[Speaker 1] (0:00 - 1:22)
and Fontenot are absent and so we'll begin with our invocation and pledge the United States flag and pledge the Texas flag. Regent Judy Geralds will lead us. All right, thank you Regent Geralds.

We'll move on to student spotlight. We have an honors program trip.

[Speaker 7] (1:22 - 1:27)
We do and I'd like to invite Dr. Janina Norris to introduce our speakers.

[Speaker 15] (1:31 - 1:41)
Good evening. At this time I'd like to ask Brianne Daly to come up. She is our honors program coordinator and she has a couple of students here tonight to spotlight our honors program.

[Speaker 5] (1:45 - 3:33)
Yeah, I'm Brianne Daly. I'm the honors program coordinator and we're here to just again spotlight the honors program but specifically this trip to Boston that we took back in May of this year and I've got Brenda and Shona with me who are honor students. They're gonna do the majority of the of the presenting tonight but I'm just here to give you just a little bit of background, right?

So this trip was part of kind of an ongoing series of educational travel experiences we've done in the honors program. We've previously taken students to Philadelphia and to Washington DC and this year we took students to Boston. So these trips we've done as a partnership between the honors program and our social and behavioral sciences division, especially our faculty who teach our honors history and government courses.

And because these are two of our most enrolled in consistently courses. So as you can see up here like I just highlighted the things that kind of define honors education or pedagogy and this course dovetails with several of those, right? Gives them interdisciplinary experiences, experiential learning, an opportunity to feel like they're part of a cohort or a learning community and we fully fund these trips for the students that are involved.

So none of the students that went on the trip, you know, they paid a small deposit to hold their spot as a commitment and then we gave the money back to them at the start of the trip. So that's that's been part of our kind of commitment in planning these trips as well as to be able to provide them with this opportunity. So I'm gonna turn the time now over to Brenda and Shona who'll tell you a little bit more about their actual experience on the trip.

[Speaker 9] (3:39 - 6:05)
Good afternoon. My name is Brenda. I am an associates of science major.

I just completed my first year here at Lee College. Now I will be transferring to the University of Houston to pursue exercise science, I'd say pre-medicine major. Though to highlight the trip, we went to a lot of places.

A place that I found was the Boston Public Library. I found it on TikTok but it was amazing. It was it's a really big, beautiful, historic library.

It had it it had the stuff like original nothing was new. It was really really nice and there was actually people in there studying and taking pictures. This top picture is me and my friends at the library.

That's like like the center of the library. They had like a fountain. It was very very beautiful.

Another place we saw we traveled was the Freedom Trail and the Freedom Trail is very historic. It goes through all of Boston and it shows you all of the historic sites. It began in the Boston Common which if you know is the one of the first public park in the United States.

That park was beautiful. That park is gonna be the picture on the left and our tour guide they were dressed as colonial men and they were speaking like that and they were telling us fun facts and it really felt like you know you were there and going through the motion. An academic takeaway that I would take is I I'm enrolled I was enrolled in honors history 1302 and in that class we're learning about a lot about the immigration and how Boston was a big place where a lot of immigrants were coming from.

Mainly Irish and Italian immigrants and in Boston we were staying just a couple miles north of us was called the north end of Boston which is also known as Little Illity. And when we went there it felt like you were in a completely different place. It really felt different.

You couldn't even see the buildings from Boston. It was all tiny buildings, small roads. It really felt different and like you were out of the city.

My reflection is I loved this trip in many ways because it brought topics from the classroom to life and it also had a lot of personal growth for me. I learned to navigate a new city while making friends along the way. Seeing the Boston Tea Party ship helped me visualize what happened and maybe and this is what made me apply to the honors program at the University of Houston as well.

And now Shona.

[Speaker 6] (6:08 - 8:42)
Hi everyone my name is Shona Bomic and I'm a dual credit student. I study at Impact Early College High School and this is my third year at the honors program and this year will also be my fourth year at Lee College. I want to first thank the honors program for allowing me to go on this trip.

It was very eye-opening and I have a couple takeaways for it. First of all my favorite favorite most favorite part of it was the Boston Fine Arts Museum. I have always loved art since I was young and seeing so many original pieces in this beautiful museum.

It wasn't just the art pieces, it was the museum itself that was encased in historical culture and it was just a whole experience that I loved. There was a each section of the museum was dedicated to each specific era so I would say like Japanese artworks they had a whole temple area where you could sit and pray with like these huge statues next to you or even the Renaissance era with these humongous paintings. It was a whole experience.

Another takeaway is mainly the difference between Baytown and Boston. As you know, I'm sure you've seen, Baytown and Boston, very stark contrast. In a city here in Baytown where it took me 20 minutes to get here, it would take an hour over at Boston.

You don't see many people walking the streets, the sidewalks aren't always there. Whenever I stepped out the hotel, in two feet you could find a place to eat, you could find a park, you could find a shop of some sorts, you could find so many hole-in-the-wall restaurants. Brenda mentioned Little Italy, that was another great experience.

Just so many little things that you wouldn't have that experience here. So that goes on to, again, my big experience, my big takeaway is I'm glad that I had this. It was my first time that I've ever traveled independently without my parents and it was a fun time for me.

I got to have a bit of freedom because my parents are a bit overbearing. I got to explore places that I usually wouldn't get to really explore what I liked and what I didn't like. Just, again, the exploring part, the freedom is something you don't usually get here in Baytown.

I don't really want to diss wherever you're from, but, you know. Anyways, I want to thank the Honors Council, or the Honors Program for giving me such an opportunity to do this and have this experience and it's really ingrained in my mind. So, yeah, thank you.

[Speaker 5] (8:48 - 8:55)
So that's all we have for you. I mean, I'm happy or they're happy to answer any questions. If you had any questions you'd like us to answer.

[Speaker 13] (8:56 - 9:03)
How were the students selected out of the Honors Program to get to attend? And tell Brenda, go Cougs, welcome to the Cougar family.

[Speaker 5] (9:03 - 10:10)
Yeah, that's a great question. So we do have a, we have an application process. So the, you know, it asks them, you know, what honors classes they've taken, you know, how long they've been participating in the program.

If they've had the opportunity to travel with us before and what, you know, particularly interests them about the trip. Myself and, again, our honors history and government faculty reviewed those applications and selected students for the trip. We do like to have it.

We like to have the students feel they're selected for the thing. Right. And, you know, and that they understand, you know, that that there's a there's a privilege and a responsibility associated with it.

So, yeah, there's a small application process. And we did. We ended up selecting, you know, 10 out of, I think, closer to 20 applicants that we had for the trip.

The students, we ended up only taking nine students. One student sort of was unable to attend at the very, very last minute. But that's, that's, yeah.

[Speaker 1] (10:13 - 10:13)
Other questions?

[Speaker 8] (10:14 - 10:18)
Yes, I have one. So you said the students don't have to pay except for that deposit that you would fund.

[Speaker 5] (10:19 - 10:19)
Correct.

[Speaker 8] (10:19 - 10:21)
So is Lee College footing that bill? Do y'all do some fundraising?

[Speaker 5] (10:21 - 10:56)
Yes. So. So this was money that was designated into a travel account.

So it partially used that money that was set aside in social and behavioral sciences for the purposes of this trip. And then it was additionally some student travel money allotted to honors. So, again, between these two funds, that's how we paid for the trip.

Right. So the students were responsible for a portion of their their food and obviously any spending money that they did. But again, that deposit was returned to them with the intention that that would help cover some of those things beginning of the trip.

[Speaker 8] (10:57 - 10:57)
Thank you.

[Speaker 7] (10:59 - 11:12)
I had one question. Doesn't appear that you guys came back with any sort of Boston accent. But did you did you hear the Boston accent much around you?

And were you able to interpret it?

[Speaker 6] (11:12 - 11:42)
I have a comment about that. In Texas, you usually hear that country accent. Right.

And I've lived in Arkansas for most of my life and then Texas. So I've mainly heard that like southern country accent. And whenever I went to Boston, that thick accent kind of hit me in the face because I'd be walking like there's this little park area.

We walk into the park and this kid, this guy with his kid was speaking the thickest. I couldn't understand him for the life of me.

[Speaker 7] (11:43 - 11:46)
Talking about like Harvard and parking in a garage.

[Speaker 6] (11:47 - 12:14)
Yeah. And that Boston's wicked smart and all of that. So it was just really interesting to see like an accent I've only seen portrayed in like the New York accent or on TikToks and stuff really like that you would think is like overdone.

It's real and it caused me like it was a very eye opening moment for me because like sometimes movies and stuff, they overdo it for the experience. But no, that is the experience. And that's just my comment about that.

[Speaker 1] (12:15 - 12:33)
Well, you know, they say the same thing about us. Right. Any other comments or questions?

Thank you very much. There is a little difference between Boston and Baytown. Boston is a very interesting city, very old city.

And if you get a chance to go, it's definitely worth the visit. So thank you for that.

[Speaker 7] (12:33 - 12:35)
Thank you so much for having us. Yeah.

[Speaker 1] (12:35 - 12:36)
Thank you.

[Speaker 7] (12:36 - 12:40)
We have a certificate or. Yep. Yes.

[Speaker 1] (12:49 - 14:32)
All right. Moving on. The next agenda item is disposition of minutes.

We have before us the special board meeting and tour June 5th, 2025. Building committee meeting June 18th, 2025. Special board meeting June 18th, 2025.

Special board meeting and tour June 25th, 2025. And board meeting on June 25th, 2025. Much pleasure.

And a motion from Regent Cotton, second from Regent Warford. Any comments, questions, discussion, corrections? Hearing none, all in favor say aye.

Aye. Opposed, no. Minutes as presented have been approved.

We'll move to reports. I'm going to move into the building committee report.

[Speaker 8] (14:33 - 16:37)
So Chairman Fontenot, the building committee met on July 16th of this month. The condition of each campus facility is taking place to include cost deferred maintenance costs and estimated costs for replacement. The original schedule to complete the master plan was supposed to be November 20th.

However, the hope now is for completion prior to the end of the calendar year. The tour of the South Central Plant, Transportation and Physical Plant was postponed and rescheduled to August 20th. The committee reviewed the status of life safety programs and projects including fire sprinkler systems, fire alarm systems, security glass film, and DNA door security as well as miscellaneous ADA Phase 2 repairs including plumbing, locksmith work, and ramp repairs.

The assessment and lighting repairs for building exteriors and parking lots are expected to cost about $254,000. Also discussed was a security project to install license plate readers at parking lot entrances. A new proposed project involves rehabilitation and repairs of fire hydrants and associated water lines for an estimated $75,000.

Upon completion of all ADA Phase 2 and life safety projects identified for this time, about $1 million will be available of the $4 million approved by the board. Currently, consideration is being given to enhancing surveillance cameras and technology across the campus. Renovation project to move cosmetology to West Texas Avenue is about 70% complete and is expected to be completed by the beginning of school.

We will need maintenance and repair projects being completed for fiscal year 25 and those anticipated for FY26. Some FY25 projects are being moved to the coming year. Discussion ensued about generators currently in service and other purposes and locations for which we might need generators and might need to add them.

Committee requested development of a map and maintenance schedule for fire hydrants and associated water lines and ask for information about the age and technology level of the current camera surveillance system across campus.

[Speaker 1] (16:39 - 16:51)
I report. Regent Warford, any questions on the Building Committee report? Thank you very much.

We'll move to Policy Committee. Committee Chair Hall is not here. Would either of you like to, did you all meet?

[Speaker 4] (16:52 - 16:53)
I'm not.

[Speaker 1] (16:54 - 17:11)
Looking for someone. Didn't meet? Okay.

Looking for anyone who might want to own up to being on the Policy Committee. No meeting. Didn't meet.

All right. Thank you very much. We'll move on to Audit and Investment Committee report.

[Speaker 10] (17:12 - 18:18)
We actually did meet on Monday and I think much to the delight of everybody there, we finished in record time of 45 minutes rather than two hours. So that was a positive thing. We went over the quarterly report and I'm not going to go over it because every Regent got a copy of that.

So it was sent to you all so you all can look through that. But everything looks good. We got the findings of the community workforce, community development audit.

Everything was pretty good. No major findings. And then we went over our 2025 plan status and completed audits.

We've completed audit infrastructure, management request one, purchasing and cash checks, financial aid, human resources, information technology, and workforce. They've added Institute of Internal Cyber Security topical requirement. I don't understand all that stuff but I guess I will one day.

And we will meet in September. So the committee will be, will get what is the best time to meet for that. Everything looks good.

[Speaker 1] (18:20 - 18:27)
Farrell, any questions on the report? We'll move on to report of the president. Dr. Villanueva.

[Speaker 7] (18:27 - 18:58)
Yes, thank you Mr. Chairman. First I'd like to begin by recognizing and welcoming Farrell Prestidge who is our interim vice president of information technology and our chief information officer. Would you please stand?

Farrell comes to us from Houston City College now Farrell, do you want to share anything else about your background?

[Speaker 1] (18:59 - 19:01)
Would you come up to the podium please?

[Speaker 7] (19:04 - 19:07)
Sorry to put you on the spot but I think you're used to that at this point.

[Speaker 11] (19:12 - 20:53)
Hello and thank you for an opportunity to introduce myself. My name is Farrell Prestidge and I'm the new CIO and vice president for information technology here at Lee College. I'm so happy to be here and happy to work with colleagues that are here.

And I previously for the past 22, 23 years worked for Houston Community College in a number of varying capacities in the IT department. The last six of which, six almost seven I guess, I was chief information officer there at Houston Community College. Prior to that in a number of different roles and leadership roles in IT.

I spent 20 years prior in a number of corporate jobs in corporate America in information technology most of which were oil and gas related and NASA and some banking and financial institutions some of the larger ones. And just happy to be here. I love the environment already.

I was in retirement for all of I think four months. So I went from retirement to rehirement in a pretty quick time frame there. So happy to be here and if there are any questions that you all have for me at this point with regard to my career and how I kind of got here I'd be more than happy to share.

But thank you. All right, thank you very much.

[Speaker 7] (20:54 - 23:17)
Thank you Farrell. I would just add for the board you might be very interested in hearing a story about Farrell's work experience with Enron towards their end. Well, privately, privately.

Very interesting, thank you. Second I wanted to acknowledge the deep loss that we have from Judy Wheat's death. And I think all of us who knew her knew how tremendously special she was, how giving she was to the college.

And she touched all of us and made all of us feel special. So I just want to acknowledge her loss and know that we'll continue to do the great work that she did with the college and continue to honor her legacy. We're all hurt by it, but I just wanted to acknowledge that.

Third I wanted to talk really briefly about our TRIO program, which as you know is a federal program that we were worried about that would be potentially cut. And we found out just recently and it's designed to support students who are first generation, first in college students and other represented students to provide wraparound support services. And we learned maybe two weeks ago that we have been assured of the continued programming for the next year and that's around $500,000.

So we're very pleased to have that news. And finally, I want to thank Regents Pam Warford, Daryl Fontenot and Mark Himsel who recently attended our SACS advisory visit with our SACS VP, Dr. Jeffrey Klein. And it was wonderful to have that support from our board members.

And he actually commented on the fact that three of our board members were here and said it was very impressive compared to other college visits that he's had. So thank you so very much for attending. That concludes my report, Mr. Chairman.

[Speaker 1] (23:17 - 23:30)
Thank you, Dr. Villanueva. Any questions for Dr. Villanueva? All right, we'll move on to informational reports.

We have SACS COC advisory visit. Dr. Walsherts is coming up.

[Speaker 2] (23:36 - 38:00)
Okay, let's see if I can get my PowerPoint. All right, so I am going to provide a brief look at the work that we have done on our SACS reaffirmation because we are getting to the point where we're about to hit the climactic on-site visit. So my name is Douglas Walsherts.

I serve as the provost. Thank you for having me. And it's great to be talking to you.

I'm going to start just with the bottom line. The bottom line is we're in good shape. We just had our advisory visit, as you mentioned.

And our visitor, Jeffrey Klein, had really done his homework, had read all of our materials, came with lots of notes and feedback. But ultimately, I think he agreed that we've been doing the work that we're supposed to be doing. And although he gave us a lot more to do, I think he feels like we're in good shape as well.

So let me begin just with some background information about accreditation in general. Accreditation is voluntary. Of course, if you're not accredited, then your students can't get Pell Grants or federal financial aid.

So it does feel like it is a necessity. But strictly speaking, accreditation is voluntary. Accrediting agencies are not government agencies.

They are voluntary associations. And the standards that we have to comply with are established by the members of the accrediting agency. And they do have to comply with federal requirements, but we create the standards that we are judged by.

Accreditation happens once. For us, it was in 1948. And then reaffirmation happens every 10 years.

And so we are up for reaffirmation of our accreditation. And finally, the people who come to review the college and whether we are in compliance with all our standards and the review of all our documentation, those are volunteers from other colleges. Reaffirmation truly is a peer review process.

So it is our colleagues at other member institutions who are going to come and visit us. Let me talk a little bit about the process, which for us began in December of 2023 at the annual meeting of SACS, where we did our orientation session for colleges who were preparing for their reaffirmation. And after that kickoff meeting, we spent the next 14 months writing our compliance report.

SACS has about 73 standards. And for each standard, we have to write a narrative explaining how we comply with the standard and providing lots and lots of evidence, because SACS, they like the words, but they only believe them when they've got the documentation to go with them. And I thought I would show you one of the standards so that you could get a sense of what they look like.

So here is standard 12.1, which says that we provide, let me blow it up, appropriate academic and student support programs, services, and activities. And we believe that we do. But we have to show them all, right?

We start with our mission, and then we talk about our non-academic support systems, advising and transfer, the education center, the McNair Center, new student orientation, admission and records. So we're listing all of our services with descriptions of them. And then we get to our academic support services.

I'm just going to keep on going. We've got distance learning. We've got TRIO that we just talked about, the library, the math lab, the writing center, the learning hub, right?

These are all of the services that we provide. And then down at the bottom, this is a list of all the evidence that we provide supporting all of our claims. So we have lots of printouts showing how we advertise our services, lists of students who have taken advantage of those services.

So that's what a standard looks like. We have 73 of them. So the compliance report, as I said, occupied about 15 months of our lives.

And after it was submitted at the end of February, it went to the off-site review team. And this is a team of volunteers from other colleges that read through all of our standards to determine whether we were, in fact, in compliance. And they wrote a lengthy report identifying the areas where they thought they needed more evidence.

And so we got our report from them at the end of May. And starting in June, we began preparing our focused report, which is the response to the off-site review. And it's during this time that our SACS representative, Jeffrey Klein, came to visit us, talking about the things that were noted by the off-site review team and giving us recommendations for how best to address those issues.

And we will be submitting our focused report at the end of August in about four weeks. Once we submit the focused report, we are then geared up for the on-site report, which will be happening October 6th to the 9th. In the on-site visit, we will have 10 visitors, who, again, are our peers, plus our SACS representative, making a total of 11.

They will spend the first day looking at our sites that are not the main campus, looking at our other teaching sites. They will be looking at some of the sites up in Huntsville, as well as a couple of our high schools and the McNair Center. Then on Tuesday and Wednesday, they'll be visiting with various stakeholders on the main campus, including the Board of Regents.

And then on Thursday, they give their readout, and they all fly back home. So that's the on-site report. After the on-site report, we have five months to prepare our response to any of the concerns of the on-site team.

And after we've submitted our response, the board meets in June of 2026 to render their final decision on our reaffirmation. So it's a process. And as we've been going through this process, there has been a second process happening at the same time, which is the process for the approval of our prison education program.

And so this has been happening during the same time period, and it also involves SACS. So as you know, students in our prison education program became eligible for Pell Grants in 2016 under the Second Chance Pell Experiment. It was an experiment, meaning it was temporary.

And that experiment expired in June of 2023. Before it expired, Congress looked at the results of the experiment and decided that it was a successful experiment. And so they authorized a permanent Pell Grant program for students, which is now officially called the Prison Education Program, or the PEP.

They also authorized another experiment for three years to provide a transition from the temporary Second Chance Pell into the permanent PEP. And that is the process we've been following. You can see in late 2023 and 2024, we sent our application to the Texas Department of Criminal Justice, which they reviewed and gave us approval.

And then in the middle of 2024, we submitted our substantive change to SACS. And after about a month and a half, we got approval from SACS. And then we took both of those approvals, the Texas Department of Criminal Justice approval and the SACS approval, and we sent them to the Department of Education with our application.

And it took them five months to review it. But in February of 2025, they gave us approval, which was not the end. Because part of the approval is that you have to have an on-site visit.

And SACS will not do an on-site visit without a compliance report. But this one's specifically focused on the Prison Education Program. And so for the last five months, we've been writing a compliance report just for Huntsville.

And the on-site visit is in October. So when the 10 visitors arrive in October, it's actually two teams. One team is for the reaffirmation of our accreditation.

The other team is for the approval of our Prison Education Program. They are coming at the same time. A lot of their work overlaps.

And it's nice for us not to have to have two separate visits. But that on-site visit is a double visit. And after the on-site visit, we will again have time to respond for the on-site team's comments about our Prison Education Program.

And then again in June, the board will vote both on our reaffirmation and on our Prison Education Program. And yet there's more, because part of the process is also the development of our Quality Enhancement Plan, the QEP. The QEP is a SACS standard.

But it's kind of different from all the other standards, because the QEP is forward-looking. All the other standards are looking at our past history and our performance. And so the QEP has been in development since March.

And it is a five-year plan. It has to revolve around improving student learning and student success. Our QEP is focused on increasing our transfer rates for our students into colleges and universities.

And when our on-site team arrives in October, one of the visitors will be a QEP specialist. Their job is focused on our QEP and whether it is realistic, whether it has a good assessment plan, whether there's community support for it, whether the campus has been involved in its creation. The QEP is almost evaluated as a separate piece of our reaffirmation.

And of course, going through the same process. As we said, our SACS liaison came to campus a couple weeks ago for an advisory visit. And I think he gave us a lot of good feedback.

But I think he confirmed that we are in good shape. We need to keep working through the issues, responding to the requests that we receive. And I think we can anticipate a positive result.

So what should the board do? So I think you should familiarize yourself with standard four, which is all about the governing board. I believe we've included a copy of that in your packet this evening.

I don't think you'll get a quiz from the visiting team. But by looking at it, I think you'll be able to see yourselves through the eyes of a SACS visitor to see what they look for when they look at the operation of a governing board. We've tentatively scheduled a luncheon for the board and the reviewers on October 8 from 12 to 1.

Probably we will expect and invite three, four, or five board members, depending on what the visiting team will tell us how many they want. Typically, they want three, or four, or five. And they're just going to have a conversation with you to understand how you work and to assure themselves that you are working the way you're supposed to be working.

And I think as important as anything else, show your love and commitment to Lee College and the community we serve. That's very important to our visitors. And I know that that is something you can do quite naturally.

So again, the bottom line is we're in good shape. We're going to continue doing our work. We plan to have a substantive and honest dialogue with our peer reviewers, show them not just compliance with the standards, but the great work that we've been doing.

And I really need to thank the board, the faculty, the staff, the administration, and our students, because this reaffirmation is really about our story, right? We are telling our story through all those standards. We're writing about ourselves.

And I think the reason we're going to do so well with this reaffirmation is because we have been doing such good work and working together, doing great things for our students, and it makes for a great story. So thank you. I'm open to any questions you may have.

[Speaker 1] (38:00 - 38:19)
Any questions for Dr. Walters? Thank you for all the work that you and your entire team have been doing over the last two years or so working on this. We know we'll have a successful completion to the review and looking forward to it in a few more years, right?

[Speaker 2] (38:19 - 38:24)
Oh, I want to see it in the rearview mirror for sure. For sure. Thank you.

[Speaker 1] (38:24 - 38:31)
All right. Thank you very much. All right.

Next item is report of Lee College resignations and or retirements. Dr. Villanueva.

[Speaker 7] (38:32 - 38:40)
Mr. Chairman, I have two to report. The first is Noah Dobbs, Director of the Performing Arts Center. The second is Joshua Ivory, Assistant Coach for Athletics.

[Speaker 1] (38:41 - 38:47)
All right. Thank you very much. Next, we'll move to our financial report.

Mr. Jacob Atkin, Chief Financial Officer.

[Speaker 3] (38:53 - 43:46)
Good evening. I'd like to follow Dr. Walters' example and lead with we're in good shape, and we could probably close right there if you want. In terms of our cash, you'll notice that our operating account is down to $25 million.

Keep in mind, our monthly cash outlays are about $7 million. We don't generate a lot of revenue during the summer, and the state was a month late on making their final payment for our state appropriations. So that was posted in July as opposed to June.

So this looks a little worse in June than it would normally look because of the tardiness by the state. But nonetheless, we are in good shape in terms of our operating account. You'll also notice on this report down at the bottom, we've included land held for investment.

This is the 100 acres that we own on I-10. It's classified as land held for investment. The last time it was appraised, it appraised for $11.9 million. We do that every two years. So we'll be appraising that sometime probably in September, and we'll update that value once that appraisal is finalized. In terms of our performance in our operating account, and this is not new information, district taxes are essentially all collected.

We'll have minor collections, $10,000 or $15,000 a month between now and the end of August. But in general, we've collected most of our ad valorem taxes. Tuition and fees, we've essentially collected everything that we're going to collect for this year, and so you can see that that came in at 101%.

I already mentioned why we're late on state appropriations, and our other income is up due to interest. And so at the end of this year, we're going to be right on target for state appropriations, up in tuition and fees, up in other local income, down in our ad valorem taxes. On the expense side, we are essentially 83% of the way through the year, so that you can see that there is a lag on our salaries and benefits, and particularly on our operating expenses.

We look like we're way behind on our debt, but we make all of those payments in August, and so our debt will equal 100% at the end of the year, but that is a timing issue in terms of when we make those payments. In terms of explaining the potential variance, our total revenue is down, but our expenditures are going to come in under budget. Right now, we're projecting a $5.6 million under budget on expenses, which means we believe we'll have a budget surplus of around $4.8 million this year. Moving on to our capital projects budget, the cosmetology renovation is well underway. We spent $473,000 on the cosmetology project last month. The other project that we're in earnest working on is the ADA phase two.

You can see we spent $65,000 last year. As we go through the rest of the activities for today, we're going to ask you to approve our capital projects budget. Once that's approved, hopefully you approve that for us, we will start adding those projects to this list as well and report on those each month in addition to the ones that you see here on the screen.

And then finally, our restricted funds or our grants and contracts, you can see that our revenue for the year is $20 million. Our expenses are $20,800,000. The $755,000 is a timing difference.

You'll notice that our federal aid, including direct loans, works on a reimbursement basis. We will collect that money. Perkins also is a major contributor to that timing difference.

Perkins moved to a three-month reimbursement basis, so we accrued three months of expenses before we are reimbursed by the feds. But the $755,000 will reconcile at the end of the year. Any questions on our financial position as of the end of June?

[Speaker 1] (43:48 - 43:54)
Any questions for Jacob? Very much.

[Speaker 12] (43:54 - 43:54)
Thank you.

[Speaker 1] (43:56 - 43:59)
All right, next we'll move to public comment. Do we have anyone signed up to speak?

[Speaker 9] (44:01 - 44:01)
No, sir, we did not.

[Speaker 1] (44:02 - 44:19)
Thank you. All right, moving on to items of action. Personnel consent agenda, consideration of new hires.

The administration recommends that the board approve the new hires as presented below. We have Ms. Laura Iglesias and Mr. Robert Mock.

[Speaker 16] (44:20 - 44:20)
So moved.

[Speaker 1] (44:22 - 45:06)
I have a motion from Regent Guillory, a second from Regent Geralds. Any comments or questions? Any discussion?

Hearing none, all in favor say aye. Aye. Any opposed, no.

The agenda is approved. Bless you. Moving on to new business.

There we go. All right, consideration of a three-year renewal agreement and fiscal year 26 payment for timely care. The administration recommends that the board authorize the president or her designee to negotiate final terms and approve the three-year renewal agreement for timely care and payment for fiscal year 26.

So moved.

[Speaker 16] (45:08 - 45:09)
Second.

[Speaker 1] (45:09 - 45:20)
I have a motion from Regent Guillory, a second from Regent Geralds. Any comments or discussion on this item? Hearing none, all in favor say aye.

[Speaker 16] (45:21 - 45:21)
Aye.

[Speaker 1] (45:21 - 45:53)
Any opposed, no. The three-year renewal agreement for timely care is approved. Next item, consideration of contract renewal with KARAsoft Technology Corp.

for Information Security Operations Center. The administration recommends that the board authorize the president or her designee to negotiate final terms and approve the contract with KARAsoft in the amount of $291,121.90. I have a motion.

[Speaker 8] (45:53 - 45:55)
So moved. Second.

[Speaker 1] (45:56 - 46:33)
I have a motion from Regent Orford, second from Regent Geralds. Any discussion on this item? Hearing none, all in favor say aye.

Aye. Any opposed, no. All right, motion to approve the contract with KARAsoft is approved.

Next item, consideration of ordinance and resolution adopting the Lee College District Operating Funds Budget. The administration recommends that the board approve the ordinance and resolution adopting the Lee College District Operating Funds Budget for fiscal year 2025-2026.

[Speaker 16] (46:33 - 46:34)
So moved.

[Speaker 1] (46:35 - 46:39)
I have a motion from Regent Hemsel, second from Regent Orford. Any discussion on this item?

[Speaker 4] (46:41 - 47:25)
I do have some questions for Jacob, I guess. And I will say, this budget looks great. I know, Jacob, you've worked hard.

You've done the best you could on it. And I look forward to following it throughout the year. I think we've spent a lot of time and a lot of detail on it.

My question is, if I could get a better understanding of the early payment of our debt, I guess you call that the defeasance portion of it, or if you could explain how that works. And I'm concerned that we may not should be doing that year over year over year. So go ahead, and then I'll follow up if you don't mind.

[Speaker 3] (47:27 - 51:01)
Of course. So in setting the rate for the INS fund, the interest in sinking fund, which is what we collect from the taxpayers in order to meet our general obligation bond payments, we have the minimum required payment that we have to collect. And that's based on the structure of payments that's adopted when we issue the bonds or when we refinance the bonds.

So in FY26, that amount is about $1.3 million. In addition to that, for the past two years, the college has authorized an additional principal payment of $2 million. So that would take it for next year from $1.3 million to $3.3 million that we would be collecting in the INS rate in order to make those payments. So the extra $2 million is not mandated that we pay that. That is an elected payment that the board elects to adopt. The cost to the taxpayer is essentially a one-penny increase in order for us to collect that $2 million and then remit that at the end of the year for an early payment on our general obligation bonds.

So raising taxes. So we've been doing this for the last several years. So we are charging an extra penny in tax in order to make this payment.

And so as you've looked at our total tax rate over the last five or six years, right, we went from almost $0.26 down to $0.195. If you were to eliminate that payment for next year, assuming we keep everything else the same, the tax rate would drop from $0.195 to approximately $0.185 that we would have to charge. If we eliminate those early payments, it does two things. Number one, our debt is scheduled to go out to 2037.

If we continue to make these payments, we will pay off all of our debt by 2032. We will also save the college around $1.9 million of interest over that time period. But by cutting that rate, it also means that we have less flexibility to potentially issue debt without having to raise taxes in the future.

So in all likelihood, right, if we were to issue a $50- or $60-million bond to build a new building, we would at that point have to go back out to the taxpayers and ask them to approve a tax increase, where if we have that built in right now, when those debts are paid off, we could reissue. We still have to go out to the public for an approval to issue new debt, but we could do it without increasing the tax rate at that time. Guarantee is an interesting way of putting it.

[Speaker 10] (51:01 - 51:13)
I'm saying, yeah, but I'm just saying there could still be the possibility that maybe we still have to go for an increase in tax.

[Speaker 3] (51:13 - 51:49)
Correct. It's a mathematical function, right? Depending on how much we needed to issue a new debt, we might be able to do that within our current tax rate by adjusting what we apply to the M&O rate and what we apply to the INS rate, or if we needed a larger amount that we couldn't facilitate within those two rates, then even if we had some flexibility, we would still have to go out with an increase in taxes to the populace for general voter approval.

[Speaker 1] (51:51 - 52:27)
I just have a comment. We've had this same conversation two or three years in a row, and I think the adjustment in the tax rate each year that we've brought it down has included this one penny, and it's been made up on the M&O side. The total tax rate has continued to come down, and it was a board decision, a philosophical decision to use this strategy to build capacity in our INS tax rate for any future bond, and I know we've had different opinions on it, but we've had this same conversation two or three years in a row.

We know what we're doing. We're just discussing it again.

[Speaker 4] (52:30 - 54:19)
But what we're doing is we've raised the taxes to pay this off early, but that's not what the taxpayers agreed to do whenever they agreed to let us borrow this money. We had a specific time for repayment and a specific rate, and now we have increased that. It seems to me that we're doing that because we have excess, all this excess money, and it just seems to me that we need to relook at this and not continue taxing our people unnecessarily, and that's what we're doing.

We do not have to do this, and that's another penny that we can save, and it's not just the individual homeowner. It's the guy that owns the apartment complex or the service station or ex-owner. Those people that pay a lot more than just the average homeowner, it's a lot of money, and I think we should look at that, and I would like to see us amend this budget to take that defeasance out for the 2026 year.

We can relook at it again next year, but we've gone to the public. We've expressed concerns that we may not have enough money, but it looks like we got plenty of money this year left over, another 4.8 hopefully, which is great, but we need to give the taxpayers a break at some point, and this continues to come up in the public that our taxes are high. We need to look at it, so I would like to make a motion that we amend the budget to take the defeasance out for the next year.

[Speaker 8] (54:21 - 54:30)
Another way we could look at it is to say that we're being frugal because we're going to save $1.9 million of the taxpayers' money in the future.

[Speaker 4] (54:30 - 54:33)
But we're taking it from them right now. We're getting it out of their pocket to do this.

[Speaker 1] (54:34 - 54:39)
We always take it out of their pocket, whether it's in the next five or 10 or 15 years, it's always going to come out of their pocket.

[Speaker 4] (54:39 - 54:41)
But that's not what they agreed on.

[Speaker 1] (54:41 - 54:42)
They also didn't...

[Speaker 4] (54:42 - 54:44)
I don't think that they know that we're doing this.

[Speaker 1] (54:44 - 55:05)
Well, that would say that every time they reissue to get a better interest rate that they didn't vote for that either, and that's not true because they do that on a regular basis. They reissue bonds on a regular basis to get a better interest rate to save the taxpayers' money. This is just another mechanism to save the taxpayers' money.

The taxpayers are going to pay for this whether they do it in five years, 10 years, or 20 years.

[Speaker 4] (55:06 - 55:11)
But we're not actually saving them money. They're paying this up front.

[Speaker 1] (55:11 - 55:12)
They're going to pay it in the end.

[Speaker 4] (55:12 - 55:32)
Right, but they're paying it up front, and that's not what they agreed to do. In fact, we could lower our rate another penny, and the $1.9 spread over from now until 2037 is not that much money to us. But we could cut a penny now for everybody, and they could see that benefit.

[Speaker 1] (55:36 - 55:45)
So I need a little help on this. We have a motion and a second. We're in discussion.

You've made a motion to amend this item.

[Speaker 8] (55:49 - 55:51)
We have a motion on top of a motion.

[Speaker 12] (55:53 - 56:19)
I think... So you already have a motion as it currently stands. You got a first and a second.

You would need the person who made the original motion to change their original? They would need to change theirs with the second in order to do it. Otherwise, you have to proceed with the motion, and then if it passes, you're done.

If it fails, then you can make the other motion.

[Speaker 1] (56:20 - 56:29)
All right. Since we have a motion and a second on this item, who made the motion? I did.

Who made the motion? Who made the second?

[Speaker 8] (56:30 - 56:32)
Well, we said it at the same time. Oh, yeah. All right.

[Speaker 1] (56:33 - 56:58)
Are you leaving your motion, or are you changing your motion? I'm not what? I'm sorry.

Are you going to leave your original motion in place, or are you going to change your motion? I'd like to change the motion to move the defeasance. All right.

You would need to agree for that to happen. We do not have a second on changing the motion. Any other discussion on this item?

[Speaker 13] (57:00 - 57:05)
Is what he's proposing, is that not going to be discussed on item B4?

[Speaker 1] (57:06 - 57:12)
Item B4 will be the formal resolution to do what we're talking about. Wait, that's not correct.

[Speaker 3] (57:12 - 57:22)
Item B4 is authorization to make the payment for FY25, the money that we've already collected. Do what we decided last year. Last year, yes.

[Speaker 4] (57:22 - 57:36)
You've got to vote on this every year, because it's not the norm. So we've got to vote next to approve last year's. So what we're doing tonight, we would approve a year from now after to approve it.

[Speaker 1] (57:40 - 58:17)
OK, I'm corrected on that one, yes, to make the payment that we already agreed to make in last year's budget. Any other discussion? How many questions?

All right. I mean, we're good with all the rest of the budget. All in favor, say aye.

Opposed, no. No. OK, all in favor, raise your hand.

All opposed, raise your hand. Got the count?

[Speaker 4] (58:17 - 58:18)
Five.

[Speaker 1] (58:18 - 58:36)
Five, two, and two absent. So the motion to consider adopting this, recommending this budget as presented failed. Correct?

All right. But we don't have a budget.

[Speaker 4] (58:39 - 58:41)
I think Gina said I need to make a.

[Speaker 12] (58:41 - 58:43)
You don't have a budget as presented.

[Speaker 4] (58:44 - 59:13)
Right. I need to make another motion to accept the budget lest the defeasance, 1,026, lower the tax rate by a penny. But all other services, Jacob, am I clear, this will not affect any other service at Lee College, no student services, no salaries, no benefits, nothing will be affected by this, correct?

[Speaker 3] (59:14 - 59:15)
4FY26, that's correct.

[Speaker 4] (59:15 - 59:19)
Yeah, 26. No impact on the college.

[Speaker 1] (59:22 - 59:24)
Did we get a motion and a second? I'm sorry.

[Speaker 12] (59:25 - 59:26)
We didn't make the motion yet.

[Speaker 1] (59:26 - 59:36)
All right, motion's made by Regent Hemsel. You got the wording on that. Budget as presented minus the defeasance payment.

We got a second from Regent Geralds. All right, now we're in discussion.

[Speaker 12] (59:37 - 59:41)
My question is, when is the last day to approve the budget?

[Speaker 3] (59:41 - 59:49)
If we do not approve the budget by August 31st, we automatically adopt last year's budget as the upcoming year's budget.

[Speaker 12] (59:50 - 1:00:07)
I just wanted to make sure. So August 31st is the day to adopt the budget. So if we were to proceed with the motion that's currently on the table, will that change any of the numbers where you would need time to go in and recalculate anything and then bring back what we would be adopting?

[Speaker 3] (1:00:08 - 1:00:09)
Functionally, no.

[Speaker 4] (1:00:12 - 1:00:17)
The only thing we're doing is taking the $2 million out. Yes. That's all we're doing.

Nothing else changes.

[Speaker 3] (1:00:18 - 1:00:44)
And you don't technically adopt the INS rate at the same time that you adopt the budget. That will take place in September and October. And so depending on how the budget is adopted, we will adjust the adoption of the INS rate and the M&O rate for former approval by the board in September.

So you're free to proceed as far as I'm concerned.

[Speaker 13] (1:00:45 - 1:00:49)
All right. Do we always set the budget before we set the tax rate? Yes.

[Speaker 1] (1:00:50 - 1:00:54)
Why? Well, our CMO can explain it.

[Speaker 13] (1:00:55 - 1:01:00)
I don't understand why we would set the budget without knowing what the tax rate is actually going to be.

[Speaker 3] (1:01:00 - 1:01:44)
We don't get certified valuations from the county until mid to late August from Harris County. And from a timing perspective, the board can't announce and do a public hearing until September following the receipt of those certified rolls, which takes us into next fiscal year. And so it's just an unfortunate timing issue that we have based on the property tax adoption process and the fiscal year end for Texas Community Colleges.

And this is basically standard across all community colleges.

[Speaker 1] (1:01:45 - 1:02:31)
A little worse for ISDs whose fiscal year is July 1. Yes. All right.

Any other comments or questions on this item? OK. All in favor of the motion made to approve the budget as presented minus the defeasance payment, raise your hand.

Any opposed? Raise your hand. All right.

Five. So it's a four in favor, three opposed. Motion.

Motion fails. Without a majority.

[Speaker 12] (1:02:31 - 1:02:39)
No. Oh, it carries. Four?

Yes. Four? We only have seven here.

[Speaker 10] (1:02:39 - 1:02:44)
Well, because we only have seven people. For the budget.

[Speaker 8] (1:02:49 - 1:02:53)
Which would be five. It would be five.

[Speaker 1] (1:02:58 - 1:03:26)
So four in favor, three opposed. So do not have the majority of the board vote, according to Leslie. I'll accept that as the official rule on how we're supposed to do it.

I think it's accurate, but it might be. All right. So at this point, I'm going to say motion failed.

If you'll reach out to John, we'll. You can't unfail it.

[Speaker 10] (1:03:30 - 1:03:33)
We will hold. He will have called it.

[Speaker 1] (1:03:33 - 1:03:38)
We will hold on calling it until we get an answer. And proceed.

[Speaker 12] (1:03:38 - 1:03:38)
Yeah.

[Speaker 1] (1:03:39 - 1:03:50)
And so I will. Can I put that item on hold and move on? Can.

Yeah, that's what I thought. That's what I meant to do. We will.

We will hold. We will hold where we are on our 4-3 vote.

[Speaker 13] (1:03:50 - 1:04:00)
Until Leslie gets us an answer. I think it has to be five. Because when me and Pam were competing, I had four.

And they said it had to be five. So I hope that a budget would be more important.

[Speaker 1] (1:04:02 - 1:04:15)
I think Leslie's correct. But we'll get her to confirm. So while we're waiting on that.

See what the next item is. The next item is something we would need to do anyway.

[Speaker 12] (1:04:15 - 1:04:15)
You can.

[Speaker 1] (1:04:16 - 1:05:00)
All right. Next item. See if we can get.

Five. Oh, I see. All right.

Next item. We'll put that on hold. No call on the vote.

Next item. Consideration of approval of an order of the Board of Regents authorizing the defeasance of certain outstanding bonds, execution of an escrow agreement, engagement of a verification agent, and other related matters. The administration recommends that the board approve the order authorizing the defeasance of general obligation refunding bond series 2023 of the Lee College District approval and authorization of the execution of an escrow agreement, engagement of a verification agent, and other related matters.

I could take a motion at any time.

[Speaker 8] (1:05:00 - 1:05:01)
Second.

[Speaker 1] (1:05:01 - 1:05:05)
Got a motion from Regent Gerald, second from Regent Warford. Any discussion on this item?

[Speaker 4] (1:05:05 - 1:05:12)
Do we have an option here? We don't, right? We've collected the money.

We've got to pay it, right?

[Speaker 3] (1:05:13 - 1:05:31)
Technically, you have the option to not approve this motion. If you were to reject this motion, this money would be held, and we would use it essentially as part of the calculation for INS taxes for next fiscal year.

[Speaker 8] (1:05:32 - 1:05:36)
But did we not vote to do this last fall? Or into last summer?

[Speaker 3] (1:05:36 - 1:05:58)
We put it in the budget. So you put it in the budget, and you voted to approve the INS collection last year in September. But because this is optional and not mandatory, you could potentially reject this motion, which would then have an impact on how we calculate INS tax collection for next fiscal year.

[Speaker 1] (1:06:01 - 1:06:51)
Comments, questions? All in favor, raise your hand. Any opposed, raise your hand.

All right, motion carries 7-0 and 2 absent. The fees payment is approved. All right.

Leslie yet? We'll move on. John out of his dinner or something.

All right, next item. Consideration of ordinance and resolution adopting the Lee College District Capital Projects Budget. The administration recommends that the board approve the ordinance and resolution adopting the Lee College District Capital Projects Budget for fiscal year 25-26.

[Speaker 16] (1:06:54 - 1:06:55)
Second.

[Speaker 1] (1:06:56 - 1:07:18)
Is that Regent Cotton? Second by Regent Geralds. Any discussion on this item?

All right, hearing none. All in favor, say aye. Aye.

Opposed, no. All right, motion approved to approve the Capital Projects Budget. All right, next item.

[Speaker 12] (1:07:20 - 1:07:20)
There's Leslie.

[Speaker 14] (1:07:21 - 1:07:26)
Chairman? Yes. John did say we need a majority of the board, full board.

[Speaker 1] (1:07:26 - 1:07:32)
Majority of the full board. Let me back up to.

[Speaker 4] (1:07:43 - 1:07:46)
OK. We want to discuss it any further?

[Speaker 1] (1:07:47 - 1:08:02)
We voted. We ended up for three. So the motion does not pass with a majority of the board.

So we either table this budget item to our next meeting. We have in August to still approve this budget.

[Speaker 12] (1:08:10 - 1:08:17)
So if we. The person who made the motion would have to now make the motion to table it.

[Speaker 1] (1:08:21 - 1:08:21)
Yep. OK.

[Speaker 12] (1:08:24 - 1:08:26)
Which allows you to bring it back at the next meeting.

[Speaker 1] (1:08:26 - 1:08:41)
Would you like to table this item to bring back at the next meeting? That's our only option, right? So it fails.

So we would need to consider another budget proposal.

[Speaker 12] (1:08:43 - 1:09:00)
Is that what John said? Get compensated for John. Since he's not here, we'll pay him.

[Speaker 14] (1:09:00 - 1:09:08)
All right. OK, so if the motion fails, we don't table it at this point. The administration just brings it back next month.

[Speaker 4] (1:09:09 - 1:09:26)
So are we required to do a $2 million payment? Or could we do a $1 million and split it? Maybe I could amend the motion to do half or something.

No? Nobody likes that idea? OK.

[Speaker 3] (1:09:26 - 1:09:42)
It's up to the board. Administration will follow whatever directive you provide to us regarding an early defeasance payment. But $2 million is not a requirement.

That's just what was elected by the board two years ago.

[Speaker 1] (1:09:43 - 1:10:06)
Am I motion to again? I don't know that there's an amendment, because we've already voted. I'm going to request the administration.

It's still an action item, though, right? I'm going to request the administration to bring a budget back to us. And we'll provide some guidance on what to bring us, maybe options.

All right. OK. Is that satisfactory with the board?

[Speaker 8] (1:10:07 - 1:10:09)
Can I make a comment, please?

[Speaker 1] (1:10:09 - 1:10:09)
Yes.

[Speaker 8] (1:10:09 - 1:10:35)
I believe the citizens of Baytown expect us to make good decisions with the money they have given us. That's what I think they do. And so that's been recommended by the council, our CFO.

And so that's why I wanted to vote for it, because he feels like this is the best use of the taxpayer money and the best purpose for us to use it for Lee College going forward.

[Speaker 1] (1:10:38 - 1:10:39)
Thank you very much.

[Speaker 10] (1:11:02 - 1:11:15)
Half our budget comes from the taxpayer. What they do for us. So that's why.

I'm sorry. That's why I choose my opinion this way.

[Speaker 1] (1:11:15 - 1:11:16)
I think it's off. It's off.

[Speaker 10] (1:11:16 - 1:12:05)
I know. I think that we have to balance the needs of the college and the needs of the taxpayers. And the taxpayers put the bill for half of this college.

And I just don't think it's unwise to consider our taxpayer also, because if we didn't have them, it wouldn't be us. And so I like to balance it. And we're going to meet our budget without the defeasance.

And so that's why I respect everything that everybody puts into the hard work. Jacob, I respect all of what you guys do, and Dr. V, and everybody. But I also like to look at both sides of the coin.

And that other side is our taxpayers, which is why I'm voting the way I did tonight.

[Speaker 13] (1:12:06 - 1:12:12)
When you're saying the $1.9 million, does that save Lee College money or taxpayers?

[Speaker 3] (1:12:15 - 1:12:34)
Well, Lee College gets its money from the taxpayers, so both of us. But ultimately, the total amount of taxes collected from the taxpayers will be $1.9 million less over the life of the loan if we continue to make these early defeasance payments.

[Speaker 1] (1:12:37 - 1:13:13)
It's like making an extra mortgage payment once a year and paying off your mortgage early and saving money in the end. This has always, from the beginning, been a philosophical discussion, and we've had philosophical differences, right? And that's okay.

That's what we do here. And when we get to the point where the philosophical differences shift to a different thought, then that's what we do. And that's how we run our business.

So there's nothing wrong. There's nothing right. It's just doing the best that we can, stewarding the taxpayers' money for the taxpayers' college.

[Speaker 12] (1:13:16 - 1:13:26)
Comments? None other than we failed twice tonight in our vote, and administration will bring it back, and we'll have another vote.

[Speaker 4] (1:13:29 - 1:13:37)
Yes, I always thought we could offer another motion, but maybe I'm thinking about something else. We've done this before like that.

[Speaker 1] (1:13:38 - 1:15:03)
I think it would be good for the administration to bring us some options on that part, and we can, since we have a little time. We did do it early this year. It was great, and this is sometimes why we need to do it early to give us a little more time to percolate.

Okay. Yep. Okay, let's see.

I think we were down to 6B6. Six. Consideration of ordinance and resolution adopting the Lee College District Grants and Contracts Budget.

The administration recommends that the board approve the ordinance and resolution adopting the Lee College District Grants and Contracts Budget for fiscal year 2025-2026. So moved. Second.

Motion by Regent Cotton, second by Regent Warford. Just a comment. This is, I think, the first time that we've formally, well, no, formally included.

We've never even included the grants component in our budgeting process, so this now completes all the funds that Lee College receives that we're responsible for stewarding as a board and as an institution. So this is the part of the budget that it is what it is, and it reconciles itself out, right?

[Speaker 3] (1:15:03 - 1:15:05)
That's correct. Okay.

[Speaker 1] (1:15:05 - 1:15:37)
All right, any other comments or discussion items? Hearing none, all in favor say aye. Aye.

Opposed, no. Motion to approve the resolution adopting Lee College District Grants and Contracts Budget is approved. Do we have a need to?

No. Well, no need for executive session, so we'll move to matters of concern for future agendas. Hearing none.

We need a budget. We need a budget. Hearing none.

Hearing none, we are adjourned.