2023 July Agenda and Minutes

Board of Trustees Meeting
July 13, 2023
3 p.m.
JPH Conference Center


This is areminder that the North Arkansas College Board of Trustees will meet in personon Thursday, July 13th  at 3 p.m. in the JPH conference center.

Call to Order — Chris McNew

Approval of Agenda — Chris McNew

Regular Reports

  • Finance Report — Richard Stipe
  • Foundation Report — Dr. Rodney Arnold
  • President's Report — Dr. Rick Massengale

Consent Agenda — Chris McNew

  • June Regular Meeting Minutes
  • Replacement Position: RN Program Faculty
  • Replacement Position: NAPHE Drug Free Communities Coordinator (grant funded)
  • Replacement Position: Automation and Systems Integration Instructor
  • New Positions: Two - College and Career Coaches (grant funded)
  • Proposed Budget Transfer for RY 2022-2023

Board Comments


Board of Trustees
July 13, 2023

The North Arkansas College Board of Trustees met in regular session on Thursday, 13, July 2023 in JPH conference center. Chair McNew called the meeting to order at 3:00 p.m. Trustees Pam Henry, Debbie Johnson, Scott Miller, Linda Pledger, Don Tomlinson, Kevin Cheri, Luke Feighert, and Sarah Newman were present. 

North Arkansas College personnel attending included Richard Stipe, Dr. Rodney Arnold, Jo Adams, Dr. Rick Massengale, Ryan Hoffman, Nell Bonds, Scott Howie, Dr. David Mason, Dr. Laura Berry, Brandon Cone, Tavonda Brown, Carla Jacobs, Bobby Howard, Kelsea Lowery, and Kris Greening 

Approval of Agenda 
Chair McNew asked if there were any changes to the agenda as presented. There being none, the agenda was approved.  

Regular Reports 

Finance Report: Richard Stipe shared E&G and Auxiliary preliminary budget activities through June 2023. Richard Stipe presented a summary report of the Cares grant funding from March 1, 2020- June 30, 2023. Mr. Stipe discussed each award category; student emergency grants, institutional portion, strengthening institutions, and supplemental. He stated that the college website lists the Care Act spending activity.  
In the E&G fund, Richard Stipe stated total revenue for the month was $318,033, and the year-to-date was $15,616,027. The expenditures for the month were $1,266,836, and the year-to-date was $15,612,851. He said the amounts are preliminary, and it takes 6-8 weeks to get the final numbers for the year. He thanked the staff for their adjustments in department spending. The revenue and expenditure trend line almost reached the budget line. Trustee Miller thanked Richard Stipe and the college for the work it took to come on budget.  

Auxiliary: Revenue for the current month ended at $ 28,067 with a year-to-date total of $1,870,093. Expenditures current month total ended at $143,503 and a year-to-date total of $1,994,235 with a net operating loss of $124,141. Mr. Stipe explained factors; the college grill/store sales and enrollment played a role in the budget outcome for the auxiliary. He stated that the enrollment number affects the result because of the mandatory fees for the auxiliary fund. He said it is difficult to analyze, but he will examine it. He said the trend is moving toward digital resources for students, and several companies and third parties have set up a system that provides textbooks in electronic form by participating in the program we started last year. Students can have the material on the first day of class. We piloted this, which has become convenient for the students and instructors. Students can receive a full refund if they decide not to continue the course. He stated the catch was the college store did not regenerate as much revenue on electronic book sales through the system. He explained the consent agenda item, Proposed budget transfer for FY2022-2023. He requests that a portion of the remaining Cares Act funding in the college reserves be transferred into the auxiliary fund.  

Foundation Report: Dr. Arnold gave an update on the Foundation finances, net assets as of May 31, 2023, were $10, 295,115 and the revenue was $1,301,939. He stated that about $200,000 of the gain was residence hall fees. He said a $100,000 offer for the 70-acre property in Newton County and stated that it is still in the process. The officers for 2023-2024 are Anne Hubbard as President, Cathy Brandt as Vice President, and Ashley Hoppis as Secretary. Board members: Cathy Golden, Larry Phillips, and Jim Sprott are the class of 2028. He thanked Jerry Pinson for the incredible 15 years he served on the Foundation Board. He said sixteen endowed chairs were approved for $45,743 in grants. Dr. Arnold recapped the award recipients, Bill Lovell and Mike Masterson.  

Dr. Arnold spoke about the 25th Annual Golf Tournament presented by Anstaff Bank. He listed upcoming events; Summer Movie, Annual Scholarship Luncheon, Economic Update Luncheon, and the Northark Challenge.  

President's Report: Dr. Massengale stated the student semester credit hours are currently 14,140 with a goal of 20,344, and the head count was 1,355 with a goal of 1,950 for the Fall 2023 semester. The concurrent student semester hours are 2,602, and the college-student semester credit hours are 11,538. He thanked Brandon Cone for his work in promoting the college through advertisement. Dr. Massengale congratulated first-place recipients Kayla Caviness and Cody Wyly in Network Design. He mentioned working with Dr. Laura Berry and Sherry Gibbany to partner with ATU Ozark by providing a med lab technician at their campus. He said they would be meeting with SEARK to offer respiratory care.  

Dr. Massengale listed the 2022-2023 All-American Pioneer Athletes. He spoke about community members' interest in exploring a Northark Shooting Sports Club. The first meeting with be on July 28 to discuss the high school interest. He ended his report by inviting our board members to attend the Fall 2023 Employee Convocation on August 10, 2023, from 8:00 a.m. – 12:00 p.m.  

Consent Agenda 
The Consent Agenda included: 
June regular meeting minutes 
Replacement positions: RN Program Faculty, NAPHE DFC Coordinator (grant funded), Automation and Systems Integration Technology Instructor. 
New Position: Two- College and Career Coaches (grant funded) 
Proposed Budget Transfer for FY 2022-2023 

Chair McNew asked for a motion to approve the Consent Agenda. A motion was made by Trustee Cheri, seconded by Trustee Miller, and unanimously approved. 

With no further business, Chair Chris McNew adjourned the meeting at 4:02 p.m.
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