WYSO

Cheryl Schrader

Wright State university WSU board of trustees debate nutter center fairborn
Jess Mador / WYSO

Wright State University’s Board of Trustees officially approved the school’s 2019 budget at a meeting Friday. The plan includes another round of layoffs. It's the latest chapter in the school's months-long effort to avoid being placed on state fiscal watch.

Wright State President Cheryl Schrader says as many as 40 positions could be eliminated during the coming fiscal year beginning July 1. She says some of those cuts could come through attrition.

Schrader speaks at a 2017 welcome reception shortly after being named Wright State's president.
April Laissle / WYSO

Wright State University President Cheryl Schrader today announced the school is set to add millions of dollars to its cash reserves this year. But that may not be enough to keep the school off the state’s fiscal watch list.

In an email to campus this morning, Schrader said the school is projected to add $7.2M to its reserve fund this fiscal year. That’s $1.2M more than Wright State officials said would be needed to avoid state watch earlier this year.

Schrader speaks at a 2017 welcome reception shortly after being named Wright State's president.
April Laissle / WYSO

At a crowded reception Thursday, new Wright State University President Cheryl B. Schrader addressed campus for the first time since taking office July 1. In her speech, Schrader repeatedly acknowledged the university’s financial problems.

"While all of us would probably prefer to be on more sound financial footing at this time, I know that we can't afford to dwell on the mistakes of the past...rather we must learn from them."

WYSO/Joshua Chenault

Wright State University’s incoming president plans to make financial sustainability one of her top priorities. The school’s board of trustees Monday voted unanimously to elect Dr. Cheryl B. Schrader as Wright State’s seventh president.

 

Schrader will be the first woman to hold the position in Wright State’s history. She currently serves as chancellor at Missouri University of Science and Technology.

 

After the vote, Schrader outlined her plans to students and faculty.