Presenter: Mr. David King

  • Current strategy:
  • Expected long-term return:
  • ○ 70% equities
  • ○ 30% fixed income/cash
  • ○ Approximately 7.75% over the next 10 or 15 years
  • Endowment growth:
  • ○ Increased from $25 million to $29 million
  • ○ Generated approximately $5.6 million in investment gains
  • ○ Provided $1.4 million in university support over 18 months
  • Regents had questions on market outlook and growth challenges.

C. Education and General Finance & Administration Updates. Dr. Heather Bigard, Vice President of Finance and Administration/CFO.

Presenter: Dr. Heather Bigard.

i. Fiscal Year 2025 Audit Update.

  • Audit nearing completion
  • Draft Management Discussion and Analysis (MD&A) received
  • ii. Fiscal Year 2026 Education and General Financial Update.

FY 26 Education and General Projection Revenue

  • Tuition and Fees: $22.9 million
  • Uncollected Debt: $3 million
  • Net Tuition and Fees: $13.3 million
  • Total Revenue: $41.34 million

FY27 Budget Education and General Revenue

Tuition and Fees: $16.8 million

  • Uncollected Debt: $3.02 million
  • Net Tuition and Fees: $9.24 million