Resolution: Approval of the 2011-2012 Annual Plan

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Resolutions Approval of the 2011-2012 Annual Plan Feedback?
This resolution approving the 2011-2012 Annual Plan was approved unanimously on 28 June 2011.
2011-2012 Annual Plan (PDF)

Resolved, that the Board of Trustees hereby approves the proposed 2011-12 annual plan of US$28.3 million of spending and US$29.5 million of revenues with the reserve at US$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.

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