Affiliates
云顶赌场app Financing Corporation and 云顶赌场app Property Corporation
Mission
The 云顶赌场app Financing Corporation, a direct-support organization (DSO), is the University's financing arm and is expected to provide attractive long-term financing for the University's major capital projects. The 云顶赌场app Property Corporation is a separate, legal entity and acts in tandem with the 云顶赌场app Financing Corporation for lease purchase financing transactions. The sole member of the 云顶赌场app Property Corporation is the 云顶赌场app Financing Corporation.
Governance
The 云顶赌场app Financing Corporation and 云顶赌场app Property Corporation share a common Board of Directors. The working Board consists of at least five but no more than seven members, including the University President, University COO and five independent members. The Board also includes two 云顶赌场app regional campus representatives. The Board is comprised of finance, legal, accounting and audit professionals.
Meetings
An annual meeting of the Board of Directors is held at 3:00 p.m. on the first Tuesday of November of each year, unless another date and time are agreed upon by the Board. Special meetings may be called by the Board Chair or Secretary. The Secretary keeps full and accurate minutes for all meetings of the Board of Directors.
Financial Statements and Reports
The 云顶赌场app Financing Corporation and 云顶赌场app Property Corporation financial statements are prepared on a consolidated basis due to the Financing Corporation鈥檚 ongoing economic interest in the Property Corporation and its ability to control the activities of the Property Corporation through common members of the Boards of Directors.