(Raleigh, NC) – Today, in a meeting with all faculty and staff, Interim President Everett Ward announced a plan to strengthen the financial stability of the University. The plan includes a personnel reduction resulting from an organizational restructure and realignment of duties and a weeklong furlough in July. In addition, some campus facilities will be closed over the summer to reduce energy costs. These decisions are all related to the necessary steps for a stronger financial picture.
The personnel reduction, which is effective immediately, will include certain positions being eliminated and some personnel moving from a 12-month schedule a 10-month schedule. This new schedule will be effective May 29 until August 1. The eliminated positions reflect only 4% of the total workforce and the employees with the adjusted schedules reflect 10% of the total workforce.
The furlough, which will take place after summer school, will be July 7-12 for all employees, except essential personnel such as campus security and the Office of Student Health. During the furlough, some departments such as admissions, financial aid and business and finance will be on alternate furlough schedules to ensure continued recruitment and service to our campus community.
All grant funded summer youth programs will be supported over the summer such as Upward Bound, the Collegiate Success Institute and Educational Talent Search.
These actions will result in an immediate cost savings to the institution of approximately $360,000 and a long-term cost savings of approximately $680,000 for a total savings of little more than $1 million.
“These types of decisions are never easy and I have the utmost respect for each and every one of our employees. Although we have identified other areas to improve our financial efficiency without compromising the needs of our students, the personnel decisions were necessary as these expenses represent the largest part of the university’s annual budget. This was a difficult decision, but essential for the long-term financial health of Saint Augustine’s University,” said Interim President Everett B. Ward.
About Saint Augustine’s University
Saint Augustine’s University, established in 1867, is a four-year liberal arts university in Raleigh, N.C. With an average annual enrollment of 1,500, the University offers 25 undergraduate degree programs in five academic divisions. Saint Augustine’s University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools. The school’s name and status changed from Saint Augustine’s College to Saint Augustine’s University August 1, 2012.