Great Basin College

The meeting includes updates from the Finance and Administration department, a discussion regarding upcoming events and the fundraising calendar, and reports from the Development Committee Chair and the Executive Director, including a gift summary report for the current fiscal year. The agenda also covers updates from the Development Specialist and allows for board member contributions.

The agenda includes reports from the President, the Faculty Senate, the Foundation Board Chair, and the Finance and Development committees. Key action items involve reviewing and potentially approving a funding request for roofing replacement at Griswold Hall, the reappointment of several Board of Trustee members for three-year terms, the retention of an accounting firm for the preparation of the financial statement and audit, the finalization of the budget for the upcoming fiscal year, and the review of recent financial reports.

The committee reviewed and accepted the FY25 990 tax form, approved the draft budget for FY26, and accepted a $50,000 gift from the Jarbidge Community Association to establish two endowed scholarships. Additionally, the committee approved several financial reports, including the Management Report for February 2026 and Gift Summary Reports for June 2025 through April 2026. Updates were provided regarding the MTC program, fundraising events, the upcoming implementation of scholarship management software, and recent scholarship awards.

The committee agenda includes the review and potential acceptance of the FY25 990 tax form, as well as the discussion and possible approval of the draft budget for FY26. Other key items involve the acceptance of a gift for endowed scholarships, review and approval of finance and accounting reports, and various administrative updates from committee leadership and the institutional advancement and development staff.

The Finance Committee meeting included the review and approval of the record of expenditures/check register, income/deposits, and online giving deposits for April through June 2018. Other financial discussions covered the FY 17/18 Summary of Activity by fund, Operating Cash flow Report, Investment Performance Reports, Statement of Financial Position, and Trial Balance Report for FY 17/18. The committee also reviewed three expenditures from the Donald W. Reynolds Foundation. An update was provided regarding a potential mobile app from Ready Exploration, noting that a formal action is pending due to bidding requirements. Furthermore, there was a report on fundraising progress for the Winnemucca Health Science & Technology Building, including submitted grant requests and verbal commitments received. The Director's report touched upon CD rollovers, account consolidation progress, the upcoming GBC Employee Giving Campaign, and the hiring process for an Administrative Assistant. The Controller's Office provided an update on financial transfers through NSHE and management fees.