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September 20, 2018 Finance Subcommittee Meeting Recording and Minutes

September 20, 2018 - Finance Subcommittee Meeting Recording

Minutes of the Finance Subcommittee Meeting

September 20, 2018

  The teleconference meeting of the subcommittee was called to order at 9:00 a.m. by Subcommittee Chair Gary White.  Those participating in the meeting were Chair Gary White, Ellen Cappellanti, Eric Lewis, Mirta Martin, and Jerry Gilbert (resource person).

Dr. Chris Treadwell delivered a PowerPoint presentation on the HEPC Funding formula.  Following his presentation, he took questions from members of the subcommittee.

Dr. Jerry Gilbert presented a proposal on approaching higher education funding in a two-step process.  The first step would involve an infusion of additional monies to the budgets of selected regional institutions.  The second step would involve the development of a new funding formula with input from all the four-year institutions. 

There was discussion of Action Item 1.2 in the proposal.  This item concerned a reporting requirement of institutions receiving additional money.  It was decided that the full committee should have input on whether to require this action.  After the discussion, a motion was made to approve the proposal, and it passed unanimously.

The meeting was adjourned at approximately 10:40 a.m.