I am pleased to report that Barton College ended the 2015-2016 fiscal year in a cash positive position. This means that we had resources to take care of all our financial obligations. This was our goal, and I am proud of our efforts and focus. While the budget for 2015-2016 was not in balance, your spending habits and above normal fundraising made the difference.
Moving forward, a balanced budget is an imperative. Our senior staff members have worked hard over the summer to establish these budgets, and they have been successful. This preliminary budget was submitted to the Trustee Finance Committee and met approval. We are in the process of loading the budget and will share the line items with you in August. It is our intent to provide clear financial information so you can guide your offices and functions into the coming year.