November 28, 2023 at 3:00 PM - Investment/Finance/Audit Committee

1. Call to Order

2. Standing Committee Items:

2.A. INFORMATION ITEM: Becoming an Entrepreneurial Community College

• Update on Modern Campus
• Update on Ranger Roadshow
• Update on RangerPrint
• Update on KCEXCEL
• Update on Campus Store
• Update on Soft Skills
• Update on KC Shark Tank
• Update on Rangerette Showcase

2.B. FINANCIAL UPDATES:

2.B.1. INFORMATION ITEM: Financial Snapshots and Capital Projections

• August FY23
• September FY24

2.B.2. INFORMATION ITEM: Public Funds Investment Act (PFIA) - 4th Quarter

3. New Business Items:

3.A. ACTION ITEM: To consider approval of the Promotion in Rank Budget (Associate Professor)

3.B. ACTION ITEM: To consider approval of Budget Amendment (24-BA01) that utilizes Reserves to fund additional band scholarships.

3.C. ACTION ITEM: To consider approval of Budget Amendment (24-BA02) which redirects cash funded capital to deferred maintenance funding and establishes a budget for alternative housing option.

3.D. ACTION ITEM: Annual review and to consider approval of the Kilgore College Investment Strategy Policy (TASB/CAK). 

3.E. ACTION ITEM: To consider approval through Resolution R-2024-5 to (1) allow the President to enter into contract negotiations for acquiring Verkada camera systems for Laird and Stark Hall facilities, (2) delegate to the College President the authority to negotiate and finalize any remaining terms related to this same project, and (3) authorize the College President to sign the contract and any other necessary paperwork related to the same project. 

3.F. INFORMATION ITEM: Update KC Transportation Institute

1. Capping Oil Well
2. Soil Conditions

3.G. INFORMATION ITEM: Update on Camfill USA's request for a one (1) year extension on agreements and incentive packages related to their manufacturing facility at Kilgore's Synergy Park and the City of Kilgore's approval of this one (1) year extension.

3.H. INFORMATION ITEM: Update on FY 23 Annual Financial Reports - Audit 

3.I. INFORMATION ITEM: Five (5) Year Pre & Post HB8 Projections

3.J. INFORMATION ITEM: TASB FINANCIAL Policies (For Information Only)

3.J.1. FD (LEGAL, LOCAL, EXHIBIT) Tuition & Fees 

3.J.2. FI (LEGAL, LOCAL) Solicitations

3.J.3. GE (ADMINISTRATIVE RULE: Fundraising, ADMINISTRATIVE RULE: Naming Rights) Advertising & Fundraising

3.J.4. GL (LEGAL ONLY) Relations with Business and the Community

4. Walk-ins: All

• December 11, 2023  5:00PM Board Dinner with President's Leadership Academy
• December 11, 2023  6:30PM  Board Meeting
• December 15, 2023  6:00PM  December Graduation
• February 27-28, 2024  Board of Trustees Institute, Lakeway TX

5. Adjourn