April 27, 2021

Finance Subcommittee Minutes

Committee Members Present:

• James Kubacak – Director, Financial Aid (Co-Chair)
• Grayson Meek – Director, Financial Services (Co-Chair)
• Rene Clay – Associate Director, Student Accounts Receivable
• Shelley Cotten – Coordinator, Operations & Scholarships, MCC Foundation
• Rita Jacinto – Coordinator, Administrative Systems
• Jerry Knutson – Research Analyst, Institutional Research
• Sandi Jones – Associate Director, Financial Aid
• April Robinson – Associate Director, Financial Services

 Committee Members Absent:

• Tom Proctor – Director, Program Review, Planning and Assessment
• Sandi Jones – Associate Director, Financial Aid

Agenda Topics:

• Discuss and approve changes to the scholarship policies.
• Discuss level of advertising budget.
• Look at possible other items brought up during town halls.

Action Items and Timelines:

• Meeting starts at 1:31PM.
• Discussed the changes to the McLennan Scholarship and Rising Star Scholarship.
  • Changed policy to be based on academic standing during the spring of the student’s junior year instead of senior year.
    • This would provide more time for the student to decide to go to MCC.
  • Voted unanimously to recommend the policies to the steering committee.
• Discussed the comparisons of the marketing budgets of different community colleges.
  • Ultimately decided not to recommend any increase in funding.
    • Want to see how other changes will impact enrollment first and review a whole plan of financial costs to increase enrollment.
  • Discussed the different ideas brought up during the town hall meetings.
    • Decided to look further into the financial literacy education for students both before and after enrollment.
    • Look to see if there is any teaching material already created elsewhere we can use.