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University of Guam board approves FY27 budget requests, SFAP and banking authority for new VP
Summary
The University of Guam Board of Regents on Feb. 19 approved the FY27 general operations and special appropriations requests, a FY27 Student Financial Assistance Program budget, and a resolution adding the new VP for Administration and Finance to authorized signers for university accounts.
The University of Guam Board of Regents approved multiple fiscal measures at its Feb. 19 meeting, including the board’s FY2027 general operations request and related financial authorities, the board chair said.
The board voted to approve the FY2027 general operations budget request totaling $45,900,000, special appropriations requests totaling $6,200,000 and a capital improvements request of $1,600,000. The presentation to the board noted that the general-operations request includes roughly $1,670,000 to cover operations and maintenance of four new buildings expected to be fully operational in fiscal year 2027 and $1,000,000 for capital outlay.
Why it matters: The requests set…
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