SOU passes fiscal review
The state Higher Education Coordinating Commission has announced that Southern Oregon University and Eastern Oregon University “have met the conditions for fiscal and performance stability tied to the approval of their institutional boards in 2014.”
A release from the HECC said that with its decision “three years of reporting, analysis, and monitoring came to a conclusion after the universities demonstrated to the Commission the fiscal stability and clarity of mission required for future success.”
The commission reported that since 2014, SOU’s and EOU’s work to clarify institutional missions, restructure academic programming, make new investments in student recruitment and success, and improve financial management have ― along with state funding increases ― placed the universities on substantially more stable financial footing.
The universities created their own boards of trustees as part of the state’s dismantling of the Board of Higher Education in 2014. SOU and EOU were considered most vulnerable to issues related to the dissolution of the old system, according to the HECC report.