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            "text": "Docusign Envelope ID: DFFEC927-96DA-4F24-9F9A-EA55D5C94B80",
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            "text": "quality of the proper supporting audit documentation since being on the board."
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                    "text": "Regent Moyer asked when it would be reasonable to expect it after the books are closed for a fiscal year. Dr. Bigard responded no more than 6 months.",
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                {
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                    "text": "Regent Moyer asked about the difference in the amount of money spend with auditors and the amount you could expect to spend in a normal world.",
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                    "text": "Dr. Bigard responded we will get to keep millions of dollars."
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                    "text": "Regent Moyer, Regent Obielodan and Regent Hatchett both commented on the audit and Dr. Bigard and Dr. Akakpo responded."
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            "text": "C. Personal Service Contracts.",
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                    "text": "Dr. Bigard commented on the Magellan contract stating there is one more renewal option on this agreement, should they choose to. She summarized what is included in the contract for academic operations and the implementation of the online program itself."
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                    "text": "Has projected revenue of $8.4 million and projected expense of $7.6 million and that includes the SWAY agreement. Net revenue of $788,000."
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                    "text": "Dr. Dailey also discussed the contract with the model goal of 90/10 where 90% of your investment is reinvested in the program and 10% is revenue generating. He said the ultimate goal is 80/20 and if you're extremely productive, it's 70/30."
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                    "text": "Regent Hatchett had a question on how the contract review committee feels about the current contract that they will be voting to extend tomorrow.",
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                    "text": "There was a long general conversation on the Magellan and Sway contracts by Regent Moyer, Regent Fields, Regent Obielodan, Regent Hatchett and Dr. Dailey and the personnel positions compensation."
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            "text": "D. Tuition increase.",
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        {
            "id": "p4.7",
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            "text": "Dr. Bigard said they elected to implement the maximum increase of $420 last year for this current fiscal year. Going into 26-27, they are not going over $210 for tuition. Dr. Dailey also discussed the tuition."
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        {
            "id": "p4.8",
            "order": 17,
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            "text": "E. Ethics hotline report.",
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            "level": 3
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            "id": "p4.9",
            "order": 18,
            "type": "list",
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                "r": 541.44,
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            "text": "",
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                    "id": "p4.9.1",
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                    "text": "Regent Dukes said they did not have any reports on the ethics hotline.",
                    "marker": "•"
                },
                {
                    "id": "p4.9.2",
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                    "text": "Regent Hatchett inquired about how it compares with typical record keeping periods.",
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                    "id": "p4.9.3",
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                    "text": "Regent Dukes responded that they receive very few reports issued through the hotline. She said they need to do a better job of maybe posting as she does not think it's getting enough publicity."
                },
                {
                    "id": "p4.9.4",
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                    "text": "It was stated that most complaints come through e-mail and phone calls."
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