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Update on Detroit Mercy financial picture

PostPosted: Mon Jul 01, 2019 8:32 am
by Rogobob77
Some recent information from a Titan fan who works at Detroit Mercy:

“We had the smallest budget deficit for the past year in 5 years and we have a first budget surplus forecasted next operating year with surpluses forecasted going forward. The President talked about new residence halls, student union, demolishing some buildings on campus to make room for new buildings as well as fundraising for major renovations to Calihan Hall. Enrollment should be up 100 students and likely starting a new school of optometry also a dental clinic in Southfield. The University cash position improved dramatically past year and endowment is around 65m . . . they are looking at 3% surpluses in the coming years, as much as 6m a year by 2024.”

Re: Update on Detroit Mercy financial picture

PostPosted: Fri Aug 16, 2019 11:09 am
by titanarama
This is wonderfully encouraging news. Hope the university continues to go in this direction.