What are the revenue and spending implications of the COVID-19 pandemic for this university? Be specific. How has the cost of service changed?Explain.

In the spring semester, this university moved to distance teaching as students were told to leave the campus. The summer semester was all online. This fall semester this course and many others are online only while other courses are planned in some type of hybrid format (as of mid-August when this was written). Dorms, campus buildings and classrooms have been reconfigured for social distancing and masks are required. Faculty and staff are working from home where possible. Athletic programs and other campus events canceled. It may be hard for new international students to enroll (or even come back). As the state’s economy declined, so did state tax revenues, which led to cuts in the state budget. What are the revenue and spending implications of the COVID-19 pandemic for this university? Be specific. How has the cost of service changed?