California State University Sacramento

The Finance Committee meeting addressed several key financial and portfolio matters. Discussions included the review of Financial Statements and the Budget to Actuals Comparison as of June 30, 2025, noting the foundation was under budget in most areas but over budget in revenue. The committee reviewed the Q2 performance of the Sand Hill Global Advisors Portfolio, where the UFSS Endowment Portfolio rose by 8.02%, outperforming the benchmark. The committee recommended moving the financials to the Executive Committee for approval. In the Open Forum, an update was provided regarding the draft of the Reserve Policy, which is awaiting review by the President before distribution to the committee.

The meeting commenced with the approval of the current agenda. Key updates included a presentation of the draft audit by the firm CLA, which resulted in a clean audit with no findings, pending ratification at the next Board meeting. The Finance Committee reported that the portfolio is outperforming the benchmark and moved to advance financial statements for board review. The Governance Committee addressed the necessity of board orientation and onboarding, and passed a motion recommending the Board establish clear expectations for in-person versus remote meeting attendance. The committee also reviewed the UFSS Dashboard and the agenda for the upcoming October Board Retreat and meeting.

The meeting began with a call to order, followed by an opening to public comments where none were made. The agenda for the meeting was approved. The primary discussion involved the Fiscal Year 2025-26 UFSS Budget Presentation, which was advanced by motion to the Executive Committee for their subsequent approval before proceeding to the full board. No items were addressed during the Open Forum.

The meeting was called to order with a quorum present. Key agenda items included the approval of the December 5, 2025 agenda and a closed session dedicated to discussing personnel matters. No public comments were offered, and no other business was discussed before the adjournment.

The Governance Committee meeting focused primarily on the UFSS Board Recruitment Process. Key discussions included reviewing the draft recruitment document, defining collaboration among committee and board members for candidate selection, and noting that the process is in Stage 3. The committee discussed utilizing the Engagement Dashboard in Stage 7 and the need for a concrete recommendation on giving levels for prospective members. A suggestion was made to bring at least two new board member recommendations to the February 17, 2026 Board meeting. The committee approved the draft recruitment process. Furthermore, a motion established expectations for board giving, mandating 100% annual commitment, a minimum annual contribution of $1,500 with encouragement to join the President's Circle, and 100% participation on Give Sac State Day. Other business included a proposal to challenge the Board to achieve 100% participation in giving towards the Basic Needs Center and the ASI Food Pantry, with an announcement planned for the President's Holiday Celebration. The UFSS Board Matrix was also reviewed.