Concerned with GW's shrinking bottom line, faculty press for far-seeing budget system - Colleen Murphy, GW Hatchet

Faculty leaders voted unanimously Friday to push administrators to adopt a budget system that can forecast how unanticipated expenses could dent the University’s fragile finances. Faculty Senate members are concerned that after top officials spent two years overhauling the University’s budget model, GW still won’t be able to forecast how expenses could compound. They said they worry GW will fall behind some peer schools that can predict expenses five to 10 years down the line. The lobbying comes as credit agencies have warned the University about its shrinking bottom line. With that smaller financial cushion, Faculty Senate members said the budget plan needs to anticipate future projects to prevent unforeseen costs from catching officials off guard. http://www.gwhatchet.com/2014/05/12/concerned-with-gws-shrinking-bottom-line-faculty-press-for-far-seeing-budget-system/