California State University Stanislaus

The board meeting included the announcement of the Provost's departure and discussions regarding campus repopulation plans. Key actions included the establishment of a Development & Stewardship Committee, the approval of a LAIF resolution, and the authorization of a 3 percent endowment payout distribution for the upcoming fiscal year. A presentation was provided on the CareerReadyU program. Additionally, the board received departmental reports covering student services, alumni engagement, athletics, and faculty activities, along with a review of financial and tax filings by the audit committee.

The meeting involved an introduction and update from Graystone Consulting regarding investment management services. The Board elected a new director and discussed the implementation of new board management software to improve administrative efficiency. Key presentations included an update on the university brand messaging and a report on student basic needs, specifically the Campus Cares initiative, which includes the Warrior Food Pantry and Student Emergency Fund. The Board also reviewed a proposal to create a new Development & Stewardship standing committee. The university president provided a comprehensive campus report covering enrollment figures, budget updates, and faculty research achievements. Additionally, the finance chair provided an update on the foundation's investment fund status.

The committee approved the nomination of a new board director to be forwarded to the full board for election. Additionally, the committee discussed the 'Honoring the Past, Forging the Future' award, reaching an agreement to postpone the ceremony until a time when participants can gather in person, citing current pandemic-related environmental concerns.

The Audit Committee reviewed and approved the audited financial statement for the fiscal year ending June 30, 2020. The committee also held a conference session with the auditor to discuss the performance of the accounting staff during the audit process, following which they voted to accept the financial statements as final.

The Audit Committee reviewed and approved the audit plan for the fiscal year ending June 30, 2020. A representative from Aldrich, CPA's provided a comprehensive presentation outlining the firm's audit strategy and procedures for the upcoming fiscal year.