Friday, December 5, 2014

ASU board discusses furloughs other cost-saving options - Josh Moon, Montgomery Advertiser

Alabama State University has made enough cuts to balance its budget ... for now. Through a series of cuts and a hiring freeze that some trustees say hasn’t really been honored, vice president of finance Wanda Smith reported to the board on Friday that the school has a workable budget without cutting employee pay or implementing layoffs. “These cuts have been very, very trying,” Smith told the board. “I’m proud to say that we were able to protect our employees.” Smith told the board that any further dip in enrollment or other unforeseen expenses could put the university in a precarious state. To address those possibilities, Smith presented the board with the options of implementing a voluntary separation agreement with employees or undergoing employee furloughs. http://www.montgomeryadvertiser.com/story/news/2014/11/21/asu-board-discusses-furloughs-cost-saving-options/19372071/

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