Lehigh Carbon Community College

LEHIGH CARBON COMMUNITY COLLEGE

BOARD OF TRUSTEES

FINANCE AND INSURANCE COMMITTEE

Minutes

January 19, 2015

Committee Present:J. Alban, P. Fisher,M.Green (Chair), R. Marcus, B. Miracle, R. Smith,

Management Present:T. Bean, C. Haney,B.Kahler,

Faculty Present:C. Hediger, faculty rep.

AGREED UPON PROCEDURES (AUP) - STATE AUDIT

The report analyzes state funding usage and the college budget to be sure monies are spent in accordance to the rules. The report was reviewed, noting $15,632 is owed back to the state in the equipment and furnishing reimbursement category.

ENROLLMENT UPDATE

The Enrollment Dashboard was reviewed, noting a -0.3% or 17 students decrease from the same time last year in Total Degree Seeking students. However, the number may still increase with late start registrations still expected. Several initiatives were taken to increase spring enrollment;

• @ 103 students who had financial aid available but had not registered were contacted and of those approximately half registered for classes.
• Admissions contacted students who had applied but not registered through an email blast and telephone campaign.

The focus now is for summer and fall sessions. Processes are being reviewed for ease of use in Admissions, Financial Aid and Registration. Dual enrollment continues to be a core focus area. A new marketing campaign is being developed to capture students for summer/winter sessions when they may be on break from another 4-year institution. It was noted that as Parkland teachers retire, who teach dual enrollment classes, they will not be replaced. There was discussion how the Three C Scholarship affected Carbon enrollment.

CASH FLOW STATEMENT

The Cash Flow statement was reviewed.

BUDGET PROGRESS REPORT

The Statement of Revenues and Expenditures was reviewednoting an increased awareness and need for “cyber liability” insurance.Discussions are being held with IT on how best to protect student information.

REVIEW 2ND QUARTER GRANTS REPORT

The quarterly report was reviewed and discussed.

REVIEW 2ND QUARTER TRAINING CONTRACTS REPORT

The quarterly report was reviewed and discussed. A contract may be forthcoming with Amazon for on-site training at their facility.

UNEMPLOYMENT COMPENSATION QUARTERLY UPDATE

The report was reviewed and discussed. The report is self-explanatory.

REAL ESTATE RESOLUTION UPDATE

The report was reviewed and discussed, noting that all viable spaces will be explored.

OLD BUSINESS

(A) Scholarship update

A complete listing and updated report is being worked on, in an easy to read format.

(B)Carbon Site

Several suggestions have been made for alternate sites and all viable spaces will be explored.

NEW BUSINESS

None discussed.

NEGOTIOATIONS TEAM UPDATE

Discussed in executive session.

Recorded by,

Tracy Bean

Administrative Assistant