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Laurel Ridge asks Warren County for $41,205 to cover prorated student scholarships
Summary
Laurel Ridge Community College asked the Warren County Board of Supervisors to approve a $41,205 allocation for fiscal-year scholarships and college support, describing how the college’s formula prorates funding by county enrollment and how the money is used.
Laurel Ridge Community College asked the Warren County Board of Supervisors on Thursday to allocate $41,205 to the college’s local scholarship and support fund for the coming fiscal year.
The request is a prorated share of a $364,000 multi-county budget, Corey Thompson, vice president for finance and administration at Laurel Ridge, told the board. "The prorated portion of enrollment for Laurel Ridge, based on a $364,000 budget," Thompson said, adding the allocation to Warren County this year is $41,205.
Thompson said the county share is not a new appropriation: the college’s allocation can fluctuate year to…
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