Several Committees of the Virginia Wesleyan College Board of Trustees Committees met recently. I write today sharing reports, discussions and actions.
The Enrollment Committee:
- Received a final Fall Semester enrollment report -- 1,442 headcount (1,306 traditional full-time, 29 full-time in the American Culture and Tourism Management Internship Program, 27 full-time in the Adult Studies Program).
- Received an overview of the Enrollment Assessment conducted by The Dysart Group of Charlotte.
- Participated in a discussion of new initiatives to grow traditional, residential, non-traditional, and high school dual credit/advanced scholars over the next three to five years.
- Received an overview of the implementation of the Enrollment Growth Plan for 2015-16, including new staffing trends, enrollment management strategy, mix matrix marketing, "front loading" financial aid, the Enrollment Matrix (financial aid leveraging), funnel management, public versus independent considerations, technology, and the new enrollment call center.
- Received the June 30, 2015 Financial Report (a preview to the final audit report).
- Received a final financial report on the $2.966 million Birdsong Field project. Construction is nearly finished. A dedication is scheduled in late October.
- Received budget projections for the current fiscal year (FY 2016). A revised budget (now that fall enrollment is final) will be submitted to the Board at the October meeting.
- Approved the due diligence report for the VWC/YMCA partnership facility with the authorization to proceed within the revenue parameters from the YMCA.
- Approved a five year exclusive beverage contract (with specific conditions and enhancements) with PepsiCo.
- Formally accepted the terms of the donation for the Greer Environmental Sciences Center and authorized the administration to negotiate (with legal counsel input) an AIA agreement.
- Received a report on early discussions regarding the development of privatized housing on 12 college-owned acres directly across Wesleyan Drive at the front of the campus.
- Received an update on plans to grow the Annual Fund and auxiliary revenues
- Reviewed and discussed The Institutional Review conducted by James V. Koch and his associates. The report will be shared with the full board at their fall meeting in October. After that I will communicate with our campus community.
Other Board Committees are scheduled to meet in the next few weeks. I will share a summary of those meetings in the near future.
