WHEREAS pursuant to S.C. Code Ann. §59–125–1, et. seq., the Board of Trustees of Winthrop University is created and established as a body corporate for the purpose of effectuating the educational mission of Winthrop University.
WHEREAS pursuant to Winthrop Board of Trustees Bylaws art. IV(D), the Board of Trustees is responsible and empowered to approve the University’s fiscal year budget.
WHEREAS the Winthrop Board of Trustees examined the projected revenue, expenditures, strategic priorities, and needs of the University.
WHEREAS the Winthrop Board of Trustees recognizes the increased student enrollment coupled with on-going efficiency initiatives and realignment of Winthrop University’s academic programs to align with market needs.
NOW, THEREFORE, BE IT RESOLVED the Board of Trustees of Winthrop University adopts the budget proposed by President Edward A. Serna, to wit, a $119,000,000 operating budget that is balanced based on anticipated revenues and expenditures.
FURTHER RESOLVED that the Secretary to the Board of Trustees shall certify that the Winthrop University Board of Trustees approved this resolution on the 27th of June, in a regular meeting scheduled by the Winthrop University Board of Trustees. Such resolution shall be maintained and publicly posted by the Secretary of the Board in a time and manner as required by law.
