Wright State president: ‘Avoiding fiscal watch is by no means a certainty’ - Max Filby, WHIO

Wright State University’s president emailed the campus Thursday saying that she is “cautiously optimistic” about the school’s chances at avoiding being put on state fiscal watch. “While our financial progress has been outstanding, we still have critically low reserves, and avoiding fiscal watch is by no means a certainty,” president Cheryl Schrader wrote in her email. “We need to continue to be conservative, frugal, and anticipatory.” Wright State currently projects it will add $7.2 million to its reserve fund by the close of the fiscal year on June 30. The university needed to add around $6 million to reserves to avoid being placed on fiscal watch by the state. https://www.whio.com/news/wright-state-president-avoiding-fiscal-watch-means-certainty/0Na0mhGQwGoFSEpYJTNCZI/