California State University Northridge

The committee reviewed and recommended approval for several 2026-27 allocation proposals, including a Capital Outlay Allocation Proposal for equipment such as golf carts and audiovisual upgrades, a Major Purchase, Repairs, and Replacements Allocation Proposal covering roof replacements and HVAC upgrades, and a Designated Reserves Allocation Proposal for payroll-related items.

The committee reviewed the performance and FI360 scores of the retirement plan funds for the fourth quarter, identifying specific funds placed on a watch list. The discussion also covered plan expenses, noting that the USU's plan fee is 0.77% when considering only participant expenses, which is lower than the industry average. Furthermore, the committee received an update on the Voluntary Employer Beneficiary Association (VEBA) Trust account, including its current balance and the monthly investment amount for the fiscal year.

The committee meeting focused on establishing meeting dates for the upcoming academic semesters and defining committee goals for the 2021-2022 academic year, including support for the renovation project, space allocation procedures, and campus repopulation efforts. Additionally, the committee received a progress presentation on the University Student Union project and held a discussion on various marketing tactics to promote the project to students, such as utilizing social media, hosting tabling events, and increasing campus-wide awareness through promotional materials.

The committee discussed the planning of a team-building activity, ultimately selecting a date and time for the event. Additionally, an overview of University Student Union projects was provided, featuring a presentation on the master plan for the gateway landscape, including projected completion timelines for future campus projects. The committee also exchanged feedback regarding recent professional development and networking experiences at various conferences and industry events.

The committee reviewed a computer lab utilization analysis and proposed reallocating workstations. They discussed a new lost and found procedure for the Valera NEST lockers, received an update on the decommissioning and renovation plans for the former Plaza Pool, and explored the potential installation of a pizza vending machine near the East Conference Center, including operational, aesthetic, and financial considerations.