Draft
Introduced
In Committee
On Agenda
Passed
Enacted

Adoption of FY 2026 Operating and Capital Budget

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Record

File #: 260787
Version: 1
Type: Motion
Status: On Agenda
File created: July 16, 2026
In control: Board of Governors
Introduced: July 16, 2026
On agenda: July 16, 2026
Final action: —
Title: Adoption of FY 2026 Operating and Capital Budget
Sponsors: Benjamin Blevins (primary)
Indexes: BioMed Realty Budget Adoption Capital Budget Corporate Office Rent FY 2026 Budget Operating Budget
Fiscal impact: $870,617,669.68 (one-time)
This action authorizes the FY 2026 proposed operating and capital expenditure budget of $870,617,669.68. Anticipated FY 2026 revenue is $951,000,000.00. The budget includes $7,500,000.00 for Corporate Office Rent associated with the BioMed Realty lease agreement. This is a one-time adoption action for FY 2026.

Date	Ver.	Action By	Action	Result
July 16, 2026	1	Board of Governors	Vote taken in live session	Pass	meeting
July 16, 2026	1	Board of Governors	Vote taken in live session	Pass	meeting

Summary

Approves the FY 2026 Operating and Capital Budget for first-time adoption, authorizing proposed expenses of $870,617,669.68 and anticipated revenue of $951,000,000.00.

Full text

BE IT MOVED, that the Board of Governors approves and adopts the FY 2026 Operating and Capital Budget, as presented in the FY 2026 Proposed Budget Book, with total proposed expenditures of $870,617,669.68 and anticipated revenue of $951,000,000.00.

BE IT FURTHER MOVED, that the approved budget includes a $7,500,000.00 appropriation for Corporate Office Rent associated with the BioMed Realty lease agreement.

BE IT FURTHER MOVED, that the Chief Executive Officer and authorized officers are directed to administer expenditures in accordance with the adopted budget, applicable policies, and established financial controls.

Documents & reports

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Meeting date	Body	Action	Result
July 16, 2026	Board of Governors	Vote taken	Pass

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