UPDATE to Campus Community: August 1, 2016
In my July 5 message to campus, I reviewed permanent budget reductions and the impact of “stopgap” funding approved by the state legislature. I noted that the stopgap funding, while welcome and helpful, still leaves us with significant financial challenges as we await word on state appropriations for the current fiscal year. This means that it is essential that we continue to conserve funds wherever possible.
As background, we are using the second stopgap appropriation -- $54 million for the Carbondale campus and $19.9 million for School of Medicine -- to cover salary expenses for FY16 that have already been incurred. We expect to receive reimbursement from the state in six installments from July through December 2016. The state payments will partially replenish cash that was depleted during FY16, but spending for the current FY17 fiscal year is not covered.
At this time, we do not know when or how much additional funding will be appropriated for FY17.
UPDATE to Campus Community: July 5, 2016
To the Campus Community,
Following last week’s welcome agreement in Springfield on a stopgap spending plan, I want to update you on the status of our budget.
We just concluded a difficult fiscal year, and the year ahead looks challenging as well. However, I am proud that we have maintained our core programs and services for students.
As you may recall, in April we received $29.26 million in stopgap funding during fiscal year 2016 – roughly a third of our anticipated state appropriation. To help us get through the year, we made $13.6 million in one-time and permanent reductions to our state budget, severely limiting hiring and other spending.
The temporary state budget approved last week provides the university with $54 million, plus $5.3 million to cover spring 2016 MAP grants. (Please see today’s announcement by SIU President Randy Dunn regarding fall 2016 MAP grants.)