Mary Lee Walsh

The committee received presentations on faculty sabbatical projects regarding online education accessibility and the implications of cybercrime and artificial intelligence in academic settings. Discussions included the college’s ongoing cybersecurity training efforts, the development of institutional policies for artificial intelligence, and strategies for integrating evolving technology into the curriculum. The meeting also included a transition in committee leadership.

The board meeting included executive reports from the Chair and President, covering topics such as campus renovations, enrollment growth, and the college's involvement in local housing and development initiatives. Key business items involved the approval of the preliminary roster of 2026 graduates, the FY2026 budget report, and personnel actions including sabbatical and tenure recommendations. Committee reports detailed recent discussions on artificial intelligence in education, cybersecurity curriculum, and the presidential evaluation process. The meeting concluded with presentations on corporate partnerships, apprenticeship pathways, enrollment statistics, and a summary of the capital campaign.

The committee reviewed the fiscal year 2026 budget versus actual comparison report, noting a positive revenue variance and a current surplus. Reports on investments, cash balances, and student accounts receivable were presented, along with a historical overview of cash and investment balances. Updates were provided on the progress and budget status of the kitchen renovation project. Additionally, the committee reviewed and approved a sabbatical request for a faculty member from the STEM Division for the 2027 spring semester to support course improvements and learning management system integration.

The committee reviewed the current market environment and investment performance, noting that the college's portfolio value surpassed $35M. A peer comparison report highlighted strong returns compared to national benchmarks, and a recommendation was made to maintain the current investment strategy. Additionally, the committee reviewed finance reports regarding cash balances and student receivables, received updates on the kitchen renovation project, and addressed personnel items including a new hire report and current staff and faculty recruitment status.

The committee reviewed financial reports concerning investments, cash balances, and student accounts receivable. Updates were provided on the Kitchen Renovation Project, noting expenditures and change order processing. The committee examined the March 2026 contracts report, specifically highlighting agreements for fuel storage tank replacement and financial aid helpdesk services. Discussion also focused on the FY2027 provisional college operating budget, covering revenue assumptions, enrollment projections, and expense management. Finally, the committee reviewed the FY2025 single audit report, which addressed specific findings regarding investment reclassification and student loan data system reporting.