California State University Northridge

The committee addressed several organizational and financial matters, including the appointment of a nominating committee and the approval of instructional improvement program grants. Extensive discussions took place regarding research and sponsored program challenges following federal funding changes, updates on housing projects including duplex and ADU developments, and an evaluation of the campus store contract with current providers. The committee also authorized the sale of real estate in Lancaster, approved updates to faculty and staff housing tenancy policies, and reviewed and recommended the 2025/2026 operating budget, which accounts for projected revenue reductions and strategies for maintaining fiscal stability.

The Board of Directors discussed several key agenda items, including the reappointment of board members and the election of officers. A delegation of authority was granted regarding California Office of Emergency Services (CalOES) grants and contracts. Updates were provided on the progress of Duplex and ADU housing projects, including construction timelines and budget allocations. The Board reviewed the current contract status for the CSUN Campus Store and discussed potential future partnerships. Additionally, the operating budget for the upcoming fiscal year was presented, covering financial projections, staffing considerations, and department-specific updates amid federal grant uncertainties.

The board discussed several key initiatives, including updates on the construction of duplex and accessory dwelling units for faculty and staff housing, specifically reviewing progress on ongoing phases and approving funding for the pre-development of Phase IV. Additionally, the board received a performance update on campus dining services provided by Chartwells, discussed the shift in oversight of the KCSN radio station to ensure alignment with university goals, authorized the sale of the Reseda Annex property, and explored a potential real estate acquisition on Zelzah Avenue for future residential development.

The committee appointed a nominating committee for upcoming officer terms. Discussions focused on the Instructional Improvement Grant program, specifically supporting faculty-led teaching initiatives and undergraduate research, with a total budget allocation for FY 2026-2027 approved. Project updates included the ongoing development of duplex and ADU housing phases, and initial funding was authorized for preliminary development work on the Zelzah property to expand faculty and staff housing. A comprehensive review of the 2026/2027 operating budget was conducted, covering divisional performance, capital activities, and investments, followed by a report on Research and Sponsored Programs activities.

The committee reviewed year-end financial statements for FY 24/25, discussed preliminary budget projections for FY 25/26, and analyzed growth in net assets and investment gains. A discussion regarding real estate holdings and potential property acquisitions took place. Updates were provided on ongoing housing projects, including duplex and ADU construction phases, along with plans for future development. The committee recommended approval of a five-year contract extension for the campus store vendor, Follett, following a competitive offer analysis. Additionally, a report on research and sponsored programs activity was presented, highlighting record-high indirect cost recovery and updates on the federal funding landscape.