The State Fair Community College Board of Trustees adopted its preliminary budget for the 2016-17 school year during its meeting Tuesday.
The $53,134,716 budget represents the first balanced and positive budget the college has seen in the last two years.
“In order to provide a balanced and positive budget for next year, the proposed budget does not include a salary increase for faculty, staff or administration,” SFCC President Dr. Joanna Anderson said. “While the executive leadership team supports this decision, is not one that any of us likes or wants to make.
“We recognize that SFCC employees are dedicated, hardworking, caring people who make our vision, mission and strategic goals come to fruition, but more than that, we’re family and we want the best for our people,” she added. “That’s why the leadership team considered what other benefits could be offered in lieu of a salary increase and is recommending to the board to give staff additional paid time off and reduce faculty contacts by two work days.”
The compensation package approved by the board includes:
• Faculty: no change in salary but a reduction in their contract of two days.
• Non-instructional: no change in salary, spring break will provide non-instructional staff an additional five paid days off.
• Adjustments as appropriate for educational attainment, professional development activities, job reclassification, and/or equity.
Anderson noted that the college’s budget is enrollment driven. Student tuition and fees generate 57 percent of the college’s revenue.
State appropriations add 21 percent, local property taxes are 13 percent and other revenue and grants make up the remaining 9 percent of the budget.
The 2015-16 budget resulted in a shortfall of $662,458 because of a 4 percent enrollment, which exceeded the college’s projection.
The 2016-17 budget is based on the following assumptions, according to Anderson:
• Enrollment will see a 4 percent decrease resulting in a projected loss of $555,073.
• Tuition and fees: In-district students will see no increase.
• Missouri residents, out-of-state and international students will see a $10 per credit-hour increase for a projected gain of $696,703.
• Career and technical programs will have a tiered tuition that will add an estimated $661,586 to the projected revenue.
• State appropriations will see a 4 percent increase as well as a $4.5 million community college sector increase, which SFCC will receive a portion. Those two factors will add a projected $555, 513 to the budget.
• There is also a slight estimated increase in local tax support.
Both Anderson and Board President Randall Eaton, who spoke on behalf of the board, complimented the college’s near 1,000-person staff for both their commitment to State Fair and their willingness to tighten their respective program budgets in an effort to balance the upcoming budget.
“While we know that these compensation recommendations are not money in the bank, hopefully they show good faith on behalf of the board,” Anderson said. “We do appreciate the staff and their hard work and commitment to the college and students.”
In other actions the board:
• Approved the insurance proposal from Insurance & Benefits Group for a total renewal premium of $362,756 for the 2016-17 fiscal year, which includes Terrorism Coverage for all lines. The renewal reflects a 6.6 percent increase over the prior year and has been accounted for in the FY17 budget.
• Approved a bid of $50,549.42 from Dugan Paints and Floor Covering of Sedalia for vinyl floor tile for Melita Day. The funding source will be the State Renovation and Repair Funds.
• Accepted the bid of Praxair, Sedalia, for a three-year contract for gas charge per cylinder refill for each 100-cubic-feet at approximately $9,338.73 for the welding program and other departments. The source of funding is the various annual departmental budgets.
• Recognized Steve Scheiner for his 29 years of service as an instructor and academic dean. Scheiner began his tenure at SFCC in 1987 and announced his retirement earlier this year.
Hope Lecchi can be reached at 660-826-1000 ext. 1484