OGLALA LAKOTA COLLEGE
BOARD PRESENT BOARD ABSENT STAFF PRESENT OTHERS
Newton Cummings Elaine Gibbons Tom Shortbull Lisa Cook
Lawrence Janis Karlene Janis
Mavis Bad Cob Arlene Quist
Lamoine Pulliam Tony Fresquez
Bennett Sierra - entered 5:50 p.m.
Dennis King
Tom Conroy
Eileen Janis
Pheobe Tallman
Dennis Brewer
Delores Dreamer
Lyle Jack Ð entered 5:30 PM
PLACE: Piya Wiconi
1. CALL TO ORDER
Mr. Newton Cummings, Chairman, called the meeting to order at 5:20 p.m.
2. INVOCATION
Mr. Lamoine Pullium gave the invocation.
3. APPROVAL OF MINUTES Ð Regular May 29, 2002 Meeting
Ms. Eileen Janis made a motion to approve the minutes of the May 29, 2002 Regular Board of Trustees meeting. Mr. Dennis Brewer seconded the motion.
Vote: 10 for; Against: 0 Not Voting; 0 Motion Carried
4. INVESTMENT STRATEGY
Mr. Shortbull recommended that the Board of Trustees go into Executive Session for presentations from Morgan Stanley and Dain Raushcher as to whether OLC should change its investment strategy and whether OLC would change its investment firm for equity investments.
Mr. Dennis King made a motion to go into Executive Session. Ms. Eileen Janis seconded the motion.
Vote: 10 for; Against: 0 Not Voting: Motion Carried
The Board of Trustees went into Executive Session at 5:20 p.m.
Lyle Jack entered the meeting at 5:30 p.m.
Ms. Pheobe Tallman was excused from the meeting at 5:35 p.m.
Mr. Bennett Sierra entered the meeting at 5:50 p.m.
Out of Executive Session at 6:46 p.m.
Ms. Eileen Janis made a motion that OLC adopt an ultra-conservative investment strategy and that OLC change its Investment Firm from Dain Rauscher to Morgan Stanley. Mr. Dennis King seconded the motion.
Vote: 8 for; Against: 1 Not Voting; 2 Motion Carried
5. FINANCE
Mr. Shortbull presented the Finance Committee Minutes for the BoardÕs approval. (See Appendix I)
Ms. Eileen Janis made a motion to approve the Finance Committee Minutes. Mr. Lawrence Janis seconded the motion.
Vote: 9 for; Against: 0 Not Voting: 2 Motion Denied
6. PROGRAM/POLICY
Mr. Shortbull presented the Program Policy Committee minutes for the BoardÕs approval. (See Appendix II).
Mr. Lyle Jack made a motion to approve of the Program Policy Committee minutes Mr. Lawrence Janis seconded the motion.
Vote: 9 for; Against: 0 Not Voting: 2 Motion Carried
4. PERSONNEL
Mr. Shortbull presented the Personnel Committee Minutes for the BoardÕs approval. (See Appendix III).
Mr. Tom Conroy made a motion to approve the Personnel Committee Minutes. Mr. Dennis King seconded the motion.
Vote: 9 for; Against: 0 Not Voting: 2 Motion Carried
Mr. Shortbull presented the recommendation of a personnel item that had not been presented at the Personnel Committee on June 26, 2002, and was now being presented for Board action. This personnel item was a salary adjustment for Art Fischer Ð Dean of Instruction for $42,546 pro-rated for 24 p.p. for Contract Year 2002-03. (See Attachment A)
Ms. Eileen Janis made a motion to approve of the salary adjustment for Art Fischer Ð Dean of Instruction for $42,546 pro-rated for 24 p.p. for Contract Year 2002-03. Ms. Mavis Bad Cob seconded the motion.
Vote: 9 for; Against: Not Voting: 2 Motion Carried
5. REPORTS AND ANNOUNCEMENTS
6. OLD BUSINESS
No Old Business
7. NEW BUSINESS
No New Business
8. SELECTION OF NEXT MEETING: TIME: DATE AND PLACE
Finance Committee Meeting Ð Monday , August 19, 2002 Ð 3:30 p.m. Ð Pine Ridge College Center
Program/Policy Meeting Ð Monday, August 19, 2002 Ð 5:00 p.m. Ð Pine Ridge College Center
Personnel Committee Meeting Ð Tuesday, August 20, 2002 Ð 5:00 p.m. Ð Piya Wiconi
Board of Trustees Ð Thursday, August 22, 2002 Ð 5:00 p.m. Ð Piya Wiconi
11. ADJOURNMENT
Mr. Tom Conroy made a motion to adjourn the meeting. Mr. Dennis King seconded the motion.
Vote: 10 for; Against: 0 Not Voting: 1 Motion Carried.
The Board of Trustees Meeting adjourned at 7:10 p.m.
Respectfully Submitted,
Karlene Janis
Recording Secretary
ATTEST:
Mr. Newton Cummings