Posted by mikenolting on
FAIRMONT, W.Va. – The 2020 financial audit of Fairmont State University by independent auditing firm, Suttle and Stalnaker, shows a strong financial performance for the third straight year. Since 2018, the University has seen a $12 million turnaround in its net positive position.
“Many contributors have enabled us to end the fiscal year with an increase in net position of $5.2M, including changes implemented to improve efficiency and continuing to be conscience of costs,” said Christa Kwiatkowski, Fairmont State University Chief Financial Officer. “To have three years of positive net position changes is quite a feat in the current higher education environment.”