MINUTES OF THE BOARD OF GOVERNORS’
FINANCE AND FACILITIES COMMITTEE
MISSOURI STATE UNIVERSITY
THURSDAY, MAY 18, 2017 10:00 A.M.
BALLROOM EAST, ROBERT W. PLASTER STUDENT UNION
Mr. Gabriel Gore, Committee Chair
Mr. Tyree Davis, Committee Member
Mr. Craig Frazier, Committee Member
Ms. Virginia Fry, Committee Member
Ms. Beverly Miller, Committee Member
Mr. Kendall Seal, Committee Member
Ms. Carol Silvey, Committee Member
Mr. Gregory Spears, Committee Member
Ms. Carrie Tergin, Committee Member
Mr. Stephen Hoven, Committee Member
Mr. Clif Smart, President of the University
Dr. Jim Baker, Vice President for Economic Research and Development & International Programs
Dr. Drew Bennett, Chancellor, West Plains Campus
Dr. Stephanie Bryant, Dean, College of Business
Ms. Donna Christian, Director of Internal Audit and Compliance
Ms. Amy Counts, Board Appointee
Ms. Jen Cox, Assistant to the Vice President for Administrative Services
Mr. Ryan DeBoef, Chief of Staff and Assistant to the President for Governmental Relations
Ms. Rachael Dockery, General Counsel
Mr. Brent Dunn, Vice President for University Advancement
Dr. Frank Einhellig, Provost and Chancellor of the Mountain Grove Campus
Mr. Steve Foucart, Chief Financial Officer
Ms. Teresa Frederick, Associate Director Residence Life-Facilities
Dr. Gloria Galanes, Dean, College of Arts and Letters
Dr. Tammy Jahnke, Dean, College of Natural and Applied Sciences
Mr. Tom Johnson, Director, Safety and Transportation
Ms. Ronda Ladd, Administrative Specialist IV, Administrative Services
Dr. Thomas Lane, Associate Vice President for Student Life/Dean of Students
Mr. Bryan Magers, Community Member
Mr. Brandon McCoy, President, SGA
Ms. Tina McManus, Controller
Mr. Matt Morris, Vice President for Administrative Services
Mr. Jeff Morrissey, Chief Information Officer
Ms. Andrea Mostyn, Director of University Communications
Mr. Tom Peters, Dean, Library
Mr. Wes Pratt, Chief Diversity Officer
Mr. Greg Rainwater, Budget and Financial Manager, Provost Office
Dr. Helen Reid, Dean, College of Health and Human Services
Mr. Scott Schneider, Director, Business and Support Services, West Plains
Ms. Jennifer Severson, Director of Accounting and Budgeting
Ms. Suzanne Shaw, Vice President for Marketing and Communications
Dr. Dee Siscoe, Vice President for Student Affairs
Mr. Gary Stewart, Director, Residence Life, Housing and Dining Services
Ms. Lauren Webster, Contract Compliance Manager, Planning, Design and Construction
Mr. Mike Wills, Director, Procurement Services
Ms. Kristan Gochenauer, Secretary of the Board of Governors
- Roll Call – Mr. Gabriel Gore, Committee Chair, called the Finance and Facilities Committee meeting to order at 10:00 a.m. on Thursday, May 18, 2017, on the Missouri State University campus.
- Approval of Minutes – Mr. Gore mentioned that the first item of business was the approval of the minutes from the March 24, 2017 meeting. Mr. Gregory Spears made a motion, seconded by Ms. Virginia Fry.
Motion passed unanimously.
- Year to Date Financial Review – Mr. Steve Foucart, Chief Financial Officer, gave an overview of the statement of revenues, expenses and changes in the net position through March 2017 for the Springfield campus, which is tracking appropriately in comparison to last year. The West Plains campus is also on budget and tracking well.
- Foundation Review – Mr. Brent Dunn, Vice President for University Advancement, reviewed gifts to the Foundation through April 2017, which are up in comparison to last year.
- Jefferson City Update – President Clif Smart reported that the University had three legislative priorities this year to include increasing funding, modifying the graduate degree constraints and preserving local policy control. The Governors original budget called for a 9% reduction in funding. The current expectation is a 6.58% budget reduction, which is $2.1 million more than originally anticipated.
Mr. Tyree Davis left the meeting at 10:30 a.m.
- Non-Academic, Provost and Academic Budget Reductions – President Smart summarized the Springfield Campus non-academic and provost area budget reductions for FY2018. After a 3% budget withhold, the FY2018 expected reduction is approximately $7.4 million. The University expects approximately $3 million from enrollment growth, which will be offset by increased MOSERS costs of $3 million. A tuition increase at CPI will generate approximately $3.4 million. This leaves a budget deficit of approximately $4 million, which will be covered by a 4.9% ($2.8 million) cut from non-academics and a 1.2% ($1.2 million) cut from academics.
- Review Fiscal Year 2018 Springfield Campus Operating Budget Recommendation – President Smart gave an overview of the FY2018 operating budget recommendations highlighting expected changes in revenue secondary to tuition and enrollment growth as well as expense changes secondary to the decrease in state appropriations.
- Review Fiscal Year 2018 West Plains Campus Operating Budget Recommendation – Dr. Drew Bennett, Chancellor of the West Plains Campus, reviewed the FY2018 West Plains operating budget recommendations highlighting the increase in revenue secondary to the $5.00 per credit hour tuition increase as well as the expense changes secondary to the decrease in state appropriations.
- Review of Procurement Consent Agenda – Mr. Foucart reviewed the nine items on the procurement consent agenda that will be recommended for approval at the regular Board of Governors’ meeting.
Mr. Davis returned to the meeting at 11:39 a.m.
- New Traditional Residence Hall Update – Mr. Matt Morris, Vice President of Administrative Services, stated that preliminary meetings have taken place with Humphreys & Partners Architects, L.P. A draft of the new traditional residence hall was shown, which will include a four story parking garage, three stories of residence space and a first floor retail and dining space. The residence hall will be located at the corner of Holland and Madison, which is owned by Bryan Properties.
Dr. Dee Siscoe, Vice President for Student Affairs, confirmed that enrollment continues to grow. At this time, housing contracts are up over 4% in comparison to last year for both returning and first time students.
Mr. Morris reported that the University will continue to work with Humphreys & Partners Architects, L.P. and Bryan Properties on the design concept and we look to have a lease agreement this fall.
- Adjournment – Mr. Gore adjourned the Finance and Facilities Committee meeting at 11:57 a.m. on the motion of Ms. Spears, the second of Ms. Carol Silvey, and the unanimous approval of the committee.
Secretary to the Board