The fiscal year 1997 budget closed with a $700,000 balance, Elaine Hyden, vice president for planning and budget services, told the SIU Board of Trustees at Thursday’s meeting in Carbondale.

Hyden attributes the left-over dollars to last year’s budgeting guidelines that monitor revenue and expenses.

It goes back and forth, but the difference this year is we controlled how that ending balance ended up through our monitoring process, Hyden said. By not having that monitoring in place, we could have possibly ended up in a much worse situation than if we weren’t looking at every quarter.

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Hyden presented quarterly financial reports to the Board of Trustees for the first time last year. The reports stated SIU’s revenue for fiscal year 1997 was $468.9 million, and the University’s expenditures were $464.9 million. She said unpaid obligations will reduce the $4-million difference to $700,000.