An operating budget topping nine point three million dollars was adopted last evening by Trustees of North Central Missouri College for the fiscal year beginning July 1st.
The new budget for auxiliary funds has more than two point nine million dollars worth of expenditures. Trustees also approved salaries for the college staff with wages going up by two percent. The operating budget is balanced with equal amounts of revenue and expenditures projected at nine million, 327 thousand dollars. That's up a slight four tenths of a percent ($13, 634) when compared to the current budget year.
The auxiliary funds combined show revenues of nearly two million 773 thousand dollars with the projected expenditures in auxiliary funds being 194 thousand dollars more (at $2,967,436)College President Neil Nuttall described it as the tightest budget he and Vice President of the Administrative Services Sharon Barnett have worked on.
Tuition and fees were based on this yearâ€™s enrollment figures with a $1 per credit hour increase in all tuition rates, except for Dual Credit tuition. The nominal tuition increase will offset the cost of graduation; and students will no longer be charged a separate graduation fee. Dual credit tuition remains unchanged at $90 per credit hour. Mrs. Barnett stated it appears that NCMCâ€™s projected State Aid, while not yet finalized, will be approximately 4.3% greater than the amount actually received from the state the current fiscal year.
The Unrestricted Accounts, or operating, budget also includes the second year of implementing a faculty salary schedule that is in the process of being revised over a three-year period in order to accommodate replacement of the professional development matrix that previously existed.
This process has resulted in faculty members receiving varying percentages of salary increasesâ€”from zero to five point seven percent. Doctor Nuttall expects the effort to make NCMC more competitive with salaries when recruiting faculty. The two percent salary increase is for returning employees, other than faculty, hired prior to January 1st 2013.
Trustees approved Preferred Care Blue from Blue Cross Blue Shield for employee health insurance at the renewed rate of 406 dollars per employee per month â€“ no increase in the premium. North Central Missouri College Trustees last evening approved recommendations regarding personnel including a new staff position as well as various bids on purchases to be made. Trustees created a grant-funded position called Skill Enrichment Learning Specialist who will report to the allied health dean and Mo Health Wins grant administrator for a three year period.
Trustees hired Annette Pool of Xenia, Illinois as a college science instructor. She's taught high school science in Flora, Illinois since 2008 and will be moving to the area with her husband who has taken employment at Chillicothe. Also hired was Debra Herring of Maryville as a nursing instructor on the Maryville campus for N-C-M-C. Board members accepted the resignation of Kendra Cox as an admissions representative effective July 24th.
With the retirement of Sharon Barnett, Trustees elected Tyson Otto to replace her as board treasurer effective Monday. That's when Otto begins duties at North Central for the re-named position of chief financial officer and director of operations. His name will be added to all college banking records and electronic transfers via resolutions approved by the Board of Trustees. The board scheduled what's called a â€śretreatâ€ť for July 23rd at 12 noon. College President Neil Nuttall said architects will be present; there's to be more discussion strategic planning, restoration of Geyer Hall, as well as anticipated movement of academic reinforcement center, student support services, Upward Bound, and the bookstore. The regular board meeting still begins at 5:30 that day.
A Springfield company: Davis, Lynn, and Moots, was selected as auditor for the concluding year at a cost of 39 thousand dollars. Over 16 thousand dollars will be spent on office furniture for the vice president, dean, and associate dean office complex. A second air conditioner and control equipment costing almost 19 thousand will be bought for the computer room at Lager Lab.
Three other bids were accepted with a collective cost topping 72 thousand, 500 dollars for instructional technology equipment to upgrade two rooms at Cross Hall and more storage area network.
Vice President for Instruction/Student Services $94,157
Chief Financial Officer/Director of Operations $65,000
Deans of Instruction, Student Services, and Allied Health $74,636 each