WHEREAS, pursuant to S.C. Code Ann. §59–125–1, et. seq., the Board of Trustees of Winthrop University was created and established as a body corporate for the purpose of effectuating the educational mission of Winthrop University; and
WHEREAS, the Board of Trustees is responsible for ensuring the University’s fiscal integrity through oversight of financial resources and assets and, as such, annually examines internal and external reports, including audits, on the financial performance of Winthrop University; and
WHEREAS, at the request of the Chairman of the Board of Trustee of Winthrop University, an audit of the financial operations of Winthrop Athletics was performed by Winthrop University’s former Controller and Internal Auditor; and
WHEREAS, the audit examined financial data and transactions over the 10-year period from fiscal year 2015 through fiscal year 2024; and
WHEREAS, Winthrop Athletics has provided a response to the fourteen (14) general findings and recommendations.
THEREFORE, BE IT RESOLVED, upon the basis of the above and at the request of Winthrop University President Edward A. Serna, the Board of Trustees approves the Winthrop Athletics Internal Audit Report.
BE IT FURTHER RESOLVED that the Acting Secretary to the Board of Trustees shall certify that the Winthrop University Board of Trustees approved this resolution on the 1st day of May, 2025, in a regularly scheduled meeting. Such resolution shall be maintained and publicly posted by the Acting Secretary of the Board in a time and manner as required by law.
