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MINUTES OF THE WORKSHOP AND REGULAR MEETING OF THE BOARD OF TRUSTEES

LONE STAR COLLEGE SYSTEM CENTRAL SERVICES AND TRAINING CENTER

TRAINING AND DEVELOPMENT CENTER BOARD ROOM 5000 RESEARCH FOREST DRIVE

THE WOODLANDS, TEXAS 77381-4356 October 10, 2013

5:00 p.m.

PRESENT: Dr. David Holsey, Chair Mr. Bob Wolfe, Vice Chair Ms. Priscilla Kelly, Secretary Mr. David Vogt, Assistant Secretary Ms. Linda Good Ms. Stephanie Marquard Dr. Kyle Scott Dr. Ron Trowbridge ABSENT: Mr. Robert Adam I. CALL TO ORDER: Dr. Holsey called the workshop and regular meeting of the Board

of Trustees to order at 5:08 p.m. after determining that a quorum was present. II. PLEDGE OF ALLEGIANCE: Mr. Vogt led the Board and guests in reciting the Pledge

of Allegiance. III. CERTIFICATION OF THE POSTING OF THE NOTICE OF THE MEETING:

Chancellor Carpenter confirmed that the Notice for the meeting had been properly posted. No action was required. A copy is attached as Exhibit “A”.

Mr. Wolfe entered the meeting at 5:10 p.m.

IV. INTRODUCTIONS, SPECIAL GUESTS AND RECOGNITIONS: Dr. Carpenter

introduced Craig Livingston, faculty senate president for LSC-Montgomery. V. CLOSED SESSION: At 5:15 p.m. Dr. Holsey convened the Board in closed session, in

accordance with Section 551.001 et. seq. of the Texas Government Code under one or more of the following provision(s) of the Act:

Section 551.071 - Consultation with Attorney Section 551.072 - Deliberation Regarding Real Property

Section 551.073 - Deliberation Regarding Prospective Gift Section 551.074 - Personnel Matters Section 551.076 - Deliberation Regarding Security Devices Section 551.087 - Economic Development Negotiations

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VI. RECONVENE REGULAR MEETING: Dr. Holsey reconvened the open meeting at

6:39 p.m. VII. WORKSHOP: Dr. Austin Lane introduced Ms. Maria Baños Jordan from the Texas

Familias Council which sponsors MCLatina and its scholarship initiative. She highlighted the impact that this group, in partnership with LSC-Montgomery, has on area Latina women. Scholarship recipients also gave their testimony about the program and scholarship and how it has impacted their lives.

VIII. APPROVAL OF THE MINUTES OF THE SEPTEMBER 5, 2013 WORKSHOP

AND REGULAR MEETING: upon a motion by Ms. Good and a second to the motion by Ms. Kelly, the board unanimously approved the minutes of the September 5, 2013 Public Hearing and Workshop and Regular Meeting.

IX. SPECIAL REPORTS AND ANNOUNCEMENTS:

1. Chancellor: Chancellor Carpenter spoke about the Cypress Center opening with over 1,300 students taking classes this fall. The Chancellor also highlighted the inaugural Texas Completion Summit presented by Texas Completes, the Texas Association of Community Colleges and Educate Texas. The Summit was attended by 265 participants from 36 community colleges, 3 universities and 6 foundations. Video recaps from the Cypress Center dedication and the Summit was shown.

2. College Presidents: Dr. Katherine Persson, president of LSC-Kingwood gave a presentation on Dual Credit at LSCS and the benefits to the student as well as to LSCS.

3. Vice Chancellors: None.

4. Faculty Senate Presidents: Dr. Clay White, faculty senate president LSC-CyFair, gave

a presentation on Study Abroad with Lone Star College. X. CONSIDERATION OF THE CONSENT AGENDA: Items number 1 and 2 were

removed from the agenda to be considered separately. Dr. Holsey proceeded with the Consent Agenda. Ms. Kelly made a motion to approve Action Items 3, 4, 5, 6, and 7. Mr. Vogt seconded the motion and the Board unanimously passed the Consent Agenda. A copy is attached as Exhibit “B”.

XI. POLICY REPORT AND CONSIDERATIONS:

1. Consideration of the Recommended Revisions of the Lone Star College System Board Policy C.2.01: Investment Management (FIRST READING): the board unanimously considered the recommended revisions of the Lone Star Board Policy C.2.01 Investment Policy. This constitutes a first consideration with a request for approval during the November Board meeting. A copy is attached as Exhibit “C”.

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2. Consideration of Approval of the Order Acknowledging all Board of Trustees to be Elected from Single Member Districts: (ACTION ITEM 1): upon a motion by Dr. Scott and a second by Ms. Kelly the board approved the Order (i) changing all Board of Trustees from being elected At Large to Single Member Districts; (ii) changing the General Election Date of the Board of Trustees from May of odd numbered years to November of even numbered years; and (iii) adjusting the Term of Office of each member of the Board of Trustees to conform to the new Election Date. Dr. Scott and Dr. Trowbridge opposed. A copy is attached as Exhibit “D”.

XII. FOUNDATION REPORT AND CONSIDERATIONS:

1. Ratify and Approve the Appointment of LSC Foundation Board Members (ACTION ITEM 2): upon a motion made by Dr. Scott and a second by Ms. Marquard the board ratifies and approves the appointment of the LSC Foundation Board members selected by the LSC Foundation Board of Directors at their June 25, 2013 meeting. Dr. Scott abstained. A copy is attached as Exhibit “E”.

XIII. FINANCIAL REPORTS AND CONSIDERATIONS:

1. Monthly Financial Statements: Ms. Cindy Gilliam, vice chancellor for administration and finance, presented the monthly financial statements for the month ended August 31, 2013. A copy is attached as Exhibit “F”.

2. Monthly Financial Statements: Ms. Cindy Gilliam, vice chancellor for administration

and finance, presented the quarterly and annual investment reports for the period ended August 31, 2013. A copy is attached as Exhibit “G”.

3. Consideration of Approval to Purchase Grocery Supplies for the System (ACTION

ITEM 3): the board unanimously approved the purchase of grocery supplies from The Premier Group Purchasing Organization/U. S. Food, Inc., 111 Alliant Drive, Houston, Texas 77032, for an estimated annual amount of $460,000 and a not-to-exceed amount of $920,000 over the next two years. This item was passed in the Consent Agenda. A copy is attached as Exhibit “H”.

4. Consideration of Approval for Memorandum of Understanding (MOU) with Houston

Community College (“HCC”) in Granting in-District Tuition and Fees to Residents of the Acres Homes Super Neighborhood (“AHSN”) who attend LSC and HCC centers, and authorize the Chancellor or Designee to Negotiate and Execute any Related Agreements (ACTION ITEM 4): the board unanimously approved an MOU between LSCS and HCC in providing in district tuition to residents of the AHSN that attend LSC-Victory Center. This item was passed in the Consent Agenda. A copy is attached as Exhibit “I”.

XIV. BUILDING AND GROUNDS REPORTS:

Construction Projects Update: the Board reviewed the report as presented. A copy is attached as Exhibit “J”.

Certification of Posting of Notice to the October 10, 2013 Workshop and Regular Meeting of the

Lone Star College System’s Board of Trustees

I, Richard Carpenter, Chancellor of the Lone Star College System, do hereby certify that a notice of this meeting was posted on Monday the 7th day of October, 2013 in a place convenient to the public in the Administration Office of the Central Services and Training Center, on all college campuses and on the system website as required by Section 551.002 et seq., Texas Government Code. Special notice of the meeting was provided to the news media as required by Section 551.001 et seq., Texas Government Code. Given under my hand this the 7th day of October, 2013.

Richard Carpenter Chancellor

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Exhibit "A"

Consideration of Consent Agenda Board Meeting 10-10-13 Consent Agenda:

A roll call of individual action items will determine the consent agenda. If a trustee has a question or plans to cast a negative vote regarding a specific recommendation, then the trustee/trustees need to acknowledge their intention to the Chair by show of hand during the roll call: this action item will be considered in the regular order of business as an individual action item. Those action items that the trustees plan to approve without further question or discussion will be placed on the consent agenda during roll call of individual action items. Upon the creation of the consent agenda, a motion, a second to the motion, and unanimous approval of the Board of Trustees is needed to approve the action items. Upon approval of the consent agenda, the Board of Trustees will proceed with the remainder of the agenda.

Rationale: The consent agenda format is an organization process for meetings that allows the

governing board to focus their time and attention on action items that require more elaboration, information, and/or discussion. The intent of the consent agenda is to support efficiency and effectiveness of the meeting.

Tally of Action Items: Chancellor Board

Consent Recommended Separate Agenda Separate Action Action

# 1 Approve Order/Acknow/BOT Elec/Single Mem Dist ______ ______ ______ # 2 Ratify and Approve Appt. of LSC Foundation Board ______ ______ ______ # 3 Approve Purchase of Grocery Supplies for System ______ ______ ______ # 4 Approve MOU w/HCC/indistrict/tuition/AHSN/Res/VC ______ ______ ______ # 5 Ratify Appointments ______ ______ ______ # 6 Accept Resignations ______ ______ ______ # 7 Approve Commissioning of Peace Officers ______ ______ ______

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Exhibit "B"

Policy Report and Consideration No. 1 (FIRST READING) Board Meeting 10-10-13 Request: Consideration of the Recommended Revisions of the Lone Star College

System Board Policy C.2.01: Investment Management (FIRST READING)

Chancellor’s Recommendation:

That the Board of Trustees review the recommended revisions of the Lone Star College System Board Policy C.2.01: Investment Management.

Rationale: Annually, the board must adopt the Investment Policy and Strategy as

required by both Board Policy C.2.01 Investment Management and the Government Code Section 2256.005(e) (Public Funds Investment Act). In conference with the System’s investment advisors, Valley View Consulting, LLP, the proposed Investment Policy would incorporate minor changes to current wording to better reflect day to day practices.

Fiscal Impact: None Staff Resource: Cindy Gilliam 832-813-6512

Brian Nelson 832-813-6655

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Exhibit "C"

LONE STAR COLLEGE SYSTEM

Investment Management

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LSCS Policy Manual Section adopted by the Board of Trustees on November 7, 2013. C.2.01 - Investment Management: It is the policy of the System that after allowing for the anticipated cash flow requirements of the System and giving due consideration to the safety and risk of investment, all available funds, as reported in the System’s annual financial report, shall be invested in conformity with this Investment Policy and governing statutes, seeking to safeguard assets, maintain liquidity and optimize investment earnings. Effective cash management is recognized as essential to good fiscal management and investment earnings serves as a source of revenue to the System. The System's investment portfolio shall be designed and managed in a prudent manner to obtain reasonable revenue within the limitations of the System's cash flow needs, to be responsive to public trust and to be in compliance with legal requirements and limitations. Investments shall be made with the following objectives in priority order:

1. Safety and preservation of principal; 2. maintenance of sufficient liquidity to meet operating needs; 3. diversification; 4. public trust; and 5. optimization of earnings in the portfolio (Yield).

This Investment Policy extends to all financial assets under the direct control of the System. C.2.02 - Purpose: The purpose of this Investment Policy is to comply with the Public Funds Investment Act set forth in Chapter 2256 of the Texas Government Code (the "Act"), which requires that the System annually adopt a written investment policy regarding the investment of its funds and funds under its control. This Investment Policy addresses the methods, procedures and practices that must be exercised to ensure effective and judicious fiscal management of the System's funds. C.2.03 - Strategy: The overall objective of the Investment Policy is to ensure that System financial assets are properly safeguarded, provide sufficient liquidity and diversification, and produce a reasonable rate of return while enabling the System to react to changes in economic and market conditions. The longer the maturity of investments, the greater the price volatility. Therefore, the System concentrates its investment portfolio in short and intermediate term investments to limit market risk caused by changes in interest rates. The System attempts to match its investments with anticipated cash flow requirements. Cash flow requirements generally divide the portfolio into four major parts: liquidity needs, short-term needs, intermediate-term needs, and longer-term core investment. The System will not invest in investments maturing more than three (3) years from the date of purchase.



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The investment portfolio shall be designed with the objective of obtaining a rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. “Weighted Average Yield to Maturity” shall be the standard for calculating portfolio rate of return.

The System commingles its operating, reserve and trust and agency funds into one investment portfolio for investment purposes of efficiency, accurate distribution of earnings and maximum investment opportunity. Although commingled, the System recognizes the unique characteristics and needs of the individual funds in its strategy statement and in the management of the funds. The maximum dollar weighted average maturity (WAM) of the entire commingled portfolio reflecting cash flow needs shall be no greater than one (1) year and the corresponding benchmark for the commingled portfolio shall be the comparable one year US Treasury security. Capital Projects are managed separately in accordance with their anticipated expenditure schedules and bond document requirements. C.2.04 - General Fund: The General Fund includes all operating funds of the System including, but not limited to, the general fund, payroll fund, technology fund, student activity fee fund, repair and replacement fund and the auxiliary fund. The primary investment strategy for this fund is to assure the preservation and safety of principal; and secondly, to match anticipated cash flows with adequate investment liquidity. These objectives shall be accomplished by purchasing high-credit quality, short-to-intermediate term investments matching cash flow requirements. All investments authorized by the Investment Policy are suitable. Funds not needed for short-term cash flow requirements will be invested in diversified instruments with diversified maturities and be readily marketable in the secondary market or, in the case of Certificates of Deposit, redeemable with or without penalty. Yield will be enhanced by the use of maturity extensions available within the confines of accurate cash flow projections and market cycle timing. Based on ongoing cash flow needs, the maximum weighted average maturity shall be one year. The maximum stated maturity will be three years. 2.05 - Restricted Fund: The Restricted Fund includes local, state and federal grant funds as well as funds from other sources that are restricted for instructional use. The primary objectives are safety and liquidity sufficient to meet anticipated cash flow requirements as well as yield optimization. These objectives shall be accomplished by purchasing high-credit quality short-term investments, diversified by instrument and maturity, and matching the maturity of the investments with anticipated liabilities. Funds not needed for short-term cash flow requirements will be invested in diversified instruments with diversified maturities and be readily marketable in the secondary market or, in the case of Certificates of Deposit, redeemable with or without penalty. All investments authorized by the Investment Policy are suitable. A ladder of short-term investments with sufficient liquidity from cash-equivalent investments may be used to maintain a maximum weighted average maturity of one year. The maximum stated maturity will be two years.



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C.2.06 - Capital Projects: The primary investment objective for the Capital Projects Fund is preservation and safety of principal. In addition, the System will seek to match cash flows from maturities and earnings of diversified investments to anticipated needs while obtaining a reasonable market yield. Considering the appropriate risk constraints, investments will be made in an attempt to attain a rate equal to or above the arbitrage yield in order to avoid negative arbitrage. These objectives shall be accomplished by purchasing high-credit quality, short and intermediate-term investments with maturities closely matching the projected cash flow schedules. Funds not needed for short-term cash flow requirements will be invested in diversified instruments with diversified maturities and be readily marketable in the secondary market or, in the case of Certificates of Deposit, redeemable with or without penalty. All investments authorized by the Investment Policy are suitable. The maximum maturity of an individual security shall not exceed the shorter of the planned expenditure span of the funds or the maximum number of years allowed as stated in C.2.03. C.2.07 - Debt Service: The investment strategy for the Debt Service Fund has as its primary objective the preservation and safety of capital while optimizing yield in order to fund debt service payments in accordance with provisions in the bond documents. Funds not required for immediate liquidity shall be invested in diversified instruments. All investments authorized by the Investment Policy are suitable. Debt Service Funds shall be invested to ensure adequate funding for each successive debt service payment. The Investment Officers shall invest in such a manner as not to exceed an “unfunded” debt service date with the maturity of any investment. The maximum maturity of an individual security shall not exceed three years and the maximum weighted average maturity of one year. C.2.08 - Trust and Agency Fund: The Trust and Agency Fund is comprised of local scholarship funds, club funds, and other funds for which the System acts as fiduciary and which have short-average lives and high liquidity needs. The primary objectives are safety, liquidity, diversification and yield. These objectives shall be accomplished by purchasing high-credit quality short-term investments and utilizing cash-equivalent investments for liquidity. All investments authorized by the Investment Policy are suitable. The maximum maturity shall be one year and the maximum weighted average maturity six months. C.2.09 - Prudent Person Rule: Investments shall be made, considering prevailing internal and market circumstances, which persons of prudence, discretion and intelligence would exercise in the management of their own affairs not for speculation, but for investment, and considering the probable safety of capital as well as probable income from an investment decision. In determining whether an Investment Officer has exercised prudence with respect to an investment decision, the determination shall take into account the investment of all funds rather than a single investment and whether the investment decision was consistent with the System's Investment Policy.



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C.2.10 - Downgrades: Not less than quarterly, the Investment Officers will obtain from a reliable source the current credit rating for each held investment that has a PFIA-required minimum rating. The Investment Officers will meet to discuss any investment which has been downgraded or placed on credit-watch to evaluate and take any necessary and prudent measures to assure the safety of System funds. It is the policy of the System to liquidate as quickly as is prudently possible any investment that becomes unauthorized or loses its required credit rating while held in the System's portfolio. C.2.11 - Delegation of Responsibility: Authority to manage the System's investment program is derived from and delegated pursuant to provisions of the Act. C.2.12 - Investment Officers: The Board designates the Vice Chancellor for Administration and Finance/CFO and the Associate Vice-Chancellor for Administration and Finance as the System's Investment Officers. Management responsibility for the investment program is hereby delegated to the Investment Officers. The Investment Officers shall exercise judgment and care, under prevailing circumstances, which a prudent person would exercise in the management of the person's own affairs, but the Board retains ultimate fiduciary responsibility. The Investment Officers shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinates. The Investment Officers will report quarterly to the Board on investment results and annually on counter-parties used in the process. No person may engage in an investment transaction except as provided under the terms of this Policy and the procedures established by the Investment Officers. Investment Officers acting in good faith and in accordance with these Policies and Procedures shall be relieved of personal liability. C.2.13 - Capability of Investment Officers: The System shall provide access to periodic training in investments for Trustees and Investment Officers and other investment personnel through courses and seminars offered by professional organizations, associations, and other independent sources in compliance with the Act to insure the quality and capability of investment management. C.2.14 - Training: Members of the Board of Trustees and Investment Officers shall acquire at least the minimum hours of investment training required by the Texas Higher Education Coordinating Board within 6 months after taking office or assuming duties. Training must include education in investment controls, security risks, strategy risks, market risks, diversification of investment portfolio, and compliance with the Act.



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Thereafter, Investment Officers shall additionally complete at least the minimum required hours of training not less than once each State fiscal biennium. Training must be obtained from an independent source approved by the Board. The Investment Officer shall prepare a report on the provisions of the Act and deliver it to the Board no later than the 180th day after the 1st day of each regular session of the Legislature. C.2.15 - Ethics and Disclosure of Conflicts of Interest: Investment Officers and employees of the System involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program or which could impair their ability to make impartial investment decisions. All Investment Officers shall provide complete disclosure related to potential conflicts of interest annually or as conditions change. Investment Officers must file a disclosure statement with the Texas Ethics Commission and the Board if:

1. The Officer has a personal business relationship with a business organization offering to engage in an investment transaction with the System; or

2. the Officer is related within the second degree by affinity or consanguinity, as determined by Chapter 573 of the Texas Government Code, to an individual seeking to transact investment business with the System.

C.2.16 - Investment Providers: The Investment Officers shall obtain and maintain information on all financial institutions and brokers/dealers authorized to transact financial transactions with the System. The information shall include the following, as applicable:

1. Audited annual financial statements; 2. proof of Financial Industry Regulatory Authority membership and CRD number; 3. proof of registration with the Texas State Securities Board; and 4. completed System questionnaire.

All investment providers (including but not limited to, financial institutions, broker/dealers, investment pools, mutual funds and investment advisors) shall provide a certification that the authorized representative of the firm has received and thoroughly reviewed the System's current Investment Policy. This statement shall certify that the firm has implemented reasonable procedures and controls in an effort to preclude transactions conducted with the System not authorized by the Investment Policy except to the extent that this authorization is dependent on the analysis of the makeup of the System's entire portfolio or requires interpretation of subjective investment standards. C.2.17 - Annual Review: The Investment Officers shall annually submit a list of brokers/dealers for Board approval. These institutions shall be selected for service, market involvement, and credit worthiness and be authorized to provide brokerage services. These may include primary dealers and regional dealers that qualify under the Securities and Exchange Commission uniform net capital rule (Rule 15C3-1).



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The Investment Officers shall annually review and evaluate the firms authorized to enter into investment transactions with the System. The following minimum criteria may be included in the review and evaluation:

1. Number of transactions competitively won/attempted/lost; 2. prompt and accurate confirmation of transactions; 3. efficiency of transaction settlement; 4. accuracy of market information; and 5. account servicing.

Subsequent to the review and evaluation, the Investment Officers shall recommend to the Board a list of firms to be authorized to enter into investment transactions with the System for the following year. C.2.18 - Authorized Investments: The following are authorized investments:

1. Obligations of the United States of America or its agencies and instrumentalities, excluding mortgage backed securities (MBS);

2. Certificates of Deposit, and other forms of deposit, issued by a depository institution that has its main office or a branch office in Texas and that is guaranteed or insured by the Federal Deposit Insurance Corporation or its successor or secured by obligations in a manner consistent with State law and the Investment Policy;

3. other obligations, the principal and interest of which are unconditionally guaranteed or insured by, or backed by the full faith and credit of the United States government or its agencies and instrumentalities, including obligations that are fully guaranteed or insured by the Federal Deposit Insurance Corporation, but excluding mortgage backed securities;

4. direct obligations of the State of Texas, or its agencies and instrumentalities; 5. obligations of states, agencies, counties, cities, and other political subdivisions of any State

having been rated as to investment quality by a nationally recognized investment rating firm and having received a rating of not less than “A” or its equivalent;

6. fully collateralized repurchase agreements with a defined termination date secured by a combination of cash and obligations of the United States government or its agencies and instrumentalities including mortgage backed securities. Underlying securities shall be held in the System's name, deposited at the time the investment is made with the System, and held by an independent custodian approved by the System. Repurchase agreements must be purchased through a primary government securities dealer, as defined by the Federal Reserve, or a financial institution doing business in Texas. A mutually acceptable master repurchase agreement must be executed prior to the transaction. Underlying securities shall have a continuous market value greater than or equal to 102 percent. The transaction shall have a maximum maturity of 120 days, except flexible repurchase agreements used for bond proceeds. The maximum maturity for a flexible repurchase agreement shall be matched to project cash flow projections and the requirements of the governing bond ordinance;



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7. Securities and Exchange Commission-registered Money Market Mutual Funds continuously rated AAAm or an equivalent rating by at least one nationally recognized rating service and in compliance with the requirements of the Act;

8. local government investment pools in Texas which meet the requirements of the Act, are rated no lower than AAA or an equivalent rating by at least one nationally recognized rating service and are authorized by resolution of the Board;

9. commercial paper with a maximum maturity of 180 days rated A1/P1 or an equivalent, by at least two nationally recognized credit rating agencies;

10. other types of investments which may be authorized by statute are not authorized for investment until such time as the Investment Policy, is amended and adopted by the Board, to include one or more of these investment types.

The following are not authorized investments:

1. Obligations whose payment represents the coupon payments on the outstanding principal balance of the underlying mortgage-backed security collateral and pay no interest;

2. obligations whose payment represents the principal stream of cash flow from the underlying mortgage-backed security collateral and bears no interest;

3. collateralized mortgage obligations that have a stated final maturity of greater than 10 years; and

4. collateralized mortgage obligations the interest rate of which is determined by an index that adjusts opposite to the changes in a market index.

C.2.19 - Collateralization: Consistent with the requirements of the Public Funds Collateral Act (Texas Government Code §2257), it is the policy of the System to require full collateralization of all uninsured System financial institution deposits. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 102% of market value of principal and accrued earnings on the deposits less an amount insured by the FDIC. Securities pledged as collateral shall be held by an independent third party bank outside the holding company of the pledging bank, approved by the System, and under a mutually agreeable custodial agreement. The designated Investment Officers are authorized to execute depository and/or custodial agreements. The agreements shall specify the acceptable securities for collateral, including provisions relating to possession of the collateral, the substitution or release of securities with prior System approval, documentation of the pledge of securities and the monthly reporting on the valuation of collateral. Original evidence of pledges (safekeeping receipts) must be supplied to the System and retained. The financial institution shall be contractually liable for monitoring and maintaining the required collateral and collateral margins at all times. Additionally, a depository agreement shall define the System’s rights to the collateral in case of default, bankruptcy or closing and shall establish a perfected security interest in compliance with Federal and State regulations, specifically:

1. The agreement must be in writing;



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2. the agreement has to be executed by the financial institution and the System contemporaneously with the acquisition of the asset;

3. the agreement must be approved by the Board of Directors or designated committee of the financial institution and a copy of the meeting minutes must be delivered to the System; and

4. the agreement must be part of the depository’s “official record” continuously since its execution.

C.2.20 - Authorized Collateral: The System authorizes only the following types of collateral:

1. Obligations of the United States or its agencies and instrumentalities including mortgage backed securities which pass the high-risk mortgage obligation test;

2. direct obligations of the State of Texas or its agencies and instrumentalities; 3. obligations of states, agencies, counties, cities and other political subdivisions of any

state rated as to investment quality by a nationally recognized rating firm not less than A or its equivalent; and

4. Letters of Credit issued by the United States or its agencies and instrumentalities. All collateral shall be subject to inspection and audit by the System's internal audit staff or by its independent auditors on a reasonable basis. C.2.21 - Independent Third Party: All securities owned by the System and collateral pledged to the System shall be held by independent third party custodians approved by the System and held in the System's account as evidenced by original safekeeping receipts of the institution with which the securities are deposited. C.2.22 - Delivery versus Payment: All security transactions, including repurchase agreements, shall be executed on a delivery versus payment basis. C.2.23 - Competitive Environment: A competitive environment shall be established for all investment activities, including but not limited to, analysis of implemented strategies, review of investment alternatives, monitoring of market conditions, solicitation from multiple investment providers, adherence to applicable “bona fide solicitation” rules and overall performance evaluation. Comparison and evaluation of comparables, but not formal bidding, may be used to invest in financial institution deposits, money market mutual funds or local government investment pools. Bids/offers may be solicited orally, in writing or electronically for securities and Certificates of Deposit. Records of the prices/levels (bid and/or offered and accepted) shall be maintained.



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C.2.24 - Diversification: The System recognizes that investment risks can result from issuer defaults, market price changes, or various complications leading to temporary illiquidity. Market risks are managed through portfolio diversification that shall be achieved within the following general guidelines:

a. Where appropriate, limiting investments to avoid over concentration in investments from a specific issuer or business sector;

b. limiting investments with higher credit risk (such as commercial paper); c. investing in instruments with varying maturities and in accordance with the System's cash

flow projections; and d. continuously investing a portion of the portfolio in readily available funds such as local

government investment pools, financial institution deposits, money market funds or overnight repurchase agreements to ensure that appropriate liquidity is maintained in order to meet ongoing obligations.

To assure diversification of the portfolio and reduce market risk, the following maximum limits (at time of purchase) by instrument are established for the System's total portfolio: C.2.25 Internal Controls: The internal control structure shall be designed to provide reasonable assurance that System funds are protected from loss, theft or misuse. The concept of reasonable assurance recognizes that the cost of a control should not exceed the benefits likely to be derived and the valuation of costs and benefits requires estimates and judgments by management. The internal controls established for the cash management and investment process shall address the following points at a minimum:

1. Complete documentation of all transactions 2. Control of collusion 3. Separation of accounting and record keeping 4. Custodial safekeeping 5. Clear delegation of authority to subordinate staff members 6. Written confirmation for all transactions 7. Timely reconciliation of transactions 8. Assurance of delivery versus payment and competitive bidding

US Treasury Obligations 90% US Agencies and Instrumentalities 90% Certificates of Deposit 90% Repurchase Agreements (excluding bond proceeds) 50% Flexible Repurchase Agreements (bond proceeds) 100% Investment Pools 100% Municipal Securities 30% Commercial Paper 25% Commercial Paper by issuer 5%



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C.2.26 – Compliance Audit: In conjunction with the audit, the Vice Chancellor for Administration and Finance/CFO shall establish a process for independent review at least once every two years by an external auditor to assure compliance with policies and procedures. C.2.27 - Monthly Reporting: The Investment Officers shall prepare a monthly report on all investment positions as of the close of business for the prior month. The report shall be provided to the Board as an integral part of the monthly financial reports. C.2.28 - Quarterly Reporting: The Investment Officers shall prepare, sign and present an investment report to the Board on a quarterly basis that summarizes investment strategies employed in the most recent quarter, details the portfolio in terms of investments and earnings and summarizes the overall strategy for the period. The quarterly investment report shall include a summary statement of investment activity prepared in compliance with the Act. The reports will be prepared in a manner that will allow the reader and the System to ascertain whether investment activities during the reporting period have conformed to the Investment Policy. The report will include the following at a minimum:

1. A detailed listing of individual investments and depository accounts by maturity date at the end of the reporting period;

2. a summary of the portfolio by market sectors and maturities; 3. the beginning and ending book and market values of each investment and position by the

type of asset and fund type invested; 4. unrealized market gains or losses at the end of the period; 5. the account or fund or pooled group fund for which each individual investment was

acquired; 6. average weighted yield to maturity of the portfolio as compared to its benchmark; 7. net accrued investment earnings for the reporting period; 8. diversification by market sectors; and 9. a statement of compliance with the Act and the System's Investment Policy and strategy

as approved by the Board. C.2.29 - Market Values: Market values used in the monthly and quarterly reports will be obtained from reputable and independent sources. Information sources may include: financial/investment publications and electronic media, available software for tracking investments, depository banks, commercial or investment banks, financial advisors and representatives/advisors of investment pools or money market funds. C.2.30 - Annual Policy Review and Adoption: The Board of Trustees, not less than annually, shall adopt by resolution the System's Investment Policy and incorporated investment strategy. The adopting resolution shall state any changes



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made to either the Investment Policy or strategies. Material changes to the Investment Policy will require re-certification by financial firms.

Policy Report and Consideration No. 2 (ACTION ITEM 1) Meeting 10-10-13 Request: Consideration of Approval of an Order Acknowledging all Board of

Trustees to be Elected from Single Member Districts. Chancellor’s Recommendation:

That the Board of Trustees approve the Order (i) changing all Board of Trustees from being elected At Large to Single Member Districts; (ii) changing the General Election Date of the Board of Trustees from May of odd numbered years to November of even numbered years; and (iii) adjusting the Term of Office of each member of the Board of Trustees to conform to the new Election Date.

Rationale: To comply with the Order to be entered by Federal Judge Kenneth Hoyt

of United States District Court for the Southern District of Texas (the “Court Order”) in which each member of the Board of Trustees must be elected from Single Member Districts in accordance with Section 2 of the Voting Rights Act of 1965, as amended, 42 U.S.C. 1973. In addition, the Court Order requires Lone Star College System to change its General Election date from May of odd numbered years to November of even numbered years and to change the term of office of each Board member as a result of the change from May to November. Additionally, the Board of Trustee’s Order changing the General Election Date and Adjusting Terms of Office, current Board Policy Section I C.2.11 – Date of Election - must be changed to read “the election of members to the Board of Trustees shall be on the second Saturday in November in even numbered years”. The Court’s Order and confirming Board of Trustee’s Order referenced herein adjusts all Board of Trustee Terms of Office to reflect the following: David Holsey, DDS

Position 1 Chair Resident of The Woodlands Term expires November 2018 Kyle A. Scott, Ph.D. Position 2 Trustee Resident of Spring Term Expires November 2018 Stephanie Marquard Position 3 Trustee

kalovejoy

Typewritten Text

Exhibit "D"

Resident of Kingwood Term expires November 2014 Robert Adam, JD Position 4 Trustee Resident of Cypress Term expires November 2014

David A. Vogt Position 5 Assistant Secretary Resident of The Woodlands Term expires November 2016

Bob Wolfe, JD, CPA Vice Chair Position 6 Trustee Resident of Houston Term expires November 2016

Linda S. Good, JD Position 7 Trustee Resident of The Woodlands Term expires November 2016

Ron Trowbridge, Ph.D., Position 8 Resident of Conroe Term expires November 2018

Priscilla Kelly Position 9 Secretary Resident of Tomball Term expires November 2014

Fiscal Impact: None Staff Resource: Richard Carpenter

Brian Nelson

832-813-6515 813-832-6655

ORDER ACKNOWLEDGING BOARD OF TRUSTEES TO BE ELECTED FROM SINGLE MEMBER DISTRICTS

THE STATE OF TEXAS § COUNTY OF MONTGOMERY § LONE STAR COLLEGE SYSTEM § WHEREAS, to comply with the Order to be entered by Federal Judge Kenneth Hoyt of United States District Court for the Southern District of Texas (the “Court Order”) in which Board of Trustee members must be elected from Single Member Districts in accordance with Section 2 of the Voting Rights Act of 1965, as amended, 42 U.S.C. 1973; WHEREAS, the Court Order requires Lone Star College System to change its General Election date from May of odd numbered years to November of even numbered years and to change the term of office of each Board Member as a result of the change from May to November; WHEREAS, because the General Election Date and Adjusting of Trustee Terms of Office, current Board Policy Section I C.2.11 – Date of Election - must be changed to read “the election of members to the Board of Trustees shall be on even numbered years and following the United States Federal Election schedule traditionally on the first Tuesday in November”; AND NOW, THEREFORE, in compliance with the Court Order be it ordered by the Board of Trustees of the Lone Star College System that: 1. Beginning with the November 2014 Election, future Board of Trustee members must be elected from Single Member Districts in accordance with Section 2 of the Voting Rights Act of 1965, as amended, 42 U.S.C. 1973; 2. Beginning with the November 2014 Election, the General Election Date of the Board of Trustees shall be hereafter changed from the second Saturday in May to the first Tuesday in November in even numbered years. 3. The Term of Office of each Board of Trustee member shall be adjusted as set forth below to conform to the new General Election Date.

David Holsey, DDS Position 1 Chair Resident of The Woodlands Term expires November 2018 Kyle A. Scott, Ph.D. Position 2 Trustee Resident of Spring Term Expires November 2018

2

Stephanie Marquard Position 3 Trustee Resident of Kingwood Term expires November 2014 Robert Adam, JD Position 4 Trustee Resident of Cypress Term expires November 2014

David A. Vogt Position 5 Assistant Secretary Resident of The Woodlands Term expires November 2016

Bob Wolfe, JD, CPA Vice Chair Position 6 Trustee Resident of Houston Term expires November 2016

Linda S. Good, JD Position 7 Trustee Resident of The Woodlands Term expires November 2016

Ron Trowbridge, Ph.D., Position 8 Resident of Conroe Term expires November 2018

Priscilla Kelly Position 9 Secretary Resident of Tomball Term expires November 2014

3. That by changing the General Election Date and Adjusting Board of Trustees terms of office, current Board of Trustee Policy Section I C.2.11 – Date of Election - must be changed to read and reflect “the election of members to the Board of Trustees shall be on even numbered

Foundation Report and Consideration No. 1 (ACTION ITEM 2) Board Meeting 10-10-13 Request: Ratify and Approve the Appointment of LSC Foundation Board Members Chancellor’s Recommendation:

That the Board of Trustees ratifies and approves the appointment of the LSC Foundation Board Members listed on the following page for the positions indicated. The attached list represents those individuals selected by the LSC Foundation Board of Directors at their June 25, 2013 meeting.

Rationale: The Lone Star College Foundation is a stand-alone 501(c)3 organization

established solely to support the Lone Star College System. The Foundation By-Laws establish a Board of Directors to serve three-year terms.

Fiscal Impact: None Staff Resource: Ray Laughter 832-813-6620

kalovejoy

Typewritten Text

Exhibit "E"

To be appointed to the LSC Foundation Board as Public Directors and Officers (if indicated): Steve Sanders, Chair Cathy McHenry, Vice Chair Carl Joiner, Secretary Fred Koetting, Treasurer David Feldman, Executive Committee Saul Valentin, Executive Committee Jill Sharp Vaughan, Executive Committee Dr. Nockie Zizelmann, Past Chair Henry T. Brooks Danell Fields Dr. David Fleming Laryssa Korduba, Esq. Toni Lawrence Paul Layne Lynn LeBouef Marcus Malonson Lt. Michael Nansel Beryl Ramsey Massey Villarreal Michelle Wogan To be appointed to the LSC Foundation Board as Ex-Officio Directors: LSCS Chancellor: Dr. Richard Carpenter LSCS Board of Trustee Chair: David Holsey, DDS LSCS Designated Foundation Administrative Officer: Ray Laughter ASF Designated Representative: Seth Sharr

Financial Report and Consideration No. 1 Board Meeting 10-10-13 Report: Monthly Financial Statements

The financial statements for the month ended August 31, 2013 are presented for

Board review. These statements represent preliminary results for the fiscal year ended August 31, 2013. Final results will be presented in December accompanied by a report from our external auditors.

kalovejoy

Typewritten Text

Exhibit "F"

Prior to fiscal year 2010-11, the System’s financial software dated revenues as earned the same day as entered into the system. The current software,implemented in 2010-11, dates revenues in the time period the revenues are earned, regardless of the date the amounts were entered into the software program.

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Prior to fiscal year 2010-11, the System’s financial software dated expenditures as incurred on the same day as entered into the system. The current software, implemented in 2010-11, dates expenditures in the time period the expenditures are incurred, regardless of the date the amounts were entered into the software program.

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HOW MUCH DO WE NEED IN RESERVES?

REVENUES EXPENDITURES


Statement of Revenues and ExpendituresGeneral and Auxiliary FundsFor the Twelve Months Ended August 31, 2013Unaudited

100% OF PRIOR YEAR PRIOR YEARFISCAL YEAR % ACTUAL ACTUAL % ACTUAL

BUDGET ACTUAL TO BUDGET 8/31/2012 TO BUDGET

REVENUES:

State Appropriations $ 66,500,000 $ 66,839,742 100.5% $ 62,918,245 99.5%Tuition and Fees 98,280,000 96,695,170 98.4% 91,096,757 96.7%Taxes 105,520,000 105,565,300 100.0% 102,611,897 104.9%Investments 325,000 381,044 117.2% 296,619 59.3%Other 5,395,000 4,710,718 87.3% 4,378,450 83.9%Tuition/Growth Contingency 2,910,000 - 0.0% 0 0.0%

Total Current Operations Revenues 278,930,000 274,191,974 98.3% 261,301,968 99.0%

Auxiliary Revenues 11,000,000 9,866,596 89.7% 8,571,484 85.7%

Total Revenues 289,930,000 284,058,570 98.0% 269,873,452 98.5%

Reserves 6,700,000 -

Total Revenues and Reserves 296,630,000 284,058,570 269,873,452

EXPENDITURES:

Instruction-Academic 71,533,467 69,056,107 96.5% 66,039,860 100.2%Instruction-Workforce 28,372,541 28,114,367 99.1% 27,801,131 98.9%Public Service 847,345 699,377 82.5% 951,868 89.0%Academic Support 47,196,004 44,311,009 93.9% 39,819,674 88.2%Student Services 36,614,325 32,985,371 90.1% 30,302,637 97.3%Institutional Support 29,854,732 26,868,147 90.0% 24,656,813 90.3%Plant Operation and Maintenance 33,460,294 31,943,713 95.5% 31,310,175 95.1%Staff Benefits 23,191,292 24,035,995 103.6% 21,912,278 92.7%Growth Contingency 2,910,000 - 0.0%

Total Educational and General Expenditures 273,980,000 258,014,086 94.2% 242,794,436 94.8%

Repair, Replacement and Other Internally Designated 4,300,000 3,583,202 83.3% 3,441,100 90.6%

Auxiliary 11,000,000 9,377,873 85.3% 6,824,155 68.2%

Total Expenditures 289,280,000 270,975,161 93.7% 253,059,691 93.7%

Other Changes - Debt Service & Fund Transfers 7,350,000 6,862,930 6,573,292

Total Expenditures and Transfers 296,630,000 277,838,091 259,632,983

NET INCREASE (DECREASE) IN FUND BALANCESGeneral Funds 0 5,731,756 8,493,140Auxiliary Funds 0 488,723 1,747,329

TOTAL NET INCREASE (DECREASE) IN FUND BALANCES $ 0 $ 6,220,479 $ 10,240,469

Subject to change pending completion of the August 31, 2013 audit.


Balance SheetAugust 31, 2013Unaudited

GASB 34/35 MemorandumGeneral & Reporting & Totals

ASSETS Restricted Investment In Plant Current Year

Cash $ (28,671,954) $ 15,001,226 $ - $ (13,670,728)Accounts receivable, net 43,227,603 5,212,519 4,551,026 52,991,148Investments 102,370,839 33,455,933 1,114 135,827,886Prepaid and deferred expenses 3,656,066 - 3,656,066Inventories, at cost 44,205 - - 44,205Amount to be provided for retirement long-term debt - 582,760,036 - 582,760,036Capital assets, net - - 738,658,852 738,658,852

TOTAL ASSETS $ 120,626,759 $ 636,429,714 $ 743,210,992 $ 1,500,267,465

LIABILITIES AND FUND BALANCES

LIABILITIES:Accounts payable $ 4,591,869 $ 9,444,769 2,839,099 $ 16,875,737Deferred revenues 46,119,882 3,900,285 - 50,020,167Accrued compensable absences payable 6,369,345 309,695 - 6,679,040Accrued interest payable - 1,620,430 - 1,620,430Bonds payable - 583,055,435 - 583,055,435Assets held in custody for others - 8,228,631 - 8,228,631

TOTAL LIABILITIES 57,081,096 606,559,245 2,839,099 666,479,440

FUND BALANCES:Unrestricted 63,545,663 - 463,392,463 526,938,126 Restricted - Non grant agreements - (226,789) - (226,789) Restricted for construction - (6,066,106) 275,519,472 269,453,366 Debt service - 36,163,364 1,459,958 37,623,322 TOTAL FUND BALANCES 63,545,663 29,870,469 740,371,893 833,788,025

TOTAL LIABILITIES AND FUND BALANCES $ 120,626,759 $ 636,429,714 $ 743,210,992 $ 1,500,267,465

Subject to Change Pending completion of the August 31,2013 audit

Auxiliary

Financial Report and Consideration No. 2 Board Meeting 10-10-13 Report: Quarterly and Annual Investment Reports

The quarterly and annual reports for the period ended August 31, 2013 are presented for Board Review.

kalovejoy

Typewritten Text

Exhibit "G"

QUARTERLY INVESTMENT REPORT

For the Quarter Ended

August 31, 2013

Prepared byValley View Consulting, L.L.C.

/s/ Cynthia F. GilliamCynthia F. Gilliam, Vice Chancellor for Administration & Finance/CFO

/s/ Tammy CortesTammy Cortes, Associate Vice Chancellor for Administration & Finance

These reports were compiled using information provided by the Lone Star College System. No procedures were performed to test the accuracy or completeness of this information. The market values included in these reports were obtained by Valley View Consulting, L.L.C. from sources believed to be accurate and represent proprietary valuation. Due to market fluctuations these levels are not necessarily reflective of current liquidation values. Yield calculations are not determined using standard performance formulas, are not representative of total return yields and do not account for investment advisor fees.

The investment portfolio of the Lone Star College System is in compliance with the Public Funds Investment Act and the System's Investment Policy and strategies.

Strategy Summary:

Quarter End Results by Investment Category:

Asset Type Book Value Market Value Book Value Market Value Avg. YieldPools/Banks 114,150,338$ 114,150,338$ 68,910,663$ 68,910,663$ 0.18%Securities/CDs 70,733,994 70,737,624 66,916,109 66,916,109 0.46%

Totals 184,884,332$ 184,887,962$ 135,826,772$ 135,826,772$

Total Portfolio 0.32% Total Portfolio 0.31%

Rolling Three Month Treasury 0.04% Rolling Three Month Treasury 0.07%Rolling Six Month Treasury 0.09% Rolling Six Month Treasury 0.12%Rolling One Year Treasury 0.15% Rolling One Year Treasury 0.16%

TexPool 0.09%

Quarterly Interest Earnings 124,048$ YTD Interest Earnings 544,790$

(1) Average Quarterly Yield calculated using quarter end report average yield and adjusted book value.

The Federal Open Market Committee (FOMC) maintained the Fed Funds target range between 0.00% and 0.25% (actual Fed Funds traded <10 bps). The FOMC continued Quantitative Easing (QE3), but openly discussed the potential tapering of the monthly security purchases. The fixed income market reacted quickly, raising 10 year rates over 1.00%. Mortgage rates also jumped quickly and dramatically. Domestic employment posted erratic, uninspiring growth. Overall economic activity remains moderate with second quarter GDP of 2.5%. The US stock markets touched new highs. Financial institution deposits and laddering targeted cash flows still provide the best interest earnings opportunity. Government securities yields have risen and may be an attractive option.

Average Quarterly Yield (1) Average Quarter End Yields - Fiscal Year

May 31, 2013 August 31, 2013

Valley View Consulting, L.L.C.Page 1.

Valley View Consulting, L.L.C.

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Page 3.


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Detail of Investment Holdings

Coupon/ Maturity Settlement Original Face/ Purchase Book Market Market Life Description Rating Discount Date Date Par Value Price Value Price Value (days) Yield

SSB MMA MMA 0.230% 09/01/13 08/31/13 15,029,806 1.00 15,029,806 1.00 15,029,806 1 0.23%LOGIC LGIP AAAm 0.132% 09/01/13 08/31/13 3,902,544 1.00 3,902,544 1.00 3,902,544 1 0.13%LSIP - Corporate LGIP AAAm 0.161% 09/01/13 08/31/13 5,914,252 1.00 5,914,252 1.00 5,914,252 1 0.16%LSIP - Corporate Plus (3) LGIP AAAm 0.177% 09/01/13 08/31/13 40,598,350 1.00 40,598,350 1.00 40,598,350 1 0.18%LSIP - Government LGIP AAAm 0.070% 09/01/13 08/31/13 16,483 1.00 16,483 1.00 16,483 1 0.07%TexPool LGIP AAAm 0.072% 09/01/13 08/31/13 222,971 1.00 222,971 1.00 222,971 1 0.07%TexPool - Prime LGIP AAAm 0.103% 09/01/13 08/31/13 3,226,256 1.00 3,226,256 1.00 3,226,256 1 0.10%

Encore Bank CD CD092013 0.800% 09/20/13 03/20/12 1,010,366 100.00 1,010,366 100.00 1,010,366 20 0.80%Southside Bank CD CD100113 0.650% 10/01/13 11/02/11 5,057,175 100.00 5,057,175 100.00 5,057,175 31 0.65%Comerica Bank CD CD100113A 0.450% 10/01/13 09/26/12 10,041,255 100.00 10,041,255 100.00 10,041,255 31 0.45%Comerica Bank CD CD9208 0.340% 11/01/13 11/19/12 6,025,304 100.00 6,025,304 100.00 6,025,304 62 0.34%Southside Bank CD CD110113 0.460% 11/01/13 09/26/12 2,015,109 100.00 2,015,109 100.00 2,015,109 62 0.46%Southside Bank CD CD9372 0.330% 11/01/13 12/19/12 4,010,181 100.00 4,010,181 100.00 4,010,181 62 0.33%Texas Capital Bank CD CD112013 0.250% 11/20/13 05/24/13 245,914 100.00 245,914 100.00 245,914 81 0.25%Comerica Bank CD CD9465 0.260% 12/02/13 01/25/13 2,500,000 100.00 2,500,000 100.00 2,500,000 93 0.26%Comerica Bank CD CD2730 0.410% 02/03/14 11/19/12 501,535 100.00 501,535 100.00 501,535 156 0.41%Green Bank CD CD0077 0.500% 03/20/14 03/20/13 245,000 100.00 245,000 100.00 245,000 201 0.50%Encore Bank CD CD032014 0.900% 03/20/14 03/20/12 2,023,335 100.00 2,023,335 100.00 2,023,335 201 0.90%Comerica Bank CD CD9473 0.330% 04/01/14 01/25/13 5,009,591 100.00 5,009,591 100.00 5,009,591 213 0.33%Comerica Bank CD CD2722 0.485% 05/01/14 11/19/12 602,180 100.00 602,180 100.00 602,180 243 0.49%Southside Bank CD CD052914 0.610% 05/29/14 08/29/12 5,030,486 100.00 5,030,486 100.00 5,030,486 271 0.61%Southside Bank CD CD0339 0.220% 06/19/14 06/19/13 2,022,870 100.00 2,022,870 100.00 2,022,870 292 0.22%Comerica Bank CD CD9481 0.410% 07/01/14 01/25/13 5,011,919 100.00 5,011,919 100.00 5,011,919 304 0.41%Southside Bank CD CD082914 0.650% 08/29/14 08/29/12 5,032,490 100.00 5,032,490 100.00 5,032,490 363 0.65%Southside Bank CD CD0252 0.300% 09/03/14 06/03/13 4,000,000 100.00 4,000,000 100.00 4,000,000 368 0.30%Southside Bank CD CD6191 0.400% 09/17/14 03/19/13 2,018,575 100.00 2,018,575 100.00 2,018,575 382 0.40%Comerica Bank CD CD9499 0.490% 10/01/14 01/25/13 4,512,823 100.00 4,512,823 100.00 4,512,823 396 0.49%

135,826,772$ 135,826,772$ 135,826,772$ 93 0.32%

August 31, 2013

(2) Weighted average yield to maturity - For purposes of calculating weighted average yield to maturity, realized and unrealized gains/losses, and Investment Advisor fees are not considered.

(1) Weighted average life - For purposes of calculating weighted average life, Bank Deposit, Local Government Investment Pool, and Money Market Mutual Fund investments are assumed to have a one day maturity.

(3) Original Face/Par Value - For reporting purposes, Purchase Price and Market Price are reported as $1.00 and Original Face/Par Value is adjusted accordingly. Actual Purchase Price and Market Price is $0.50, consequentially Original Face/Par Value would double.



Certificates of Deposit

49%

MMA11%

LOGIC3% LSIP

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TexPool3%

Portfolio Composition

This chart describes the portfolio's portion of each investment pool or category.

Page 6.


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Quarter End Book Value

This chart tracks the LSCS's Total Portfolio Book Value quarter-by-quarter to provide an historical perspective of the System's financial position.

Page 7.


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Maturity Date Call Date

This chart groups the portfolio's positions by maturity and call date. At this time there are no callable investments.

Page 8.

Book Value Comparison

Coupon/ Maturity Original Face/ Original Face/Discount Date Par Value Book Value Purchases Maturities/Calls Par Value Book Value

JPMC DDA 0.00% 09/01/13 163,944$ 163,944$ -$ (163,944)$ -$ -$ SSB MMA 0.23% 09/01/13 20,020,173 20,020,173 (4,990,367) 15,029,806 15,029,806 LOGIC 0.13% 09/01/13 3,901,423 3,901,423 1,121 3,902,544 3,902,544 LSIP - Corporate 0.16% 09/01/13 14,367,159 14,367,159 (8,452,907) 5,914,252 5,914,252 LSIP - Corporate Plus 0.18% 09/01/13 67,221,452 67,221,452 (26,623,102) 40,598,350 40,598,350 LSIP - Government 0.07% 09/01/13 24,188 24,188 (7,705) 16,483 16,483 TexPool 0.07% 09/01/13 222,942 222,942 29 222,971 222,971 TexPool - Prime 0.10% 09/01/13 8,229,057 8,229,057 (5,002,801) 3,226,256 3,226,256

Southside Bank CD 0.65% 06/19/13 2,019,561 2,019,561 (2,019,561) Deutche Banc CP 0.56% 08/01/13 6,400,000 6,393,938 (6,393,938) Comerica Bank CD 0.20% 08/12/13 1,500,000 1,500,000 (1,500,000) Encore Bank CD 0.80% 09/20/13 1,008,304 1,008,304 2,061 1,010,366 1,010,366 Southside Bank CD 0.65% 10/01/13 5,048,904 5,048,904 8,272 5,057,175 5,057,175 Comerica Bank CD 0.45% 10/01/13 10,029,875 10,029,875 11,381 10,041,255 10,041,255 Comerica Bank CD 0.34% 11/01/13 6,018,324 6,018,324 6,981 6,025,304 6,025,304 Southside Bank CD 0.46% 11/01/13 2,013,434 2,013,434 1,675 2,015,109 2,015,109 Southside Bank CD 0.33% 11/01/13 4,006,747 4,006,747 3,434 4,010,181 4,010,181 Texas Capital Bank CD 0.25% 11/20/13 245,767 245,767 147 245,914 245,914 Comerica Bank CD 0.26% 12/02/13 2,500,000 2,500,000 - 2,500,000 2,500,000 Comerica Bank CD 0.41% 02/03/14 501,017 501,017 518 501,535 501,535 Green Bank CD 0.50% 03/20/14 245,000 245,000 - 245,000 245,000 Encore Bank CD 0.90% 03/20/14 2,018,692 2,018,692 4,643 2,023,335 2,023,335 Comerica Bank CD 0.33% 04/01/14 5,005,427 5,005,427 4,165 5,009,591 5,009,591 Comerica Bank CD 0.49% 05/01/14 601,445 601,445 736 602,180 602,180 Southside Bank CD 0.61% 05/29/14 5,022,763 5,022,763 7,723 5,030,486 5,030,486 Southside Bank CD 0.22% 06/19/14 2,022,870 2,022,870 2,022,870 Comerica Bank CD 0.41% 07/01/14 5,006,743 5,006,743 5,176 5,011,919 5,011,919 Southside Bank CD 0.65% 08/29/14 5,024,258 5,024,258 8,232 5,032,490 5,032,490 Southside Bank CD 0.30% 09/03/14 4,000,000 4,000,000 4,000,000 Southside Bank CD 0.40% 09/17/14 2,016,542 2,016,542 2,033 2,018,575 2,018,575 Comerica Bank CD 0.49% 10/01/14 4,507,254 4,507,254 5,569 4,512,823 4,512,823

184,890,394$ 184,884,332$ 6,096,764$ (55,154,324)$ 135,826,772$ 135,826,772$

August 31, 2013May 31, 2013


Market Value Comparison

Coupon/ Maturity Original Face/ Quarter End Original Face/Discount Date Par Value Market Value Change Par Value Market Value

JPMC DDA 0.00% 09/01/13 163,944$ 163,944$ (163,944)$ -$ -$ SSB MMA 0.23% 09/01/13 20,020,173 20,020,173 (4,990,367) 15,029,806 15,029,806 LOGIC 0.13% 09/01/13 3,901,423 3,901,423 1,121 3,902,544 3,902,544 LSIP - Corporate 0.16% 09/01/13 14,367,159 14,367,159 (8,452,907) 5,914,252 5,914,252 LSIP - Corporate Plus 0.18% 09/01/13 67,221,452 67,221,452 (26,623,102) 40,598,350 40,598,350 LSIP - Government 0.07% 09/01/13 24,188 24,188 (7,705) 16,483 16,483 TexPool 0.07% 09/01/13 222,942 222,942 29 222,971 222,971 TexPool - Prime 0.10% 09/01/13 8,229,057 8,229,057 (5,002,801) 3,226,256 3,226,256

Southside Bank CD 0.65% 06/19/13 2,019,561 2,019,561 (2,019,561) Deutche Banc CP 0.56% 08/01/13 6,400,000 6,397,568 (6,397,568) Comerica Bank CD 0.20% 08/12/13 1,500,000 1,500,000 (1,500,000) Encore Bank CD 0.80% 09/20/13 1,008,304 1,008,304 2,061 1,010,366 1,010,366 Southside Bank CD 0.65% 10/01/13 5,048,904 5,048,904 8,272 5,057,175 5,057,175 Comerica Bank CD 0.45% 10/01/13 10,029,875 10,029,875 11,381 10,041,255 10,041,255 Comerica Bank CD 0.34% 11/01/13 6,018,324 6,018,324 6,981 6,025,304 6,025,304 Southside Bank CD 0.46% 11/01/13 2,013,434 2,013,434 1,675 2,015,109 2,015,109 Southside Bank CD 0.33% 11/01/13 4,006,747 4,006,747 3,434 4,010,181 4,010,181 Texas Capital Bank CD 0.25% 11/20/13 245,767 245,767 147 245,914 245,914 Comerica Bank CD 0.26% 12/02/13 2,500,000 2,500,000 - 2,500,000 2,500,000 Comerica Bank CD 0.41% 02/03/14 501,017 501,017 518 501,535 501,535 Green Bank CD 0.50% 03/20/14 245,000 245,000 - 245,000 245,000 Encore Bank CD 0.90% 03/20/14 2,018,692 2,018,692 4,643 2,023,335 2,023,335 Comerica Bank CD 0.33% 04/01/14 5,005,427 5,005,427 4,165 5,009,591 5,009,591 Comerica Bank CD 0.49% 05/01/14 601,445 601,445 736 602,180 602,180 Southside Bank CD 0.61% 05/29/14 5,022,763 5,022,763 7,723 5,030,486 5,030,486 Southside Bank CD 0.22% 06/19/14 2,022,870 2,022,870 2,022,870 Comerica Bank CD 0.41% 07/01/14 5,006,743 5,006,743 5,176 5,011,919 5,011,919 Southside Bank CD 0.65% 08/29/14 5,024,258 5,024,258 8,232 5,032,490 5,032,490 Southside Bank CD 0.30% 09/03/14 4,000,000 4,000,000 4,000,000 Southside Bank CD 0.40% 09/17/14 2,016,542 2,016,542 2,033 2,018,575 2,018,575 Comerica Bank CD 0.49% 10/01/14 4,507,254 4,507,254 5,569 4,512,823 4,512,823

184,890,394$ 184,887,962$ (49,061,190)$ 135,826,772$ 135,826,772$

August 31, 2013May 31, 2013


Book Value Allocated by Fund

Operating CIP CIP CIP I & SDescription Maturity Fund Fund 2012B MTN Bond Fund Total

JPMC DDA 09/01/13 -$ -$ -$ -$ -$ -$ SSB MMA 09/01/13 10,019,274 5,010,532 15,029,806 LOGIC 09/01/13 194,913 3,650,413 40,229 16,989 3,902,544 LSIP - Corporate 09/01/13 3 1,231,530 4,669,443 13,276 5,914,252 LSIP - Corporate Plus 09/01/13 27,475,525 13,122,825 40,598,350 LSIP - Government 09/01/13 15,945 538 16,483 TexPool 09/01/13 13,995 208,976 222,971 TexPool - Prime 09/01/13 2,848,972 377,284 3,226,256

Encore Bank CD 09/20/13 1,010,366 1,010,366 Southside Bank CD 10/01/13 5,057,175 5,057,175 Comerica Bank CD 10/01/13 10,041,255 10,041,255 Comerica Bank CD 11/01/13 6,025,304 6,025,304 Southside Bank CD 11/01/13 2,015,109 2,015,109 Southside Bank CD 11/01/13 4,010,181 4,010,181 Texas Capital Bank CD 11/20/13 245,914 245,914 Comerica Bank CD 12/02/13 2,500,000 2,500,000 Comerica Bank CD 02/03/14 501,535 501,535 Green Bank CD 03/20/14 245,000 245,000 Encore Bank CD 03/20/14 2,023,335 2,023,335 Comerica Bank CD 04/01/14 5,009,591 5,009,591 Comerica Bank CD 05/01/14 602,180 602,180 Southside Bank CD 05/29/14 5,030,486 5,030,486 Southside Bank CD 06/19/14 2,022,870 2,022,870 Comerica Bank CD 07/01/14 5,011,919 5,011,919 Southside Bank CD 08/29/14 5,032,490 5,032,490 Southside Bank CD 09/03/14 4,000,000 4,000,000 Southside Bank CD 09/17/14 2,018,575 2,018,575 Comerica Bank CD 10/01/14 4,512,823 4,512,823

Total 102,370,840$ 5,259,228$ 14,793,871$ 40,229$ 13,362,604$ 135,826,772$

August 31, 2013

Valley View Consulting, L.L.C. Page 11.

Market Value Allocated by Fund

Operating CIP CIP CIP I & SDescription Maturity Fund Fund 2012B MTN Bond Fund Total

JPMC DDA 09/01/13 -$ -$ -$ -$ -$ -$ SSB MMA 09/01/13 10,019,274 5,010,532 15,029,806 LOGIC 09/01/13 194,913 3,650,413 40,229 16,989 3,902,544 LSIP - Corporate 09/01/13 3 1,231,530 4,669,443 13,276 5,914,252 LSIP - Corporate Plus 09/01/13 27,475,525 13,122,825 40,598,350 LSIP - Government 09/01/13 15,945 538 16,483 TexPool 09/01/13 13,995 208,976 222,971 TexPool - Prime 09/01/13 2,848,972 377,284 3,226,256

Encore Bank CD 09/20/13 1,010,366 1,010,366 Southside Bank CD 10/01/13 5,057,175 5,057,175 Comerica Bank CD 10/01/13 10,041,255 10,041,255 Comerica Bank CD 11/01/13 6,025,304 6,025,304 Southside Bank CD 11/01/13 2,015,109 2,015,109 Southside Bank CD 11/01/13 4,010,181 4,010,181 Texas Capital Bank CD 11/20/13 245,914 245,914 Comerica Bank CD 12/02/13 2,500,000 2,500,000 Comerica Bank CD 02/03/14 501,535 501,535 Green Bank CD 03/20/14 245,000 245,000 Encore Bank CD 03/20/14 2,023,335 2,023,335 Comerica Bank CD 04/01/14 5,009,591 5,009,591 Comerica Bank CD 05/01/14 602,180 602,180 Southside Bank CD 05/29/14 5,030,486 5,030,486 Southside Bank CD 06/19/14 2,022,870 2,022,870 Comerica Bank CD 07/01/14 5,011,919 5,011,919 Southside Bank CD 08/29/14 5,032,490 5,032,490 Southside Bank CD 09/03/14 4,000,000 4,000,000 Southside Bank CD 09/17/14 2,018,575 2,018,575 Comerica Bank CD 10/01/14 4,512,823 4,512,823

Total 102,370,840$ 5,259,228$ 14,793,871$ 40,229$ 13,362,604$ 135,826,772$

August 31, 2013


Strategy Summary:

Fiscal Year End Results by Investment Category:

Asset Type Book Value Market Value Avg. Yield Book Value Market Value Avg. YieldPools/Banks 90,939,233$ 90,939,233$ 0.23% 68,910,663$ 68,910,663$ 0.18%Securities/CDs 43,658,912 43,660,026 0.62% 66,916,109 66,916,109 0.46%

Totals 134,598,145$ 134,599,259$ 0.34% 135,826,772$ 135,826,772$ 0.31%

Average Quarter End Yields - Fiscal Year(1):

Rolling Three Month Treasury 0.06% 0.07%Rolling Six Month Treasury 0.10% 0.12%Rolling One Year Treasury 0.16% 0.16%TexPool 0.11% 0.09%

Fiscal YTD Interest Earnings 543,598$ 544,790$

(1) Average Quarterly Yield calculated using quarter end report average yield and adjusted book value.

Lone Star College SystemAnnual Portfolio Performance Summary

Fiscal Year Ended 8/31/13

The Federal Open Market Committee (FOMC) maintained the Fed Funds target range between 0.00% and 0.25% (actual Fed Funds traded +/-10 bps). The FOMC shifted the Quantitative Easing (QE3) focus to target unemployment below 6.5% and inflation between 2.0% and 2.5%. International and domestic economic and employment data posted modest but erratic growth. Overall US economic activity remains low to moderate with GDP +/-2.0%. The US stock markets maintained their bullish tone, pushing to new highs. During the summer the FOMC discussed a tapered reduction of the monthly QE3 security purchases. The market reacted quickly by pushing interest rates higher. Financial institution deposits and laddering targeted cash flows still provide the best interest earnings opportunity, although government securities are becoming more attractive.

August 31, 2012 August 31, 2013

Valley View Consulting. L.L.C.

Security Sector Beginning Book Value

9/1/12 Purchases Maturities/Sales

Ending Book Value

8/31/13

Interest Earned During Period

Beginning Market Value

9/1/12

Ending Market Value

8/31/13

Ending YTM @

CostOperating FundsCash 142,983$ 24,728$ 167,711$ -$ -$ 142,983$ -$ Certificates Of Deposit 36,608,150 45,533,964 20,339,901 61,802,213 273,983 36,608,150 61,802,213 0.48%Local Government Investment Pool 16,932,196 124,561,163 110,944,005 30,549,353 57,195 16,932,196 30,549,353 0.16%Money Market 20,030,796 5,974,815 15,986,337 10,019,274 39,482 20,030,796 10,019,274 0.19%US Agency 2,000,000 - 2,000,000 - 2,100 2,001,114 -

Total 75,714,124$ 176,094,670$ 149,437,953$ 102,370,840$ 372,760$ 75,715,238$ 102,370,840$ 0.35%Construction in Progress Certificates Of Deposit -$ 5,113,896$ -$ 5,113,896$ 14,508$ -$ 5,113,896$ 0.36%Local Government Investment Pool 49,935,213 22,430,642 62,396,955 9,968,900 72,512 49,935,213 9,968,900 0.16%Money Market - 5,009,581 - 5,010,532 9,581 - 5,010,532 0.19%Corporate - 6,374,773 6,400,000 - 25,227 - -

Total 49,935,213$ 32,554,119$ 62,396,955$ 20,093,328$ 96,601$ 49,935,213$ 20,093,328$ 0.11%Debt Service Certificates Of Deposit 5,050,763$ 19,056$ 5,069,819$ -$ 18,638$ 5,050,763$ -$ Local Government Investment Pool 3,898,045 28,672,660 19,208,101 13,362,604 31,564 3,898,045 13,362,604 0.17%

Total 8,948,808$ 28,691,716$ 24,277,920$ 13,362,604$ 50,203$ 8,948,808$ 13,362,604$ 0.17%Consolidated Portfolio Cash 142,983$ 24,728$ 167,711$ -$ -$ 142,983$ -$ Certificates Of Deposit 41,658,912 50,666,916 25,409,720 66,916,109 307,129 41,658,912 66,916,109 0.47%Local Government Investment Pool 70,765,454 175,664,465 192,549,061 53,880,858 161,271 70,765,454 53,880,858 0.16%Money Market 20,031,747 10,984,397 15,986,337 15,029,806 49,064 20,031,747 15,029,806 0.19%Corporate - 6,374,773 6,400,000 - 25,227 - - US Agency 2,000,000 - 2,000,000 - 2,100 2,001,114 -

Total 134,598,145$ 237,340,505$ 236,112,828$ 135,826,772$ 519,564$ 134,599,259$ 135,826,772$ 0.31%

Lone Star College SystemAnnual Investment Summary Report

Fiscal Year Ended 8/31/13


Investment Disclosure As required by State of Texas regulations, please see Lone Star College System’s (LSCS) answers to certain investment questions below:

• Does Lone Star College System employ outside investment advisors or managers and, if so, who are they?

Yes, Valley View Consulting, LLC

• Do the outside investment advisors or managers have the authority to make investment decisions without obtaining prior approval?

No

• Does Lone Star College System use soft dollar arrangements ( a means of paying for services through brokerage commission revenue, rather than through direct payments) ?

No

• Is Lone Star College System associated with an independent endowment or foundation?

No

Financial Report and Consideration No. 3 (ACTION ITEM 3) Board Meeting 10-10-13 Request: Consideration of Approval to Purchase Grocery Supplies for the System Chancellor’s Recommendation:

That the Board of Trustees approves the purchase of grocery supplies from The Premier Group Purchasing Organization/U. S. Foods, Inc., 111 Alliant Drive, Houston, Texas 77032, for an estimated annual amount of $460,000 and a not-to-exceed amount of $920,000 over the next two years.

Rationale: Grocery supplies are purchased for LSC-CyFair and LSC-Tomball food

service operations. Groceries include non-perishable items, frozen and refrigerated foods and plastic and paper goods. All products are either used in food preparation or purchased for resale. The Premier Group negotiates preferred pricing for its membership on a national basis through Committed Manufacturer Agreements (CMAs). Except for commodity food items, which are subject to monthly market forces, these CMA prices are firm for six (6) months and most often include the manufacturer’s full line of products. This purchase will be done through the US Communities Government Purchasing Alliance, one of LSCS’s approved purchasing cooperatives, under Master Agreement #13924.

Fiscal Impact: Funds for this purchase are included in the approved FY 2013-14

auxiliary budgets. Funds for subsequent fiscal years will be included in future proposed budgets.

Staff Resource: Cindy Gilliam 832-813-6512

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Exhibit "H"

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Financial Report and Consideration No. 4 (ACTION ITEM 4) Board Meeting 10-10-13 Request: Consideration of Approval for Memorandum of Understanding (MOU)

with Houston Community College (“HCC”) in Granting In-District Tuition and Fees to Residents of the Acres Homes Super Neighborhood (“AHSN”) who attend specific LSCS and HCC centers, and authorize the Chancellor or Designee to Negotiate and Execute any Related Agreements.


In compliance with Texas Education Code §130.0032, that the Board of Trustees approve an MOU between LSCS and HCC in providing in district tuition to residents of the AHSN that attend the LSC-Victory Center.

Rationale: The AHSN has traditionally been an area that faces barriers to higher

education. LSCS boundaries and the boundaries of HCC both encompass portions of the AHSN. The LSC-Victory Center and the HCC Pinemont Center are both located near the AHSN. LSCS and HCC both desire to improve access to higher education for the residents of AHSN and desire to enter into an agreement to formalize their arrangement. Students that can demonstrate they are a resident of the AHSN will be able to enroll at the LSC-Victory Center or the HCC Pinemont Center and receive in-district tuition and fees regardless of which district they reside in. LSCS and HCC will work together to promote this benefit in anticipation that it will increase the number of college attending students in the AHSN and increase enrollment at both Centers.

Fiscal Impact: Because we anticipate an increased volume of former HCC students in

attending LSC - Victory Center, cost impact will be very small to non-existent.

Staff Resource: Steve Head

Brian Nelson 218-618-5444 832-813-6655

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Exhibit "I"

Building and Grounds Report Board Meeting 10-10-13 Report: Construction Projects Update

The District’s Facilities Planning and Construction Department has provided a

summary report of the District’s construction projects. See attached report.

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Exhibit "J"

Monthly Facilities Planning and Construction Report October 10, 2013 General Obligation Bond Project Summaries – 2008 Election:

LSC-Cypress Center ♦ The official ribbon cutting for the facility was held on September 12.

LSC-University Park ♦ Parking Garage 9 Upgrades – Lighting replacement and other safety enhancements

are underway and scheduled to be complete by the end of October.

2012 Revenue Bond Project Summary LSC-University Park

♦ Energy and Manufacturing Institute Building (EMI) – The erection of the tilt wall panels and the building frame is nearing completion. Preparations are being made for the installation of the second floor metal decking. Substantial completion is scheduled for March 2014.

2013 Revenue Bond Project Summary Tomball Oil Rig Site

♦ Phase I and Phase II Environmental Assessments are currently underway for the proposed site as part of the due diligence prior to acquisition of the land.

Creekside Center ♦ Request for Qualifications (RFQ’s) to select the Architectural team for the Creekside

Center project have been issued. Traffic/College Entrances/Security/Facility Infrastructure Projects

♦ The RFQ to select engineering firms to design the projects is being prepared. Final selections will be presented to the Board at a future meeting for consideration and approval.

LSC-Fairbanks Center Parking Garage ♦ Construction of the necessary interim surface parking improvements has been

completed. The conceptual design of the new parking garage has been completed and will be used as the basis for a Request for Proposal (RFP) to select a design/build firm to deliver the project.

Foundation Report and Consideration No. 2 Board Meeting 10-10-13 Report: Lone Star College Foundation Report of Gifts Received

To ensure the Board of Trustees is regularly updated regarding gifts received, the

Lone Star College Foundation has provided a summary report. See attached report.

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Exhibit "K"

Lone Star College Foundation Report of Gifts Received from March 1, 2013 through September 1, 2013.

Furniture, Fixtures and Equipment:

Gas Ceramic Kiln, 65 Cubic Feet with shelves and posts. Value: $9,000

Installation of Coy Anaerobic Chamber - 12 hrs. at $100/hr. Value:$1,200 Coy Anaerobic Chamber and Associated Equipment. Value: $3,450 Marine Diesel Engine MTU 8V183. Value: $27,500

Detroit Diesel Series 40 Diesel Training Engine. Value: $9,466.11

Books and DVDs:

67 Hard Cover and Paperback books. Value: $2071.50

DVD’s and 2 Books. Value: $100

Miscellaneous:

Twelve hats from the 40’s, 50’s and 60’s donated by Charlotte Edgar to the Drama Department at LSC-Kingwood. Value: $450

Lady’s White 14 Karat Fashion Pendant with One 5.33Ct Princess Purple Spinel and

0.72Tw Round Diamonds. Value: $4,900 Steinway Console Piano. Value: $12,000 Collection of Scientifically Labeled Sea Shells. Value: $150

Personnel Report and Consideration No. 1 (ACTION ITEM 5) Board Meeting 10-10-2013 Request: Consideration of Ratification of Appointments.


That the contractual appointments listed on the following pages be ratified for the positions indicated.

Rationale:

These contractual appointments include ratification of Administrators and Faculty from the LSC-CyFair, LSC-Kingwood, LSC-Montgomery, LSC-North Harris, LSC-Tomball, LSC-University Park and LSC-System Office

Fiscal Impact:

Positions and salaries have been budgeted for 2013-2014.

Staff Resource: Rand Key 832-813-6522

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Exhibit "L"

a. LSC-CyFair Shamin Arastu, Associate Professor, Education Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 19, 2013 Education: M.S., Education, Western Maryland College; B.S., Neurobiology,

Physiology, University of Maryland Experience: Adjunct Faculty, Continuing Education Instructor, LSC-CyFair; Science

Teacher, Lake Olympia Middle School; Science Teacher, Roberto Clemente Middle School; Science Teacher, Northeast Middle School; Teacher, Cage Elementary

Brooke Ballard, Librarian Effective: 12 month contracted employee at an annual salary of $58,994 beginning

August 19, 2013 Education: MLIS, Texas Woman’s University; M.A., Literature, Texas State

University; B.A., English, Southwest Texas State University Experience: Librarian, San Antonio Library; Adjunct English tutor, Alamo Community

College; Program Coordinator, University of Texas System; Director of Career Services, Instructor, Allied Health Care; Graduate Research Assistant, Texas State University

Heather Brown, Assistant Professor, Developmental English Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 19, 2013 Education: M.A., English, B.S., English, Abilene Christian University Experience: Professor, Oral English, Henan Normal University; English Lecturer,

University of Texas at Brownsville; Adjunct Faculty, Remedial Composition, The Victoria College; Graduate Assistant, Tutor, Abilene Christian University

Michelle Dewalt, Professor, English Effective: 10.5 month contracted employee at an annual salary of $49,092 beginning

August 19, 2013 Education: M.Ed., Curriculum & Instruction, Sam Houston State University; B.A.,

English, Pittsburg State University Experience: Adjunct Instructor, Developmental English, LSC-CyFair; National

Accounts Sales Coordinator, IKON Office Solutions; Legal Secretary,

Royston, Rayzor, Vickery, & Williams, L.L.P; Assistant Manager, Manageering, Inc.; Coordinator, M.E.T. Head Start; English Lecturer, Pittsburg State University

Jeffrey Elliot, Associate Professor, Emergency Medical Services Effective: 12 month contracted employee at an annual salary of $55,028 beginning

August 27, 2013 Education: B.S., Business, University of Houston Experience: Adjunct Faculty, Emergency Services, LSC-CyFair; Paramedic, EMS

Supervisor, CyFair Volunteer Fire Department; Instructor, EMT Training, Alvin Community College; President, Paramedic, West Harris County Emergency Medical Services; Global Manager Ethics and Compliance, Shell Oil Company

Mohamad Hishmeh, Associate Professor, Engineering Effective: 10.5 month contracted employee at an annual salary of $49,092 beginning

August 19, 2013 Education: B.S., Electrical Engineering Technology, Louisiana Tech University Experience: Electronics Lab Manager, Core Laboratories-ProTechnics;

Communications Consultant, AT&T; Electronics Instructor, ITT Technical Institute

Joann Hochstein, Associate Professor, Geology Effective: 10.5 month contracted employee at an annual salary of $58,358 beginning

August 19, 2013 Education: Ph.D., M.S., Geology, University of Florida; B.S., Geology, South Dakota

School of Mines and Technology Experience: Assistant Professor, College of Central Florida Ocala; Post-Doctoral

Fellow, Research Assistant, Field Paleontologist, University of Gainesville; Fossil Preparatory, Florida Museum of Natural History Gainesville; Field Paleontologist, Badlands National Park & South Dakota School of Mines and Technology

Dario Martinez, Associate Professor, Physics Effective: 10.5 month contracted employee at an annual salary of $58,358 beginning

August 27, 2013 Education: Ph.D., Physics, The University of Texas at Austin; B.S., Physics,

Universidad de los Andes

Experience: Instructor, Physics, Rice University; Instructor, Physics, University of

Houston Cameron Tucker, Assistant Professor, Medical Radiology Effective: 12 month contracted employee at an annual salary of $56,472 beginning

August 19, 2013 Education: M.E., Political Science, Texas State University; B.A., Political Science,

Texas State University; A.A.S, Radiological Science, Austin Community College

Experience: Staff Technologist, Houston Northwest Medical Center; Adjunct Instructor, Government, Lone Star College-CyFair; Radiological Technologist, Hillcrest Baptist Medical Center; Adjunct Instructor, Government, McLennan Community College; Department Head, Instructor, Frank Phillips College; Radiological Technologist, Seton Medical Center; Instructor, Government, Austin Community College

Gary Tucker, Jr., Associate Professor, Business Effective: 10.5 month contracted employee at an annual salary of $55,831 beginning

August 19, 2013 Education: D.B.A., Business Administration, Marketing, Anderson University;

M.B.A, Business, Leadership and Organizational Development, Oklahoma Christian University; B.S., Marketing , Accounting, Southern Nazarene University; A.A.S., Automotive Technology, Oklahoma City Community College

Experience: Instructor, Business, Northwestern Oklahoma State University;

Department Chair, Co-Director, Professor, Oklahoma City Community College; Automotive Technician, Bob Moore Pontiac Buick GMC

Glenn Turner, Jr., Assistant Professor, Fire Science Effective: 10.5 month contracted employee at an annual salary of $49,092 beginning

August 19, 2013 Education: B.A., Leadership and Enterprise, University of Houston-Victoria Experience: Instructor, Emergency Services Training Institute; Consultant, Emergency

Management Homeland Preparedness; Interim Fire Chief, City of Pearland; Assistant Fire Chief, City of Sugarland; Firefighter, Sugarland Fire Department

Roberta Short, Associate Professor, English Effective: 10.5 month contracted employee at an annual salary of $58,358 beginning

August 19, 2013

Education: Ph.D., Creative Writing and English Literature, M.F.A., Creative Writing,

University of Houston; B.F.A., University of Tulsa Experience: Adjunct Instructor, English, LSC-CyFair; Adjunct Instructor, English,

Houston Community College; Teaching Fellow, University of Houston; Adjunct Instructor, English, LSC- North Harris

Daniel Villanueva, Jr., Director, Enrollment Effective: 12 month contracted employee at an annual salary of $63,500 beginning

August 12, 2013 Education: Ph.D., Higher Education, Texas A&M; M.A., Liberal Arts, Texas

Christian University; B.A., Political Science, Texas Tech University Experience: Program Manager, Student Activities, Lone Star College-System; Director

of Student Life, Faculty, Lead Recruiter, Blinn College; Assistant, Texas Tech University

b. LSC-Kingwood

Roger Chambers, Professor, Computer IT Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 19, 2013 Education: Ph.D., Computer Science, University of Houston; M.S., Software

Engineering, University of Houston-Clear Lake; B.S., Computer Science. Prairie View A&M University

Experience: Adjunct Instructor, Programming, LSC-Kingwood; Adjunct Instructor,

Programming, Houston Community College; Information Technology Consultant, JB Financial; Information Technology Consultant, Vision Media, Inc.; Adjunct Instructor, Programming, ITT Technical Institute

Jennifer Chiotti, Associate Professor, Criminal Justice Effective: 10.5 month contracted employee at an annual salary of $58,358 beginning

August 19, 2013 Education: Ph.D., Criminal Justice, M.A., Criminal Justice, Washington State

University; B.A., Criminal Justice, Saint Edward’s University Experience: Assistant Professor, University of Houston, Downtown; Adjunct

Instructor, Washington State University

Zoila Donneys-Hale, Professor, Graphic Arts Technology

Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning August 19, 2013

Education: M.A, Spanish, Saint Louis University; B.A., Graphic Design, Instituto

Departamental de Bellas Artes, Fine Arts University, Columbia Experience: Instructor, Spanish, Saint Charles Community College; Instructor,

Spanish, Harris Stowe State University; Instructor, Spanish, Ozark Technical Community College; Instructor, Spanish, Missouri State University; Instructor, Spanish, Valle University

Jose Gamez, Assistant Professor, Math Effective: 10.5 month contracted employee at an annual salary of $47,848 beginning

August 19, 2013 Education: M.S., Mathematics, University of Texas-El Paso; B.S., Mathematics,

University of Houston Experience: Adjunct Faculty, Mathematics, LSC-North Harris; Adjunct Faculty,

Mathematics, University of Houston-Downtown; Instructor, Mathematics, Houston Prep; Instructor, Mathematics, University of Texas-El Paso

Abigail Heller, Assistant Professor, Speech Effective: 10.5 month contracted employee at an annual salary of $58,358 beginning

August 19, 2013 Education: Ph.D., Organizational Communication, University of Texas at Austin;

M.A., Literature, University of Houston; B.A., English, University of Wisconsin Stevens Point

Experience: Adjunct Instructor, English, Communications, LSC-Kingwood; Assistant

Instructor, Teaching Assistant, Tutor, Consultant, University of Texas at Austin; Adjunct Professor, Communication, University of Houston Downtown; Knowledge Specialist, APQC; Communication Consultant, SunCap Financial; Project Manager, Shea Writing and Training Solutions, Inc.

Amy Hoherz, Assistant Professor, Math Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 19, 2013 Education: M.Ed., Curriculum and Instruction, M.Ed., Mathematics, Emporia State

University; B.S., Mathematics, The University of Iowa Experience: Adjunct Facilitator, Adjunct Professor, Adjunct Committee

Representative, Mathematics, Johnson County Community College;

Adjunct Professor, Mathematics, Metropolitan Community College; High School Teacher, Math, Desoto High School

Stephanie Kelly, Assistant Professor, History Effective: 10.5 month contracted employee at an annual salary of $55,831 beginning

August 19, 2013 Education: Ph.D., Latin American History, M.A., Latin American History, B.A.,

Psychology, University of Houston Experience: Instructor, History, LSC-Kingwood; CORE Teaching Fellow, Teaching

Assistant, University of Houston, Adjunct Instructor, History, Houston Community College; Teacher, Social Studies, Galena Park I.S.D

Michael Moode, Assistant Professor, Speech Effective: 10.5 month contracted employee at an annual salary of $55,831 beginning

August 19, 2013 Education: Ph.D., Organizational Communication, University of Texas; M.A.,

Organizational Communication, B.A., Organizational Communication, Murray State University

Experience: Senior Student Associate, Graduate Assistant Instructor, Senior Design

Project Presentation Advisor, University of Texas-Austin; Adjunct Lecturer, Chapman University; Adjunct Lecturer, Argyros School of Business and Economics; Part-time Lecturer, California State University-Fullerton; Graduate Teaching Assistant, Adjunct Instructor, Murray State University

Ngangnang Njowo, Assistant Professor, Sociology Effective: 10.5 month contracted employee at an annual salary of $52,461 beginning

August 19, 2013 Education: M.A., Sociology, Texas Southern University; B.A., Journalism, University

of Yaoundé Experience: Instructor, Advisor, LSC-Kingwood; Staff Reporter, Jack Yates High

School; Reporter, Africa Digest

Lyle O’Neal, Assistant Professor, Math Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 19, 2013 Education: B.S., Mathematics, M.S., Mathematics, Tarleton State University

Experience: Adjunct Instructor, Tarrant County College; Adjunct Instructor, Navarro College; Adjunct Instructor, Northwood College; Instructor, On-line Instructor, Mathematics, ITT Technical Institute; Adjunct Instructor, Eastfield College; Adjunct Instructor, Weatherford College; High School Teacher, Granbury ISD; High School Teacher, Lancaster ISD; Bosqueville ISD

Cassandra Rincones, Assistant Professor, History Effective: 10.5 month contracted employee at an annual salary of $55,831 beginning

August 19, 2013 Education: Ph.D., U.S. History, Southwest Comparative Borders, Texas A&M; M.A.,

B.A. U.S. History, Texas A&M at Kingsville Experience: Instructor, History, South Texas College; Secondary Teacher, Weslaco

Independent School District; Secondary Teacher, Department Chair, Alice Independent School District

Daniel Tatarzyn, Assistant Professor, Developmental English Effective: 10.5 month contracted employee at an annual salary of $49,092 beginning

August 27, 2013 Education: B.A., History, University of Pittsburg Experience: Adjunct Faculty, ESOL, Interim ESOL Lead Faculty, Part-time Academic

Advisor, LSC-Kingwood; Adjunct ESOL Instructor, Houston Community College; Native English Teacher, Geos; EFL Teacher, Best English School

c. LSC- Montgomery

Eric Compton, Assistant Professor, Math Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 19, 2013

Education: M.C.A.M, Computational and Applied Mathematics, Rice University; B.A., Mathematics, University of St. Thomas

Experience: Assistant Professor, Instructor, Mathematics, Brookdale Community

College; Substitute Teacher, Mathematics, Charles DeWolf Middle School; Teacher, Mathematics, Davis High School

Jonathan Couch, Professor, Auto Technology Effective: 10.5 month contracted employee at an annual salary of $53,036 beginning

August 19, 2013 Education: A.A.S., Automotive Technology, Houston Community College

Experience: Machinist, McDowell Brothers Racing Engines; Machinist, Couch’s

Automotive Racing Services; Machinist, Cyber Motor Cars; Technician, Kings Crossing Automotive

Gustavo Cruz, Assistant Professor, Math Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 19, 2013 Education: M.S., Mathematics, The University of Texas-Pan American; B.S.,

Electrical-Mechanical Engineering, Universidad Autonoma de Nuevo Leon

Experience: Instructor, Edinburg Consolidated ISD; Lecturer, Teacher, Mathematics,

Assistant University of Texas-Pan American; Instructor, Math, Hidalgo ISD; Instructor, Math, Edcouch-Elsa ISD; Math Tutor, South Texas College; Teacher Aid, Donna ISD

Crista Force, Professor, Chemistry Effective: 10.5 month contracted employee at an annual salary of $58,358 beginning

August 19, 2013 Education: Ph.D., Curriculum and Instruction, M.S., Chemistry, Texas A&M

University; B.S. Chemistry, Math, Houghton College Experience: Teacher, Science, Cypress Fairbanks ISD; Adjunct Lecturer, Chemistry,

McClennan Community College; Assistant Professor, Baylor University; Lecturer, Supervisor of Student Teachers, Teaching Assistant, Instructor’s Assistant, Texas A&M University; Teacher, Math, Science, Vanguard Learning Institute; Teacher, Math, Science, Brazos Christian School; Math Teacher, Sylvan Learning Centers, Teacher, Science, Conroe ISD

Ulysses Mack, Professor, English Effective: 10.5 month contracted employee at an annual salary of $57,241 beginning

August 19, 2013 Education: Ph.D., Administration of Justice, M.A., History, Texas Southern

University; B.A., Clark Atlanta University Experience: Adjunct Instructor, English, LSC-Montgomery; Instructor, English

Literature, Transitional Preparedness Instructor, Texas Southern University;

William Morgan, Associate Professor, History Effective: 10.5 month contracted employee at an annual salary of $57,241 beginning

August 19, 2013

Education: M.A., History, University of Mississippi; B.A., History, University of

Georgia Experience: Adjunct Professor, History, LSC-CyFair; Adjunct Professor, History,

Houston Community College; Lecturer, Teaching Assistant, History, University of Texas at Austin

d. LSC-North Harris

Brenda Bryant, Assistant Professor, Developmental Reading and Writing Effective: 10.5 month contracted employee at an annual salary of $55,831 beginning

August 27, 2013 Education: M.E., English, Reading, Prairie View A&M University; B.S.,

Interdisciplinary Studies, University of Houston; A.A, North Harris Community College

Experience: Adjunct Faculty, English, LSC-North Harris; Teacher, English Language,

Klein Oak High School; Teacher, English Language, M.B. Smiley High School; Adjunct Faculty, English, Houston Community College; Youth Developmental Specialist, Houston Works USA; Substitute Teacher, Klein Forest High School

Julie De Vries, Assistant Professor, Art Effective: 10.5 month contracted employee at an annual salary of $54,148 beginning

August 27, 2013 Education: M.A., Fine Arts, University of Houston; B.A., School of the Art Institute

of Chicago Experience: Teacher, Art, Walker Elementary; Assistant Teacher, Art, University of

Houston Charter School; Instructor Drawing, University of Houston, Artist, Houston Center for Contemporary Craft

Roger Himelstein, Professor, AD Nursing Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 27, 2013 Education: M.S., Nursing, Walden University; A.A.S, Nursing, LSC-North Harris Experience: Nurse, St. Luke’s Hospital; Nurse, Northeast Hospital; Staff Nurse,

Conroe Regional Medical Center; Triage Coordinator, StatLine-LMC

Devethia Guillory, Professor, History Effective: 10.5 month contracted employee at an annual salary of $55,831 beginning

August 19, 2013 Education: M.A., B.A., History, University of Houston; A.A., History, Houston

Community College Experience: Adjunct Instructor, History, LSC-Montgomery; Instructor, History, Prairie

View A&M University; Instructor, History, University of Houston; Instructor, History, Texas Southern University

LeMardre Miller, Assistant Professor, Math Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 27, 2013 Education: M.Ed., Curriculum & Instruction, Sam Houston State University; B.S.,

Accounting, University of Phoenix Experience: Adjunct Faculty, LSC-North Harris; Curriculum Developer, Gulf States

Independent; Instructional Director, College Bound Jonathan Stansbury, Professor, Speech, Drama Effective: 10.5 month contracted employee at an annual salary of $49,782 beginning

August 27, 2013 Education: M.A., Communication, B.A., Communication Studies, Texas State

University- San Marcos Experience: Teacher, Speech, Alief Hastings High School; Instructor, Speech, San

Jacinto College; Debate Coach, Instructor Assistant, Texas State University-San Marcos

e. LSC-Tomball

Cynthia Galvan, Assistant Professor, Biology Effective: 10.5 month contracted employee at an annual salary of $58,358 beginning

August 27, 2013 Education: Ph.D., Neuroscience, Baylor College of Medicine; B.S., Biology,

University of Texas at San Antonio Experience: Adjunct Professor, Anatomy & Physiology, LSC-Tomball; Teacher

Assistant, Baylor College of Medicine

f. LSC-University Park

Kimberly Athans, Professor, English Effective: 10.5 month contracted employee at an annual salary of $54,148 beginning

August 27, 2013 Education: M.A., English, University of Houston; M.Ed., Curriculum & Instruction,

B.A., English University of San Diego Experience: Teacher, English, The Woodlands High School; Teacher, Humanities,

Mission Hills High School; Adjunct Instructor, English LSC-Montgomery; Teacher, English, Vista High School; Teacher, Language Arts, Robison Junior High School

Benjamin Gregersen, Assistant Professor, Math Effective: 10.5 month contracted employee at an annual salary of $50,776 beginning

August 27, 2013 Education: M.A., Mathematics, University of Houston; B.S., Mathematics, University

of Texas at Austin Experience: Adjunct Instructor, Math, LSC-North Harris; Teacher, Math, Telluride

Middle School; Teacher, Math, Hunter Jr. High School; Teacher, Math, Humble High School; Adjunct Instructor, Math, Houston Community College; Adjunct Instructor, Math, San Jacinto College

g. LSC-System Office

Sandra Gregerson, Executive Director, Student Success Effective: 12 month contracted employee at an annual salary of $91,000 beginning

August 1, 2013 Education: M.A., B.S., Education, Pittsburg State University Experience: Adjunct Faculty, System Student Success Analyst, System Disability

Services Counselor, LSC-University Park; Educational Consultant, D&G Educational Consultants, Inc.; Project Specialist, Humble ISD; Special Education Instructional Coach, Kingwood High School; Special Education Teacher, Eastern High School; Special Education Teacher, Sellars-Gunn Alternative School; Special Education Department Chair, Special Education Teacher, AltaVista High School; Special Education Teacher, Wichita West High School

Tameka Williams-Bruce, Executive Director, Human Resources Effective: 12 month contracted employee at an annual salary of $87,882 beginning

September 1, 2013

Education: Ph.D., Organization and Management, Capella University; M.B.A.,

Administration and Management; B.A., Criminal Justice, Sam Houston State University

Experience: Senior Manager, LSC-System Office Human Resources; Human

Resources Manager, Division Operations Manager, LSC-University Park; Adjunct Faculty, LSC-Montgomery; Adjunct Faculty, University of Phoenix; Human Resources Specialist, Hewitt Associates; Human Resources Specialist, Transportation Security Administration; Probation Officer, Walker County Adult Supervision, Outreach Instructor, City of Huntsville; Correctional Officer, Texas Department of Criminal Justice

Personnel Report and Consideration No. 2 (ACTION ITEM 6) Board Meeting 10-3-2013 Request:

Consideration of Resignations


That the resignations listed below be accepted and acknowledged. LSC-CyFair Amy Acord, Professor, Political Science Effective September 1, 2013 Michael Fey, Professor, English Effective September 1, 2013 Jacqueline Jebens, Professor, Sociology Effective September 1, 2013 Christine Timmerman, Professor, Counselor Effective August 9, 2013 LSC-Kingwood James Alleman, Professor, Math Effective August 1, 2013 Kari McMurray, Assistant Professor, Developmental English Effective September 4, 2013 Larisa Patrascu, Professor, Math Effective September 1, 2013 William Scott, Professor, Respiratory Care Effective August 1, 2013 LSC-Montgomery Gary Church, Professor, Librarian Effective September 1, 2013 Marie Ann Underdown, Professor, Chemistry Effective September 1, 2013 LSC-North Harris- Charlene Bigham, Professor, Speech, Drama Effective September 1, 2013 George Doyle, Assistant Professor, Art

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Exhibit "M"

Effective September 1, 2013 Cecil Harper, Professor, History Effective September 1, 2013 Lucky Howe, Instructor, Welding Effective September 1, 2013 Lawrence Loomis-Price, Professor, Chemistry Effective August 1, 2013 Cynthia Peterson, Professor, Nursing Effective September 1, 2013 Sylvia Rivera, Associate Professor, Political Science Effective September 1, 2013 Bobby Rivers, Director, Facilities Effective September 1, 2013 Kathleen Rosen, Professor, Nursing Effective September 1, 2013 Diane Springman, Professor, Nursing Effective September 1, 2013 LSC-Tomball Patricia Falbo, Professor, Math Effective September 1, 2013 Maria Ramos, Director, Advising, Counseling Effective: August 28, 2013 Chandra Schorg, Professor, Accounting Effective September 1, 2013 Felicity Short, Professor, Speech Effective September 1, 2013 Mary Trenkle, Professor, Foreign Languages Effective September 1, 2013 LSC-University Park Mary Ann Jackson, Professor, Education Effective August 16, 2013

Latosha Woodard, Director, Outreach & Recruitment Effective August 5, 2013 LSC-System Office Marwin Britto, Executive Director, LSC-Online Effective September 4, 2013 Luzelma Canales, Executive Director, Resource Development & Grants Effective August 28, 2013 David Truax, Director, Energy & Manufacturing Center Effective September 7, 2013

Staff Resource:

Rand Key 832-813-6522

Personnel Report and Consideration No. 3 (ACTION ITEM 7) Board Meeting 10-10-13 Request: Consideration of Approval of Commissioning of Peace Officers Chancellor’s That the Board of Trustees approves the commissioning of the following Recommendation: peace officers for the Lone Star College System.

Lone Star College–CyFair Duke Sariff-Bey – Part Time

Lone Star College–Tomball George A. Garcia – Part Time

Rationale: These officers are eligible to be commissioned by this Board because they:

1. Have a current license from the Texas Commission on Law Enforcement Officer Standards and Education;

2. Have taken and filed the oath required of peace officers; and 3. Possesses a sufficient number of college credit hours to meet the

minimum standard for a Lone Star College System peace officer. Fiscal Impact: None Staff Resource: Rand Key 832-813-6522

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Exhibit "N"

minutes of the workshop and regular meeting of the …€¦ · viii. approval of the minutes of the...

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