Regent Henry called the meeting to order at 10:11 a.m. on January 25, 2013.
Regent Henry asked for the roll call, which was recorded as follows:
Regent Lavaughn Henry, present Regent Ron Banks, present Regent David Guarnieri, present Regent Syamala Reddy, absent Regent Chuck Whitehead, absent Mrs. Lockridge, present
A quorum was declared.
Action: Motion to approve the minutes from the October 26, 2012 Finance Administration Committee meeting was made by Regent Banks and seconded by Regent Guarneri. The minutes stand approved as presented.
Motion to approve the minutes from the October 26, 2012 Finance Administration Committee meeting was made by Regent Banks and seconded by Regent Guarneri. The minutes stand approved as presented.
Regent Henry recognized Mrs. Lockridge to carry the discussion forward.
Vice President Lockridge gave an overview of the Executive Summary Narrative. She stated that we are monitoring the assessment of tuition and mandatory fees for Fall and Spring semester. In the Fall, tuition and fees were short about $370,000.00 from our adjusted budget. She stated that expenses for six months year to date approximated 39% of our budget. She further stated that operations will align for the reduction in revenue and that conversation has already begun