Friday, December 7, 2018

In wake of budget deficit, Cal State Fullerton uses reserve money for second consecutive year - Aurielle Weiss, Daily Titan

President Fram Virjee said Cal State Fullerton has been functioning at a budget deficit for about four years, during the biannual Fiscal State of the University presentation at the Academic Senate meeting on Nov. 15. This is the second consecutive year the school has worked off a budget deficit and has been working off its reserve money in order to continue its programs, Virjee said. “We still are operating at a deficit (of) $1.1 million for this year, using our reserves to cover that,” Virjee said. “We can’t live off our reserves year after year or there won’t be any, and they are diminishing as you all know.” https://dailytitan.com/2018/11/fullerton-operating-budget-deficit/