October 2020 Meeting Minutes

October 2020 Meeting Minutes

Board of Trustees

08 October 2020

 

The North Arkansas College Board of Trustees met in regular session on Thursday, 10 September 2020 in the JPH Conference Room /zoom call on the South Campus. Chair R.G. Earnest called the meeting to order at 3:00 p.m. Trustees David Evans, Chris McNew, Don Tomlinson, Sarah Newman, and Scott Miller were present.

North Arkansas College personnel attending included Richard Stipe, Nell Bonds, Tavonda Brown, Rodney Arnold, Rick Massengale, Kris Greening, Jennifair Ditmanson, John Gripka, Meagan Isaacs, Sharla Hellen, and Sarah Bing.

 

Approval of Agenda

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

 

Regular Reports

Finance Report—Richard Stipe shared E&G and Auxiliary budget activities through September 30, 2020.

In the E&G fund, Richard Stipe stated the year-to-date total was at $5,119,686 and the expenditures ended at $2,518.932 with a net gain of $3,948,219. Trend lines are right in line compared to last years.

Auxiliary: Revenue for September 2020 totals are $495,239 and the expenditures totals are $490,389. Net gain of $4,851. Richard reported the end of year financial statements to the end of June 2020.  He noted the total liabilities, deferred inflows of resources, and net position ended with $30,865,280 in Exhibit A of the statement of Net Position. Richard Stipe ended with stating the net increase $362,592 in Exhibit B does match to the increase in Exhibit A.

Foundation Report- Dr. Arnold briefly discussed the Foundation finances that ended with revenue as of 6.30.2020 of $771,160. The 2020 Northark Foundation Golf Tournament presented by Harness Roofing Inc. was held September 14, 2020. The winners were Jim Stockton, Ron Slyer, and Stan Stockton. He commended the Ron Richardson, the winner of the 50/50 Raffle for donating his winnings back to the foundation. Dr. Arnold ended his presentation with a brief update on the Campus Housing. He stated the committee will meet on October 20th   to discuss plans.

Title III Report- Sarah Bing shared that 791 students have utilized tutoring in the LRC. She stated the LRC numbers were trending until the pandemic occurred in March. Sarah reported LRC continued to stay available to the students during the pandemic. She discussed the year 4 objectives; Increase course success rates of students in cross-curricular courses, increase the success of tracked students utilizing the LRC by 5%, 50% of identified staff and faculty trained in “learner-centered, evidence based” curriculum, and reduce institutional expenditures by at least $50,000 because of increases efficiencies from SIS.

 

President’s Report—Dr. Esters mentioned the Google Virtual Tour of Northark and commended our marketing department for their work. He discussed Athletic department updates; including basketball games are set to begin January 22, 2021. Dr. Esters listed our workforce partnerships that include our apprenticeship and internships. He highlighted the completion of the Be Pro Be Proud truck tour.

Dr. Esters congratulated Don Sugg for the Honorary Lifetime Membership award with the Arkansas Association of College and University Business Officers.  Kris Greening gave a brief update on the Coronavirus status, with giving relevantly lower numbers. Dr. Esters ended his report with the Northark Pioneers student video.

 

Consent Agenda

The Consent Agenda included the September Regular Meeting Minutes, Replacement position: PN faculty. Chair Earnest asked for a motion to approve the Consent Agenda. A motion was made by Trustee Miller, seconded by Trustee Evans, and unanimously approved.

 

Board Comments

Trustee Newman thanked everyone for their work and for encouraged and engaging with the students. She thanked everyone for the positive attitude during this time and keeping the group informed. She gave special thanks to Sarah, Sharla, and Tavonda and others for their dedication. 

 

Trustee Evans moved to adjourn the meeting. Trustee Miller seconded the motion, which was unanimously approved.