MINUTES OF THE BOARD OF GOVERNORS’
FINANCE AND FACILITIES COMMITTEE
MISSOURI STATE UNIVERSITY-WEST PLAINS
FRIDAY, JUNE 21, 2019, 10:15 A.M.
MELTON HALL, ROOM 211
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
- Ms. Carrie Tergin, Committee Member
Absent
- Mr. Gregory Spears, Committee Member
Also Present
- Mr. Clifton M. Smart III, President of the University
- Ms. Donna Christian, Director of Internal Audit and Risk Management
- Dr. Chris Craig, Deputy Provost, Provost Office
- 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
- Dr. David Hough, Dean, College of Education
- Dr. Tammy Jahnke, Dean, College of Natural and Applied Sciences
- Mr. Allen Kunkel, Associate Vice President for Research and Economic Development
- Dr. Dennis Lancaster, Dean of Academic Affairs, West Plains Campus
- Dr. Shirley Lawler, Chancellor, West Plains Campus
- Ms. Theresa McCoy, Interim Chief Information Officer
- Dr. David Meinert, Dean, College of Business
- Mr. Kyle Moats, Director of Athletics
- Mr. Matt Morris, Vice President for Administrative Services
- Ms. Andrea Mostyn, Director of University Communications
- Dr. Joye Norris, Associate Provost for Access and Outreach
- Mr. Tom Peters, Dean of the Library
- Mr. Wes Pratt, Chief Diversity Officer and Vice President for Diversity and Inclusion
- Ms. Jennifer Severson, Director of Accounting and Budgeting, Financial Services
- Dr. Dee Siscoe, Vice President for Student Affairs
- Dr. Angela Totty, Dean of Students, West Plains Campus
- 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 10:08 a.m. on Friday, June 21, 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 May 16, 2019, meeting. Mr. Gabriel Gore made a motion, seconded by Ms. Carol Silvey.
Motion passed unanimously.
3. Review Fiscal Year 2020 Internal Operating Budget – President Clif Smart gave an overview of the budget from 2011 to 2019. He discussed compensation and CPI comparisons, which show that employee raises of 13.4% plus $1,000 have kept up with inflation, which was 13.8% for the same time period. Tuition has stayed below inflation at 11.7% for the same time period. State funding over the past eight years has been challenging and is down overall by 1.5%. Mr. Steve Foucart, Chief Financial Officer, reviewed the Springfield and West Plains campus summary sheets and provided an in-depth review of the fiscal year 2020 internal operating budget. He then reviewed the 2019-2020 fee schedule amendments for both the Springfield and West Plains campuses. Mr. Gore recommended approval of the fiscal year 2020 internal operating budget resolution as well as the 2019-2020 fee schedule amendment board resolutions for the Springfield and West Plains campus at the full Board meeting. Ms. Carrie Tergin seconded the motion. The motion was unanimous.
4. Year to Date Financial Review – Mr. Foucart reviewed all funds, including the West Plains campus, through April 30, 2019, noting that we are tracking well overall with a strong financial position.
5. Review of Procurement Consent Agenda – Mr. Foucart reviewed the four items on the consent agenda for the period of May 1, 2019 through June 5, 2019. Approval is recommended at the regular Board meeting.
6. IDEA Commons Update – Mr. Allen Kunkel, Associate Vice President for Research and Economic Development, updated the Board on the IDEA Commons project. The State Tax Increment Financing (TIF) plan is underway and the Missouri Development Finance Board (MDFB) tax credits are in process. Vecino Group continues to negotiate the New Market Tax Credits (NMTCs) and expect final word in the next 60 days. Mr. Kunkel showed updated renderings of the building. He then provided an update on the eFactory expansion noting that a grant request has been made to the US Department of Commerce through the Economic Development Administration (EDA). Completion is expected in the fall of 2020.
7. Review of Revisions to G7.02 Employee Handbook – Mr. Matt Morris, Vice President for Administrative Services, reviewed the G7.02 employee handbook and stated that a bulk of the revisions were for clarification. Ms. Tammy Few, Director of Human Resources, provided specific details on the more substantive changes. After some discussion, the Board recommended a revision to 8.8 Emeritus Status language to include “or an exception granted by the President”. President Smart then reviewed 10.5 Step 5 – Appeal to the Board of Governors.
8. Foundation Review – Mr. Brent Dunn, Vice President for University Advancement, reviewed gifts through May 31, 2019. He expects the Foundation will be above the $20 million mark by the end of the fiscal year.
9. Adjournment – Ms. Counts adjourned the Finance and Facilities Committee meeting at 11:51 a.m. on the motion of Mr. Gore, the second of Ms. Silvey, and the unanimous approval of the committee.
Kristan Gochenauer
Secretary to the Board