University Announces Budget Surplus

The university presents its financial picture at a Community Forum, in which it projects a $100,000 budget surplus for the year, despite financial losses due to the COVID crisis, due to gifts received from the government and private donors.  It announces that multi-million dollar renovations will take place to Dolan Hall.  It notifies faculty that they might have their salaries return to pre-cut levels, depending on the size of the incoming student class.  Despite the budgetary surplus, this fiscal year would trigger the Board's proposed "budgetary hardship" clause.