Angela Cvetkovski

The meeting included reports on administrative and accreditation updates for various health science schools, a medical group growth strategy, and the Sentara Transitional Support Agreement. The Board approved faculty appointments and academic honors. A senior leadership report highlighted the achievement of continued accreditation status for graduate medical education programs. Financial reports were presented covering educational programs, sponsored research, and the medical group's performance regarding patient revenue and system implementation. Additionally, the Board approved a Fiscal Year 2026 budget adjustment involving funding for the ODU transition and Medicaid supplemental payments.

The subcommittee reviewed the financial performance of the health sciences and nursing programs, noting a favorable variance in the Education & General programs due to salary savings and strong performance in sponsored programs. Additionally, the medical group reported on their financial standing, highlighting challenges related to net patient care revenue and the implementation of a new electronic health record system, with expectations for improvement in upcoming months.

The Committee approved seven faculty appointments and four emeriti appointments as part of the consent agenda. The committee also passed a resolution for the closure of the Bachelor of Arts program in Asian Studies and the closure of the Bachelor of Arts and Bachelor of Science programs in Women's Studies. Informational reports were presented by the Provost and Executive Vice President for Academic Affairs regarding faculty accomplishments, work-based learning, AI curriculum, and the General Studies major. The Vice President for Research and Economic Development provided updates on research advancement initiatives, including faculty research investments and efforts to expand undergraduate engagement in team-based research.

The committee reviewed the university's financial overview, including operating structure, enrollment trends, and the fiscal impact of the Virginia Military Survivors and Dependent Education Program. A proposal for the 2025-2026 operating budget was recommended for full board approval. Additionally, the committee received the university's financial performance report, an update on Small, Women-Owned, and Minority-Owned business utilization, and progress reports on strategic initiatives including EV charging infrastructure, campus wayfinding signage, and facility services culture change. Capital project updates were provided for several buildings, and the Educational Foundation investment report was presented.

The committee meeting focused on updates regarding the Capital Campaign, noting that fundraising for the current fiscal year has reached $62 million, exceeding the $40 million goal, and that the campaign is nearing its $500 million objective. Discussion also covered the 2025 Bank of America Study of Philanthropy and strategies for donor engagement. Additionally, the committee reviewed the Forward-Focused brand campaign, social media and media engagement successes, and the performance of University Licensing, which currently manages 203 licensed vendors and has seen revenue growth through new partnerships and product launches.