Southeast Tech reviews financials as students thrive in Build Dakota program

The Southeast Tech School Board convened on July 16, 2025, to discuss various topics, including student support programs and financial updates for the fiscal year. The meeting highlighted the positive impact of the Build Dakota Scholarship program, which requires recipients to work with their industry partners for three years post-graduation. This initiative aims to ease the transition into the workforce for students, particularly those from challenging backgrounds. One board member shared a touching story about a mentee who benefited from the program, emphasizing the emotional significance of securing a job for students with difficult pasts.

The board also addressed financial matters, with Vice President of Finance Christine Goldsmith presenting a budget update. As of July, the college had received approximately $29.6 million in revenue, primarily from tuition and fees, which accounted for nearly half of the total income. Goldsmith noted that while expenses were slightly higher than revenues, the college's fund balance would help manage the shortfall. The board discussed the importance of maintaining a healthy fund balance to navigate the natural fluctuations in higher education finance.

Goldsmith reported that the college's spending was primarily directed towards instructional services, which is considered a positive trend. The board acknowledged the financial report and expressed confidence in the college's ability to manage its budget effectively as the fiscal year progresses.

In conclusion, the meeting underscored the board's commitment to supporting students through scholarship programs and maintaining financial stability. The next steps include continued monitoring of the budget and exploring efficiencies to enhance financial management.