Florida A&M University Board Of Trustees Budget, Finance, And Facilities Committee Meeting
The meeting covered several action items, including the recommendation for approval of the minutes from the September 17, 2025, and December 4, 2025, committee meetings. A policy update for BOTP No. 2005-23, Benefits and Leaves, was presented, featuring a substantive change to Family Medical Leave Act (FMLA) calculation from a fiscal year basis to a rolling 12-month period, and the removal of an obsolete Faculty Development Leave Program provision. Approval was sought for a contract amendment with Consulting Together, LLC, totaling $500,000, to secure specialized financial accounting and staff augmentation support for the transition from PeopleSoft to Workday, ensuring adherence to the go-live deadline and audit readiness. Additionally, a Banking Resolution (Resolution No. 01-26) was proposed to designate the University President, Acting CFO, and Assistant Vice President as Authorized Signatories for university obligations, requiring checks to be signed by the President and at least one other signatory. Information items included the Quarterly Financial Report as of December 31, 2025, and updates on capital projects such as the completion of the Venom Landing residence hall and Dining Hub Expansion, as well as progress on utility infrastructure projects like the Chilled Water Upgrade. Discussion also centered on leveraging newly allocated federal funding for Historically Black Colleges and Universities (HBCUs) for institutional improvements.