November 9, 2017 Executive Committee Meeting Minutes


The Executive Committee of Asheville-Buncombe Technical Community College Board of Trustees convened a meeting on Thursday, November 9, 2017, at 2:00 p.m. in the Magnolia Building. Mary Ann Rice, Chair, presided.

The following members of the Executive Committee were present: Joe Brumit, Frances Ramsey, and Roger Metcalf.

Others present for the meeting included: Dennis King, President; Dirk Wilmoth, Vice President Business and Finance/CFO; and Carolyn Rice, Secretary to the Board.

 

Meeting Purpose

The fee increase, budget, and personnel update.

 

Fee Discussion

Dr. King informed the Committee that until recently, the American Heart Association has charged $5 per CPR (Cardiopulmonary Resuscitation) certification card, and recently increased that cost from $5 to $17 per card. The College has a group of approximately 100 students who will be attending a CPR class in the near future, and the College administration is requesting to raise the fee of the CPR card to $17 to alleviate a financial loss to the College.

The Committee unanimously agreed to raise the cost of a CPR card from $5 to $17 and will discuss the fee increase with the full Board during the December 11 meeting.

 

Budget Discussion

Dr. Dirk Wilmoth discussed the College’s budget in detail with the Committee. The College’s budget is funded by the state, Buncombe, and Madison counties. Funding from the state directly corresponds with the College’s full-time enrollment figure. A full-time student who takes a course load of 32 credits per fiscal year is considered one FTE (full-time equivalency) for the purposes of state funding. One FTE equals approximately $5,500 for the College.

Each department is given the opportunity to formulate its base and enhanced budgets, which are linked to the College’s Strategic Plan. These budgets give the College a general idea as to what items need funding in the coming years. The Executive Leadership Team makes decisions on all budget requests once the state releases its final budget.

The State budget is comprised of three components: Capital, Operational, and Compensational. Salaries and benefits are 77 percent of the College’s budget.

Dr. Wilmoth asked the Committee if they would like to see a detailed budget report at each Board Meeting, or if the Quarterly Summary was sufficient. The Committee agreed that the Quarterly Summary was an excellent report.

 

Personnel Discussion

Dr. King informed the Committee of upcoming retirements of key positions and reassignments in the College, resulting in the need to restructure some departments.

 

Adjourn

The meeting adjourned at 3:20 p.m.

 

Respectfully submitted,

Carolyn H. Rice
Board Secretary