Dr. J. D. Holmes & Associates International, LLC

Master of Business Administration 1991

n Served as chief financial and administrative officer for the academic health sciences center with an annual operating budget of $113 million, $78 million endowment, $100 million in assets and approximately 950 employees. The sources of annual operating funds were federal and state appropriations, grants, contracts, students, and private donors. Was responsible for finance and accounting, business services, cash, endowment and pension management, student financial aid, human resources, information technology, facilities, security and auxiliary services. Served as liaison to the Board of Trustees’ Finance, Buildings and Grounds Committees and provided regular updates to the Audit Committee

Major Accomplishments:

·1 Completed $115 million in tax-exempt bond financing and refinancing

·2 Provided oversight for $70 million in construction projects to restore and construct campus facilities

·3 Achieved nine years of clean financial audits and balanced budgets

·4 Significantly improved management and union employee

relations and successfully negotiated long-term collective bargaining contracts

·1 Implemented unitized endowment management and reporting systems

·2 Served on the Meharry-Vanderbilt University Alliance Formation Board

 

January 1994 – November 1998 Meharry Medical College

n Served as chief business and financial officer for the institution. Responsible for all accounting, cash management, long-term and short –term financing, grants and contracts (post award), budget, purchasing and auxiliary services for the institution with an annual operating budget of $82 million and endowment portfolio of $69 million.

Major Accomplishments:

·1 Served as financial team leader in negotiating with Metropolitan Nashville Davidson County to enter into a 30 year lease of a Meharry owned facility and professional services agreement for providing health services to the indigent population

·2 Restructured the College’s balance sheet and vendor terms that eliminated the effects of a $49 million cumulative operating deficit

·3 Negotiated with the State of Tennessee to obtain ongoing financial support for the College’s academic programs

 

n July 1992 to December 1993 – Owner of Donnetta Butler and Associates -- a management and accounting consulting firm. Provided accounting and management support to educational, non-profit and healthcare organizations with special emphasis on financial management issues for Meharry Medical College.

 

n July 1985 to June 1992- Associate Vice President for Finance and Treasurer, Meharry Medical College. First woman named to the position in the college’s history. Responsibilities included managing all cash receipt and disbursement transactions associated with an annual operating budget of approximately $60 million and management of a $30 million endowment fund. Responsibilities also included arranging for short term borrowing, managing short-term investments, accounts payable; student accounts receivable, student loan collections; banking and other financial institution relations.

Major Accomplishments:

·1 Identified software provider, initiated and led the selection and installation of the Information Associates Series Z administrative software

·2 Developed and initiated the plan to bring the campus based student loan programs into compliance with federal regulations including default rate reduction.

 

·3 Converted student accounts receivable and student loan activity from ledger card system to computerized system prior to Series Z implementation.

 

·4 Developed cash management systems that included controlled disbursement and lox box accounts; automated bank balance reporting and increased interest income by 100% on operating cash accounts.

§ March 1984 to June 1985 Manager, Fiscal Affairs, Division of Institutional Advancement, Meharry Medical College. Responsible for all fiscal matters including divisional budget development and monitoring. Coordinated all gift accounting and reporting activity.

 

Major Accomplishment::

·1 Developed accounting and reporting systems for the Plan for Academic Renewal, a $32 million fund raising campaign.

 

§ October 1981 to February 1984, Supervisor, Accounting Department, Meharry Medical College. Responsible for general accounting activity including preparation of financial statements; reviewing and approving all journal entries into the general ledger and coordinating accounting activities related to the annual audit.

 

Major Accomplishment:

·2 Implemented procedures that significantly reduced the number of accounting system deficiencies.

§ August 1980 to September 1981, Assistant Bursar, Tennessee State University. Responsible for cash transactions and student accounts receivable activity for 7,000+ students.

 

Major Accomplishment:

·3 Coordinated project mandated by the Tennessee Board of Regents to determine accurate receivable balances on approximately 1,500 student accounts.

§ July 1966 to July 1972, Statistician, Tennessee Department of Employment Security. Prepared monthly and annual reports on total persons employed in all manufacturing and non-manufacturing industries in the State of Tennessee. Prepared year-end reconciliations and submitted results to the U.S. Bureau of Labor Statistics.

 

n Married

n Two Adult Sons