only to reopen later that year with a
new owner and president.
In 2008, it looked as though the university—the 15th largest in the Dayton
region—was doomed to repeat history.
It
was spending more than it earned and
carried more than $22 million in debt.
To
add to that, its enrollment numbers had
plummeted more than 30 percent...
More
only to reopen later that year with a new owner and president. In 2008, it looked as though the university—the 15th largest in the Dayton region—was doomed to repeat history. It was spending more than it earned and carried more than $22 million in debt. To add to that, its enrollment numbers had plummeted more than 30 percent when administrators axed almost two dozen degree programs. Back from the (almost) dead, the university now stands strong. It restructured its debts and has balanced its operating budget, even reaping a $100,000 surplus last year. To do that, university leaders took some bold initiatives, including: • Slashing operating expenses by $4 million in three years. This entailed dumping $1 million in travel, technology and other miscellaneous expenses; • Reducing its administrative team by three and keeping the provost position empty; • Instituting 11-week furloughs for all employees; and • Clipping non-union employee salaries and halting 401(k) contributions. It
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From Marcia Copeland Hudson
Adobe PDF document
Pub. on Jan. 31st 2012
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GDREIA Ph: (937) 216-5724
PMB 345, 3195 Dayton-Xenia Rd.
, Ste 900
Beavercreek, OH 45434-6390
Website: www.
gdreia.
com
The Voice of Real
Estate Investors
Working Together
GREATER DAYTON REAL ESTATE INVESTORS ASSOCIATION
MEETING LOCATION:
(Unless Otherwise Noted)
Sinclair Community College,
Bldg.
12, 444 W.
Third St.
,
Dayton, OH...
More
GDREIA Ph: (937) 216-5724 PMB 345, 3195 Dayton-Xenia Rd. , Ste 900 Beavercreek, OH 45434-6390 Website: www. gdreia. com The Voice of Real Estate Investors Working Together GREATER DAYTON REAL ESTATE INVESTORS ASSOCIATION MEETING LOCATION: (Unless Otherwise Noted) Sinclair Community College, Bldg. 12, 444 W. Third St. , Dayton, OH DIRECTIONS TO PONITZ SINCLAIR CENTER Take the Third Street Exit 53A off I-75 I-75 Northbound OR Southbound: Turn RIGHT on Perry St. Turn RIGHT on Fourth St. Turn RIGHT into the underground lot You can purchase a parking pass at the GDREIA meeting for $2 rather than pay the posted parking charge of $10. CALENDAR OF EVENTS JANUARY 2012 Vol. 37 No. 1 WEDNESDAY, JAN. 18 Third Wednesday Meeting 6:30 P. M. - Ask the Expert 7:00 P. M. - “Ethics, RE Investments” 8:00 P. M. - “Legal Issues in Real Estate” SATURDAY, JAN. 14 SING North 9-11 A. M. - Saturday Investors Networking Group Frisch’s Restaurant, 3311 Benchwood Rd, Dayton SATURDAY, JAN. 7 Cashflow Cl
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From Marcia Copeland Hudson
Adobe PDF document
Pub. on Jan. 14th 2012
Pages: 16
Views: 21
Downloads: 0
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