The Board of Trustees of Mt. San Jacinto College unanimously approved a $104.49 million budget for the 2007-08 fiscal year, which began July 1.
Because the student enrollment is growing rapidly, the budget provides for 13 new full time faculty members. “Enrollment is increasing at record numbers,” said Interim President Jon Tyler, with the current fall semester up about 13 percent from fall last year.
Much of MSJC’s budget is spent on faculty and staff salaries and benefits, which remains in the area and stimulates the local economy. With more than 1,100 employees, including full and part-time faculty and staff, MSJC has a payroll of about $2.5 million a month.
The budget for fiscal year 2007-08 includes $57.2 million in general revenue, plus $47.2 million in restricted revenue for a grand total of $104.4 million. Included is a 5.1 percent contingency and reserve account totaling $2.9 million.
Details of the MSJC budget are on the College website, www.msjc.edu, by following the links to administration/committees/budget.
MSJC is a comprehensive community college that serves more than two dozen cities and communities ranging from Banning and Beaumont in the north to Temecula and Murrieta in the south end of a 1,700 square-mile college district. The number of students served each year is 20,000.