In an effort to assist students and families who have been impacted by the current pandemic, the Fairmont State University Board of Governors (BOG) voted to approve the proposed 2020-2021 budget without increasing tuition and fees.
During today’s Board of Governors meeting, Suttle and Stalnaker, the institution’s independent auditing firm, presented the results of the 2019 audit, showing the University has finished the 2019 fiscal year in a strong financial position. This is a continuance of last year’s focus on cost saving/containment and strategic intiatives implemented by the administration in January of 2018.
Fairmont State University has again finished its fiscal year 2019 with a strong financial position. This is a continuance of last year’s focus on cost saving/containment and strategic initiatives implemented by administration in January 2018.
Fairmont State University finished its fiscal year (July 1 – June 30) in a strong position as the most financially solvent four-year institution in the state. Solvency, is defined by the number of days an institution will remain operational using the amount of cash they have on hand.
Fairmont State University finishes fiscal year 2018 with a strong financial position following President Mirta Martin’s implementation of cost saving/containment and strategic initiatives in January 2018.
In September, Fairmont State University’s Interim President Stephen B. Jones announced that Christa Kwiatkowski was named interim CFO and Vice President Administration and Fiscal Affairs. On Monday, President Mirta Martin affirmed Kwiatkowski’s position as the permanent CFO and Vice President Administration and Fiscal Affairs.
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