MSJC Board Approves Tentative 2018-19 Budget

Ju​ly 2, 2018

During the June 28 meeting, the Board of Trustees adopted a tentative $92,555,592 million unrestricted General Fund budget for 2018-19.  The unrestricted General Fund pays for operations, materials, supplies, salaries and benefits, among other things.

The District’s total budget of $268,999,231 million includes the General Fund, Restricted Funds, and Auxiliary Funds for use in specific areas. The budget also includes funds for the Bond Project Fund - Measure AA which voters approved in 2014. MSJC’s budget includes serving 12,420 full-time equivalent students.
Highlights of the budget include:

  • 12 replacement faculty members due to retirements or resignations
  • Increase to STRS/PERS employer contributions
  • 7 percent Board Reserve
  • Staff step and column increases
  • Increased operational expense for newly acquired facilities

A tentative budget is approved so the district maintains spending authority into the new fiscal year, which begins on July 1. The final 2018-19 budget includes items in the recently enacted state budget and will be presented to the Board of Trustees for adoption in September.

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