Budget Planning

Fiscal Year 2013 Budget Development

Welcome! The college’s budget is a consultative and participative annual process. The information contained on this web-page is designed to provide a transparent process which clearly identifies the timelines and various opportunities to learn about the budget process and provide input. We look forward to a successful budget cycle and your valued input into the process.

This website will be updated regularly with additional information and links. Please use this as a reference for any concerns you may have with the College's budget to be kept abreast of any developments.

Financial Outlook

Minneapolis Community and Technical College is faced with a budget shortfall for fiscal year 2013, currently estimated at $2.6 million (see table below), and $4.2 million in 2014 under our current assumptions. This shortfall can be attributed to the following:

Enrollment decline. The College anticipates a 6% decline in enrollment in 2012.
Continued decline in state appropriation. The College anticipates a 4% decline in state funding in the next biennium (FY 2014- FY 2015) after a 9.3% decline the previous biennium.
Increased personnel costs. Contractual step and fringe benefit increases account for an anticipated 1.5% increase in personnel costs, the College’s largest single expense type.

Click Image to Enlarge

As such, it is imperative that the College take action to meet this shortfall in order to preserve its strong financial position. The College’s Budget Department is seeking input from employees to consider their work areas and contribute their own suggestions to help balance the FY 2013 Budget. Over the course of the next two months, meetings will be held at the departmental level that will ask employees for their suggestions in helping the College manage its financial position. In addition, we will be offering the ability to submit suggestions via this website anonymously (see below). The College’s guiding principles of its budgetary process are provided to help align your suggestions with the College’s budgetary principles .

Your suggestions will be reviewed and considered in making the first draft of a balanced budget for FY 2013. The draft will be available in April and will include recommendations for tuition rate increase and expenditure changes. Time will be given to hear your reactions to this proposed draft. Your comments will be considered in making the final budget, set in early May.

Guiding Principles of the College’s Budgetary Process

Strive to match the educational need of students to program offerings
Identify core services based on college-wide priorities
Improve the quality of services to student in order to promote academic success
Based on factual review of all relevant data
Reward collaboration and cooperation as an indicator for improved efficiency and effectiveness
Provide the greatest benefit to students, college, and community
Reduce duplication of effort and resources
Ensure program offerings best match industry needs
Support implementation of college strategic action plan.

FY 2013 Budget Feedback

FY 2013 budget feedback has been collected from Employee Departmental Meetings and from this Budget Site. Thanks for your participation during this process! We received many great suggestions as evidenced below:

Budget Site Raw Feedback
Budget Site Feedback Edited
Departmental Employee Input Feedback

These suggestions have been shared with MCTC administrators indicating that suggestions should be shared with appropriate faculty and staff for further discussion and possible implementation. Feedback will be collected and shared at the end of May, 2012.

The following financial management principles will be factored in when making budget decisions:

Establish a tuition and fee structure that minimizes costs to students, sustains essential college services, and factors in the level of state support
Prioritize requests based on funding source, justification, and alignment with the College’s goals and objectives
Balance operating revenue and expenditure budget for all funding sources
Define and protect fund balance before making any one-time, strategic expenditure decisions

FY 2013 Budget Recommendations

The MCTC Budget Committee has reviewed Budget Presentations and supporting data provided by presenters. Below are the current recommendations from the Budget Committee as shared with MCTC Administration:

Budget Committee Recommendations

Below is the FY 2013 budget information shared at the All College Meeting by Scott Erickson, Chief Financial Officer:

All College Meeting April 25th

Since the All College Meeting, MCTC Administration has submitted a budget proposal:

MCTC Administration 1st Proposal

Please review this proposal and share your feedback by Friday, May 18th. You may submit your feedback through your supervisor, by e-mail to ronika.rampadarat@minneapolis.edu, or by using the anonymous feedback box below.

Counseling / Advising

Budget Planning