California State University Monterey Bay

The meeting agenda includes the election of board directors and officers as part of the annual meeting proceedings. The regular meeting session features the presentation and request for approval of the 2025/26 budget. Additionally, various departmental reports will be provided, including updates from the President, CEO, Provost, and the VP for Enrollment Management and Student Affairs, along with reports from the Auxiliary Investment and Audit Committees. The board will also discuss the implementation of the strategic plan and conduct a closed session.

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.