Westfield State University Board of Trustees Audit Committee Meeting Minutes
The committee reviewed the planning presentation for FY26 financial audit services, including the selection of WithumSmith & Brown, PC as auditors. Internal audit updates were provided regarding the Clery Act and upcoming advancement operations reviews. Additionally, the committee received an Enterprise Risk Management report detailing progress on top institutional risks including cybersecurity, deferred maintenance, and enrollment and retention, as well as an overview of the implementation timeline for the next phase of risk management.
Enterprise
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Board Of Trustees Finance Committee Meeting Agenda
The committee meeting agenda includes various financial and operational reports, such as an institutional advancement report, a university cash summary, and a comprehensive update on the FY26 budget covering strategic investments, capital projects, and department operations. The meeting also features an investment update from the Fund Evaluation Group. Action items include motions regarding the investment income drawdown, the student-led investment fund, the approval of the FY27 provisional operating budget, and a student reserves request.
Apr 28, 2026·Board meeting
Westfield State University Board of Trustees Board Meeting
The Board of Trustees meeting focused on strategic planning, university leadership reports, and committee updates. Key discussion topics included the university's response to higher education challenges, the Strategic Plan, and student life updates. Academic actions included the granting of honorary degrees and approval of faculty tenure and promotion. Financial items covered the review of the university's cash summary, investment reports, audit results, and the approval of the FY27 preliminary capital budget. The board also approved a revised Trust Fund Management Policy.
Apr 13, 2026·Board meeting
Westfield State University Board of Trustees Finance Committee Finance Committee Meeting
The meeting included an investment update and a review of the University cash summary, along with updates on the FY26 budget, strategic investments, and the FY27 provisional operating budget. The committee also discussed preliminary multi-year forecasts, the Trust Fund Management Policy, the FY27 preliminary capital budget, and the acceptable use of information technology resources. Furthermore, the committee approved the consolidation of investment accounts and the FY27 tuition and fee schedule.
