Spartanburg, S.C. - Thanks to careful fiscal planning and steady enrollment growth, the University of South Carolina Upstate was not sent into dire straits today when the South Carolina Budget and Control Board announced a 5% across-the-board general fund budget reduction. Although the loss of $533,000 in revenue will mean additional tightening of the belt, there are no planned increases in student fees, employee furloughs or reductions in force for the remaining fiscal year.
“In anticipation of this state budget cut, we had set aside a contingency to handle a 3% reduction and had not budgeted the enrollment growth revenue for Spring 2010,” said Bob Connelly, vice chancellor for business affairs at USC Upstate. “We will now project and budget some of that Spring 2010 revenue based on an increase relative to Fall 2009 realized totals.”
Student enrollment at USC Upstate reached a record high of 5,403 in Fall 2009, which was a 6% increase from the previous year. This revenue growth, coupled with cost saving measures and on-going review of budget and expenditures are all working to the University’s advantage during these tough economic times.