Finance & Administration: Answers to Board of Regents' Questions

  1. Number of employees KSU pays in KTRS? There are 179 participants. KSU contributes 15.865%
  2. Student Services/Career Center update – number of employees currently? None. In the past? In the past there were 3 employees in Career Services, but at one time there was a total of 4. How much are the salaries? Director's salary: $90,000 and the Associate Director salary: $59,100. Current progress of filling vacancies? Dr. Hamilton reports they are actively searching to fill vacancies.
  3. Latest Admissions for fall? New? Returning? -(attachment)
  4. Calendar – when board members will receive periodic financial info? Quarterly Board of Regent Meetings.
  5. How will Auxiliaries' Profit & Loss be tracked? Through housing and meals revenues and expenditures accounting for FOAPs (Fund Organization Account Program)
  6. Separate Budget for Auxiliaries. (please see CFO Financial Summary Reports, page 12, presented at 6/28/22 Board of Regents Meeting)
  7. CFO to investigate interest income decrease. (Budgeted over $10k, actual $279) – Dr. Shields is awaiting a meeting with Fifth Third to discuss.
  8. Provide Income Statement to include $23 million loan from the state: This item is not to be repaid at this time. Reported item will be provided on Balance Sheet Financial Statement at the October 12, 2022 Board of Regents meeting.
  9. Breakdown of Board of Regents expenditures – (attachment)
  10. Confirm that KSU did NOT receive duplicate payment from CARES money. Confirmed & replied to email on 6/24/22. - (attachment)
  11. Admissions – how are they tracking enrollments? – Dr. Hamilton to get information from Admissions Director & provide answer to the board.
  12. Athletic Trainers? Hiring in process?
  13. Attorney Lang responded that an RFP has been drafted & trainers will be on campus by the time athletes arrive.
  14. Comparison between KSU & comparable University in size regarding financials, budgets, etc. (please see CPE November 2021 Report on KSU Financial Status, pages 32-51)
  15. Student Services budget breakdown (includes Athletics) $5.9 million total budget for FY 22-23, $2.2 million of that is Athletics' budget.
  16. What are the Land Grant salaries? - (attachment)
  17. Board would like updates & reports on vacancies & progress on filling positions. This situation has had a very slow progression in attempting to obtain qualified applicants. Open positions will be filled as availability in the budget allows.

Attachments: #3: Enrollment comparison from Fall 2021 to Fall 2022

#9. Breakdown of Board of Regents expenditures

#10. Email from Dr. Shields to Regent Hatchett regarding funds

#15. Salary Report provided by OHR for Land Grant Salaries

18