C. Vacant Positions
This agenda item was incorporated in Dr. Burnette's discussion of “Filled Positions,” above.
D. Outsourced Functions
Dr. Burnette provided the Committee with an update on Your Part-Time Controller.
Following Dr. Burnette's presentation, Chair Hatchett asked Dr. Burnette if his Department maintains a calendar of deadlines regarding CPE's progress reports to the Kentucky General Assembly. Chair Hatchett queried whether Dr. Burnette's calendar of deadlines should be a standard agenda item during Board meetings.
X. Status of the Finance & Administration Department's Implementation of the Management Improvement Plan
This agenda item was incorporated in the discussion following Dr. Burnette's presentation of agenda item IX. (D), above.
XI. Update on Student Accounts Receivable
Chair Hatchett asked Dr. Burnette to present this agenda item.
Following Dr. Burnette's presentation, Chair Hatchett requested that Dr. Burnette and Interim President Johnson keep the Board apprised of the situation and to let the Board know if a point is reached where the budget needs to be amended.
Regent Moyer inquired as to the aggregate amount of student accounts receivable and asked how the current number compares to that of a year ago.
Regent Adams asked for the timespan regarding the collection of former student debt.
Regent Adams further asked if KSU had ever worked with a debt collector or sold off the debt in the past.
Regent Fletcher inquired into the policy regarding student payments and how payments are managed to prevent long-aging accounts receivable.
XII. Discussion of the University's Endowment, Gift Processing, and the Role of the KSU Foundation, Inc.
Interim President Ronald Johnson, Dr. Don Lyons, Secretary of the KSU Foundation ("Foundation"), and Mr. Michael DeCourcy, Executive Director of Institutional Advancement, presented this agenda item.
Dr. Lyons began by sharing the history and function of the Foundation, explaining that the KSU Endowment is a separate entity.
Chair Hatchett inquired whether the relationship between KSU and the Foundation was entirely governed by the 2019 Memorandum of Understanding ("MOU"). When Dr. Lyons responded affirmatively, Chair Hatchett asked what governed the relationship (which dates back to 1968) prior to the 2019 MOU.