| General Policy on the Use of Debt
Introduction Bryant University (the “University”) provides a uniquely student-centered, business-focused education of the highest quality. In order to fulfill its mission, the University must maintain its physical plant, equipment, and infrastructure while investing in new buildings, equipment, and infrastructure. The University uses an array of sources to support these investments, including surplus generated from operations, donations, and external debt. The utilization of debt and other financial resources to fund capital projects will be driven by the University’s strategic planning process. Capital needs will be considered in concert with the operations of the University. Debt and debt management will link capital budgeting to financial planning and operations. Bryant University’s Debt Policy is intended to provide a framework for assuring that debt is managed and used strategically to advance the University’s mission. |