RESOLUTION REGARDING THE OPERATING BUDGET AND STUDENT FEES FOR FISCAL YEAR 2012-13

WHEREAS, the respective Boards of Trustees at state institutions of higher learning are empowered to determine schedules of student fees; and

WHEREAS, the members of the Board of Trustees at Winthrop University have examined the fee structure at Winthrop University; and

WHEREAS, the members the Board of Trustees have examined the projected resources and projected commitments for 2012-13; and

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

THEREFORE, BE IT RESOLVED that the proposed fee schedules incorporating a 2.9% increase for 2012-13 as attached hereto and incorporated by reference and the operating budget as reflected on the attached Allocation Status Report be adopted by the Board of Trustees; and

BE IT FURTHER RESOLVED that the Executive Committee of the Board of Trustees be authorized to amend the approved Winthrop University fee schedules and operating budget on behalf of the Board in a timely manner in the event of any material legislative or gubernatorial changes in the Appropriations Act leading to changes in the allocation of state operating funds for Winthrop University prior to the fiscal year beginning July 1.

APPROVED, this the 8th day of June, 2012.