• Regent Moyer asked if they have a sense of what the recovery rates will be through the outside vendor they are using. Dr. Bigard asked Danyel Tolbert to respond. Ms. Tolbert said that a portion of the recovery is kept by the collection agency. Regent Moyer asked if on the average for $1,000 collected, how much of that will the institution see. Ms. Tolbert said they will see about $950 of that.
• Regent Moyer asked if going forward they could find a way to incorporate into the reporting to the Board periodically how the collection effort is going. Dr. Bigard said they can do that.
• Regent Obielodan asked if the projected decline in the Fall is 9% and 20% in the Spring, then that will probably be about a $5 million decline in revenue and what impact will that have on the day-to-day operation of the university.
• Dr. Bigard gave an overview of the budget. She said in FY26, they are around $22 million in tuition and acknowledged that they are looking at a change of about $5 million going into 2027 as far as tuition and fees go. She said scholarships and waivers are at $6.2 million.
• She said in FY26 they are looking at a projected uncollectible of about 18%.
• Dr. Bigard further summarized her charts on revenue as part of the budget. She said revenue was just under $40 million in 2026 and will go down to $34 million in 2027.
• Dr. Bigard summarized expenses in detail.
• She said for 2026 they are projecting a surplus of over $3 million and a flat budget for 2027 without a surplus at this time.
• Regent Moyer had a question on the difference in the operating expenses they talked about on a previous day to the current slide. Dr. Bigard responded.
• Regent Obielodan had questions on scholarships, tuition waivers and prison education. Dr. Bigard responded.
• Regent Hatchett suggested that a column be added for the budget for FY26 so that it can be compared to proposed FY27 budget. Dr. Bigard and Dr. Akakpo responded.
• Regent Obielodan had questions on income on the revenue slide and also on the federal funding category. Dr. Bigard and Dr. Akakpo responded.
• Regent Obielodan had questions on the endowment offset slide regarding interest earned. Dr. Bigard and Dr. Akakpo responded.
• Chair Dukes asked when it comes to salary and benefits, if they have allotted for any sort of increase for faculty and staff. Dr. Bigard responded that unfortunately, the revenue was not sufficient to build salary increases into the budget. Dr. Akakpo also responded.
• Regent Hatchett had questions on the definition of transfer in and interfund. Dr. Bigard responded.
• Regent Moyer had a question on the endowment offsets. Dr. Bigard and Dr. Akakpo responded.
• Regent Moyer had a suggestion to look at how pro formas impact individual programs they bring on board, including engineering. Dr. Akakpo responded.

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