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Trustees unanimously approve budget, capital requests, regulations and property transfer
Summary
The New College of Florida Board of Trustees on June 26 approved the college’s preliminary operating budget, multiple legislative and capital requests, foundation financial items and several regulatory updates, with all major motions passing by unanimous voice vote.
The New College of Florida Board of Trustees on June 26 approved a slate of financial, regulatory and property actions, voting unanimously on each major motion.
The board approved the college's preliminary operating budget for fiscal year 2025–26 and authorized the president to make necessary adjustments during the operating year. Trustees also approved the college's legislative budget requests (operating and fixed capital outlay) and authorized the president to adjust those requests if necessary.
The board also approved a series of capital and foundation items: additional fixed capital outlay funding requests for the Rice (student center) project and a request to expand the college's tiller facilities, and acceptance by the New College Foundation Inc. of a $2.5 million grant to design and build a contemplative center. Trustees reviewed and approved the New College Foundation Inc.'s FY24 financial audit and the foundation's FY25–26 budget.
On governance and compliance matters the board adopted three regulation amendments: procurement (to align capitalization thresholds with federal guidance), an updated non‑discrimination/harassment (Title IX–related) regulation reflecting current federal law, and an amendment to Regulation 4‑2003 on textbook and instructional‑materials affordability. The board considered public comment and trustee discussion on the textbook rule before voting.
Trustees also approved tenure for Dr. Mons Holden in the division of natural sciences and approved the foundation's proposed transfer of approximately 180 acres known as Tidy Island to Manatee County, with the college retaining negotiated access rights for faculty and students.
Votes at a glance - Consent agenda: approved (unanimous). - Preliminary operating budget (FY25–26): approved; president authorized to make adjustments (unanimous). - FY25–26 legislative budget request (operating): approved; president authorized to adjust (unanimous). - FY25–26 legislative budget request (fixed capital outlay): approved; included requests for Rice building continuation and tiller expansion (unanimous). - New College Foundation Inc. audit (FY24) and FY25–26 foundation budget: approved (unanimous). - Tenure for Dr. Mons Holden: approved (unanimous). - Regulation amendments: procurement (3‑1010), discrimination/harassment (3‑4018), and textbook affordability (4‑2003): each approved (unanimous). - Acceptance of grant funds by New College Foundation Inc. (contemplative center, $2.5 million): approved (unanimous). - Transfer of surplus real property (Tidy Island) by the foundation to Manatee County: approved (unanimous).
Board actions were taken by recorded motions and voice votes during the meeting. Where a unanimous voice vote was recorded, minutes and meeting audio indicate no roll‑call dissent.
Ending: Several items approved at the June 26 meeting set the college's near‑term financial and capital priorities (notably continuation of the Rice student center project), and the board directed staff to return with any necessary follow‑up details and timelines at future meetings.
