Maintaining solvency – fiscal health – is always a matter of priorities. Attitudes toward solvency are evident in actions. This is especially so with long-term decision making about the direction an enterprise moves. Solvent universities and other organizations always have lustrous focus.
“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.”
James W. Frick
Eight universities in Illinois recently had credit ratings downgraded leading to potentially diminished solvency, and it is a national trend.