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Finance and Audit Committee and Board of Regents (Joint Meeting)
Minutes of the Meeting of June 1, 2007

The Finance and Audit Committee of the Texas Woman’s University Board of Regents met on June 1, 2007 at 11:00 a.m. at the TWU Parkland Campus. Present were Mr. Harry Crumpacker, Ms. Tegwin Pulley, Dr. Cecilia Moreno, Dr. Lou Rodenberger, Mr. Mike McCullough, Mr. George Schrader, and Ms. Sharon Venable. The joint meeting was called to order by the Chair, Mr. Crumpacker, a quorum being present.

The Regents first heard a report from Hester Capital Management with regard to the Texas Woman’s University Endowment Funds. This was followed by a Legislative Update reflecting actions of the 80th Legislative Session and how it affected on TWU.

Dr. Brenda Floyd, Vice President for Finance and Administration, next presented a Budget Overview for FY 2008, assisted by other TWU administrators. The Regents then heard a general summary of TWU flood damage and a campus safety report.

A motion was made by Ms. Pulley, Vice Chair of the Board, which was seconded by Dr. Rodenberger to approve the purchase of property at 627 Grove Street, Denton, Texas, which is within the TWU Master Plan Area, for not more than the appraised value; to authorize payment for this purchase from the Pledged Auxiliary Fund Balance for such purpose; and to authorize the Vice President for Finance and Administration to sign all papers and do all things necessary for the completion of the transaction, which motion was unanimously approved by the Board.

Dr. Floyd concluded the meeting by reporting on the activities of the Office of Finance and Administration.

There being no further business, the meeting was adjourned.

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