Sunday, December 13, 2015

Marshall adapts budget to cuts - LACIE PIERSON, Herald-Dispatch

The university's Board of Governors were presented with hopeful but realistic re-forecasting of the university's fiscal year 2016 budget while providing campus-wide raises to faculty and staff during its regular meeting Wednesday in the Memorial Student Center on campus. The starting point for the report was the need to make up a $4.5 million deficit in the university's budget, which was comprised of a 4 percent reduction in state appropriations, a reduction in the actual number of E-course participation last summer and a shortfall in the actual cost savings from initiatives proposed through Marshall's 20/20 Strategic Plan, said Mary Ellen Heuton, Marshall's senior vice president for finance and chief financial officer.

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