MINUTES OF THE BOARD OF GOVERNORS’
FINANCE AND FACILITIES COMMITTEE
MISSOURI STATE UNIVERSITY
FRIDAY, FEBRUARY 22, 2019, 8:30 A.M.
PSU BALLROOM EAST, 3rd FLOOR
Present - Ms. Amelia Counts, Committee Chair
Mr. Gabriel Gore, Committee Member
Mr. Craig Frazier, Committee Member
Ms. Beverly Miller Keltner, Committee Member
Mr. William Miller, Committee Member
Mr. Kendall Seal, Committee Member
Ms. Carol Silvey, Committee Member
Mr. Gregory Spears, Committee Member
Ms. Carrie Tergin, Committee Member
Also Present - Mr. Clifton M. Smart III, President of the University
Dr. Jim Baker, Vice President for Research and Economic Development and International
Programs
Ms. Nechell Bonds, Director of Admissions
Ms. Donna Christian, Director of Internal Audit and Risk Management
Ms. Jennifer Cox, Assistant to the Vice President, Administrative Services
Dr. Chris Craig, Deputy Provost, Provost Office
Dr. Rachelle Darabi, Associate Provost for Student Development and Public Affairs
Mr. Ryan DeBoef, Chief of Staff and Assistant to the President for Governmental Relations
Ms. Rachael Dockery, General Counsel and Chief Compliance Officer
Mr. Brent Dunn, Vice President for University Advancement
Dr. Frank Einhellig, Provost
Ms. Tammy Few, Director of Human Resources
Mr. Steve Foucart, Chief Financial Officer
Ms. Teresa Frederick, Associate Director Residence Life-Facilities, Residence Life,
Housing and Dining Services
Ms. Andrea Greer, Assistant Director for Student Engagement
Mr. David Hall, Director University Safety
Ms. Leanne Henning, Graduate Student
Dr. Robert Hornberger, Assistant Vice President, Enrollment Management and Services
Dr. Tammy Jahnke, Dean, College of Natural and Applied Sciences
Mr. Brad Kielhofner, University Engineer and Director of Facilities Management
Ms. Kristeena Laroue, Graduate Student
Dr. Shirley Lawler, Chancellor, West Plains Campus
Dr. Julie Masterson, Dean, Graduate College
Dr. Victor Matthews, Dean, College of Humanities and Public Affairs
Ms. Theresa McCoy, Director, Computer Services
Ms. Natalie McNish, Senior Auditor, Internal Audit and Compliance
Dr. David Meinert, Dean, College of Business
Ms. Shirley Mitchell, Senior Accountant-Analyst, Provost Office
Mr. Matt Morris, Vice President for Administrative Services
Mr. Jeff Morrissey, Chief Information Officer
Ms. Andrea Mostyn, Director of University Communications
Ms. Jennifer Patillo, Graduate Student
Mr. Wes Pratt, Chief Diversity Officer and Vice President for Diversity and Inclusion
Mr. Greg Rainwater, Budget and Financial Manager, Provost Office
Mr. Scott Schneider, Director of Business and Support Services, West Plains Campus
Ms. Jennifer Severson, Director of Accounting and Budgeting, Financial Services
Ms. Cindy Schull, Director of Grants and Foundation Accounting, Financial Services
Mr. Don Simpson, Associate Vice President for Enrollment Management and Services
Ms. Suzanne Shaw, Vice President for Marketing and Communications
Dr. Dee Siscoe, Vice President for Student Affairs
Ms. Melissa Stallbaumer, Graduate Student
Mr. Maxwell Wagner, Graduate Student
Dr. Dick Williams, Director of the School of Accountancy
Mr. Mike Wills, Director Procurement, Procurement Services
Ms. Kristan Gochenauer, Secretary of the Board of Governors
1. Roll Call – Ms. Amelia Counts, Committee Chair, called the Finance and Facilities
Committee meeting to order at 8:30 a.m. on Friday, February 22, 2019, on the Missouri
State University campus.
2. Approval of Minutes – Ms. Counts mentioned that the first item of business was the approval of the minutes from the December 13, 2018, meeting. Ms. Carol Silvey made a motion, seconded by Mr. Gabriel Gore.
Motion passed unanimously.
3. Governor’s Proposed FY20 Budget and Initial University Budget Work – President Clif Smart gave a presentation to the Board on the initial University budget work based on the Governor’s proposed FY20 budget. He reminded the Board that almost 100% of University revenue comes from state appropriations, tuition and fees. Missouri State University is one of the leanest and most efficient Universities in the state with only five states less funded than the state of Missouri. President Smart then discussed the option of increasing tuition by 5% versus 3%. The University anticipates that fall 2019 enrollment will be down. With lower state appropriations, decreased enrollment and increases in expenses, a budget deficit is expected. In addition to a tuition increase, additional cuts are expected in order to address the budget shortfall. If additional state appropriations are received, President Smart suggests the lower 3% tuition increase, a cost of living wage for employees and central funding of the minimum wage increase.
President Smart then reviewed the Missouri State University-West Plains campus budget work. Last year, one-time money was used to cover the budget shortfall. West Plains campus revenue comes from two pieces – state appropriations and tuition and fees. In order to reduce future shortfalls, it is recommended that West Plains collects the $5 tuition increase that is currently on the books and add a $2 tuition increase for this year.
The plan is to present a final budget proposal for both the Springfield and West Plains campuses at the April 2019 Board of Governors Executive Committee meeting. An equity piece will also be discussed at the April meeting.
4. Facilities Update – In the interest of time, the facilities updates will be presented during the Board of Governors’ regular February 22, 2019 meeting.
5. Review Year to Date Financial Statements – Mr. Steve Foucart, Chief Financial Officer, reviewed the year to date financial statements through December 31, 2018. An increase was noted in the net position with the University on track and a strong financial position.
6. Review of Revised G10.02 Healthcare Policy and 12/31/2018 Healthcare Reserve – Mr. Foucart reviewed the updates/changes to the G10.02 Healthcare Policy noting the biggest change was the change of the reserve fund to 60 days payout. Ms. Counts made a motion to approve the proposed revisions to the G10.02 Healthcare Policy at the regular Board meeting. All committee members agreed with the motion.
7. Foundation Review – Mr. Brent Dunn, Vice President for University Advancement, reviewed gifts through January 31, 2019. Annual gifts are down just slightly, but the number received is up. He noted that there are some large gifts expected in the next month.
8. Adjournment – Ms. Counts adjourned the Finance and Facilities Committee meeting at 10:09 a.m. on the motion of Ms. Beverly Miller Keltner, the second of Mr. Craig Frazier, and the unanimous approval of the committee.
Kristan Gochenauer
Secretary to the Board