Resolution of the Board of Trustees

of the University of the Virgin Islands



Resolution Prohibiting The Administration Of The University Of The Virgin Islands

From Expending Funds For Any Budget Expense Line Item Or Project In Excess of

110% Of The Budget Approved For Such Expense Line Item Or Project By The Board

Of Trustees.



It is hereby resolved by the Board of Trustees of the University of the Virgin Islands that:



The Administration of the University of the Virgin Islands shall not for any

Expense Line Item or Project expend funds in excess of 110% of the Expense Line

Item or Project amount in the University’s operating budget or capital budget as

approved by the Board of Trustees, without prior approval by the Finance and

Budget Committee of the Board. The term “Expense Line Item” includes

Instruction, Research, Public Service, Academic Support, Student Services,

Institutional Support, Operations/Maintenance of Plant, Student Aid, Auxiliary

Enterprises, and Transfers. The term “Project” includes capital improvement

projects approved by the Board of Trustees.



CERTIFICATION



The Undersigned do hereby certify 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 March 15, 2008 as recorded in said minutes.



Ebel 3-27-08



Secre € Board Date



4-2 1-osS



Chairman of the(Board Date