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Proposed FMCC budget spends down fund balance

The proposed 2013-14 budget for Fulton-Montgomery Community College calls for the contributions from both counties to remain the same for the seventh year in a row.

David Morrow, F-MCC’s vice president for finance and administration, gave an overview of the proposed budget at Tuesday’s meeting of the Montgomery County Legislature’s Education and Government Committee. The budget calls for a 6.12 percent increase in expenses, including $260,000 in personnel services, a 2.6 percent rise in health insurance costs, and some equipment and maintenance items that had been deferred from other years, Morrow said.

The college gets most of its money from three sources: student tuition and fees, state aid, and contributions from Fulton and Montgomery counties. Under the proposed budget, the contribution from each county would remain at $1.395 million, Morrow said.

The budget proposal includes taking $369,000 from the college’s fund balance, Morrow said.

“I’ve been with the college for 13 years, and we have not had to dip into the fund balance,” he said.

A public hearing on the proposed budget will be held at 6:55 p.m. July 22, just before the Legislature’s regular meeting.

About John Becker

John Becker is both a Reporter and Consulting Editor for The Compass. He and his wife Pat operate Abbey Farms in Amsterdam NY.

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