Archive for August, 2015

Update – August 21, 2015

on August 21, 2015 in Weekly Update | Comments Off on Update – August 21, 2015

Good Afternoon San Jacinto College Community:

I hope you are staying dry on this wet day!  Today, I want to give you updates on the 2015-2016 budget, fall enrollment, and San Jac Tomorrow.

  1. On Monday evening (August 17th), the Board of Trustees approved the 2015-2016 budget.  Reduced appropriations from the State and increased unfunded State benefits had a negative impact on our overall budget.  Luckily, the College’s tax base is strong and the increases in that base provided the estimated additional revenue required to limit budget cuts.  Also, the budget is based on a projected enrollment increase of 1.5%.  At this point, the budget is fluid because we are waiting for the final decision on property tax values needed to complete our taxation calculations, and because enrollment is still in process (see below for more on enrollment).  Expense dollars were repurposed within budgets, and approvals for new budget requests were limited, due to uncertainty about resource streams. Included in the budget was a $2.4 million compensation pool to cover full-time employee merit raises. Read the rest of this entry »