The Board of Regents convened for its second semester committee meeting Friday morning in Jody Richards Hall Regents, approving another round of staff increases, the tabling of the university’s third-quarter income and expenses and new facilities for WKU’s softball and football programs.
FINANCE AND BUDGET COMMITTEE
Susan Howard, executive vice president for strategy, operations and finance, presented to the regents on the third quarter of WKU statement of income and expenditure for the nine months ended March 31, 2022 and 2021.
According to the agenda, net tuition revenue is down from the previous year, “although additional funds have been identified to make up for the shortfall.” Total revenue is higher due to “increased state appropriations and higher education emergency relief funds received from the American Recovery Act.”
“The revenue figure for the third quarter does not include additional tuition revenue that comes in over the summer, or certain other revenue as well,” WKU President Timothy Caboni said. “While revenue is down year over year, you’re comparing third quarter revenue to total revenue.”
According to the agenda, realized revenue was 89% of budgeted revenue. Spending was only 80% of the total budgeted, down from 72% in 2021.
The Agenda indicates that federal and state student financial aid was spent at a higher level, 133% of the budgeted total, due to “direct student payments allocated from HEERF funds.” According to Howarth’s presentation, most expense categories track targets for the fiscal year.
Capital expenditures accounted for 145% of the total budgeted, compared to 86% last year. $10,562,401 of the $50,414,829 budgeted for supplies and operating expenses was spent, a decrease from 28% in 2021 to 21% in 2022.
According to Howarth’s presentation, the increase in equipment spending is due to “reimbursable COVID-related purchases that support remote learning, working, and social distancing in classrooms and labs.”
Actual utility expenditures were 59% of the total budget and actual maintenance expenditures were 104% of the budget.
Total actual expenditure was 74% of the budgeted total, up slightly from 71% in 2021.
Actual personnel expenditures in 2022 were 69% of the total budgeted at $123,483,575 of $177,982,016, down from 71% in 2021. Actual wages and salaries decreased slightly from $90,265,661 in 2021 to $88,689,433 in 2022, a difference of approximately $1.6 million.
The Regents accepted the statement for filing, then moved on to personal items. The Regents approved another wave of staff increases, including a number of major salary increases in excess of $5,000 for members of the WKU Football coaching staff.
According to the agenda, the position of WKU Football assistant coach Tyson Jacob Summers is “fully funded by the state”. His current salary is $125,000, but will increase to $200,000. Assistant head coach and special teams coordinator Andy LaRussa will get an $18,000 pay raise. Defensive line coach Kenny Baker and offensive co-coordinator Josh Crawford will see increases of nearly $25,000.
WKU athletic director Todd Stewart said the raises given to football staff were necessary to incentivize coaches to stay in the program.
“The good part of football is that we’re successful, but the reaction to that is that coaches leave for other jobs, so we tend to have a lot of turnover,” Stewart said.
Head coach Tyson Helton has managed the turnover so far by hiring “really good young people” and developing their skills so they can be promoted from within if someone leaves, Stewart said.
“The total salary spend doesn’t change, but it’s going to promote people from within and their salaries will change — in some cases dramatically, because their responsibilities change dramatically,” Stewart said.
When a new person is brought in to replace promoted staff, the pay for that vacancy often goes down, Stewart said. This helps offset the cost of promotional increases and keeps total spend about the same.
ACADEMIC AFFAIRS COMMITTEE
The Academic Affairs Committee has put forward a motion to establish a Graduate Certificate in Supply Chain Management to operate from the Gordon Ford College of Business, which would begin in the fall of 2022.
According to the agenda, there are 12 hours of lessons required to complete the certificate. These classes are BA 510: Advanced Organizational Behavior, BA 579: Supply Chain Management, BA 583: Purchasing Management, and BA 584: Supply Chain Analysis.
Implementing the certificate will not require additional resources as the required courses are already in place as part of the WKU MBA Supply Chain Concentration, which was launched in 2020.
The committee’s other motion was to request that James Gary, associate professor of engineering and applied science, be granted professor emeritus status and Ladonna Hunton, associate vice president for academic budgets and administration, be granted professor emeritus status. distinguished staff.
Regents also received notice that the Department of Information Systems will be renamed the Department of Analytics and Information Systems.
The Regents approved the construction of a new facility housing locker rooms, offices, and an indoor practice area for WKU’s softball and soccer programs.
“It becomes a permanent home for game day soccer and softball, it greatly improves their current situation,” Stewart said. WKU Soccer’s locker room is located in Houchens-Smith Stadium and WKU Softball’s current facilities are in Diddle Arena.
Stewart said the project will be auctioned shortly and construction on the project will begin this summer.
According to the agenda, the cost of this project will be paid for using a combination of WKU Athletics’ share of exit fee revenue paid by outgoing league members and funds generated by the Hilltopper Athletic Foundation.
“I appreciate Todd [Stewart] for pointing out that this is an installation not a retrofit [of our] a relatively new softball facility, but it’s new and something needed,” Caboni said. “In the month that we celebrate Title IX, that goes a long way to addressing some of the inequities we see. There is a need here on campus that we support our female athletes.
The Regents then approved the awarding of Provost Emeritus status to Cheryl Stevens. Stevens served as Acting Provost and Vice President of Academic Affairs from April 2019 until her sabbatical on July 1, 2021.
Prior to her role as acting provost, Stevens served as dean of Ogden College of Science and Engineering from January 2012 to March 2019.
STUDENT AFFAIRS COMMITTEE
Ethan Logan, vice president for enrollment and student experience, presented the regents with updated enrollment data on 2022 freshmen, showing how the university’s numbers compare to totals from 2021.
According to data presented by Logan, 7,047 freshmen were admitted to WKU in 2022, 141 more than in 2021. The number of freshmen in active TOP registration increased from 303 to 1,806 in 2022. The number of completed requests increased by 209 compared to the previous year.
The number of freshmen enrolled in Kentucky fell 287 from 2021, but the number of freshmen enrolled in border states jumped slightly from 699 to 711.
Logan then provided an update on the university’s current status against its 2022 goal for first-year freshman enrollment.
9,070 applications were submitted, just over 93% of WKU’s target of 9,726 applications, and 7,047 students were admitted, just over 89% of the target of 7,900.
The meeting ended after a performance of the musical “Little Women” by members of WKU’s theater and dance department.
The Regents will meet once again for their second quarterly meeting of the year on May 5.
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