project. KSU would pay lease payments to Mantra from revenue it would generate from student housing payments.
The actual cost for the building project has not been calculated as yet, since final designs have not been completed. The facility and ground leases will have the final costs delineated.
A new building has been included in KSU's 2012-2014 approved capital budget and KSU staff has discussed the project with the State Finance Cabinet.
KSU has 1027 dormitory beds and the residence halls are normally at 90-92% occupancy.
President Sias advised that new academic standards have been developed and forwarded the Academic Policies Committee (APC) of the Faculty Senate for review and consideration. The proposal is expected to support the increased number of applicants prepared to succeed at the college-level without diluting KSU's mission of access. Once review and discussion has concluded, the admissions standards will be shared with the Board in greater detail.
Regent Bearden presented the Academic Affairs Committee report. A detailed written report was provided to the board. Regent Bearden commented upon ongoing work of the dedicated faculty at KSU.
Action: Motion was made by the Academic Affairs Committee to confer the appropriate degrees upon students who have completed the requirements and are eligible to graduate in December 2013. The motion passed 10-0.
Regent Henry presented the Finance and Administration report. A written report was also provided. Regent Henry stated that KSU had sent letters to its employees about the Affordable Care Act. Additionally, KSU held a campus-wide wellness event that was well-received. No action items were reported.
Regent Williams presented the Student Success and Enrollment Management Committee report. She provided an update on Student Life Activities, Health Services utilization, Career Placement, Enrollment Management, and Admissions. Regent Williams informed the board that the division was making progress towards achieving its goals. The enrollment for Fall 2013 was up 35% more than the previous fall. These newly enrolled students also had the highest average composite ACT scores within the past 5 years.
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