Board Of Regents For Higher Education Meeting Minutes
The Board of Regents Finance and Infrastructure Committee meeting involved discussion and approval of several high-value contracts, including HVAC repair services and a food services contract amendment for Central Connecticut State University. The meeting also addressed financial reporting improvements aimed at increasing transparency and accountability, the tuition and fees refund policy for universities, the establishment of tuition reduction programs at Eastern Connecticut State University in partnership with external organizations, and a review of the spending plan for the upcoming fiscal year. Additionally, the committee discussed institutional revenue and expenditure trends, operating deficits, and long-term financial projections for the system and its member institutions.
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The committee reviewed and adopted an amended audit committee charter, which incorporates new subheadings and additional specificity regarding responsibilities, and emphasizes the role of the director of internal review. Additionally, representatives from Grant Thornton presented the audit plan for the system's institutions, highlighting new GASB standards regarding financial statement presentation and discussing the chronic challenges of receiving foundation audit reports in a timely manner. The committee also engaged in required inquiries regarding potential fraud and risks.
Mar 11, 2026·Board meeting
Board of Regents Finance Committee Finance Meeting
The committee held a meeting to review and approve several policy and administrative items. Key discussions included the adoption of a new policy governing the use of institutional funds, clarifying permissible and non-permissible expenditures, and the establishment of a software asset capitalization policy to ensure compliance with state property control requirements. Additionally, the committee discussed the Connecticut Finish Line Scholarship program, focusing on its goals to reduce financial barriers for students, promote transfer between institutions, and support timely degree completion, while noting the need for ongoing legislative advocacy regarding funding levels for the program.
Dec 16, 2025·Board meeting
Board Of Regents For Higher Education Agenda
The Audit Committee meeting agenda included a declaration of quorum, discussion items, and adjournment. Key discussion topics involved a management update from Lloyd Blanchard and Annette Pavone, an update on the APA Audit from Cameron Liston, a presentation on the CSCU 2020 Construction Expenditure Audit Report by Whittlesey, and a Financial Statement Audit Planning Presentation from Grant Thornton, covering draft financial statements for Connecticut State Universities, CT State Community College, and Charter Oak State College for June 30, 2025.
