MINUTES OF THE BOARD OF GOVERNORS’
FINANCE AND FACILITIES COMMITTEE
MISSOURI STATE UNIVERSITY
THURSDAY, DECEMBER 13, 2018, 10:39 A.M.
PSU BALLROOM EAST, 3rd FLOOR
Present - Mr. Craig Frazier, Committee Chair
Ms. Amelia Counts, Committee Member
Ms. Beverly Miller, Committee Member
Mr. William Miller, Committee Member
Mr. Kendall Seal, Committee Member
Ms. Carol Silvey, Committee Member
Mr. Gregory Spears, Committee Member
Ms. Carrie Tergin, Committee Member
Absent - Mr. Gabriel Gore, Committee Member
Also Present - Mr. Clifton M. Smart III, President of the University
Mr. Michel Bampoe, Assistant Director of Human Resources-Benefits
Ms. Denise Baumann, Associate Director, Residence Life, Housing and Dining Services
Ms. Donna Christian, Director of Internal Audit and Risk Management
Mr. Chris Collier, Managing Director, Hilltop Securities Inc.
Ms. Jennifer Cox, Assistant to the Vice President, Administrative Services
Dr. Chris Craig, Deputy Provost, Provost Office
Mr. Ryan DeBoef, Chief of Staff and Assistant to the President for Governmental
Relations
Ms. Rachael Dockery, General Counsel and Chief Compliance Officer
Mr. Brent Dunn, Vice President for University Advancement
Ms. Tammy Few, Director of Human Resources
Ms. Reagan Holliday, Managing Director, Hilltop Securities Inc.
Dr. Robert Hornberger, Assistant Vice President, Enrollment Management and Services
Dr. David Hough, Dean, College of Education
Mr. Allen Kunkel, Associate Vice President, Research and Economic Development
Dr. Dennis Lancaster, Dean of Academic Affairs, West Plains Campus
Dr. Thomas Lane, Associate Vice President for Student Life and Dean of Students
Dr. Shirley Lawler, Chancellor, West Plains Campus
Mr. Jeff Mitchell, Associate General Counsel, Legal Affairs and Compliance
Ms. Shirley Mitchell, Senior Accountant-Analyst, Provost Office
Mr. Matt Morris, Vice President for Administrative Services
Mr. Jeff Morrissey, Chief Information Officer
Ms. Andrea Mostyn, Director of University Communications
Mr. Tom Peters, Dean, Library
Mr. Wes Pratt, Chief Diversity Officer and Vice President for Diversity and Inclusion
Mr. Greg Rainwater, Budget and Financial Manager, Provost Office
Dr. Helen Reid, Dean, McQueary College of Health and Human Services
Mr. Scott Schneider, Director of Business and Support Services, West Plains Campus
Ms. Jennifer Severson, Director of Accounting and Budgeting, Financial Services
Ms. Suzanne Shaw, Vice President for Marketing and Communications
Dr. Dee Siscoe, Vice President for Student Affairs
Mr. Mark Wheeler, University Architect and Director of Planning, Design and Construction
Mr. Rick Wright, Bond Counsel, Gilmore & Bell
Ms. Kristan Gochenauer, Secretary of the Board of Governors
1. Roll Call – Mr. Craig Frazier, Committee Chair, called the Finance and Facilities
Committee meeting to order at 10:39 a.m. on Thursday, December 13, 2018, on the Missouri
State University campus.
2. Approval of Minutes – Mr. Frazier mentioned that the first item of business was the approval of the minutes from the October 19, 2018 meeting. Ms. Amelia Counts made a motion, seconded by Mr. Gregory Spears.
Motion passed unanimously.
3. Review Education Facilities Revenue Bond Resolution – Mr. Rick Wright, Bond Counsel with Gilmore & Bell, reviewed the education facilities revenue bond resolution. The bond, through Capitol One, is for the purchase of three buildings for $15,730,000 at a fixed interest rate of 3.53% for 15 years; final maturity of October 1, 2033.
4. Review of Human Resources Agenda Items – Mr. Matt Morris, Vice President for Administrative Services, reviewed the approval of amendment #1 for medical/dental third-party administrative services agreement (Med-Pay, Inc.). The amended resolution will extend the contract for five years while locking rates at the 2013 level. He then reviewed the approval of amendment #4 to self-insured PPO network access agreement (Mercy Health Springfield Communities). The amended resolution will extend the contract for five years and provide additional savings. Mr. Morris commended the committee for their work on both resolutions.
5. Facilities Update – Mr. Morris recognized the Planning, Design and Construction team for their outstanding work. They were recently awarded the Developer of the Year Award, which they have won the last two out of five years while working on 86 construction projects at a cost of over $85 million. Mr. Mark Wheeler, University Architect and Director of Planning, Design and Construction, gave an overview of projects that led to winning this award to include Ellis Hall, Glass, Hill Hall, Magers Health and Wellness Center, the Plaster Center renovations and Woods House. He also noted upcoming projects to include the Greenwood Multipurpose addition, McQueary Hall classroom addition, Bull Shoals Field Station, Meyer Library Center for Academic Success, Woods House Phase II and the developer led building of the new residence hall. Mr. Morris noted that the Board should expect to see resolutions for these projects in the future.
Mr. Morris then reviewed the approval of bids and award of a contract for renovations of rooms 105 and 126 in Kemper Hall as well as the approval of bids and award of a contract for the greenhouse addition in Temple Hall.
6. Year to Date Review – Ms. Jennifer Severson, Director of Accounting and Budgeting, reviewed the year to date financials through October 2018. She noted that FY2019 expenditures are tracking slightly below 33% of budget. But stated overall the budget is tracking well with a strong financial position.
7. Foundation Review – Mr. Brent Dunn, Vice President for University Advancement, reviewed gifts through November 2018. Annual gifts are down just slightly, but the number received is up. He noted that there are a number of large gifts expected in the next month.
8. IDEA Commons Update – Mr. Matt Morris gave a quick update on the Brick City purchase noting that the bond closing is scheduled for January 23, 2019.
Mr. Allen Kunkel, Associate Vice President for Research and Economic Development, gave an overview and update on the IDEA Commons project. Recent meetings were held with corporate affiliates and developers in St. Louis and Kansas City, new partnerships are being looked at and we continue to wait to hear about the new market credits. Mr. Kunkel also shared that they are currently working on an expansion of the eFactory with the Economic Development Administration.
Ms. Rachael Dockery, General Counsel and Chief Compliance Officer, reviewed the land purchase options at 405 N. Campbell and 425 W. Mill Street, Springfield, Missouri. The Missouri State University Development Corporation will meet following this meeting to approve purchase of these properties. This will allow the University to make third-party sales in the future. The Board stated that they are comfortable with these purchases through the Missouri State University Development Corporation.
9. Adjournment – Mr. Frazier adjourned the Finance and Facilities Committee meeting at 11:45 a.m. on the motion of Mr. Spears, the second of Ms. Carol Silvey, and the unanimous approval of the committee.
Kristan Gochenauer
Secretary to the Board