1. WARREN COUNTY COMMUNITY COLLEGE FY19 BUDGET PROPOSAL
Public Hearing
May 16, 2018

2. General FY19 Budget Info WCCC budget cycle is July 1 through June 30
Preliminary budget adopted in January
Board of School Estimate to determine County support in February
Governor’s budget announced in March
Legislature develops an Appropriations Bill
Governor can cut (veto) but cannot add funds
Final state budget is signed by Governor by July 1
Any changes in student charges effective for the fall semester

3. FY19 PROPOSED SOURCES OF REVENUE
COUNTY FUNDING 24%
STATE FUNDING 24%
TUITION AND FEES 42%
NON-CREDIT %
OTHER %
PROPOSED BUDGET : $9,235,390
Revised FY18 Budget: $9,177,971
Change: $ ,419

4. FY19 PROPOSED SOURCES OF REVENUE (Rounded $000)
County Funding $2,192,390 State Funding $2,250,000 Tuition and Fees $3,908,000 Non-Credit Revenue $ 485,000 Other $ 400,000 Total $9,235,390

5. Revenue Assumptions for FY19
Enrollment decrease of 6%
Just under 6% increase in county funding
Slight decrease in state funding*
5.1% ($8/credit) tuition and fee increase
*State funds are apportioned primarily based on this year’s enrollment, so exact state increase will not be known until next spring.

6. 2018-19 Proposed Charges (Per Credit)-Effective Fall 2018
Tuition $ General Fee $ 8.00 Technology $ 6.00 Unfunded Mandates $ 2.00 Total Per Credit Fees $ Charge: $ Increase: $ 8.00 % Increase: 5.1%

7. COST PER CREDIT (Fall 2017 vs. Fall 2018)
Credits
Current
Proposed
Change
3 credits
474.00
498.00
$24.00
6 credits
948.00
996.00
$48.00
9 credits
1,422.00
1,494.00
$72.00
12 credits
1,896.00
1,992.00
$96.00
15 credits
2,370.00
2,490.00
$120.00

8. Fall 2018 Tuition and Fee Charges (15 Credits at In-County Rates)
Fall 2018 Estimated
Sussex $3,390*
Raritan Valley $2,817
Morris $2,490
Warren $2,490
Source: College websites (5/10/2018). Assumes a course load of five 3- credit courses. Includes per credit, per semester and per course fees (but not individual course fees).
*Sussex has not set its rates at this time. This is the rate.

9. Breakdown of FY19 Proposed Expenses (in Rounded $000)
FY FY Revised Proposed
Academic $ 3,574 $ 3,567
Student and Tech. $ 1,206 $ 1,223
Administrative* $ 2, $ 2,881
Plant and General** $ 1,492 $ 1,565
Total $ 9,178 $ 9,235
*Administrative offices plus fringe benefits, general supplies (postage, paper, copiers), legal, payroll, banking
**Insurance, utilities, building maintenance, security and facility expenses.

10. Initiatives for FY19
New programs are proposed for AS in Business Management and AS in Substance Abuse; courses to support these will be offered in fall
Building annex is scheduled to be open for spring 2019
Three computer labs will be re-equipped in Summer 2018
College will pursue an initiative to make book prices more affordable in for implementation in Spring 2019

11. Governor’s Proposal
The Governor has proposed free tuition and fees to families with incomes below $45,000 beginning spring We do not know the details of the proposal. It must be approved by the legislature
There are also increases included in the Governor’s budget for the Tuition and Grant and Educational Opportunity Fund programs

12. Any questions or comments?
For more information, please contact:
Barbara Pratt
Vice President Finance & Operations
THANK YOU!