YANKTON, S.D.(WNAX)- The South Dakota Board of Regents are holding their summer retreat at Lewis & Clark Resort west of Yankton.

Regents President Pam Roberts says it gives them more time for discussions.

Roberts says one issue they are working on is how best to spend their state funding.

Roberts says they were able to discuss that in detail.

Regents Executive Director Brian Maher says they spent some time on the SB55 process.

SB55 was passed by the legislature last year and mandated the Regents refine their financial management.

Maher says they are still working through the efficiencies they need.

Maher says they aren’t looking for any major changes or cuts.

Roberts says they have worked out their budget for next year and will submit it to the Governor’s office next month.