Heather Appold

The meeting addressed several key financial and programmatic items. Discussion included the review of an RFP for audit services, where three proposals were received and a review committee was established to make a recommendation. Funding for the gun range project was noted to be largely covered by a grant. The First Quarter Financial Review as of September 30, 2025, showed higher cash and investments compared to the previous year, driven by increased student payments, although property tax receipts were lower. Operating expenses were up, primarily due to increased salary and benefits costs, and planned software purchases. A significant proposal involved the potential deactivation of the Wood Science Technology Program due to low enrollment and the initiation of a partnership with Michigan State University to offer an Associate of Applied Science in Forest Technology by fall 2026.

The meeting included discussions on the need for a state-operated veteran cemetery in Northern Michigan. Updates were provided on workforce development initiatives, new partnerships with Michigan Works and local schools, and potential apprenticeship opportunities with North Star Energy. The Convergint project for security cameras and door hardware was also discussed. Recent federal changes mean some DEI-related grants are being automatically rejected by AI systems and colleges should review all programs to ensure compliance.

The meeting included updates on organizational matters, such as plans to reorganize office spaces. The board members reviewed their self-evaluation results, which showed strong alignment with the college's mission and strategic direction. The board also discussed objectives for the spring retreat, during which goals will be updated and new ones added.

The Finance Committee meeting was convened to review the findings from the June 30, 2025, financial audit presented by Rehmann and Associates. The audit report indicated a clean, unmodified opinion, with no material misstatements. Discussions covered the College's financial statements, highlighting an increase in total assets due to higher investments and a shift in the OPEB plan. Total liabilities decreased due to bond payoffs and a reduction in net pension liability. The fiscal year-end financial statements showed a net position of $35.4 million, with operating revenues at $8.6 million and operating expenses at $17.2 million. The cash flow sections were reviewed, noting changes in operating activities, non-capital financing activities, and an outflow due to the early payment of bonds. Accounting policies, including accrual basis, estimates, balance sheet items, investments, and capital assets, were also detailed.

The meeting included a presentation of the audit by Rehmann, highlighting a clean opinion on the financial statements and a significant improvement in the unrestricted net position. A presentation was also given by Finalsite, a web consultant, focusing on website development to re-engage the community and support long-term growth. The board approved revisions and reviews of several student services and business policies. The Foundation's growth and success at the Gaylord site were discussed. Kirtland will serve as the premier sponsor for the PCO game at Gaylord High School, and is negotiating with Dynamic Bus Ads for a fully wrapped bus featuring Kirtland branding.