Cover photo of the Chapel of the Immaculate Conception courtesy of Flyer News
University of Dayton executives sent an email to all staff on April 3 that said the university will pay the full salaries and contribute to the benefit plans of all staff members through April 30.
But after April 30 things may change.
“We are committed to paying employees and contributing to benefit plans as long as we responsibly can, but it is clear that difficult decisions will need to be made soon,” the email stated. “We will need to make difficult decisions in the next few weeks to reduce payroll costs through possible layoffs and other means.”
Most of the university’s revenue comes twice a year when students pay tuition for the fall and spring semesters, according to the email. While they wrote that crediting students for unused spring room and board and offering summer classes online-only was the right decision, it will come at a cost.
The letter also indicated that the university is preparing for less students for the upcoming fall semester and even the possibility that students will not come back in late August due to public health concerns.
Net tuition and fees was the biggest chunk of UD’s revenue (33.7%), according to the ’18-’19 financial report. More than half of the university’s budget goes to salaries and benefits.
In response to uncertainty posed by the COVID-19 pandemic, UD has ceased hiring and cut expenses in numerous areas, according to the email.