May 19, 2026 Board Meeting Agenda

Tuesday, May 19, 2026 – 4:30 p.m. – Board Room (C-307)

The meeting can be accessed by the public at link https://ivcc-edu.zoom.us/j/83022731831.

1. Call to Order

2. Pledge of Allegiance

3. Moment of Silence

4. Roll Call

5. Approval of Agenda

6. Public Comment

7. Consent Agenda Items – Anyone may remove an item from the consent item list by requesting the chair to do so. Items removed will be discussed and voted upon immediately following passage of the remaining consent items.

7.1 Approval of Minutes – April 21, 2026 Closed Session Minutes Committee Meeting, April 21, 2026 Board Meeting, and May 4, 2026 Board Special Meeting (Pages 1-10)

7.2 Approval of Bills - $1,685,017.36

7.2.1 Education Fund - $1,387,813.79

7.2.2 Operations and Maintenance Fund - $70,183.51

7.2.3 Operations and Maintenance (Restricted) - $8,465.00

7.2.4 Auxiliary Fund - $83,597.10

7.2.5 Restricted Fund - $21,976.28

7.2.7 Liability, Protection, and Settlement Fund - $112,250.23

7.2.8 Grants, Loans, and Scholarships - $731.45

7.3 Treasurer’s Report (Pages 11-33)

7.3.1 Financial Highlights (Pages 12-13)

7.3.2 Balance Sheet (Pages 14-15)

7.3.3 Summary of FY26 Budget by Fund (Pages 16-24)

7.3.4 Budget to Actual by Budget Officers (Page 25)

7.3.5 Statement of Cash Flows (Page 26)

7.3.6 Investment Status Report (Pages 27-31)

7.3.7 Disbursements - $5,000 or more (Pages 32-33)

7.4 Personnel – Stipends for Pay Periods Ending April 4, 2026 and April 18, 2026 (Pages 34-35)

8. Student Trustee’s Report

9. President’s Report

10. Committee Reports

11. Faculty Resignation – David Garrison, Math Lab Instructor (Page 36)

12. Approval – Working Cash Transfer (Page 37)

13. Purchase Request – 2025 F-750 Diesel Regular Cab Base (F7D) (Page 38)

14. Purchase Request – Camera Fiber Cabling (Page 39)

15. Purchase Request – Tesla Model 3 Premium AWD Electric Vehicle (Page 40)

16. Approval – Twin City Energy Services, Inc. Proposal of Electricity Purchase (Page 41)

17. Approval – Board Policy 06.17 Alcoholic Beverages Sales (Pages 42-44)

18. Approval – President’s Contract Addendum (Page 45)

Approval of the addendum to the employment contract for President Dr. Tracy Morris. The President’s annual salary for the period of July 1, 2026 - June 30, 2027 shall be increased by 3.5%, which is in alignment with all employees for the fiscal year, to $227,836.00 per annum, as well as benefits and other conditions presented in the original contract. This increase will be made in alignment with institutional processes.
Contract link: https://www.ivcc.edu/board/contracts/index.php

19. Items for Information (Pages 46-49)

19.1 Change Order – 2025 Campus Renovations (Page 46)

19.2 Lease – Economic Development Corporation of North Central Illinois (Page 47)

19.3 Agreement – Extension of City of Spring Valley TIF District I (Page 48)

19.4 Employee Report (Page 49)

20. Trustee Comment

21. Closed Session – 1) the appointment, employment, compensation, discipline, performance, or dismissal of specific employees of the public body; 2) pending or imminent litigation; 3) collective negotiating matters; and 4) closed session minutes.

22. Possible Approval – Compensation FY27 – Employees Not Affected by a Negotiated Labor Agreement

23. Possible Approval – Vice President for Business Services and Finance Contract Addendum

24. Approve and Retain – Closed Session Minutes – April 21, 2026

25. Approve and Retain – Special Meeting Closed Session Minutes – May 4, 2026

26. Other

27. Adjournment