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University of Minnesota Board of Regents to hold strategic planning work session, take action on 2014 Capital Request

Workgroup to engage in University’s long-term visioning process

October 4, 2013

Taking the first steps toward charting an ambitious roadmap to affordable excellence, the University of Minnesota Board of Regents will hold a public work session at 8:45 a.m. Friday, Oct. 11 to explore the mission, vision, values, goals and strategies necessary to increase the institution’s impact and reputation during the next decade and beyond.

Regents will consult with University President Eric Kaler, Senior Vice President for Academic Affairs and Provost Karen Hanson and other U leaders to begin this critical planning initiative. Specific to this session, Board members will participate in the same visioning process the U’s Strategic Planning Workgroup is currently undertaking. Regents will first review key internal and external trends and data. The Board will then identify and discuss external forces most likely to impact the U over the next decade, along with opportunities and unique assets that enhance University excellence and distinguish the U from other higher education institutions.

Special Committee on Academic Medicine

Chaired by Regent Linda Cohen, the Special Committee on Academic Medicine is a new, two-year committee intended to build knowledge among Regents about academic medicine, education and research, and ensure that the Board is equipped to fulfill its oversight responsibilities in this rapidly evolving area.

Dr. Aaron Friedman, dean of the Medical School and the U’s vice president for health sciences, will join University of Minnesota Physicians (UMP) CEO Bobbi Daniels, M.D. for a discussion on clinical services and operations. In May, Regents approved a new integrated structure between the University, UMP and Fairview Health Services to enhance patient care by creating a more seamless experience across the continuum of care.

The initial committee meeting, to be held Thursday, Oct. 10, will also include a 2013-14 work plan discussion and an overview of the U’s Academic Health Center provided by Friedman. Future meetings of the Special Committee will focus on inter-professional education, workforce development and advocating scientific research.

2014 Capital Request

During the September Board meeting, Regents reviewed the six building and infrastructure projects recommended for inclusion in the University’s request for $232.7 million in state bonding during the 2014 legislative session. A vote on the proposal will occur during Friday’s full Board meeting.

The University’s proposed 2014 Capital Investment Request promises $66.3 million of institutional funds for six projects. The proposal aligns with the U’s strategic goals to attract and retain the best and brightest students and world-class faculty and staff; to inspire innovation, exploration and discovery; and to be a responsible steward of its physical and financial resources.

Other agenda items include:

  • Accountability Report: The Board will take final action on the 2013 University Plan, Performance and Accountability Report. Regents reviewed the report, which outlines how the U is fulfilling its land-grant mission and delivering value to Minnesota, during last month’s meeting.
  • Administrative Cost Definition and Benchmarking Report: The Board’s Finance Committee will receive an annual report on University costs, broken down by mission, mission support and facilities, and leadership and management oversight. The Offices of Budget and Finance and Human Resources first presented this detailed analysis – unique to the University of Minnesota – in June 2012.
  • Facilities Utilization Assessment: The Facilities and Operations Committee will continue its look at maximizing the University’s physical assets. Vice President for University Services Pam Wheelock will provide an update on space utilization efforts and strategies, while University of Minnesota, Rochester Chancellor Stephen Lehmkuhle will discuss the innovative approach to facilities and space utilization implemented at UMR.
  • UMore Park: Regents will receive an update regarding UMore Park from the UMore Development LLC:  Executive Director Carla Carlson; Michael O’Keefe, chair of the LLC Board of Governors; and LLC Treasurer and University CFO Richard Pfutzenreuter.
  • Philanthropy: The University of Minnesota Foundation will provide its annual report on private giving.

For more information, go to www.umn.edu/regents.

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