Some members of Baylor's Board of Regents are unhappy, over a delay in the release of a report on the school's finances.

The report issues cost-cutting directives to the school's administration.

The Baylor Board of Regents met last Thursday and Friday and heard the reports of two committees charged with looking into concerns on campus.

The academic committee's report addressed current policies regarding hiring faculty and granting tenure, and relations between faculty and senior administrators.

The other committee looked into Baylor's financial standing.

After the meeting, the administration released full details of the academic committees findings, but not of the finance committee's.

Those weren't released until Monday afternoon, and there are significant issues that were not mentioned on Friday.

Committee members directed the university to present the regents with a balanced budget at the board's May meeting.

That was included in what the media received Friday.

What was not included is the specific language the Regents used, "with particular emphasis on administrative and all other areas not directly affecting the delivery of education to Baylor students."

They also directed the university to revise its long term financial plan, which was included in Friday's release.

What was not included was that the regents directed the university to "extend achievement of vision 2012 at least three years."

The Regents want the university to reassess it's capital expenditure plan.

Not included Friday was the specific language the Regents used, "and the related borrowing plans."

And perhaps most significant and not included in the press release from Baylor Friday was the directive that the university sell its $2.3 million jet.

There are questions about why this information wasn't released Friday, questions raised by some Baylor Regents.

They took issue with the delay when they learned the information released Friday was, in the words of one Regent, "incomplete and inaccurate."

The Regent also said, "The Regents are more upset today than they've ever been."

Another Regent said, "We feel like there should have been more said so it would show people we did more."

Baylor issued this statement today, "The release today [Monday]contains additional information from the Regent Audit Review Committee beyond what was included in last Friday's general news release about the board meeting."

The Regents we talked to Monday didn't want us to use their names, but they indicate many other Regents are angry as well. They also say it was a core group of Regents who directed the university to release the full report no later than Monday.