The meeting includes a report from the University President and the Student Trustee, as well as a presentation regarding the master plan. The agenda features informational updates from the Student Success & Learning, Audit, University Success, and Executive committees. Action items include the selection of a slate of officers, and various financial matters handled by the Finance Committee, such as the investment income drawdown, the student-led investment fund, the fiscal year 2027 provisional operating budget, and a student reserves request.
Apr 13, 2026
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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.
Feb 19, 2026·Board meeting
Westfield State University Board Of Trustees Finance Committee Finance Committee
The Finance Committee meeting agenda included a discussion of the University Cash Summary, monthly budget-to-actual reports for FY26, and planning for the FY27 Budget. Key items for action were a motion to merge investment accounts and a motion regarding the FY27 Tuition and Fee Schedule. Information items included the Information Security Policy and travel expenses for the President and Direct Reports for the second half of 2025. Subsequent materials detailed the FY27 budget planning, projecting a $4M to $5M shortfall based on current assumptions, driven by increased salary/benefit costs and financial aid investments, while planning strategies included revenue generation and efficiency development. The committee also addressed the proposed FY27 mandatory tuition and fees, recommending a 3.0% increase in the General Fee and a 2.8% total increase for in-state undergraduate tuition/fees, as well as operational updates on capital projects like the Ely Pool renovation and R22 replacement, and a significant discussion on the university's extensive deferred maintenance backlog, estimated at almost $600 million inclusive of a mandatory $422 million decarbonization plan.
Feb 19, 2026·Board meeting
Westfield State University Board of Trustees Finance Committee Minutes
The committee reviewed the university's cash position, monthly budget-to-actual reports, and grant adjustments. Discussion included budget planning principles for the upcoming fiscal year, enrollment projections for FY27, strategies for addressing a potential demographic decline, and criteria for evaluating program viability. The Finance Committee also reviewed the fourth-quarter investment report and recommended the consolidation of two investment accounts. Furthermore, the committee approved the recommended FY27 tuition and fee schedule, which includes increases for mandatory fees, room, and dining, and noted new course and lab fees approved by the President.
