Northeastern projects budget surplus despite COVID-19 shutdown, document shows

Full Article @ The Huntington News HERE

Northeastern is projected to end the fiscal year with a budget surplus despite shutting down its campus due to the COVID-19 pandemic in March, according to a financial disclosure within a bond offering prospectus. Though the university paid out millions of dollars in housing refunds, it lowered operating costs while campus was closed and is projected to finish the year with a net improvement from its planned budget, according to the statement.

“The university budgets very conservatively and always delivers results in excess of budget,” university spokesperson Shannon Nargi wrote in an email to The News. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s