SSC Receives Clean External Audit at Board Meeting

The Seminole State College Board of Regents met Oct. 26 to review the College’s annual external audit report and approve a name, image and likeness (NIL) policy for student-athletes.

The meeting opened with a review of the College’s recent expenditures by Vice President for Fiscal Affairs Melanie Rinehart. Then SSC President Lana Reynolds presented her President’s Report, which included an update on the College’s personnel changes and information about campus activities.

The review and approval of the 2023 fiscal year external audit was the first action item on the agenda. The Board approved the audit conducted by Hinkle and Company, P.C. of Tulsa. The audit focused on College operations from July 1, 2022 to June 30, 2023. Prior to the meeting, the report was presented to the Board Audit Committee, composed of Regents Kim Hyden, Bryan Cain and Curtis Morgan. Matt Bauman, a representative of Hinkle and Company, P.C., provided a summary at the meeting. The accounting firm communicated that they found no significant deficiencies or material weaknesses. They issued an unqualified — or clean — audit.

Next, the Board approved a new policy regarding compensation and the use of student-

athletes’ name, image and likeness. Any student-athlete may earn compensation if it is provided by a third party that is not affiliated with SSC. Compensation cannot be provided in exchange for attending SSC or for athletic performance, including playing time or statistical opportunities. Any agreement between a student-athlete and a third party cannot conflict with clauses found in the Student-Athlete SSC Agreement. A student-athlete may obtain professional representation for the purpose of securing compensation for the use of their NIL, but they cannot obtain professional representation for the purpose of future representation in professional sports without risking amateur status with the National Junior College Athletic Association (NJCAA).

With the final action item, the Board approved the Agreement for Exchange of Services with the SSC Educational Foundation. The document is presented every other year to both the SSC Board of Regents and the SSC Educational Foundation Board of Trustees.

Under the consent agenda, the Board approved program modifications for the Psychology Associate Degree in Science, the Pre-Engineering Associate in Science, and the Computer Science Associate in Science.

Board members present at the meeting were: Vice Chair Bryan Cain, Marci Donaho, Curtis Morgan and Robyn Ready.

The next SSC Board of Regents meeting is set for Thursday, Dec. 14, 2023.