Ms. Smoot reported that the HR Procedures Manual was being updated. Ms. Smoot also reported that she is requiring her employees to undergo cross-training so that they can be more flexible and productive.

Regent Henry also reported that a more regular process for exit interviews for terminating employees will begin immediately. HR has also been developing an updated performance appraisal process for all employees.

Regent Henry stated that during the committee meeting Vice President for Business Affairs Greg Rush reported that in spite of a revenue shortfall of more than four million dollars, the University should finish the fiscal year with no more than $300,000-$400,000 over budget. Regent Henry noted the continuing improvement in budget management and fiscal planning. Outstanding student accounts receivable are also down significantly.

The committee reviewed the University's current financial statements. Mr. Rush reported to the committee that the cuts proposed by Governor Bevin were restored. The University's budget is very tight but due to internal cuts by the administration, KSU was still on track to have a balanced budget for the fiscal year.

Action Item: Motion was made by Regent Henry on behalf of the Business Affairs Committee (there was no second required since the motion was brought on behalf of the committee) to approve the updated dual credit fee. The motion passed on a vote of 8-0.

Action Item: Motion was made by Regent Henry on behalf the Business Affairs Committee (there was no second required since the motion was brought on behalf of the committee) to approve a $20/credit hour fee for graduate students for books. Due to scholarships, the fee increase will be net neutral for students. The motion passed on a vote of 8-0.

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

External Relations and Development Committee:

Regent Whitehead gave the report of the External Relations and Development Committee.

Regent Whitehead reported that Rick Smith, Interim Vice President for External Relations and Development, updated the committee on several initiatives his department had undertaken to improve marketing, public relations and alumni outreach. During the committee meeting, the new Head Football Coach, Men's Basketball Coach and Women's Basketball Coach were introduced and gave brief statements to the committee.

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