The board’s finance committee recommended two formal actions to the full board: approval of a revised bank reconciliation policy and approval of a revised fiscal year 2026 budget. Finance Chair Charles Traver moved both measures and the chair called for roll‑call votes.

For the bank reconciliation policy, Charles Traver moved approval "as contained in the board materials for today's meeting." Chair Winton and a sequence of trustees answered in the affirmative during the roll‑call; the motion passed. For the FY26 revised budget, Traver again moved adoption; the board took a roll call and the motion passed.

The board record shows explicit yes responses from the trustees listed during the roll calls. The finance committee stated the revised budget reflects updates the administration and committee considered during their prior meeting. The motions were brought under consent/committee recommendation; no amendments to the policy or budget were recorded on the floor.

What happens next: administration will implement budget adjustments in accordance with the adopted FY26 revised budget and the updated bank reconciliation policy will be used as the university’s operating guidance for reconciliations.

Provenance: motions and roll‑call votes recorded in the board materials and the full‑board meeting transcript (finance committee report and roll call SEG 2400–SEG 2492; budget vote SEG 2469–SEG 2492).