URI Board of Trustees Finance and Facilities Committee Meeting

The University of Rhode Island Board of Trustees Finance and Facilities Committee met on June 16, 2026, to discuss the FY27 state budget, capital improvement plans (CIP) for FY28 to FY32, and several significant contracts. The committee reviewed the enacted state budget, noting a $4.22 million increase in the operating budget and new funding for campus access control and building envelope projects. They discussed ongoing and upcoming capital projects, including a marine operations building and renovations on the Narrogansett Bay campus, with a focus on asset protection and deferred maintenance. The committee approved the FY28-FY32 CIP and considered contracts exceeding $5 million, including extensions for advertising and marketing services, HVAC maintenance and repair contracts with a $5.5 million cap, owner project manager contracts, and an increase to the dining services contract value to $40.2 million. The committee emphasized competitive bidding and contract management practices to ensure cost-effectiveness. Additionally, they discussed challenges related to rising utility costs and strategies for managing energy contracts. All motions related to budget approvals and contracts were passed unanimously.