A message to the Penn community on the fiscal year 2021 budget
A message to the Penn community on the fiscal year 2021 budget
As we approach the final weeks of the current fiscal year, we are writing to update you on the financial challenges presented by COVID-19. Our principal goal is to provide transparency into the fiscal realities and uncertainties we must confront as a community. Last week, the Board of Trustees approved the operating budgets and capital plans for fiscal year 2021 (FY21). We write today to share a summary of the financial information provided to the Board of Trustees.