May 10, 2019BoardMeeting
BoardCollege of the Ouachitas Finance Committee Minutes
The meeting included a review of the Fiscal 2019-2020 budget, covering revenues based on a projected SSCH of 16,000, tuition and fee increases, and state appropriations. Expenditure highlights included no reserve allocation, personnel expenses comprising approximately 70% of the budget, a 1% COLA and faculty step increases, faculty base salaries increased by $1,000, and a reduction in health insurance costs. The committee also approved the proposed Fiscal 2019-2020 Budget. Additionally, the board voted to cease payment of a housing allowance. The meeting also involved an executive session with no action taken. There was discussion to move the next Board meeting to a later date.