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Get information about Warren County Community College's FY19 budget proposal, including sources of revenue, proposed expenses, initiatives for FY19, and the Governor's proposal for free tuition and fees.
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WARREN COUNTY COMMUNITY COLLEGEFY19 BUDGET PROPOSAL Public Hearing May 16, 2018
General FY19 Budget Info • WCCC budget cycle is July 1 through June 30 • Preliminary budget adopted in January • Board of School Estimate to determine County support in February • Governor’s budget announced in March • Legislature develops an Appropriations Bill • Governor can cut (veto) but cannot add funds • Final state budget is signed by Governor by July 1 • Any changes in student charges effective for the fall semester
FY19 PROPOSEDSOURCES OF REVENUE • COUNTY FUNDING 24% • STATE FUNDING 24% • TUITION AND FEES 42% • NON-CREDIT 4% • OTHER 4% PROPOSED BUDGET : $9,235,390 Revised FY18 Budget: $9,177,971 Change: $ 57,419
FY19 PROPOSED SOURCES OF REVENUE (Rounded $000) County Funding $2,192,390 State Funding $2,250,000 Tuition and Fees $3,908,000 Non-Credit Revenue $ 485,000 Other $ 400,000 Total $9,235,390
Revenue Assumptions for FY19 • Enrollment decrease of 6% • Just under 6% increase in county funding • Slight decrease in state funding* • 5.1% ($8/credit) tuition and fee increase *State funds are apportioned primarily based on this year’s enrollment, so exact state increase will not be known until next spring.
2018-19 Proposed Charges(Per Credit)-Effective Fall 2018 Tuition $ 150.00 General Fee $ 8.00 Technology $ 6.00 Unfunded Mandates $ 2.00 Total Per Credit Fees $ 166.00 2017-18 Charge: $158.00 Increase: $ 8.00 % Increase: 5.1%
Fall 2018 Tuition and Fee Charges(15 Credits at In-County Rates) Fall 2018 Estimated Sussex $3,390* Raritan Valley $2,817 Morris $2,490 Warren $2,490 Source: College websites (5/10/2018). Assumes a course load of five 3-credit courses. Includes per credit, per semester and per course fees (but not individual course fees). *Sussex has not set its rates at this time. This is the 2017-18 rate.
Breakdown of FY19 Proposed Expenses (in Rounded $000) FY18 FY19 Revised Proposed Academic $ 3,574 $ 3,567 Student and Tech.$ 1,206 $ 1,223 Administrative* $ 2,906 $ 2,881 Plant and General** $ 1,492$ 1,565 Total $ 9,178 $ 9,235 *Administrative offices plus fringe benefits, general supplies (postage, paper, copiers), legal, payroll, banking **Insurance, utilities, building maintenance, security and facility expenses.
Initiatives for FY19 • New programs are proposed for AS in Business Management and AS in Substance Abuse; courses to support these will be offered in fall • Building annex is scheduled to be open for spring 2019 • Three computer labs will be re-equipped in Summer 2018 • College will pursue an initiative to make book prices more affordable in 2018-19 for implementation in Spring 2019
Governor’s Proposal • The Governor has proposed free tuition and fees to families with incomes below $45,000 beginning spring 2019. We do not know the details of the proposal. It must be approved by the legislature • There are also increases included in the Governor’s budget for the Tuition and Grant and Educational Opportunity Fund programs
Any questions or comments? For more information, please contact: Barbara Pratt Vice President Finance & Operations pratt@warren.edu 908 835-2355 THANK YOU!