor Christensen. Uh, thank you very much. And, uh, again, I want to echo the sympathies and, uh, the outpouring of support from the Denver community to our, uh, sister community in Boulder and our sister campus at CU Boulder for, uh, the
violence that occurred, uh, on Sunday. Um, we too have gone through commencement season. Uh we graduated 2200 students at my first commencement. It was uh a wonderful experience times two. We had two uh commencement
ceremonies. Uh and we were also really honored to honor uh Wilma Webb at that commen at the morning commencement ceremony for ex her extensive public service uh with an honorary uh degree. Uh I want to thank uh those regents and and other system level leaders who
attended our commencement ceremonies. It it uh it's wonderful to have you there celebrating the accomplishments uh of our students. Uh as UCCCS has done, we've hired a number of new executive leaders at CU Denver. Uh the first is
Tammy Euan who will be our new vice chancellor for marketing and communications. In fact, she started this week on June 1st. She comes to us from the same role at the University of Akran. Um Zen Dr. Zena Evans who is going to be our new vice chancellor for
strategic enrollment and student success. She will begin on July 1st. Uh she served in the equivalent role at University of Florida for a long period of time. Uh Dr. Karen Maringuel will be serving as our provost and executive
vice chancellor for academic affairs beginning uh July 28th. Um most recently she was the chief operating officer at the National Science Foundation. Uh previous to that she held a number of roles including acting provost uh dean
and of course faculty member at Portland State University. Um and on top of that we've hired a new dean of the college of uh architecture and planning uh Dr. David Riiffken who comes to us from uh the University of Florida. uh amongst
these four individuals uh they have um attributes and thoughts about higher ed that align with my own uh that we are in a sea change of of not only how higher ed needs to operate but in the ways that it needs to impact and serve its public service mission. Uh they uh are
incredibly innovative and entrepreneurial. uh not held back by the the standards of the past that that we've uh the norms that we've adhered to in higher ed and really thinking about uh how we uh have impact from workforce development to economic development to
community engagement through our academic and research activities. Um, and I am really pleased that all of these individuals have served in these types of roles previously, which should make my job a little easier in ramping
them up to serve our communities. The last thing I'll say is I think we really punched above our weight class uh in all four of the hires, which I'm thankful for as well. Uh the last thing that I'll mention is that um just last week we launched a
student success transformation initiative on our campus. Uh this was driven in part by a recent study that was done of our approaches to uh student success by the National Institute for Student Success at Georgia State University.
uh that institute has helped more than 50 other institutions in our country um transform their retention approaches to great effect and so I am really pleased uh that we had that assessment and that we've received their recommendations
um instead of waiting for fall we've begun right away in our own transformation activities and we've set four working groups uh that will develop actionable plans over summer uh into the fall pilots implement mented in spring and large-scale uh deployment of new
ideas in this space uh by fall of the next year. Uh we'll be focusing initially on four areas. The first is standardization of student advising. Uh this is where we need to bridge the academic and non-academic supports for our students. Our students are a single
individual. There's no reason to be breaking these pieces out. They need support across the entire spectrum. The second is our first year experiences. uh ensuring that we're helping students discern their major appropriately uh that they understand the career pathways that they could take based on major and
giving them the skills that they need to be successful in their following years in college. Uh the third is early action on uh student challenges. This is going to be a data cent data centered and predictive analytics um centered
activity where we are going to bring together data from many different systems and approaches and house them in a single resource that provides automatic um um notifications to faculty adviserss and the like to ensure that
students in need of support get that support maybe even before they realize they need it. Uh and the last one is uh uh focused on DFWI rates. Um these rates, if you don't know what this is, in uh core freshman sophomore year
classes, um there's a percentage of students that receive either a D, an F, withdraw from the course or receive an incomplete. And uh we have disparities in those rates across sections of a given course and across some of these baseline courses that are gateway
courses into the major. And so we're going to address those challenges. Uh by doing this uh we we're we will transform our uh retention and graduation rates on the CU Denver campus which is not only part of our public service mission to
our student base. Uh but it'll also help us solve our budgetary challenges. Thank you. Thank you. Thank you. And um before we go on to Chancellor Elellman, uh Chancellor had one one last thing she wanted to mention. Thank I was trying to speed
through my two minutes and cram as much in as possible. And I forgot to announce one other new person who's starting um July 1st, and that's our new vice chancellor, Roger Smith, and he's going to be the university advancement, communications, and engagement vice chancellor. So, I wanted to make sure I got that name out there, too, because
we're super excited to have all these new faces. So, thank you. Great. Thank you very much. Did you want to say something? Okay. And Chancellor Elellman, thank you, uh, President Solomon. Uh the Ancients campus uh certain aspects of it are doing very
well. Uh of our three main missions, education is strong. Uh both the quality and the quantity of our of our applications for the coming year are up. Uh and uh happily I I can say that the
two schools that have seen softness in recent years, the Colorado School of Public Health and the uh Skag School of Pharmacy have both uh seen increases in applications for next year uh that are actually pretty significant and that's
great news for us. Uh the the other schools are are uh as as normal um rather over overly subscribed in medicine, dentistry and and uh u nursing.
Um the clinical business is is growing at at its normal kind of 10 to 12% rate. So that that side of our our house is very strong and I think the new leadership of the school of medicine is
really promising uh in my mind some some critical changes in how we operate our clinical enterprise. uh the one area of our mission that is that is under assault I would say right now is our research mission which for us is a an
enor it's not only at the core intellectually of the of the base of the campus but it's also a critical economic engine for us with a uh last year almost $800 million in new research awards and
I and it's it's struggling um on the on the federal side the in our partnership ship with industry are growing and have grown at almost 25% a year and I see that continuing but from HHS and the NIH
uh the picture is is is cloudy at best and and clearly uh will present challenges for us going forward. Um we are currently not only receiving delayed payments from uh HHS right now to the tune of about $27
million that we would have normally received by now that has been held up. We do expect that we'll eventually get it. So it's uh it's uh but it's it's kind of a sign of of the uh uh of the the tenure or tempo or temperature of
Washington these days. And and I think uh the outlook for FY26 and 27 uh for a variety of reasons is is one of challenge and I think the hardest part for us is that there's no way to predict what the gravity of that challenge will
be. Um but we will figure it out uh and move forward. It does validate our strategy to uh to broaden our research uh uh portfolio. uh we have to learn to be less reliant on federal funding and
we are we are making major efforts to to do that um both in terms of entrepreneurship and working more uh more effectively with industry partners. So with that uh I'll conclude my report. Thank you. Okay. Thank you. And
Chancellor Schwarz, can you hear us? Yes, I can hear you. Can you hear me? Wait, we got we got some big head I was going to say I can't even adjust in the room right now. Maybe I'll turn my camera off. Um, so
first I do want to thank you, Chair Renison, President Solomon, and my fellow chancellors for your remarks related to the terrorist attack in Boulder on Sunday. Um, CU Boulder along with the entire Boulder community is of course shocked and saddened by the
attack. Um, we on campus express our deepest sympathy to all the victims of the attack, direct and indirect, who were, frankly, peacefully bringing attention to the plight of hostages still held in Gaza. We are very thankful to the Boulder first responders for their
efforts in caring for the victims and for the quick apprehension of the suspect. It's sad that we have to reaffirm this, but to be clear, hate, violence, anti-semitism have no place in our society, in Boulder, nor on our campus.
And I want to reaffirm our commitment to protecting our campus community against acts of hate and violence. We have a strong and important partnership also with the Boulder Police Department, and we will continue to support them in the aftermath of Sunday's attack.
Like my sister campuses, we um had a wonderful commencement this spring and I was truly joyful to experience my first CU Boulder commencement where we conferred a record of 10,138 degrees to more than 9,900
graduates. We also recognized several outstanding alumni and friends of the university with honorary degrees and university medals, including superfan Peggy Copam with the Chancellor's Impact Award and Chief Joseph American Horse with an honorary doctorate of humane
letters. It was truly a beautiful day at Folsam Field. In the past year, many people have told me about the weather at Boulder's graduation, and I'm not sure what they were referring to because it was an absolutely perfect day. Um and I want to thank the president, the regions
and the many folks from the system uh leadership team who also joined us and attended and made the celebration even more wonderful. In addition to commencement, I had the pleasure of attending five affinity group celebrations, three ROC commissioning ceremonies, and we proudly hosted CU
Boulder's first ever military honor court ceremony for graduating veterans. And I want to thank the regions who attended some of those events as well. This was a unique uh graduation and commencement for CU Boulder in that it
was also Provos Russ's last commencement. He will step down from that role next month after nearly 15 years of service in that role and a career at CU Boulder that began more than 30 years ago. As provos, he has navigated our academic mission through
wonderful times and through challenges. um and he is you know including of course CO 19 and our sudden pivot to remote learning. I'm a numbers person and sometimes it's the numbers that really uh can tell the story. So during
Russell's time as provost, our campus's total enrollment has grown from 32,252 students in the fall 2011 uh class or academic year um to 37,153 in 2023. So an increase of 15%
and of course even more growth this past year. Our sponsored research over that time has grown from $380.7 million to 742 million, an increase of 95%. Uh, and to me, the most staggering
number of all is that during his time as provost, we graduated 137,604 undergraduate students um during his tenure as provos. So, we show nothing but great appreciation for
Provos Russ Moore and we wish him the best of luck in his forthcoming well-deserved retirement. Um, now I would like to pivot to to what's coming next. Um, I'll make a couple of just quick snapshot numbers on
our anticipated fall enrollment. We had a record um number of applicants again this year for CU Boulder. We are focused on actually having a slightly smaller incoming class because we are um
anticipating increases in our retention. Uh so we are targeted just over 7,200 firstear students. Um we're expecting now between 7200 and 7,300. So we're basically right on target or maybe 1 to 2% higher. It's noteworthy that the
average high school gradepoint average of students applying and being admitted to Boulder has increased by 2.6% over the last three years, meaning that almost 50% of all applicants to CU Boulder this for this fall have grade points in high school of 4.0 or higher.
Of course, we won't have final enrollment figures until the September census, but we do anticipate um an increase in retention of continuing students as compared to last year as well. We will also be welcoming new
leadership. We announced last week the selection of Anne Huff Stevens as our new provost. Anne comes to us from the University of Texas Austin where she was previously dean of the college of liberal arts and a professor of economics um with expertise in poverty.
She before coming to UT Austin she was a faculty member at the University of California at Davis and she will begin in this role on July 15th and we are very excited to welcome her to campus. July 1st will also be the start date for our new dean of the school of education,
Amanda Hartling Tine, coming to us from Iowa State. And we also recently announced that July 1st will be the start date for Ashley Griffin as our new chief of police. Ash uh Chief Griffin is coincidentally also coming from the University of Texas Austin where she
served as assistant chief of police uh since January 2024. and this is the first time in almost seven years that we have had a new chief of police as well. We also anticipate additional leadership announcements, probably as soon as next week. Lastly, one last bit of good news.
Our campus fundraising goal for this fiscal year, uh, which will end at the end of this month, was $175 million. With about four weeks remaining, we have just crossed the $200 million mark. Um, and I just want to give a special shout
out to our outstanding advancement team. Um, I think this speaks to their hard work, the exciting directions at CU Boulder, and most importantly, the amazing commitment and passion that our alums and others have for CU Boulder. So, with that, thank you very much. And
please get me off that big screen, Madam Chair. Yes, Regent McNoli. Uh, Chancellor Sobony, a quick moment to thank you and your folks for the hospitality that you showed to me, Regent Montter, and Regent Vandrial uh, yesterday. I had the opportunity to go
out and visit with um, uh, the folks at UCCCs who are helping our veterans and active duty military navigate the higher ed experience. Uh, and also had a chance to to do an on-site visit at Fort Carson and visit with the folks out there that
we liazison with. Uh, a lot of stuff learned. Great visit. Uh, like I told you when you were walking in this morning. Uh, you thanked us for coming down there. I said, "You better watch out. There's going to be a bunch of things landing on your plate." So, uh, just be ready for that. Uh, Mr.
President, I wanted wanted to make sure that the other regents and you knew, uh, that we had a great time down there. And thank you, Chancellor, for setting that up. Great. All right. The next uh agenda item are the governance leaders reports.
Uh you each have five minutes for each report. Generally, we start off with the ICSF chair report. Adam or Alex Rads is not here today, however. But if you go online, you can see a written report available. So, we're going to move right to staff and council co-chairs Jana Hurt
and Kimberly Slavsky. Who's got the pleasure day? It looks like Kimberly. Great. Okay. Thank you to President Sullivan, Chair Renison, Vice Chair Monttera, regents and chancellors for the opportunity to share this time with you to discuss matters related to the staff
at CU. The following updates provide insights into the challenges we as shared governance have been hearing from staff since we last reported to you in April. Sorry, I have a typo. I didn't catch that. Okay, so uh the year in review and what comes next. It is now
June where we are putting a bow on another successful academic year. The month of May was full of awards and commit awards and commencement ceremonies. We were able to celebrate our students and their achievements before they will take what they have learned from us at our campuses and make life-changing advancements in the world.
Our on our campuses, we hosted year events and staff appreciation events to recognize our staff and what they do for the university to advance our mission. It brings a special benefit to us as shared governance leaders to cheer on our own colleagues. As the year winds down for us, we are saying goodbye to UCSC members who are stepping down from
their roles. With great appreciation, we would like to thank Cameron Brooks from CU Boulder, Shauna Johnson from University of Colorado, Colorado Springs, and Manuel Don De Leon Garcia Gars, excuse me, from CU Denver. We would also like to say thank you to
professor Norcross and president and now graduate Alex Radz for from ICSF for their support on shared governments this past year. We look forward to look to working with their new leadership next year. Now for the what comes next. When
we start again in July we will have new members from each campus as well as new members on the executive committee. Jana and myself we will continue to finish our two-year terms as co-chairs. Deian Barrett from the University of Colorado Cer Springs will continue as our vice chair. Jenna Owens from CU Boulder will
continue as our treasurer and Jen D'Angelo from the system office will continue as our parliamentarian. We will also have two new EC members. Natalie Schaper from Denver and will be our new secretary and Gwendelia from the system office will be our new communications officer. We are again going to have
representation from each of our campuses on the executive committee which gives a much deeper understanding and appreciation of what's important to staff on each campus. Our annual retreat will be this upcoming July. It just actually happens to be right after yours and where we'll be going to build the framework of how we are going to work
with our shared governance leaders to support our staff and the university. We are going to we are looking to make changes to support a workforce that has changed over time with different work environments so that everyone feels represented. We plan to expand our relationship even more with campus
councils and to a more and to include a more proactive repo report proactive approach words are hard instead of an after the-act recap. Even though we haven't decided on what exactly that'll look like we are already excited to get started. I know at the beginning of each
report we say thank you to the board of regents to President Solomon and to the chancellors for the opportunity to present to you at each meeting. Speaking for all of us not just on UCSC but on our campus councils and our partners. We greatly appreciate the opportunity this
affords to us to be able to present to have and to have a seat and that is now officially in regent policy to have our voices heard to have our thoughts and needs cared about and that is something that is very important and I would even venture to say unique. We are looking
forward to continuing this amazing opportunity. Now to a few other updates for campuses. Our staff excellence awards was held on April 25th of 2025 at the Lone Tree Golf Course. There were 225 unique nominations across the campuses and
there were two awardies from each campus. Uh we were thrilled to host President Solomon, Regent Frank McNelte, and Regent Elliot Hood who also gave our commen our keynote speech. We were also very excited to have Felicity O'Hara, uh Dr. Judy Diaz Bonist, and Danielle
Ratovich Piper join us. along with several members of leadership on each campus. Mark your calendars for the next year as we have penciled in April 24th, 2026 at the Lone Tree Golf Course. Here's some campus updates. Most of our actually all of our campuses have
done all their election processes. So, we're ramping up that Boulder. We've had staff appreciation events at Anhutes and at UCCCs. And that is oh the one last thing I wanted to bring up is that the Beam
program uh committee up in Boulder has purchased a free little library and are accepting book donations and since I'm an avid reader I want to deserve that in. So again thank you very much for your time and I'll have any if there's any questions I can answer them. Thank you so much. Thank you for the work both of you do. You're really appreciated.
Thank you. Questions? Okay, see none. So up next we have faculty council chair Alistister Norcross in person. I I think you'll find if you uh I've actually been in person more than online, but I appreciate the ribbing. Um
I I was planning to wear a tux, but when Justin told me he wasn't going to be here in person, I thought, all right, all right. I mean, I it was only so I could show him up. And you know anyway um so I I'd like to take this time to thank President Salomon, Chair Renison,
Vice Chair Montter, the regents and the chancellors, including any chancellors who aren't here in person, uh for the opportunity to share with you the current work of the CU faculty council. This will be my last report as faculty council chair. Um, I would like to say
that it's been an honor to represent the faculty of the university and to report to you, the regents, the president, and the chancellors. It's also been a pleasure to get to know you and to see the passion and the dedication that you all bring to serving the university and
the people of Colorado. I know that you are all tireless advocates for the students, staff and faculty of the university and I appreciate your work on our behalf particularly in these challenging times for our institution and for higher education in general. On
July 1st I will hand the reigns to Hoy Chavez. Let me introduce Hoy to you. Hoy is the incoming faculty council chair. Um so uh Hoy uh is a professor at CU Denver. Um, but I'm a glutton for punishment. So, I will take over as
chair of the Boulder Faculty Assembly. Just Just a year. Just a year. Okay. I am pleased to report that the lengthy process of revising the faculty senate constitution and bylaws, which has occupied the entirety of my two-year
term as faculty council chair, is now complete. The faculty senate and faculty council have approved all the amendments. I'm very grateful to Cindy O'Bryant, my predecessor as faculty council chair, who served in her capacity as immediate past chair as the
chair of the bylaws revisions committee. Although I will now assume that role chair of the bylaws revisions committee, I have been clever enough to take over at a time when there will be, I hope, very little work for that committee to do. Um, though we'll see. Speaking of
Cindy, I am also pleased to report that faculty council presented its annual awards at a special in-person meeting at the Grant Street offices last month in Denver. We honored both Cindy O'Bryant and Vicky Grove, who is not only stepping down as faculty council and BFA
secretary, but also taking well-deserved retirement with the faculty council distinguished service award. We also honored Anne Fleming, the faculty senate grievance committee administrator with the faculty council administrator of the year award. And so congratulations to
all three of them. The official work of the faculty council, it standing committees and of the campus assemblies and their standing committees has been completed uh for this academic year. But many of us continue to work closely with our campus leaders over the summer as we all
navigate challenges, most of them of external origin. The central missions of the University of Colorado, as of any university worthy of the name, are teaching, research, and service. Both to the people of our state and to the world as a whole. Teaching
involves far more than training our students to perform the tasks demanded of them by future employers. It involves nurturing and expanding the intellectual capacities of our students. A university is a place to have your mental horizons expanded, to have your worldview
challenged and even potentially altered rather than comfortably confirmed. It's a place where freedom of expression and academic freedom with all the rights and responsibilities that they bring are absolutely vital. We owe it to our
students, our state, and to the world to help them become engaged, critically reasoning citizens of wherever they choose to live. The same protections of academic freedom and freedom of expression are also vital to the research endeavors that our university
is rightly praised for. The pursuit of excellence in science, the humanities, the arts, the social sciences, engineering, business, law, medicine, and beyond requires the freedom to inquire and to teach without the fear of
external coercion and control. When ideology and dogma of whatever origin prescribes what can and cannot be investigated, written, or taught, humanity loses out. The church in the middle ages punished sometimes with death scientists who dared to challenge
the geocentric picture of the cosmos. Ma China punished intellectuals and the cultural revolution and sought to impose a rigid ideology through forced re-education. More recently in Europe, Erdogan in Turkey and Orban in Hungary have cracked down on universities and
forced many academics out of the field, some of whom I know personally and in some cases out of the country. It is a hallmark of authoritarian and repressive re regimes that universities are targeted and forced to comply with the dictates of rulers. Some subjects are
banned from the classroom either because their subject matter may challenge the worldview of those whose support the rulers rely on or may challenge the business interests of those whose financial backing is crucial to those rulers. Even history itself is purged of
uncomfortable or inconvenient episodes. While these attempts at repression sometimes succeed temporarily, truth has a way of forcing itself back into view eventually. I am proud to serve a university whose central commitment to free and open
inquiry is strong enough to withstand attempts to silence and deny truth. And I am proud of my colleagues steadfast and unwavering commitment to the pursuit of truth. Since I found myself in the habit of leaving you with a quotation
from a far more elegant thinker than myself, I will close with two quotations from my favorite philosopher, John Stewart Mill. Both from the most important piece of political philosophy of the last two centuries on
liberty. Here's the first quote. In this age, the mere example of nonconformity, the mere refusal to bend the knee to custom is itself a service precisely because the tyranny of opinion is such
as to make eccentricity a reproach. It is desirable in order to break through that tyranny that people should be eccentric. Eccentricity has always abounded when and where strength of character has abounded. And the amount of eccentricity
in a society has generally been proportional to the amount of genius, mental vigor, and moral courage which it contained. That so few now dare to be eccentric marks the chief danger of the time. He was writing in the 19th
century. Second quote, the peculiar evil of silencing the expression of an opinion is that it is robbing the human race. Posterity as well as the existing generation. Those who dissent from the opinion still more than those who hold
it. If the opinion is right, they are deprived of the opportunity of exchanging error for truth. And if wrong, they lose what is almost as great a benefit, the clearer perception and livelier impression of truth produced by
its collision with error. Thank you. Thank you. Thank you, Alistair. I appreciate you. And I also just want to say welcome to Jorge who is in the back. Um I've known Jorge a long time. He was an excellent student. He's
been a great professor. I was thrilled when he joined UCD and I know he's going to do an outstanding job in your new role. So, welcome. Great. Uh I want to um we have two governance. I've been a comment forever. Where are who's saying
that? That's just Oh, Justin. Where where's the voice? Yes. Yes. Justin without my face being shown. I just want to um on behalf of Calder Alistair for his service in this role this past year. I know is a a new chancellor. his partnership on many things has been very
valuable and greatly appreciated. I also appreciate his willingness to take on the the BFA leadership role this coming academic year and do anticipate him wearing his tuxedo when I visit BFA at one of their meetings. Thank you. And that is the perfect segue into our next
action item. We have a resolution of appreciation for outgoing ICSF chair Alex Rads. Regent James resolution of appreciation for Alex Rads. Whereas President Alex Rads served as the 2024 2025 chair of the
intercampus student forum IC ICSF and as CU Boulder Triexec representing over 60,000 students across the University of Colorado system at meetings of the board of regents. Oops. um and in key decision-making bodies.
Whereas, Alex demonstrated an unwavering commitment to amplify student voices at the highest levels of the university at university governance, ensuring that perspectives and lived experiences of students remained central to the board of regions discussions. Whereas throughout his tenure, Alex worked diligently to build durable democratic
structures that invited more students into the civic process, empowering students not only to be heard, but to be active, but to actively shape the policies that govern their lives and learning environments. Whereas under Alex's leadership, IC ICSF strengthened its role um
strengthened its role as a platform for students for student unity across campuses and Alex consistently challenged Alex consistently championed meaningful student participation and shared governance. Whereas Alex played a key role, a cle a key leadership role in
the successful pack passage of the Colorado House Bill 25 uh 1004 uh title concerning pricing coordination by landlords. A groundbreaking bill in the a groundbreaking a groundbreaking bill
in Colorado that curbs unfair pricing un that curbs unfair price fixing and helps lower rents. AC lower rents costs for students statewide. Whereas on the federal level, Alex was a fierce advocate for reducing preventable
overdosing deaths and increasing access to life-saving emergency life-saving emergency medications like Narcan on college campuses, helping shift the national conversation toward harm reduction and student safety. Whereas within CU Boulder's uh CUS SG
finance board, Alex demonstrated thoughtfulness and fiscal responsibility in the allocation of over $35 million in student fees, ensuring that funding decisions reflected the needs, values, and aspirations of the student body. Whereas his leadership was marked not
only by personal accomplishments but by a deep belief in shared power, bringing new voices, empowering emerging leaders, encouraging disagreement, encouraging dis I'm sorry, encouraging disagreements as a tool for growth and creating space for students across the campus to
participate in campus democracy. Now therefore, be it resolved that the board of regents of the University of Colorado expresses its sincere appreciation to President Alex Radz for his exceptional service, bold advocacy, and enduring impact on the University of Colorado
system and the state of Colorado. Be it further resolved that the board of regents extends best wishes to President Alex Ratitz for continued success as he carries forward his commitment to public service, social justice, and inclusive leadership. hereby adopted by the
University of Colorado Board of Regents on June 4th, 2025. Thank you. Is there any discussion on this? All right, seeing none, is there a motion to adopt this resolution? Moved by Regent Spiegel, seconded by Regent
Chavez. Um, all in favor say I. I. I. Any nays? Seeing none, the motion passes. Thank you everyone and thank you Alex. Next up, a resolution of appreciation for outgoing faculty council chair Alistister Norcross. Uh Regent Vandrill,
turn it over to you. Thank you, Madam Chair. Before I read this, I just want to say that it has been wonderful having you with us despite your love for utilitarian philosophy. Um, though I will say that On Liberty is
delightful and I enjoyed trying to get my students to understand it for years before giving up and deciding that I was going to leave that to their philosophy professors. But with that said, whereas Professor Alistair Norcross demonstrated
thoughtful, dedicated, and inclusive leadership in his role as chair of the University of Colorado Faculty Council from 2023 to 2025. Whereas Alistister fostered a culture of respect and empowerment for all voices in faculty council. Whereas Alistair was a
consistent and strong advocate for academic freedom and to ensure that faculty could continue to teach and conduct research to allow for the open investigation of ideas and the advancement of knowledge. Whereas during his time as chair, Alistister oversaw the revisions to the constitution of the
faculty senate and the bylaws of the faculty council. Whereas Alistair approached his role as faculty council chair with a sincere commitment to the well-being and progress of the entire University of Colorado community, including faculty, staff, students, and university
leadership. Whereas Alistair demonstrated a sincere commitment to issues of diversity, equity, and inclusion as they relate to faculty and faculty governance across the CU system. Whereas Alistair maintained an open and collaborative relationship between the faculty council and the university
administration. Now therefore be it resolved that the university that the board of regents of the University of Colorado expresses its appreciation to Dr. Alistister Norcross for his dedication, advocacy, and service to the University of Colorado community and to the state of Colorado.
And be it further resolved that the board of regents extends its best wishes to Dr. Norcross for his continued success in all future endeavors. Hereby adopted by the regents June 4th, 2025. Great. Thank you. Is there any discussion? Yes,
Regent Spiegel. Great. Thank you, Chair Renison. And I I just want to echo Professor Norcross. It has been such a pleasure working with you the past two years as chair of governance. Um we we've had the opportunity to work together on countless policies that I I would like
to think truly do improve the the lives of our students, our faculty, our our staff, and everyone. And I really appreciate the the collaborative nature that you and um the faculty have have brought to that. We've made we've made a lot of changes in the way we do that and you you have led that with with with
grace and and charm and um I I can't tell you how much I appreciate that and um how much I've enjoyed working with you. So, thank you for your insights and and all the work that you've done. All right. Thank you, Regent Chavez. And then we've got Regent Mona. Thank you, Madam Chair. I just want to thank you
for your service to the system but in addition to the campus that you're going to continue the work of the faculty council is so important to us and that voice is imperative when we make decisions. So, I want to say thank you
for for that. And I I I want to ask uh Jorge to stand up again. And I'd like to welcome him into this new role as um and I want to apologize because your last name is Chavez. You work on the CU Denver campus and we're obviously
spitting images of each other. So, except for the follically dominant characteristics. Um, if I can be of help and assistance, please let me know. I think I think he has something to share with you.
You should see mine in a bun. Thank you, Madam Chair. Great. Additional Monta Alistair, I just want to tell you how much I've appreciated getting to know you. Um, I really appreciate your dry and oftentimes irreverent wit. I think it's added a lot
to some of our conversations, but really probably what put me over the edge was getting a chance to meet your lovely spouse when we were in uh San Antonio for the Elmo Bowl and she tipped the cards in your favor, I have to tell you. So, she she well, she's with me. She you'll see her this evening together.
Anyway, Alistair, best of luck, and thank you for your service. Great. President Solomon, thank you. I just wanted to thank you for your great partnership and collaboration over over your over during your time of service. We you always um represent faculty well
and you bring issues to the table and we have great conversations and um and I really appreciate the perspectives that you that you've brought and you you you do have that eccentric thing going on. So, um, so I'd say you're delivering on
that and, um, and and making the world better for it. So, thank you for all that you do. Thank you. All right. Is there a motion to adopt the resolution? Whoa, there it is. Okay. Moved by Regent Ben, seconded by Regent Spiegel. All in favor, please
say I. I. I. I. Any opposed? I didn't think so. The motion passes. Great. We we have an additional action item that's not reflected on the agenda, but it's per our amended agenda, and this is a resolution condemning the June 1st
attacks in Boulder. I'm going to turn this over to Regent Spiegel. Great. Thank you, Chair Renison. And I'm going to go ahead and read um the the resolution that FE has has put up um for the the public to see. Um, the statement of information reads, "On June 1st,
2025, a horrific attack on the Pearl Street Mall in Boulder injured 12 participants in a peaceful vigil supporting Israeli hostages. This unprovoked violent act specifically targeted the Jewish community, reflecting a broader and very troubling
escalation of anti-semitism in the broader community. As an institution of higher learning where we prize each individual's freedom to pursue their chosen path, we must speak clearly and with one voice that anti-semitic violence should not and will not be
tolerated in our communities, in our state, and in our nation. Anti-semitism and other forms of discrimination have no place at the University of Colorado, and the Board of Regents is committed to ensuring it remains welcoming to all
people. To this end, the board of regents adopted a resolution condemning anti-semitism and all other forms of discrimination on June 20th, 2024. Further consistent with regent lawn
policy, the University of Colorado has a non-discrimination policy APS 5065 designed to ensure equal access to academic and professional experiences at CU, including for our Jewish students,
staff, faculty, and visitors. This resolution and this policy are a clear statement of CU's commitment to safeguarding the dignity and rights of all of our community members. The following is the recommended action. Resolved that the board of regents
condemns the June 1st, 2025 attack in Boulder, Colorado. Resolved. We wish a speedy recovery to the survivors of the attack and their families. resolved that the board of regents wishes to express its appreciation for
the prompt response to the attack in Boulder by law enforcement, other first responders, and good Samaritans who selflessly inserted themselves into harm's way, ensuring the victims of this attack survived and no additional
community members were injured. Resolve that the board of regents condemns anti-semitism and all forms of discrimination. resolve that the board of regents stands in solidarity with all University of Colorado students, staff and faculty, as
well as the Jewish community, the Boulder community, and all Coloradoatans who deserve to learn, work, and live in a safe and welcoming environment. Thank you. Great. Thank you. Is there any discussion? Regent McNolte. Thank you,
Madam Chair. Thank you, Regent Spiegel, for bringing this resolution. Um it it it really is a sad state of affairs that this is something that we need to address. Um it is important that we do so and uh
to do so in a strong voice. This type of thing is not acceptable. Um it is um it is impossible for me to put myself in the position of those who were attacked and um it is it is my hope that
that these things become more and more rare and uh I'm grateful that uh we have the opportunity to stand against it. Thank you Regent Spagle. Thank you. Additional discussion. All right. Seeing none, is there a motion to adopt? So moved. So
move is moved by Regent Renison and seconded by Regent Monter. All in favor, please say I. I. I. Any opposed? Seeing none, the motion passes. Thank you very much.
All right. The next order of business is the approval of the amended consent agenda. The entire consent agenda is listed in community. Is there a motion to approve the items on the consent agenda? So move. Moved by Regent Chavez. I believe seconded by Regent Vandrill.
Any discussion? Seeing none, all in favor, please say I. I. I. I. Any opposed? Seeing none, the motion passes. Next order of business is the report from the University Affairs
Committee, Committee Chair Mark Vanrill. Thank you, Madam Chair. The University Affairs Committee met on May 20th with Regents Vandrill and Hood present. Chair Renison had appointed Regent McNelte to the committee on a temporary basis because we knew our other members would not be present. So M Regent McNoli was there as well. We heard proposals for a
number of degree programs including a bachelor of socials work from CU Denver, an executive MBA program in aviation management from CU Denver, an MA in landscape architecture from CU Denver, an MA in cultural heritage and environmental resource management at UCCCs, 12 Bachelor of Science degrees
from CU Boulder, all of which replace or supplement Bachelor of Arts degrees from the same departments. All of these programs above were approved on consent moments ago. I want to emphasize the executive MBA program. This is an innovative
uh program. It's working incredibly close with industry partners and leaders from across the state and region. It is pioneering and hopefully is going to be real transformative. We then heard a proposal from CU Boulder for two new degrees, a professional masters in sustainable
business and a professional masters in sustainable engineering. The committee recommended these to the board and we will hear further about them in a couple of minutes. We heard a presentation on student life with representatives from our four campuses. My thanks to Jan Gioni, Geneia H. Hearnden, David
Faringer, DeAndre Mo, and Erica Randall. My apologies to anyone whose names I pronounced correctly. And finally, we heard good news from the campuses. As we are not on any of the campuses, I will leave that good news as a mystery except to say that if you want to hear it at our next meeting, you can join us on
September 2nd at 12:30 p.m. online. Thank you, Madam Chair. Thank you, Madam Chair. Uh, yes, Regent McNoli. Uh, Regent Vandriel, based on my visit to university affairs, I did give you guys a positive review on Trip Advisor. So, we really do appreciate you, Regent
McMulty. Thank you. Great. Thank you. Five star. All right. So we have an action item then and it's going to be uh an approval possibly of professional MS in sustainable business and professional MS in sustainable
engineering at the University of Colorado Boulder. Scott Adler, dean and vice provost for graduate education and cath uh Katherine Edgurt, vice chancellor and senior vice provost for academic planning. Um there will be a presentation so appreciate that. Thank
you. Afternoon. Afternoon everyone. Thanks for having us. Uh, President Solomon, uh, Chair Renison and the entire, uh, board of, uh, regents. Um, I'm Scott Adler. I'm the vice provost for graduate
affairs and dean of the graduate school at the University of Colorado Boulder. I'm here, of course, with Katherine Edgert, who's the vice chancellor and senior vice provost for academic planning and assessment. We're here to present our two um new degree proposals for sustainable
business, MS in sustainable business and MS in sustainable engineering. We're very excited about these two new interdisciplinary graduate degrees uh which assuming approval would begin enrolling students in the fall of 2026.
Um, we're seeing many degrees like this emerge at peer institutions, but few others have the global reputation as a leader in sustainability research um, uh, and education like CU Boulder
and I think we should be taking advantage of that to broaden our degree offerings. Um these two new degrees will blend curriculum from drawing from outstanding educational offerings in three different
colleges. Um as I'm sure you're aware the job market and and demands of the future workforce are changing and these two two degrees are meant to meet those new demands. Sustainability related jobs
have grown dramatically in the last few years, far outpacing the growth of the overall job market. And we are seeing the demands for workers with green skills will surpass the supply of such workers as soon as next year in
2026. For example, in the area of global finance, there's been a surge in environmental, social, and governance investing. By 2030, ESG assets are projected to constitute more than 25% of
the total global assets under management. Yeah. In particular, there are needs for individuals with skills in specific areas such as sustainability business and operations management and sustainability engineering and technical
training along with additional u needs for general green skills such as scientific knowledge and advancement and monitoring and compliance. And both of those skills plan to be folded into
these degree offerings through that interdisciplinary curriculum. Of course, our hope is to provide. Is there more? Is there no go forward forward? Not working.
Is there Yeah, there. And of course they'll be uh aiming at some very new and emerging uh jobs such in as environmental remediation engineering um sustainable finance analysts and other
jobs that are growing in our uh state and um global marketplace. Turn So I am here to quickly describe the curriculum. This is these degrees are innovative not only in their focus but
in the fact that they are interrelated. Uh there is considerable sharing of experience for students between these two degree programs. They're also innovative in the fact that this is an very intensive
uh set of degree programs. They will take place in a cohort model over 10 months. Students will begin actually at the end of the summer. They'll have uh the opportunity to catch up in their skills in uh programming and data
analysis if needed. uh and all students will be required to take a an introductory one credit course on um presentational skills. Then in the fall semester they will commence an
integrated set of core classes. So whether they are in the MS in business or MS in sustainable engineering they will take a shared set of classes I'll talk more about in a second. Then in the spring semester they move on to
electives in their chosen field either business or engineering. They will also however that semester be taking another shared experience that uh will be a capstone course where they will build team projects across both degree
programs. So uh these that the interdisciplinary experience is not just on paper for a bunch of courses. It's for the way the students will be working with each other and with faculty moving
ahead. Uh so uh I won't go over this in detail but there are shared competencies then across both degrees in project management, communications, data analysis and so forth that both programs will be
delivering in an integrated fashion. And they will be doing this, pardon my ineptitude with clickers, uh not only with faculty from the lead school of business and from the college of engineering and applied science, but also with faculty from arts and sciences
who will bring their specialty specifically in government and public policy and on the science behind uh sustainability disciplines. So in an integrated fashion, the
students will be learning together across all of these fields. Here are some samples of the elective courses then that students will move to in the spring semester. So the students in business have a number uh to
choose from as do the students in engineering which should be the next slide. There we go. So again an innovative curriculum that links the students together in
teamwork as well as develops their expertise in their chosen degree program. I'll turn things back to Scott to talk about careers. Okay. Okay. Well, I'll talk
about careers. Uh there are a there are many uh that students can aim for. You'll see on the right hand of this slide, this is about the the MS in sustainability uh sustainable business. But on the right hand of the slide are those core competencies that will be
shared across programs. Uh so all the students will have those and then uh many different kinds of career buckets in business including finance, marketing, operations, management, products and strategy. Similarly in
engineering we have those common competencies but a number of career opportunities in multiple engineering fields civil chemical and biological mechanical and electrical. So we believe
that these programs will be attractive to students coming from many undergraduate degrees who wish to develop their uh competencies further in uh to to enter a higher level degree than they could with just a bachelor's
degree. Uh these are not designed to be big programs. Um they are uh luckily also designed to be incredibly financially efficient. uh most of the classes are already being offered. We
will not be hiring new faculty. We have uh the resources and the faculty to develop a small set of new courses for those core uh shared core uh classes. Um we will not be hiring new faculty for
that. Uh should these degrees take off and be vastly popular, we would be thrilled. And in that case, we would be looking at at at hiring new faculty. But our professional master's degrees are financially self-sufficient. In fact,
they are designed to turn a profit. And so it would only be in the case of inc of increased profitability uh through more students than expected that we would be hiring new faculty. That's our presentation and we're happy to take
questions. Questions? Anyone? Questions? Anyone? All right, seeing none, is there a motion to approve the professional MS degrees in sustainable business and sustainable engineering at CU Boulder? So moved. Thank you. It is moved by Regent Vandrill and seconded by
Regent Chavez. Any additional discussion? Everybody looks good. Okay. All in favor, please say I. I. Any opposed? That is a yes on a no, right? You are opposed. Okay. Thank you. All right.
Great. Um, the motion does pass. So, thank you everybody. Thank you very much for your time. Great. All right. Governance committee discussion and action ite are up next. Um, I'll turn it over to Chair Spiegel.
Great. Thank you, Chair Renison. And, uh, the governance committee met on May 15th. In attendance were myself, Regent McNolte, Regent Hood, and Regent Scott. We spent quite a bit of time discussing the development of our work plan for the next academic year which will be
presented to the governance committee meeting in August um and how we work in conjunction with Dan Montes and the law and policy review and their five-year review process. And just I'm using this as an opportunity to remind people this is you know a great time to give input
and feedback into what goes into our work plan and what policies we're going to be working on for next year. We spent quite a bit of time discussing our regent retreat that is coming up in July, July 14th to the 16th. Once again, we'll be at Lone Rock um in Bali. Um and
the logistics have been finalized for a while and I've had a lot of conversation about um the detailed agenda for um the event and really looking forward to some great um conversations at the retreat and lots of time for us to to really talk and be together and talk about the the future direction of the university.
Um the majority of action items and law and policies um we just passed on the consent agenda and you can see all those in the the minutes that are in board docs are on the consent agenda and um we just passed many of those. I just would like to bring attention to one of them because I really want to thank
administration and the campuses for working over the um past few years to try and implement a policy based on something that's called KD save, which allows students to choose a designated advocate or somebody they can trust to make sure they get um resources. It was on the consent agenda today as part of
policy 7B, our standards of conduct that now um kind of expands the requirement of campuses to permit students to be assisted by an adviser of their choosing for conduct um proceedings. And it's really meant to promote student well-being during administrative conflicts, protect students mental
health, provide additional due process, and prevent suicide. and really just want to thank all the people who gave input over the past couple years and and the committee as well for get getting that to a place. But just wanted to highlight that um you know that that was on the consent agenda. All of the other
ones you can you can see there um uh in community and on online. Um, once again, we got uh additional information about um uh transparency and feedback on laws and policies and how we're making sure to get feedback from from different groups and how we're able to review and
incorporate that feedback into any policy decisions and appreciate the overview provided on the current procedures and additional strategies to make sure that the board of regents remains informed about the input received. um discussion item, great
discussion item. And once again, also want to thank um Effie and her staff and Ryan Allard, a bunch of people for helping put together information about how the board can really also engage with um other um peer institutions and other governing boards and um really working on continuing those partnerships
um for the initiative to be able to have um you know really um high impact selected engagement um with other governing boards. And the next governance committee meeting will be on August 28th at 9:00 a.m. Great. Thank
you very much, Chair. Uh, yes, Regent McNelte. Thank you. Thank you. Um, Regent Spiegel on the governing board engagement. Um, the conversation that we had in governance committee is this is going to require regions to spend time
on it. If we're going to ask our folks to put together these opportunities and to make demands on times of members of other governing boards, then we need to be able to commit to to being there and to participating. Uh there were a lot of nodding heads amongst the regions on
governance committee. Um but do want to make our colleagues on the board aware that this is something that um unless we're told differently, we intend to pursue. Uh, and I don't see
any heads going the other direction. Um, but it is it's something that I think we've all found helpful for those opportunities that we've had. And, uh, if we are to move forward to ask staff to look into this a little more um, or to start putting a plan together, uh, if
you guys don't think this is a good idea, you need to let us know now. President Solomon, thank you. So I I really appreciate what what what you just said because it pulling these these and we are happy to to to do this. It it
definitely requires a bit of staff time. It takes more time than you would than you would think. And so and I think sometimes folks tend to be excited about an idea, but when it comes time to actually participate that schedules get in the way because you all have lives.
So, so please take take I just ask everybody to take what Regent McNelte said very seriously and to think about whether or not this is something you want us to focus on because we we will and we'll pull it together. Um but then we just need to make sure folks
participate. Thank you. Totally agreed. All right. So, it says on the agenda we're going to do a break, but I'm going to push it back a little bit. I want to have Regent Chavez give his finance committee um report first, then we will break and move on. So, Regent Chavez,
thank you, Madam Chair. I appreciate that. Um the uh finance committee met on May 22nd. Um all the information from that meeting is posted and available in community. Uh during the capital construction portion of the meeting, the committee heard the quarterly capital
construction report from Corey. The committee also heard presentations about the state funded capital construction projects that will be submitted for funding consideration in the 20 in the fiscal year 26 27 budget cycle. Three related items were approved and adopted
by the full board as part of the consent calendar we just did, which includes the renewal of the Mackie renovation and Guggenheim program plans and the draft board priority order of the state funded projects. The final
capital item was a presentation about the strategic plan pillar four metrics related to sustainability and the built environment. all four campuses shared u about their various successes in the last year. Thank you to the campuses and
to Emily Parker from Chad's team for those presentations. During the first finance um portion of the meeting, Scott Mson gave a quarterly IT project status report. Treasurer Chararma reported on the performance of the Treasury pool as
of the close of March and Chad presented um on the latest alumni outcome data. I did have several slides which Todd uh stole my thunder and did them in as part of his president's report. So I will skip those and um go on to the next one.
Thanks to Ryan and Stephanie on Chad's team for putting together that report. And this uh information is on community the community site as well as the system budget and finance website. And then finally, Ed Mills gave an update on the
impact of uh spending efforts focused on serving the communities of Colorado as well as local spending. And I was excited to hear more about the mentor protege pilot program that he has undertaken in in his office. Our next uh
meeting is um August 27th. I invite you all to attend. Thank you. Thank you. Uh we'll take a break right now. Now I'd ask everybody to return by 2:50 and we'll uh begin with treasurer Usha Sharma's presentation. So back in 15
Let's go back. That's what I thought. So I will I can't I know. I know. Hi. Wow. Thank you. She doesn't like it. You do that and look. So I don't I don't want to I think all
of that's great right way to get started. I don't think there doesn't mean that all items have to be every there are two or three there are
three or four of them there. confidence. I think Sorry. But I don't know uh Vermont school
because the guy who was there but it seems to be a good fit and the woman who met wasn't tast so it seemed like everybody got what they needed
I don't think I said anything I know I might Everybody. Thank god. Is that all? It's just out. What the hell?
I'm really proud. I think I told you Steve Jobs will be alive. All right, let's find our way back to our seats, please. Yeah, it's kind of weird, Kelly, that he's Do you ever feel like someone's coming
up right behind you? All right, great. Thank you everybody. We're going to turn next to the quarterly treasurers rep oper report presented by treasurer Usher Sharma. I I hope I'm psyched that everybody's really happy in the back of the room, but it's
pretty loud. So, if we could like sh a little bit for her, that would be great. Thank you. Good afternoon. I hope you can hear me. So, I'm here to present the quarterly treasures report for the quarter that actually ended on March
31st. Seems like we're long ways away from that point. Um, you also have a eightpage report. Um, an eight-page report in community. Uh, that's more detailed and this presentation pulls some of the key points from what's the
picture? What what's the picture? Maroon Bells. Oh. Oh, sorry. Oh, this one is that one was Maroon Bell area. I told um Cali that I'll have like interesting picture
for next board meeting. So not this time. Um so this this um really shows you the cash flow trend of the university over last nine quarters. The
blue section is segment one and though that's the investment in AAA rated government money market fund that provides daily liquidity. The gold section is um enhanced cash portfolio
and that's used for monthly payroll and semianual debt service payments and earns expected to earn slightly more than blue section. And you can see the seasonality of university's cash flow that it really gets down to the low
level before we start collecting tuition. And then the light gray portion there is segment two. Those are um ultrasort bond fund and those are used for cash portion of capital projects for
campuses and strategic priorities and enforcing gas needs. And now on to the market indicators. Um so these are really like capital market indicators as as you can see from this for the quarter the u
equity market both US and non US were red as everybody can expect a lot of news coming out created a lot of market volatility um the Bloomberg market uh Bloomberg bond index however was
2.78% positive return for the quarter and it's it's good to see that because we had negative return in bond portfolio and bond index for a long time. So the equity market um the pool performance was about 80 basis point for
the quarter and it per it outperformed the benchmark uh by quite a bit for the quarter. Um the equity market lost ground in Q1 but I can tell you that um it was still
volatile for first few weeks of April. then it actually recovered um S&P 500 actually had the best May performance since 1990 at 6% just for the just for the month but year-to- date end of May
performance was about 1% positive on the 12 month ending 331 2025 S&P index um was about 8% 12 months
and non- US equity index earned about 7%. Bloomberg aggregate bond index earned almost 5%. The treasury pool performance was 5%. It was slightly behind the benchmark return of 5.72%.
The economic data job growth is coming out better than expected for both March and even April. The unemployment rate kick ticked up a little bit in March at 4.2%
um from 4.1% in December and it actually has just stayed at 4.2% for April indicating a pretty strong labor market. CPI CPI is about 2.4% in March. Um and you know it is
still I know that the Fed with all of these results the indication we are getting from Fed is maybe two cuts starting in September and it's still to be seen because I think last quarter it was about they were expecting to cut
three times starting in June and that has shifted to two cuts a total of 50 basis point starting in September. Madam chair. Yes. So on the labor or I just want to make sure that I got this correct. So uh job
creation is up and unemployment is up. So does this mean So did I understand that correctly? Unemployment is not up. It's actually just hovering at 4.2%. Which is considered like full employment up from December I think you said. Is
that um just.1%. So, does that does that mean that we have people coming back into the job market or is it such a a small number of people that it it's statistically not relevant? I can I can dig more into that
and it could be that more people are coming into the job market. Okay. Thank you. Yeah. Taking that number slightly up. Okay. Thanks. Thank you, Madam Chair. So this page actually gives you the information on treasury pool investment.
A lot of information in fact the top portion the top table gives you performance at two different time period um a year apart. So if we look at the balance, treasury
pool balance at 331 of this year, it's almost like 4 billion. And the same balance a year ago, it's slightly less than 3.7 or over 3.6
billion with a change of about 322 million in the 12 months. And the pie chart actually shows you the asset allocation. Um, as of March 31st of this year, we had about 25% in money market
fund or cash, 35% in fixed income and equity made up of about 40% and these ranges or these the asset allocation as within the investment policy guidelines. The last table on the
right side of right bottom right shows you pool performance over several time horizons. Um and if over these time horizons the result is mixed. The pool is has outperformed the index or the
benchmark for immediate quarter and inception to debt while it's behind um benchmark for 12 months and three years. So here is another look at um treasury pool investments. The difference between
the previous page and this the previous page gives you pool balance at two different time periods a year apart. Whereas this one actually gives you a pool balance at the same point in time as of March 31st of this year but at two
different valuation basis at cost. what we pay for this investment and then market value which includes appreciation. So as of end of um March 31st this year the pool balance the total pool balance was almost 4 billion
from 3.6 billion or relative to 3.6 billion at cost providing an unrealized gain balance of about 370 million. So the 51% of that 370 million is coming from our long-term investment
pool 188 million in unrealized gain there. The investments in long-term investment pool are long-term with an expectation that we earn higher from that little segment and that's why they are a little less liquid compared to
other um as other segments of the pool. So now I'm moving on to CU's debt portfolio. So the um debt capacity ratio that 3.66 number and then the weighted average cost of capital those numbers
are updated once a year after the fiscal year end. So the numbers you are seeing here is as of June 30th of last year and next quarter I'll have updated numbers. So the debt capacity ratio was 3.66% this is at the system level and
the statutory limit the state limit is 10% the region policy is 7% providing us enough cushion between those two um two numbers. Um as a point of reference the weighted average cost of capital um in
2018 was 3.2% and it's 2.6% 6% currently. We might see that number take off as we issue new debt because the rates interest rates are higher currently than what we saw in 2021. But what that translates to that
lower rate is it transl it benefits campuses directly in terms of lower annual debt service payments. Our bond our total debt balance was about 1.8 8 billion at the
end of March. And that does include the debt transaction that closed on February 5th that included aboutund 190 million in new debt for resident hall one and Helms in Boulder. Usha, can I ask a quick question? I
don't know if you have this off the top of your head. I know you did a lot of debt restructuring over the past six months or so. If we wouldn't have done that restructuring, what would the projected cost of capital be moving into 25 versus the 3.66?
The cost of capital um actually, you know, would not be impacted as much because the the interest rates on new debt is higher than what we saw. So it was offsetting the restructuring. Exactly. Got it. But
I can get that number for No, I I just was curious because I know you did a lot of work on that to try to save us those dollars. Yeah. So, um we we'll calculate that for next, you know, when I come um in front of you with the next quarterly
update. And then our CU bonds are rated um double A1 by Moody's and double A plus by Fetch. And the commercial p paper is rated F1 by Fetch and P1 by
Moody's. Um I we actually had a you know like date transaction during first calendar quarter of this year but I did provide that update at the February board meeting and we are already in the
process of another debt issuance. So that's all I have. I'm ready for questions. Any questions? Just curious, Chad, what's the highest we've ever been in debt since we've got the policy limit of 7%.
Do you know what? I mean, Todd might be well below 7%. Yeah, I was going to say we have we ever been five, have we? Okay. I'm just curious. Okay, we can definitely get the number.
It's I just curious relatively speaking the difference between that cap of seven versus where we've consistently run which is well below that. I yeah I can I would say so that the debt capacity ratio isn't a challenge for CU. We we
will I would submit continue to be well below 7%. Our challenge at CU is how do we have um a revenue stream to pay back that debt. And so it's it's making sure that those things that we do issue debt for have uh some some revenue stream, whether that's a residence hall when
students are enrolling to pay that back or or whether that's something else like a parking structure and having vehicles there to to cover the um debt service payment. Additional questions? Yeah. And I think you know it may not have been that high and I can tell you that really like it
it moves in tandem with the debt balance and your debt balance is like results of your aging buildings and need for new buildings. So we have like as we know our buildings are aging more and more every year. Great. All right. Well, thank you very
much. Thank you. Up next we got CFO Chad Martano. um regarding the fiscal year 2526 operating budget. That's a pretty very pretty. So this picture is uh continues to be
wrestller's gulch outside of crest but it's just from a different vantage point. Um, so this is the time in our budget cycle where we actually put together um the the resolutions that the board considered in April and we build out our full fiscal year budget that's effective
July 1 of 2025. So that's fiscal year 2526. We also use this point in time to build off um some five-year budget projections in terms of forecast and the outy years to see what campuses look like if we if we look at different assumptions. So, um, when we go through the slides, we'll talk about this
upcoming year and what the overall CU budget looks like. And then when we get to the campus sections, we'll kind of talk in the back end of the cadence of slides where we, um, look at that five-year planning period. Um, so overall the budget before, and I should pause too. So, huge thanks to Corey
Donaldson on my team, Emily Parker, Selena Duran, Norah Sandival, all of the campus CFOs and budget officers. Some folks are here. Raise your hands if you're here. all these people. So, there's a ton of work that goes into this and we've been working on this since October. So, this is like the
culmination of months and months of work. So, thanks to everybody. Um, and there's a lot backing this up. All of this information is publicly posted in community and, um, I will have physical binders for everyone at the conclusion of today's meeting. Um, so overall, the budget
headed into next year is $6.7 billion. This is total funds. That's operating, auxiliary, and restricted. Um we have forecasted enrollment changes headed into next year. A couple of differences here at both Boulder and Anshutes compared to the April presentation where
Boulder is actually up increasing 2.7% versus what we had assumed in April which was 1.4%. CU Anshoots continues to grow at 2.6% which is a little bit um less growth compared to April. And then Denver and Springs um are are
maintaining their enrollment forecast headed into next year in terms of where we are investing our monies headed into next year. So of course we're investing in our people through salaries and benefits, investing in our students in terms of institutional financial aid, investing in our uh infrastructure in terms of defer deferred maintenance and
then campus budget initiatives vary by campus. Um refresher, this is the same slide we had in April. Um we had a really successful year with the state. So, thank you to the state legislature and the governor for signing the long bill that helped us keep our tuition in check. Um, and these are the allocations
in terms of um state funding increases by campus through operating. Um, we also um avoided a couple of proposed cuts that were significant. One being a a full right fullout elimination of cyber security funding at UCCCs as well as a
targeted cut at the CU Anchute School of Medicine. In terms of capital construction, um the CU an Health Sciences building COP payment was made, six controlled maintenance projects at just shy of $12 million, and the second year's funding at the Aaria Campus Safety
Center. Um something to pause here on in in this year's budget as we're looking forward to fiscal year 2526, we are budgeting conservatively on our federal funds. um in particular our research awards and we're doing that because we're it's it's a changing environment
and we want to plan in a prudent manner. Um historically we've seen growth in this space about 8.7% per year if we look over the last six years and we're going to we're going to just keep it flat for right now. Um currently we have over 5,800 individual federal grants
that um researchers are working on. And for those folks that are um between grants or or experiencing some uncertainty um when campuses can they're planning to utilize some bridge funding for those researchers that are adversely impacted and CU is um positioned well
for the future um just some of the areas and this isn't an exhaustive list but we're positioned well to do in places like cyber quantum and healthcare and so there will be a second act of federal funds in terms of research and and this this kind of echoes what chancellor element was talking about earlier
today. Um, if we look at the change in our budget from our current year estimate, where we are today versus where we think we will be headed into next year, it's a 2.1% increase in our total budget up to that $6.7 billion. And then you can work your way through campus to look at what those individual
campus budgets are. In terms of looking at our ENG budget, this is the budget that's primarily funded by state funding and tuition revenues. Um it's a systemwide 2.5% increase. You see a larger percentage increase at CU Boulder
because of their enrollment increase. Uh a little bit of an increase at Denver. And this actually um this nets out a specific bill. Um that was a targeted one-time reduction to CU Denver related to Ahack. And so this is kind of that 250 number is not
what shows up in the budget, but this shows you the annual growth holding all else equal at CU Denver. Um and then you can work your way through the rest of the the campuses and system budget growing at 2.6% at the bottom. And that's primarily a function of just payroll and annual um software
licenses. Looking at historical enrollment over the campuses over roughly the last 10 years. Um that circle by campus denotes the high water mark. So Boulder and Anchutes are projecting record enrollment headed into fiscal year 2526.
Um UCCCS and Denver had their um high watermark back in fiscal year 1819 and you can just kind of see what's happened over time if you keep your eye on the right hand column. So that budgeted those budgeted numbers. Those are what's circled here
in orange. And when we do our five-year budgeting, this is what we assume will happen by campus over time. And this is our forecast. Is this perfectly right? Probably not. But it's a reasonable proxy of where we think folks will be and we'll use this to inform our outyear budget planning when we get to those
slides and we'll dig into these a little bit closer. Chad, I have a question. Maybe it's for Chancellor Elellman if you go back one. Um forward one this one. That one. So on an shoots we always um forecast
flatness, right? So what happened between 24 256 that led to the uptick? I'm just curious. I don't know. Okay. I I think some of that could be tied to uh increasing undergraduate res
undergraduate nursing program. My undergraduate program was nursing. Okay. And undergraduate nursing is the one area right now that's getting softer. Okay. Because of competition. Okay. Graduate nursing is booming. Awesome. Thank you very much.
And with that said, Andrews is doing well in the in the undergraduate nursing space headed into the budget year as well. Um, so where does where does our revenue come from at CU? Well, it aligns with um it aligns with our mission which are students uh research and healthcare.
So a quarter of our budget comes from clinical care to uh provided to patients out of anes. Um that blue segment there roughly between the 3:00 and four o'clock of the dial, the pie chart is auxiliary activities. That's housing and dining. That's parking. That's athletics. The gold segments resident
tuition. Black se segments non-resident tuition fees. Indirect cost recoveries. Private grants. Direct state funding. So CU's budget in fiscal year 2526. 5.5% of the budget is from the state. Um and then we conclude kind of
the going around the the horn there with um federal, state, and local grants and contracts at about uh 14 15% of the budget. Where do we spend our monies? I kind of said this before and I'll say it again. It aligns with our mission. So we
spend our monies on uh educating students. That's instruction, academic support, student services, scholarships. We spend our money on research. We spend our monies on healthcare. those three three aspects of our role and mission. Um the board voted on tuition
back in April and other governing boards in the state have also uh voted on tuition in the last several weeks and some are coming up later this week and next week. And you can see on the right hand side what percent increase other governing boards in the state have um
set their tuition at headed into next year. the state provided a 3.5% cap the um and that was buoied by the state funding increase that helped us keep tuition in check. Um and you can see um campuses ranged anywhere or institutions ranged anywhere from three and a half%
um and uh Colorado Mesa at 2.1%. So this is just tuition. When we add in fees and mandatory fees and look at it through this lens, the percentages change a little bit. They're generally around 3%. Um there's Fort Lewis College happens to
be the largest here. This is also um along with our increases that are over 4% that are tied to specific fees. So at Boulder, we had the athletics fee. At CU Denver, we had the student approved mental health and well-being fee. At Fort Lewis, the reason you see a larger percentage increase there is a student
approved fee tied to a new fieldhouse, a construction of a new facility there. So on to the campuses. Um, CU Boulder's enrollment projected to be a record level headed into next year, 2.7% increase. Um, it's being driven by an
increase in undergraduate enrollment of 4.1%. But that is that is because resident undergraduate is increasing 5%. And that's primarily due to student retention, not an incoming student cohort of first-time students, but doing a better job of retaining students
through their academic career. Um, graduate enrollment is projected to be up for residents at Boulder. However, overall graduate enrollment is projected projected to be down. Boulder's also projecting um a decrease in international student enrollment with a
24% decrease in undergraduate students and a 14% decrease in graduate students. And that's what the campus is observing with foreign students associated with just uncertainty and just the political climate that we're in and the challenges in terms of obtaining visas to study abroad.
Um, we voted on tuition back in April. We voted on compensation. We voted on strategic budget initiatives. Um, and where did that money go? So, our ENG budget is this gray segment on the right at Boulder. It's about half of the campus's budget. Um, a little less than
a quarter is their auxiliary budget, that gold segment. Again, auxiliary budgets are like housing and dining, parking, athletics is in that segment. That blue section is restricted funding and that's largely federal research monies. If we look at the gray segment
and kind of dive into that, um revenue comes primarily at Boulder from non-resident tuition and then that's followed by resident tuition. State funding is about 10% and then there's some fees that make up around 1% and indirect cost recovery which are those indirect costs associated with research
is that black segment. Um this is a table that speaks to those enrollment bullets that I read earlier. Um a more I guess illust illustrative way to look at this is here where if we think about breaking up undergraduate students into those continuing students
which is the gold segment, new students which is the blue segment or transfer students that are coming into Boulder as a first-time as transfer students. um the gray segment you can see they're up on continuing up on transfer and down in terms of
firsttime students at Boulder. With that said, overall record enrollment for undergrads. On the graduate side, they're seeing a decrease in new students and an increase in new stu or continuing students, but overall graduate students down. So, we build off this enrollment
forecast over the next few years. And that top line there is that blue are those blue numbers. If you look there, that's the total change in enrollment. And you can see Boulder's number goes down to about flat in the outy years. Um the reason that you see um it going down
is because these larger cohorts that have enrolled eventually complete. They those students eventually graduate because of their great retention rates. They eventually get conferred their degree and they go out in the workforce and they they they have outcomes as alumni. And um so that's why you see
that number going down and kind of being flat. So generally speaking, Boulder is around 39,000 in terms of their projected outyear total enrollment. We take that data and we marry it up with some assumptions. And so we've assumed um CPI in terms of
state funding increases. We've assumed CPI for tuition rate increases. And that builds out kind of these revenues. Um then we build out expenses. So we've assumed expenses that are forecasted with the future Colorado winds agreement. what we think insurance
will cost in the future, investments in institutional financial aid, deferred maintenance, and what Boulder shows here is that they can accommodate those things and they can balance their budget. All of our campuses can balance their budget. It's just a function of um if any have gaps, and we're going to get
to that in a little bit. So, Boulder's in good shape in the outy years. Looking at Denver, same enrollment picture we talked about back in April, a decline of 1.8%. Um, we've talked about what CU Denver was doing with tuition, which the board approved in April, what they're doing in
terms of their budget outlook in the future. Um, what does Denver's budget look like? Their total budget is around $390 million. Um, 60% of it or so is their ENG budget. Smaller segments, auxiliary activities, and then the restricted budgets about 20. If we look
at that gray segment closely, their operating budget, um half of the revenue comes from resident student tuition, um about 20% comes from non-resident students. Direct state funding makes up about 21%, indirect cost recovery is
less than 2% and fees are about seven. Um same enrollment picture we had back in April. If we if we build that out in an illustrative manner, we can see that there's a little bit of an increase in um new students and and
increase to flat in transfer students and then continuing students going down a little bit. That's not necessarily indicative of um a decrease in retention rates that could be a function of a larger cohort. And that was the case back in the fall where we saw Denver actually improve in their retention
rate, but the continuing students were smaller on a year-over-year basis because they graduated a larger student cohort. On the graduate side, we're seeing decreases both in new students and continuing students. Um, in terms of forecasting an outyear projection at Denver, a little
bit of a decline in the first couple of out years and then flat. And when we build that out in terms of budgetary assumptions, um, the campus does have some gaps to close and you can generally see those in that general operating line, uh, which is about the middle of the way down the screen where you see
some cuts happen in a couple of the years. And um other kind of um closing the gap aspects are numbers that you would see smaller expenditures in otherwise. Um this is if the campus was to lean in and and cover these
compensation increases in all these years. We know at CU that we haven't always done that. Sometimes we set up revenue thresholds in terms of how we approach compensation. So that's a tool in the toolbox for the campus in the future. um at UCCCs, similar picture in terms of
enrollment to what we shared back in April. Again, what the board approved for tuition and compensation. And then let's look at what UCCCS's budget is. The composition of their budget similar to Denver, except their auxiliary budgets a little bit bigger at UCCCs. It's because they
have athletics. They have um more of a campus housing kind of entity as compared to Denver. Um and then when we zoom in on the ENG segment, this looks very very similar to CU Denver. So the biggest payer in terms of revenue is from resident tuition at
UCCCs and state funding and non-resident tuition. Same picture of enrollment that we had in April. When we look at this in an illustrative manner, we can see that new students are up on the undergraduate side, transfers down and continuing is down. On the graduate side, we're
expecting in increases in both um continuing and new students at UCCCs. When we forecast outyear growth, there's a bit of a decline in the undergraduate space at both resident and non-resident, but we're projecting increases at the resident graduate and
non-resident graduate side. And that lends itself to this revenue picture. So overall revenue growing around 3%. And then the campus would have to take some budget balancing measures to close the gap to be able to have a balanced budget in the outy years. And so in some of these instances in these salary rows,
you don't see quite a 3% increase. And um general operating isn't isn't increasing um as you would see if there was adequate revenue to cover those increasing expenses. Turning the corner and rounding it out with anes um overall increase in enrollment of 2.6%. I'll
highlight like Chancellor Elellman had spoken about earlier, pharmacy is projected to increase headed into the future. Um talked about tuition and compensation which the board approved back in April and when we look at Anutes's budget um there's a there's a former regent that would always point out that Anutes's budget looks different
than the other campuses and this shows that. So um over half of the revenue at CU Anchutes is from their clinical care and that's that uh section that has kind of that dotted line around it. And so the the the educational aspect of CU
Antut's budget is actually the smallest. The thing that's counterintuitive here is if you zoom in on that gray section. Um CU Anchutes is actually most heavily reliant on state funding as compared to any of the other campuses and they're most heavily reliant on the indirect
cost recovery associated with federal research. So think back to our February presentation and April presentation. We had a budgetary risk slide. The first bullet on budgetary risk was state and federal funding. So, CUN shoots has some budgetary risk in the future here. Um,
assuming that that um you know we we can confront those challenges in the future and maintain what we're expecting, enrollment is going to go up. We'll build out our five-year assumptions and antutes can balance its budget. And that's what this shows in
these slides. So then we're we're almost through it. So now we're at system administration. We use the same words here, but they they mean different things. So the gray segment is our ENG budget. It's system. This is our intercampus cost allocation, the ICCA. We'll talk about that a little
bit more in a second. That gold segment that's the auxiliary funds is treasury, our self administration of the family program, our insurance, our health trust. Those are in that gold segment. The blue segment of our restricted funds are monies from the foundation for advancement as well as one particular
endowment that's run out of system per the per the agreement. Um when we look at the ENG segment, most of that money is tied to UIS. So this is all of the IT backbone across all of CU for students, faculty and staff. Um executive administration or other folks at the
system office, employee services, so all of HR, the yellow segment is procurement. And then that um purple pinkish section is um university council. And then pulled benefits is just a reflection of the accounting of how we capture those
monies at system. In terms of um next steps in terms of our budget cycle, we'll be back in September to report out on our preliminary fall census and talk about where where campuses are relative to these budgeted figures for enrollment as well as what that looks like with the
dollars associated with those. In October, we'll report to the board and notify folks about um revenue thresholds in the event that there's different compensations that's triggered at UCCCs or Denver. In November, we'll report out uh pursuant to our APS on our
unobligated funds and then we'll start our budget cycle again for fiscal year 2627. And with that, I am concluded the presentation. There's an appendix with some other awesome definitions of all those things that I said. Um but I'm
happy to take any questions. Questions? Ken, did you have one? Yeah, I guess I did. Okay. All right. And this is for the chancellor. There's probably Ken and Jennifer. When you take a look at that, obviously the revenue stream is what is really important and that's coming through enrollment. Are do you
guys feel that it's an equal balance between retention and enrollment increases or do you feel one is outweighing the other? It's both. Honestly, Regent Montter, where we're focusing a lot of our time at UCCCs is on the retention and
persistence of our students because that's an area that really hasn't we haven't made a lot of progress in the past decade and that's an area where that we can really um shore up quickly and just like CU Denver that Ken mentioned in his public remarks, we're
working with also with NIS with the National Institute for Student Success and they've given us and actually we have Stephanie Hannenburg and Jiv Rogers here um in in the audience who are helping actually shape the the strategy for this in our strategic enrollment
plan. Um but but we're looking at what best practices we can put into place which means we need to make some changes about how we're focusing our our funds but also our human resources and our energy towards retention and persistence of our students. But I would say just as
importantly is we're bringing in we need to bring in bigger classes every single year. And so it it's a both and for us. Um and our new strategic enrollment plan um that we're just putting into place now. It does focus on both of
those but it looks at it through the lens of not just the student experience. Um, our provos couldn't be here today because they're going out of they're out of town. But, um, it's also about the academics and making sure that our
programs are aligned to the needs in our community and that we're working really closely with our community high schools and our transfer students with our local community colleges throughout southern Colorado. So, so it to me this is a multi-pronged approach in addressing
this issue is is probably the most accurate answer, but we're happy to spend time um unpacking our new strategic enrollment plan for any of you who are interested and and also bring to you the work that we're getting from from NIS um to help us make these
changes. But it does mean that we're going to be um reallocating resources towards those areas that have the greatest impact. Thanks, Jennifer. Appreciate that. Uh, appreciate the the question. I I think for us, uh, retention is the
lowest hanging fruit. Um, I think if you if you think about our structural budget deficit of between five and $6 million right now, that's basically 500 students retained uh, additional each year, right? That puts it in in I think really
important terms on a base of almost 14,000 students. Okay. Um the other thing that so so I see retention as the lowest hanging fruit um and we're developing a new strategic enrollment strategy that um is focused on learners
from um high school to retirement. And so I think for us particularly being in large metropolitan area uh a there's a huge uh enrollment growth opportunity in the lifelong learning space. And what that means for us is is not counting
degrees as our fundamental unit and understanding that the learning experiences we can provide through s certificates, credentials and the like uh are meaningful particularly to lifelong learners in the workforce. Uh but they are also a growing and stable
revenue base for us to supplement uh what we have right now. The last thing that I'll say is that um um when a student graduates from CU Denver, there's a huge economic uplift that they receive and we saw some of
that in the alumni uh statistics. Uh part of that is making sure that our academic programs align with workforce needs. And so the other thing that we have going on right now is an academic program uh review process that is really
focusing in on the relevance of our degree programs to the workforce and the um the alignment and the integration of industry relevant experiences in our degree programs. That's how we're going to attract larger classes over time. Um
but if we don't have that alignment, students won't necessarily see the value proposition. So, it is sort of a short, medium, long-term approach to revamping how we provide learning to our communities. Thank you, Ken. Thank you. Appreciate that. Additional
questions. All right. Seeing none, is there a motion to approve the operating budget? Moved by Regent Mona, seconded by Regent Spiegel. Any additional discussion? All right. The question before us is approval of the operating
budget. All in favor, please say I. I. I. Any opposed? All right. One. No. The motion passes. Thank you. Thank you. All right. Up next, the next item on the agenda is an athletics update from UCCCs. Athletic Director Nathan Gibson.
The floor is yours. Board of Regents President Solomon. Chancellors, thank you for the opportunity just to give a quick update here today on UCCCS athletics. Um, I'm gonna be brief, but I brought a heavy hitter with me to uh talk a little bit about his experience as a student
athlete. Um, but I do want to take just a quick moment to talk about some highlights from this last year. If I can get that to move. There we go. Maybe. Yeah, if you don't mind. Thanks. So, a few highlights. Um, this
last year was the first year uh in in my time as athletic director that we had a 3.4 above a 3.4 athletic department GPA. Um, it's 21 consecutive years of a 3.0. Um, which is 42 consecutive semesters. So, I always like to start with that
because we we do put student and student athlete. Our our athletes are absolutely getting it done in the classroom first and foremost. But again, I don't know many athletic departments that have had this type of a streak, let alone a year like we just had with a 3.4
GPA. On top of that, this year was the most student athletes that we've had uh in school history. So, a 385 student athletes. So, more students, high GPA, high academic success. So, an 84% academic success rate means that
we're also retaining and graduating our student athletes um at an extremely high rate as well, which 84% puts us in the top 10% of all division 2. On top of that, we had nine of our 14 athletic programs that were nationally ranked this year. 12 of our 14 were regionally
ranked with four ARMAC champions. Um so, not only are we getting it done in the classroom, we're getting it done competitively in our sports. Um, something that I'm also extremely proud of for our student athletes is we were once again in the top 10 in total community service hours performed. We
were number seven this academic year. Uh, which just for some perspective, that's out of about 308 division 2 institutions. So, our 385 student athletes are getting it done in the community as well. So, students first, high performing high performing athletes
serving their community. That's what we're about at UCCCs. and I thought what better than to have a uh student athlete talk about their experience. Um so it's my pleasure to introduce Shawn Belzer. There we go. Um Shawn is a men's soccer student athlete at UCCCs. He's also our
SAC president. So our student athlete advisory committee president. Um Shawn also was this year uh nominated and elected to serve on the NCAA Division 2 national sack. So again, my pleasure. I'll turn it over to Sean.
Thank you all for having me and Director Gibson. It's been a pleasure. Uh just to go off a few points, I want to introduce myself a little more, but then also talk about what athletics means to me and what it means to UCCCS as a community. Now, uh, UCCCs is a division 2 program
and some people in the recruitment process have their eyes set out on D1, which is amazing, and I was maybe capable of that at the beginning of my recruitment process as well. But the more and more I looked into division 2, I noticed that division 2 has more of a sense of belonging. And especially at
UCCCs and our other schools across the ARMAC, our belonging and our culture is what makes us who we are and the teams that we are. And as director Gibson just pointed out, the success that we have, there's also an opportunity to make difference. Uh with being along with National Sack, one of the sayings that
we have is make it yours. To me, this this can mean a whole bunch of different things, but in my eyes, making it yours is taking the opportunity, taking the moment, and making the best of it. Putting your best foot forward and seizing the moment. And at D2, at UCCCs, in the ARMAC, you have the opportunity
to take the moment. It is also highly competitive. uh men's soccer and women's soccer especially um because that's what I'm playing in I know is very competitive and our other sports is as well very competitive and as director Gibson pointed out we have done very well um so to say that you can go to D1
to get the accolades and the highlights of oh I'm D1 maybe you're at D1 but you're not performing or your team's at the bottom pole at D2 and especially in ARMAC we are here to compete and we are here to win now being a D2 athlete is
it's a lot honestly. It can be engaging um demanding but it's also rewarding um with everything that we go through with classes moving uh some of us have on-ampus jobs myself included. Um it it can be a lot but it's rewarding in the
fact that uh you get to play under the lights in front of your fans in front of your friends that you've met in the classroom and you get to represent uh a program. You get to represent something that means a lot to you. And that for me means everything. Now, uh, I chose UCCCS, uh,
partially because I'm a Colorado native. I rock climb, I kayak, everything you can imagine, Colorado, that's me. And with Pikes Peak as my background on our training pitch, and then Pulpit Rock, one of our famous uh, monuments down at campus, it's it's everything you can ask
for. We have a strong soccer program, and um, they have the academics that I need. I'm studying I'm studying exercise science with emphasis in strength and conditioning and uh most notably we have the Hibble Sports Performance Center which has been absolutely amazing. I'm having more and more classes there and I
love it. And then um I want to go into a little more uh experiences and highlights. Um Mountain Line Strong, I'm sure a few of you have maybe heard of this. This is a program that is run by Dr. Jess Kirby, a uh teacher at UCCCs,
and she encourages peer leaders, student athletes, to come together and make a difference for the rest of the student athletes on campus. We come together, host workshops, and put on fun events for all student athletes to attend. And that has been an amazing amazing um part of being on the UCCCS
campus. And then the national tournament. I just completed my freshman year with the men's soccer team playing a good amount of minutes and we were fortunate enough to make it to the second round of the NCA tournament and that was that was a special night. Director Gibson and his staff put on an excellent show and uh made our made our
we hosted the the game as well and it was it was an unbelievable experience. As director Gibson also said I'm a part of National Sachs student athlete uh advisory committee and that has been something unforgettable. Uh, initially I was a little nervous to try and go in and and put my name in, but
after talking with Director Gibson and a few other people, I knew it was a place where I could fit in and do well. And I was fortunate enough a couple months ago to go down to Indianapolis with the NCA um, host site is and we had a convention and that was I mean it was unbelievable.
It was literally like meeting a family. We've had multiple Zoom calls before, but that was my first time meeting them all, my fellow national sack reps. And back to the point of the the statement, make it yours. Like in the moment when I was there, you could you could really feel the difference that we're making
for myself and the 132,000 division 2 student athletes that we represent. Uh to to final it off, my hopes and dreams. I I am still in aspirating or I'm still have aspirations to play professional soccer. Um it has
been my dream since I was a little boy. Um, and at UC, that's one of the other reasons why I committed to UCCCS. Our coaching staff has a strong connections and it's a really, really good group to get me to push to the goals that I want. And then, uh, the last point, the exercise science has been something that
I've grown up in with all the injuries that I've had through soccer. It's something that just comes natural to me. And, um, so yeah, that is that is where I'm pursuing my career. Thank you guys for everything. All the best. Thank you.
Madam Chair, Madam Chair. Yes, Regent McNelte. Uh Sean, uh in that photo, you look like you were about 35 years old, so I'm really not sure. Can you Can we go back to the photo that the two were the same? Yeah. Yeah. Um yeah, I did
have a little bit of something going on here. I think it's more than that. Do you guys have makeup before the games go on or something or Who knows? I think uh there's definitely some soccer pictures where uh I have some weird facial expressions for sure. Um two questions
for you. You eloquently shared your uh the reasons why you chose to come to the University of Colorado uh and to attend uh the campus in the Springs. Um when you talk with some of the uh other students that you know uh through
your work as a student athlete or uh just being on campus, what are some of the other reasons that they give for choosing UCCCs over other schools? For sure. You make a you bring up a good point. There's obviously other student athletes besides myself. And uh with talking with my fellow students, my
friends, I think one of the big reasons why UCCCS in general was a major spot for soccer, we are nationally ranked. is a big deal to be nally ranked um in soccer and then the culture that we bring within athletics um mountain line strong what they provide I think it is
known in the recruitment process when students come to campus when they meet their coaches and the players they see firsthand how just amazing experience it is and how a competitive nature it is and that the culture that you're about to step into is a step up from what
you're used to in high school or in club and to that it would be appealing I would Thank you. And the second question uh does relate to culture um but not just the culture of the athletics department
uh but to campus culture. Um how do the student athletes affect that campus culture and um what are your observations outside of um your uh colleagues as student athletes for the the culture of the
campus as a whole? Excellent point. You know, I think being completely honest, I think that is something where we can grow as a student athlete and athletic department is maybe connecting a bit more with our students on campus. And we have had numerous conversations within Mount Lion Strong of how we can maybe
collaborate with our um what's it called? Student council and um a few other people. So, in first eyes and and first thoughts, I think athletics is definitely noticeable to everyone else and we definitely don't
think we're above anyone else on campus. We still, as Director Gibson pointed out, are big in community service and we try and collaborate which is with um as much of the campus as we can. But back on my first point, I think that is something we get we can still improve. Yeah, I think um student athletes are
natural leaders and bring a whole lot to a university campus and uh grateful for the work that you do and the recognition that maybe you guys can do more. That's awesome. Thank you. Appreciate that. Yeah. Appreciate you being here today. Regent Van Drew, thank you, Madam Chair.
I uh was hoping you could help us out. Uh, I've had some wonderful experiences teaching student athletes in the past and and I love expressing what I've known about uh, their life and so I was hoping you could like just run us through like what your type type of
schedule you might run through in a day in season. In season? Yeah. So, uh, as a men's soccer student athlete, we are a fall season and um, fortunately for me um, I have a little bit of a different story. I was fortunate enough to graduate high school a semester early. So I came in the spring semester a year
ago basically and in that spring semester I took 12 credit hours got the hang of things trained with the team played a few matches so I can get the hang of things. Um that set me up well for the fall. Now still there was challenges in the fall and um it was it
was busy. Um for us we trained at 9:00 a.m. and we had to be in the locker room by 8:30. And me, I'm very um routine based. So, I'm waking up early, doing my stretching, reading, praying, all of those things, getting in the locker room, saying hi to everyone. And then
from training um in the fall, I typically had I had two online courses that I had to manage throughout the day. And then I had two classes for two days, and then the other
three days I just had one class a day. And um to be fair at UCS it's very easy to get around and that's nice. Um but managing all the classes combined and then we had lift in the afternoon being able to eat in the cafeteria um or on your own it it can be a lot and I think
those who are proactive and as student athletes who step forward and and get used to it it helps a lot. Um, it's definitely a learning curve, but the more and more time you spend in it, the easier it it becomes.
Great. Thank you. Yeah, thank you. I have a question regarding community service. Do you engage in say soccer camps with high school teams or just kids in the community? I'm curious about that aspect. Yes, ma'am. So, um, another point to make, my dad is also the
women's head coach at UCCCs. And, um, so there's there's a lot of other soccer camps that we host. So, the women's team host a annual football tournament in the winter and in the summer. I think they're trying to get one right now. Um, and we help out
refereeing. And then that we invite all the local clubs from Colorado to come in, ages uh, 8 to 14. And then the men's team, uh, this summer we are hosting two Nike soccer ID camps, uh, where we house kids
in our dorms for a week and they go through training with our coaching staff and some other coaches that we bring in from other community colleges or other schools that we have partnerships with. And then we also do ID camps for um, for us. And so all those combined is a
really enjoyable time for us student athletes who are able to work but then also to bring in high school camps and all the other kids who have aspirations to play at at UCCCs and at the higher levels. Great. Thank you very much. Any additional questions? Uh Chancellor,
it's not a question. I just want to brag a little bit about what we're doing here. And first I want to thank you Nate for your leadership as our athletic director for so many years. and you look at those great grapeoint averages, that doesn't just happen. That's a whole process and infrastructure that Nate has
been leading for years. So, I just want to say thank you to you for um for your leadership. It matters. And then I want to thank you, Sean. I think that it's you are a model student. Um and it's so wonderful to see you talk about division 2 sports the way that I talk about
division 2 sports because I think it's just fantastic. And I love that you all get to see that they're students first. academics come first and it's fun to see the direction that your career is going to go Sean. Um but then also these are incredible student athletes. So the the
academics go hand inand with their athletic capabilities and then we layer on service and leadership and all of a sudden like you asked Regent Vandreel it's a very very busy day every single day that our athletes go through and I
there I just think you Sean you embody all of the great things that all of our student athletes bring to this university and I can't thank you enough for the leadership that you provide to so many others. I I think that um that the mission of division 2 sports is so
different and you see that in UCCCs strong. We see that in the results and the outcomes um of our students who might go professional and others who know that they'll have a really great career path ahead of them. And so I think that health and well-being and that sense of belonging that you were
talking about is really important for for our student athletes and for our entire campus and this is a way to model that for the rest of our campus to your point um Regent McNelte. So I just want to really honor and lift you up Sean and thank you and um I want to also I was
going to mention that Sean's Sean's dad runs he's the head coach for our women's soccer too who have just done an extraordinary job over the years too. So, it's all in the family and that apple doesn't fall far from the tree. So, um, kudos to you and and thank you for your leadership, Nate. Thank you.
Thank you both for your presentation, Madam Chair. Oh, yes. Regent McNelte, Director Gibson. Um, so my my son plays football and baseball. So, we were talking the other day and he he said, "So, so Boulder so does does UCCCs have football?" And I said,
"No, UCCCs doesn't have football." He says, "All right, so so Boulder is the football team for the University of Colorado." I said, "Yeah, it is." He said, "So that means that UCCCs is the baseball team for the University of Colorado." And I said I said, "Yes, that's right." So keep that in mind. Um
you are you are the University of Colorado's baseball team. That's right. Yeah, that's true. Um uh so we we've seen a lot with the portal and NIL and you uh media rights contracts and all of these things that
are are are skewing college athletics. um h how how do you how do you keep track of those things as they affect what's happening in the springs and um how much of an effect and what if you could crystal ball this thing for D2 uh
what do you think it looks like? Yeah, I think that's like that's the question of the day, right? That's the leadership of of the NCAA right now is sorting through this new era. leadership in NCAA. Well, I should say those two words don't go together within the So, um I will say
that uh having been able to serve on some some national committees um and be involved in this national conversation with colleagues, I think one of the biggest things that we've talked about at Division 2 is it's an opportunity for us to really define who we are as division 2 because NIL just exacerbates
the professionalization of big-time division one sports. That will never be us. Our our student athletes don't choose UCCCs or division two because they're looking for a payday or a paycheck. They may get a few discount codes here and there or a buy one get one. Um but our students are truly
students first. They're athletes. They work. They they do internships. Um they want the the the full 360 experience of what it means to be a student athlete in what I believe is the truest form. And um I I'm I'm concerned like many about what's happening at Division One. Um I
I'm concerned that they've potentially lost um some of their way um and and all of the focus is being put on a few uh players in a few programs. Um and so again, I think that's for us at Division 2 to be able to define and say no, we we
want this experience for all 380 of our student athletes. We want to still be able to provide financial aid and great facilities and great coaching and a high level uh experience at the same point. um not not losing not not losing who we
are um in division two. So I think that's where we've we've really tried to say this is what we want to be about. Um I don't have a crystal ball. I have no idea what is going to happen to the NCAA particularly 10 years from now with with the settlement and who opts in and who opts out and what that potentially means
for division 2. But, um, all that to say, I think for us, we've really, I think, doubled down on what it means to be a division 2 student athlete, what it means to be a division 2 athletics program. Um, and so I think that's that's the opportunity for us where we
are. Um, and really, I mean, we do have student athletes that do engage in name, image, and likeness opportunities. Again, it's it's very limited. Um, I will say I'm extremely proud. We we have a handful of student athletes that are in the transfer portal. Most of those
have chosen to leave because maybe they want to go somewhere that they can play or they have a graduate school opportunity that when a program that UCCCS doesn't offer. Um, but about 90% of our student athletes this year have retained and are going to persist. Um,
we are not building rosters through the transfer portal. That's that's something that I believe and is clear with our coaches that um certainly you can do that but and and we we will have students that will come through the transfer portal but it's not like what we're seeing in this national conversation. So, um, certainly things
that we are dealing with and talking about all the time, but, um, yeah, I think for for from a division 2 perspective, this is a great opportunity for us to redefine and double down on the things that we know we're good at to be able to provide the experience for student athletes like Shawn um, and
student athletes like we have at UCCCs. It's great. Thank you. Thank you. So the next item on the agenda is some resolution of appreciations for two people and that involves external people coming in to watch and we're a little bit ahead of schedule. So what I would
suggest um is that we take a 10-minute break and return here. That would put us at about um 4:05. We'll kind of do an assessment then to see if everyone is here who needs to be here and move that way. So thank you both so much. We look forward
to hearing the next one, too. Thanks. There it is. Now it is. Hi. If everyone could find their seats, please, we can move on to the fun part of our day. That was fun. It It was on. It's It seems like it
takes like 15 seconds or something, huh? Okay. All right. If everyone could find their seats, please All right. Thank you everybody. The next two items are resolutions of appreciation. The first one is going to be a resolution of
appreciation for Martin Wood and I have the honor of reading it. Whereas Martin Wood is dedicated 31 years is Martin's here, right? He's right there. All right. Do you want to in the house? bring them on up to the lect turn. Thank you.
There he is. Great. So, whereas Martin Wood has dedicated 31 years of service to the University of Colorado, Colorado Springs campus, beginning as vice president with the CU Foundation and ultimately serving as senior vice chancellor for university
advancement. Whereas Martin's career has been marked by his unwavering dedication to the university's growth, his leadership in securing transformational funding and his commitment to fostering strong community partnerships that shape the future. establishing and leading the
university advancement division, overseeing development, alumni relations, marketing, communications, government and military relations, community engagement, executive events, and public private partnerships. Whereas Martin's leadership contributed to
raising over $321 million for UCCCs, growing the university's endowment to nearly 100 million and securing funding for the naming and construction of multiple buildings and key facilities on campus. Whereas Martin was instrumental in landmark university projects, bless
you. um including the establishment of UCCCS downtown, the creation of the Lida Hill Institute for Human Resilience, the acquisition of key university facilities, the advancement of UCCCs as a statewide leader in cyber security, and the creation of C3 innovation at
UCCCs. Whereas Martin has exemplified a deep commitment to the university's mission, serving on the chancellor's leadership team for over three decades and playing a key role in shaping strategic initiatives that will benefit students, faculty, and staff for years to come.
Whereas Martin worked tirelessly to establish and maintain strong relationships between the community of Colorado Springs and UCCCs through service on countless community boards, ensuring that the campus and the community are intertwined in our successes and opportunities.
Whereas Martin is known for his unwavering dedication to cultivating meaningful relationships which we experience through his role as a caring adviser to his colleagues, a teacher in GPS classes, a mentor toward deans, faculty and staff in their growth as
friend raisers and fundraisers, and in his success in securing boundless support for UCCCs. Whereas Martin's commitment to the power of public private partnership has aligned with philanthropy to propel UCCCS forward through innovative initiatives such as
the William J. Hibel uh Hibble pardon me sports medicine and performance center. Whereas upon his retirement Martin will be granted the title of senior vice chancellor for university advancement ameritus as approved by UCCCS chancellor
Jennifer Soay and CU president Todd Salomon. Now therefore, be it resolved that the board of regents of the University of Colorado expresses its profound appreciation to Martin Wood for his decades of dedicated service and contributions to the UCCCs community and
the broader CU system. Thank you very much. You um does do you guys want to ask questions first or give him an opportunity to say something? Okay, any comments? Okay, Regent Spiegel, no comment. Okay, then I'll ask
a question. Martin, it's been such a pleasure getting to know you um in my role as the regent um on the foundation board and with the trustees. And I I think as much as the res resolution said, I think one of the most telling things were there were two things
recently. one is which is where the question is. There was the display that showed what the campus looked like when you started and what it looks like now and how many um buildings and people um you have impacted. So how many how many buildings were there when you started
and how many are there now? So that's my question. Yeah. So actually if I was going to get to say a few words well that that that was exactly how I was going to start. So, so when I when I came here in the early 90s uh to do my interview for the job, uh when I
finished my interview, I decided I was going to do a driving tour of the campus. So, I did. 45 seconds later, it was done. Uh I I I believe there were either eight or nine buildings. Um and I think today there
are 77 I believe buildings today. Um, so, so is this my speech now? Can anybody speak speech? Go for it. Yeah. So, so I had, so I had laryngitis 24 hours ago, which made a lot of people happy. And, um, I actually couldn't
talk, so we'll see how this goes. Um, so, first of all, I want to thank the board of regents for this recognition and this honor. I want to thank President Solomon. I want to thank Chancellor. Thank you, Regent Renison, for this. Um, I would also like to acknowledge and thank my wife Pam who's
over here on my left and my daughter Megan who flew in from Chicago last night. Uh, and so and and my daughter Michelle who's in Florida could not get away from work so she could not be here today, but I appreciate all their support through this this long hall of
of three decades plus. So yes, when I landed um at UCCCs, uh it was it was somewhat of a shock. I coming from the east coast which is where I was coming from um I I knew it was a University of Colorado campus so I guess I expected
more uh I thought there would be at least something um it was a very small place it had just you know been a tuberculosis institute before before it became actually a campus 1965 um but but I was very fortunate in that
uh I survived four chancellors uh including the one over here on my left. Um and they really gave me the opportunity to um spend the bulk of my career at UCCCs and and to be able to make a really
small difference uh in what UCCCS is today. Um, you know, I've often said that to be able to be lucky enough to be a part of a startup and that's really what it felt like. It felt like it was a
startup and to be able to be on the ground floor of that startup and and and then and then have all the luck that we had to be able to have the kind of community that we had that supported it so well and so strongly and still does even today. Uh that's what allowed this
campus to become what it is today. And uh I am just so fortunate that I was able to be here during all of that and play a you know little piece of the role. Took a lot of people to make this happen and for me to be able to be there and be a part of that is really really
special for me. So um getting this recognition today uh is really meaningful to me. It means a lot. It's like it's like the icing on the cake for me. Uh so I really do appreciate it and and I thank you all very much. Thank
you. Thank you. I assume there are no questions, right? No question. But I've got a comment. Uh Martin, it's been a pleasure. I think I've only known you about four years now, but it's amazing as I live in the
community. I get to know a lot of people and as I'm talking about a project at CU, your name invariably comes up. I can talk to somebody that was working on something 15 years ago and they're, "Well, who got you involved?" Martin Wood. Who was the idea behind that project? Martin Wood. So, I just want to
thank you for taking UCCCs from what was a few buildings into a major university campus and servicing the needs of Southern Colorado and beyond. Without you, I don't think we would be here. and we will miss you tremendously and I hope you don't go too far away because we
always need that person we can talk to, look to and ask questions about what was and what is possibly the future. So, thank you for your service. Thank you so much. Appreciate it. Thank you. Uh oh, Martin, I've been waiting for this moment
because I've been torturing him for a couple of months now. Um, every time that we we try to say goodbye to Martin, we we we can't. I actually he tried to retire three times with me and I said no. And finally the the final time he he
didn't let me say no. Um, but I think that when when I think about what this campus must have been like 31 years ago as seven buildings and now it's 77 buildings on our campus and I'm just going
to when I say these words, all of these words are things that Martin has done on this campus and it doesn't even begin to capture a portion of it. But just listen to this. Gallagley, Hibble, Lane, Ant,
Osborne, El Pomar, Johnson, Bethl, Kramer Family, O'Neal, Widner, Norwood, Human Resilience, Cyber Security, Sports Performance, Uchamp,
UDC, Regional Connect, PGA Management Program, US, United States Air Force Academy Partnerships, C3 3 innovation, KPWE, UCCCS Downtown, Heroes, Center for the Study
of Evangelicalism, Center for the Study of Government and the Individual. These are just a few of the things that Martin Wood has brought to this campus and to the Colorado Springs community and to Southern Colorado.
And the most important thing is he's transformed this campus and it's the way that he's done it that matters. He has created very deep trusted
relationships across this entire community. He listens and connects the vision of our partners and our donors to the needs of our students and our faculty. He has
brought humility, honesty, and humor to everything that he has done. And he has given so much of himself to UCCCs and Colorado Springs. And that's because he cares about all of
us, all of our students, and the mission of this university above all else. And I'm just the lucky one who gets to say all of those things because he happened to say no back to me when he
when I was saying he can't retire. Um, and what I want to say to you is thank you. Thank you for what you've done for this university. Thank you for what you've done for this community, but mostly thank you what you've done for me because you took me under your wing. And
even before I was even announced as interim chancellor, you were helping me understand and and and grow and learn and be the best that I could be for this university. and um you've allowed this university
through your work through all of these years and your heart dedication and mostly your heart has allowed this university to flourish and you've allowed me to do the same and I just want to say thank you for everything you have done. Thank you. Thank you. Thank you. Thank you. And I just have a quick
comment too. I don't know if you were in the room during the last presentation. I was. Oh, you were. So, I just I was really hoping that Sean could still be here as he talked specifically about the Hibble Sports Medicine and Performance Center and how meaningful it's been to
him. So, there's a perfect example. Yeah. Thank you for everything you've done. Yeah. Thank you very much. Good. Okay. Oh, please. President Solomon, I apologize. I forgot. So, so I just wanted to thank you for your extraordinary service. How many
presidents have you have you survived? I don't know. Yeah. Okay. It see it seems like a lot. It's a lot. Yeah. Well, I think it's it's more than four. So, yeah, it is more than four. More than
four. But um so but on behalf of them um because I know I I know a few of them and I know that they along with as and and I are incredibly grateful for all that you've done for UCCCs. It was 350
how many million? I I don't know what what was the number in the resolution? Three. Yeah. I'm desperately looking for it. Yeah. Well, that's a lot. That's a and and um that's an extraordinary number. And to think about what that's
done and how many lives that that's touched and how many um lives have been transformed because of the investments people made at UCCCs and continue to make. And I always I always say that it's because it's our donors who help us
do the magical things, you know, and and uh we we we don't get the state funding that that we that we really need. And so we rely on our donors to help us do those those special things that we couldn't otherwise get done. And you're
the one who were you were the lead on on that. and and um and I'm sure that you have those special things that you got done that you remember most and that are most special to you and um that impacted lives and made lives better. And just thinking about all the students who
graduated who who went to the school who who went to college because of the scholarships that you helped um bring in and um and because of the commitment commitment of those donors who might not have um been willing to invest in in the University of Colorado
and UCCCs if not for the conversations you had with them. So, so thank you to you for the lives that for the lives that you have made better and for for doing so much for UCCCs and I wish you nothing but the best and happiness and
your in your years of in your years of retirement. So, thank you. Thank you very much. I appreciate it. Thank you. Good. Thank you. Is there a motion to approve the resolution? All right. I think I think Regent Spiegel got them the motion and Regent Monter got the second. Um, additional
discussion. I think we're okay. Roll call vote, please. Effie. Regent Vandreel. Yes. Yeah. Regent Spiegel, yes. Regent Scott, yes. Regent Montter, yes. Regent
McNolte, yes. Regent James, Regent Hood, yes. Regent Chavez, yes. Chair Renison, absolutely. Thank you for everything. Thank you very much. I appreciate it. That's cool. Great. The next item on the agenda is a
memorial resolution for regent ameritus Jerry Rage. Regent Ken Montera, you have the floor. Thank you, Chair Renison. Uh before I read this resolution, I just want to make a couple comments. Jerry Ruddage doesn't just wasn't an an
ameritus regent. He was a really good friend of mine. and I'm honored to be able to present this resolution uh with his son and his wife in the room, Jan and John Rutled. Um Jerry was one of the first people that reached out to me when I moved back to Colorado 11 years ago.
And when he found out I was a a buff also, um things just accelerated. First thing I knew, I was in his habedasherie buying a new cashmere sport jacket, having him tell me that you've got to have this if you're a buff, right? But Jerry didn't stop there. He introduced
me to people in the community. He brought me to more games than I can even tell you. And this man was as much a Buffalo as anybody I've ever met. Um my only regret is that he isn't here to hear this in person. Uh but um he meant
a lot to me. He's the region reason I'm a regent here today. He's the one that talked to me about it. He didn't talk to me about it. He spent three hours at Prime with me with a bottle of wine and a couple bourbons saying you've got to do this Montra and he got his way as Jerry did a lot. So with that, I'm going
to read this uh memoriam for Jerry. Um and he does have a number of friends here too that I very much appreciate being a part of this. Whereas former Regent Jerry Rutled departed this life on January 9th, 2025 at the age of 80. Whereas Jer
Regent Ammeritis Rutled came to Colorado from Missouri in 1962 to study the university to study at the University of Colorado Boulder, graduating with a bachelor's degree in economics in 1966. Whereas Regent Ammeritis Rutled was an avid CU sports supporter as a
season ticket and sweetolder for over 20 years and a significant donor to CU football. He was one of coach McCartney's closest friends and brought him to games until he was no longer able to attend. He was also close to athletic directors Eddie Crowder and Rick George
whom he was instrumental in bringing to CU. Whereas Regent Ammeritus Rutled had a successful career in the men's clothing industry specializing in custom top-of-the-line clothing, boots, and shoes. Whereas regent emeritus Rutled was elected to the University of
Colorado Board of Regents in 1994, serving 12 years, representing the fifth congressional district. And during his tenure, he was elected board chair twice and vice chair three times and guided the university through three presidential leadership transition.
Whereas while he was serving on the board, Regent ameritus Rutled was a key driver for the move of CU's medical campus to the Anuge Medical Campus in Aurora and he eventually served on the UC health board of directors for eight years. Whereas region ameritus Rutled
further served his community through many clubs and organizations over the years including the UCCCs business school associates, the board of directors of the golden buffalo scholarship fund, UCCCs Engineering Business Advisory Board, the UCCCs
Chancellor's Roundt, Board of Directors of the National Institute of Science, Space and Security Center, American National Bank and Clo Global Equity Mutual Fund, the Greater Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development
Council of Colorado Springs and had a strong involvement as a member of the First Presbyterian Church. Whereas J Regent Ammeritis Rutled was the consumate gentleman and worked hard to find commonality while a regent and always kept the university his key
priority. He literally bled black and gold. Now therefore, be it resolved that in the death of Jerry Rutled, the University of Colorado has lost a dedicated public servant, and the Board of Regents hereby extends deep and heartfelt sympathy to his family and
friends. Hereby adopted by the University of Colorado regents on June 4th, 2025. Great. Thank you. Would anybody like to make some comments here, Jennifer?
I just want to say to Jerry's family and friends that I'm probably the person who knows him the least in this room because I've only known him I only knew him for a year and his impact on me was incredible because he cared so much
about CU and he cared so much about UCCCs and he also took me under his wing once he once we met and I know that his greatest love was
his family and second was his dear buffaloos but I know he loved our mountain lions too because when when I arrived and I talked to him about the work that we're doing with the hero scholarship and I talked to him about the work that we're doing with the
center for study of the government and the individual he immediately wanted to help. He immediately wanted to help UCCCs and he brought his whole ring of friends in to help with those areas. And I remember walking into the store one
day just to say hi to him on my way to a lunch at Bonnie and Reeds with with somebody else and I just stopped in to say hi and he's like, "Don't leave. Don't leave. I have to write you a check because I have to make sure that those hero scholarships get endowed." And I just for someone like me who's so new in
town and who could see the amount of love that he has for this community and for this university and just that it exuded from everything that he did. I I just I wish that I had had the years that you all had with him. And I just want to thank
you. Thank you all for being here and for honoring such an amazing regent ammerita and somebody who cared so much about this community and this university. And may God bless you as you mourn and as this whole community mourns.
Thank you, President Solomon. Thank you. So, uh I I never got to work with him, but I've heard all about about him over the years. um just like a lot of people in the room I suspect and um just
uh so much about what he has how how how much he loved the university and how devoted he was to it and we heard about we heard about that in in the in the resolution and and from what you said Ken and and and and Jennifer and um and
I and I you know over the years when when I was working for Bruce he would often talk about all that Jerry did for for CU and was doing and oh, we've got to get Jerry involved in this or that
and um just a a a true uh supporter, lifelong supporter of the university and um truly dedicated and just and devoted to to athletics and really, you know, liked it when we won.
Um and um and I'm sure that he was very very pleased over the last couple of years when when those winds started coming in again. And so anyway, u thank you for for sharing him with us and I
know that he'll be he'll be sorely missed at the University of Colorado. Thank you. I'll just say really quickly, I did not have the privilege of having met him, but I've heard so much about him and of course reading the resolution and his legacy and I mean, thank you seems so
shallow, but I also want to point out another great legacy that was mentioned and that is that he brought us Ken Monter. Thank you. Oh, it's me. Um, so is there a motion to approve this resolution? So move and second moved by Regent Mona, seconded by
Regent Spiegel. Let's do a roll call. Regent Chavez, I. Regent Hood, yes. Regent James, yes. Regent McNolte, yes. Regent Montter, yes. Regent Scott, yes.
Regent Spiegel, yes. Regent Vandril, yes. Chair Renison, absolutely. Yes. All right, the motion passes. Thank you so much. So, I feel like I need to collap. I know. Let's just do it. the jury.
All right. Thank you to everybody who attended. Our next item on the agenda is general discussion time for the regents. Does anybody have anything that they'd like to chat about? Regent Vanrill. Thank you, Madam Chair.
Have a hu. No, I don't have a haiku today. Um, sorry. Today on consent agenda, that was a last year thing. Okay, sorry. Um, today on consent agenda, we approved a change to article four of the laws of the regents, uh, that I'd worked pretty hard on. Uh, I
wanted to thank Regent Hood for bringing the idea forward and VP Lightner and Regent Spiegel for their work on this. Um, anyone who wasn't paying attention, we delegated some authority over certain things regions used to have to approve
to the chancellors of the campuses. Uh, that's it sounds really boring and I'm really excited about it because it saves us time. It saves people on our campus time and every time we save time, it lets us do more awesome things for our students and I'm so grateful for every
time we get to do that and I just am very happy today for that reason. Thank you, Madam Chair. Right. Thank you. Anybody else? Well, I'll just use it to do you want something, please. Speaking of Regent Vandrill, um something that I
didn't get to mention in my report that I just wanted to remind everybody of. So the um the the APS that we that we implemented to ensure that we have transparency regarding who speaks on behalf of the university and the
disclaimers on the website. So that's been fully implemented and the disclaimers are are now on all the campus websites and um and and I just wanted to acknowledge that because that was something that we did in cooperation with regent vendril. Yes. So thank you.
Thank you. All right, thank you everyone. And I think I'll just close it off by saying big thanks to all of our committee members. We have four committees. Each has a chair and a vice chair and two members. There's a lot of work that goes on in those committee meetings. They're open to the public, but there's even
more work that goes on behind the scenes. And that includes the staff, many of whom are here, and just big appreciation to everybody for everything they do. This the board meeting might last a day or two, but it is the tip of the iceberg of the work that goes on here. So, big thanks to everybody. Yeah.
Okay. Great. And then a reminder, but I'll say this, too. Um, big thanks to uh Amber, Amanda, Elizabeth, Carrie, and everybody else for putting putting this together. Having a meeting off campus may not seem like a big deal, but it's a
really big deal and there is a lot of planning that goes into it. So, I really want to thank FE all of you for the work that you do. So, great. Thank you. or you're going to have pictures with resolution. I will defer to our social expert, Elizabeth. Great. Okay. So, um,
Elizabeth, where would you like everybody for photos? Okay. So, great. So, this concludes the public portion of the meeting and our business for today. We'll be in recess until tomorrow at 7:30. Stay around. Yeah, if everybody could just stay around to meet with Elizabeth,
but I just thought I'd cut us loose here. Um, the regents only need to return for exec session. The reception for regents and invited guests at the US Olympic and Par Olympic Museum begins at 6. See you all there.