Policy 6 - University Operating Reserve
DATE ISSUED: July 1, 1994
DATE REVISED: September 1, 2000
Good fiscal management requires the creation of sufficient budgetary reserves. These reserves will help protect the University from the adverse financial impact of unanticipated operating problems and allow for sufficient resources to accommodate an incentive plan.
The University will build and maintain a University operating reserve. The amount will be determined annually by the Budget Committee.