California State University Monterey Bay

The agenda included the appointment of directors, policy reviews, and various reports covering the president's activities, executive management, investment committee, auxiliary audit committee, financial status, external funding, and foundation updates. The board also discussed and approved the 25/26 Budget Request, additional employee housing feasibility study funding, and the Gavilan Building conversion to a residential hall. Furthermore, the board reviewed and revised policies related to post-employment resident housing and signature authorization, as well as sunsetting Corporation Policy 311-001 C and adopting the CSU Hospitality Policy.

The agenda includes discussion and potential action regarding the revised resolution for the Gavilan Building (201) conversion to a residential hall. The resolution seeks approval for an increase in the total project budget, from $18 million to an amount not to exceed $20 million, with financing through the CSU Systemwide Revenue Bond (SRB) Program. The Executive Director is authorized to execute necessary agreements and take related actions.

The budget proposal includes revenues from housing, real estate sales, sales and services of auxiliary enterprises, other operating revenues, and sponsored programs. Expenses include salaries and wages, benefits, contractual services, utilities, supplies and services, travel, meal concessions, repairs and maintenance, payments for services, equipment, information technology costs, insurance, depreciation, cost of goods sold, and other expenses. Adjustments prior to net to reserves include depreciation and amortization and KAZU available operating cash. The document also covers university support, non-operating expenses, and long-term debt.

The agenda includes the appointment of directors, election of board officers, and appointment of standing committee members. The board will also discuss the proposed budget request for 25/26, additional employee housing feasibility study funding, and the Gavilan Building conversion to a residential hall. Reports will be presented by the President, Executive Director, Investment Committee, and others, covering topics such as East Campus housing, financial status, external funding, and auxiliary audit committee findings. The board will also discuss a resolution to fund the renovation of Gavilan Hall into a residential hall and address high-priority capital project requests.

The University Corporation at Monterey Bay Board of Directors Meeting included the appointment of board directors and election of board officers, as well as the appointment of standing committee members. The President reported that the Corporation will continue to fund the Foundation but will no longer support emergency fund requests, and also noted the State issued cuts to the CSU budget. There was also a discussion regarding position vacancies at the Corporation Administration Office and student housing occupancy. The Board reviewed the proposed 24/25 Budget Request, including capital projects and capital outlay, and heard reports from the Auxiliary Investment Committee, Auxiliary Audit Committee, and updates on East Campus Housing projects, external funding, and private grants.