Regan Blaha

The Finance Committee meeting included a review of the fund tracking document alongside the Fall 2025 and Spring 2026 financial statements, with a request made to include a year-to-date comparison for annual funds and grants. A future motion was mentioned regarding establishing a target timeframe for cash on hand, between 90 days and six months. Additionally, there was a discussion concerning the creation of a charter for the Finance Committee, with the Chief of Staff tasked to distribute a sample charter.

The meeting was called to order, followed by an executive session commencing at 12:04 p.m. for the purpose of discussing the presidential search. The executive session concluded at 12:21 p.m., and the general meeting adjourned shortly thereafter at 12:22 p.m.

The meeting included an Independent Auditor's Report review, highlighting no material weaknesses. There was a review and update of Board of Governors Rules 15 Years or Older. Administrative reports were given by the Provost, Chief Financial Officer/Vice President of Administrative Services, Vice President of Student Services, and Vice President of Institutional Effectiveness. The meeting also addressed old business regarding staff salary grades and new business concerning the need for the Board of Governors to approve a new strategic plan.

Key discussions during the meeting included an update on ongoing restoration and repair work, such as B & O restoration and water leak repairs, as well as office suite renovations. The President also highlighted recent successes in grant acquisition, including a Title III supplemental grant, the renewal of the Trio grant, the Department of Labor MAPS 2.0 grant, and an OER WV Challenge Grant. Action items addressed the review and acceptance of the Independent Auditor's Report for the fiscal years ending June 30, 2025 and 2024, with no material weaknesses or deficiencies noted. Administrative reports covered a financial update and a positive report on census enrollment figures showing an increase from the previous year. The Continuing Education and Workforce Development area reported on increased course variety, a program review by LERN, official accreditation of the paramedic/EMT program, and receipt of an APCO grant for 911 operator training.

The meeting began with a call to order, followed by a roll call of members. The Board subsequently entered into an executive session to discuss personnel matters. After concluding the executive session, the Board proceeded to adjourn the meeting.