Originally published in Castine Patriot, May 10, 2018
MMA trustees meet, briefly
Maine Maritime Academy Board of Trustee member Robert J. Peacock II, at right, greets Castine Town Manager James Goodson III, center, and Selectman Peter Vogell at the start of a May 4 quarterly meeting.
by Anne Berleant
The Maine Maritime Academy Board of Trustees met under the Chairmanship of Robert Somerville May 4 after a day of standing committee meetings.
In the most critical action, President Bill Brennan requested trustees approve conferral of degrees prior to commencement the next morning.
“Fundamentally our role is to ensure that we’re able to graduate good, highly qualified graduates,” he said.
The education committee reported a 87 percent pre-graduation employment rate for 2018, which will increase after graduates receive Coast Guard certification.
For the 2018-19 school year, 294 enrollees “are in hand,” Vice President for Student Affairs Elizabeth True said, towards an expected 300 in the incoming class.
Treasurer John “Dugan” Shipway summed up the year’s financials, stating that the fiscal year began with MMA $1 million in the red but the operating budget is now “looking excellent.” Savings came from fewer faculty and lower health insurance costs, he said.
In addition, he noted, “In this year of turmoil our [managed investments] were flat.”
The operations report noted that the dining facilities will be renovated over the summer, with a completion goal of September, before students return.
Student trustee Truman Slocum attended his final meeting; Brandon St. Germain, of Ellsworth, was welcomed as the incoming student trustee.
The board also approved the acceptance of gifts, grants, and donated property, amended the Thomas H. Cook Deck Officer Scholarship Fund, and established the Charles E. Raymond ’65 Endowed Scholarship Fund.
The board next meets on August 9 and 10 at MMA.