CMC Trustees approve college 2014-15 budget |

CMC Trustees approve college 2014-15 budget

At the Wednesday, June 18 meeting of the Colorado Mountain College Board of Trustees, the board voted unanimously to approve the college’s overall operating and capital budget of $60.6 million for 2014-15.

The general operating budget, of $56.3 million, reflects a 1.8 percent increase over the current year’s budget, which is in line with inflation.

The 2014-15 budget is based on projections that enrollment will increase by at least 2 percent and state-based financial aid will grow by at least 50 percent.

Revenues are projected to be higher overall than in the current year by almost $1.5 million, primarily due to increases in state funding and net tuition revenue. After holding tuition rates constant for the previous two years, increases of 2 to 6 percent were approved for 2014-15.

Four new full-time faculty will be hired in 2014-15 to provide direct support to students in the classroom, along with a learning management system administrator and faculty trainer. A new position to support veteran enrollments and transcript evaluation will also be hired.

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