November 16, 2020 at 12:00 PM - Regular Meeting
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I. Call to Order
Presenter:
Scott Radach
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I.a. Invocation
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I.b. Welcome and Recognition of Guests
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II. Minutes of Previous Meeting
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II.a. Minutes of the October Board Meeting
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III. New Business - Discussion
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III.a. Financial Report for the Month Ending October 2020
Presenter:
Teri Langwell
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IV. New Business - Action
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IV.a. Annual Financial Report (Draft) and Audit
Presenter:
Janie Arnold, CPA, Connor, McMillon, Mitchell & Shennum, PLLC
Description:
Annually, the College is responsible for producing an external audit report to review Government Auditing Standards and implement the Government Accounting Standards Board (GASB) procedures. Connor-McMillian-Mitchell-Shennum of Amarillo served as this years auditors.
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IV.b. Property Bids
Presenter:
Dr. Jud Hicks
Description:
Miguel Carias submitted an offer of $85.00 for property located at Lot Five (5) in Block Eight (8) of the Gateway Heights Addition to the City of Borger; Miguel Carias submitted an offer of $69.00 for property located at Lot Twenty-nine (29) in Block Ten (10) of the Phillips Additio to the City of Borger; John Hanen submitted an offer of $500.00 for property located at Lot Thirteen (13) in Block Seven (7) of the North Side Addition to the City of Borger; Kevin McPherson submitted an offer of $150.00 for property located at West Half (W/2) of Lot Thirty (30) in Block Ten (10) of the Rock Creek Addition to the City of Borger; Keren Sheets submitted an offer of $100.00 for property located at Lot Eight (8) in Block Seven (7) of the North Hills Subdivision of the City of Borger; and Keren Sheets submitted an offer of $250.00 for property located at Lot Twenty-Nine (29) in Block Seven (7) of the North Hills Subdivision to the City of Borger.
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IV.c. Increase Line of Credit at Amarillo National Bank - Borger Bank
Presenter:
Dr. Jud Hicks
Description:
Temporary increase in the existing line of credit at Borger Bank of $700,000.
Amarillo National Bank - Borger Bank is offering: 3.75%, temporary increase for 120 days, on the amount of $1,000,000. After the 120-day period, the LOC will revert back to the original $300,000 amount. |
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IV.d. Resignation - Dr. Jud Hicks
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V. Items of Information
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V.a. Grants Summary
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V.b. Annual Calendar for Board of Regents
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V.c. Upcoming Dates and Events
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V.d. Financial Condition Analysis of Texas Public Community College Districts
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VI. Administrative and Board Reports
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VI.a. President
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VI.b. Vice President
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VI.c. Deans
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VI.d. Board Members
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VII. Closed Session: 551.074 Personnel Matters
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VIII. Open Session
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IX. Finalists - Presidential Search
Description:
The Presidential Search Committee will present recommended finalists from the semi-finalist pool to the Board.
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X. Adjourn
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