Minutes of HCSC Meeting: October 3, 2005

Present: Frank Werdann (presiding), Rick Accordino, Donna Avery, Bill Beyer, Stephanie Brunetta, Shannon Forbes, Gladys Freeland, Shirley Georgia, Connie Losie, Ellen Miller, E., Richard Miller, and Bill Wood

1.  The meeting was called to order at 9:10 a.m.

2.  The minutes of June 6, 2005 were reviewed.  A motion was made, seconded and approved unanimously to accept them as previously distributed.

The minutes of September 12, 2005 were discussed.  A decision was made to strike the last sentence of the second paragraph of # 10—There are two versions… A motion was made, seconded and passed unanimously to accept the minutes incorporating this change.

3.  President Miller inquired about future agenda items and was told that we've been going meeting to meeting. 

He distributed hard copies of a document that is a compilation of letters that he sends to his direct reports listing their goals and agenda items for the academic year.  It also includes his personal goals and agenda items, as received from Robert Hanft, Chair of the Board of Trustees.  They provide a basis for assessment and review at the end of the year.

The President presented a visual demonstration of his management approach, which is to keep everyone in alignment, working together to move ahead.  He stated his availability, if there is anything that comes up that Council would like to discuss with him or that needs his support.  The President exited the meeting.

4.  Bill Wood, Vice President for Finance and Chief Financial Officer, provided a financial overview and discussed enrollment figures.  Even though the freshmen class came in quite a bit under projection, because of the lower discount rate for continuing students and increased retention, the College is about where we thought we would be financially.  The endowment is currently at approximately 57 million and we continue to be heavily dependent upon tuition income.

He noted that the College has three assets; endowment, physical facilities and people.  Although he emphasized that financial decisions, including salary increments, is ultimately a Trustee's decision, that it is a high priority for the President and the administration.  Specifics regarding salary increments for this academic year will be announced at the conclusion of the fall Board meetings.

5.  The meeting was adjourned at 10:25 a.m.

Respectfully submitted,

Donna Avery