North Central Missouri College Adopts 9.7 Million Dollar Budget
Date 2014/6/25 4:09:34 | Topic: News
|Trustees of North Central Missouri College adopted a balanced budget topping nine point seven million dollars for the fiscal year starting in July.|
It contains no increase in salaries for most employees. North Central's unrestricted accounts budget shows revenues exceeding expenses by 44-hundred dollars.
Revenue is estimated at nine million, 724 thousand dollars. Expenditures are projected at over nine million, 719 thousand dollars. Tuition and fees were based on this years' enrollment which has been described as steady with the previous year. There's a two dollar increase per credit hour. College President Neil Nuttall noted student tuition now accounts for over 70 percent of the budget (It once was about 43 percent) North Central is expected to receive more than two and a half million dollars in state appropriations for fiscal year2015. That's an increase of 198 thousand dollars (8.3%) compared to the prior year.
The new budget is driven by additional expenses for health insurance as well as an increase in utilities. Trustees approved Blue Cross Blue Shields' health insurance
with a 20-percent increase. The new cost is 489 dollars per month per employee.
That's up by 83 dollars. Employees will have three options for health insurance.
Regarding utilities, the college estimates a 22 thousand dollar increase (or 14 percent)
in electric and water costs. Doctor Nuttall said he regrets that for the first time in his
ten years at NCMC, an increase is not offered in salaries. There's also no increase in
retirement. But it was noted that the total compensation showing what the college pays
per employee HAS gone up due to the health insurance benefit.
Three employees received board-authorized increases in salary last night due to other reasons: degrees earned by Math Instructor Tracy Welch and Bookstore Manager Cecilia Marsh as well as the restructured position for Whitney Trump in her role as coordinator of academic support programs. A fourth employee, Jamie Hooyman, received a salary increase when she was transferred last month to the newly designed position of vice president of institutional effectiveness.
With that change, among others, Trustees approved revisions to the organizational chart. Seven employees directly report to the president. Seven others report to the vice president. One hiring was approved. Megan Goodin of Princeton will be the advising coordinator effective July 21st. She's been advisement facilitator for NorthwestMissouri State University. Several staff positions are yet to be filled – most notably are
interviews being scheduled to replace Mrs. Hooyman as the dean of instruction.
Trustees approved a 275 thousand dollar budget, with no increase in salaries, for the three employees of the Workforce Investment program headquartered in Trenton.
A supplemental increase in federal funding allows Green Hills Head Start to offer
employee raises for the first time in five years. Over 122 thousand dollars is intended for
cost of living hourly rate adjustments from one point three to three percent. It'll also
restore funds eliminated last year. As a result, funded enrollment will increase to 251 slots for Head Start children. And four staff positions will be restored including two
home visitor, teacher assistant positions to serve Daviess and Sullivan Counties.
Renovations to Geyer Hall at North Central Missouri College may have to wait longer than what college officials are hoped. With what he believes to be an uncertain picture on state revenue, Governor Jay Nixon yesterday vetoed some appropriations and withheld money earmarked for other purposes. For North Central, College President Neil Nuttall said the Governor is with-holding one point four million dollars intended as the states' match for Geyer Hall restoration. The college would use one point four million in privately-raised funds as the local 50-percent match.
The positive news, as Doctor Nuttall called it, is that those state funds were not vetoed; but just withheld by the Governor until whenever the state funds are released.
Also withheld is five percent in higher education funding from general revenue.
Trustees accepted a bid of nearly 23 thousand dollars from C and R Concrete of Chillicothe to seal campus parking lots; approved 54 thousand dollars to McGraw-Hill
for the second year of a three year service agreement on recording the faculty lectures;
agreed to the annual renewal of a bond agreement with U-M-B Bank; and adopted a
board policy change pertaining to investments. An executive session also was held.
Foundation Officer Teresa Cross told of the August 9th bus trip to a Kansas City Royals game and visit to Union Station; August 29th golf tournament at Chillicothe; and reported the gifts in action scholarship campaign has over 331 thousand dollars in
cash and pledges.