RICHMOND — Earlham College will make some $4.35 million in budget cuts for the 2019-2020 academic year as officials continue to work on a plan to bring financial sustainability to the school.
Earlham has operated at a budget deficit for the past several years, but the cumulative net loss jumped from about $5.5 million in the 2013 fiscal year to more than $47 million earlier this year.
The college's trustees approved the 12 percent cut to the current $50 million budget earlier this month. According to Earlham spokesman Brian Zimmerman, the savings primarily will come from the personnel side of things. Those changes will include:
The elimination of 11 teaching faculty positions, most of which are visiting professors on one-year contracts. Two retiring professors also won't be replaced.
Twelve administrative or hourly staff positions will be eliminated. Most already are vacant or will become so thanks to an early retirement program that was offered this year.
And five full-time administrative faculty or staff positions will be moved to part-time.