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The Northwest College Board of Trustees reviewed the proposed budget for the coming fiscal year, which began Thursday. The board won’t take any action on the budget until its monthly meeting on …
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The Northwest College Board of Trustees reviewed the proposed budget for the coming fiscal year, which began Thursday. The board won’t take any action on the budget until its monthly meeting on July 12.
In total, revenues are projected to drop by $11.4 million in the coming 2021-22 fiscal year. Most of that is owed to an $8.7 million drop in restricted revenue sources. That includes pandemic-related federal support, as well as federal grants that have a start date after the start of the fiscal year.
State appropriations are expected to drop $566,237 in next fiscal year’s budget. State support was 31% of the college’s budget in fiscal year 2020-2021 and will provide 43% of the college’s revenues in the coming fiscal year.
Local appropriations are budgeted to go up by $61,544, and one mill property tax revenues are estimated to fall by about $46,000.
Auxiliary revenue — which includes housing, child care services, food services, the fitness center, and student assistance — are expected to fall nearly $1 million.
The Wyoming Community College Commission approved a 6% tuition increase, and Northwest College has removed the “flat spot” tuition, which didn’t charge for tuition for any classes above 15 credit hours per semester. Earlier this year, the board also increased the fixed fees students are charged per credit hour. With enrollment remaining steady, the college is projecting an increase in tuition and fee revenue of nearly $680,000.
Altogether, expenditures are budgeted to fall by over $11.4 million, which includes a drop of nearly $6 million in academic support costs. The drop is also related to pandemic relief funds that are classified as academic support.
Following this year’s staff reductions, which included layoffs, attrition and retirements, the college’s faculty and staff salary and benefits costs were reduced by nearly $1.5 million. Scholarships and waivers were also reduced by $228,111.
In addition to considering the proposed budget on July 12, the board will hold a public hearing on a one-year extension of the one mill levy, at 4 p.m.
