College Budget Council Reports

February 10, 2004

Modifications to the 2004-05 Budget Balancing Strategies
The College Budget Council (CBC) made it's first recommendation to the president. Recommendations included:

1. Eliminate the 1% budget reduction next year.
2. Change how we account for the $400,000 of new net revenues assigned to the Financial Futures Group because they will not be generated in the operating budget. Instead revenue increases will be accounted for in other college revenue accounts such as the annual fund, extended education and summer conferences.
3. Retain a small $550,000 operating budget reserve pending further analysis of the CBC.