Operations
The university is led by an eleven member Board of Trustees. The governor appoints nine trustees to five-year terms, renewable once. The Alumni Association elects one trustee for a single five-year term and the student body elects one student trustee for a one-year term.
The university's annual operating budget for fiscal year 2010 was approximately $130 million; 40% of this coming from state appropriations. The Salem State University Foundation's endowment market value is in excess of $16 million at the end of fiscal year 2010. The university has an important economic impact on the city of Salem, being its second largest employer. The college generated more than $376 million in economic spending in Massachusetts in fiscal year 2006. Salem State University creates jobs for 3,459 Massachusetts residents, including 593 in Salem and 1,978 throughout Essex County.
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Famous quotes containing the word operations:
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)