Quincy Reporter

John Wood Community College Board of Trustees Finance Committee met April 28.

Here is the minutes provided by the board:

The Finance Committee met at 3:00 p.m., at the John Wood Community College.  Present were Randy Greenwell and Andy Sprague (via Zoom); trustees, Josh Welker; Dean of Business Services & Institutional Effectiveness, and Mike Elbe; president, Nora Klingele, director of fiscal services, and Jenny Venvertloh; note taker.  

•Bills for Payment - The bills were reviewed and will be recommended for payment.   

• Approval of Travel Requests – The committee reviewed the out of district travel forms that have been submitted and recommended them for approval.  

•Financials - The financials were reviewed and will be recommended for approval.  

•Board Budget – The budget was reviewed.  

•President’s Expense Account – Expenses were reviewed.

•Review & Discuss Investments - The investment report was reviewed.  The College obtained three new CD’s and those are listed on the report.  We are currently not placing any new CD’s in the Raymond James account, and have moved the cash in the Raymond James account along with the IL Fund to our checking account.

Below is the interest income for the past ten-year history across all funds:

2012$60,258.31

2013$61,607.90

2014$57,925.03

2015$62,057.38

2016$101,068.15

2017$116,437.49

2018$167,897.24

2019$340,532.90

2020$350,757.76

2021$119,907.64

•Board Items

 Aidex’s Fanuc Robotics Request for Proposal – Two proposals were received.  The recommendation requests the Board of Trustees authorize acceptance of the proposal and award to Aidex Corporation, in the amount of $33,900.  The Aidex proposal meets all specifications and is compatible with the current equipment and curriculum.  The Advance Technologies Consultants proposal did not include several options that would be needed to be able to incorporate the robot into the program. These options total $11,025 which would bring the total to $39,235.

 Tractor Bids – Two bids were received.  The recommendation requests the Board of Trustees authorize acceptance of the bid and award to Quincy Tractor, LLC, in the amount of $34,000 for a utility tractor to be used for groundskeeping.  We expected more bids, but many other vendors were not able to meet our deadline due to low inventory.

https://www.jwcc.edu/about/board-of-trustees/board-agendas-minutes/#board-of-trustees