BUDGET RESOLUTION — January 29, 2002
UNIVERSITY OF THE VIRGIN ISLANDS BUDGET RESOLUTION FISCAL YEAR 2002-2003 (a) Authorizing the FY2003 appropriation request for operating, debt service and other mandated programs. WHEREAS, the proposed sustainable budget will be developed and linked to the Strategic Plan for the planning period FY2003 to FY2005, and presented to the Board at its Summer 2002 meeting, and WHEREAS, the University has received communication dated January 29, 2002 from the Office of Management and Budget of the Government requesting the immediate submission of a target FY2003 appropriation request by February 8, 2002, to be included in the Executive Budget presentation to the Legislature, and WHEREAS, the Virgin Islands Government appropriation to the University for FY2002 was as follows: Regular Operating Appropriation .................... $24,569,656 Te mc ve cs. + « i 3,192,205 INI 5s 5s eke. +s Se So 184,243 Sethe Wate PION. SS 5 ok se vcs cc eee eee ee 37;773 eee EES sy... .. anew beeen |. 300,000 rm ee ON... ccs ss... keane sve es 176,723 Valedictorian and Salutatorian Scholarships ............ …
Download the original document · Plain text (TXT) · Browse the archive · How this archive works
Original source: https://www.uvi.edu/files/documents/Board_of_Trustees/Resolutions_and_Actions/2002-2009-index-of-resolutions-and-policies/February_2002-01.pdf
SHA-256 2ddd7680610ed1150e17c4dd98de099a7b01cc8491b1dbb9087d4f06a518773f
Re-using this document
Our description, tagging, arrangement, extracted text and machine transcripts are released under CC0 1.0. We assert nothing about the document itself.
Archive identifier LF-2ddd7680610e
Document text
UNIVERSITY OF THE VIRGIN ISLANDS BUDGET RESOLUTION FISCAL YEAR 2002-2003 (a) Authorizing the FY2003 appropriation request for operating, debt service and other mandated programs. WHEREAS, the proposed sustainable budget will be developed and linked to the Strategic Plan for the planning period FY2003 to FY2005, and presented to the Board at its Summer 2002 meeting, and WHEREAS, the University has received communication dated January 29, 2002 from the Office of Management and Budget of the Government requesting the immediate submission of a target FY2003 appropriation request by February 8, 2002, to be included in the Executive Budget presentation to the Legislature, and WHEREAS, the Virgin Islands Government appropriation to the University for FY2002 was as follows: Regular Operating Appropriation .................... $24,569,656 Te mc ve cs. + « i 3,192,205 INI 5s 5s eke. +s Se So 184,243 Sethe Wate PION. SS 5 ok se vcs cc eee eee ee 37;773 eee EES sy... .. anew beeen |. 300,000 rm ee ON... ccs ss... keane sve es 176,723 Valedictorian and Salutatorian Scholarships ............ 240,000 Academic and Cultural Awards Endowment Fund ....... 250,000 $28,950,600 WHEREAS, that level of appropriation enabled the University to fund the following (a) the cost of the increase in the group health insurance program for employee medical and dental coverage (b) the cost of the merit salary adjustment associated with the balance of step increases recommended through FY97 (c) The cost of merit salary adjustments associated with paying 54% of employee merit steps recommended, but remaining unpaid, for FY98-2000 (d) The cost of adjusting the salaries of Assistant Professors to bring the minimum salary to no less than $40,000 per annum (e) the cost of a general salary adjustment of 15% to part-time faculty WHEREAS, the University is committed to increasing future salaries of employees by unpaid merit adjustments as funds become available, and it is the policy of the Board of Trustees to include in Page -1- 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 February 23, 2002 as recorded in said minutes. Prvrtte Kea~ Orville Kean, Ph.D., Secretary of the Board Page -3-