Suny Tompkins Cortland Community College

The board meeting primarily focused on a presentation regarding the 2025 Annual Audit, conducted by representatives from Bonadio & Co., LLP. Additionally, the agenda included an executive session for board members.

The Board of Trustees meeting covered several key topics including the presentation of the 2025 annual audit, the proposed 2026-27 operating and capital budgets, and the 2026-2027 tuition and fee schedule. The meeting included reports from the Treasurer/CFO, Board Chair, Student Trustee, and President, detailing institutional metrics, budget development, personnel matters, and community partnerships such as the one with the Family Health Network. Additionally, resolutions were adopted regarding the acceptance of the 2025 audit, the adoption of the proposed operating and capital budget, the tuition and fee schedule, and appreciations for retirees and award recipients.

The committee discussed the 2025 Annual Audit update and received a presentation on the proposed 2026-27 operating and capital budget. Financial reports covering revenue, enrollment, expenditures, and employee benefit schedules were reviewed. Discussions included the status of an IT cybersecurity audit, legislative session funding for community colleges, and an update regarding the Community College Insurance Consortium. Additionally, the capital improvement plan and deferred maintenance projects were presented for approval.

The board meeting covered several critical items, including the nomination of Thomas Pennell for the NYCCT Distinguished Alumni Award, a comprehensive treasurer and CFO report detailing the fiscal year 2026-27 operating and capital budget, and updates on Middle States accreditation preparations. Additionally, the meeting included discussion on the Family Health Network partnership, the posthumous degree policy, ongoing faculty search processes, and a resolution of appreciation for Loren Sparling's service as the TC3 Foundation Board Liaison. Reports were also presented by the Student Trustee, administrative departments, and college senate representatives, alongside updates from county liaisons.

The committee reviewed audit progress, specifically addressing delays in financial statement preparation and potential staffing needs to meet regulatory deadlines. Discussions included a report on health insurance cost increases and a decline in concurrent enrollment chargebacks. The committee received a presentation on student fees and tuition, focusing on the demographics of the student body. Additionally, the committee authorized the President to participate in a feasibility study for a community college insurance consortium and reviewed an informational flyer regarding the 2026-27 SUNY budget request, covering topics such as program enrollment, deferred maintenance, and IT systems.