In an effort to address an $11.5 million deficit for 2021, Washington State University (WSU) has proposed a $1.4 million transfer from the university’s general fund to its athletics department. The university’s Board of Regents will vote on the proposal at their upcoming meeting on June 18th.
The proposed transfer is part of a larger effort to address the university’s budget shortfall. WSU is facing a $20 million deficit due to the COVID-19 pandemic, which has caused a decrease in enrollment and revenue. The university has already implemented a hiring freeze, reduced travel and operating expenses, and eliminated some positions.
The $1.4 million transfer would be used to cover the athletics department’s expenses for the 2021 fiscal year. This includes salaries, scholarships, and other operating costs. The department is currently facing a $11.5 million deficit due to the pandemic, which has caused a decrease in ticket sales, sponsorships, and other revenue sources.
The proposed transfer is part of a larger effort by WSU to address its budget shortfall. The university has already implemented a hiring freeze, reduced travel and operating expenses, and eliminated some positions. The university is also working with the state legislature to secure additional funding for the 2021 fiscal year.
The Board of Regents will vote on the proposal at their upcoming meeting on June 18th. If approved, the transfer would help WSU address its budget shortfall and ensure that its athletics department can continue to operate in 2021. The university is hopeful that the transfer will help them bridge the gap until they can secure additional funding from the state legislature.
