WSU Regents approve athletics budget, computer modernization financing plan 

Entrance to Washington State University's Pullman campus.
Washington State University

WOODINVILLE, Wash. – The Washington State University Board of Regents today approved four agenda items at its regularly scheduled summer retreat.

The Athletics budget for the 2019 fiscal year, along with a plan for reducing operating deficits in future years, was approved by regents following presentations by Athletic Director Pat Chun and Chief University Budget Officer Joan King. The regents also approved money transfers necessary to cover the current year’s athletic deficit.

WSU Athletics plans to increase revenue 27 percent by  Fiscal Year  2023 while continuing to contain expenses. This approach will slow the rate of debt accumulation over the first four years, which is expected to  reach a projected total of up to  $85.1 million by  FY 2022, before achieving a balanced budget by FY 2023.  The department is expected to see a $200,000 surplus at the end of 2023.

View the full financial deficit reduction plan (PDF).

Computer modernization

The regents voted to approve a one-time project budget of $30 million to replace an aging finance and human resources computer system.

Called the Finance and Human Resources Modernization (Finance and Human Resources Enterprise Resource Planning system replacement) Project, the initial six-year contract with Workday, Inc will provide core finance and human resources software for the University.

View the entire resolution (PDF)

Modernization financing plan

The regents also authorized the issuance and sale of bonds to be used for the Finance and Human Resources Modernization project. Net proceeds for the project are not to exceed $30 million, with a final maturity not to exceed Oct. 1, 2040, and a maximum interest rate not to exceed 5.5 percent.

View the full financial report (PDF).

Statement of commitment

Finally, the regents approved a Statement of Commitment to Graduate Medical Education at the Elson S. Floyd College of Medicine.

In order to sponsor and oversee resident and fellow assignments, the ESFCOM must first be accredited by the Accreditation Council for Graduate Medical Education (ACGME).

A required component of the ACGME application is a written statement documenting the sponsoring institution’s commitment to GME by providing the necessary financial, administrative, educational, and clinical resources that is signed by the institution’s senior administrator and a representative of the governing body.

View the full statement of commitment (PDF).

The next meeting of the WSU Board of the Regents is scheduled for September 20-21 on the WSU Vancouver campus.



  • Phil Weiler, vice president for marketing and communication, 509-595-1708,

Next Story

Recent News

Landscaping for drought and hot weather

WSU Extension gives advice on growing a beautiful and drought-tolerant landscape, including lists of plants, tips for reducing water usage, and more.