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

WHEREAS, the Board of Trustees at Winthrop University examined the tuition and fee structure at Winthrop University and adopted, on June 24, 2022, the recommendations provided by the Finance Committee incorporating no increase in undergraduate tuition for the third consecutive year; and

WHEREAS, the members the Board of Trustees have examined the projected revenues and projected commitments based on the adopted tuition and fee schedule, current student enrollments for 2022-23 and the state mandated 1% pension increase, 3% salary increase, and $1,500 bonus for eligible employees; and

WHEREAS, the members of the Board recognize their fiduciary responsibility to ensure that the university’s operating budget strikes a balance between actual revenues and commitments.

THEREFORE, BE IT RESOLVED that the operating budget recommended by the Committee on Finance be adopted, as presented, by the Board of Trustees.

APPROVED, this the 27th day of September 2022