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Finance updates room-and-board planning and capital projects
Summary
VP Matt McGregor told the Board that FY27 budget prep is underway, described efforts to keep room-and-board increases low, and listed capital projects including a state-funded music building, the Pomp Sports Performance Center, new baseball turf, and a Dorrill Dining Hall refresh funded by Aramark.
Matt McGregor, vice president for administration and finance, briefed the Board on budget preparation for the FY27 cycle and efforts to hold down room-and-board increases while meeting expectations. He said his team is preparing for steps needed to access federal funding in advance of potential federal continuing-resolution votes and that budgets are consistent with projections.
McGregor updated the Board on ongoing capital projects: site preparation for a new state-funded music building, the Pomp Sports Performance Center in Iler Hall, new turf at the baseball field, and a refresh of Dorrill Dining Hall funded by Aramark. When asked about residency rules and funding, McGregor said there is a three-year live-on campus requirement and that most construction was philanthropically funded.
