The Board of Regents' Finance and Facilities committee met Monday for more than three hours to consider three items and hear reports from UNM administration.
The committee is one of three standing committees that will join the Health Sciences Committee and the Student and Academic Affairs Committee today for the regents meeting at 1 p.m.
UNM President Louis Caldera received an increase in his compensation package. According to his contract, his salary goes up with faculty salary increases, giving him a $13,500 yearly increase. On top of that, the committee approved a $25,000 yearly increase for performance.
The committee also looked at the UNM Master Plan for Real Estate.
Roger Lujan, director of facility planning, broke the University up into quadrants, showing which pieces of land were owned by UNM, which were affiliated with the University, and which ones UNM wants to own - all of them.
He outlined what needed to be done to update the plan, saying it could take six to eight months.
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"It's going to take longer than six to eight months the way I envision it," Caldera said.
After being reassured the machines are state-of-the-art, the committee approved the purchase of four ultrasound units at a cost of $703,864 for the Women's Ultrasound Department at UNM Hospital. Trade-in value is $1,200 for each of the existing units.
The committee also approved a request by UNMH to purchase a single-story medical building at 4808 McMahon Boulevard. The stated price is $1,050,000 and has been appraised for $1,200,000 on July 19.
Kim Murphy, director of real estate, said the facility is in a very desirable and competitive location near the West Mesa Medical Center on the West side.
Requests for a $672,300 base adjustment and a $660,000 non-recurring State Special Appropriation for the Health Sciences Center were also approved.
Reports from UNM Scholarship Funding drew many concerns from Regent Mel Eaves.
He said the Woodward
Endowment, the largest series of single gifts given to the University, is not being used as the donors intended in their will.
"Nowhere on that (scholarship) list is there an idea that this money has come from the generosity of the Woodwards," he said. "We owe it to the Woodwards to give them a little more credit than we've been giving."
Caldera said perhaps some scholarships should be named after the donors.
The discussion came up during the presentation of the scholarship-funding model.
The model makes assumptions about gifts, allocations, scholarship awards, tuition increases and expenses that will exceed revenues.
"The purpose of the model was to get a long-range view to see where we're going," said Curt Porter, UNM budget director.
Caldera said there are no guidelines in the model, and it would be best if addressed during the budget summit as an independent act.
The committee also heard a review of the Science & Technology Corp., a report on the UNM budget process and the effect of enrollment on the budget.
Porter said complete unaudited balances for the budget would not be available until Wednesday. Highlights included an unrestricted instruction and general fund balance of $13.2 million. Almost $10 million is not available to central administration, according to the report. The undesignated resources available to address the budget demands is one-half of 1 percent of the total budget.
There was also an annual report on the Endowment Investment Program and a report on the status of the Children's Hospital expansion.
All action items on the agenda were approved.
Regents Eaves, Doug Brown, Sandra Begay-Campbell and Jamie Koch sit on the committee.
