Monday, October 31, 2016

University faces $10 million budget deficit - Kate Carlson, CM Life

Lower than expected enrollment for online classes and at satellite campuses has contributed to a $10 million budget deficit now facing Central Michigan University. “We can determine we’re not going to reach what the actual budget was for main campus or (Global Campus),” said Joe Garrison, director of financial planning and budgets. Colleges, service units, the finance team and the president’s cabinet will attend an open budget forum at 3:30 p.m. on Oct. 26 in the Charles V. Park Library auditorium. The forum is open to students, faculty and staff. There will be a comment portion when people can ask questions or provide feedback on the budget. Almost $8 million of the deficit comes from lower than projected tuition revenue with about 70 percent of that coming from online and satellite courses, according to an Our CMU story published on Oct. 18. http://www.cm-life.com/article/2016/10/budget-deficit-of-10-million

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