The Joplin Globe, Joplin, MO

Top Stories

October 19, 2012

MSSU receives ‘clean’ annual audit

The annual audit of Missouri Southern State University’s finances revealed no problems with internal control, revenues and expenditures, or financial aid, the auditors and university staff told the Board of Governors on Friday.

“There were no issues, and that’s big,” Treasurer Linda Eis said. “For it to be clean all the way through is an accomplishment.”

The audit by the BKD accounting firm, which has conducted the university’s annual audit for several years, shows an increase in fiscal year 2012, the year that ended June 30, in total net assets, operating revenues and operating expenses.

The university ended the year with $90.2 million in net assets, compared with $89.2 million in fiscal year 2011.

Operating revenues — made up of tuition and fees, grants and auxiliary enterprises — increased between the two years by 2.3 percent, to $30.8 million from $30.1 million. The increase was the result primarily of an increase in student tuition and fees, according to the audit.

Additionally, operating expenses — which cover salaries and benefits, contractual services, supplies and utilities — increased by 1.2 percent, to $65.4 million from $64.6 million between the two years.

One component that hasn’t increased from year to year: appropriations from the state. Staff and board members were quick to note the audit’s summary of state funding, which has steadily declined in recent years. MSSU received $25.9 million from the state in 2010, $23.5 million in 2011 and $21.9 million in 2012.

Rod Anderson, who chairs the board’s budget committee, said MSSU faculty and staff have helped keep the university’s focus on students despite declining support from the state.

“There’s a big story behind that one line (in) the amount of work this campus did, not losing sight of what we delivered to the students that come to Missouri Southern,” he said.

Eis said the university is currently scheduled to receive about $80,000 more from the state over the course of the current fiscal year over last year, although the amount that MSSU actually receives throughout the year will be subject to how much revenue the state receives and whether the governor withholds any funds.

In other business Friday, work has begun on implementing some of the recommendations in MSSU’s new master plan, which was unveiled in July and is to guide the look of the campus over the next 15 to 25 years.

Rob Yust, vice president for business affairs, told the board that crews have started updating some of the landscaping as recommended in the plan. Other recommendations have included new signs, the creation of pedestrian corridors, the installation of trails linking MSSU to off-campus locations, and a memorial garden at the campus oval.

Website

Following their approval by the board Friday, the audited financial statements will be posted to the university’s website.

1
Text Only
Top Stories
  • r071114redoak2.jpg Red Oak II: Lowell Davis’ ‘dream, art, love’ and final resting place

    The collection of buildings would become a town (though he didn’t intend for it to, and it has never been officially recognized either by the U.S. Postal Service or the state of Missouri).

    July 27, 2014 1 Photo

  • Anti-landfill group seeks grand jury probe

    As more than 200 people filed into Riverton High School on Sunday to attend an anti-landfill group meeting, many stopped to sign a petition asking the Cherokee County District Court to summon a grand jury to investigate how land was acquired by the city of Galena for a proposed landfill.

    July 27, 2014

  • Money clouds farm fight

    For much of the summer, while the campaign surrounding “right to farm” has been focused on its impact on “small, family farmers,” the bulk of the money pouring into the fight has come from big agriculture interests.

    July 26, 2014

  • r072514schoolhouse3.jpg VIDEO: Full of history, one-room schools focus of preservation by local groups

    The old Kings Prairie school sits on a narrow Barry County farm road, surrounded by quiet fields and farmland.

    July 25, 2014 6 Photos 1 Slideshow

  • 072814_jd anderson.jpg VIDEO: Noel strongman advances on talent show

    The past week has been busier than normal for Noel resident J.D. Anderson. Members of the production crew for NBC’s “America’s Got Talent” told him they have shot more footage of him than of other contestants for the next episode. “They said I have the busiest schedule of anyone this week,” Anderson told the Globe in a phone interview Friday. “There’s so many fun things you can do with B-roll as a strongman.”

    July 27, 2014 1 Photo

  • r072314girlgunclub3.jpg Women's league offers practice, social opportunities for gun owners

    The objective for some is to improve their skills for target or competitive shooting, the league's website says. Others, while wanting to improve their skills, also are interested in aspects of self-defense.

    July 27, 2014 1 Photo

  • r072414trainwreck2.jpg Train crash a century ago among area’s worst disasters

    Burk Johnson had been threshing wheat near Joplin when his newlywed son and daughter-in-law picked him up and took him to Joplin’s Union Depot to catch the evening train home to Neosho.

    July 26, 2014 4 Photos

  • 072614 Faith 2.jpg Rich Brown: McDonald County Children's choir combines music with a gospel ministry

    The McDonald County Children's Choir may entertain a lot of people, but the hope is that it will bless even more through its ministry, according to choir director Amber Nelson.

    July 26, 2014 1 Photo

  • Appellate court upholds class-action status for Picher residents

    An appellate court upheld a 2013 ruling on Thursday that a class-action lawsuit brought by former residents of Picher, Oklahoma, against a Tulsa-based appraisal firm involved with the buyout of property in the city can proceed.

    July 25, 2014

  • 1717 Marketplace developer faces more federal charges

    The developer of 1717 Marketplace in Joplin has been indicted with more bankruptcy fraud charges, in addition to those leveled against him last year for a series of bank fraud and wire fraud schemes that totaled more than $3.3 million in losses.

    July 25, 2014