College in the High School had significant growth in FY24 due to SB 5048. Fall 2024 numbers will be known at the end of the term. In our State and Local General Funds, revenues are up about one percent due to State funding, wage and benefits are flat with the three percent COLA, total expenses are flat, and our enrollment contingency remains intact. In our CWU Systems funds, housing/dining participation is up approximately 100 from Fall 2023, and there was no vacancy rate assumed. Renovations at Student Village are the only major upgrade planned this year. Operating Fund reserves are fairly flat. Ideally this should be more than double. Our 2025-27 Biennial Operating budget request is a heavy lift. The number one ask is the fund split/compensation. An emergency backup power system is the number one ask in our 2025-27 Biennial Capital budget request. Legislative session is expected to be challenging due to economic forecasts. The Governor’s budget is expected mid-December. During the action agenda on Friday, October 18, the Board will consider a recommendation to increase tuition 3.3 percent for all categories (resident and non-resident undergraduate, resident and non-resident graduate) for academic year 2025-2026.
The regular business meeting adjourned at 3:19 pm.
Board members and Executive Leadership Team members attended an immersive music experience with CWU’s Wind Ensemble in McIntyre Music. No business was conducted. Board members attended a social dinner at 5:00 p.m. followed by a CWU Volleyball game. No business was conducted.
OCTOBER 18, 2024
BOARD MEETING Trustees Present: Erin Black, Chair Jeff Hensler, Vice Chair Eliasib Alvarado Ray Conner Gladys Gillis Zabrina Jenkins Robert Nellams (virtual) Staff to the Board: Jim Wohlpart, President
5 Board of Trustees Minutes October 17-18, 2024
Made with FlippingBook interactive PDF creator