UNIVERSITY
OF THE
VIRGIN
ISLANDS
BUDGET
RESOLUTION
FISCAL
YEAR
1994-1995
(a)
To
approve
a differential
in room
fees
for
double
and
single
occupancy.
(a)
To approve
a new
schedule
of room
and
board
fees
for
fiscal
1994-95.
WHEREAS,
the
University
now
has
a single
rate
for
room
fees
for
both
single
and
double
occupancy,
and
WHEREAS,
the
common
practice
at most
institutions
is to
base
room
rates
on
features
such
as the
number
of persons
occupying
a room
and
the
quality
of the
accommodations
provided,
and
WHEREAS,
the
opening
of the
new
Residence
halls
in the
Fall
of
1993
will
make
it possible
for the
University
to
offer
room
and
suite
housing
options
in addition
to
single
or double
occupancy,
and,
WHEREAS,
both
the
residence
hall
and
food
service
operations
are
intended
to be
self-supporting
and
need
to generate
sufficient
revenues
to
cover
costs
of operations,
and
WHEREAS,
costs
of operating
the
food
service
and
residence
halls
continue
to
increase.
NOW
THEREFORE
BE
IT RESOLVED
BY THE
BOARD
OF
TRUSTEES
OF
THE
UNIVERSITY:
section
1. That
the
single
room
rate
for occupancy
in residence
halls
shall
be
set
at
1.25
times
the
rate
for
double
occupancy.
section
2:
That
room
rates
be
increased
by
a 5% for the
1994-95
academic
year.
section
3:
That
the
following
schedule
of
fees
for
room
charges
be
effective
for
Fall
1994.
Current
Proposed
pancy
1992-93
1994-95
Single
$1,300
$1,700
Double
$1,300
$1,360
Double
N/A
$1,360
Fiscal
1994-95
Budget
Resolution
Room
and
Board
Fees
Page
2
section
4:
That
the
board
fee of
$3,000
per
year
be
increased
by
5% to
$3,150
per
year,
effective
Fall
1994.
Section
5:
That
the
President
and Vice-President
for
Business
and
Financial
Affairs
take
the
necessary
action
to
implement
the
above
fee
schedule
for room
and
board.
Section
6:
That
this
resolution
shall
be
in full
force
and
effect
from
and
after
its adoption.
=================================================================
CERTIFICATION
The
undersigned
does
hereby
certify
that
the
foregoing
is a true
and
exact
copy
of a resolution
of the
Board
of Trustees
of the
University
of the
Virgin
Islands
adopted
at
its meeting
on
August
8,
1993,
as recorded
in the minutes
of
said
meeting.
Secretary
of the
Board