MINUTES
Briefing
Session - Board of Trustees
In accordance with the
terms and provisions of the Texas Open Meetings Act, Chapter 551 of Texas
Government Code, the Board of Trustees of the Austin Community College District
convened in public session on Monday, September 19, 2005, at 5:04 p.m. in Room
410 of the Highland Business Center of Austin Community College located at 5930
Middle Fiskville Road, Austin, Texas, with the
following members present: Dr. Barbara P. Mink/Presiding Officer; Allen Kaplan;
Jeffrey Richard; and John Worley.
It is further found
and determined that in accordance with the policies and orders of this Board,
the notice of this meeting has been posted and return thereof made pursuant to
the terms and provisions of the Texas Open Meetings Act, Chapter 551 of the
Texas Government Code, and there has been full compliance with the terms and
provisions of said act, including the timely posting of the subjects of this
meeting.
Briefing
Topic: “Financial Primer for Trustees”
Chair Mink
introduced Mr. Ben Ferrell, Vice President for Business Services. Mr. Ferrell provided information regarding
Understanding the ACC Budget and a Bonds Overview including: Budget Revenue; State Reimbursement, Other
Funding Sources, ACC Compared to Others; Funding ACC; ACC Differs from Other
Community Colleges; ACC’s Differences; Funding Realities; Funding Issues;
Budget Development; Budget Development Process; and Reports to the Board. Mr. Ferrell responded to questions from Trustees.
Chair Mink and
Trustees expressed appreciation for the information presented by Mr. Ferrell.
Adjournment
The September 19,
2005, Board Briefing Session was adjourned at
Approved By
Jeffrey Richard,
Secretary