Regent Bearden presented the Academic Affairs Committee report. Written reports were provided to the Committee members prior to the meeting. Regent Bearden stated that faculty is continuing to conduct important research projects on behalf of KSU. The Committee spent the majority of its discussion on the topic of the proposed internal faculty review process. KSU will conduct an analysis of faculty productivity using the Delaware Cost Study. This process will enable KSU to compare itself among peer institutions in the areas of cost delivery, teaching loads and overall benchmarking.

No action items were reported for the Academic Affairs Committee.

Finance and Audit Committees:

Regent Henry presented the Finance and Audit Committees reports. Written reports were also provided to the Committee members.

Action Item: Motion to approve the October 24, 2014 minutes of the Finance Committee was made by Regent Farris and seconded by Regent Barfield. The motion passed, 8-0.

Regent Henry explained that the A-133 Audit report of federal grants and programs at KSU was completed by KSU's external auditor.

Action Item: Motion to adopt the A-133 Audit Report was made by Regent Whitehead and seconded by Regent McFayden. The motion passed, 8-0.

President Burse discussed a request for approval of student fees for the 4-week Intensive English as a Second Language program. KSU will offer students from foreign universities an opportunity to study at KSU for a month of English Immersion.

Action Item: Motion to approve the addition of ESL program fees of $3,650 was made by Regent McFayden and seconded by Regent Haskins. The motion passed, 8-0.

Mr. Harry Stinson, Interim Athletic Director, presented an Athletics update. A written report was forwarded to the Board members prior to the meeting. Mr. Stinson explained that his department is undergoing a process of flattening to reduce costs. Approximately two positions will be eliminated during this process.