YOUNGSTOWN -- Youngstown State University announced a comprehensive plan to address a $6.6 million budget deficit.
University officials, who released information about the plan today, explained that declines in enrollment over the past three years combined with consistent reductions in state funding called for cost-saving measures to be put into place immediately.
In a written statement YSU President Randy J. Dunn said, ``These measures, while extensive, will allow us to balance our budget without impacting academic and student services.''
* Freezing all discretionary spending across the university (i.e. travel, equipment, etc.) unless expressly approved by division vice presidents. Projected savings: $2.9 million.
* Operating budget reductions across campus, ranging from office supplies and printing to postage and maintenance costs. Projected savings: $1.4 million.
* Reducing technology expenditures, significantly deferring or delaying infrastructure updates (i.e. servers, electronic switches, phone systems, etc.). Projected savings: $750,000.
* Reducing staff, including the layoff of five full-time and four part-time non-faculty employees. Projected savings: $663,000.
* Improving enrollment in Spring semester 2014. Projected to generate $315,000 in additional revenue.
* Reducing overhead from campus auxiliaries (i.e. Kilcawley Center, housing, etc.). Expected to generate $300,000 in additional revenue.
* Implementing voluntary furlough or vacation day givebacks. Employees across campus will be asked to voluntarily take non-paid furlough days or to voluntarily give up vacation days. Projected savings: $230,000.
* Reducing energy usage across campus, including possible power-down over holiday week in December. Projected savings: $150,000.
In the past two fiscal years YSU lost $16 million in revenue due to decreased enrollment and state allocations. This fiscal year, tuition/enrollment revenue and state funding are down an additional $4.2 million, officials said.