Trustee Conner reported that the Finance and Audit Committee met with VP Klucking’s team and got updates and received information on first time in college recruiting trends, as well as a predictive model that was developed by Erin Craig, Professor and Chair of the Physics Department. The model indicates relatively flat enrollment for the foreseeable future. Obviously, will require us to make some adjustments to the budgets and to be flexible in this new reality. Year-to-date revenues and expenses were reviewed and are generally on target. The annual debt policy report indicated that the university has complied with all elements of the policy and required payments and disclosures. The committee also received routine updates on capital planning, information security and a recent security breach. o Budget Presentation VP Klucking gave an update on state/local revenue funds, which are on track and coming in as expected. Expenses right now are favorable. In the System revenues (Housing and Dining), we will end up about the same as last year. System expenses will end where we expected once we make our bond payments. The budget development team has been meeting since January to build our budget for FY27. The board will see a second draft at the July Retreat and will vote on the final budget in October. They build the budget in January. PBAC meets a minimum quarterly, and budget drivers are shared. VP Klucking shared an enrollment projection model that goes out to 2030, and we stay the same for several years. The key message here is that we will not get back to 10,000 students. This is why we are planning for 8200 students in the fall of 2026. AVP Klucking reminded the group of the fund split. The state used to fund 100 percent of our wage increases. Now they only fund 59 percent, so our share (41%), is roughly equal to our annual structural deficit ($2-$3M). An early look at the FY27 state/local budget includes state funding, tuition for 8200 students, 100 student contingency, filled positions, and approved vacant positions. It does not include salary savings. The system budget for FY27 includes room and board for 2075 students, filled positions, and approved vacant positions. It does not include salary savings or an enrollment contingency. AVP Klucking then gave a quick summary of the tuition discounting that CWU does. Some waivers are state mandated by RCW. For instance, children of disabled veterans or deceased veterans, firefighters, etc., which we are required to provide. We also offer merit-based waivers for recruitment and retention purposes, non-resident waivers for domestic and international students, and then we have some discretionary waivers for Athletics, need-based, community match, and employee dependent programs. Trustee Nellams reported that Student Engagement and Success continues to focus on student belonging, persistence, wellness, and career readiness through coordinated support services and engagement activities and initiatives. To highlight a few, in belonging, Trustee Jenkins participated in and celebrated the ribbon cutting ceremony for the Multicultural Center and the naming of the Zabrina Jenkins Family Welcome Center. Student engagement remains strong. Approximately 424 students participated in the ASCWU elections. The CWU Mariner’s Night was a huge success. Over 3000 tickets were sold. CWU’s Annual Spring Day of Service was held in April, and 126 volunteers participated in that event. The Veteran and Military Connected Student Center hosted the first Kittitas County Veterans Resource Fair and proceeded our process over 245,000 in post 9/11 GI Bill payments this spring. On the Health and Wellness front, the demand for health and wellness services remained high, particularly in counseling, case management, and prevention services. Federal grant programs continue to support first generation migrant and low-income students through academic support, leadership development, and college access initiatives. • Student Engagement and Success Committee o Committee Report
7 Board of Trustees Minutes May 21-22, 2026
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