Saturday, September 8, 2018
Not much wiggle room in Sauk budget: College projects deficit for FY20 budget - GAVIN T. JENSEN, Sauk Valley
Sauk Valley Community College’s annual budget has been in the black 2 years in a row, but a gradual decrease in state funding could spell trouble next year. The Sauk Board of Trustees on Monday approved an official fiscal year 2019 budget for the college that’s $166,938 in the black, with $16.7 million in revenue and about $16.5 million in expenses. Last month, the net balance was positioned to be $99,449 before the college tacked on $67,489 with the resignation of senior faculty member Mary Lou Kidder – who worked at the college since 1994 and taught human relations and computer information systems. Sauk shaved about $206,000 of expenses in benefits, salaries, instruction, contractual services, academic support, student services and public services. They also added about $111,000 in operating costs, institutional support, general materials, conference expenses and unspecified spending.
http://www.saukvalley.com/2018/08/29/not-much-wiggle-room-in-sauk-budget-college-projects-deficit-for-fy20-budget/av89t69/