Page 15 - TSU

Implementation

Table 2: Specific Dollar Reductions

SUNO Financial Strategy Specific Dollar Reductions Rationale/Explanation
With expenses for athletics averaging $1M
over the last several years and revenue
Suspension of Athletics Programs $750,000
averaging $225K, the model was not
sustainable.
A furlough was effective 8/2019 which
impacted senior administrators and staff.

Furloughs This enabled the University to bring the
$134,363
current year budget and balance.

Administrative and support staff positions
were either unfilled or eliminated. A few
positions were re-allocated to other funding
sources and re-instated if a critical need of
Freezing/Elimination of positions $892,161
the University (i.e. Social Work). This
enabled the University to bring the current
year budget and balance.

Six employees took advantage of early
retirement opportunities. This enabled the
Early Retirements
$199,346 University to bring the current year budget

and balance and also provides a pool of
revenue for future investments.
All full-time faculty agreed to teach one
Faculty Mandatory overload overload class at no cost. This enabled the
$222,589 University to bring the current year budget
and balance.