SCSU addressing finance, accounting issues | Local

Shuler said, “The system that we have is constantly being updated by the manufacturer, but the thing is the way we’re using it,” he said. “We need to fix that.”

Walker said, “We’re already working on that. … That’s already in the works.”


SCSU probes network outage; university working to ensure employees are paid on time

S.C. State President Alex Conyers said he is happy to have Walker on staff and thanked her.

“Our last CFO left at the end of July. Ms. Walker has stepped in, stepped up, and she has done a phenomenal job in leading us through this transition. … She’s shared a lot of information with us. We’ve learned a lot of how we can improve ourselves, and she brings with her over 20 years of experience of this work at Benedict College,” Conyers said.

Finance

Walker gave a summary report on finance.

According to preliminary unaudited figures ending June 30, 2021, the university’s restricted operating budget had $67,429,971 in revenues and $70,206,299 in expenses, leaving a negative net operating income of $2,776,328.

The budget is based off a count of 2,172 students and a full-time equivalency, or FTE, of 1,945.

Walker said there would be some debt relief reflected in numbers to be collected after June 30, including additional Coronavirus Aid, Relief, and Economic Security, or CARES, Act dollars set to come to the university.

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