Board receives finance and facilities briefing; trustees approve consent agenda and adjourn

The Board received a finance and administration briefing from Matt McGregor, Vice President for Administration and Finance, that outlined preparations for FY27 budget planning amid the governor’s office transition and for potential federal continuing resolution developments.

McGregor said his team has taken steps to prepare to access federal funding if needed, and reported that budgets are consistent with projections. He reviewed room‑and‑board planning aimed at limiting increases while meeting campus expectations. Ongoing capital projects cited included site preparation for the new music building, the Pomp Sports Performance Center in Iler Hall, new baseball turf, and a refresh of Dorrill Dining Hall; administrators said most capital work is philanthropically funded, the dining hall refresh was funded by Aramark, and the music building is state‑funded.

Board member Carmen Faison asked about living requirements and capital funding; McGregor confirmed a three‑year live‑on‑campus requirement and that the noted construction projects were philanthropically funded except where otherwise specified. The consent agenda and minutes, which included program approvals and routine items, were moved by Chuck Fagan, seconded by David Rose, and approved unanimously. The meeting adjourned at 5:14 p.m. on a motion by David Rose and seconded by Chuck Fagan.