Southern University at New Orleans learned today (Thursday, Sept. 3), that the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC), has removed the University from probation.
“This is great news,” said James H. Ammons, Jr., Interim Chancellor of SUNO. “The institution could not have achieved this remarkable turnaround and reached compliance without the cooperation and support of every component of what I call, the ‘SUNO Village.’”
The decision by SACSCOC was based on a cumulative review of the University’s past financial performance, as well as this year’s balanced budget, sound financial resources, and a demonstrated stable financial base to support the mission of the institution, according to a statement released by the University.
In June 2019, the SACSCOC Board of Trustees placed SUNO on probation for financial issues.
To address the issues cited by SACSCOC, SUNO assembled an administrative team that was committed to sound financial planning and management. A plan was developed and implemented to address the root cause of the deficiencies and cut costs. This resulted in the $7.7 million deficit being eliminated, the current fiscal year budget being balanced and the financial base of the institution being stabilized.
Fundraising and advancement efforts have also been enhanced with a focus on alumni and community organizations to provide continued support for student scholarships.
“SUNO has been a beacon of hope for students from diverse backgrounds for more than 60 years,” Ammons said. “This decision serves to acknowledge the tremendous value SUNO adds to the New Orleans community and its potential for even greater contributions in the future.”
