BUDGET RESOL ON FISCAL YEAR 1991-1992 — October 1, 1991
UNIVERSITY OF THE VIRGIN ISLANDS BUDGET RESOL ON FISCAL YEAR 1991-1992 (a) Approving and adopting budget guidelines for the fiscal year October 1, 1991 through September 30, 1992. (b) Authorizing the establishment of fiscal year operating, debt service and other special budgets and the expenditure of funds in keeping with the budget plan and spending priorities adopted. (c) Authorizing the President to prepare and submit fiscal year appropriation requests to the Legislature of the Virgin Islands for operating, debt service and other purposes; (ad) Authorizing designated transfers between fund groups for matching support and capital purposes in order to carry out the budget provisions approved; WHEREAS, the President has submitted proposed budget guidelines and budget estimates to the Board of Trustees for the fiscal year commencing October 1, 1991; and WHEREAS, the Board of Trustees has reviewed and considered said proposed budget guidelines and budget estimates and made revisions of same; BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY: Budget Guidelines And Estimates Sect …
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UNIVERSITY OF THE VIRGIN ISLANDS BUDGET RESOL ON FISCAL YEAR 1991-1992 (a) Approving and adopting budget guidelines for the fiscal year October 1, 1991 through September 30, 1992. (b) Authorizing the establishment of fiscal year operating, debt service and other special budgets and the expenditure of funds in keeping with the budget plan and spending priorities adopted. (c) Authorizing the President to prepare and submit fiscal year appropriation requests to the Legislature of the Virgin Islands for operating, debt service and other purposes; (ad) Authorizing designated transfers between fund groups for matching support and capital purposes in order to carry out the budget provisions approved; WHEREAS, the President has submitted proposed budget guidelines and budget estimates to the Board of Trustees for the fiscal year commencing October 1, 1991; and WHEREAS, the Board of Trustees has reviewed and considered said proposed budget guidelines and budget estimates and made revisions of same; BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY: Budget Guidelines And Estimates Section 1. That the proposed budget guidelines and estimates for the fiscal year commencing October 1, 1991, as revised by the Board of Trustees, be, and the same are hereby approved, and adopted. Revenues From Operations Section 2: That for the purpose of raising the necessary revenues to finance the operations of the University, the payment of bonds and interest thereon, and to support outlays for capital improvement projects, the following actions are hereby approved: (a) Approval of the schedule of increases in student tuition rates, room charges, board charges and faculty rental rates detailed in Exhibit A. = EE Budget Resolution Fiscal Year 1991-1992 Effective Date Section 6: That this resolution shall be in full force and effect from and after its adoption. CERTIFICATION The undersigned does hereby certify that the foregoing is a true and exact copy of a resolution of the Board of Trustees of the University of the Virgin Islands adopted at its meeting on June 9, 1991, as recorded in the minutes of said meeting. Secretary of the Board