Friday, June 8, 2012

College wrestles with recession - KINZLEY PHILLIPS, LCC Torch

Since the 2008-2009 year, LCC’s enrollment has jumped 35.6 percent and the college’s general fund budget has increased by $15.2 million. Meanwhile, intergovernmental revenue to support the college has only increased by $2.3 million, and funding from student tuition and fees has increased by $10.2 million. In order to cover the remaining deficit, the college has worked to increase growth and employ strategic staffing. Chief Financial Officer Greg Morgan said the total payroll cost for LCC in 2011-2012 is $75.4 million. “We’ve done what we can to get through this recessionary period … by adding these part-time faculty and part-time staff and holding these full-time faculty and staff fairly constant, and then there’s the addition to the administration,” said Chief Human Resources Officer Dennis Carr.


http://www.lcctorch.com/2012/05/31/college-wrestles-with-recession-with-resources-dwindling-and-rising-enrollment-lcc-struggles-to-adapt/