CARBONDALE - Southern Illinois University has $16.5 million to go before it can fully cover its January 1 payroll, President Glenn Poshard announced Tuesday, adding he remains confident the money will come through.
The university received $15.5 million Tuesday in payroll reimbursement from Illinois Comptroller Dan Hynes' office, the first allocation of state appropriations the system has received since July 1, the beginning of the fiscal year. The payment and a combination of steps SIU recently took to save money leaves officials $16.5 million short of what it needs to meet the first payroll of 2010.
Poshard said he remains confident the needed money will be found by the comptroller's office.
"I'm confident they are going to help us with this, but we'll just have to see," he said.
SIU's monthly payroll amounts to roughly $43 million. Approximately 55 percent of the university's budget comes from state appropriations.
New tuition money and funding that comes from federal Pell grants should start to arrive in January, Poshard said, helping SIU meet payrolls through Feb. 1.
SIUC Chancellor Sam Goldman said for campus employees it's tough to go on in uncertain conditions.
"We are committed to meeting all of our payroll obligations and to not letting anybody go," Goldman said.