Resolution: Annual Plan 2015-2016

Resolutions Annual Plan 2015-2016 Feedback?
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 US$68.2 million of revenues, US$65 million of spending and adds US$3.2 million to the reserve. This will be in addition to raising US$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.

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