AHECB Finance Committee Meeting

1. AHECB Finance Committee Meeting April 26, 2013

2. Chandra Robinson Program Coordinator, Institutional Finance Agenda item no. 3:Economic Feasibility of a bond issue for Arkansas TECH University

3. Relevant Information • $1.75 million for 30 years @ a rate not to exceed 5.25% • Bonds will be serviced using auxiliary revenue • Auxiliary purposes • Proceeds will be used to renovate and expand Chambers Cafeteria on the campus of Arkansas Tech University • Based on 36,997 gross square feet, $46,246 will be transferred annually for maintenance. (36,997 x $1.25 = $46,246)

4. Callan Callaway Program Coordinator, Institutional Finance Agenda item no. 4:Economic Feasibility of a bond issue for COSSATOT COMMUNITY COLLEGE OF THE University of Arkansas

5. Relevant Information • $4.15 million for 30 years @ a rate not to exceed 4.0% • Bonds will be serviced using tuition & fee revenue • Educational and general purposes • Proceeds from this new bond issue will be used to acquire certain properties and educational facilities in Howard County, Arkansas through the exercise of an option to purchase and pay off the remainder of the capital lease previously issued by a third party.

6. Callan Callaway Program Coordinator, Institutional Finance Agenda item no. 5:Economic Feasibility of a LOAN issue for THE UNIVERSITY OF CENTRAL ARKANSAS

7. Relevant Information • $3 million for 15 years @ a rate not to exceed 5.0% • Loan will be serviced with revenue from skybox lease holders and NCAA revenue • Auxiliary purposes • Proceeds will be used to defease debt held by the University of Central Arkansas Foundation to fund projects benefitting the University including the Skybox and Weight Training Facility • Based on 13,523 square feet $16,904 will be transferred to plant funds annually. (13,523 x $1.25 = $16,904)

8. Tara Smith Senior Associate Director, Institutional Finance Agenda item no. 6:PERFORMANCE BASED FUNDING (OUTCOMES-CENTERED) RESULTS

9. Universities Methodology • Total Possible Points = 10 • To reach the goal of doubling the number of degrees, a goal of bachelor's& all credentials awarded is calculated based on the current proportional share of degrees awarded statewide. The goal is increased annually from the base year of 2009-10 by 4.73% to provide the needed increase toward the overall state goal of doubling the number of degrees • The remaining measures compare average of the most recent 2 years to an average of the previous 3 years • Compensatory points for percentage of Pell receiving undergraduates may be added to the total points, but cannot increase the total points above 10.

10. Universities • Mandatory Measures – maximum of 4 points • Bachelor Credentials (up to 1 point) • Total Credentials (up to 1 point) • STEM Credentials (up to 1 point) • Progression(up to 1 point) • Optional Measures – maximum of 6 points • Minority Credentials (1 point) • Non-Traditional Credentials (1 point) • Remedial Credentials (1 point) • Transfer Student Credentials (1 point) • Course Completion (1 point) • External Grants & Awards (1 point) • Regional Economic Needs Credentials (1 point) • Compensatory Measure – up to 1 point • % of Low Income Students

11. Universities - Results

12. Colleges Methodology • Total Possible Points = 10 • Compares average of the most recent 3 years to an average of the most recent 5 years • Compensatory points for special populations (based on percentage of enrollment) may be added to mandatory total

13. Colleges • Mandatory Measures – maximum of 6 points • Course Completion • Remedial (.5 point) • Non-Remedial (.5 point) • Progression (1 point) • Credentials • Certificates of Proficiency (.5 point) • Technical Certificates (.5 point) • Associate Degrees (1 point) • Total Credentials (rate) (2 points) • Compensatory • Low-Income (up to 1 point) • Underprepared (up to 1 point) • Region/Mission Measures – maximum of 4 points • STEM Credentials (up to 2 points) • High Demand Credentials (up to 2 points) • Adult Credentials (up to 2 points) • Minority Credentials (up to 2 points) • Transfer Students (up to 2 points) • Workforce Training (up to 2 points)

14. Colleges - Results

15. Cynthia Moten Associate Director, Academic Affairs Agenda item no. 7New programNORTHWEST ARKANSAS COMMUNITY COLLEGE

16. Technical Certificate & Associate of Applied Science Health Information Management • Health information technicians and coders organize and manage health information data by ensuring its accuracy, accessibility, and security in both paper and electronic systems. • Program graduates will be eligible to sit for the Registered Health Information Technology examination.

17. Cynthia Moten Associate Director, Academic Affairs Agenda item no. 8NEW PROGRAMRICH MOUNTAIN COMMUNITY COLLEGE

18. Cosmetology Technical Certificate • Program graduates will qualify to take the cosmetology exam for Arkansas licensure. • A cosmetology program is offered in Nashville approximately 60 miles from Mena.

19. Cynthia Moten Associate Director, Academic Affairs Agenda item no. 9NEW PROGRAMSouthern Arkansas University-MAGNOLIA

20. Bachelor of Fine Arts Game, Animation and Simulation • Program designed to provide students the skills and knowledge necessary to design, develop, and produce multi-media projects for the entertainment, commercial, educational, criminal justice, medicine, and community and national security fields. • Students will be employed as graphic designers, industrial designers, and multimedia artists.

21. Cynthia Moten Associate Director, Academic Affairs Agenda item no. 10New programUNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES

22. Doctor of Philosophy in Epidemiology • The PhD in Epidemiology degree is designed to: educate researchers in the causes of diseases; health outcomes such as cancer, cardiovascular diseases, diabetes, and obesity; and identify the factors that influence their occurrences. • The PhD in Epidemiology is supported by UAMS Colleges of Public Health, Medicine, Pharmacy, and Nursing; and the Institutes of Cancer, Translational Research, Aging, Psychiatric Research, Spine & Neuroscience, Eye, and Myeloma.

23. Cynthia Moten Associate Director, Academic Affairs Agenda item no. 11 ICAC RESOLUTIONS

24. Institutional Certification Advisory Committee (ICAC) 16 Colleges and Universities 66 Programs 5 New Institutions Initial Degree Certifications, Distance Technology • American University, Washington, D.C.– 1 Degree, 1 Certificate • National University, La Jolla, California – 7 Degrees • Trident University International, Cypress, California –4 Degrees • University of Missouri, Columbia, Missouri –7 Degrees • University of New Haven, West Haven, Connecticut –1 Degree

25. Previously Certified Institutions Initial Certifications – Distance Technology • American Sentinel University, Aurora, Colorado– 9 Degrees • Argosy University, Orange, California – 4 Degrees • Arizona State University, Scottsdale, Arizona – 8 Degrees • Bryan University, Springfield, Missouri –2 Degrees • Franklin University, Columbus, Ohio– 4 Degrees • Jones International University, Centennial, Colorado– 3 Degrees • National American University, Rapid City, South Dakota– 3 Degree • Nova Southeastern University, Fort Lauderdale, Florida– 3 Degrees • Savannah College of Art and Design, Savannah, Georgia– 5 Degrees • South University, Savannah, Georgia– 3 Degrees • University of Southern California, Los Angeles, California – 1 Degree

26. Cynthia Moten Associate Director, Academic Affairs Agenda Items no. 12 & 13Letters of Notification & Intent

27. Letters of NotificationLetters of Intent Letters of Notification • Programs approved by the ADHE Director • Programs must be included on the AHECB agenda prior to initiation • Programs are reasonable and moderate extensions of existing certificates and degrees Letters on Intent • Notification of institutional plans to offer new programs or organizational units that require Coordinating Board approval • Chief academic officers and chief executive officers can comment on the proposals before consideration by AHECB

28. AHECB Meeting April 26, 2013

29. Shane Broadway Interim Director Agency Overview

30. ADHE Employee Changes • Resignations • Scott Zielstra • Program Specialist Zielstra

31. Institutional Leadership • University of Arkansas Pine Bluff • Dr. Laurence Alexander, Chancellor • Beginning July 1, 2013 • Williams Baptist College • Dr. Tom Jones, President • Beginning June 2013 Alexander Jones

32. Legislative Updates ADHE Appropriation Bill, SB122: • Higher Education Grant Fund • Governor’s Scholars Program • Performance Funding Other: • Big River Steel • Private Option-Insurance Exchange

33. Legislative Updates Financial Aid: • HB1295/Act 234 Sponsor Gilliam: Award amounts for Challenge: Universities $2,000 for first year, $3,000 for second year, $4,000 for third year and $5,000 for fourth year. Colleges $2,000 first year, $2,000 second year • SB997/Act 1173 Sponsor Key: Arkansas Academic Challenge Clean-up bill-define Arkansas resident thoroughly, change 130/66 hours to 8 semesters/5 semesters, additional reporting by ADHE, allow flexibility for programs that do not allow students to take the required hours in a semester (i.e. nursing students due to clinical course work, etc.) • SB1184/Act 1269 Sponsor Files: Report by ADHE on Challenge Applicants based on race, income, ACT score, and GPA • HB 1489/Act 1106 Sponsor Hammer: Academic Challenge, if a student does not earn any credit hours towards graduation their scholarship is not granted the next semester. • SB 1002/Act 1263 Sponsors Thompson, Ratliff: GED and Academic Challenge • HB1438/Act 416 Sponsor Sheperd: Adds National Hispanic Recognition Program to the Governor’s Scholars Program • HB1629/Act 512 Sponsor Clemmer: Ensure Governor’s Distinguished Scholar weighting system is fair to all students. • SB712/Act 957 Sponsor Hendren: Increase accessibility for armed forces members

34. Legislative Updates Misc. Higher Education Bills: • SB816/Act 1082 Sponsor Elliott: Creates the 2025 Legislative Commission on the Future of Higher Education • HB1838/Act 585 Sponsor Carnine: Creates the Council on Postsecondary Education and Career Readiness; the council will create a method to reduce remediation by 50% of high school graduates entering college by the year 2020 and several other higher education endeavors • HB1863 Sponsor Clemmer: Requires reporting on teacher preparation programs • HB1896/Act 1479 Sponsor Clemmer: Requires a joint study by ADE and ADHE on the testing and remediation of entering freshmen • SB812/Act 533, Sponsors Hutchinson, Carnine: Amends the language for Director of the Arkansas Department of Higher Education as follows: “the director and other staff employed by the board shall demonstrate competence in the field of institutional management or agency management, institutional finance, financial aid, or institutional research. The director shall exhibit advanced coordination and communication skills.” • HB1243/Act 226 Sponsor Collins: Conceal carry on campus • HB1714/Act 1462 Sponsor Word: College Readiness

35. Career Pathways • Federally-funded program will face a budget reduction next fiscal year.