Thomas M. Powers

The Board discussed various financial and administrative reports, including the Treasurer's report and updates on strategic planning and campus safety. Key action items included the approval of an increase to the college's line of credit with Bryn Mawr Trust and curriculum modifications for the Music A.A. program. The President's report highlighted the achievements of the Veterans Resource Center, recent marketing and communication awards, and a new partnership with Variety for campus dining operations. Additionally, the Board reviewed the independent audit for the fiscal year, which involved a discussion regarding the consolidated Foundation financial statements. The Chair also presented the proposed slate of officers for the upcoming year.

The Board of Trustees conducted a meeting covering various financial and operational reports. Key discussion topics included the Treasurer's report and numerous information items regarding fiscal year updates, enrollment marketing data, and portfolio performance. Action items approved by the Board included the Equity Statement, the fiscal year marketing budget, updates to the Mission, Vision, and Statement of Values policies, the deletion of specific curricula, and the recommendation for the Montco Cultural Center Theater roof replacement. The President's report highlighted the Legislative Breakfast, academic achievements such as Phi Theta Kappa recognitions, facility upgrades, and community initiatives including the Challenger Center 40th anniversary event and the Pedal for the Future community festival.

The meeting included reports on student academic achievements, such as All-PA Academic Team awards and Biotechnology student research. The College's International Night and the Presidential Symposium, focused on unity and purpose, were highlighted as successful community engagement events. Policy updates were approved regarding drug and alcohol abuse prevention, service animals, and the use of college facilities. Furthermore, the President reported on strategic planning progress, recognized the College's designation as a top workplace and military-friendly school, and discussed preparations for the upcoming commencement ceremonies.

The meeting featured a presentation honoring the accomplishments of the Mustangs Men's Basketball Team. The Treasurer provided an overview of the financial report, noting a favorable variance in net assets for the fiscal year. Key action items included the approval of a contract with Reed Signs for campus signage phases one and two, and the temporary suspension of three Associate Degree programs (Interactive Media: Game Design, Management: Organizational Leadership, and Management: Sport Management). Additionally, the President provided updates on staffing changes, student achievements, campus events, including high school art exhibitions and jazz festivals, and various community engagement initiatives.

The committee meeting agenda focused on several key items including the fiscal year 2027 annual budget, a review of the 2025-26 commercial insurance coverage and facilities policy, and revisions to the policies regarding naming of college facilities and student fundraising. Other major topics included a recommendation for the building automation system upgrade, the renewal of the Ellucian software license, and a comprehensive review of the treasurer's report including fiscal year-end projections. Additionally, the committee addressed standard information items such as credit reports, vendor acquisitions, and portfolio updates, as well as old business concerning the 2021 Voluntary Separation Incentive Program closeout and the fiscal year 2026 engagement letter.