Chair Patton thanked Mr. Powell, Dr. Mayberry, and President Johnson for their presentation.
Dr. Daarel Burnette, Interim Executive VP of Finance & Business Affairs and Chief of Staff, and Mr. Harry Dodson from the U.S. Army Cadet Command, were scheduled to present this agenda item.
Dr. Burnette began by stating that Mr. Dodson was unable to attend today, and therefore, his part of the presentation might need to be postponed until next month.
Dr. Burnette reported that the intent of the pilot program was to host a one-week JROTC program at KSU over the summer, with the hope that high school students who attend will be exposed to the KSU campus and consider KSU as their school of choice upon graduation. Dr. Burnette viewed this as a win-win situation for both KSU and the students who attend the program.
President Johnson discussed why the JROTC pilot program was an important opportunity for KSU.
Chair Patton stated that he was very impressed upon reviewing the materials regarding this program and the benefits it would bring to the institution, and he looked forward to learning more about it.
Regent Briggs commented that he thought the JROTC pilot program would undoubtedly benefit enrollment and recruitment by bringing KSU's presence into geographic areas where it would not typically appear.
Chair Patton thanked Interim VP Burnette and President Johnson for their presentation.
Next, Chair Patton asked Interim VP Burnette to present this agenda item. Interim VP Burnette began by echoing Interim President Johnson's comments regarding CPE's oversight and MIP deadlines for deliverables, then introduced KSU's Controller, Ms. Tonya Walker.
Dr. Burnette presented updates on the E&G budget execution (through December 2022), the cash flow report as of January 2023, as well as FY 2021 and FY 2022 Audit updates (which, he stated, are going very well).
Following Dr. Burnette's presentation regarding E&G Budget Execution – Dec 2022, Ms. Walker elaborated on KSU's standing with the FY 2021 and FY 2022 audits and some of CPE's MIP deliverables to date.
Dr. Burnette continued with a discussion of HEERF Funds, noting that $19.8 million had been awarded to KSU with $7.5 million still unspent that must be spent before October 30, 2023, to prevent losing those funds. Dr. Burnette detailed allowable expenses for HEERF Funds.
Regent Fields asked whether a student who is awarded HEERF funds must use those funds towards a bill or debt to the institution, or if they are permitted to simply receive and keep the money.