Archive for August, 2016

Update – August 22, 2016

on August 19, 2016 in Weekly Update | Comments Off on Update – August 22, 2016

Good Afternoon San Jacinto College Community:

I hope you have been able to stay dry this week and that you are ready for a relaxing weekend before fall classes begin on Monday! Today, I want to provide you with updates on the 2016-2017 budget, fall enrollment, and annual priorities.

  1. On Monday evening (August 15th), the Board of Trustees approved the 2016-2017 budget. The budget development process was challenging as we addressed adequate funding of key expenses and repurposed dollars for strategic priorities. All departments were asked to reduce expenses by 2 percent and areas with reduced enrollment took additional reductions to shift dollars to higher growth areas. Approvals for new budget requests were limited because of finite resources and our desire to address existing commitments.From a revenue standpoint, we updated our tuition and fee projections based on current year enrollment, incorporated the new tuition and fee changes that take effect this semester (fall 2016), firmed up exemption and waiver projections, and increased bad debt expense estimates. Additionally, the budget is based on a projected enrollment of 1.8 percent (with a stretch goal for state funding purposes of 3 percent). There were no changes to state appropriations since this is the second year of the biennium. Luckily, the College‚Äôs tax base is strong with projected increases in property valuations of 3.21 percent. These numbers will be adjusted as certified values are received from Harris County later this month. Read the rest of this entry »