Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

June 22-23, 2004 29143Any fundraising activity, whether on behalf of students, faculty/staff, schools, or programs, mustbe approved by the Vice President for Development.President Wiley recommended the Board of Regents approve the revised CU/RSUBoard Policy Manual.Regent Stuart moved approval of the recommendation. The following voted yes onthe motion: Regents Everest, Clark, Stuart, Weitzenhoffer and Wade. The Chair declared themotion unanimously approved.PERSONNEL POLICIES & PROCEDURES MANUALIn Spring 2000, the Board of Regents approved the initial Manual. Since that time,any changes made have been non-substantive. With approval on December 3, 2003 of the Boardof Regents’ Policy Manual for Cameron University and Rogers State University, the Universityhas revised the Manual and incorporated the necessary changes to reflect compliance with theRegents’ Policy Manual for Cameron University and Rogers State University. It now isrequested the Rogers State University Personnel Policies and Procedures Manual be accepted asthe personnel policies and procedures compendium for use by Rogers State University. LegalCounsel has reviewed and approved the revised Manual.B.The manual was included for review and approval, and is attached hereto as ExhibitPresident Wiley recommended the Board of Regents approve the Rogers StateUniversity Personnel Policies and Procedures Manual.Regent Weitzenhoffer moved approval of the recommendation. The following votedyes on the motion: Regents Everest, Clark, Stuart, Weitzenhoffer and Wade. The Chair declaredthe motion unanimously approved.RESTATEMENT OF FLEXIBLE BENEFIT PLANRogers State maintains a flexible benefit plan for eligible employees of Rogers State.The Plan offers certain tax-qualified health benefits to eligible employees of the University. ThePlan is intended to meet the requirements of Section 125 of the Internal Revenue Code. TheCode requires that the Plan meet certain Code requirements. The Plan is being amended tocomply with recent changes in the Code.President Wiley recommended the Board of Regents approve the amendment andrestatement of the Rogers State University Flexible Benefit Plan as detailed above.Regent Wade moved approval of the recommendation. The following voted yes onthe motion: Regents Everest, Clark, Stuart, Weitzenhoffer and Wade. The Chair declared themotion unanimously approved.RESTATEMENT OF RETIREMENT PLANRogers State University maintains a defined contribution retirement plan for eligibleemployees of Rogers State University. The Plan is intended to meet the requirements of Section403(b) of the Internal Revenue Code. Only full-time employees of Rogers State University are