SIUC Expenditures freeze

Here's the email President Poshard sent to faculty and staff on Tuesday about the halt on expenditures for the forseeable future:

TO: SIUC Faculty and Staff
>
> The Chancellors and I have been reviewing the economic conditions > of the state over the last few months. Due to the economic > downturn and resulting cash flow problems since July 1, 2009, the > State of Illinois has, as of November 1st, missed payments to > Southern Illinois University totaling $115 million. While we had > hoped the payments would materialize over the last four months, the > funding shortfall has only grown. Until payments are restored, it > is necessary to protect the salaries of our employees.
>
> Thus, effective immediately, and until further notice, most > expenditures not related to salaries ordinarily paid with state > funds or unrestricted local funds will be halted or slowed. Salary > and other required expenditures will be as authorized by Chancellor > Goldman or his designee(s). For the School of Medicine > (Springfield, Carbondale and affiliate sites), authorization for > salary and other required expenditures is delegated to the Dean and > Provost and his designee(s). Details regarding authorized expenses > will be forthcoming from the Chancellor/Provost/Vice Chancellors/ > Dean and Provost of the School of Medicine.
>
> Your assistance and understanding in limiting costs during this > time is most appreciated. I regret that these actions are > necessary, but I'm optimistic that we can work together to navigate > through these economic difficulties.
>
>
> Glenn Poshard
>
> President
> Southern Illinois University