ACC Regents Review Proposed 2011 – 2012 Operating Budget
Alvin Community College introduced the college’s 2011 – 2012 operating budget to the ACC Board of Regents at the monthly meeting on Thursday, June 23.
While the Texas Legislature is still finalizing the state’s biennial budget, which includes funding for higher education, ACC has been warned that funding cuts will be dramatic. “Our enrollment has steadily been climbing over the past few years and these cuts from the legislature will definitely have an impact on the way we do business,” said Dr. Darryl Stevens, Dean of Financial Services and Administration. “Over the next two years we are expecting to do more with less.”
ACC is projecting a 12.91 percent decrease in state funding over the next two years. In addition, employee insurance and retirement benefits are expected to increase by almost $2 million.
In anticipation of the impending cuts, the ACC budget planning team, made up of key members of the college’s administration, has been meeting regularly to review the operating budget and revenue stream for the college. Throughout the past fiscal year, the team has reduced operating costs by $1.15 million, but college officials at a $456,000 shortfall in revenue.
The ACC budget planning team continues to look for further cost reductions and an operating budget will not be approved until after the legislature adjourns and other income variables including maintenance tax revenues and salary savings generated by the employee exit program have been finalized.
During the meeting, regents also approved Board Meeting dates for 2011-12 and the financial report ending May 2011.