ETBU Board of Trustees Receives Good Audit Report
Sep 06, 2013 | 1014 views | 0 0 comments | 17 17 recommendations | email to a friend | print

ETBU Board of Trustees Receives Good Audit Report

 

MARSHALL, Texas (9/06/13) - The East Texas Baptist University Board of Trustees convened today and received the 2012-2013 audit report from local CPA firm Knuckols, Duvall, Hallum & Co.  The financial audit stated that ETBU had been given an unqualified opinion. An unqualified opinion means that no discrepancies were found, and that the financial statements fairly represent the condition of the University as of May 31, 2013. The audit also confirmed the University’s financial aid program is in compliance with all applicable federal statutes.

“It is almost a given that the financial statements of a Christian university like ETBU should receive the best report from an audit. The clean opinion by Knuckols, Duvall, and Hallum shows once again the strong position of the University and its leadership,” said Sam Moseley, ETBU Board Chair.  

            During the meeting new Trustee officers were appointed by the members to begin service in January 2014. They are David Anderson of Carthage, County Judge of Panola County, Board Chair; Maj. Gen. Vernon Lewis of Karnack, retired from the US Army, Vice Chair; and Susan Bush of Athens, business owner, Board Secretary.

ETBU President Dr. Dub Oliver shared with the Board the progress on Centennial Hall.  The 362 bed, 123,500 square foot, four story living-learning community is being constructed west of the Ornelas Spiritual Life Center and scheduled to be completed in August 2014.

In other action, Trustees approved the naming of the Maxwell Strength Training Center in honor of the lead gift given by Mr. and Mrs. Mike Maxwell of Lake Cherokee. The Maxwell Strength Training Center completed in 2011 is a 6,000 square feet building that includes a large weight room, plyometrics area, and visitor locker room. The strength area, which is 4,800 square feet, has eight Power Lift power racks with full set of dumbbells for each station as well as auxiliary machines to help all Tiger athletes reach their strength goals. The Maxwell Strength Training Center is located in the southwest corner of Ornelas Stadium.

Six trustees were honored for dedicated service to the University at a Trustee dinner held in the Phillips Great Room in the Bennett Student Commons on Thursday evening. The members rotating off the Board after nine consecutive years of service are Glenn Bickerdike of Marshall, president, Bancorp South; Ray Delk of Marshall, vice president operations, Good Shepherd Medical Center-Marshall; Dr. Kenny Hall of Marshall, ophthalmologist; Dr. John A. Hatch of Longview, executive director, Gregg Baptist Association; Rev. James E. Webb of Longview, Merck Human Health and pastor, Bethesda Missionary Baptist Church-Marshall; and Sam R. Moseley of Marshall, attorney.

Trustees held a morning and afternoon meeting to allow participation in Fall Convocation held in Baker Auditorium of the Ornelas Spiritual Life Center.  The next scheduled board meeting will be January 17, 2014.

East Texas Baptist University offers graduate programs in business, counseling, religion and education, as well as 40 undergraduate degree programs. ETBU provides a Christ centered education that emphasizes the integration of faith and learning. The ETBU experience is known for “Embracing Faith, Engaging Minds, and Empowering Leaders.” For more information, visit www.etbu.edu.
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