Regents charge Investment & Finance Committee to seek new revenue and efficiencies
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Summary
The Board of Regents charged its Investment & Finance Committee to do a comprehensive review of potential new revenue streams and cost efficiencies across the three Regent universities, likening the effort to the 2014 TIER review.
The Iowa Board of Regents unanimously ratified a charge to the Investment & Finance Committee to conduct a comprehensive review of potential new revenue streams and administrative efficiencies across the three Regent universities.
Executive Director Mark Braun framed the review as comparable to a 2014 TIER advisory effort and said the committee will identify new revenue opportunities and efficiencies and report back with recommendations. Regent Jaden will chair the committee’s effort.
Why it matters: Regents described administrative savings and new revenue as ongoing priorities for the institutions and said the review will jointly engage the board office, university institutions and third-party experts to explore opportunities and report progress regularly.
The board voted to ratify the charge after Regent Jaden moved and Regent Rouse seconded the motion. The roll-call vote recorded yes votes from a majority of attending regents and the measure passed.
