Regent Adams queried whether the SGA was involved in efforts to help address the issue of student accounts receivable and consequences for not paying one’s bills to the University.

Chair Dukes inquired into the status of financial literacy classes for incoming students.

Ms. Dunaway then presented the President's Unit Expenses for July–October 2024 and stated that they would be presented monthly moving forward. Ms. Dunaway then opened the floor for questions.

Regent Walston posed a question regarding funding from indirect costs that come into the institution.

Ms. Dunaway concluded her presentation with an audit update, noting that CLA hopes to have the audit finished within the first few weeks of January; after that time, they will immediately begin the FY 24 audit.

Regent Moyer inquired into the timeliness of the FY 24 audit. President Akakpo responded that the FY 24 audit will not be completed by May 15.

Regent Hatchett queried as to the University's standing with SACS and its continued failure to meet their obligations.

Chair Dukes asked why the FY 23 audit is taking longer than FY 21 and FY 22, and why it has been so difficult to timely complete this audit. She further inquired into steps being taken to alleviate delays with the FY 24 audit.

Regent Moyer sought assurance that the FY 24 audit would be completed in a timelier manner and queried as to the extent that the FY 24 audit depends on the completion of the FY 23 audit.

Regent Hatchett asked Ms. Dunaway how many people are on her team and whether she continues to have vacancies. He also inquired as to the extent of YPTC's involvement.

Chair Dukes inquired whether the audit was being managed like a project, including timelines, targets, and task assignments. Ms. Dunaway responded affirmatively.

Regent Walston queried whether the individuals on Ms. Dunaway's team people were stabilized.

Regent Fields requested that the Audit Update be included in the Board Book moving forward.

Regent Hatchett echoed Regent Field’s request and asked to receive reports (including financial reports and Board meeting minutes) well in advance of Board meetings. Regent Walston concurred and requested that Board Books be received well in advance of meetings too.