The Tennessee State University Board of Trustees voted Nov. 21 to approve an updated bank-reconciliation policy and a revised fiscal-year 2026 budget during the finance committee report and then approved the board consent agenda.

Charles Traver, finance committee chair, reported the committee recommended approval of a revised bank-reconciliation policy and the FY26 revised budget. The motions were seconded and carried on roll-call votes; trustees recorded 'Yes' votes during the roll call and the chair announced the motions passed.

The board also approved minutes and a multi-item consent agenda that included minutes from earlier committee meetings. Governance chair and counsel briefed trustees on the upcoming legislative schedule; Leah Dupree Love (Ingram Group) reminded the board that TSU’s board sunset hearing is scheduled for mid-December and that trustee confirmations are expected in February–March 2026.

President J. R. Tucker briefed trustees on operational progress tied to the state MOU, including AR collections improvements, hires to strengthen finance and enrollment leadership, and a requirement to present a space-utilization and real-property assessment to state reviewers (TSU scheduled to present on Dec. 4 per the president’s update).

Why it matters: Approval of the FY26 revised budget and the bank-reconciliation policy is a formal step in governance and financial control that affects TSU’s ability to manage cash flow and execute the MOU with the state. Board action came amid broader reports on enrollment, accreditation and federal funding risks.

What’s next: The administration will present the space-utilization plan to the state on the scheduled date and continue to implement financial controls and hiring plans announced by the president.