AL--Budget Shortfall

MOBILE, Ala. (AP) - The University of South Alabama is warily anticipating a $10 million budget deficit in the new fiscal year despite a tuition increase and record enrollment.

President Gordon Moulton says the university would dip into its reserves to cover the shortfall, which is its largest ever.

USA has about $174 million in reserve.

The $677 million budget for 2009-10 reflects a revenue increase of $9 million in tuition and fees. But there's still a projected $13.7 million loss - 11.3 percent - in appropriations from the state. The new fiscal year begins Oct. 1.

A year ago, the school limited overtime, stopped paying for employee cell phones and instituted a hiring freeze for staff positions. As a result, 250 positions have remained unfilled.
---
Information from: Press-Register, http://www.al.com/mobileregister

(Copyright 2009 by The Associated Press. All Rights Reserved.)


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 59612962 - wtvy.com/a?a=59612962
Gray Television, Inc.