MSJC Board Approves Tentative 2018-19 Budget
July 2, 2018
During the June 28 meeting, the Board of Trustees adopted a tentative $92.5 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 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.