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Campus Budgets
- 1. Campus Budgets By: Matt Rubel & Tara Martinez
- 2. ◦ System- appropriations and allocation ◦ Campus level- expenses and tuition revenue
- 3. Basic Campus Budgeting Revenue > Personnel + Operating Costs
- 4. Revenue System Appropriation Tuition Enrollment Fees? Other (grants, customized training, etc.)
- 5. In FY14 58.7% of revenue came from TUITION Springfield Report
- 6. Expenditures Personnel Non-Personnel
- 7. Salary Personnel Costs Benefits Staff Development Curriculum Development Release Time Sabbaticals Tuition Waivers
- 8. Operations Your campus building(s). Everything else! Fond Du Lac Tribal and Community College
- 9. Other Operating Costs Supplies Travel Memberships Purchased Services IT Support Equipment Replacement/Lease
- 10. Other Campus Costs Marketing Debt Service
- 11. Reserves All campuses must keep cash reserves* 5-7% of the campus budget * NO required student life reserve but the same percentage is recommended!
- 12. Start with a snapshot Legislative snapshot Money and tuition set for this year Allocation and Tuition for next year up for debate this legislative session. Every college prepares a budget outlook ◦ Enrollment ◦ % revenue from tuition v. state ◦ Other revenue ◦ Personnel costs
- 13. Campus Budget Breakdown MCTC General Fund Student Life Fee Tech. Fee Health Service Fee Revenue Fund Fee Parking
- 14. Questions?
Editor's Notes
- System Appropriation Formula Campus Level – Bot Hand-Out
- Are there other Revenue Sources?
- The state looks at all the different things that need funding, and they know we can raise tuition.
- Where does the money go?
- Release Time-PTK Advisors* African American Education Empowerment Program Advisor Sabbaticals-Faculty receive approximately 2/3rds of their salary to complete research, or produce written work that benefits campus outside of the classroom Tuition Waivers-Reduced Tuition for employees and dependents of employees
- What are some other campus costs?
- Maximum increase?, Frozen Tuition?, Free-for-all?
- General Fund - Allocation + Tuition + Other (Everything but the fees)