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Board approves Accountability Plan, new M.B.A., budgets and audits in unanimous votes
Summary
At its April 8 meeting the Florida Gulf Coast University Board of Trustees unanimously approved the 2025 Accountability Plan, a new M.B.A. in Business Analytics, multiple budget and governance measures, and accepted the audited financial and compliance reports.
The Florida Gulf Coast University Board of Trustees voted unanimously April 8 to approve the university’s 2025 Accountability Plan, a new Master of Business Administration in Business Analytics, several budget adjustments and governance changes, and to accept the university’s audited financial and compliance reports.
Trustees approved the FGCU 2025 Accountability Plan in a voice vote after Committee Chair Jaye Semrod and Vice President Eileen DeLuca reviewed Performance-Based Funding (PBF) metric projections. Trustee Luis Rivera moved to approve the plan; Trustee Edward Morton seconded the motion and the vote was unanimous.
The Board also approved a new M.B.A. concentration in Business Analytics intended to align the program with the Board of Governors’ list of Programs of Strategic Emphasis (PSE). Interim Provost Tony Barringer said the new program required the adjustment of a single course from the prior M.B.A. and projected first‑year enrollment of about 30 students with five‑year enrollment exceeding 100. Trustee Robbie Roepstorff moved approval; Trustee Leo Montgomery seconded and the motion passed unanimously.
On finance items, the Board approved an amendment to Carryforward Funds from the fiscal year ended June 30, 2024, to cover items including software purchases and the acquisition of a campus tour bus; Trustee Larry Antonucci moved the amendment and Trustee Leo Montgomery seconded. The Board also approved revisions to the FGCU Financing Corporation bylaws to permit an additional consecutive term for directors who will help manage a planned workforce housing project; the change was presented by Vice President David Vazquez and approved unanimously.
Audit and compliance items accepted by the Board included the audited financial statements for the fiscal year ended June 30, 2024 (clean opinion), the NCAA athletics compliance report (one self‑reported level‑three scholarship overage for men’s golf), the WGCU Public Media audit (clean opinion), and the 2024 Annual Compliance Report. Director of Internal Audit Bill Foster summarized the audits during the Audit & Compliance Committee report; Trustee Joseph Fogg moved each acceptance and votes were unanimous.
Record of voice votes included all trustees voting in the affirmative on the listed motions. The Board recessed briefly for an executive session on collective bargaining under Florida Statute 447.605(1) and reconvened before taking the above actions.
The Board adjourned at 11:57 a.m.; its next regular meeting is scheduled for June 10 and will include a student success workshop.
