GOCC approves 2022-23 budget

CENTREVILLE — Both revenues and expenditures will be going up as part of a new budget approved by the Glen Oaks Community College Board of Trustees Thursday.

For the 2022-23 school year, the college is projected to have $14,761,253 in revenues, up by $608,619 from 2021-22, and $14,749,744 in expenses, up by just under $600,000 from last year.

Part of the increase to revenues includes a projected $78,000 increase in tuition and fee revenue, a projected $29,420 increase in student housing income, and a $283,954 increase in state appropriations. Board Treasurer Kim Bontrager said revenues were budgeted to be “very conservative” for the upcoming academic year, and that overall for cash flow it was a “solid” budget.

“There are things in here that may be higher, but if they are, that’s to our benefit,” Bontrager said.

As for expenses, the college had projected increases in all but one category: rent, utilities and insurance, which went down by almost $2,500. Vice President of Finance and Administrative Services Bruce Zakrzewski said utilities in the overall number went up, but premiums for insurance went down.

“Because we’re in a consortium, our actual premiums went down,” Zakrzewski said.

“And it only went down by a very small amount,” Bontrager added.

Zakrzewski also noted in his report the college did not adjust any budgets that were submitted by the college’s department chairs, saying that was the “first time in forever” that has happened.

“It was submitted, and we pushed forward. That hasn’t happened in forever,” Zakrzewski said.

GOCC President Dr. David Devier said utility costs could go down even further in the future due to expected savings coming from the college’s renovation projects.

“When these new walls are up, utilities are going to go way down,” Devier said.

In addition to the budget, the college also approved their annual tax levy resolution for the 2022-23 school year. The college determined ad valorem taxes are going to be $6,127,942 this academic year based on the approved tax rate millage of 2.7109 mills.

Both action items were approved unanimously by the board.

In other business…

  • The board approved professor emeritus status for retired professors William Lederman and Jerry Barkley. Lederman was a nursing professor at the college, while Barkley was a math professor.
  • The board approved recognizing Juneteenth, June 19, as a college holiday. Juneteenth commemorates the emancipation of enslaved African-Americans, and will be observed on June 20 in 2022 due to the date falling on a Sunday.
  • Devier gave updates on the college’s capital outlay project and south side renovation projects. For the capital outlay project, Devier said workers were “on the verge” of drywalling the new Learning Commons and was “impatiently” waiting for panels to go up on the sides of the building. As for the south side renovation, he said Design Collaborative was close to a final architectural design, and was “very pleased” with what has been done so far.

Robert Tomlinson can be reached at 279-7488 ext. 22 or robert@threeriversnews.com.

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