The Kansas Board of Regents convened on December 18, 2024, to discuss key fiscal matters, including the launch of a new funding program and updates on audit findings from community and technical colleges.

The meeting began with a presentation on a new program set to launch in 2026, which will involve a transfer of $30.7 million to the Board over six years. This funding will allocate $100,000 to each of the coordinated institutions, with the majority dedicated to state universities. The program aims to encourage universities to develop plans for leveraging these funds effectively. Notably, if the funds are used for capital renewal, they will require a one-to-one match with non-state money, while funds used for demolition will not have this requirement.

Following the presentation, Regent Dicus moved to recommend approval of the program, which was seconded by Regent Rolfe. The motion passed without opposition, signaling strong support for the initiative.

The meeting then shifted focus to fiscal 2023 audit findings from community and technical colleges. The Board acknowledged the importance of accountability regarding the approximately $270 million in state funding allocated to these institutions. Vice President Frisbie was tasked with providing updates on the audit discussions that had begun in the previous summer, emphasizing the Board's commitment to overseeing state funding for higher education.

Overall, the meeting highlighted the Board's proactive approach to funding and accountability in Kansas higher education, setting the stage for future developments in the state's educational landscape.