scholarships for student aid. The Vice President stated that on the positive side, due to budget reduction measures put in place, very little of the University fund balance was accessed to balance the fiscal year 2016 budget. He stated we will probably go $300,000 to $400,000 into the fund balance this year.

III. Adjournment

The discussion adjourned at 10:19 a.m.

Submitted by:Approved by:
Mr. Gregory Rush, Vice President of Business AffairsRegent LaVaughn Henry, ChairpersonBusiness Affairs Committee
Approved with no correctionsApproved with corrections

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