CONTRACTAPPROVED

University of Maine System Board of Trustees Audit Committee | State of Maine Awards Financial Services Contract to Harold Alfond Foundation (April 2026)

University of Maine System Board of Trustees Audit Committee | State of Maine logoUniversity of Maine System Board of Trustees Audit Committee | State of Maine
Disclosed value
$1,000,000 of the $2,000,000 budget increase to be repaid from the Harold Alfond Foundation UMS TRANSFORMS grant
From minutes
Approved
Apr 29, 2026

The 30-second brief

What it covers

The Finance, Facilities, and Technology Committee authorized a $2 million increase to the Maine Center renovation budget, funded by an internal loan whose repayment will include $1 million from the Harold Alfond Foundation’s UMS TRANSFORMS grant. Remaining debt service will be covered by revenues from Maine Center leases, space use, and program fees.

Who holds it

Harold Alfond Foundation holds this financial services contract with University of Maine System Board of Trustees Audit Committee | State of Maine. Its other public contracts on record include work for University Of Maine-System Central Office and University Of Southern Maine.

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Contract details

Contract type
Financial Services
Amount
$1,000,000 of the $2,000,000 budget increase to be repaid from the Harold Alfond Foundation UMS TRANSFORMS grant
Document date
April 29, 2026
Source document
University of Maine System Minutes Finance, Facilities & Technology Committee Meeting 2026-04-29 (Minutes)

Harold Alfond Foundation's other public contracts

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Questions about this contract

Who was awarded the financial services contract by University of Maine System Board of Trustees Audit Committee | State of Maine?

Harold Alfond Foundation was awarded this financial services contract by University of Maine System Board of Trustees Audit Committee | State of Maine, as recorded on April 29, 2026. The contract value is $1,000,000 of the $2,000,000 budget increase to be repaid from the Harold Alfond Foundation UMS TRANSFORMS grant.

How much is the Harold Alfond Foundation contract with University of Maine System Board of Trustees Audit Committee | State of Maine worth?

The Harold Alfond Foundation contract with University of Maine System Board of Trustees Audit Committee | State of Maine is valued at $1,000,000 of the $2,000,000 budget increase to be repaid from the Harold Alfond Foundation UMS TRANSFORMS grant, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in University of Maine System Minutes Finance, Facilities & Technology Committee Meeting 2026-04-29 (Minutes), dated April 29, 2026 from University of Maine System Board of Trustees Audit Committee | State of Maine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Harold Alfond Foundation hold?

Harold Alfond Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is University of Maine System Board of Trustees Audit Committee | State of Maine currently buying?

Explore University of Maine System Board of Trustees Audit Committee | State of Maine's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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