Call to Order 

The meeting was called to order at 5:16 p.m. 

Roll Call 

Present: Brannan, Proctor, Rasmusson, Smith, Laverty
Absent: Canady, Pelleran 

Limited Public Comment Regarding Agenda Items 

There was no public comment. 

EXECUTIVE SEARCH STATUS 

Laverty gave a brief Executive Search update.  Each Board member was given copies of the following books: 

1. The Well-Informed Candidate:  A Brief Guide for Candidates for College and University Presidencies
2. Presidential Search:  A Guide to the Process of selecting and Appointing College and University Presidents
3. Presidential Compensation in Higher Education
4. Presidential Search Guidelines and Directory

COLLEGE POLICY DISCUSSION 

Financial Oversight and Monitoring Policy

IT WAS MOVED by Trustee Smith and supported by Trustee Rasmusson to approve the Financial Oversight and Monitoring Policy.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried 

Purchasing Policy 

Hold until the June 19, 2006 regular Board of Trustee meeting. 

Travel and Business Related Expense Policy

IT WAS MOVED by Trustee Smith and supported by Trustee Rasmusson to approve the Travel and Business Related Expense Policy.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried 

Hiring and Contract Approval Policy

Hold until the June 19, 2006 regular Board of Trustee meeting. 

Staffing Policy 

IT WAS MOVED by Trustee Smith and supported by Trustee Brannan to approve the Staffing Policy.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried 

Severance Policy 

IT WAS MOVED by Trustee Brannan and supported by Trustee Smith to approve the Severance Policy.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried 

AUDIT COMMITTEE 

IT WAS MOVED by Trustee Rasmusson and supported by Trustee Brannan to approve the Hiring of Maner, Costerisan & Ellis, PC to do the FY 2006 Audit.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried 

Trustee Rasmusson stated that the Audit Committee is recommending that the new CFO meet the federal standard for financial expert or as least be a CPA or someone with extensive experience in governmental financial work. The Audit Committee recommends that the internal audit advisor, advise the Board whether there should be a stronger internal audit capability or hire an internal auditor.  The committee recommends to the President that she develop a succession plan, to take care of short absences and long absences of key personnel.  The Committee also recommends a Board self evaluation. 

IT WAS MOVED by Trustee Pelleran and supported by Trustee Brannan to accept the Audit Committee Report.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried

ESP CONTRACT 

Tim Zeller presented the ESP contract. 

IT WAS MOVED by Trustee Pelleran and supported by Trustee Smith to accept the ESP Contract.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried 

CLOSED SESSION 

The Board did not enter into closed session. 

PUBLIC COMMENT 

Trustee Pelleran: As you all know the state legislator zeroed out the House budget and the House zeroed out the Senate budget.  It was an unprecedented move in the history of the Michigan state government.  That means that every item is negotiable in state budget and it will boiled down to six people making final decisions in conference committees.  If you have priorities take a moment and call your State Senator or State Representative, it is important to weigh in right now.  They are setting targets this week for every budget and they will report out the final state budget for the State of Michigan for the year 2006 - 2007 by the end of next week. 

ADJOURNMENT 

IT WAS MOVED by Trustee Smith and supported by Trustee Rasmusson to adjourn the meeting.

Roll call vote:
Ayes:  Brannan, Pelleran, Proctor, Rasmusson, Smith, Laverty
Nays:  None
Absent: Canady 

Motion carried 

The meeting adjourned at 5:46 p.m.