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

June 22-23, 2004 29195• Total available resources of $510.5 million exceeded expenditures of $449.2 million,resulting in a net increase of $61.3 million.• Education and General resources of $278.0 million exceeded expenditures of $228.0 million,resulting in a net increase of $50.0 million.• Of the fourteen major auxiliary enterprises and services units (those generating year-to-daterevenues of $1.5 million or more), twelve are reporting net increases to the bottom line. Thetwo reporting decreases have, with the exception of the Athletic Department, accumulatedsufficient reserves to fund their respective losses.HEALTH SCIENCES CENTER• Total available resources of $501.2 million exceeded expenditures of $480.4 million,resulting in a net increase of $20.8 million.• Education and General resources of $94.7 million exceeded expenditures of $83.0 million,resulting in a net increase of $11.7 million.• Of the three major auxiliary enterprises and service units (those generating year-to-daterevenues of $1.5 million or more) all are reporting net increases to the bottom line.• Professional Practice Plan (PPP) resources of $150.6 million exceeded expenditures of$145.3 million, resulting in a net increase of $5.3 million.This report was for information only. No action was required.QUARTERLY REPORT OF PURCHASESThe Board of Regents’ policy governing the buying and selling of goods and servicesstates that:I. Purchases and/or acquisition of goods and services over $125,000 must besubmitted to the Board for prior approval; andII. Purchase obligations between $50,000 and $125,000 must be reported quarterly tothe Board as an information item. Sole source procurements in this category mustalso be reported and identified as such.The quarterly report for II above is shown below.QUARTERLY REPORT OF PURCHASESFebruary 1, 2004 through April 30, 2004Item DescriptionCampus-DepartmentVendorAwardAmountExplanation/JustificationPURCHASE OBLIGATIONS BETWEEN $50,000 AND $125,000