NEW JERSEY INSTITUTE OF TECHNOLOGY
BOARD OF TRUSTEES
MINUTES OF PUBLIC MEETING
(June 6, 2013)
The meeting was called to order by Chairperson Wielkopolski at 1:27 p.m. in Eberhardt Hall,
NJIT Alumni Center Boardroom, NJIT Campus, Newark, N.J. Also in attendance were ChairElect DePalma, Vice Chair DeCaprio, and Board Members Beachem, Cistaro, Dahms, Garcia,
Knapp, and Raia. Absent: Board Members Bone, Slimowicz and Sugla. Administrative
members in attendance included President Bloom, Treasurer Mauermeyer, Secretary Stern,
Interim Provost Deek, Vice Presidents Turner, Dees, Fey, and Sebastian.
1. In accordance with the New Jersey Open Public Meeting Act, Chair-Elect DePalma read the
following statement:
“Notice of this meeting was provided to the public as required by the
New Jersey Meeting Act in the Schedule of Meeting Dates of the
Board of Trustees of the New Jersey Institute of Technology, which
was mailed to the Star Ledger, The Herald News and the Vector on
July 19, 2012. This Schedule was also mailed to the City Clerk of
Newark on July 19, 2012 for filing with that office and posting in
such public place as designated by said Clerk.”
2. There were no members of the public for the public comments portion of the agenda.
3. BY A MOTION DULY MADE BY MR. KNAPP, SECONDED BY MR. CISTARO AND
UNANIMOUSLY APPROVED (except that Chairperson Wielkopolski abstained with
respect to the meeting of April 16, 2013 due to her absence on such date), the Board voted to
APPROVE MINUTES OF THE APRIL 16 AND MAY 23, 2013 MEETINGS OF THE
BOARD OF TRUSTEES.
4. BY A MOTION DULY MADE BY DR. DeCAPRIO, SECONDED BY MR. KNAPP AND
UNANIMOUSLY APPROVED, the Board voted to APPROVE PROMOTION AND
TENURE RECOMMENDATIONS FOR 2013-2014, as set forth in the memorandum of June
6, 2013 from Dr. Bloom to the Board of Trustees.
5. BY A MOTION DULY MADE BY MR. RAIA, SECONDED BY MR. DAHMS AND
UNANIMOUSLY APPROVED, the Board voted to APPROVE RESOLUTION TO
AUTHORIZE EXPENDITURE FOR ELECTRICITY AND NATURAL GAS FOR FY
2014.
6. BY A MOTION DULY MADE BY DR. DeCAPRIO, SECONDED BY MR. CISTARO
AND UNANIMOUSLY APPROVED, the Board voted to APPROVE THE
NOMENCLATURE CHANGE FOR THE M.S. IN PHARMACEUTICAL
BIOPROCESSING TO THE M.S. IN BIOPHARMACEUTICAL ENGINEERING.
7.
BY A MOTION DULY MADE BY DR. DeCAPRIO, SECONDED BY MR. DePALMA
AND UNANIMOUSLY APPROVED, the Board voted to APPROVE RESOLUTION TO
1 DISCONTINUE THE MASTER OF PUBLIC HEALTH, JOINT PROGRAM WITH
RUTGERS-NEWARK AND UMDNJ.
8. BY A MOTION DULY MADE BY MS. WIELKOPOLSKI, SECONDED BY DR.
DeCAPRIO AND UNANIMOUSLY APPROVED, THE BOARD VOTED TO APPROVE
GATEWAY RESOLUTION.
9.
Vice President Fey gave an update on enrollment. We have an increase in projected Fall
2013 Freshmen, though our graduate enrollment will decrease, with an overall increase of
202 students, for a projected enrollment of 10,130. We need an analysis on our comparators
and an analysis of our recruitment plan. We are going out with RFP’s to retain these
services.
10. There was a discussion of the status of the Warren Street Village. The Honors College will
be fully occupied. At this point 90% of the Greek Village houses will be occupied by the
Greek organization, with the remainder filled by NJIT students. There are Greek houses
that maintain a presence on both King Blvd. as well as in the Village. There is momentum
with the fraternities to the move to the Greek Village. We will no longer directly contract to
use the University Housing across on Central Avenue for university housing.
11. Vice President Dees also gave a report on Gifts and Funding Raising Activities, as well as a
Report on the NEXT campaign. The amount of alumni contributions has increased 121%,
and the number of alumni donors is up 8%. The total dollars to date is up 16%. Chair-Elect
DePalma requested that the percentages be highlighted in the Board materials. Dr. Dees
also gave a report on the NEXT campaign. We have received $109,175,501 in gifts and
pledges. He highlighted recent activities, including receipt of a gift from the Michaud estate
in excess of $3 million, as well as noted planned university campaign visits and upcoming
events.
12. Treasurer Mauermeyer discussed the Operating Statement Year to Date, and the Schedule of
Short Term Investments. Referencing the materials in the Board book, we are on target with
tuition receipts and our State appropriation appears to be on target as well. All expenses
continuing through May are on target. We have reallocated salary savings for this fiscal
year to be used for the purchase of equipment. We do keep major expenses to the end of the
fiscal year. We are targeting a net of revenue over expenses. With respect to our short term
investments, we have $76 million in working capital, which compares favorably to last year.
This will cover the summer payroll. This is not generating a lot of interest, and the cash
balance will decrease over the summer as there is no significant new cash receipts expected.
We will have a scheduled budget hearing on July 16th; the Board will get an FY ’14 budget
package for the meeting of July 25th.
13. Chair-Elect DePalma read a resolution regarding Closed Session to discuss Personnel, Real
Estate, Contract and Legal Matters to be held on Thursday July 25th, 2013 at 10:00 a.m. at
Eberhardt Hall Alumni Center Board Room, to discuss personnel, real estate, contract and
legal matters. The following resolution was read and approved by all Trustees present.
2 WHEREAS, there are matters that require consideration by the Board of Trustees that
qualify under the Open Public Meetings Act for discussion at a closed session;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Trustees shall have a closed
session to discuss matters involving personnel, real estate, contract and legal matters to take
place on Thursday July 25, 2013 at 10:00 a.m., Eberhardt Hall, NJIT Alumni Center Board
Room.
The next Public Session of the Board will take place on Thursday, July 25th, 2013 at 1:00
p.m., Eberhardt Hall Board Room, following the Closed Session of the Board.
The public session adjourned at 1:50 p.m.
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