JJC’s FY16 Budget Approved by Board of Trustees

The Joliet Junior College Board of Trustees approved the college’s fiscal year 2016 budget at their April 14 meeting.

This is the 43rd consecutive year that the college’s operating budget has been balanced.

The total operating budget for FY16 budget is $87.14 million, representing only a 1.04% increase over the FY15 budget.

“Each year, we face difficult choices in the budgeting process as we account for factors such as declining state funding and leveling enrollment,” JJC President Dr. Debra Daniels said. “Once again, our college community has proven adept at navigating these challenges while maintaining high quality services and education for our students, as well as fiscal responsibility and transparency.”
 

Highlights of the FY16 budget include:

–          No increase in tuition 

–          Existing resources reallocated to fund new requests

–          An increase in the state credit hour apportionment to $8,100,000

–          Responsible reserves maintained

–          An emphasis on student success

See the FY16 budget

Additionally, this past fall, the college’s financial team was awarded the Government Finance Officers Association’s (GFOA) Distinguished Budget Presentation Award for the FY2014 budget.

This marks the 10th year in a row JJC has received the award for its budget, which is only given to government bodies that meet the highest principles of governmental budgeting and achieve standards of excellence in financial reporting,

“Receiving the GFOA budget award for the 10th year in a row is yet another indication of JJC’s commitment to financial stewardship of taxpayer resources,” said Daniels. “I commend our financial team for their hard work keeping the college’s budget balanced, continuing our proud legacy of fiscal responsibility.”

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