9.14.2026 URI Board of Trustees - Finance and Facilities Committee meeting

The University of Rhode Island (URI) Board of Trustees Finance and Facilities Committee met on September 14, 2026, to review financial and facilities matters including the FY26 year-end financial performance, FY28 budget request, and ongoing capital projects. The committee discussed a $2.2 million shortfall in FY26 unrestricted funds, improved budget management processes, and the launch of a new budget model. An update was provided on the Workday implementation project, highlighting integration challenges with the state payroll system and a targeted go-live date of October 2027. The FY28 budget request was presented, seeking a 17% increase in the general state appropriation to cover current service levels, financial aid, utilities, athletics, and facilities, with an anticipated $8.1 million shortfall. The committee approved the FY28 budget request and an amendment to a bond issuance resolution to allow borrowing from the Rhode Island Infrastructure Bank for utility infrastructure upgrades. Additional informational items included facility use agreements for the Rhode Island Small Business Development Center and the postsecondary commission's MBA program. The meeting concluded with unanimous approval of motions and scheduling of the next meeting for October 26, 2026.