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June 4, 2020 at 1:30 PM - Business and Finance Committee

Agenda
Call to Order
Roll Call/Declaration of a Quorum
Action Items
A. Consideration of the Estimated Budget for the 2019-2020 Fiscal Year and Proposed Budget for the 2020-2021 Fiscal Year
Background Information:  Under Policy 1:022 (Budget Principles and Control), the original budget for the fiscal year is known as the Proposed Budget and is prepared in the spring. This budget includes the level of state funds recommended in the Governor’s proposed budget. The Proposed Budget is submitted to the Board for approval at the Summer Board meeting.

The Estimated Budget is the final budget submitted for each fiscal year. It includes final adjustments to the current year budget and is the budget against which final, year-end actual amounts are compared. It is prepared, submitted, and considered by the Board at the same time as the Proposed Budget for the upcoming fiscal year.

The purpose of this agenda item is to consider for approval both the Estimated Budget for Fiscal Year 2019-20 and the Proposed Budget for Fiscal Year 2020-21.
 
Attachments:
Description: 
Proposed Implementation Date: July 1, 2020

Item Details:
See attachment.
B. Consideration of Capital Maintenance Requests for the 2021-2022 Fiscal Year
Background Information:  As the coordinating body for higher education in Tennessee, the Tennessee Higher Education Commission (THEC) engages with institutions and governing boards on capital investments through its role to develop and approve recommendations for capital outlay and maintenance funding. THEC identifies capital investment needs and determines priorities for those investments to be considered by the Governor and the General Assembly as part of the annual appropriations act.
 
Description:  Proposed Implementation Date: Fiscal Year 2021-2022

Item Details:
For the 2021-2022 fiscal year, APSU will submit two capital maintenance projects for the Sundquist building roof replacement and the Sundquist building exhaust system controls replacement.
 
Information Items
A. Review of the University’s Organizational Chart
Background Information:  In April, during the University’s budget cycle, the University’s organizational chart is reviewed and updated as appropriate.
 
Attachments:
Description: 
Proposed Implementation Date: July 1, 2020

Item Details:
See attachment.
Adjourn
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