MINUTES
Special Meeting
– Board of Trustees
August 23,
2007
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 Thursday, August 23, 2007, at 11:49 a.m.in the Board Room
(201) of the Highland Business Center of Austin Community College located at
5930 Middle Fiskville Road, Austin, Texas, with the following members present:
Mr. John Hernandez, Chair/Presiding Officer; Ms. Nan McRaven, Vice Chair; Mr.
Allen H. Kaplan; Dr. Barbara P. Mink; Mr. Rafael Quintanilla; Mr. Jeffrey
Richard; and Ms. Veronica Rivera.
Trustees James W. McGuffee and Lillian J. Davis; were absent from the
hearing/meeting.
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.
Agenda Item
8367
Board Policy
G-4, Capitalization and Depreciation
Board Chair John Hernandez introduced the item and Mr.
Ben Ferrell, Vice President for Business Services, provided information
concerning the proposed revisions to Board Policy G-4, Capitalization and
Depreciation.
Trustees
Jeffrey Richard moved and Allen Kaplan seconded that:
MOTION: The Board of Trustees approve revisions to
Board Policy G-4, Capitalization and Depreciation, that would add a value
statement; eliminate the requirement to depreciate facilities by components;
and increase the capitalization threshold from $500 to $5,000.
VOTE: The motion passed on a unanimous vote of 7-0.
FOR: John Hernandez, Allen H. Kaplan,
AGAINST: None.
ABSENT: Lillian J. Davis, James W. McGuffee.
* * * * * * * * * *
G-4.
CAPITALIZATION AND DEPRECIATION
Value Statement
·
The
College will ensure accountability and stewardship over its investment in
capital assets.
Capitalization and depreciation practices shall comply with generally accepted accounting practices, and shall provide information about the useful lives of physical assets for use in financial planning. Appropriate bond financing shall be used to approximately match depreciation to reinvestment.
All
assets with useful lives of more than one year and cost more than $5000 or more shall be
capitalized. Assets shall be depreciated
over their estimated useful lives using the straight-line method. Facilities shall be depreciated based on
industry-recognized major categories of building components, rather than by the
facility as a whole. Facilities shall
be depreciated based on industry recognized major categories of building
components, rather than by the facility as a whole.
* * * * * * * * * *
Agenda Item 8368
Resolution in Response to Governor’s
Veto
Chair Hernandez introduced the item and Ms. Linda
Young, Special Assistant to the President for Governmental and Community
Relations, provided information concerning a proposed resolution in response to
the Governor’s veto of portions of the Appropriations Legislation passed by the
80th Texas Legislature. Two
drafts were distributed for the Board’s review
Trustees discussed the proposed resolution.
Trustees
Barbara Mink moved and Veronica Rivera seconded that
MOTION: The Board of Trustees adopt a Resolution in
response to the Governor’s veto actions of portions of the Appropriations
Legislation passed by the 80th
VOTE: The motion passed on a unanimous vote of 7-0.
FOR: John Hernandez, Allen H. Kaplan,
AGAINST: None.
ABSENT: Lillian J. Davis, James W. McGuffee.
Trustees
Barbara Mink moved and Veronica Rivera seconded that:
MOTION: The Board of Trustees adopt Draft #2 with
changes including a sentence regarding achieving the Closing the Gaps access; information on social equity and economic
development; and “full and equal” partners.
Trustee
Jeffrey Richard requested Friendly Amendments.
FRIENDLY
AMENDMENTS: Page 2, line 5, second
paragraph: add “and finally”; begin
third paragraph with “The”; and line 8, “two- and four-“ year.
Trustees
Mink and Rivera accepted the Friendly Amendments.
VOTE: The motion passed on a unanimous vote of 7-0.
FOR: John Hernandez, Allen H. Kaplan,
AGAINST: None.
ABSENT: Lillian J. Davis, James W. McGuffee.
1st
Public Hearing on 2007 Tax Rate for Austin Community College District
Mr. John
Hernandez, Board Chair, opened the 1st Public Hearing on the 2007
(FY08) Tax Rate for the Austin Community College District at
Trustee Nan
McRaven announced that the Board of Trustees for the Austin Community College
District would hold a second Public Hearing on the 2007 Tax Rate for the Austin
Community College District on Tuesday, September 4, 2007, at 6:00 p.m., and the
Board of Trustees was scheduled to vote on the tax rate at a public meeting to
be held at 11:45 a.m. on
Mr. Hernandez
stated that no one had registered to speak at the Public Hearing.
Trustees
MOTION: The Board of
Trustees close the Public Hearing.
VOTE: The motion passed on a unanimous vote of 7-0.
FOR: John Hernandez, Allen H. Kaplan,
AGAINST: None.
ABSENT: Lillian J. Davis, James W. McGuffee.
The Public
Hearing was closed at
Adjournment
Having
no motion before the Board, the
Approved By
James
W. McGuffee, Board Secretary