Mt. San Jacinto College will spend less money in 2008-09 than it did the previous year and continue to maintain a stable workforce to support the access and meet the needs of an increasing student population under a budget adopted by the Board of Trustees.
The five-member board unanimously approved the MSJC budget during its regular meeting on Sept. 11, 2008 in the board room on the San Jacinto campus.
Absent an approved state budget, the college prepared its 2008-09 budget based on provisions included in Gov. Arnold Schwarzenegger’s May budget revision.
The college’s budget will be revised as needed after the state adopts its own spending plan.
Much of the reduction in spending in 2008-09 is due to spending last year that the district did not anticipate, like the windstorm damage, and does not expect to have to spend in the coming year.
The college’s plan calls for spending $56. 7 million from its unrestricted general fund, about 3.6 percent less in the 2007-08 fiscal year than it spent the previous year.
The decrease in expenses from the unrestricted general fund resulted from cutting interfund transfers mainly to the Capital Outlay fund, which covers costs like land acquisitions and construction of buildings.
Under the 2008-09 budget, the district still plans to build a humanities classroom building on the Menifee Valley campus and add two computer labs to the Temecula Education Complex, among other things. The budget also calls for a 4.33 percent increase in instructional salaries.
Revenues to the unrestricted general fund, which includes a designated special reserve, are expected to be about $57 million. The designated special reserve is expected to increase from $4.2 million in 2007-08 to $6.8 million in the current fiscal year. The district sets aside money in the reserve fund and it can only be used if the Board of Trustees designates funds for specific future operating expenses or returns money to the general fund.
The college also plans to reduce spending in the college’s Other Operating Expenses and Services funds by $1.9 million less than the previous year by cutting costs for services like consultants, contracts and legal.
The reduction, a 23 percent decrease from 2007-08, is largely due to costs the district incurred in 2007-08 (like the October wind damage) but does not expect this year.
Based on state budget discussions, the college does not expect to receive the Cost Of Living Adjustment and anticipates only 4.14 percent for student growth. The district has experienced a 13 percent increase in unduplicated headcounts as of Sept. 4.
More information on the budget is available by contacting the Business Services office at 951-487-3010.