Fairmont State University posts record breaking FY 2019

FAIRMONT, W.Va. – Fairmont State University has closed fiscal year 2019 in record breaking fashion. The institution continues to build on cost containment and strategic initiatives implemented in January of 2018.

“The efforts of the entire campus community to be conscious of costs and implement changes to improve efficiency proved to yet again be successful in helping us end the year with an increase in net position of $5.3 million, the largest increase recorded in over 10 years,” Chief Financial Officer Christa Kwiatkowski indicated. “To have two years of positive net position changes is quite a feat in today’s higher education environment.”

The audit, done by Suttle and Stalnaker, will be presented to the Board of Governors during the next meeting.

“Our continued, and growing, financial strength is impressive, but I am most grateful for the fact this was a campus-wide effort,” President Dr. Mirta M. Martin said. “The entire Falcon community understood the importance of long-term financial health, and we worked together to find strategic initiatives that not only contained costs, but did so in a way that ensured we maintained our high standard of academics and service to students and other constituents.”