Board of Visitors minutes April 7, 2006 | ||
I. Overview
Purpose
1. Articulate the role of the University’s Debt Policy within the strategic planning process.
University’s Mission |
Strategic Plan |
Capital Plan/6-Year Plans |
Debt Policy |
Overview
In support of its mission, the University of Virginia maintains a long-term strategic plan. The strategic plan establishes University-wide priorities as well as University-wide and divisional programmatic objectives. The University develops a capital plan to support these priorities and objectives.
The University’s use of debt plays a critical role in ensuring adequate funding for the capital plan as well as providing a cost-effective source of funding for other purposes. By linking the objectives of its Debt Policy to its strategic objectives, the University ultimately increases the likelihood of achieving its mission. The Debt Policy is intended to be a “living” document that will evolve over time to meet the changing needs of the University.
Board of Visitors minutes April 7, 2006 | ||