Excerpt from the Dayton Daily News
Wright State University officials told the WSU Board of Trustees on Thursday that the university’s financial situation is continuing to improve.
“We have debt capacity. We have a strong balance sheet,” said Burhan Kawosa, interim associate vice president of financial operations, one of four people presenting the budget to the board.
“A lot of rebuilding has happened at this university over the last few years,” Kawosa said.
The Board of Trustees unanimously voted to pass the next school year’s budget. Wright State expects to spend more than $311 million in fiscal year 2023, which is approximately the same amount of money the university spent last year.
The two largest sources of revenue for WSU are tuition dollars and state funding, according to Thursday’s budget presentation, so falling student enrollment in recent years hurt revenue.
For budgeting purposes, the university is predicting 10,593 students enrolled at WSU in the fall, excluding the medical school students.
