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BUDGET COMMITTEE MEETING -
2007
On May 16th
the Budget Committee met with Vice President Backes and Interim Vice Presidents
Rye, Trippel and Vonnegut to review the college budget for 2007/8 before it was
presented to the Board. Stuart Trippel opened the review by summarizing some of
the impacts on the budget made by the Legislature this session. While the
college still faces a degree of uncertainty with regards to the rebasing, the
cuts made this year should be able to accommodate the anticipated revenue
reductions. Each program underwent spending reductions for next year.
- The
instruction budget will be reduced by about $1.1 million (4.5% reduction
from the 06-07 instruction budget).
- The
Student Affairs budget will be reduced by $195 thousand (6.5% reduction)
- The
Administrative Services budget will be reduced by $220 thousand (4.1%
reduction)
- The
Human Resources/Employee Relations budget 12 thousand (2% reduction)
On the
revenue side, several strategies for increasing revenues were discussed. Most
focused on capturing some of the high valued FTE allocation new to the next
biennium. It was also noted that several capital allocations for maintenance
had to be spent this biennium, thus explaining several of the current repair
projects around campus. Finally, the report from Administrative Services
included a potentially significant increase in spending ($95,000) for a director
of safety and security. Feel free to contact any member of the budget committee
for more information.
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