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?tf CodejC m 1 I a Health & Fitness makes current Mph'c Baseball team go 4 for 4 in Mesquite. Inside p 13 headlines again. Inside pp 8-9 February 26, 1997 Serving the Students of UVSC for 25 years Truck Overturns: Road Cracks Under Pressure tlL 1 rifr -- AS i . (Above) A diesel truck transporting dairy products overturned near Timpview High School on Wednesday, Feb. 19, 1997. The truck overturned when the road beneath the trailer collapsed. Police reports indicated that the load was too heavy for the road. (Right) The driver of the overturned truck surveys the damage as authorities arrive to determine the cause of the road collapse. The truck was later removed and authorities are making arrangements to have the road repaired. Photo by Hoon Yi Volume 26 Number 27 Colleges Have Soaring Investment Portfolios Salt Lake City (AP) Utah's nine colleges and universities have seen steep gains in their investment portfolios, fueled in large part by the soaring stock market. The total value of the Utah System of Higher Education's average investment portfolio shot up more than $85 million to $766.8 million last year. While most of the growth came from higher operating revenues and aggressive capital campaigns, some of the steepest increases can be traced to the equity-rich endowments.For example, University of Utah finance officials estimate 16.3 percent growth in their $150 mil lion endowment tuna, wrucn is heavily invested in stocks and mutual funds. Though it was impressive growth, it was slight lower than the national average. Arnold B. Combe, the university's assistant vice president for financial and accounting services, said unlike the more conservatively invested operating funds, endowment funds have been riding high on the stock market. "The endowment pool is invested differently because the money is there in perpetuity," Combe "said. "In a downturn (in the stock market), there is no requirement that we sell and take a loss. We can ride it out." Last year, the nine schools in the system invested about $14 million in stocks and another $100 million in mutual funds, mostly from their endowments. At the University of Utah, roughly 60 percent of the endowment pool is invested in stocks, and the remaining 40 percent is in fixed income investments, said investment manager David B. Heaps.-That mix is typical for endowment funds nationally. Also, the university has pooled many of its investments with colleges and universities nationwide through the common Fund, a mutual fund tailored to higher education, Heaps said. While Utah's college endowment funds were taking advantage of the boom in the stock market, the rest of the higher education system's money was restricted by law to short-term and low-risk investments. Changes in Student Fees: Tbition Fees Not Increasing Individual Class Fees May Increase Under 1997-98 Fee Recommendations Chris Fankhauser Managing Editor The Board of Trustees recently reviewed and passed the Student Fee proposal from UVSC's student government. The bill was reviewed over a number of weeks and was presented to President Kerry Romesburg, who then took it to the Board ofTrustees. The new fee schedule does not increase the cost of tuition at UVSC, but some individual course fees may be effected by the allotment of student funds. Two years ago the course fee involved with computer assisted classes and lecture courses was discontinued. That fee has been re-instated under the new recommendations.The new allottment schedule is as follows: The following funds have been recommended to stay con stant: Athletics Alumni Computer Insurance Activity Center Testing Center $14.42 $ 1.26 7.42 4.20 1.82 .70 S $ $ The following have been recommended to decrease: Library $1.00 General Instruction $0.00 The following have been recommended to increase: Student Programs $27.50 Union Building $52.50 Student Center $26.93 Wellness Center $ 2.25 The total cost of student fees remains at $140.00. The two major increases are the building fund and the student program fund which both increase by $5.00. Student body President Phil Clegg explains these increases: "We allotted an extra $5.00 to the building fund in order to plan for the future. We believe that to be a wise investment."The $5.00 allotted toward the building fund will not be used to upkeep the building but will be poolea for use in the future to expand the student center, or similar proposed projects. The increase in student programs will be used to cover growing costs to maintain a current student body. The fee will cover 10 full-time employees, 5 part-time employees, outdoor recreation, student media and newspaper, volunteer services, intramurals, theater, I.D See Tuition, p 4 Tht folkxring is a list of noils occurring on UVSC camyus or the surrounding communities. Send VOW Across Qimyus information to The College Times, at UVSC. SC 214. Please limit iour entries to 50 words or less. Job-Career Fair '97 Wednesday, Feb. 26, 1997 from 8 a.m. to 1:30 p.m. in the UVSC Hall of Flags. This is a great opportunity where students and graduates can shop while looking for "good jobs" and employment opportuni ties" in their career fair. Representatives from over 50 of Utah's top companies and organizations will be there. DON'T MISS IT! i Freedom Festival ylh Ambassadors are 4fc holding auditions for their annual parade on Apr. 12, 1997 10 a.m. sharp in UVSC PE 112. Dance experience is helpful. Must be 18 years old and in excellent physical condition. Rehearsals will be held twice a week from May 1 tlvrough July 3. , , , "Exceptional ilUi Individuals in Society" will be See Across Campus, p 4 ILL! J III milltlM.!-'!!
|Title||UVSC College Times, 1997-02-26|
|Description||UVSC College Times was the student newspaper for Utah Valley State College from July 07, 1993 to June 2, 2008|
|Publisher||Utah Valley University|
|Subject headings||Utah Valley State College--History; Utah Valley University--History; College student newspapers and periodicals;|
|Source||The College Times, 1997-02-26|
|Rights||Copyright 2013 Utah Valley University|