Minutes of the Board of Directors of the University
November 25, 2002, In Open Session
The annual meeting of the Board of Directors of the University of Louisville Medical School Fund, Inc. was held on Monday, November 25, 2002 at 1:00 p.m. in the Jefferson Room of Grawemeyer Hall with members present and absent as follows:
Ms. Jessica S. Loving, Chair
Mr. Ulysses L. Bridgeman, Jr.
Ms. Virginia C. Brown
Mr. Tommie Burns, Jr.
Ms. Linda Wallbaum Cauble
Mr. Kevin D. Cogan
Prof. David Ensign
Mr. Nathaniel E. Green
Ms. Joyce Hagen-Schifano
Mr. Grant Helman
Mr. Christopher J. Marlin
Mr. J. Chester Porter
Mr. Mike Livingston
Mr. William Mulloy, Sr.
Ms. Sandra Metts Snowden
Ms. Elizabeth Worland
Ms. Marie K. Abrams
Mr. Owsley B. Frazier
Ms. Mary A. Yarmuth
From the University:
Dr. James Ramsey, President
Dr. Shirley Willihnganz, Acting Provost
Ms. Angela D. Koshewa, University Counsel
Mr. Joseph S. Beyel, Vice President for Development and Alumni
Mr. Daniel Hall, Vice President for University Relations
Dr. Nancy Martin, Vice President for Research
Mr. Ronald Moore, Vice President for Information & Technology
Mr. Larry Owsley, Vice President for Finance & Administration
Dr. Larry Cook, President, UofL Medical School Fund, Inc., and
Professor and Chair, Pediatrics
Mr. Michael Curtin, Director, Planning and Budget
Ms. Terri Rutledge, Asst. VP for Administration
Ms. Mordine Taylor-Archer, Office of the Provost
Dr. Blaine Hudson , Chair, Pan-African Studies
Ms. Carolyn Cochran, Assistant to the Provost
Ms. Rae Goldsmith, Associate VP for Communications & Marketing
Mr. Kevin Miller, Associate Athletics Director
Ms. Kathleen Smith, Assistant Secretary
Ms. Trisha Wolf, Board Liaison
Ms. Debbie Dougherty, Board Liaison
I. Call to Order
Having determined a quorum present, Chair Loving called the meeting to order at 1:05 p.m.
II. Action Item: Approval of Minutes, November 26, 2001
Mr. Livingston made a motion, which Mr. Mulloy seconded, to approve the minutes of November 26, 2001. The motion passed.
III. Information Item Regarding Annual Report of the Professional Practice Plan
Dr. Cook, President of the UofL Medical School Fund, Inc., shared the following annual report with the Board. The Practice Plan generated $3.3 million for the Dean’s Fund from contributions for plan year 2001. Sixty-seven percent (67%) of these funds supported the Dean’s Office, which includes Administration, Admissions, Student Affairs, Faculty Affairs, Curriculum, Faculty and Student Advocacy, Financial Affairs, Financial Aid, and Faculty Committee Office. Thirty-three percent (33%) of the funds supported various departments of the school. In addition to the Dean’s Fund, the faculty, through their departmental practice groups, have contributed an additional $16.5 million in support of academic programs of their respective departments.
Dr. Cook reported that during the year, the Dean’s Office contracted with Deloitte and Touche to perform agreed-upon procedures to test the compliance of four departments for calendar year 2001. The four departments audited have clean audits with one department making a modest overpayment to the Dean’s Fund. He reported that credits against current obligations will offset the overpayment.
There being no further business to discuss, Mr. Green made a motion, which Mr. Helman seconded, to adjourn the meeting at 1:08 p.m. The motion passed.