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Show Enrollments up, revenues down; SUSC faces $60,000 shortfall "I believe this is undoubtedly going to be the tightest operating program the college has had to work with," said SUSC Vice President of Financial Affairs Paul Southwick concerning the college's amended financial work program approved unanimously by the SUSC Institutional Council Friday afternoon. The $6,872,000 amended work program lor the 1980-81 fiscal year is $178,465 less than the original program approved earlier this year; and, according ac-cording to Southwick, there will still be a-$60,165 shortfall which will probably . Ie made up from the college's contingency con-tingency fund. The reasons for the dire news of the linancial status of the four-year college are many. Southwick named Governor Scott Matheson's across-the-board 24 percent cut, inflation, rises in fuel and power bills, rises in faculty costs and decreased revenue from tuitions. "All of these things could go wrong or negative, and they have," Southwick concluded. Although the number of registered students is approaching a record 2100 this quarter, the tuition revenue from the students has dropped because the number of out-of-state students, who pay a much higher tuition rate, has dropped from 1515 to approximately 260. Kven with the increased number of students overall, said Southwick, there is a $35,000 shortfall in tuition because ol this drop in out-of-state students. In the past, some shortfalls have been niuile-up by money budgeted lor fuel and power costs which has not been spent. This year, however, that will not k" possible, said Southwick. The fuel and power budget has been cut to the same level as last year. Cuts to the work program included a 4 percent decrease in hourly wages, necessitating I ewer student employees; a 20 percent cut in travel expenses; and a percent cut in capital outlay. overall, expenditures were cut $118,300 or 1.7 percent. However, linances were cut $178,465 or 2.6 percent, per-cent, causing the shortfall of $60,165 or 0.9 percent. In reporting on enrollment figures, Dean of Students Sterling Church said, "I think that we can say we'll be -' ;ght around the 2100 mark, the highest mark the college has hit." Approximately 250 of those students are part-time. The students are almost evenly split between males and lemales. Also, nearly one-half of the students are freshmen. According to Church, there are ap- , proximately 30 foreign students enrolled, including students from Iran, .Nigeria. Canada and the Micronesian Islands. The out-of-state enrollment, however, is down about 265 students, causing part ol the linancial woes that Vice President Southwick reported on earlier. In other business, the council passed ,i motion that the college Thorley pi operty not be sold to the Cedar City Ki'(le clopinent Committee lor a special events center site. Instead, the council voted to try and help in the building of the center with a linancial contribution, which would be .i 1982-83 expenditures recommendation. recom-mendation. Council Member Garn Huskinson rellected the views of the council: "I think our property's too valuable to let io." |