Todd Clark

The Board meeting included farewell recognitions for departing board members and staff. The chair provided an update on the presidential search process, noting that the timeline was revised due to the pandemic, with a plan to resume work on the presidential profile in August. Additionally, the Board discussed the transition of the interim president, confirming a new start date of October 1st following the postponement of the current president's retirement to September 30th.

The committee reviewed the internal audit report for fiscal year 2022-2023, which covered audits of student financial aid reporting, business office operations, and IT systems. Discussion included the findings and positive performance in the IT sector, alongside updates on the remediation of internal control findings. The committee also reviewed the status of previous action plans and discussed the upcoming audit schedule, which focuses on human resources, personal service contracts, student financial aid, and capital projects. Finally, a presentation was provided on financial ratios and the composite financial index, which are used to assess the institution's financial health and strategic decision-making.

The Audit Committee meeting covered progress updates on several forensic and operational audits. Key discussion topics included the completion of contract and policy implementations regarding executive compensation, FERPA compliance, and affiliated foundations. The committee also discussed procurement process improvements, a Medicare Advantage plan that resulted in cost savings without benefit reductions, and the status of voluntary separation agreements. Additionally, the committee reviewed a corrective action plan submitted to the auditor of public accounts concerning the Fire Commission and discussed upcoming internal audit reports.

The Board meeting focused on workforce solutions and community partnerships. Key topics included a case study on customized training programs, the importance of aligning educational offerings with industry needs, and successful collaborations with partners like Goodwill to provide industry-recognized credentials. The discussion highlighted the win-win-win model benefiting employers, the college, and students, with an emphasis on upskilling incumbent workers and filling critical high-demand roles such as truck drivers and welders. The Board also noted the effective use of state funding to support these initiatives and institutional growth.

The committee reviewed revisions to advancement policies, including compliance requirements for foundations and authorization for major gift acceptance. The board evaluation process and its survey questions were reviewed. Additionally, the committee discussed the upcoming board meeting agenda and the proposed changes to the student regent election procedure resulting from House Bill 619, which reduces the number of student regents from two to one while adding alternate positions.