After informing its faculty and staff of a 20-percent cut to their salaries by way of furlough in early February, Henderson State University is expecting March to be a “very difficult one” as the “shared sacrifices” of spending controls and furloughs go into effect.
Chancellor Charles Ambrose sent a campus-wide email Thursday afternoon, calling the next four months “critically important” as the university focuses on improving its debt and making “strategic decisions” about the future of the School with a Heart.
In the email, Ambrose listed $3.2 million in anticipated savings after furloughs, salary rollbacks, position management and spending cuts. The furloughs — which went into effect this week — made up a bulk of that overall figure, at $1.48 million. Position management came in second at $671,947, followed by spending cuts ($587,777) and salary rollbacks ($458,605).
The university will also be reviewing its contracts with vendors that in recent years the school used to outsource its food preparation, Sodexo, and maintenance, SSC.
The Arkansas State University System will also be aiding Henderson in evaluating its real estate assets and continue to pursue the possibility of reissuing bonds tied to long-term debt.
Administration is now touting a renewed interest in transparency, as Ambrose included numerous links within his letter.