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Board of Trustees
114 Tillman Hall
Rock Hill, SC 29733, USA
803/323-2225
803/323-3001 (fax)
trustees@winthrop.edu

RESOLUTION TO ADOPT “PARTIAL APPROPRIATION REDUCTION ADJUSTMENT” FOR SPRING 2009

WHEREAS, officials of the State of South Carolina have reported and affirmed to the public an unprecedented reduction in state revenue receipts resulting from both changes in state tax policy and concurrent sudden changes in global economic conditions, and

WHEREAS, the S.C. General Assembly, in responding to current circumstances, to date has directed a rescission of  14.8 percent of Winthrop’s appropriation for 2008-2009, equivalent to more than $3.4 million; and

WHEREAS, the respective Boards of Trustees at state institutions of higher learning are entrusted with the stewardship of their respective institutions through various changes in state, national and world economic conditions, and

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

WHEREAS, the Board of Trustees of Winthrop University has examined revised projected resources for 2008-2009 along side an administrative plan to absorb $3.2 million -- 94 percent --of the legislatively ordered reduction in state support to the University through adjustments to planned commitments for 2008-2009, and

WHEREAS, the Board of Trustees finds the administrative plan both educationally and fiscally sound in light of current circumstances, as well as sensitive to the financial constraints affecting Winthrop students and their families, and

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

THEREFORE BE IT RESOLVED that for Spring 2009, a Partial State Appropriation Reduction Adjustment  of $50 be adopted by the Winthrop University Board of Trustees.

IN THE HEART OF THE CAROLINAS
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