The Feather River Community College Board of Trustees recently adopted a balanced 2017-18 budget that reflected decreases in California resident enrollment and an ongoing support for the bachelor’s degree program.
Going over charts that show the college’s successful nine-year history of projected and actual budget revenues, Dr. Kevin Trutna, president, told the board, “Regardless of where we start out, we usually end up better than where we began for our conservative projections of revenue. Our actual income revenue ends up being more than what we budgeted or projected for.”
Last year’s revenues for the college’s operations were projected at more than $14.9 million and the actual revenue received came in at over $15.2 million. However, expenditures were $15.7 million and the trustees discussed concerns about possible trends in declining revenues going forward.
Trutna added, “We’ve increased our beginning fund balance every year since 2009, except last year. Over the past two years, we’ve had a couple of hits — one was the settlement of a long-term lawsuit and the other was our purchase of the cattle ranch land for the Equine and Ranch Management degree program.”
Projected revenue for the 2017-18 year is estimated to be over $16.2 million, which may necessitate using approximately $1.1 million from FRC’s reserves depending on actual expenses for the school year.
Jim Scoubes, FRC’s chief financial officer, acknowledged the college will need to dip into its reserves to balance the budget and told the board, “We have a healthy reserve fund.”
In a statement after the trustees’ meeting, Trutna explained that the California State Legislature and Community College Chancellor’s Office both continue to invest in programs that are designed to increase student retention and degree completion.
“Feather River College is proud of our accomplishments in this area,” Trutna said, explaining that continued support from the state allows FRC to focus on student success, equity and basic-skills completion as important components of earning a degree or certificate.
“In addition to our strong associate degree programs and certificates,” Trutna added, “the adopted budget supports the growing bachelor’s degree in Equine and Ranch Management. This budget supports all of the functions at FRC and provides services to students in support of their educational goals.”