Board Of Trustees Budget And Finance Committee Minutes
The committee reviewed and recommended approval for the 2025-2026 university operating budget, spending authority, carryforward spending plan, and the fixed capital outlay budget. Additionally, the committee discussed the Board of Governors' financial metrics based on data from the 2023-2024 fiscal year and received updates regarding the 2025-2026 work plan, charter review, and the 2024-2025 fixed capital outlay budget. Future planning discussions were initiated regarding auxiliary operations and potential financial impacts for upcoming years.
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Budget And Finance Committee Of The Board Of Trustees Meeting
The Committee reviewed and recommended approval of the preliminary 2024-2025 university operating budget, spending authority, and the individual operating budgets for various Direct Support Organizations and related entities. Discussions included the renewal of a reducing revolving line of credit, the release of unrestricted surplus by the UCF Stadium Corporation, and a contract extension for pouring rights with Coca-Cola. The committee also received information regarding the third-quarter university investment report, the final university audited financial statements, and the release of an athletics association memorandum of understanding.
Feb 22, 2024·Board meeting
University Of Central Florida Board Of Trustees Budget And Finance Committee Meeting
The Budget and Finance Committee reviewed and discussed the operating budget for the Housing Auxiliary with Bonded Debt for the 2024-2025 fiscal year. Additional topics included a discussion on the draft university audited financial statements for the fiscal year ended June 30, 2023, which reported an unmodified opinion, an review of internal bank protocols, analysis of SPIA balances and short-term investments, and updates on the university investment report and fixed capital outlay budget for the second quarter.
Feb 15, 2022·Board meeting
Budget and Finance Committee Of The Board Of Trustees Meeting
The committee discussed updates regarding the university's financial management, including the Service Enhancement Transformation and the new budget model. Key topics included the financial health of the institution, a review of the University Operating Budget for the second quarter, and an investment report. Action items included the approval of operating budgets for auxiliary facilities with bonded debt, specifically for Parking and Housing. Additionally, the committee addressed staffing turnover, recruitment strategies, and the implementation of position management controls.
