Kevin Gomez

The meeting agenda included a review of the budget proposal for the 2025-2026 fiscal year, an update regarding the Student Managed Investment Fund (SMIF) Memorandum of Understanding, and a comprehensive review of the investment portfolio provided by Goldman Sachs representatives.

The agenda includes the Chair's report, the President's report, and an update on University Advancement. Discussion items involve establishing a name for a new operating auxiliary, a recap of Leadership Board Day, and the adoption of a board travel policy. Committee updates will cover the audit and 990 engagement letter, the SMIF MOU update, the fiscal year 2026/2027 budget, committee appointments, renewals, committee rosters, and potential bylaw amendments.

The meeting included an audit entrance briefing by the external firm, followed by an open discussion and vote to accept the audit plan and 990 agreement. Additionally, the committee engaged in a goals discussion for the FY25-26 period, covering audit roles and responsibilities and updates to the enterprise risk factors document, as well as a preliminary discussion regarding goals for the FY26-27 period.

The committee meeting agenda included an update on the Student Managed Investment Fund (SMIF) Memorandum of Understanding, a presentation regarding the FY25-26 budget proposal, and an investment portfolio review conducted by representatives from Goldman Sachs.

The meeting included discussions on the FY25-26 endowment distribution, funding to initiate a new entity, and the Investment Policy Statement. Additionally, there was an investment portfolio review by Goldman Sachs representatives.