ACC Approves Reserve Funding
The Alvin Community College Board of Regents voted to convert $3.6 million in unrestricted funds to a capital reserve account during their meeting on March 27.
An additional $429,266 was transferred to the institutional reserve accounts. The reserve funds are set aside to ensure the college has five months of operational revenue on hand for contingency planning.
In other action, regents approved a renewal for the college’s property insurance with Gallegher Insurance. The policy cover’s 100 percent of the college’s value and includes protection for a variety risks including property damage, effects of a cybersecurity breach, workers’ compensation, auto liability and property valuations.
The new policy includes a $100,000 deductible and will go into effect on April 1.
Vice President of Instruction Dr. Crystal Lee and Vice President of Workforce and Strategic Initiatives Dr. Stacy Ebert presented a report to the board evaluating the degree and certificate programs at ACC. The report showed that a majority of students, 54 percent, are enrolled in Associate’s of Arts Degrees while 42 percent are enrolled in Associate’s of Science or Applied Science.
The percentage of students enrolled in Science degree programs has increased 22 percent in the past two school years. Career and technical program enrollment growth over the past 10 years has surpassed the standards established by the Texas Higher Education Coordinating Board.
The programs with the highest amount of growth include Nursing, Process Technology, Business Management and Administration, Law Enforcement, Drafting/Industrial Design and more.
Regents also:
-approved a contract renewal with Gallagher Insurance
-approved monthly financial reports
-heard updates on Strategic Goal implementation
-approved a $130,000 contract with DataVox for upgraded security cameras
The board will have its next meeting on April 24 at 6 p.m. in the Nolan Ryan Center.