EXECUTIVE COMMITTEE MEETING MINUTES

April 3, 2002

Present:

Dean Duggar

Dr. Bevill

Dr. Roe

Len Frey

Carleen Marburger

Dr. Seydel

Dr. Washam

Mark Young

Others:

Chris Collins

Absent:

Dr. Roach

Dean Duggar called the meeting to order at 2:15 p.m.

PLANNED BUDGET REDUCTIONS FOR 2002-2003
Dean Duggar discussed the budget reductions for 2002-2003 with the committee. We were allocated $218,000, cut $54,000. Dr. McDaniel is anticipating releasing some of the monies back to us beginning January 1, 2003. Need to let him know if there are any problems going into the new year. Joe Horsley has indicated that he would share some of their monies and Dean Duggar indicated that he would share some of the Banking Chair money if push came to shove.

All salaries have been frozen, but those that are in for promotion will get promoted and the raise.

Dean Duggar commented on the March, State of Arkansas revenue forecast. That it is running a little lower, some due to the filing date and speed of refunds. Under corporate collections they are down 24% than what they predicted.

MERIT DOCUMENT REVISION FEEDBACK
Dr. Roe passed this document out at the last meeting and asked if there was any feedback on this. Dr. Roe would like to finalize this next week in order to get it out to the faculty.

Executive Committee Meeting

April 3, 2002

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OTHER

Treasury Management Seminar
The Treasury Management Seminar will be held April 12, 2002 at the Reng Center. There are 44 participants signed up for the seminar.

COB Honors Banquet
The College of Business Honors Banquet will be held on April 15, 2002 at the Reng Center Ballroom at 6:30 p.m. Two distinguished alumni will be recognized, Ken Copeland from Hytrol and Ron Jackson from Simmons First Bank of Russellville.

Community College
Dr. Bevill discussed the meeting with the community colleges which will be held on April 11th. Registration will begin at 8:30 and the panel discussion will start at 9:30. Dean Duggar will do a little overview of the college.

Business Connection
Carleen stated that the deadline is this Friday for any articles. International Business is the theme for this issue. Maybe will use Ricardo Castillo for international student article.

International Business Center Grant
Dean Duggar announced that we did not get the International Business Center grant. Will know the reason we didn’t get the grant when we get the letter.

International Alumns
Dean Duggar met with the Alumni office on getting in touch with International alumns. We want to see if we can network with them and get some e-mail response from them. Dean Duggar stated that he should have the list next week.

Capital Campaign
Dean Duggar commented on the capital campaign. Moving ahead with the printed documents for the Capital Campaign and do have a schedule:

April – finish publications

May – luncheon kickoff with the leadership team

Summer - Start with sector groups

Fall - meet with the regional sectors

Set up meeting with Walton Family Foundation

Kresge Foundation – try to meet with them regarding the building.

Trying to get someone full-time by July 1. We will go back to the Reynolds Foundation in August 2004.

Executive Committee Meeting

April 3, 2002

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Delta Center for Economic Development
Mark Young reported that they applied for a grant through Enterprise and did not get it. They were notified on Monday. They are to get feedback on this as well. The Truck Mall project should be complete by the end of June and the Netmobile should be completed by the end of May.

Student Service Center

Dr. Bevill - Natasha spoke to John’s department on New Gen Ed and COB core. May 28th is the first day that new students will be on campus.

Economics & Decision Sciences Department
Dr. Seydel stated that he has a bunch of new computers that have arrived. The lowest priority is setting these computers up and highest priority is putting out fires and second priority is getting the infrastructure items. Office XP will be set up on computers in computer lab. Open position – no one hired yet. Negotiating with Aaron Brown to be a temporary faculty member in the Fall.

Accounting, Finance & Law Department
Dr. Washam stated that Louella Moore sent draft copy of proposal in Masters in Accountancy. Tying a Corporate Finance Major with a CFA program.

Management/Marketing Department
Dr. Frey commented that position in his department has not been offered to anyone as yet.

Golf Outing
The Golf Outing is Friday, April 26th

Meeting adjourned at 2:40 p.m.

Submitted by:

Chris Collins