UNIVERSITY OF THE VIRGIN ISLANDS RESOLUTION 
OF THE BOARD OF TRUSTEES 
 
To ratify the actions taken in Regular Session by the Executive Committee of the Board of 
Trustees of the University of the Virgin Islands for the Board 
 
 
WHEREAS, Article VI, Section 1 (a) of the Bylaws of the University of the Virgin Islands states in 
part, “The Executive Committee may act for the Board between Board meetings, in the event of 
emergencies requiring Board action;” and 
WHEREAS, that section of the Bylaws further states, “The Executive Committee shall report to 
the Board at its next meeting on all actions taken by it, and the Board shall ratify or revoke such 
actions,” and 
WHEREAS, the last meeting of the Board was on October 27. 2018; and 
WHEREAS, during the Regular Session of a meeting on N o v e m b e r 1 5 , 2 0 1 8 , the 
Executive Committee (“the Committee”) acted for the Board as follows: 
 
• Approved the FY 2019 Proposed Operating Budget for the University 
 
(A copy of the document is attached hereto for reference.) 
 
 
NOW THEREFORE BE IT RESOLVED BY THE BOARD: 
The action taken by the Executive Committee of the Board during the Regular Session of its meeting 
on November 15, 2018, which is summarized above, is hereby ratified. 
 
 
 
CERTIFICATION 
The undersigned hereby certifies that the foregoing is a true and exact copy of a resolution approved 
by the Board of Trustees of the University of the Virgin Islands at a meeting on S a t u r d a y , 
M a r c h 2 , 2 0 1 9 , as is recorded in the minutes of that meeting. 
 
 
 
 
 
  
 
 
 
 
 
 
 
March 2, 2019 
 
 
 
 
Secretary of the Board 
Date 
 
 
 
 
 
 
 
 
 
 
BOARD OF TRUSTEES 
UNIVERSITY OF THE VIRGIN ISLANDS 
OPERATING BUDGET RESOLUTION 
FISCAL YEAR 2018-2019 
 
Resolution approving the Fiscal Year 2018-2019 Operating Budget for the University of the Virgin Islands 
 
WHEREAS, on April 16, 2018 the University submitted its Fiscal Year 2018-2019 appropriation request of $33,856,750 to 
the Honorable Kenneth E. Mapp, Governor of the US Virgin Islands; and  
WHEREAS, on September 28, 2018 Act 8108 was passed by the 32nd Legislature of the Virgin Islands appropriating 
$33,780,025 to the University for the fiscal year ending September 30, 2019; and  
WHEREAS, on November 9, 2018, the University Budget Committee voted to recommend a balanced operating budget 
consisting of revenues of $45,962,472 and expenditures and transfers of $45,919,068 for Fiscal Year 2019, which is 
incorporated into this resolution as “Exhibit A;” and 
WHEREAS, on November 15, 2018, the Finance and Budget Committee of the Board of Trustees voted to recommend to 
the Board of Trustees the approval of an operating budget consisting of revenues of $45,962,472 and expenditures and 
transfers of $45,919,068 for Fiscal Year 2019, which is incorporated into this resolution as “Exhibit A.” 
NOW THEREFORE BE IT RESOLVED AS FOLLOWS: 
A.  That, for the purpose of carrying out the operations of the University for the fiscal year, which began October 1, 2018 
and ends September 30, 2019, the operating budget proposed by the Administration, a copy of which  is incorporated 
into this resolution as Exhibit “A”,  is hereby approved. The total projected operating revenues and expenditures in 
the Fiscal Year 2018-2019 Operating Budget are as follows: 
i) 
Total  revenues of $45,962,472; and 
ii) Total expenditures and transfers of $45,919,068. 
B. That the President and Vice-President for Administration and Finance are authorized to take such actions as are 
necessary and proper to implement this resolution. 
 
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 a special meeting of the Executive Committee on November 15, 2018, as 
recorded in the minutes of said meeting. 
 
 
  
 
 
 
 
November 15, 2018 
_____________________________________ 
 
_____________________________ 
 
Secretary of the Board  
 
 
 
 
Date 
 
 
 
 
 
 
 
 
EXHIBIT A 
 
 
 
 
UNIVERSITY OF THE VIRGIN ISLANDS 
FISCAL YEAR 2019 PROPOSED OPERATING BUDGET  
REVENUES 
FY2018 Approved 
Budget  
Total 
Adjustments 
FY2019 
Proposed 
Budget 
Tuition & Fees 
$14,342,354  
($1,732,690) 
$12,609,664  
Appropriations 
$21,571,364  
$3,584,094  
$25,155,458  
Government Grants & Contracts 
$1,355,000  
$0  
$1,355,000  
Private Grants & Contracts 
$1,790,447  
$0  
$1,790,447  
Investments 
$0  
$0  
$0  
Sales & Services Education 
$4,000  
$0  
$4,000  
Sales & Services Auxiliary 
$5,757,333  
($1,013,682) 
$4,743,651  
Other Revenues 
$304,252  
$0  
$304,252  
Total Revenues 
$45,124,750  
$837,722  
$45,962,472  
EXPENDITURES 
FY2018 Approved 
Budget  
Total 
Adjustments 
FY2019 
Proposed 
Budget 
Instruction 
$11,640,563  
$0  
$11,640,563  
Research 
$771,219  
$0  
$771,219  
Public Service 
$673,205  
$0  
$673,205  
Academic Support 
$2,991,400  
$0  
$2,991,400  
Student Services 
$3,317,614  
$0  
$3,317,614  
Institutional Support 
$11,807,008  
$238,000  
$12,045,008  
Operations/Maintenance of Plant 
$7,177,936  
$45,000  
$7,222,936  
Student Aid 
$519,261  
$0  
$519,261  
Auxiliary Enterprises 
$5,051,573  
($988,682) 
$4,062,891  
Transfers 
$1,174,971  
$0  
$1,174,971  
Salary Increase Pool (to be distributed) 
$0  
$1,500,000  
$1,500,000  
Total Expenditures & Transfers 
$45,124,750  
$794,318  
$45,919,068  
Net Operating Position 
$0  
$43,404  
$43,404