The Hawk Hawks fall to Creighton
Justice is brewing Breath of fresh air
Men’s basketball loses to Creighton in heartbreaking fashion
Sports, pg.
The11.20.13 Hawk Newspaper
17
Saint Joseph’s University Volume XCI
Students advocate for social justice and consumer responsibility with fair trade products on campus News, pg. 4
Pope Francis brings welcome change to image of Catholicism
The Issue, pg.
5-8
Est. 1929
LOSS OF
-$1,700,000 University expects cutbacks due to budget deficit
Cat Coyle ’16
A
News Editor
t a recent Presidential Cabinet meeting, members were informed that due to budgeting issues, the university is now at a $1.7 million budget deficit, according to Robert Moore, Ph.D., assistant professor of sociology and faculty senate president. On Nov. 12, cabinet members learned that a number of budgeting issues have required all schools and administrative divisions to make cutbacks to cover a series of university revenue and enrollment shortfalls. “There is no single reason, but my impression from what was said is that the latest shortfall, which caused the needle to go over into the red, was due to funds that were assumed to be unrestricted turned out to be restricted,” said Moore. When donors make gifts to Saint Joseph’s University, they can deem them restricted or unrestricted. Monies donated and designated for certain projects cannot be found or budgeted into the general university budget. However, according to information given at the cabinet meeting, somewhere in the process funds that were unrestricted and put into the general university budget were instead supposed to be designated for a specific purpose as restricted funds. “My understanding is that there was a working assumption that monies that the university has were unrestricted, and so it was assumed that they could be utilized in the current year budget,” said Moore. “For whatever reason, that has turned out to not be the case.” In addition to an incorrect allotment of donor
gifts, the actual enrollment for the class of 2017 did not reach target numbers. According to enrollment statistics, the fall 2013 enrollment was projected to be 1,300 students, but only 1,275 enrolled. Additionally, the budget was built for 80 transfer students, but only 70 students enrolled this year as transfer students. The university is built around the projected number of students, so a smaller number of students and tuition revenue have impacted the budget. Moore said that the problem was explained as a series of budget shortfalls that eventually set the budget into the red. In the beginning of the year, the university was scheduled to have between a $6-$7 million surplus. Partway into the year when the budget was reviewed, the expected surplus was greatly diminished due to multiple unexpected budgeting “variances,” according to a statement from the Office of the President. According to Peter Norberg, Ph.D., professor and department chair of English, last week a further review of the budget has called for a 4.3 percent expense cutback to all university divisions. Continued DEFICIT, Pg. 3