University News
FY'12 Budget Update [9/28/11]
September 28, 2011
Dear WIU Campus Community:
I am pleased to share that, in the past two days, we have received two FY'11 payments totaling $12.2 million, and that we have been reimbursed for our FY'12 payroll expenses to date, which total approximately $9 million. Western is currently waiting on repayments totaling $12.4 million for Fiscal Year 2011.
As we have stated in the past, the University's priorities continue to be to provide outstanding academic programs and to support our employees. Our cash balance will allow us to meet payroll through December, but we need to remain fiscally conservative due to the delay in FY'11 reimbursements. The state has until December 31 to reimburse FY'11 funds. However, we hope to receive these funds prior to December 31. All spending continues to be limited to immediate and essential operational needs only, and all purchases more than $500 must be submitted for vice presidential approval.
We will continue to follow the process for hiring that has been in place. It is critical that we conserve funds so that we can continue to meet our payroll obligations and provide the programs and resources our students require.
Thank you for your dedication to Western Illinois University.
Sincerely,
Jack Thomas
President
Posted By: University Communications (U-Communications@wiu.edu)
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