RESOLUTION TO APPROVE THE 2001-2002 OPERATING BUDGET

WHEREAS, the respective Boards of Trustees at state institutions of higher education are empowered to approve annual operating budgets; and

WHEREAS, the members of the Finance Committee of the Board of Trustees at Winthrop University have examined the proposed revenues and expenditures for the year; and

WHEREAS, the members of the Finance Committee recognize their fiduciary responsibility to ensure that the University's budget strikes a balance between actual revenues and commitments;

THEREFORE, LET IT BE RESOLVED that the operating budget proposed by the Finance Committee be adopted by the Board of Trustees.

November 2, 2001