This agenda item was tabled as Regent Savion Briggs, SGA President, was not present.
Ms. Vicki Dunaway, VP of Finance & Administration and CFO, presented this agenda item, reporting that the 2022 audit is now complete. She discussed the status of the 2023 audit, stating that the goal for completion is on or before June 30.
Chair Dukes inquired whether Ms. Dunaway anticipated any issues that might require some sort of special accounting treatment that could delay the completion of the 2023 audit.
Regent Walston queried as to the effect that the audit reports might have on the University’s accreditation.
Ms. Dunaway also noted that she is working on the FY 24–25 budget, and anticipates presenting those figures to the Board for review within the next month.
Regent Hatchett asked whether Ms. Dunaway feels optimistic that auditors have gotten the message as to the necessity of meeting audit deadlines.
Next, Ms. Candace Raglin, Director of Human Resources, presented the Personnel Update, reporting E&G and grant-funded positions filled from February 28, 2024, to the present.
Chair Dukes inquired as to the number of currently open positions.
HR Director Raglin presented this agenda item, sharing the proposed FY25 holiday schedule.
Regent Walston asked a question regarding staff performance evaluations.
Both Governance agenda items were presented in a single discussion by General Counsel Zachary Atwell. Attorney Atwell stated that the Office of General Counsel is leading the revision of KSU policies, per the MIP. Nearly all HR policies have been reviewed and revised and will be sent to President Akakpo for approval on an interim basis. These policies will eventually supersede the existing HR policy manual, which is quite outdated.
Several existing policies from other departments also will be revised and reviewed by the OGC then sent to the President for approval on an interim basis. Attorney Atwell