campus budgets
DESCRIPTION
By Matt Rubel & Tara MartinezTRANSCRIPT
Campus Budgets
By: Matt Rubel & Tara Martinez
◦ System- appropriations and allocation
◦ Campus level- expenses and tuition revenue
Revenue > Personnel + Operating Costs
Basic Campus Budgeting
System Appropriation Tuition Enrollment Fees? Other (grants, customized training,
etc.)
Revenue
In FY14 58.7% of revenue came from TUITION
Springfield Report
Personnel Non-Personnel
Expenditures
Salary Benefits Staff Development Curriculum Development Release Time Sabbaticals Tuition Waivers
Personnel Costs
Your campus building(s).Everything else!
Operations
Fond Du Lac Tribal and Community College
Supplies Travel Memberships Purchased Services IT Support Equipment Replacement/Lease
Other Operating Costs
Marketing
Debt Service
Other Campus Costs
All campuses must keep cash reserves*
5-7% of the campus budget
* NO required student life reserve but the same percentage is recommended!
Reserves
Legislative snapshotMoney 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
Start with a snapshot
Campus Budget Breakdown
General Fund
Student Life Fee
Tech. Fee
Health Service Fee
Revenue Fund Fee
Parking
MCTC Exam-ple
Questions?