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

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

FY19 PROPOSED SOURCES OF REVENUE COUNTY FUNDING 24% STATE FUNDING 24% TUITION AND FEES 42% NON-CREDIT 4% OTHER 4% PROPOSED BUDGET : $9,235,390 Revised FY18 Budget: $9,177,971 Change: $ 57,419

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

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.

2018-19 Proposed Charges (Per Credit)-Effective Fall 2018 Tuition $ 150.00 General Fee $ 8.00 Technology $ 6.00 Unfunded Mandates $ 2.00 Total Per Credit Fees $ 166.00 2017-18 Charge: $158.00 Increase: $ 8.00 % Increase: 5.1%

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

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 2017-18 rate.

Breakdown of FY19 Proposed Expenses (in Rounded $000) FY18 FY19 Revised Proposed Academic $ 3,574 $ 3,567 Student and Tech. $ 1,206 $ 1,223 Administrative* $ 2,906 $ 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.

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 2018-19 for implementation in Spring 2019

Governor’s Proposal The Governor has proposed free tuition and fees to families with incomes below $45,000 beginning spring 2019. 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

Any questions or comments? For more information, please contact: Barbara Pratt Vice President Finance & Operations pratt@warren.edu 908 835-2355 THANK YOU!