Portland State University Board Of Trustees Finance, Administration And Audit Committee Meeting
The committee reviewed the Q2 budget performance, noting an improvement in the all-funds operating deficit and updates on enrollment trends showing a continued decline through the 2026-27 academic year. Discussions included a capital project request for the Millar Library renovation, recommendations for tuition and mandatory fee increases for the upcoming academic year, and updates on the Bridge to the Future 2.0 budget process, including E&G reserve forecasts and deficit mitigation strategies.
Jan 29, 2026
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Portland State University Board of Trustees Meeting Agenda
The Finance, Administration & Audit Committee meeting agenda covered several significant areas. Key discussion items included the Q1 Budget Report, which indicated a higher forecasted operating deficit primarily due to Enrollment and General Fund (E&G) revenue shortfalls and increased Tuition Free Degree support. The committee reviewed the Multi-year Enrollment and E&G Forecast, noting significant enrollment declines and potential future state funding constraints, leading to downward revisions in budget scenarios. Updates were provided on the Bridge to the Future 2.0 initiative aimed at achieving financial sustainability, with detailed recommendations expected in March. Furthermore, the results of the FY2024-25 Financial Statement Audit were reviewed, which resulted in an unmodified audit opinion with no material weaknesses noted. Finally, updates on capital projects included a recommendation for the Millar Library renovation and a request for an additional $15 million in debt for the Housing project.
Jan 29, 2026·Board meeting
Finance & Administration Committee Agenda And Summary
The Finance & Administration Committee meeting agenda included several key operational and financial reviews. Discussion items covered the Committee Work Plan, Capital Projects updates, and the Cash Flow Forecast. The committee also reviewed the Q1 Budget Report, the Multi-year Enrollment and E&G Forecast, and the 'Bridge to the Future 2.0' update regarding FY2026-27 Tuition and Budget Guidance. A significant portion of the meeting was dedicated to reviewing the FY2024-25 Financial Statement Audit, as well as providing updates on current capital projects like the Vernier Science Center, Art and Design building, and the New Housing Building.
Jan 23, 2025·Board meeting
F&A Committee Meeting
The F&A Committee meeting agenda included the review of the FY2023-24 Financial Statement Audit, Q1 results, and a capital projects update. Discussions also covered multi-year enrollment and E&G forecasts, and FY2025-26 tuition and budget scenarios. A capital projects update, including the Vernier Science Center and Art and Design projects, was presented, along with an update on 2025 capital requests submitted to the HECC, including the Portland Performing Arts + Culture Center, Millar Library Renovation, New Housing Building, and New Parking Structure. A financial overview included a cash flow forecast and analysis of the potential economic impact of the Performing Arts and Culture Center.
