WEATHER FROM OUR SPONSORS
SHERIDAN — The Northern Wyoming Community College District Board of Trustees will meet Wednesday night to approve the proposed budget of $85,452,459 for the 2014 fiscal year.
“Our budget is fairly flat for our operating budget but the biggest part of our budget for this year is the plant fund and that is due to construction,” NWCCD Chief Financial Officer Cheryl Heath said.
Heath said $36 million, or approximately one-third of the budget is designated for various construction projects.
“Our construction is continuing to stay high because we are finishing up the academic center and starting the Thorne-Rider campus center,” she said.
The operating budget will stay consistent at $25.7 million.
Heath explained that the majority of revenue for the college district, about 60 percent, comes from state funding, about 20 percent comes from tuition fees and 20 percent from local mill levy revenue.
Local mill levy revenue will be 11 percent less in the coming year, due to a decrease in county valuation of $437 million, down from a previous $493 million. In addition, the state biennial appropriation is 6 percent less.
However, Heath said a 5 percent tuition increase will offset some of the other revenue reductions. She noted that the Wyoming Community College Commission sets tuition prices for all community colleges in the state, with input from college trustees and presidents.
The budget meeting is open to the public and will be held Wednesday in the Whitney Presentation Hall (formerly CTEL presentation hall) at 5:30 p.m.
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