Edison State S Efficiency Report Is Attached

Sara (info to Jim):

Edison State’s Efficiency Report is attached.

I’ve included information about a number of cost reductions and savings in the report that we have taken for your information – most or which do not accrue from the recommendations of Task Force.

We started to right-size the college in FY15 in order to insure the fiscal integrity of the institution and address the shortfalls associated with lower traditional enrollment, breakeven at best CC+ revenue and tuition caps (as well as not increasing student fees). Essentially, the savings we’ve generated allow us to keep the doors open and our SB6 ratio reasonably strong.

Please let me know if you have any questions or need any additional information.

John

John W. Shishoff, CPA, CGFM

Vice President, Administration & Finance

Treasurer, Board of Trustees

Edison State Community College

1973 Edison Drive,

Piqua, Ohio 45356

(937) 778-7878