University Of Vermont

The board convened for a special meeting, during which the primary agenda item was to enter into executive session for the purpose of discussing contracts and confidential attorney-client communications.

The board meeting covered several key agenda items, including committee reports from the Audit Committee and the Educational Policy and Institutional Resources Committee regarding financial statements, audit plans, compliance, and academic proposals. The Board, Finance, and Investment Committee reviewed budget factors for the upcoming fiscal year and debt policy. Additionally, the board appointed new members, authorized bond issuance, approved various academic program creations, and adopted a strategic plan. Retired trustees were recognized, and various policy resolutions were reaffirmed.

The Board of Trustees discussed various university matters, including public comments regarding faculty workload and housing costs. Committee reports covered an audit of federally sponsored programs, financial updates including endowment growth and deferred maintenance projects, and the approval of new curricular offerings such as minors in Computer Engineering and Epidemiology. Additionally, the Board established the Food Systems Research Institute, approved budget planning assumptions for the 2026 fiscal year, and authorized funding for the construction of a new Center for Health and Wellbeing and the Virtue Field Support building. The meeting also included the recognition of retired trustees and senior university administrators.

The board discussed committee and board reports, received a collective bargaining update in executive session, and reviewed various action items. The board approved multiple academic program changes, including the creation of several minors and graduate study certificates, as well as the termination of a degree program. Financial matters addressed included the adoption of a new Investment Policy Statement, the reaffirmation of the Investment of Endowment Cash Policy, the appointment of board members to the investment management company, approval of a software contract renewal, and authorization of budget planning assumptions for the upcoming fiscal year.

The Board of Trustees held a special meeting to conduct official business, including the election of a new board chair. The board approved committee and chair assignments for the upcoming year and established the schedule for 2026 board meetings and retreats. Additional actions included the formal recognition of Vermont Psychological Services, Incorporated as an affiliated organization and the authorization of a memorandum of understanding with Biolabs Innovations, LLC to operate a biotech incubator on campus. The board also reviewed and approved a seven-year contract for campus dining services. The interim president provided updates on strategic scenario planning, university community forums, and athletic achievements.