North Egypt News

Shawnee Community College District #531 Board Finance Committee met May 8.

Here are the minutes provided by the committee:

A special meeting of the Shawnee Community College District No. 531 Board Finance Committee was held May 8, 2025 in the Founders Room. Chairperson Witthoft called the meeting to order at 9:04 am.

I. Call to Order

II. Pledge of Allegiance

III. Roll Call

√	Nancy Holt		√	Andrea Witthoft
√	April Moore

Others Present:

Dr. Tim Taylor, President

Chris Clark, Vice President of Administrative Services

Tina Dudley, Executive Assistant to the President

Tammie Beckwith Schallmo, PMA Securities, LLC (Joined via Zoom @10:00 am)

IV. Recognition of Guests and Public Comment

There were no guests or public comment.

V. Presentation, Discussion, and Action Items

A. FY26 Budget Development

VP Clark shared the Budget Development tool which addressed several key areas as noted below:

i. Priority Initiatives

As the New Strategic Plan is being developed, priority areas to consider include:

− College Wide: Continue Gavatorta/Leadership Training; Continue HR Consultant (Inclusive Outliers/Donna); Insights Reporting Tool; Math Bridge Coursework and Dual Credit (grant-funded)

− Academic Affairs: Power Sports, Respiratory Therapy; CBE Welding; Curriculum Development for Business; Third CBE - IT Instructor; Expansion of EMS/EMT Courses.

− Student Affairs: Strategic Enrollment & Recruitment – Non-Trad Enrollment; CBE Advisor; EAB Navigate (Student Affairs Programming); Career Pathways and Career Placement.

− Administrative Services: Facility Master Plan; Deferred Maintenance; Technology Readiness (identify gaps, get ahead of potential issues); Multi Year Tuition.

ii. Priority Areas

− Lists submitted by each VP will be further discussed and brought back to the BFC in preparation for an actual request to the Board (considering staffing needs of those chosen priorities - faculty, etc.)

− Consideration is given to those areas that also have revenue generation (Respiratory, Power Sports, etc.)

− Ranked (new) position requests.

iii. FY26 Staffing/New Positions

In consideration of FY26 Compensation for FT Administrative & Support Staff, the Committee will be recommending a variety of compensation options. Also, the Committee is recommending a summer, compressed work schedule with eight Fridays off.

In consideration of new positions requested, further discussion related to the organizational charts and restructuring is forthcoming.

iv. Construction/Deferred Maintenance

− 810-086-015 (Server Room/HVAC)

− 810-086-017 (H - HVAC)

− 24010 - Window K Atrium

− 24012 - Parking Lot

− 25011 - ACEC Roof

− 25012 - K Windows (Consistent w/Project 24010)

− 25013 - I - Roof

− 25014 - I & J Concession

− 25015 - L HVAC

− Dugout

v. Capital Equipment List

The Capital Equipment List will be updated on a quarterly basis and presented within the Quarterly Business & Finance Monitoring Report. The updates will address the funding source of items (Institutional-funded or Grant-funded)

B. Facility Master Plan

Our Financial Advisor, Tammie, joined the meeting to share a presentation addressing a variety of financing options. Discussion included:

− Our existing debt service on Bonds

− Treasury Rates

− Historical tax-exempt interest rates

− Debt Certificates (and how we can borrow)

− Alternate Revenue Bonds

− Funding Bonds

− Two-step Non-referendum Funding Options

− Project Phasing and Financing Mechanisms

− Financing Scenarios

− And, an overall proposed timeline for Debt Certificates and Funding Bonds issued in 2025.

i. Union County Extension Center

VP Clark shared location options and updates related to the Union County Extension Center.

ii. Johnson County Extension Center Options

VP Clark presented option updates in the Johnson County area for an Extension Center.

VI. Adjournment

The meeting adjourned at 12:07 pm.

https://shawneecc.edu/wp-content/uploads/2025/05/25.05.08-Board-Finance-Committee-Minutes.pdf