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Southeast Tech board approves tentative $40M budget after finance update; routine minutes, agenda and consent items also approved
Summary
Board acknowledged finance actuals and approved the proposed fiscal-year budget (about $40 million). The meeting recorded several routine approvals (minutes, agenda, consent items) and a recess motion. No detailed vote tallies were recorded in the transcript.
Board members acknowledged finance actuals and approved the college’s tentative budget for the coming year during the meeting. The college’s finance presenter reported roughly $29.1 million in revenues received to date and about $28.7 million in expenses; the board then approved the proposed budget totaling about $40 million.
Christine, a Southeast Technical College finance staff member, reviewed year-to-date actuals at approximately 83% of the fiscal year complete. She described revenue mixes (about 48% tuition and fees, roughly one-third state funds, 2% federal, small local funds and 10% auxiliary sales) and said some state and federal reimbursements were in process and would increase reported revenue…
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