HUNTINGTON â Marshall University is receiving $2 million from the stateâs CARES Act funding, Chief Financial Officer Mark Robinson reported to the Board of Governors during a virtual meeting Thursday.
The funds will reimburse Marshall for a portion of its pandemic-related expenses and loss of revenue. According to Robinsonâs financial report, the university has so far incurred $1.8 million in pandemic-related expenses, such as testing and supplies, and $4.2 million in lost revenue due to the pandemic, such as loss of student fees and loss of a Marshall Artists Series season.
Year to date, the university is down $2.4 million in tuition and fees. Scholarships are up and the university anticipates they will go up in the spring.
Friday, December 18, 2020 - 07:40
Huntington The Marshall University Board of Governors on Thursday approved spending for the second half of the fiscal year, a period marked by budgetary ups and downs imposed by a global pandemic.
University officials say the proposed budget, described as intentionally conservative because of COVID-19, was adjusted upward to include nearly $1 million more in tuition and student fees than had been originally budgeted.
The board has moved forward with quarterly approvals until now. With a nod to cautious optimism, board members approved spending for the final two quarters of the fiscal year. Chairman Patrick Farrell, while acknowledging tough decisions still lie ahead, congratulated Marshall President Jerome A. Gilbert and his executive team for their crisis leadership during the fall term.
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