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Audit clean: board hears unmodified audit opinion and capital-project updates; discrimination policy tabled
Summary
The Business Affairs & Audit Committee reported an unmodified opinion on Radford's 2025 financial statements, reviewed capital projects and university audits, and tabled revisions to the discrimination and harassment policy pending definitional clarifications.
The Business Affairs and Audit Committee reported to the full board on June 5 that the auditor of public accounts issued an unmodified opinion on Radford University's 2025 financial statements and that no new audit findings were identified.
University auditors provided an update on discretionary fund compliance and several internal audits (three related to IT systems and two college transition audits); staff reported progress on prior audit items. Chief Financial Officer Rob Hoover briefed trustees on capital and facilities work, including projects such as nursing laboratories, residence-hall updates, cogen system work and an amphitheater.
On policy, committee members reviewed proposed language for a revised discrimination and harassment policy but voted to table the proposal and return it for clearer definitions. The chair said the committee wanted additional clarity before sending the policy to the full board for adoption.
Why it matters: An unmodified opinion indicates the external auditor found Radford's 2025 financial statements presented fairly in all material respects; capital-project updates inform trustees' oversight of campus infrastructure. The discrimination-policy tabling signals further administrative review before formal changes.
Next steps: Administration will return with clarified policy language; staff will continue to report on audit follow-up and capital-project milestones at future committee meetings.
