BUSINESS AFFAIRS AND FINANCE 3/10/65 Edward Sloan appointed as Treasurer of the Board. 3/10/65 The Cleveland Trust Co., Central National Bank, and Union Commerce Bank designated as depositories for CSU funds. Authorized James Nance, Curtis Lee Smith, and Edward Sloan to sign all checks and other instruments disbursing University funds. 5/18/65 Public Employees Retirement System requested to study possibility of reducing CSU's contribution rate because as a new institution CSU does not have employees who can claim credit for prior service. 8/11/65 Edward Sloan, Jr. appointed Treasurer of the Board and CSU. 8/11/65 Vernon Davis appointed CSU Assistant Treasurer. 8/11/65 Treasurer authorized to invest surplus cash in government securities consistent with scheduled cash needs. 8/11/65 Curtis Lee Smith and Edward Sloan, Jr. authorized to instruct the banks to handle securities held or to be held for CSU. 8/11/65 Authorized Central National Bank, Union Commerce Bank, and the Cleveland Trust Co. to purchase, sell or otherwise deal with securities held or to be held for CSU. 8/11/65 Authorized Vernon Davis and Roger Cooper to sign all checks and other instruments disbursing funds from CSU accounts. 8/11/65 Appointed Assistant Treasurer; authorized to instruct Central National Bank, Union Commerce Bank, and the Cleveland Trust Co. to purchase, sell, or otherwise deal with securities held by or held for CSU; authorized to sign all checks and other instruments disbursing funds from CSU accounts at Central National Bank, Union Commerce Bank, and the Cleveland Trust Co. 10/19/65 Appointed Vernon Davis and Roger Cooper to deal with the Alcohol & Tobacco Tax Division of the IRS in connection with matters related to the procurement of alcohol for instructional purposes. 10/19/65 Directed the Treasurer to make a $196 total payment to the YMCA retirement program in favor of Philip Earl and Thomas Dotson to enable both to qualify for significantly improved retirement benefits. 12/13/65 Appropriate interest from short-term investments earned through 6/30/65 to be used at the President's discretion. 1/12/66 Authorized Carl Volk, assistant Finance Director, to sign all checks and other instruments disbursing University funds and rescinding Trustees' action of 8/11/65 granting authority to Roger Cooper. 4/28/66 Designated the President as the University Officer authorized to sign all applications for Federal Funds available under P.L. 88-204. 8/11/66 Rescinded authority granted to Carl Volk, 1/12/66. 8/11/66 Appointed Vice President of Business & Finance, Gordon Hansen, as Treasurer of the University, authorizing him to sign checks and other instruments disbusing funds from University depositories and to instruct the depositories to purchase, sell, or otherwise deal with securities and that he be bonded for this purpose. 5/11/67 Authorized FY 1968 faculty/staff increases totaling upto $211,000. 11/9/67 Authorized release and expenditure of up to $75,000 of unappropriated funds for purchase of instructional equipment. 3/14/68 (68-20) Formal resolution required by National City Bank and Union Commerce Bank authorizing the Trustees' Chairman or Vice Chairman, or Treasurer or Assistant Treasurer to sign checks on behalf of CSU. 4/11/68 (68-25) Authorized FY 1969 employment contracts for returning faculty and staff, with salary increases not to exceed $274,000. 5/10/68 (68-34) Established a reserve of $21,000 for contingent obligations related to application of the 1966 admendment to the Fair Labor Standards Act to universities. The reserve to be kept intact until the contingent obligation is discharged or waived. 6/13/68 (68-41) Authorized to expense during 1968 unamortized remodling of leased facilities,approximately $72,000 and to establish a reserve in amount of $130,000 for 1968-1969 remodling. 11/20/68 (68-54) Approved allocation of the $10 million to be received through State Issue No. 1. 1/9/69 (69-7) Treasurer or Assistant Treasurer authorized to invest in short-term U.S. Treasury securities and/or prime commercial paper as cash flow permits. 3/13/69 (69-16) Authorized FY 1970 employment contracts for returning staff and faculty, with compensation increases not to exceed $360,000. 5/8/69 (69-23) Until an investment committee is formed, the Administration is authorized to sell donated securities through any New York Stock Exchange member. Securities are to be sold within two business days of receipt unless contrary to the donor's manifest intent. 5/8/69 (69-23) Treasurer or Assistant Treasurer authorized to sell, assign, and transfer any and all stocks, bonds, evidences of indebtedness and/or interest, rights, and options to acquire or to sell same, and all other securities, corporate or otherwise, standing in the name of, or belonging to CSU in any capacity. 3/12/70 (70-13) Authorized 1971 employment contracts to returning staff and faculty, with compensation increases not exceeding $416,000. 5/14/70 (70-31) Approved resolution pertaining to facilities to be financed by the Ohio Public Facilities Commission. 10/8/70 (70-63) Policy & Procedure Governing Employment of Personnel with "Soft Money" approved. 11/12/70 (70-76) Authorized issuing revenue bonds for financing auxiliary student activities facilities within University Center. 12/10/70 (70-84) McDonald & Co. appointed as financial advisor for the preparation and sale of revenue bonds to be used to finance auxiliary student activities facilities within University Center. 3/10/71 (71-12) Authorized issuing 1971-1972 employment contracts to returning faculty and staff with the understanding that salaries will be adjusted to reflect appropriate increases in the FY 1972 Operating Budget. 5/21/71 (71-27) Designated the Vice President of Business & Finance as the appointing authority for non-instructional employees pursuant to Chapter 143 of the Revised Code of Ohio. 7/22/71 (71-54) Authorized issuing 1971-1972 employment contracts to returning faculty and staff with salary increases not exceeding $385,000. 12/22/71 (71-75) Central National Bank appointed as Trustee under a single open-end Trust Agreement for CSU's General Receipts Bond financing in connection with the University Center project. 2/2/72 (72-2) Adopted a General Bond Resolution providing for issuance from time to time of General Receipts Bonds, for payment of principal and interest and for securing such payments, as the basis for issuing the current and future series of bonds. 2/2/72 (72-3) Resolution, "Providing for the Authorization, Issuance and Sale of $2,200,000 General Receipt Bonds, Series 1972, of CSU, dated 2/1/72, Purusant to the Trust Agreement Dated 2/1/72", for financing the University Center Project approved. 2/2/72 (72-4) Authorized a standing Trust Agreement and Supplemental Trust Agreement with Central National Bank, providing for the issuance of General Receipt Bonds from time to time. 2/2/72 (72-5) Authorized Grant Agreement limiting the University's interest obligation to 3% on the University Center Project, as the Department of Housing & Urban Development has agreed to subsidize the project. 2/2/72 (72-6) Approved the "Statement of Relationship" and "Assignment" of annual interest grants related to a Department of Health, Education & Welfare program providing annual interest grants easing the State's financing burden on the University Center project. 2/2/72 (72-7) Established the 1972 University Facilities Project Construction Fund, a separate deposit account to receive deposits from the sale of Series 1972 General Revenue Bonds. 3/16/72 (72-15) "General Bond Resolution" (72-2), amended to date the Trust Agreement and bonds 5/1/72. 3/16/72 (72-16) Resolution (72-3) rescinded. 3/16/72 (72-17) Approved resolution dating the Trust Agreement and bonds 5/1/72. 3/16/72 (72-19) Authorized 1972-1973 employment contracts for returning faculty and staff, with total compensation increases not to exceed $470,000. 9/15/72 (72-58) Trustees' Chairman and Vice Chairman, and CSU Treasurer and Assistant Treasurer authorized to sign checks and other instruments disbursing funds from CSU bank accounts. 3/14/73 (73-5) Authorized 1973-1974 employment contracts for returning faculty and staff, with total compensation increases not exceeding $462,000. 9/12/73 (73-44) Appropriated FY 1973 Operating Budget balance for use during FY 1974: FY 1974 contract salary adjustments - $166,000; maintenance and renovation - $42,000; contingency - $16,386. 3/14/74 (74-6) Authorized 1974-1975 employment contracts for returning faculty and staff, with total compensation increases not exceeding $880,000. 3/14/74 (74-8) Approved the "Supplemental Assignment of Annual Interest Grants" under HEW Grants Agreement, as amended, for Project No. 5-5-00652-0. 4/17/74 (74-19) Appropriated $375,000 from current fund income for establishing the University Improvement Fund with the understanding that all expenditures from this fund shall be authorized by the Trustees. 6/12/74 (74-32) Finance & Administration and Buildings & Grounds Comm. authorized to review & approve projects requested by the administration, & to be charged against CSU reserve accounts, until 9/74 Board meeting... 9/11/74 (74-44) Confirmed joint action taken 7/12/74, by the Board's Committees on Finance & Administration, and Buildings & Grounds appropriating up to $23,500 from the Student Union Reserve and $129,500 from the Reserve for Building Improvemenmts for physical plant projects. 9/11/74 (74-45) Authorized $250 increases to existing 1974-1975 full-time faculty and staff employment contracts. 9/11/74 (74-46) Authorized entering into repayment agreements with banks to recover dissolved organizations funds for appropriate use by CSU, and that in event of a legitimate request for those funds by members of the defunct organization, releasing those funds to appropriate claimants. 3/19/75 (75-12) Authorized 1975-1976 employment contracts for returning staff and faculty, with total compensation increases not exceeding $1.3 million. 9/17/75 (75-53) Authorized transfer of certain inactive agency account balances in accordance with schedule for disposition of said balances. 3/10/76 (76-23) Authorized issuing 1976-1977 employment contracts to returning staff and faculty with total compensation increases not to exceed $975,000. 9/13/78 (78-47) Prescott, Ball & Turben selected as financial advisor for the issuance of University Parking Facility revenue bonds. 9/19/79 (79-55) Authorized sale of University Parking Facility 1979 Series, General Receipt Bonds. 11/30/79 (79-61) Committed $40,000 of interest earned on bond proceeds to the University Parking Facilty project. Transferred $300,000 of interest income received during FY 1980 into the plant fund to be used for financing the UPF project 11/30/79 (79-62) Rescinded Res. 79-59, of 9/19/79. 11/30/79 (79-63) Authorized issuing $2,100,000 in General Receipt Bonds to pay part of the University Parking Facility project. 1/9/80 (80-4) Authorized opening a CSU Parking Facilities Project Construction Fund Bank account at Central National Bank for deposits and disbursements of proceeds from the sale of Series 1979 CSU General Receipt Bonds. 1/14/81 (81-10) Approved having the Attorney General appoint local special counsel to litigate delinquent claims owed CSU, with CSU paying a 1/3 contingency fee based on the actual claims collected. 3/10/82 (82-21) Authorized opening a CSU Neighborhood Energy Conservation Program bank account at Central National Bank. 6/29/82 (82-50) Approved recognizing CSU's obligation for accrued vacation liability on its annual June 30 balance sheet. 6/29/82 (82-52) Approved that CSU's obligation to continue or establish new payroll deduction arrangements with a tax sheltered plan carrier shall be limited to those plans selected by at least 1% of the full-time staff. 6/29/82 (82-60) Approved proposal for handling student organization accounts between the business office and Student Services: establishes a student organization account with the Controller; describes the disbursement process; repeats rule that off-campus solicitations must be cleared with the Development Dept. 11/17/82 (82-82) Collection, Control, Banking & Disbursement Policy approved. 3/16/83 (83-24) Authorized the Treasurer or Bursar to invest in short-term U.S. Treasury securities, repurchase agreements or certificates of deposits. 3/16/83 (83-25) Approved joint supervision of CSU Development Foundation and University funds (endowments) investments. 9/26/84 (84-53) Authorized the Treasurer, President, and Vice President for Finance & Resource Planning to sign checks and other instruments disbursing CSU funds, rescinding all previous actions. 9/26/84 (84-54) Authorized President, Vice President for Finance & Resource Planning,and Director of the Legal Clinic to sign checks drawn on the C-M Legal Clinic petty cash checking account. 9/26/84 (84-55) Authorized investments in short-term U.S. Treasury securities, repurchase agreements or certificates of deposits. 1/9/85 (85-10) Authorized the Vice President for Finance & Resource Planning or Associate Bursar to invest in short-term U.S Treasury securities, federal agency securities, repurchase agreements or certificates of deposits, 1/9/85 (85-11) Authorized establishing accounts at TransOhio Savings Association, Ohio Savings Association, and Broadview Savings & Loan, in order to be in a position to take advantage of higher interest rates. 9/18/85 (85-111) Establishment of an interest-bearing account for the Legal Clinic, as required by law, approved. 11/6/85 (85-148) Policy on University Purchases approved. 1/9/86 (86-7) Authorized selling donated securities through the New York Stock Exchange firm within two days. Authorized the President or Vice President for Finance & Resource Planning to sell, assign to transfer any and all staocks, bonds, options, rights, etc., standing in the name of or belonging to CSU. 1/9/86 (86-8) Authorized a Corporate Credit Card Agreement to provide an open-end line of credit with AmeriTrust Co., under the Visa program with individual credit lines not exceeding $2000. 1/9/86 (86-9) Authorized establishing a new bank account at National City Bank to facilitate the loan program to assist faculty and staff to purchase personal computers. 1/9/86 (86-10) Authorized establishment of a separate checking account for the Co-Op Bookstore. 5/14/86 (86-38) State Treasury Asset Reserve of Ohio (STAROHIO) Program approved as an investment alternative for CSU funds. 9/25/86 (86-66) Approved re-newed authorization to acquire Federal surplus property. Authorized representatives: Associate Vice President for Administrative & Student Affairs; Director of Purchasing; and Director of Property Control. 1/14/87 (87-6) Revision of the C-M Legal Clinic Petty Cash Account signature cards approved; authorized signators: President, Vice President for Finance & Resource Planning, and Director of the Legal Clinic. 9/16/87 (87-60) Affirmative Action Policy to Increase Minority Business Participation approved. 9/16/87 (87-63) Approved establishing the CSU Health Account and the CSU Flexible Spending Account at Citibank, Delaware. President and Vice President for Finance & Resource Planning authorized as account activity signers. 1/15/88 (88-7) Approved increasing the number of credit cards issued under the Corporate Credit Card Agreement with AmeriTrust to 20, and increasing the total credit line to $40,000 or $2000/individual card. 1/15/88 (88-7) Checking account for processing Shire Coffeehouse payments for beer and wine approved. 6/21/89 (89-54) Approved delegation of authority for the approval of contracts, reflecting CSU's administrative organization. 3/16/90 (90-32) New checking account with Women's Federal Savings for the Shire Coffeehouse approved. 5/16/90 (90-42) President and Vice President of Business authorized to sign Ohio Public Facilities Commission forms for any and all projects. Agreed to permit OFPC to use sites for the purpose of proposed projects for so long as any notes and bonds issued for the projects remain outstanding. 5/16/90 (90-43) Vice President for Business and Bursar authorized to invest university funds in short-term U.S. securities. (Replaced by Res. 94-81) 5/16/90 (90-44) Authorized opening a university bank account at TransOhio Savings, Broadview Savings, and Ohio Savings, each to be used exclusively as a clearing account for interim deposits. Vice President for Business and Bursar authorized to use any of the accounts to invest university funds. 5/16/90 (90-45) President, Vice President for Business, the Legal Clinic Director, and Legal Clinic Supervising Attorney authorized to open an interest-bearing account to be used exclusively as a Client Trust Account for the College of Law Legal Clinic. 5/16/90 (90-46) Administration is authorized to sell donated securities through the New York Stock Exchange and is directed to do so within two business days of receipt unless contrary to donor's intent. 5/16/90 (90-47) President and Vice President for Business authorized as signers for the personal computer loan program's new bank account at National City Bank. 5/16/90 (90-48) President and Legal Clinic Director authorized as signers for the Legal Clinic petty cash account. 3/20/91 (91-28) Effective 3/20/91 the signature of two authorized persons (the Shire's manager, Assistant Dean for Student Life, Vice President for Business, President) will be required on all checks issued from the Shire Coffee House account at Women's Federal Savings Bank. 6/24/92 (92-33) Yearly Installment Plan for tuition approved. 3/16/93 (93-34) General bond resolution to replace the 1972 bond financing model and to be used to refund the ountstanding 1972 and 1979 series bonds. Bonds to be used to finance Viking Hall lease buy-out and renovations, Cole Center renovations & parking facility improvements. 3/16/93 (93-35) Authorized issuing bonds not to exceed $15 million at a rate not to exceed 8% Resolution sets parameters for issuing bonds. 11/17/93 (93-97) CSU will bid competitively all goods and services in excess of $10,000 and all services in excess of $25,000. CSU will, at it discretion, bid competetively any good, supply or service, when it is in CSU's advantage to do so. 11/17/94 (94-81) Resolution replaces Res. 90-43 Vice President for Finance and Administration, or Bursar is authorized to invest in short-term US Treasury securities, repurchase agreements, certificates of deposits, federal government agency securities or STAR Ohio. 5/18/95 (95-26) Approved 1-yr. contracts with Midwest Payment Services and Discover Card Services, Inc to provide credit card services to CSU. 3/13/96 (96-04) Approved policy for investing non-endowment funds. 6/12/96 (96-14) Approved "Providing for the authorization, issuance and sale of not to exceed $3,500,000 General Receipts Bonds, Series 1996, of CSU" (Parking Operations Revenue Bonds). 10/9/96 (96-28) Approved giving authority to the President and other designated administrators to approve and execute all contracts, affiliation agreements, grants, & purchase orders of less than $500,000. 1/17/01 (01-01) Approved pre-audit services agreement with PricewaterhouseCoopers. 4/9/99 (99-11) Resolution of appreciation for James Steiner's service as controller. 6/20/01 (01-44) Investment Policy for short-term investments approved. 6/26/02 (02-39) Revised Purchasing Policy approved 1/22/03 (03-01) Approved appointment of John Boyle III as Vice President for Business Affairs and Finance 1/22/03 (03-02) Approved appointment of Brian Cook as Associate Vice President for Business Affairs and Finance 1/22/03 (03-08) Approved issuance of General receipt Bonds not to exceed $43 million to pay costs of University facilities and $12 million to obtain debt service savings by refunding outstanding general receipt bonds. 3/26/03 (03-17) Approved selection of Ernst & Young for external auditing services 3/26/03 (03-20) Approved designatinbg the University as a hybrid-covered entity within the Privacy Rules of the Health Insurance Portability and Accountability Act of 1996 3/26/03 (03-22) Approved adding $2.00/credit hour to the General Fee beginning Summer Semster 2003 to provide initial planning funds for the Recreation & Fitness Center Project. Beginning Summer Semester 2004 the fee may be increased to an amount per credit hour to cover the cost to equip, operate and fund debt service. 5/26/04 (04-24) Authorized issusance of General receipts Bonds in a principal amount not to exceed $62 million to pay costs of University facilities including a student center, parking facilities, bookstore, Fenn Tower rennovations, landscaping, and other permanent site improvements to the main plaza. 9/17/04 (04-66) Established maximum amount for construction and related expenses for: Recreation Center $30 million Adminsitration Center/Howe Mansion $14.5 million Student Center Phase I & II $45 million Chester Parking Garage $ 7.5 million Fenn Tower (university proportion) $ 5 million 5/20/05 (05-33) Approved issuing a request for proposal for financial advisor. 9/16/05 (05-58) Approved investing-consulting contract with Legacy Asset Management of Hudson, Ohio. 11/18/05 (05-66) Authorized the University to enter into an agreement to establish an IUC Insurance Pool. 11/18/05 (05-74) Approved revised Investment Policy that establishes a liquidity fund and an investment fund to govern the investment of University operating funds. 11/18/05 (05-75) Revised Resolution 2004-66 to increase the maximum amounts for construction and related expenses from $14.5 to $15.8 million for the Admionistrative Center & How Mansion Project and from $45 to $65 million the Student Center project, Phases I & II. 9/15/06 (06-64) Resolution approving sufficiency of Treasuer's Bond for FY 2007 ($250,000). 11/17/06 (06-70) Approved and accepted FY2006 external audit performed by Ernst & Young. 11/17/06 (06-76) Approved selecting Fifth Third Securities to serve as financial advisor and underwriter relative to proposed 2007 University bonds issued for the student center, College of Education, parking garage/RTA transit center and related projects. 1/26/07 (07-01) Authorized issuing General Receipt Bonds not to exceed $52,135,000 to pay costs of University facilities. 3/16/07 (07-21) Approved refinancing Series 2003A and 2004 General Receipts Bonds. 6/15/07 (07-48) Authorized the changing of bank account signatures that result from routine changes in personnel. 6/15/07 (07-50) Approved $900,000 for advertising purchases during FY 2008. 6/28/07 (07-59) Approved increase in Treasurer's bond to $250,000. 11/16/07 (undistributed) Approved and accepted the FY 2007 Audit Results prepared by Ernst & Young. 1/18/08 (undistributed) Amended Board Resolution 2004-66 to increase the maximum project amount funded by University bonds by adding “Miscellaneous Campus Projects $10,000,000, which includes, but is not limited to landscaping, public art, demolition of buildings no longer needed for University purposes, renovation of academic space, and fire safety and security improvements. 1/18/08 (undistributed) Authorized Chief Information Officer to issue a blanket purchase order not to exceed $1,500,000 for each of the next three years to Hewlett Packard Company for the purpose of procuring pc equipment in standard configurations as directed by the University, with the understanding that the University, while standardizing with one vendor, is under no contractual obligation to buy exclusively from Hewlett Packard Company. 2/22/08 (undistributed) Granted University authorization to negotiate any or all of the University’s existing outstanding bonds to be able to change remarketing agents; to evaluate bonds on a continuous basis and change the enhancement vehicle from a bond insurer to a bank letter of credit and/or change some or all of the variable bonds to fixed rate bonds; and to refinance some or all of the bonds to obtain a lower net interest rate. 5/16/08 (undistributed) Plante Moran selected as the University’s external auditors, as recommended by the University and the State Auditor, for a five-year contract, commencing with the FY 2008 audit. 6/20/08 (undistributed) Authorized Vice President for Business Affairs and Finance to negotiate a lease/purchase contract with the lowest and best bidder for network equipment, installation and maintenance for five years at an aggregate cost not to exceed $7 million plus interest, subject to approval of the Board Officers. 10/23/08 (08-83) Authorized the University to enter into a Master Lease of housing beds to guarantee a debt coverage ratio of at least 1.0 to 1.0, should that be required as a condition for marketing the debt instrument, subject to the approval of the Officers of the Board of Trustees. 10/23/08 (08-86) Authorized the University to enter into contract negotiations with The Brewer-Garrett Company/FirstMetrix Corporation/URS Corporation for a Campus-wide Energy Conservation and Management Program, including solicitation of financing proposals, subject to the final approval of the Officers of the Board of Trustees. 11/7/08 (08-88) Approved and accepted the FY2008 external audit performed by Plante & Moran.