10/19/2020
F&M is forecasted to have a $6.5 million deficit for the current year due to the impact of COVID-19, which is down from a negative operating margin this year of $15.8 million due in part to a substantial positive operating margin in 2020 and the hiring freeze implemented during the pandemic. This story is the first article in “F&M Money Matters,” a series by The College Reporter that seeks to shed light on the financial challenges facing F&M today.
Posted on October 18, 2020 by TCR F&M Money Matters: COVID-19 Leaves College in $6.5 Million Deficit, Avoiding Layoffs and Building Endowment Remain Priorities By Daniel Robillard || Investigative Reporter This story is the first article in “F&M Money Matters,” a series by The College Reporter t...