Kathleen Postal, Associated Students’ chief financial officer at Cal State Fullerton, provided a review of the quarterly financial report for the fall semester at the board of directors Nov. 18 meeting, sharing that ASI is utilizing less than the recommended 25% of its budget in expenses across all departments.

“We’re right in line with what we were expecting to be,” Postal said. “We are under 25% in all of our categories — we’re 19% overall in our budget, so we are looking at being in a very strong position for the fall.”

She also shared ASI’s status of funds as of Sept. 30, which is divided into three accounts: a Local Agency Investment Fund, which provides a 2-4% return and has funds available for use within one day after requesting, a City National Bank investment account, which yields about 13% return and a Bank of America account, which acts as ASI’s operating account or checking account for expenses.

“Total ASI funds that we have — $24 million — of that money, a lot of that money is reserves or working capital, and then we do have club agency accounts,” Postal said. “We are the bank for the clubs on campus, so directly in our Bank of America, which is a liquid account, is $400,000, and we do have some money from the club sitting over in LAIF and it’s at about $630,000, so combined total agency that we’re holding a little over a million dollars.”

Postal shared the breakdown of the investments informing board members of the policy that their partnered investment managers must follow.

“We keep no more than 60% of stocks, 30% in bonds, and 10% in cash,” Postal said. “We instruct our investment managers how to invest, what to invest in, what the percentage breakdown of the investment should be — and then we monitor that. So the actual investment managers have a leeway on how to move the money around, we just watch to see what they’re doing to ensure they’re meeting the guidelines that we’ve given to them through the investment policy.”

The board also approved a number of other resolutions including a vote to maintain the same operating hours for CSUF’s Children’s Center, Titan Student Union and Student Recreation Center for the 2026-27 academic school year.

Luca Romero, the facilities committee chair, shared the importance of this vote for the function of the campus.

“It is part of the annual responsibility of the facilities committee to review the proposed facility hours scheduled for the following academic year. Approving these proposed hours is essential for budgeting and planning for each respective facility director and financial services team,” Romero said. “Overall, these resolutions are crucial to the students in campuses, communities, and interaction with these ASI facilities and programs.”

The board of directors also approved a capital funding request, which lies outside of ASI’s operating budget, but aims to provide a new stove to the children’s center, upgrades in the restrooms of the TSU pavilions and new equipment for the SRC.

“The capital funding budget is a budget of $1.2 million that breaks down to $600,000 to recurring projects as well as $600,000 to proposed projects,” Romero said. “These projects were broken down by current projects and projects strategically projected by a ten year plan created by our building engineering team and chief financial officer, Kathleen Postal, the committee heard the recommended projects for the 2026 calendar year across all three ASI facilities.”

The Children’s Center’s investment report managed in partnership with ASI’s finance committee and the City National Bank Investment firm was also approved by the board and will directly assist in some of these upcoming projects.

“The Children’s Center, from its creation of a current building, set aside money to be used to prepare the building, buy new equipment, replace equipment, et cetera. We take those funds, and invest them in a way that earns us as much money as we can,” said Dave Edwards, executive director of ASI. “They continue to do very well as most investments have in the last decade or so, and that has allowed us to reinvest those earnings back into children’s centers for projects like the ones we just approved a couple minutes ago.”