Resolution:Approval of the 2011-2012 Annual Plan
Jump to navigation
Jump to search
←Resolutions | Approval of the 2011-2012 Annual Plan | Errors?→ |
This resolution approving the 2011-2012 Annual Plan was approved unanimously on 28 June 2011. |
Resolved, that the Board of Trustees hereby approves the proposed 2011-12 annual plan of $28.3 million of spending and $29.5 million of revenues with the reserve at $20.7 million at the end of 2011-12. These amounts do not include restricted gifts to fund additional project work.
If, during the year, the Foundation's management anticipates the reserve at each quarter-end will differ materially from the plan, the Board directs management to consult the Board Treasurer promptly.
Reference: