ACTION ITEM:

Approve the Amendment to Ellucian Contract.

FACTS:

In the recent "Kentucky State University Financial Assessment Report" issued by the Kentucky Council on Postsecondary Education, one of the recommendations was:

"Improve the accounting and reporting system and internal controls over financial reporting: provide quarterly GAAP statements and other financial information to the Board of Regents."

This project will be a two-phase review and optimization of the KSU implementation of Banner. Phase I will be an analysis of our current implementation to review business practices and processes, identify problems, and make recommendations for improvements. Based on these recommendations, the system will be reconfigured, staff will be retrained, and implement industry best practices.

BUDGETARY IMPLICATIONS:

Ellucian - $313,425 (Title III - Federal Funds)

RECOMMENDATION:

Acting President Stamps recommends that the Board of Regents approve the Amendment to the Ellucian Contract.

MOTION:

Approve the Amendment to the Ellucian Contract.

Finance and Administration