JJC Board of Trustees Approves FY2020 Budget
The Joliet Junior College Board of Trustees approved the college’s Fiscal Year 2020 budget at its June 12 meeting.
The total operating budget for FY20 is $97.98 million, representing a 2.4 percent increase over the FY19 budget.
“Our budget is developed each year to support our mission of being an innovative and accessible institution, dedicated to student learning, community prosperity, cultural enrichment, and inclusion,” said JJC President Dr. Judy Mitchell.
In order to present a balanced operating budget for the 47th consecutive year, the following planning goals were employed:
- Proactively plan and budget to support innovation in new programming and expanded resources;
- Maintain emphasis on student success;
- Address potential impact of Illinois’ ongoing contribution toward the college’s budget; and
- Employ realistic projections in property tax revenues.
The new budget keeps tuition and health care costs flat, and is a continuation of JJC’s commitment to fiscal responsibility. From FY17 to FY19, through position realignment, repurposing, or elimination of positions, the college achieved a cost-savings of $986,400.
“However, we know that we must invest in JJC to grow JJC,” added Mitchell. “As such, the FY20 budget funds several items to support growth in multiple areas to meet the unique needs of our students and stakeholders, including our dual credit program, a new center to support returning adult students and new university transfer partnerships, and small business development support.”
Additionally, the college’s financial team was awarded the Government Finance Officers Association’s (GFOA) Best Practices in Community College Budgeting for FY18. The award is presented annually to colleges based on their budgeting of resources that promote student achievement.
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