OGLALA LAKOTA COLLEGE

Regular Board of Trustees
June 27, 2002

 

BOARD PRESENT               BOARD ABSENT            STAFF PRESENT             OTHERS

 

Newton Cummings                 Elaine Gibbons                        Tom Shortbull                                                

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 – 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 – 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 Board’s 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 Board’s 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 Board’s 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 – 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 – 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 – Monday , August 19, 2002 – 3:30 p.m. – Pine Ridge College Center

Program/Policy Meeting – Monday, August 19, 2002 – 5:00 p.m. – Pine Ridge College Center

Personnel Committee Meeting – Tuesday, August 20, 2002 – 5:00 p.m. – Piya Wiconi

Board of Trustees – Thursday, August, 2002 – 5:00 p.m. – 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