July 2021 Meeting Minutes

July 2021 Meeting Minutes

Board of Trustees

July 08, 2021

The North Arkansas College Board of Trustees met in regular session on Thursday, 08, July in JPH conference center. Chair Miller called the meeting to order at 3:00 p.m. Trustees Debbie Johnson, Linda Pledger, Pam Henry, Chris McNew, Kevin Cheri, R.G. Earnest, Don Tomlinson, and Sarah Newman were present.

North Arkansas College personnel attending included Richard Stipe, Micki Somers, Ricci Dillon, Dr. Josephine Kershaw, Kris Greening, Don Sugg, Tavonda Brown, Nell Bonds, Melissa Bray, Rachel Nelson, Eddie Phillips, Dr. Rodney Arnold, Dr. Rick Massengale, Brandon Cone, and Dr. Laura Berry.

 

Approval of Agenda

Chair Miller asked if there were any changes to the agenda as presented. There being none a motion was made, unanimously approved.

 

Regular Reports

Finance Report

Before sharing the Preliminary Finance report, Richard Stipe briefed the board on the CARES Act funds and how it fits into the budget reports. He noted the total funds received from the CARES Act funding (HEERF I, HEERF II, HEERF III) equaled $9,558,000. He stated HEERF I and HEERF II have been fully dispersed to students as of the end of the fiscal year. HEERF III grant, in the amount $2.6 million will be dispersed in the current fiscal year to students. The funds going toward the Institution are at $6 million for the current fiscal year.

In the E&G fund, Richard Stipe noted the operating budget revenue for the end year of June 2021 was at $15,381,366 against an annual budget of $13,629,184 and 112 % of the budget. The total expenditures totaled $13,718,840, 99.8% of the budget for the fiscal year. Richard said the preliminary net gain was at $1,662,526. Under the E&G revenues, the transfers -in year to date totaled $1,037,054 with an annual budget of $475,000. This is one example of the impact of the CARES funding where we able to transfer in.  Richard stated the expenditure trend is on target and pleased with the end budget.

Auxiliary: Revenue for year-to-date was at $1,559,561 against a budget of $1,319,771. Expenditures was at $1,326,011 against a budget of $1,319,771.  Auxiliary net operating gain year-to-date totaled $43,783. Richard stated the end of year net operating gain was $233,549.

President’s Report— Don stated the stated the enrollment as of July 2, 2021 was trending upward.  The Headcount has increased by 57 students from this point last year. Student Semester Credit Hours have increased from this time last year, reaching 592 more hours from this time last year. ACEN recently conducted a site verification visit of the North Arkansas College Registered Nursing Program and found no areas of need development, Associate program is in compliance with accreditation criteria. Northark Adult Education program was awarded an unexpected $31,765 extra for FY 2021-2022 due to Northark’s “outstanding performance during the 2019-2020 program year.” Don gave special thanks to Program Director, Cherie Conner for her hard work.  Don gave thanks to Truck Driving Program Director, Charlie Duggan. Don said the program has twenty-one enrolled with eighteen completers, sixty-eight CDL’s awarded.  He proceeded to brief the Board about the Center for Robotics and Manufacturing Innovation. He gave special thanks to Senator Scott Flippo, Representative Jack Fortner, Senator Breanne Davis, Representatives Ron McNair and Keith Slape, Governor Asa Hutchinson, Secretary of Commerce Mike Preston, Craig Campbell, Joe Willis, Bob Largent, and Scott Miller. He discussed the funding plan and the next steps for the Center of Robotics and Manufacturing Innovation.

Don ended his report with an employee spotlight to Eddie Phillips. Eddie is the Maintenance Manager and started employment with North Arkansas College in 1998. He is highly regarded by all associates and always responds with a “can do, will do” attitude.  Eddie is married to Ada V Phillips and they have one son, Clayton Phillips.

 

Consent Agenda

The Consent Agenda included the June Regular Meeting Minutes, June 16 Special Board Meeting Minutes, June 29 Special Meeting Minutes, Replacement Position: Full- time SNAP E&T Coordinator (Adult Education grant funded), Dr. Joe D. Bennett Radiologic Technology Center. Chair Miller asked for a motion to approve the Consent Agenda. A motion was made by Trustee Henry seconded by Trustee Cheri, and unanimously approved.

 

Monitoring Report

Rachel Nelson presented the Increase Student Satisfaction report. Rachel reported the 2019-2020 graduate survey with a response rate of 96.6%. She stated the total credentials conferred are 630 with a total of graduates of 496. Total number of associate degrees was 95.1% and the Technical Certificate was 93.4%.  Rachel reported that 50.52% continued their education and 225 are full- time employed graduates.

Trustee Newman moved to adjourn the meeting. Trustee Johnson seconded the motion, which was unanimously approved.