Laurie E. Flood

The meeting included the approval of minutes. Key discussions involved remarks by the Chairman, noting the lengthy but productive committee meetings covering enrollment, advancement, foundation, and finance. The administration is implementing data-informed decisions in advancement, including a multivariable testing process, and reported receiving large gifts totaling $1.5 million towards a peer and a scholarship. The strategic plan progress is being monitored quarterly via updated scorecards. Updates were given on communication strategy, increased web presence, and a positive visit from Four-Star General Reed from Transcom regarding the school's capabilities in national emergencies. Federal and state funding efforts, including nearly $4 million in CDS grants for simulator outfitting and infrastructure, were highlighted. The introduction of the new Chief of Staff, Shane Moans, an alumnus with extensive academic and professional qualifications, was noted. The Athletics report detailed high retention rates for recruited athletes, noting a 90% retention rate over the last five years, with many graduating athletes who did not participate in sports their final year. The cumulative GPA for student athletes was reported at 3.1 for the last semester, marking the 19th consecutive semester above 3.0. The volleyball team won their conference and reached the NCA tournament. The Committee report covered the successful January exam cycle, with 38 midshipmen passing, including 18 achieving perfect scores, and preparations for the next exam session during spring break.

The Chairman's Report acknowledged the leadership team's efforts and noted that several By-Laws and Resolutions required board consideration. The President's Report highlighted the growth and transformation of the Brunswick facility, success of the recent career fair, and commended staff and students for a productive fall semester. The Athletics Report provided updates on sports team performance, including an undefeated volleyball team and a Men's Cross-Country Champion, and noted the hiring of a new Men's Wrestling Coach. The Commandant's Office reported on a successful Regiment phase with decreased attrition and increased sophomore leadership, noting future training will shift to the new training ship. The Ship Update indicated that the shipyard and bearing manufacturer reached an agreement on equipment failures, with details pending legal review. The Waterfront Update detailed progress on the new pier project, noting strong contractor relations but also staffing challenges within the department. The Ad-Hoc Enrollment Committee presented findings focusing on undergraduate enrollment in Castine, affordability concerns, and the need for investment in marketing and housing capacity to support a target enrollment of 1,100. The Advancement Committee reported fundraising progress ahead of the annual goal, discussed stewardship practices like handwritten thank-you notes, and highlighted the transition to more structured corporate partnerships. The Education Policy Committee reported on high Coast Guard license exam pass rates, ongoing NECHE preparation, progress on the MMA-BIW program, and the need for an Instructional Designer to lead ADA Title II compliance. The Operations Committee discussed integrating the Facilities Master Plan with the Strategic Plan, noting funding gaps for the pier and Curtis Hall renovations, and identifying several at-risk assets requiring redevelopment priority. The Finance Committee reviewed the FY25 close, noting an effective operating deficit of $500K after accounting for specific transfers and noting requests for separate Brunswick accounting. The Student Affairs Committee reported on planning for a student satisfaction survey and shared positive outcomes from the Sponsored Family Program. The Governance Committee addressed proposed bylaw changes, trustee terms, and approved several resolutions, including appointing the CFO as Treasurer and accepting updates to the Freedom of Access Law compliance procedures.

The meeting covered various topics including updates on a building project, athletic programs, the regiment, waterfront activities, and personnel matters. Discussions included the progress of a new pier, the success of the sailing team, challenges with guest speakers, efforts to address attrition rates, and the impact of personnel shortages on instructional time.

The Board reviewed the proposed budget for fiscal year 2025-2026, highlighting total revenue of $58.4 million and total expenses of $61.3 million, resulting in a net operating loss of $2.9 million. Key discussion points included strategies to increase student enrollment, manage costs, and secure additional state appropriations. The Board also debated the institution's tuition discounting strategy. The approved budget was passed unanimously. The upcoming retreat was discussed, focusing on a tactical plan to achieve a balanced budget and long-term sustainability strategies.

The meeting addressed several key areas including state and federal funding updates, training ship progress, athletics achievements, and strategic plan development. Discussions covered enrollment concerns, financial aid competitiveness, advancement committee fundraising progress, and the presidential initiative fund. Also reviewed were updates on USCG exam pass rates, new academic programs, accreditation, grants, infrastructure, and a program review. The Operations Committee reported on capital projects like the Curtis Hall Renovation and Waterfront Pier Project. Finance Committee provided updates on investment performance, FY25 financial status, FY26 budget planning, and IT systems. Student Affairs discussed the shuttle program, counseling services, and enrollment strategies. Governance Committee addressed strategic planning, bylaws review, board membership, and officer elections. An executive session was held to discuss personnel matters and collective bargaining.