This podcast contains comments from the Texas A&M system's chief financial officer, Billy Hamilton, during the May 20, 2021 board of regents meeting.

Members of the Texas A&M system board of regents were told the financial impact of the pandemic will be almost $400 million dollars.

The system's chief financial officer, Billy Hamilton, told the regents three weeks ago that they have received three rounds of federal pandemic grants.

That will offset $200 million in revenue losses and reimburse the system another $200 million in pandemic expenses.

Hamilton says because of the way federal grants were written, the pandemic cost the flagship campus more than $12 million, and the eight system agencies are down a combined $101 million dollars.