The state budget, as you know, is still out there. There is not a state budget and probably
there won’t be any movement before the November elections. However, there might be
movement after. Most likely we will go into January and the next legislative session without a
state budget. We are still holding our cut that we had last year because we know we are going to
have to give it back at some point.
I The final vote on the Southem Association of Colleges and Schools (SACS) accreditation l
will occur in December. SACS will determine whether Murray State has fulfilled all the
promises that we made. Drs. Tim Todd, Sandra Jordan and Gary Brockway have been very
instrumental in their work with SACS. It has been a very comprehensive effort. Every ten years
you are accredited by the Southem Association of College and Schools. This determines whether
the University gets federal aid as well as whether it is considered one of the peer institutions. We
already have some indications that we will be alright as long as we do what we said we are going
to do to make many of the changes.
We are up 324 percent in fund raising but it is only two months into the year. Most of
that is from an Implant Technology gift. This will level out and hopefully continue on a much
more consistent pattern of increasing 8 to 10 percent.
The Library Renaissance Funds for Knowledge effort continues. There are plans and
blueprints laid out for the Board to see. We are hoping to raise anywhere from $7 to $10 million
at the end of this effort so that we can really make the Library our foundation for infomration and
the foundation for our campus. _
` - The Recreation and Wellness Center continues to be on schedule and we are
i anticipating opening it in December. It is coming along well. It is going to be a
` very important part of student life on our campus.
- The Innovation and Commercialization Center (ICC) Incubator has not received a
lot of publicity but it is under construction on the northwest side of campus. This
incubator is being funded by federal assistance from the Tennessee Valley
Authority, Economic Development Administration, as well as from the State New
Economy dollars that provided funding for the $3 million facility. This will
enable new entrepreneur business opportunities to come into that facility and give
them one to three years of start-up activity. The best way to describe it is our own
mini-research park to help get these organizations kicked off.
- Plans are underway to secure a bid for the Agriculture Equine Classroom Facility.
Once we have signed the contract construction should begin within a month or
two on the classroom facility, This is Equine Tmst money from the state. This
fund is completely separate from any other resources. This will give us locker
rooms and equine classrooms for our 100 plus equine students that keep their
horses out in our agriculture area.
— The Biology Building is open and we have had our Ribbon Cutting. Students are
in it, we are learning in it, we are interacting, laboratories are functioning.
With regard to residential colleges, President Alexander asked Oliver Muscio, head of the
Residential College Association, to comment on the progress of our residential college effort this
year. For the new members of the Board, Dr. Muscio gave a brief overview of the Residential