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Financial Officer Says SC State Will Balance Budget


South Carolina State University’s financial
officer said that despite the looks of things, the school will balance
its budget.

Ron Garrick, the historically Black institution’s vice president
for finance, told trustees last month not to pay too much attention to
the latest monthly report to the state Budget and Control Board. That
report says the school is $2 million short of August projections.
Garrick said the problem centers around the slow payment of scholarship
money to the school.

“We will flip it [in September],” he said. “We will actually exceed what we said we were going to do.”

Garrick said he was most concerned about revenues from housing and
athletics, both of which were projected to increase. He said housing
revenue is off more than $840,000, while athletics so far has brought
in $152,000 less than expected.

The university raised dorm fees $50 per semester this year and
expected to house more students. But in late August, a student died
from carbon monoxide poisoning in the South Campus dorm, and hundreds
of students were then put up in hotels.

Garrick said athletics revenue can’t be measured until after a few home football games.

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