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APPROVED 08/20/2020<br />
<strong>Budget</strong> Highlights<br />
Notable budget items for Fiscal Year <strong>2021</strong><br />
include:<br />
Stable revenues anticipated within TSTC’s<br />
primary sources of funds (Appropriations<br />
<strong>and</strong> Tuition);<br />
Additional budgeted expenditures required<br />
to thrive in the new normal including<br />
additional faculty to maintain social<br />
distancing protocols;<br />
New costs to ramp up new offerings<br />
such as TSTC’s Rapid Industry Skills &<br />
Employability (RISE) series of short-term<br />
programs;<br />
Investment in program expansions in<br />
several high dem<strong>and</strong> program areas;<br />
Suspension of non-faculty hiring <strong>and</strong><br />
routine compensation adjustments; <strong>and</strong><br />
Continued investment in TSTC’s business<br />
process transformation project.<br />
Solar Energy Technology<br />
<strong>Budget</strong> Proposal & Approval<br />
Minute Order 30-20(c) recommends the Board<br />
of Regents approve an operating budget of<br />
$235,971,107 <strong>and</strong> the related allocations in<br />
support of the plans in this report. The summary<br />
of the budget request is found on page 16.<br />
Surgical Technology<br />
Welding Technology<br />
STRATEGIC PLAN & BUDGET REPORT<br />
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