Enrollment decline at IPFW has led to the cancellation of the school's RiverFest.
In an email sent out to IPFW staff Thursday, Chancellor Vicky Carwein said the one-day event was done away with because the university lost $4 million in revenue because of the enrollment decline for the 2013-14 school year.
Carwein's email also said the university's plans for "necessary budget adjustments" will be shared with the campus.
That will occur probably at the end of October or early in November, said Nicole Wilkins, chief communications officer for IPFW.
"We're in the process now of evaluating projects," Wilkins said.
Priorities are on retention and student recruitment, she said.
"Our mission is student success, so everything we do should support that mission," Wilkins said.
She noted that IPFW will continue to offer and support several community events, including its popular Omnibus Lecture Series.
IPFW released the speakers for that free series, underwritten by the English Bonter Mitchell Foundation and IPFW's operating budget, in August. The series, however, has been cut in half.
For more on this story, see Saturday's print edition of The Journal Gazette or visit www.journalgazette.net after 3 a.m. Saturday.