University of Idaho reports fiscal year surplus

The University of Idaho announced this week it ended fiscal year 2020 with an operating surplus of more than $900,000.

President Scott Green says the university ended 2018 and 2019 with $21 million and $19 million in losses respectively. He says the school reversed the trend in a single year by cutting around $22 million in expenditures. And while the school improved its net position by more than $4 million, reserve accounts at the university are still well below levels required by the Idaho State Board of Education.

Fall enrollment numbers will be finalized and released later this week and Green warned the numbers are down more than expected because of low dual-enrollment numbers. (Moscow-Pullman Daily News)

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