U of A Orders Budget Cuts Due to Shortfall - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

U of A Orders Budget Cuts Due to Shortfall

OCTOBER 3, 2006 - Posted at 11:10 p.m. CDT

 

LITTLE ROCK, AR - The University of Arkansas is ordering departments to trim their budgets by a little more than one percent to cover a budget shortfall.

School officials say the university is $2.5 million short in its $210 million budget.

Each department has to cut 1.14 percent in spending.

The school based its annual budget based on an expected increase in student enrollment and a corresponding increase in tuition revenue.  Provost Bob Smith says enrollment increased, but not as much as forecast.

Officials say a reserve fund was tapped to cover part of the shortfall and that spared departments from a bigger cut.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)

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