C. Institutional Advancement and Alumni Relations
1. Informational Items
Rick Smith, Interim Vice President for External Relations and Development, presented the Biennial Endowment Report. President Brown expressed concern that the University does not bank locally, resulting in a lack of community engagement. A discussion was held and it was agreed that President Brown would bring an update on banking to the next meeting.
Sonia Sanders, Assistant Vice President for Public Engagement and Community Outreach, gave an update on the Billy Ray Cyrus event, the President’s Brunch, and the Chamber of Commerce ribbon cutting at the Thoroughbred Shop at the Capitol Plaza Hotel. The final report and costs associated with Homecoming 2017 will be available at the next meeting and a 2018 Homecoming Committee will be formed.
Ms. Sanders presented the Community Engagement Report. Kentucky State University participated in ribbon cutting ceremonies, Thanks for Giving Food Drive, and Toys for Tots.
Mr. Smith introduced the following new coaches: Katrina English, Head Volleyball Coach; Fatimah Shabazz, Interim Head Track and Field Coach; David Morton, Interim Head Softball Coach; and Robert Manley, Interim Head Golf Coach.
D. Finance and Administration
1. Informational Items
Kevin Appleton, Senior Vice President for Finance and Administration, presented the Quarterly Financial Status Update. The report included an update on the RFP to retain a food service provider and the outsourcing of the payroll process. Preparation of financial reports by Dean Dorton for the audit of June 30, 2017, has fallen behind schedule. A preliminary financial statement has been provided to the State Controller, Ed Ross. Mr. Appleton and President Brown discussed a possible shortfall of funds due to unbudgeted expenses, as many prior year bills were not paid and are being paid from this fiscal year's budget.
In the 2018-2020 Budget Request, Mr. Appleton addressed the KERS increase and Performance Funding, both of which could significantly impact KSU's budget.
Mr. Appleton's Campus Facilities and Priorities report included technology updates, campus appearance, energy upgrades, and various