summer–fall 2010 - Delaware State University

T H E E C H O
Hornet Golf Classic
Raises $13,415
for DSU Athletics
The 15th annual Hornet Golf Classic was held at scenic Maple Dale Country Club
in Dover on April 16. The event included a four-person scramble with a silent auction,
prizes and giveaways. More than 72 golfers took part to raise more than
$13,000 for the benefit of DSU athletics. The winning team consisted of Derrick
Leggins, Kenneth Hynson, Karl Baptiste and Robert Johnson.
On the Mend
S&P Reaffirms
Delaware State’s A+
Financial Rating
Standard & Poor’s, a top national credit-rating agency,
has affirmed that Delaware State University maintains
an A+ credit rating.
According to Standard & Poor’s recent assessment
of the institution, the A+ rating reflects the strength
of DSU’s leadership team that keeps the University
focused on its strategic plan. The assessment
also noted the University’s modest debt burden
of 3.5 percent of 2009 expenses with no additional
debt planned.
“This signifies the confidence of people who conduct
an extensive evaluation on our financial management,”
said DSU President Harry L. Williams. “To get
an A+ rating in these tough economic times says a
lot about our financial managers and the transparency
of the institution.”
Marvin Lawrence, DSU Board of Trustees member
and chair of the board’s finance committee, said that
while the University works hard to continually assess
its financial system, it is also great encouragement
to receive such validation from a top outside agency.
“We are elated to have received this credit rating,
and it is really a reflection of DSU’s financial staff,”
Lawrence said. “They work hard to manage the
financial aspects of the University and keep the
institution on point.”
Standard & Poor’s has been designated by the US
Security and Exchange Commission as a nationally
recognized statistical rating organization.
Former Hornet basketball star Troy Roundtree (seated) and his father—another former DSU basketball
standout—James Roundtree (right) get a visit by DSU President Harry L. Williams (left)
during a home basketball doubleheader. Troy, who is still on the mend after a serious 2009 car
accident in Philadelphia, was the starting forward who was a part of the MEAC Championship
Hornets of the mid-2000s. He followed his father James’ footsteps, whose 1971–74 efforts
resulted in the fourth-most career rebounds in Hornet history.
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