April 6, 2017
At today’s meeting of the SIU Board of Trustees, there was no vote taken to “borrow” funds from our sister campus in Edwardsville as proposed last week by President Dunn. You will recall that the intent was to use unrestricted funds from Edwardsville, without affecting its operations, to help Carbondale through the end of the fiscal year. However, because this was a special item on the agenda, it required a unanimous vote of trustees to take it up for consideration, and the vote was not unanimous.
In short, the vote to borrow funds did not take place. According to President Dunn, it will likely be taken up at a special meeting of the board or its regularly scheduled meeting in July. Any decision about the possible declaration of a financial emergency was also deferred.
What does this mean for SIU Carbondale? It does not change our current course. We are here to stay, but we must continue to work toward reducing our budget by $30 million effective July 1. Further, it is more important than ever that we stop spending as much as possible between now and the end of the fiscal year. Every penny we save now helps us avoid a deficit and is less that we will need to repay in the future.
I appreciate your diligence.