Budget plan leaves DACC room to grow
DANVILLE — Danville Area Community College officials will unveil a proposed budget for the new fiscal year that will allow the college to complete a much-needed building expansion, continue updating computers and technology on campus and convert three part-time positions to full-time, among other things.
Trustees on Tuesday will discuss the proposed spending plan — which calls for spending about $28.5 million from July 1 through June 30, 2015 — and vote on whether to put it on display.
They will hold a public hearing and vote on whether to approve the final draft at their regular Sept. 23 meeting.
The proposed operating budget — unrestricted funds that pay for salaries, benefits, contractual services, utilities and other day-to-day expenses — would bring in about $15.86 million in revenue and spend about $16.22 million, leaving a shortfall of about $360,000, according to Chief Financial Officer Tammy Clark-Betancourt.
That's about half a percent higher than last year's operating budget of about $16.15 million.
The college anticipates bringing in about $4.1 million in state funds, which is down about 3 percent from last year.
Clark-Betancourt said the state is still behind in payments to the college by about $1.2 million late last week.
The college also anticipates raising about $6.5 million in tuition and about $4.8 million in property tax revenue.
The proposed tax rate would be about 60.15 cents per $100 of assessed valuation, down from the current rate of 61.27 cents per $100, depending on the fluctuation in equalized assessed valuation of property in the district.
It would also bring in about $450,000 in other funds.
While it's another tight budget year, President Alice Jacobs said, "I'm certainly pleased through the careful stewardship of the faculty and staff that we were able to hold expenditures so they only increased half a percent from last year," she said.
Jacobs said expenditures in the board restricted fund will allow the college to continue with capital improvement and maintenance projects including updating technology with proceeds from the 2013 technology/equipment bond, possibly enhancing the management information system and replacing chillers for Vermilion, Lincoln, Cannon and Prairie Halls. In July, the board awarded a $387,000 bid to E.L. Pruitt Co. of Champaign to do that project.
The budget also contains "significant dollars" to complete the 10,000-square foot addition to the Technology Center. In addition, Jacobs said, the college will convert these positions to full time — coordinator of assessment and academic services, women's softball head coach/coordinator of career and special populations, and Middle College/student development advisor.
What: Danville Area Community College Board of Trustees meeting.
When: 7 p.m. Tuesday.
Where: Room 302, Vermilion Hall, 2000 E. Main St., Danville.