Regent Henry presented the Finance and Administration report. A written report was also provided.
Regent Henry stated that the Committee reviewed unaudited financial statements of the University. Regent Henry also highlighted the following:
The Kentucky General Assembly passed the University budget;
Internal Auditor will review the University's Purchasing, Personnel and Travel processes;
Classification and Compensation Study is underway with an anticipated completion date of July 2014; and
The external audit firm, Dean, Dorton and Allen have made a pre-audit visit to the University.
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. A written report was also provided to the Board.
Regent Williams reported that the university experienced an increase in campus visits by prospective students. Recruitment efforts, including transfer, have increased as well for the 2014-15 school year. Approximately 242 persons participated in the Open House. New Student Orientation will be held in June and July 2014. Generally, 92% of attendees will attend KSU.
No action items were reported.
External Relations and Development:
Regent Whitehead presented the External Relations and Development report. A written report was also provided to the board.
Regent Whitehead updated the board by reporting that there were 561 newspaper articles and 145 television news stories featuring KSU. The majority of these were positive. Over 92 press releases were issued and 83 electronic messages were posted on KSU's electronic sign board.
KSU is at 80% housing occupancy.
In the last quarter, KSU received $725,859 from 439 contributors to the Capital campaign.
No action items were reported.