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UNIVERSITY OF THE VIRGIN ISLANDS

BOARD OF TRUSTEES RESOLUTION



TO MAKE THE ONE-TIME MERIT AWARD FOR FY97-98 PERMANENT GOING

FORWARD FROM FY98-99



WHEREAS, the Board of Trustees, at its meeting on June 6, 1998, approved the granting of a

one-time merit award for FY97-98 in the amount of $820,000, and



WHEREAS, the Board also authorized the Finance Committee to increase that amount by

$200,000 in consultation with the President and Vice-President for Business and Financial

Affairs, based on the receipt of funds for FY97-98, and



WHEREAS, the sustainable budget plan approved by the Board provides for the one-time

merit award to be made permanent for FY98-99 if the University receives an appropriation for

FY98-99 that is not less than the FY97-98 appropriation of $24,305,000, and



WHEREAS, the Governor has recommended an appropriation for FY98-99 in the amount of

$25,000,000, and



WHEREAS, the FY98-99 appropriation for the University is still under consideration by the

Virgin Islands Legislature, and conditional authorization is needed to enable the administration

to act on making the merit increase permanent, if the minimum amount of $24,305,000 is

appropriated.



NOW THEREFORE BE IT RESOLVED AS FOLLOWS:



1. That the Board of Trustees of the University hereby approves and adopts the following

policy:



(a) The one-time merit award to employees approved for the FY97-98 fiscal year

shall be made permanent effective October 1 of the 1998-99 fiscal year,

provided the University receives for FY98-99 an appropriation that is not less

than the appropriation of $24,305,000 received for FY97-98.



(b) The President and Vice-President for Business and financial Affairs are

authorized to take the necessary action to implement this policy action.



(c) This Resolution shall take effect immediately upon 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 originally adopted at its

meeting on Saturday, October 17, 1998, as recorded in the minutes of said meetings.



Secretary of the Board