Decrease in revenue was offset by increase in grants, appropriations
West Virginia University may forever be steeped in the gold and blue, but its Board of Governors learned Friday at its regular meeting the university is in the black. Paula Congelio, WVU’s Vice President of Finance and Chief Financial Officer, said revenue for fiscal 2019 decreased by almost 1%, but that loss was offset by increases in non-capital grants, revenue from contracts, other operating revenue and state appropriations. Items that had an impact on fiscal 2019 revenue include a $10 million signing bonus from Sodexo, which took over student dining services. The university ...