March 30, 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
• Tom Proctor – Director, Program Review, Planning and Assessment
• Sandi Jones – Associate Director, Financial Aid
• April Robinson – Associate Director, Financial Services

Committee Members Absent:

• N/A

Others People Present:

• Lisa Elliot – Director, Marketing & Communications

Agenda Topics:

• Discuss different ways MCC advertises.
• Discuss incentive items for enrollment ideas and their financial impact.
• Discuss financial impact of expanding institutional scholarships.
• Other updates.

Action Items and Timelines:

• Meeting starts at 1:30PM
• Lisa explains the different ways that the marketing department spends it’s advertising money.
  • Funding has been the same for several years.
  • Will research other colleges to see how much funding they give to marketing and advertising.
• Discussed the different ideas that people had for incentive items.
  • Decided that giving computers as prizes in a drawing would be the best incentive item based on the costs.
  • We will leave it to other committees to decide how to implement the incentives based on a point system.
• Talked about the idea of expanding the McLennan Scholarship to include more than just the top 10%
  • Decided to look into providing a percentage scholarship to students in the top 11-20%
    • To be discussed further in the next meeting

Next meeting was decided for April 27^th, 2021 at 1:30PM.

Meeting ended at 2:30PM.