Andrea Witthoft - Vice-Chairperson, ICCTA | Shawnee Community College District No. 531
Andrea Witthoft - Vice-Chairperson, ICCTA | Shawnee Community College District No. 531
Shawnee Community College District No. 531 Board Finance Committee met June 4.
Here are the minutes provided by the committee:
SPECIAL MEETING
BOARD OF TRUSTEES / BOARD FINANCE COMMITTEE
A special meeting of the Shawnee Community College District No. 531 Board Finance Committee was held June 4, 2025 in the Founders Room. Chairperson Witthoft called the meeting to order at 9:01 am.
I. Call to Order
II. Pledge of Allegiance
III. Roll Call
| √ | Nancy Holt | √ | Andrea Witthoft | |
| √ | April Moore |
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 presented on the FY26 tentative budget. The following items will go to the Full Board on June 12, 2025.
− FY26 Tentative Budget
− FY26 Employee List
− FY26 Capital Projects List
− FY26 Capital Equipment List
B. Facility Master Plan (FMP)
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
− Debt Certificates (and how we can borrow)
− Funding Bonds
− Project Phasing and Financing Mechanisms
− Financing Scenarios
− And, an overall proposed timeline for Debt Certificates and Funding Bonds issued in 2025.
Further discussion is planned with special consideration to tax-payer sensitivity and next steps related to a 5-10-15 year financing plan for further FMP projects.
VI. Adjournment
The meeting adjourned at 10:45am.
https://shawneecc.edu/wp-content/uploads/2025/06/25.06.04-Board-Finance-Committee-Mintues.pdf
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