IVCC approves budget with possible $2 million shortfall - NewsTrib

The Illinois Valley Community College Board this week approved a tentative $34 million budget for fiscal 2019. Anticipated revenue of $31.6 million represents a 1.3 percent increase over the 2018 budget and $34.4 million in expenditures marks an 8 percent increase over the previous year’s budget. Operating revenue is up 2.4 percent to $21.8 million and expenditures rose 3.2 percent to $22.1 million. To help balance operating funds, a transfer of $260,000 will be made from the auxiliary fund for IT infrastructure improvements, said Vice President for Business Services and Finance Cheryl Roelfsema. http://www.newstrib.com/free/ivcc-approves-budget-with-possible-million-shortfall/article_ebc17028-8694-11e8-ad0a-b3ef600be0c7.html