Board of Trustees Works to Balance College Cayuga-CC Budget through Furlough Days and Wage Concessions for Employees

During a special meeting Monday night, the Cayuga Community College Board of Trustees voted 6 to 3 to accept agreements with the four College bargaining units. This action prevents employee layoffs and will balance this year’s operating budget. The College needed to reduce expenditures of its $32.36 million operating budget by approximately $1.5 million before the end of the fiscal year on August 31, 2013, to help make up for an unexpected 5 percent enrollment decrease. Last fall, senior leaders and budget managers identified more than $778,000 in savings through employee retirements, operating budget reductions, cuts to travel, and reductions in part-time employee hours. Earlier this spring, managerial and confidential employees, executive staff, and the president accepted furlough days and helped bring budgetary savings over the $817,000 mark. The agreements with the remaining employee bargaining units will help close the budget gap for this year, providing relief for immediate budgetary shortfalls. http://www.cayuga-cc.edu/news_and_events/viewer.php?id=893