WHEREAS, the Board of Trustees at Winthrop University have examined the fee structure
at Winthrop
University and adopted, on June 28, 2019, the recommendations provided by the Finance
Committee;
and
WHEREAS, the members the Board of Trustees have examined the projected resources and
projected
commitments based on the adopted fee schedule for 2019-20; and
WHEREAS, the members of the Board recognize their fiduciary responsibility to ensure
that the
University’s operating budget strikes a balance between actual resources and commitments;
and
WHEREAS, through cost-cutting measures and reduced spending as well as the changes
in timing of
certain capital projects during FY2019, the University’s Net Position Reserves are
currently at a record
high level;
THEREFORE, BE IT RESOLVED that the use of funds not to exceed $2.2 million from the
Net Position
Reserves be made available for specific uses as approved by the Committee on Finance
be adopted by
the Board of Trustees.
APPROVED, this the 25th day of October, 2019.
