Chairperson Bearden requested that, due to time restraints, the committees only deal with Action Items. She asked that anyone interested in the details of the committee reports refer to the Report to the Board of Regents.

Academic Affairs Committee Report:

Action Item: Motion was made by Regent Farris and seconded by Regent Gordon to ratify Conferral of Degrees, December 2015 graduation. The motion passed 8-0.

Student Affairs Committee Report:

No action was taken in regard to the Student Affairs Committee Report.

Business Affairs Committee Report:

No action was taken in regard to Business Affairs Committee Report.

Finance and Audit Committee Report:

Action Item: Motion was made by Regent Barfield, on behalf of the Audit Committee, to accept the 2014-2015 Financial Statements and Report of External Auditors. Regent Farris seconded the motion. The motion passed 8-0.

Action Item: Motion was made by Regent Barfield, on behalf of the Audit Committee, to accept the Internal Audit Report. Regent Farris seconded the motion. The motion passed 8-0.

External Relations and Development Committee:

No action was taken in regard to the External Relations and Development Committee Report.

Interim Chief Information Officer Wendy Dixie introduced the new Oracle Project Manager, N'Namdi Pasksins. Ms. Dixie stated that the contract with TATA/TCS ("TCS") was terminated due to the fact that TCS was not meeting expectations. Mr. Paskins stated that KSU is in discussions with another company, ERP Analysts, and its subcontractor, Addvantum, to implement the Oracle PeopleSoft system. Mr. Paskins also stated that ERP Analysts and Addvantum have presented a draft contract to KSU as of January 21, 2016. The KSU Executive Team will review and edit the contract and continue to work with ERP Analysts.