Thursday, July 30, 2020

Helble announces winter study abroad program cancellations, budget losses in live stream - Lorraine Liu and Allison Wachen, the Dartmouth

Regarding the College’s operations budget, Helble said that the College experienced a “substantial” operating loss of $36 million for the fiscal year 2020, a number that amounts to about 40 percent of the College’s original estimate of $83 million during the spring. He cited the improved investment market, support from the Dartmouth College Fund and efforts to reduce “non-compensation expenses” as factors that contributed to the reduced budget deficit.  Chief financial officer Mike Wagner said during the livestream that approximately $15 million of the College’s operating losses came from the loss of room and board fees and approximately $7 million came from losses related to professional schools.