BUDGET RESOLUTION — October 1, 1994
UNIVERSITY OF THE VIRGIN ISLANDS BUDGET RESOLUTION FISCAL YEAR 1994-1995 (a) Approving and adopting budget guidelines for the fiscal year October 1, 1994 through September 30, 1995. (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, quasi-endowment, capital support and other 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, 1994; and WHEREAS, the Board of Trustees has reviewed and considered said proposed budget guidelines and budget estimates and made revisions to the same; BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY …
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UNIVERSITY OF THE VIRGIN ISLANDS BUDGET RESOLUTION FISCAL YEAR 1994-1995 (a) Approving and adopting budget guidelines for the fiscal year October 1, 1994 through September 30, 1995. (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, quasi-endowment, capital support and other 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, 1994; and WHEREAS, the Board of Trustees has reviewed and considered said proposed budget guidelines and budget estimates and made revisions to the same; BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY: APPROPRIATION REQUESTS Section 1. That for the purpose of financing the operations of the University, meeting debt service requirements, supporting outlays for capital improvement projects, and providing for other purposes and requirements, the President and Vice President for Business and Financial Affairs are authorized to prepare, and present for legislative consideration the following appropriation requests: Regular Operating Appropriation........ $26 ,21157315 Capital Appropriation. ........ccsecsees 2,564,000 Debt Service Appropriation......... ‘a ee 3,049,191 Small Business Development Center[SBDC] 350,000 Budget Resolution Fiscal Year 1994-1995 Effective Date Section 4: 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 Sunday, June 4, 1994, as recorded in the minutes of said meeting. Secretary of the Board