|←Resolutions||Annual Plan 2015-16||Errors?→|
|The resolution was approved on June 28, 2015|
Resolved, that the Board of Trustees hereby approves management's proposed 2015-16 annual plan, which includes $68.2 million of revenues, $65 million of spending and adds $3.2 million to the reserve. This will be in addition to raising $5 million for a new endowment. If, during the year, management anticipates the reserve at the end of any quarter will differ materially from the plan, the Board directs management to consult the Chair of the Audit Committee promptly.