Mary Doucette

The Finance Committee meeting included the review and approval of the record of expenditures/check register, income/deposits, and online giving deposits for April through June 2018. Other financial discussions covered the FY 17/18 Summary of Activity by fund, Operating Cash flow Report, Investment Performance Reports, Statement of Financial Position, and Trial Balance Report for FY 17/18. The committee also reviewed three expenditures from the Donald W. Reynolds Foundation. An update was provided regarding a potential mobile app from Ready Exploration, noting that a formal action is pending due to bidding requirements. Furthermore, there was a report on fundraising progress for the Winnemucca Health Science & Technology Building, including submitted grant requests and verbal commitments received. The Director's report touched upon CD rollovers, account consolidation progress, the upcoming GBC Employee Giving Campaign, and the hiring process for an Administrative Assistant. The Controller's Office provided an update on financial transfers through NSHE and management fees.

The agenda for the Great Basin College Foundation Board of Trustees Development Committee Meeting included the call to order, roll call, and public comment sessions. Key discussion items focused on development information and action items, specifically Gala Preparation (including sales and schedule of events) and Strategic Plan information. Strategic Plan details covered administration responsibilities, contacts for community outreach and the Alumni Association, and various campaign invitations such as Sustainable Foundation, Legacy Society (including an Estate Planning Workshop), Gala, One Day's Wages, and Athletics. The meeting also included follow-up for the Gala and implementation strategies, as well as items from Board Members.

The meeting involved several key actions and discussions. The Board approved the GBC Foundation external audit for Fiscal Year 2025, noting the foundation's strong financial position with increased investments despite an operating loss, and reporting no audit findings. The Board also approved the Finance Reports for April, May, June, and July 2025. Updates included enrollment growth of 3% over the previous year, the launch of new and expanded academic programs, and the expansion of the childcare center. Future plans discussed involved launching a donor engagement campaign and diversifying revenue through endowments and corporate partnerships. Infrastructure updates noted capital improvement funding for renovations and upgrades, and that long-term housing renovations would be addressed via a five-year plan.

The agenda for this Board of Trustee Meeting includes several informational items and actions. Information-only items scheduled for presentation include the President's Report on GBC matters, the GBC Business Affairs Report on college finance, the Faculty Senate Report, the Foundation Board Chair Report, the Finance Committee Report, and the Development Committee Report. Action items include the potential approval of the Finance Committee Reports (which were accepted by the committee on March 7, 2024) and the approval of the January 18, 2024, Minutes. The meeting also includes dedicated time slots for public comment.

The Board of Trustee Meeting agenda includes a review of the meeting minutes from September 18, 2025, for possible approval. Key discussion items involve a presentation and review of Phi Theta Kappa's funding from FY25, along with a possible request for $6,000.00 for scholarships and conference attendance. The meeting will also feature informational reports from the President, Vice President of Finance and Administration, Faculty Senate, Foundation Board Chair, Finance Committee, Development Committee, Executive Director of Institutional Advancement, and Development Specialist, covering various operational and financial updates. The Finance Committee will specifically address the possible approval of Finance Reports for August, September, October, and November 2025.