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UNIVERSITY OF THE VIRGIN ISLANDS

BOARD OF TRUSTEES RESOLUTION



Purpose: To approve a two-year rate schedule for room and board fees for academic years

1998-99 and 1999-2000



WHEREAS, it is the University’s policy to set room and board fees at levels sufficient to support

associated operations, and



WHEREAS, the cost of operating the food service and residence halls continue to increase, and



WHEREAS, the University has a rate differential for single and double room occupancy which

establishes the single rate at 1.25 times the room rate for double occupancy;



NOW THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE

UNIVERSITY:



Section 1: That room rates be increased by 10% for academic year 1998-99 and by 10% for

academic year 1999-2000.



Current Proposed — Proposed



Occupancy Rate Fall 1998 Fall 1999

Room Charge Per Year Double 1,652 1,818 2,000

Room Charge Per Year Single 2,066 2,274 2,500



Section 2: That board rates be increased by 5% for academic year 1998-99 and by 5% for

academic year 1999-2000.



Current Proposed * Proposed —

Rate Fall 1998 Fall 1999

Board Charge Per Year 3,474 3,648 3,830



Section 3. That the foregoing schedule of fees for room and board charges shall be applicable to

both the St. Thomas and St. Croix campuses and become effective in Fall 1998 and Fall 1999

respectively.

Room and Board Rate Resolution

Academic Years 1998-99, 1999-2000

Page 2



Section 4: That the President and the Vice-President for Business and Financial Affairs take the

necessary action to implement the above fee schedule for room and board.



Section 5. That this resolution shall be in full force and effect from and after its adoption.



ERT TION

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 and adopted at its meeting on

Saturday, October 25, 1997 as recorded in the minutes of said meeting.



(Qnrbhe Kan W/o f41



Secretary of the Board