The Joliet Junior College Board of Trustees approved the college’s fiscal year 2014 budget at the June 18 meeting.
This is the 41st consecutive year that the college’s operating budget has been balanced. The total FY14 budget is $83,523,727, a $21,375 decrease from the FY13 budget. In the FY14 budget, tuition rates will remain the same at $107 per credit hour for an in-district resident.
“Though our budgeting process did not come without difficult choices, I am pleased that the campus community continually expresses remarkable support and resolve in the wake of fiscal challenges,” JJC President Debra Daniels said. “Innovations in student learning, resource development, and sustainable business practices have contributed greatly to the success of our institution in the last fiscal year.”
In order to present a balanced budget, the college took the following measures:
– Cut approximately $500,000 in supplies, contractual services and travel funds
– Restructured the fitness center operational plan in order to achieve $280,000 in estimated savings
For the FY13 budget, the college cut more than $1 million, reducing travel and professional development, deferring computer replacements, reducing the marketing budget, and offering the student handbook online instead of printing copies.
This year, the college’s financial team was awarded the Government Finance Officers Association’s (GFOA) Distinguished Budget Presentation Award for the FY2013 budget, as well as GFOA Certificate of Achievement for Excellence in Financial Reporting for the FY2012 audit report.
This marks the eighth year in a row JJC has received this honor for its budget and the eleventh year in a row for the audit report, which is awarded by an impartial panel to government bodies that meet the highest principles of governmental budgeting and achieve standards of excellence in financial reporting, respectively.
“We know that each financial decision made affects our students as well as our community, which is why I was honored that we received this award for the budget submitted for FY2013 and the audit submitted for FY 2012,” said Daniels. “This is the highest form of recognition in financial reporting and governmental accounting, and I am pleased that JJC’s financial team has been recognized for their financial stewardship and hard work to keep the college’s budget balanced.”