Council of Deans Business Meeting, July 16, 2012, Kissimmee, Florida

The Board of Directors approved the budget for fiscal year 2013, which includes provisions for implementing the new Academic Research Fellows Program and expanding occupancy of the headquarters property into space previously sublet to another tenant. Because of leveling revenues generated by PharmCAS applications and new membership dues, the Board of Directors approved allocation of short-term investment funds, if necessary, to provide support for additional program growth and development opportunities. * The Board of Directors approved a proposed revision to the Bylaws based on the work of the Governance Task Force to redefine Sections, based on the needs of faculty, administrators, and professional staff, to ensure that all members have a Section home in the Association. The WebADMIT transition will be complete by the 2013-14 cycle. * AACP Vice President of Policy and Advocacy Will G. Lang provided an update on legislative and advocacy activities and the work of the AACP Advocacy Committee around interprofessional education, payment policy (provider status), education quality, and medication adherence. * AACP Vice President for Research and Graduate Education Yuen-Sum (Vincent) Lau provided an update on the Association's activities in the areas of research and graduate education, including continuing outreach to member institutions, increased research support for new faculty members, the Academic Research Fellows Program to begin in spring 2013, development of a framework for faculty mentoring, research advocacy, a Web-based grant database for customized searches and benchmarking, and Web-based information on graduate programs at AACP member institutions to facilitate student recruitment and searches by prospective applicants.