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Title: Debt Management Policy
Subject: Guidance for the Use and Management of Debt
Policy No: FIN: 2008:01
Applies: University-Wide
Issuing Authority: President
Responsible Officer: Senior VP for Finance and CFO
Adopted: 6/4/2008
Last Revision: 12/23/15
Last Reviewed: 10/117/1819
I. PURPOSE
This Debt Policy serves to articulate Rowan University’s philosophy regarding debt and to establish a framework to help guide decisions regarding the use and management of debt. As the University establishes institutional priorities through its strategic planning processes, including its campus master planning, the University will consider utilizing an appropriate mix of financing and funding sources, including State funding, gifts, internal reserves and investments, and external debt. This policy will help ensure that an appropriate mix of funding sources are utilized, that the University’s debt capacity is allocated strategically, and that Rowan University’s debt levels and types of debt are appropriate and responsible, given the University’s financial strength and risk tolerance levels.
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- Attachment 1 – Debt Management Procedures and Guidelines
Attachment 1 –
Debt Management Procedures and Guidelines
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