Tuition increase passes 6-2

MEMORANDUM

 

 

To:                  Alamo Colleges Family

 

From:             Leo Zuniga, Associate Vice Chancellor of Communications

 

Date:              May 5, 2012

 

Subject:        Retreat/Special Board Meeting Report

 

On behalf of Dr. Leslie, the following is a summary of proceedings at the Alamo Colleges Retreat/Special Board meeting of the Board of Trustees on May 5, 2012.


Vice Chancellor of Finance and Administration Diane Snyder made the following presentations

Presentation on FY12 Financial Results

Presentation on FY13 Financial Overview and Operating Budget Forecast

Presentation on Status of FY11/FY12 Budget Strategic Initiatives (25 Strategies)

Presentation on Preliminary FY13 Budget Strategic Initiatives 

Presentation highlights included:

     – Project $2.4 million higher in maintenance and operations tax revenue
     – Spring 2012 contact hours were 1 million below forecast, thus a projection of $3 million in reduced state revenue
     – Identified $3.8 million of FY13 strategies to self-fund faculty and staff salary increases
     – Recommended investments of $3 million in preventive maintenance, $2 million in student success strategy fund, and $3 million in capital investment for            emergency preparedness
     – Fall enrollment trends: 2008 – 54,081; 2009 – 60,265; 2010 – 63,341; 2011 – 63,641
     – 2012 Spring enrollment – 58,356
     – Fiscal Year 2012 of 63,641 enrollment of which 10,507 were tuition exempt
     – Over the past 11 years, total state funding with benefits increased 1% while enrollment increased by 51%

Trustee Discussion Regarding Presentation of Preliminary FY13 Operating Budget Forecast and Budget Strategic Initiatives

 

Tuition Schedule for Fiscal Year 2012-2013 Reflecting a Three Percent General Tuition Increase

On a 6-2 vote, the Board approved a 3% increase in tuition to support enrollment growth in 2012-2013.

Preparing the Proposed Operating Budget for FY13 with a 2% Salary Increase

This item was deferred for consideration at a later date.

 

Preparing the Proposed Operating Budget for FY13 

This item was deferred for consideration at a later date.

 

 

END OF-REPORT

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s