Smart presented his self-assessment to the board in an executive session at its June meeting.
The board began the process via an electronic survey that evaluated Smart in these major categories:
- Strategic leadership.
- Educational leadership.
- Organizational management.
- Financial management.
- External relations.
- Internal relations.
- Board and governance relations.
- Personal characteristics and values.
The board completed its evaluation on Aug. 5 as part of its regular board meeting. Smart performed well in all areas.
“As the pandemic continued for a second year, President Smart moved the university forward, attaining significant funding and strategically guiding the university to a position of strength,” said board Chair Carol Silvey.
Smart will receive a 4% raise, the same increase that was given to all full-time employees. This will bring his base salary to $407,056. In addition, he will receive a $25,000 retention bonus at the end of the year.
Full-time employees working at the university on July 1, 2022, will receive a retention bonus of $1,000 at that time, as well.
He will also receive a $50,000 cash retention bonus on June 30, 2023, as agreed in an earlier contract adjustment. Given his exceptional performance over the last several years, the board is also increasing his annual cash retention bonus to $75,000 starting June 30, 2024.
“We had a very successful year, achieving record capital funding and appropriations at both the state and federal levels, obtained recognition as a doctoral-granting institution, and broke our private fundraising record for the third straight year,” Smart said. “I appreciate the board’s recognition of that work, which occurred during the pandemic.”
Smart’s contract continues through June 30, 2026.