Board of Trustees
January 16, 2025
The North Arkansas College Board of Trustees met in regular session on Thursday, 16, January 2025 in the JPH conference center. Vice Chair Henry called the meeting to order at 3:00 p.m. Trustees Linda Pledger, Bob Mouser, Jason Patience, Jon Burnside, Debbie Johnson, and Chris McNew were present.
North Arkansas College personnel attending included Dr. Rick Massengale, Richard Stipe, Brandon Cone, Dr. Matt Cardin, Dr. Laura Berry, Dr. Ricky Tompkins, Kris Greening, Jo Adams, Ryan Hoffman, Tavonda Brown, Dr. Rodney Arnold, Judge Hathaway, and Tyler Jensen.
Approval of Agenda
Vice Chair Henry asked if there were any changes to the agenda as presented. There being none a motion was made, unanimously approved.
Regular Reports
Finance Report: Richard Stipe shared E&G and Auxiliary budget activities through December 2024.
Richard Stipe reported that the total monthly revenue was $1,599,633, and expenditures totaled $1,255,794. The year-to-date revenue was $11,863,764, and expenses were $9,163,819. He noted that the trend patterns are typical for this time of year.
Auxiliary Fund:
The month's revenue was $237,212, with expenditures totaling $93,012. He stated that, similar to the E&G fund, the trend patterns are consistent with expectations for this time of year.
President's Report: Dr. Massengale reported that, as of January 10th, the enrollment headcount was 1,875, and the student semester credit hours were 18,418. He mentioned that, as of last Friday, they were 110 students away from meeting their goal. Since 2020, enrollment has steadily increased. Dr. Massengale thanked staff, faculty, and students for representing ag娱乐官网 through volunteering in the community. He also congratulated the Valley Springs girls’ and boys’ teams for their championships at the 50th Annual Invitational Tournament. Dr. Massengale invited the board to attend the Economic Update Luncheon, held on Tuesday, January 21st.
Consent Agenda
The Consent Agenda included the December regular meeting minutes, replacement positions, TRIO Student Support Services Advisor (grant funded), and Associate Controller.
Vice Chair Henry asked for a motion to approve the Consent Agenda. A motion was made by Trustee Johnson, seconded by Trustee McNew, and unanimously approved.
New Business
Richard Stipe said the item, Resolution to Issue Bonds is a follow-up to the action taken at the December meeting to initiate the process. He said this resolution is to provide funding towards the construction of the Center for Robotics and Manufacturing Innovation and any other related capital improvements.
Vice Chair Henry asked for a motion to approve the new business item as presented. A motion was made by Trustee Johnson, seconded by Trustee Burnside, and unanimously approved.
Vice Chair Henry adjourned the meeting at 3:16 p.m.
