University of South Florida Board of Trustees Finance Committee Meeting Minutes
The Finance Committee discussed and approved the FY 2026-27 annual financial plans for Direct Support Organizations, including the Alumni Association, Financing Corporation, Foundation, Health Professions Conferencing Corporation, Intercollegiate Athletics Association, Institute of Applied Engineering, Management Corporation, Research Foundation, and Medical Services Support organizations. The committee reviewed and approved capital improvement items, including the Five-Year Capital Improvement Plan and the CITF Project List. A $22.5 million loan for Athletics for FY 2027 was approved, along with multiple expenditure authorization requests for projects like the Bellini College of Artificial Intelligence, Cybersecurity, and Computing, Microsoft licensing agreements, and wireless network upgrades. Major capital project updates were provided, and the committee reviewed the 2027-2028 Legislative Budget Request proposing a $75 million recurring increase in the base budget.