Marshall Increases Net Assets By $3.7 Million

By: Associated Press
By: Associated Press

Huntington, W.Va. (AP) -- A preliminary report shows Marshall University's net assets increased by $3.7 million during the 2009 fiscal year.

President Stephen Kopp said that's better than the $5 million deficit the university had a few years ago.

But it's not as good as the $5.8 million increase in net assets recorded during the 2008 fiscal year.

An internal budget report was presented Tuesday to the board of governors.

Kopp credited enrollment gains and the Marshall University Research Corporation's Bucks for Brains money for helping the university dig itself out of a deficit.

Outside auditors are preparing an official report to be presented to the board at a later time.

(Copyright 2009 by the Associated Press. All rights reserved.)

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