WHEREAS, the Board of Trustees has reviewed the Fiscal Year 2001-2002 Ohio University Current Funds Budget.
NOW, THEREFORE, BE IT RESOLVED that the Fiscal Year 2001-2002 budgets of expected resources and expenditures for General Funds, Regional Higher Education and the College of Osteopathic Medicine as presented in Section E are hereby approved subject to the following provisions:
1. The Provost, with approval of the President, may make adjustments in instructional and general operating expense allocations,
providing the total does not exceed available unrestricted resources.
2. Expenditures for restricted and designated funds shall be limited to the resources generated.
It is found and determined that all formal actions of this Board of Trustees concerning and in relation to the adoption of this resolution were adopted in open meeting of this Board of Trustees' and that all deliberations of this Board of Trustees and any of its committees that resulted in such formal action, were in meetings open to the public in compliance with the law, including Section 121.22 of the Ohio Revised Code.
This resolution shall take effect immediately upon its adoption.