In September, the Shawnee State University Board of Trustees discussed plans to address a $2.5 million shortfall to SSU’s current operating budget, a result of declines in the university’s fall enrollment. The strategy included addressing a portion of the shortfall ($1.5 million) with reserves, leaving $1 million to be reduced in the current operating budget. Reserves include the university’s assets, including cash savings, long-term investments, inventory, equipment, buildings, and receivables.
http://portsmouth-dailytimes.com/news/news/150245495/SSU-cuts-budget-across-campus