June 11-13, 2024 Recap

June 13, 2024

The Board of Regents met June 11-13, 2024 at the University of Iowa Levitt Center for University Advancement in Iowa City. Selected items discussed are outlined below. View the full agenda here.

2024-25 Tuition and Fees VIDEO
The Board approved tuition and fee rates for the 2024-25 academic year. The rates increase resident undergraduate tuition by 3% at the University of Iowa and Iowa State University, and 2% at the University of Northern Iowa. In addition, varying tuition rates for non-resident and graduate and professional students, as well as differential rates for certain programs, were approved.

These rates follow a $12.3 million (2.5%) increase to general university appropriations for FY 2025, as enacted by the Iowa General Assembly. UI will receive $5.45 million, ISU will receive $4.35 million and UNI will receive $2.49 million. The Board had requested an appropriations increase of $14.8 million in September 2023.

Funding from the proposed tuition increases will help address growing financial challenges, including inflationary cost increases, recruiting and retaining faculty and staff in national markets, meeting collective bargaining terms, deferred maintenance needs in academic facilities, and student financial aid opportunities.

Evaluations and Compensation VIDEO
The Board held its annual evaluations of the institutional heads and executive director. Following evaluations, the Board approved the following compensation plans:

Executive Director Mark Braun:
Establish a new deferred compensation plan commencing on July 1, 2024 and terminating on June 30, 2026 with annual contributions of $155,000.
Establish a new employment agreement for a term commencing July 1, 2024 through June 30, 2029, with three 1 year options to renew.

UI President Barbara Wilson:
Authorize a $60,000 increase to her annual base salary effective July 1, 2024.

ISU President Wendy Wintersteen:
Authorize a $60,000 increase to her annual base salary effective July 1, 2024.

UNI President Mark Nook:
Authorize a $25,000 increase to his annual base salary effective July 1, 2024.
Exercise the option to renew his employment agreement through June 30, 2027.
Amend the 2018 deferred compensation plan to extend the term through June 30, 2027 and include the following additional contributions:
$100,000 annually during the period commencing July 1, 2025 and terminating June 30, 2027.

Farewell to Regent Crow VIDEO
The meeting was the final meeting for Regent Abby Crow, who has served on the Board since her appointment in 2021.

Academic Affairs Committee VIDEO
The Academic Affairs Committee received a presentation on supporting students and faculty with open education resources and approved the UI Implementation Science Center.

Property and Facilities Committee VIDEO
The Property and Facilities Committee approved the UI Register of Capital Improvement Business Transactions, which included expansions to the Tippie College of Business and UIHC John Pappajohn Pavilion Maternity Services, among other projects. The committee also approved an ISU CYTown lease agreement with McFarland Clinic.

Read More: CYTown Development Lease

Free Speech and Student Affairs Committee VIDEO
The Free Speech and Student Affairs committee received an update on Title IX changes.

Governance, Evaluation and Human Resources Committee VIDEO
The Governance, Evaluation and HR Committee approved personnel appointments, including the appointment of Jason Keith as Senior Vice President and Provost at Iowa State and Megan Franklin as Director of Athletics at UNI. In addition, the committee approved FY 2025 salary policies, updates to ISU’s professional and scientific pay grade structure and student insurance rates, and the UI pharmaceuticals incentive plan.

Investment and Finance Committee VIDEO
The Board received the quarterly investment report from Marquette and approved an additional fund manager at UI.

Audit and Compliance Committee VIDEO
Board Chief Audit Executive Chad Sharp presented internal audits for the committee’s consideration. Deputy Auditor of State Brian Brustkern presented state audits.

UI Health Care Committee VIDEO
The committee received the UIHC presentation from VP for Medical Affairs and Dean of the Carver College of Medicine Denise Jamieson, Associate VP of UI Health Care and UIHC CEO Bradley Haws, and Associate VP for Finance and UIHC CFO Mark Henrichs. The Board approved a 6% chargemaster rate increase for UI Health Care’s clinical enterprise, effective July 1, 2024.

Public Comment VIDEO

Speakers presented to the Board on a variety of topics:

Cary Stough, UI graduate student – Grad student fees
Amanda Kozar, UI graduate student – Grad student issues
Emma Denney, UI alum – RVAP, DEI, emergency wage increase
Clara Reynen, UI graduate student – Educational partnerships
Noah Neiber, UI graduate student – Student fees
Nicole Yeager, UI graduate student – Experience as a grad worker parent with reduced training access
Aileen Tierney, UI graduate student – Abolishing mandatory fees for doctoral students

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