Lower Columbia College Budget - KOG

The Lower Columbia College Board of Trustees adopted the Fiscal Year 2015 budget at last night’s meeting, as the college now deals with a significant drop in enrollment from the record years of 2008 to 2010. LCC President Chris Bailey says that the extra tuition money that came in during those record years helped to insulate the college from some serious financial issues…lcc2015…The college had 2,936 Full-Time Equivalent students in the past year, significantly below the 3.600 or 3,700-plus that they had in 2009 and 2010. Excess tuition revenues from those years has helped to cover shortfalls in the past couple of years, and this year’s budget also uses 450 thousand dollars in reserves. Bailey and other budget officials at the college say that the reliance on those reserves has to end, so steps are being taken to reduce expenditures even further. There’s a campus-wide directive to reduce expenditures by six percent over the coming year, though there are no plans to reduce workforce or program offerings, and tuition will remain flat for the coming school year. http://klog.com/lcc-budget-4/