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Board of Governors' Finance and Facilities Committee Meeting Robert Plaster Student Union, 3rd Floor, Ballroom East

Friday, 2/21/2020 8:30 - 10:00 AM CT

I. Roll Call Presented By: Carrie Tergin

II. Approval of Minutes of the Finance and Facilities Committee Meeting of December 12, 2019 Presented By: Carrie Tergin

II. FFC 12.12.2019 Minutes - Page 2

III. Preliminary Fiscal Year 2021 Budget Discussion Presented By: Clif Smart

A. Governor’s Proposed Budget

B. Discussion on Tuition & Fees

IV. Facilities Update Presented By: Matt Morris

A. General UpdateIV.A. Approval of bids and award of a contract to renovate the Graduate College suite at Carrington Hall - Page 6

B. Review Concept Drawings for the Outdoor Performing Arts Pavilion

V. Review Year to Date Financial Statements Presented By: Steve FoucartV. Financial Statements December 2019 - Page 8

VI. Foundation Review Presented By: Brent DunnVI. Development Report - Page 14

VII. Resolution Authorizing Closed Meeting, Pursuant to Sections 610.021(1), (2), (3), (6), (9), (11), (12), (13), (14) and/or (17) of the Revised Statutes of Missouri

VII. Closed Meeting Resolution - Page 18

VIII. Adjournment Presented By: Carrie Tergin

Page 1 of 18 - Board of Governors' Finance and Facilities Committee Meeting 2/21/2020________________________________________________________________________________

MINUTES OF THE BOARD OF GOVERNORS’FINANCE AND FACILITIES COMMITTEE

MISSOURI STATE UNIVERSITYTHURSDAY, DECEMBER 12, 2019, 9:00 A.M.

PSU BALLROOM EAST, 3RD FLOOR

Present- Ms. Amelia Counts, Committee ChairMr. Craig Frazier, Committee MemberMr. Gabriel Gore, Committee MemberMr. William Miller, Committee MemberMs. Beverly Miller Keltner, Committee MemberMr. Kendall Seal, Committee MemberMs. Carol Silvey, Committee MemberMr. Gregory Spears, Committee MemberMs. Carrie Tergin, Committee Member

Also Present- Mr. Clifton M. Smart III, President of the UniversityDr. Jim Baker, Vice President for Research and Economic Development and International ProgramsMr. Michel Bampoe, Assistant Director of Human Resources, Benefits

Ms. Donna Christian, Director of Internal Audit and Risk ManagementMr. Jeff Coiner, Chief Information OfficerMs. Jennifer Cox, Assistant to the Vice President for Administrative ServicesMr. Ryan DeBoef, Chief of Staff and Assistant to the President for Governmental Relations Ms. Laura Derrick, Project Manager-Architect for Planning, Design and ConstructionMs. Rachael Dockery, General Counsel and Chief Compliance OfficerMr. Brent Dunn, Vice President for University AdvancementDr. Frank Einhellig, ProvostMs. Tammy Few, Director of Human ResourcesMr. Steve Foucart, Chief Financial OfficerMr. David Hall, Director University SafetyDr. Rob Hornberger, Associate Vice President for Enrollment Management and ServicesDr. David Hough, Dean, College of EducationMr. Brad Kielhofner, University Engineer and Director of Facilities ManagementMr. Allen Kunkel, Associate Vice President for Research and Economic DevelopmentDr. Shirley Lawler, Chancellor, West Plains CampusMs. Emily McGee, Associate Director for Planning, Design and ConstructionMs. Natalie McNish, Senior Auditor, Internal Audit and Risk ManagementDr. David Meinert, Dean, College of Business


Ms. Shirley Mitchell, Senior Accountant-Analyst, Provost OfficeMr. Matt Morris, Vice President for Administrative ServicesMs. Andrea Mostyn, Director of University CommunicationsMr. Tom Peters, Dean of the LibraryMr. Wes Pratt, Chief Diversity Officer and Assistant to the PresidentMr. Greg Rainwater, Budget and Financial Manager, Provost OfficeMs. Claudette Riley, Education Reporter for Springfield News-LeaderMr. Scott Schneider, Director of Business and Support Services, West Plains CampusMs. Cindy Schull, Director of Grants and FoundationMs. Jennifer Severson, Director of Accounting and Budgeting, Financial ServicesDr. Dee Siscoe, Vice President for Student AffairsDr. Mark Smith, Dean, McQueary College of Health and Human ServicesMs. Rowena Stone, Executive Assistant to the PresidentMr. Mike Wills, Director of Procurement ServicesMs. Kristan Gochenauer, Secretary of the Board of Governors

1. Roll Call – Ms. Amelia Counts, Committee Chair, called the Finance and Facilities Committee meeting to order at 9:20 a.m. on Thursday, December 12, 2019, on the Missouri State University campus.

2. Approval of Minutes – Ms. Counts mentioned that the first item of business was the approval of the minutes from the October 25, 2019, meeting. Ms. Carol Silvey made a motion, receiving a second from Mr. Gabriel Gore.

Motion passed unanimously.

3. Review of Bond Issue – Mr. Steve Foucart, Chief Financial Officer, reported that the Executive Committee of the Board of Governors met in November and approved the final terms of (1) the University’s Auxiliary Enterprise System Revenue Bonds, Series 2019A, and (2) the Health and Educational Facilities Revenue Bonds (Missouri State University), Series 2019B. Mr. Foucart reported that the parameters set by the Board of Governors’ was achieved and the sale of the bonds closed on December 4, 2019, with a 2.76% rate for auxiliary bonds and 2.65% rate for MOHEFA bonds. The result is that Missouri State University is to save $1.5 million over the life of the bonds.

4. Consent Agenda Procurement Report – Mr. Foucart reviewed the consent agenda procurement report that will require approval at the regular Board of Governors’ meeting scheduled later in the day.

5. IDEA Commons Update – President Clif Smart provided an update on progress made to the IDEA Commons project since the last Board of Governors’ Executive Committee meeting. Missouri State University had been negotiating and working on a framework for a


formal letter of intent with Vecino Group over the addition of Jordan Valley Innovation Center (JVIC) building IV. As of 9:04 a.m., an agreed upon letter of intent had been completed.

Ms. Rachael Dockery, General Counsel and Chief Compliance Officer, reviewed the terms outlined in the letter of intent to move forward with the expansion of JVIC IV with Vecino Group (Vecino). Vecino will remove the existing structure on the property, build a 30,000 square foot building, meeting University aesthetic and infrastructure requirements, and the total project is not to exceed $14.4 million dollars. The letter also outlines the leasing commitment terms and potential for the University to purchase the building after seven years.

President Smart shared that the letter of intent gives the University confidence and momentum to continue with phase II and III of the original expansion plan to JVIC and that the University will continue to work on the master agreement with Vecino. President Smart then thoroughly outlined the risks associated with the letter which included, but are not limited to, being unable to sell the new market tax credits, not receiving state funding, the project runs out of money or goes over budget, or that the University will be unable to purchase the building back at the end of the seven years. The board asked questions about these risks and discussed and analyzed the risks associated with the transaction in detail. The letter of intent was created to protect the University, outlining terms with major elements.

Per the recommendation of Mr. Gabriel Gore, Board members will review the letter of intent and resolution prior to the regular meeting later in the day. Additional discussion and a formal vote will take place at the regularly scheduled Board meeting.

6. Year to Date Financial Review – Mr. Foucart reported the year to date financials through October 2019. He noted that in FY20 there was a slight increase in net position but that the University is tracking slightly below last year. Missouri State University West Plains is tracking well and down in expenses. He stated that overall the budget is tracking well, and the University is in a strong financial position.

7. Facilities Update – Mr. Matt Morris, Vice President for Administrative Services, provided an update on facilities and construction projects. A presentation with photos of updates was shown. The Cooperative Engineering Expansion and the eFactory Business Incubator Expansion at the Robert W. Plaster Center for Free Enterprise is a 30,000 square foot addition that is in process. The project is funded 25% from the University and 75% from grants and external sources. The 14,000 square foot classroom addition to McQueary Hall is funded 40% from private funds and 60% from the State of Missouri through MoExcels funding. The 21,000 square foot multi-purpose addition at Greenwood Laboratory School is a $6.4 million dollar project funded 50% from the University and 50% by private donations. This project is in process and is expected to be completed by fall of 2020. The


developer led residence hall, Holland House, is a .92 acre site that includes a 7 story unit featuring 285 parking spaces and 402 beds. Bryan Properties is overseeing the project and making progress. The Ozarks Educational Center at Bulls Shoals Field Station is a $2.2 million project that is funded 50% by the University and 50% by the State. This project is scheduled to be ready in spring 2020, as early as February 1. The 800 seat outdoor amphitheater on the West Plains campus was completed this past fall and the space was dedicated at an event on October 15, 2019.

8. Foundation Review – The Board commended Mr. Brent Dunn, Vice President for University Advancement, on a job well done for the It’s On! event held on October 26, 2019, that kicked off the Onward, Upward Campaign. Mr. Dunn reviewed gifts through November 2019. Annual gifts are tracking slightly down while one-time gifts and deferred commitments are up. Overall tracking slightly down but should be on track with an expected gift coming in January 2020.

9. Adjournment – Ms. Counts adjourned the Finance and Facilities Committee meeting at 10:20 a.m. on the motion of Mr. Gore, the second of Mr. Frazier, and the unanimous approval of the committee.

Rowena StoneSecretary to the Board


RECOMMENDED ACTION – Approval of bids and award of a contract to renovate the Graduate College

suite at Carrington Hall.

The following resolution was moved by _______________________________ and seconded

by ________________________:

BE IT RESOLVED by the Board of Governors for Missouri State University that the low bid

of Bales Construction Company, Inc. in the amount of Four Hundred Twenty-eight Thousand Eight

Hundred Twenty and 00/100ths dollars ($428,820.00) for the base bid plus alternates 1, 2, 3, & 4 to renovate

the Graduate College suite at Carrington Hall be accepted, approved, and awarded.

BE IT FURTHER RESOLVED that the financial plan be established as follows:

Project Budget

Consultant Fees $29,000.00

Construction Costs $428,820.00

Other Construction Costs $10,000.00

Project Administration $9,180.00

Construction Contingency $50,000.00

Furniture, Fixtures, and Equipment $100,000.00

Telecommunications $20,000.00

Relocation Costs $8,000.00

Total Project Budget $655,000.00

Funding Source

Graduate College Suite Renovation budget $655,000.00

Total Funding Source $655,000.00

BE IT FURTHER RESOLVED that this be paid from the Graduate College Suite Renovation

budget funded by One-Time Funding – Graduate College, One-Time Funding – Provost, and Maintenance

and Repair – Operating budgets.

BE IT FURTHER RESOLVED that the Vice President for Administrative Services or the

University Architect and Director of Planning, Design & Construction be authorized to sign the agreement

with the selected contractor, incorporated herein by reference, and perform those acts necessary to carry

out and perform the terms of the agreement. With approval of the above project budget, authorization is

also provided to further sign agreements or amendments to existing agreements directly related to this

project as long as the approved project budget is not exceeded.

VOTE: AYE_________

NAY_________

COMMENTS:

The bid received on this project is as follows:

IV.A.


Contractor Base Bid Alt. 1 Alt. 2 Alt. 3 Alt. 4Total (Base Bid +

Alt. 1, 2, 3, & 4)

Bales Construction Company, Inc. $396,800.00 $7,408.00 $4,253.00 $16,990.00 $3,369.00 $428,820.00

MSI Constructors $412,000.00 $11,300.00 $4,670.00 $21,200.00 $4,300.00 $453,470.00

Reasbeck Construction, Inc. $436,587.00 $6,820.00 $4,125.00 $18,265.00 $1,745.00 $467,542.00

Carson-Mitchell, Inc. $461,500.00 $7,471.00 $4,392.00 $16,700.00 $2,100.00 $492,163.00

Kenmar Construction, Inc. $507,000.00 $10,506.00 $4,234.00 $15,223.00 $1,512.00 $538,475.00

This project renovates the existing space for the Graduate College, rooms 306 and 308 in Carrington Hall.

Mechanical and electrical updates will be addressed along with new walls, doors, ceilings, and finishes.

Work is scheduled to be completed during the summer of 2020.

Alternate 1 installs a new hollow metal frame with sidelight to private office doors. Alternate 2 replaces

the existing main entry door, frame, and hardware. Alternate 3 removes the existing ceiling tile and installs

new acoustical ceiling tiles, new light fixtures, and a heating ventilation and air conditioning unit. Alternate

4 installs a new soffit at rooms 306A, 306B, and 306C.

Other construction costs include asbestos abatement of tile, mastic, and pipe insulation prior to the start of

construction.

This project will be paid from the Graduate College Suite Renovation budget funded by One-Time Funding

– Graduate College ($600,000.00), One-Time Funding – Provost ($37,000.00), and Maintenance and

Repair – Operating ($18,000.00) budgets.


Missouri State University

Statement of Revenues, Expenses and Changes in Net Position - unaudited

All Funds

Current YTD Prior YTD % Increase/

December 31, 2019 December 31, 2018 (Decrease) to Prior YTD

Operating Revenue

Tuition and fees 96,574,596.59$ 97,609,011.15$ -1.06%

Scholarships and fellowships (38,757,462.42) (39,845,836.28) -2.73%

Grants and contracts 20,380,086.97 19,091,382.30 6.75%Other revenues 38,199,748.94 38,629,955.72 -1.11%

Total Operating Revenue 116,396,970.08 115,484,512.89 0.79%

Operating Expenses

Salaries 82,249,396.52 80,078,676.29 2.71%

Benefits 27,881,034.18 27,587,724.98 1.06%

Utilities 3,515,847.30 3,063,411.97 14.77%Supplies and services 37,948,828.86 36,372,305.83 4.33%

Total Operating Expenses 151,595,106.86 147,102,119.07 3.05%

Operating Income (Loss) (35,198,136.78) (31,617,606.18)

Other Non-operating Revenues (Expenses)

State appropriations 45,590,514.00 40,740,516.00 11.90%

State appropriations-capital 497,379.17 -

Federal Pell grants to students 12,607,884.49 13,929,591.34 -9.49%

Gifts 4,693,868.13 2,159,728.07 117.34%

Other (309,553.44) 3,217,753.58 -109.62%Debt Service Transfers (0.00) -

Increase (Decrease) in Net Position Before Operating Transfers 27,881,955.57 28,429,982.81 -1.93%

Operating Transfers, net 0.00 0.00

Increase (Decrease) in Net Position 27,881,955.57$ 28,429,982.81$ -1.93%

V.




Operating Funds

Current YTD Prior YTD FY2020 Current YTD % Increase/

December 31, 2019 December 31, 2018 Budget % of Budget (Decrease) to Prior YTD

Operating Revenue

Tuition and fees 76,729,556.54$ 77,395,541.98$ 139,988,339.50$ 54.8% -0.86%

Scholarships and fellowships (13,768,707.59) (13,832,141.65) (27,911,903.00) 49.3% -0.46%

Grants and contracts 23,881.95 21,480.46 150,000.00 15.9% 11.18%

Other revenues 1,200,310.16 1,009,576.99 1,853,674.00 64.8% 18.89%

Total Operating Revenue 64,185,041.06 64,594,457.78 114,080,110.50 56.3% -0.63%

Operating Expenses

Salaries 58,440,444.64 57,676,278.57 113,330,662.54 51.6% 1.32%

Benefits 20,689,623.92 21,056,660.18 45,172,818.30 45.8% -1.74%

Utilities 2,456,584.07 2,121,868.17 5,310,011.00 46.3% 15.77%

Supplies and services 13,709,363.82 14,259,989.77 31,220,844.88 43.9% -3.86%

Total Operating Expenses 95,296,016.45 95,114,796.69 195,034,336.72 48.9% 0.19%

Operating Income (Loss) (31,110,975.39) (30,520,338.91) (80,954,226.22)


State appropriations 41,615,016.00 37,090,770.00 83,230,032.00 50.0% 12.20%

Gifts 193,622.40 327,654.50 861,151.00 22.5% -40.91%

Other 2,103,921.89 1,586,753.36 3,645,983.00 57.7% 32.59%

Debt Service Transfers (2,445,934.35) (1,151,034.48) (3,143,025.00) 77.8% 112.50%

Increase (Decrease) in Net Position Before Operating Transfers 10,355,650.55 7,333,804.47 3,639,914.78 41.20%

Operating Transfers, net (9,032,532.30) (4,000,339.25) (4,504,624.00)

Increase (Decrease) in Net Position 1,323,118.25$ 3,333,465.22$ (864,709.22)$

Footnotes:

Key Variances to Prior Year:

Debt Service Transfers: Increase due to Brick City Bond Payment, principal payment in September and Steinway lease payment

Supplies and services: Reduced costs due to Brick City purchase and elimination of lease.

Operating Transfers, net: Increase due to funding 50/50 share of Greenwood Project $3.2 million, and renovations to McQueary and Plaster Center (E-Factory)




Designated Funds

Current YTD Prior YTD % Increase/

December 31, 2019 December 31, 2018 (Decrease) to Prior YTD

Operating Revenue

Tuition and fees 10,615,592.32$ 10,550,725.29$ 0.6%

Scholarships and fellowships (731,574.38) (628,580.92) 16.4%

Grants and contracts 1,017,000.32 1,451,511.50 -29.9%

Other revenues 10,703,524.33 9,822,032.37 9.0%

Total Operating Revenue 21,604,542.59 21,195,688.24 1.9%

Operating Expenses

Salaries 7,340,388.59 6,913,148.40 6.2%

Benefits 2,230,782.87 1,988,661.27 12.2%

Utilities (32,680.47) (57,052.71) -42.7%

Supplies and services 6,649,884.84 6,263,726.92 6.2%

Total Operating Expenses 16,188,375.83 15,108,483.88 7.1%

Operating Income (Loss) 5,416,166.76 6,087,204.36


State appropriations 736,638.00 736,638.00 0.0%

Gifts 339,856.98 397,000.61 -14.4%

Other 206,286.08 57,545.06 258.5%

Debt Service Transfers (1,666,564.62) (1,619,715.31)

Increase (Decrease) in Net Position Before Operating Transfers 5,032,383.20 5,658,672.72

Operating Transfers, net 1,761,301.37 (743,939.41)

Increase (Decrease) in Net Position 6,793,684.57$ 4,914,733.31$




Auxiliary Funds



Operating Revenue

Tuition and fees 6,364,641.80$ 6,846,395.94$ 12,322,446.00$ 51.7% -7.04%

Scholarships and fellowships (3,152,663.48) (3,117,851.89) (5,906,738.00) 53.4% 1.12%

Grants and contracts 56,500.00 53,500.00 10,000.00 Other revenues 25,427,757.85 26,523,554.61 47,711,059.00 53.3% -4.13%


Operating Expenses

Salaries 9,627,985.46 9,143,908.35 20,515,596.04 46.9% 5.29%

Benefits 2,868,675.19 2,669,995.77 5,943,502.22 48.3% 7.44%

Utilities 912,721.87 914,499.31 2,574,830.00 35.4% -0.19%

Supplies and services 10,514,287.72 11,121,039.71 20,575,172.00 51.1% -5.46%


Operating Income (Loss) 4,772,565.93 6,456,155.52 4,527,666.74


State appropriations - - -

Gifts 984,710.00 1,401,154.47 4,744,951.00 20.8% -29.72%

Other 103,474.11 41,777.31 43,500.00 237.9% 147.68%

Debt Service Transfers (5,951,998.29) (5,071,179.46) (12,687,644.88) 46.9% 17.37%

Increase (Decrease) in Net Position Before Operating Transfers (91,248.25) 2,827,907.84 (3,371,527.14) -103.23%

Operating Transfers, net 449,376.57 (1,936,313.58) 2,552,062.44

Increase (Decrease) in Net Position 358,128.32$ 891,594.26$ (819,464.70)$




West Plains Operating and Auxiliaries



Operating Revenue

Tuition and fees 2,856,212.93$ 2,815,562.94$ 4,545,939.00$ 62.8% 1.44%

Scholarships and fellowships (281,519.49) (257,912.17) (496,000.00) 56.8% 9.15%

Grants and contracts 5,363.00 300.00 -

Other revenues 868,156.60 1,016,555.38 1,850,402.00 46.9% -14.60%


Operating Expenses

Salaries 3,665,690.30 3,403,395.20 7,010,840.38 52.3% 7.71%

Benefits 1,263,138.20 1,136,312.25 2,303,876.90 54.8% 11.16%

Utilities 179,221.83 160,614.70 326,984.00 54.8% 11.58%

Supplies and services 1,308,691.94 1,223,243.56 2,478,347.30 52.8% 6.99%


Operating Income (Loss) (2,968,529.23) (2,349,059.56) (6,219,707.58)


State appropriations 3,238,860.00 2,913,108.00 6,577,715.00 49.2%

Gifts 60,846.00 32,309.49 45,000.00 135.2% 88.32%

Other 48,634.33 38,993.05 90,150.00 53.9% 24.73%

Debt Service Transfers (75,272.56) (74,687.95) (111,704.29) 67.4% 0.78%

Increase (Decrease) in Net Position Before Operating Transfers 304,538.54 560,663.03 381,453.13 -45.68%

Operating Transfers, net 48,190.90 (35,849.37) -

Increase (Decrease) in Net Position 352,729.44$ 524,813.66$ 381,453.13$



Statement of Net Position - unaudited

All Funds

December 31, 2019 December 31, 2018

Assets

Cash, cash equivalents and investments 201,729,471.09$ 179,309,970.27$

Receivables, net of allowance for doubtful accounts 11,641,178.56 12,567,957.64

Interfund receivables (payables) 0.00 -

Inventories 6,275,479.98 6,340,907.32

Other assets 1,860,196.17 1,676,780.70

Fixed Assets & CIP 992,846,708.54 953,899,009.74

Accumulated depreciation (419,650,756.55) (392,190,621.67) Deferred outflows of resources related to pension 77,346,458.00 88,295,305.69

Total Assets 872,048,735.79$ 849,899,309.69$

Liabilities

Accounts payable/other 2,146,647.34$ 3,117,439.13$

Accrued salaries 18,630,379.54 17,784,348.17

Deferred revenue 11,104,925.50 8,352,486.45

Net pension & OPEB liability 287,906,147.00 270,751,269.00

Deferred inflow of resources related to pension & OPEB 7,652,922.00 5,154,608.00 Notes, bonds and leases payable 189,375,112.61 173,918,764.38

Total Liabilities 516,816,133.99$ 479,078,915.13$

Net Position 355,232,601.80 370,820,394.56

Total Liabilities and Net Position 872,048,735.79$ 849,899,309.69$


MISSOURI STATE UNIVERSITY FOUNDATION

INCOME SUMMARY TOTALS BY TYPE AND SOURCE

07/01/2019 TO 12/31/2019

UNRESTRICTED RESTRICTED GIFTS OF NON-GIFT TOTAL 07/01/2019 TOTAL 07/01/2018

SOURCE CURRENT CURRENT ENDOWMENT PROPERTY INCOME* TO 12/31/2019 TO 12/31/2018

ALUMNI $37,498 $3,827,013 $548,322 $71,105 $331,284 $4,815,222 $2,474,590

FRIENDS 10,747 1,008,808 261,940 25,904 301,687 $1,609,086 1,952,778

PARENTS 2,080 55,401 9,290 373 26,200 $93,344 108,621

FOUNDATIONS 450 564,632 52,250 0 0 $617,332 498,938

ORGANIZATIONS 5,654 778,739 1,197,671 3,117 7,500 $1,992,681 724,406

BUSINESSES 17,578 667,340 66,937 291,459 662,322 $1,705,636 3,050,035

GIFT TOTAL $74,007 $6,901,933 $2,136,410 $391,958 $1,328,993 $10,833,301 $8,809,368

*Per the Tax Cuts and Jobs Act, the US Tax reform bill signed into law effective in 2019, income recieved from athletics seat assessments and suites are no longer tax deductible.

Income received for seat assessments and suites is included in this column.

DEFERRED GIFT COMMITMENTS

UNRESTRICTED RESTRICTED GIFTS OF TOTAL 07/01/2019 TOTAL 07/01/2018

CURRENT CURRENT ENDOWMENT PROPERTY TO 12/31/2019 TO 12/31/2018

DEFERRED GIFTS 25,000 225,000 18,031,061 0 18,281,061$ 3,220,522$

GRAND TOTAL FOR TESTAMENTARY GIFTS YET TO BE RECEIVED: $60M

NUMBER OF NUMBER OF

DONORS DONORS

7/1/2019 7/1/2018

TO 12/31/2019 TO 12/31/2018

ALUMNI 4,284 4,476

FRIENDS 8,129 8,409

PARENTS 854 1,062

FOUNDATIONS 30 38

ORGANIZATIONS 186 142

BUSINESSES 560 510

TOTAL 14,043 14,637

VI.


Report of Gifts

to the

Missouri State University Foundation

Monthly and Year-to-Date

MONTHLY YEAR-TO-DATE

Designations Designations Totals for Running

under $1,000 $1,000 and over December Totals

Year No. Amount No. Amount No. Amount No. Amount Year

Annual FY 19 6,079 $266,418 208 $1,166,221 6,287 $1,432,639 33,865 $5,672,488 FY 19

Gifts FY 20 7,458 $261,712 228 $1,191,686 7,686 $1,453,398 34,625 $4,388,501 FY 20

Special FY 19 96 $7,953 26 $565,826 122 $573,779 986 $1,976,636 FY 19

Campaigns FY 20 35 $8,367 20 $3,162,308 55 $3,170,675 753 $4,428,946 FY 20

One Time FY 19 0 $0 25 $135,855 25 $135,855 83 $1,160,244 FY 19

Gifts FY 20 0 $0 18 $417,198 18 $417,198 59 $2,015,854 FY 20

FY 19 6,175 $274,371 259 $1,867,902 6,434 $2,142,273 34,934 $8,809,368 FY 19

TOTALS FY 20 7,493 $270,079 266 $4,771,192 7,759 $5,041,271 35,437 $10,833,301 FY 20


MISSOURI STATE UNIVERSITY FOUNDATION

INCOME SUMMARY TOTALS BY TYPE AND SOURCE

07/01/2019 TO 01/31/2020

UNRESTRICTED RESTRICTED GIFTS OF NON-GIFT TOTAL 07/01/2019 TOTAL 07/01/2018

SOURCE CURRENT CURRENT ENDOWMENT PROPERTY INCOME* TO 01/31/2020 TO 01/31/2019

ALUMNI $42,154 $3,888,936 $555,865 $71,105 $353,582 $4,911,642 $2,601,547

FRIENDS 11,393 1,130,924 278,444 25,905 324,070 $1,770,736 2,085,176

PARENTS 2,115 63,736 9,480 373 26,200 $101,904 143,310

FOUNDATIONS 950 1,803,061 52,350 0 $1,856,361 512,769

ORGANIZATIONS 5,679 861,748 1,247,680 3,116 7,500 $2,125,723 793,035

BUSINESSES 17,760 707,193 72,537 291,459 781,072 $1,870,021 3,126,236

GIFT TOTAL $80,051 $8,455,598 $2,216,356 $391,958 $1,492,424 $12,636,387 $9,262,073

*Per the Tax Cuts and Jobs Act, the US Tax reform bill signed into law effective in 2019, income recieved from athletics seat assessments and suites are no longer tax deductible. Income received for seat assessments and suites is included in this column.

DEFERRED GIFT COMMITMENTS

UNRESTRICTED RESTRICTED GIFTS OF TOTAL 07/01/2019 TOTAL 07/01/2018

CURRENT CURRENT ENDOWMENT PROPERTY TO 01/31/2020 TO 01/31/2019

DEFERRED GIFTS 25,000 225,000 18,031,061 0 18,281,061$ 3,220,522$

GRAND TOTAL FOR TESTAMENTARY GIFTS YET TO BE RECEIVED: $60M

NUMBER OF NUMBER OF

DONORS DONORS

7/1/2019 7/1/2018

TO 01/31/2020 TO 01/31/2019

ALUMNI 4,501 4,708

FRIENDS 8,517 8,803

PARENTS 917 1,134

FOUNDATIONS 35 42

ORGANIZATIONS 201 157

BUSINESSES 587 698

TOTAL 14,758 15,542


Report of Gifts

to the

Missouri State University Foundation

Monthly and Year-to-Date

MONTHLY YEAR-TO-DATE

Designations Designations Totals for Running

under $1,000 $1,000 and over January Totals

Year No. Amount No. Amount No. Amount No. Amount Year

Annual FY 19 5,082 $150,655 46 $176,199 5,128 $326,854 38,993 $5,999,342 FY 19

Gifts FY 20 5,203 $121,750 53 $294,102 5,256 $415,852 39,883 $4,812,462 FY 20

Special FY 19 48 $9,010 13 $61,591 61 $70,601 1,047 $2,047,237 FY 19

Campaigns FY 20 36 $6,631 12 $334,352 48 $340,983 803 $4,769,929 FY 20

One Time FY 19 0 $0 7 $55,250 7 $55,250 90 $1,215,494 FY 19

Gifts FY 20 0 $0 9 $1,038,142 9 $1,038,142 66 $3,053,996 FY 20

FY 19 5,130 $159,665 66 $293,040 5,196 $452,705 40,130 $9,262,073 FY 19

TOTALS FY 20 5,239 $128,381 74 $1,666,596 5,313 $1,794,977 40,752 $12,636,387 FY 20


VII.

RECOMMENDED ACTION - Resolution authorizing closed meeting

The following resolution was moved by and seconded

by :

BE IT RESOLVED by the Board of Governors for the Missouri State University that a closed meeting, with closed records and closed vote, be held during a recess of the Finance and Facilities Committee of the Board of Governors to consider items pursuant to

A. R.S.Mo. 610.021(1). “Legal actions, causes of action, or litigation involving a public governmental body...”

B. R.S.Mo. 610.021(2). “Leasing, purchase or sale of real estate by a public governmental body...”

C. R.S.Mo. 610.021(3). “Hiring, firing, disciplining or promoting of particular employees by a public governmental body...”

D. R.S.Mo. 610.021(6). “Scholastic probation, expulsion, or graduation of identifiable individuals...”

E. R.S.Mo. 610.021(9). “Preparation, including any discussions or work product, on behalf of a public governmental body or its representatives for negotiations with employee groups;”

F. R.S. Mo. 610.021(11) and (12). “Specifications for competitive bidding...;” and “Sealed bids and related documents...;”

G. R.S.Mo. 610.021(13). “Individually identifiable personnel records, performance ratings or records pertaining to employees or applicants for employment,...”

H. R.S.Mo. 610.021(14). “Records which are protected from disclosure by law;” and

I. R.S.Mo. 610.021(17). “Confidential or privileged communications between a public governmental body and its auditor,....”

VOTE:____AYE

NAY


Documents

Board of Governors' Finance and Facilities Committee Meeting › assets › agendas › BOG.Agenda... · 2020-02-18 · Board of Governors' Finance and Facilities Committee Meeting