The Board of Trustees of Illinois State University approved a number of resolutions at its quarterly meeting on October 13, 2023. Full text of those resolutions can be found on the Board of Trustees website.
FY2024 operating budget
The Board of Trustees approved the University’s annual operating budget of $561.3 million for FY2024. During its May 2023 meeting, the Board authorized expenditures from tentative budget allocations before state appropriations for FY2024 were known.
FY2025 operating and capital requests
The Board of Trustees also approved an FY2025 appropriated operating budget request of $96.2 million and a capital appropriation request of $653.4 million. The requests are based on the University’s strategic plan, Educate Connect Elevate, and will allow the University to address critical statewide goals for higher education. The requests are submitted to the Illinois Board of Higher Education.
Campus-Wide Network Upgrade Phase II
Trustees authorized $1.25 million for the necessary hardware, software, and support costs to upgrade the campus-wide networking equipment under the second phase of a multi-phase upgrade project.
Connection to chilled water plant
Trustees authorized $4.1 million for all necessary design and construction work to connect the new Mennonite College of Nursing Simulation Center to the CP-2-BSC/Milner Chiller Plant, located in the Bone Student Center.
Beverage contract
The Board authorized the University to enter into a contract with a vendor through December 31, 2033, for campus beverage service at a total cost not to exceed $3.75 million.
Purchase of John Green Building from ISU AFS System
Trustees approved the sale of the John Green Food Service Building by the Illinois State University Auxiliary Facility System and the purchase of that building by the General Revenue Fund for the amount of $3.76 million. The building will become the home of Illinois State’s new College of Engineering.
Liability and cyber security insurance
The Board authorized the University to acquire adequate liability insurance coverage for FY2024 priced as a consortium through Marsh USA at an annual premium not to exceed $550,000.
Town of Normal Temporary and Permanent Easements
The Board of Trustees authorized temporary and permanent easements along Gregory Street in Normal to facilitate plans to extend the Normal Constitution Trail from North Parkside Road to North Adelaide Street.
Naming authorization
Trustees approved the naming of the reception/welcome desk space in the Mennonite College of Nursing Simulation Center as the “Gina and Michael Wey Reception and Welcome Desk.”
Board meeting dates for 2024
Trustees approved an amended Board meeting calendar for 2024.
