NORTHWESTERN MICHIGAN COLLEGE
BOARD OF TRUSTEES
Monday, February 28, 2005, Oleson Center
7:00 p.m., Regular Meeting
5:30 p.m. DINNER MEETING: The board heard reports and updates from Kim Schneider, Garret Ellison, Nicholeen Frusti, and Hadassah Versnick (White Pine Press); Walter Hooper and Ross Childs (MCCA In-Service); and Tim Nelson (Budget). No decisions were made or actions taken.
7:00 p.m. REGULAR MEETING
CALL TO ORDER
Chair Cheryl Follette called the Regular meeting to order at 7:05 p.m.
| ROLL CALL | ||
| Trustees present: | Robert Brick, Ross Childs, Cheryl Follette, Walter Hooper, Ted Mattis, Jack Stegenga, Elaine Wood | |
| Trustees absent: | None | |
| Also present: | Karen Anderson, Tom Carr, Marguerite Cotto, Rebecca Cooper, Debby Disch, Stephen Drake, Kathleen Guy, Bill Hendry, Gene Jenneman, Craig Mulder, Tim Nelson, Steve Rawlings, Dick Redmond, Karen Sabin, Stephen Siciliano, Kristin Stehouwer, John Tanner |
APPROVAL OF AGENDA
The agenda was approved on a motion by Ross Childs, seconded by Jack Stegenga.
PUBLIC INPUT
None.
CONSENT ITEMS
The following items were approved on a motion by Ross Childs, seconded by Elaine
Wood:
DTE ENERGY FOUNDATION GRANT
The board welcomed Steve Rawlings and Dick Redmond, DTE Energy, and Becky Cooper,
Water Studies Institute, and heard about the 5-year $265,000 DTE grant to
support the expansion of the WSI summer teachers' institute on freshwater.
FACULTY COUNCIL REPORT
Stephen Drake reported that Faculty Council had heard an update on the Water
Studies Institute from Tim Ervin and Becky Cooper and were discussing ways
more faculty could become involved; that the CAAP Assessment has been completed;
and that the Dennos Museum Center has had many faculty and classes on-site
this year.
STATE ISSUES
Tim Nelson reported that there are no "revelations" since his board
update; that the executive order had been vetoed by the legislature and we
are in a wait-and-see position, still planning our budget with the possibility
of a State reduction.
BARBECUE BOARD REPORT
Bob Brick reported that decisions had been made regarding funding. Projects
to be funded fully or partially include:
BOARD FINANCE AND AUDIT COMMITTEE REPORT
Walter Hooper reported that projections for the FY05 budget look positive;
that they are still looking at refinancing the bond which could save taxpayers
about $1.1 million; and that the FY06 budget looks challenging.
BOARD LEGISLATIVE COMMITTEE REPORT
Jack Stegenga said that this committee is reactivating itself to stay abreast
of happenings in Washington and Lansing and to develop an NMC legislative
agenda to maximize funding opportunities.
FOUNDATION REPORT
Jack Stegenga reported that he was impressed by the enthusiasm and quality
of the Foundation board members; praised the addition of four new members;
appreciated calls from Phi Theta Kappa and SGA members who thanked donors;
and encouraged nominations for the Foundation Excellence Awards.
FOUNDATION
FINANCE AND AUDIT COMMITTEE REPORT
Ross Childs said that for the quarter ending December 31, 2004, the Foundation
investments returned $1,160,000 or 6.71% with an annual time-weighed rate
of return of 8.26%; heard a Huntington Bank investor's report; and scholarship
awards information has been made available to NMC departments.
PRESIDENT'S
REPORT
Tim Nelson said that the Rotary's $100,000 challenge grant to the Water Studies
Institute has been met so that $200,000 is available as seed money for an
endowment.
BUDGET TOPICS
The board heard discussion on Budget Topics in which options for designating
the projected $400,000 surplus were identified; also that decisions about
a tuition increase will be made by the Board in April in time for the beginning
of online registration.
APPOINTMENT OF FOUNDATION BOARD MEMBERS
Jack Stegenga made a motion, seconded by Ross Childs, that Jayne Mohr and Richard
Redmond be appointed to the NMC Foundation Board for three-year terms, effective
January 1, 2005. Motion passed.
PRESIDENT'S EVALUATION
Elaine Wood made a motion, seconded by Ted Mattis, that the Board adjourn the
open session and consider in closed session (pursuant to Subsection 8[a]
of the Michigan Open Meetings Act) the annual performance evaluation of the
president, per his request for a closed session. Motion passed.
ADJOURNMENT
The meeting was adjourned at 8:16 p.m.
Recorded by
Karen Sabin
| SIGNED |
|
|
|
| ATTESTED |
|