Trustees Accept FY’11 Financial Report
December 19, 2011
Atlantic Cape Community College’s Board of Trustees voted Dec. 13 to accept the Comprehensive Annual Financial Report for the fiscal year that ended June 30, 2011, following an independent audit by the firm of Ford, Scott & Associates, certified public accountants. The action came at the board’s monthly meeting.
Tom Lombarski of the firm presented the annual audit report and said their findings represented a “clean” or “unqualified” opinion, with no significant deficiencies or material weaknesses. Based on their review of college financial records, he said, “you are in stable and good financial condition.”
In Personnel Action, the Board:
--Granted a sabbatical leave for one semester, summer 2012, to Otto Hernandez of Hammonton, associate dean, Technology Studies Institute.
--Approved initiation of the establishment of the Atlantic Cape Community College 403(b) Plan, Plan Number 001, and the Atlantic Cape 457(b) Plan, Plan Number 002, on or before Dec. 31, 2011. The resolution also included opening two custodial accounts for the plans at Ocean City Home Bank. The action relates to a provision in the president’s employment agreement that calls for an unmatched pension contribution equal to 10 percent of annualized base salary. Both the 403(b) and the 457(b), as college-administered plans, are being designed to accept employer and/or employee contributions for those eligible college employees whose salary and/or elective employee contributions fall within the definition of each plan.
--Rescinded two personnel resolutions passed as part of the consent agenda relating to the reorganization of the college’s Casino Career Institute until additional information could be obtained on the reorganization.
Contracts and Purchases:
--Internet services, consortium purchase, New Jersey Institute of Technology/NJEDge.Net, $63,696.
--Security cameras, Mays Landing and Cape May County campuses, Integrated Systems and Service, Eatontown, $62,654, with a provision that a consultant will review the contract.
In Other Action, the Board:
--Accepted the Nov. 30, 2011, financial report.
--Approved a policy that determines whether a student will be removed from campus. The “Involuntary Withdrawal” policy grants the Dean of Students the right to remove a student from the campus community in the event the student’s behavior is determined to pose a threat to the student or others or encroaches upon the college’s orderly functioning.
--Authorized the college to apply to the state Higher Education Student Assistance Authority for the New Jersey College Access Challenge Grant program. If awarded, it would provide Atlantic Cape with a $7,500 grant to assist families in completing the Free Application for Federal Student Aid from Oct. 1, 2011-April 30, 2012.
--Adopted a policy relating to the assumption of risk and creating a waiver and release form for students traveling on commercial air or ground transportation for educational or cultural enrichment trips.
In the President’s Report:
--Dr. Peter Mora reported on the college’s efforts to involve students on the Enrollment Management Cross Functional Committee whose goal is to improve student success at Atlantic Cape. He said Student Government Association and Phi Theta Kappa officers have joined the group. Additionally, the college’s PTK chapter recently took part in the honor society’s national “Community College Completion Challenge” to encourage students to complete their associate degree.
--Dr. Mora spoke about the Dec. 1 meeting he and Atlantic Cape and Rutgers administrators held with The Press of Atlantic City editorial board. Coverage of the Rutgers expansion at Atlantic Cape as well as college building projects resulted from the exchange with Press editors.
The next meeting of the board of trustees will be held at 7 p.m., Tuesday, Jan. 24, at the Cape May County Campus. All are welcome to attend.