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:
  • Regents had questions on market outlook and growth challenges.
  • 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

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

Presenter: Dr. Heather Bigard.

  • Audit nearing completion
  • Draft Management Discussion and Analysis (MD&A) received

i. Fiscal Year 2025 Audit Update.

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

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