JCCC Board of Trustees meeting packet - May 2010 - Johnson ...

Cost per Credit HourTuition will be increased by $3.00 per credit hour ($6 less $3 noted in #10 below) for in state students and$6.00 per credit hour ($9 less $3 noted in #10 below) for out of state students for the FY 2010-11 budget.(updated to $6.00 and $14.00 respectively)Capital and Operating BudgetsCapital budgets will be based on demonstrated need. Operating expense budgets will decrease 5%,except for items over which we have little control such as utilities and postage and items needed tosupport the Institutional Plan.Capital Outlay FundThe FY 2010-11 budget will include .500 mills.Revenue from Federal SourcesIn FY 2010-11, $1,200,000 ARRA funds will be received and used to offset about $3.00 of additional tuitionper credit hour. Other federal funding up to $5,000,000 will also be pursued.The primary operating fund for the college is the General Fund. The FY 2010-11 budget for the GeneralFund is $140,464,862 which is a 4.5% increase from the prior year. For the average homeowner, taxesmay increase $3, going from $243 to $246 per year.Recent mill levy history for comparison purposes is as follows:Estimated2005-06 2006-07 2007-08 2008-09 2009-10 2010-11Total Mill Levies 8.960 8.872 8.749 8.768 8.784 8.784The legal budget will be acted on by the Board of Trustees and filed with the county and state inAugust 2010.36