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27th June 2020, 08:04 AM
Super Moderator
 
Join Date: Oct 2019
Re: Lincoln University Budget Cuts

Lincoln University (New Zealand), a public university in Lincoln, Canterbury Region, South Island

Cuts to Lincoln University's budget for next year include a 2.5 percent across-the-board decrease in salary for Lincoln employees, 41 staff and faculty positions that have already been eliminated, and the elimination of the university's bowling team.

Lincoln University's budget for next year still contains some uncertainty as to the extent of deficits, but what's clear is that cuts in place will affect employees and students.

Those cuts include a 2.5 percent across-the-board decrease in salary for Lincoln employees, 41 staff and faculty positions that have already been eliminated, and the elimination of the university's bowling team.

Lincoln's Board of Curators on Monday approved a budget for the 2021 fiscal year that assumes a 20 percent decline in state appropriations — based on information from Missouri Gov. Mike Parson's office, said Sandy Koetting, LU's vice president for administration and finance.

The income in LU's approved general fund budget — for things including academic programs, faculty pay and student services — is 43 percent dependent on core state appropriations.

The university currently expects those core appropriations to decline more than $3.4 million for next year, to a total of approximately $13.6 million, as the state also faces its own budget crises due to the economic fallout of the COVID-19 pandemic.

The pandemic is also threatening LU's other main source of income — collection of tuition and fees, which is expected to take a more than $4.4 million hit as enrollment is expected to decline. The budget approved Monday expects approximately $10.7 million to be brought in through tuition and fees — 33 percent of the budget.

LU also expects a more than $754,000 decline in state appropriations in the form of matching funds for its 1890 federal land grant funding. Those matching funds from the state are currently budgeted to bring in more than $3 million, 9 percent of the university's general fund income for next year.

Most of the rest of next year's budgeted general fund income — more than $3.38 million, 11 percent of budgeted income — is a transfer of federal Coronavirus Aid, Relief and Economic Security Act emergency funding.

Parson has not yet approved a budget for Missouri, and Koetting said LU expects to know more in the coming weeks, as Parson nears a June 30 deadline to approve the state's budget.

If a 20 percent cut in state appropriations is realized, Koetting said, that would not jeopardize any more faculty or staff positions than have already been eliminated.

Of 41 eliminated positions, 17 were filled and 24 were vacant, she said. Of the filled positions, five were faculty and the rest were staff.

"We cannot keep people on, not knowing what the budget is, and knowing that we have significant deficits," LU President Jerald Jones Woolfolk said.

Contact Details:

Lincoln University
Main Campus
1570 Baltimore Pike
Lincoln University, PA 19352

University City
3020 Market Street
Philadelphia, PA 19104

Toll Free: 888-9-LU1854
Phone: 484-365-8000

Map location:

[MAP]Lincoln University[/MAP]


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