May 20th Fiscal Affairs and Audit

The Kansas Board of Regents Fiscal Affairs and Audit Committee met on May 20, 2026, to review and discuss several key procurement and budget-related topics. The committee approved the allocation of $30 million from the Restoration Act fund for state universities and discussed potential amendments to the board's facilities policy aimed at streamlining capital project approvals and balancing oversight with efficiency. They also reviewed audit findings related to federal financial aid reconciliation at community colleges and considered policy guidelines affecting procurement of professional design and construction services under House Bill 2560, including updates to contract reporting thresholds. The meeting featured detailed presentations from multiple state universities on proposed tuition and student fee adjustments for fiscal year 2027, highlighting budget pressures from state funding cuts, inflation, and enrollment challenges. Universities outlined strategies for maintaining affordability, managing operational costs, and investing in student success, with tuition increase proposals ranging from flat to approximately 4.9%. Student government representatives participated in fee discussions, emphasizing transparency and student involvement in budgeting. The committee sought feedback on procurement guidelines and planned further policy reviews in June.