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Proposed $33.3M operating plan would raise expenses 2.8% and draw $397,000 from reserves, college finance director says
Summary
College finance presenter told Warren County finance and budget committee the proposed fiscal 2025–26 operating budget totals about $33.3 million, calls for a 2.8% increase in operating expenses, reflects a less‑than‑2% rise in salaries and a 12% rise in benefits, and would reduce the college's fund balance by $397,000 to about 9.6% coverage.
Keith, the college finance presenter, told the Warren County finance and budget committee that the proposed 2025–26 operating budget totals about $33,300,000 and would increase operating expenses by 2.8 percent while drawing $397,000 from the college's fund balance.
"We're gonna have to dip into our fund balance by $397,000," Keith said, explaining the college enacted a fund balance policy calling for 8%–16% coverage and that the projected balance after the draw would be about 9.6 percent. He said the college plans conservatively to protect long‑term sustainability while budgeting modest…
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