Skip to Navigation Skip to Main Content

UNT board continues fall meetings

Profile image for By Jenna Duncan
By Jenna Duncan

Regents expected to vote today on budget, capital projects plan

FORT WORTH — The University of North Texas Board of Regents is expected to vote today on the university budget and a capital projects plan, after briefings Thursday.

The board will also meet in an executive session today at the UNT Health Science Center to discuss its ongoing financial issues, “evaluation and compensation” for System Chancellor Lee Jackson and leasing property in Frisco for offices and classrooms.

This year, UNT’s proposed budget accounts for $675.8 million in revenues and $642.9 million in expenses.

Major changes include allocating $5.5 million for merit raises for faculty and staff and $7.37 million for academic affairs, like hiring more faculty and increasing salaries for academic advisers.

While the reformatted budget has moved past fiscal problems with benefits from the state, the system is still working on fixing financials.

In a presentation to the board Thursday, Janet Waldron, vice chancellor for finance, outlined the work still remaining. Because of the workload, the board will also vote today on keeping on consultants. The system has worked with Deloitte & Touche since issues with misusing state funding were uncovered in early 2014.

Since then, they have undertaken chucking all of the system’s accounts and looking at reporting processes.

The proposed contract is to help with continuing to double check numbers, audit the system and work on the system’s year-end closing statement, Waldron said.

It will cost more than $1 million, though an exact estimate was not provided because it will be based on the amount of hours the consultants put in this fiscal year.

“While we’re stepping down significantly with our use of outside consultants now that we’re bringing staff on and getting staff trained, we still have a very heavy workload and need some specific assistance,” she said.

Regents were also briefed on capital plans for the system and all three campuses.

Planned projects in Denton, which are up for board approval today, total $19.6 million and include renovating the old Sack and Save building with $3 million and $15.5 million to renovate the Science Research Building.

 

JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @JennaFDuncan.