Saturday, November 19, 2016

College cuts ‘non-strategic’ items, looks for more places to save - Megan Bennett & Andrea Salcedo, Columbia Chronicle

Department funding continues to fall while overall administrative expenses rise and a multi-million-dollar cash flow is being used to fund the Strategic Plan, according to the college’s official Fiscal Year 2017 budget. The budget, made public on the college’s website, was adjusted after Fall 2016 Semester enrollment projections made in April—8,330 students—and August— 8,258—were not reached, according to Richard Dowsek, CFO and interim vice president of Business Affairs. The budget, which currently breaks even at approximately $202 million, includes a $2.5 million shortfall that the administration is trying to reduce to meet this year’s projections, Dowsek said.

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