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.)
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