Finance

In just three years, WSU turned a $30 million annual operating deficit into a nearly $30 million surplus, helping to start replenishing depleted reserves as it deals with the unprecedented challenges posed by the global pandemic.

The Executive Budget Council is building a comprehensive budgeting model, aiming for a framework that shows more clearly how funds are allocated and costs are assessed.

Its implementation revolutionizes WSU’s fiscal and human resources operations. Employees will be able to log hours and vacation requests as well as manage grants and payroll systems in one place.

The university received the cash benefit by refunding a portion of its existing bond debt and plans to set that money aside to deal with operational and financial impacts of the ongoing COVID‑19 pandemic.

The University Fiscal Health Advisory Committee – tasked by WSU President Kirk Schulz to look at ways to improve the university’s financial wellbeing – has compiled a list of recommendations in its final report issued last month.

The new start date will allow more time for testing the university-wide system that will be used for such critical functions as finance, payroll, human resources and post-award grants management.

The new Contracts and Real Estate Office (CREO) will draft, negotiate, and execute all real property transactions and business contracts for the university.

A decade after opening Palouse Ridge Golf Club, Washington State University is seeking a new contract for the management and operation of restaurant services at the popular event space.