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By The Numbers

Submitted by on May 30, 2008 – 1:54 pmNo Comment

Dr.-Norman-Stephens-wide

Some of you like numbers, but if you don’t, then read no further.  This is definitely for the number crunchers. 

On May 28, the SFCC Board of Trustees adopted an operating budget for FY 2009 which runs from July 1, 2008 through June 30, 2009.  These charts compare the orignal budget for the 2007-2008 fiscal year (FY2008) to the original budget for 2008-2009 (FY2009).  As has been noted in other posts, the original FY2008 budget was reduced twice during the year, once following the special legislative session in September and then again in March. 

Proposed Original Operating Budget Comparisons
 

FY2008

FY2009

Difference

Projected Revenues

$21,634,591

$20,857,667

- $776,924

Projected Expenditures

$21,891,839

$21,499,124

-$392,715

Projected Ending Fund Balance

$1,647,496

$1,619,052

-$28,444

 

Proposed Original Operating Budget – Revenue Comparisons
 

FY2008

FY2009

Difference

Total State Support

$17,665,678

$16,647,645

- $1,018,033

Total Student Fees

$3,189,205

$3,496,170

$306,965

Total All Other Revenues

$779,708

$713,852

-$65,856

 

Proposed Original Operating Budget – Expenditure Comparisons
 

FY2008

FY2009

Difference

Personnel Expenses

$16,026,000

$16,086,124

$60,124

Current Expenses

$5,480,839

$5,183,000

-$297,839

Capital Expenditures

$385,000

$230,000

-$155,000

The headline should be “State Revenues Down One Million Plus!”  At the same time, we expect more students to enroll and pay 6% higher tuition rates.  On the other hand, at SFCC, nearly 80% of students receive some sort of financial assistance.  The greatest burden of paying the higher tuition and fees, and enduring the lower state revenues, falls back on the taxpayers, state and federal.

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