The following actions were taken by the Board of Trustees during the February 2015 trustee meeting.
On the academic side, the Board approved an onsite Bachelor of Science in nursing program and in education, a dual certification in early childhood (preK-4)/special education (preK-8).
On the financial agenda, the Board approved a number of budget assumptions for fiscal year 2016 for planning purposes. Final planning for fiscal year 2016 will be approved during the May 2015 Board meeting.
To help expedite the process of refinancing the College’s debt, the board approved a resolution providing the administration authority to negotiate the necessary agreements with financial institutions. The resolution also provides the board’s executive committee with authority to approve the agreements on behalf of the full board.
The Board approved IRS Form 990 for the 2014 calendar year. Form 990 is the annual reporting form required for 501(c) (3) private foundations that provides information on the organizations mission, programs and finances. The form will be accessible on the College website after its filing later this month.