Budget Overview
The total recommended Operating Budget for the Montgomery College is an increase of or percent from the Approved Budget of Personnel Costs comprise percent of the budget for no full-time position(s) and no part-time position(s), and a total of FTEs. Total FTEs may include seasonal or temporary positions and may also reflect workforce charged to or from other departments or funds. Operating Expenses account for the remaining percent of the budget.
Montgomery College's requested budget adopts a fiscally conservative maintenance of effort budget for This budget keeps Montgomery College affordable for students with no tuition increase.
In addition to the total recommended operating budget for the College, the agency's Capital Improvement Program (CIP) requires Current Revenue funding. Approximately million in Current Revenue is assumed in the County Executive's Capital Budget and Amendments to the Capital Improvements Program (CIP).
Montgomery College's budget request is not detailed in this document. The College's budget request may be obtained by contacting the College's Budget Office, Corporate Boulevard, Rockville, MD phone or may be found on the College's website at https://www.montgomerycollege.edu/offices/administrative-and-fiscal-services/budget-office/index.html.
State law requires the Board of Trustees and the President to prepare and submit operating and capital budgets to the County Council. The operating budget request is normally submitted to the Council and County Executive in January each year. The College's approved budget is included in the County Approved Operating and Capital Budgets prepared by the Office of Management and Budget in July.
The County Executive relies on the Board of Trustees to determine the most appropriate manner and use to deliver education services within the recommended budget appropriation.
Spending Affordability GuidelinesOn February the County Council approved spending affordability guidelines (SAG) of million for the tax-supported funds of Montgomery College.
EnrollmentEnrollment at Montgomery College is up over the academic year. The College projects steady enrollment increases to continue for several years, with an estimated enrollment of FTEs, an increase of compared to the Actual figure of FTEs. An FTEs enrollment for one year is calculated as the total number of credit hours divided by
Tuition and FeesFor the College's budget anticipates no tuition and fees increases for credit-bearing students. The Board of Trustees will act on tuition rates during its April meeting.
Tuition & Related Charges and Other Student Fees represent approximately of the revenue proposed by the County Executive to fund the Current Fund budget.
State FundingThe million of State funding assumed in the County Executive's Recommended budget is the amount provided in the governor's Proposed budget. It is comprised of million in the Current Fund and million in the Workforce Development and Continuing Education (WDCE) enterprise fund. The College allocates State-provided formula funds based on the proportionate share of FTEs enrolled in each category.
Final action by the Maryland General Assembly on the governor's budget, which includes the amount necessary to conform to the mandated John R. Cade funding formula for community colleges, and the Budget Reconciliation and Financing Act will occur later this spring and determine the final State aid provided to the College.
County Supported FundsThe County Executive recommends an appropriation of million in the four County-supported funds (Current, Emergency Plant Maintenance and Repair, Cable Television, and Grants). The County's contribution to these funds for is equal to the level.
Current FundFor the Current Fund, the County Executive is recommending an appropriation of million, an increase of million, or from the million approved in
Emergency Plant Maintenance and Repair Fund The Emergency Plant Maintenance and Repair Fund supports unanticipated expenditures to make emergency repairs not funded elsewhere in the budget. The County Executive recommends the Board's request of in which is equal to the level.
Tax-Supported Grant FundThe Tax-Supported Grant Fund provides for community needs not met elsewhere in the budget. The County Executive recommends the Board's request of in equal to the level, to support the College's adult literacy programs.
Cable TelevisionThe County Executive recommends an appropriation of million for the Cable Television Fund, which provides for production and operation of the College's higher education channel on the County's cable system. The requested amount is or less than the million approved for and would provide instructional programs and public service offerings by the College to the community. Additional detail on the College's cable budget can be found in the Cable Communications Plan section.
Other FundsThe College's Workforce Development and Continuing Education (WDCE) Fund is supported by a combination of student tuition and fees and State reimbursements that are based on the most recent actual FTEs enrollment. The County Executive recognizes the importance of higher education to the economic development of Montgomery County and recommends the Board's request of million for this fund, the same amount as the Approved.
The Auxiliary Enterprises Fund includes the Robert E. Parilla Performing Arts Center, Takoma Park/Silver Spring Cultural Arts Center, MBI (Macklin Business Institute) Café, sports camps, and facility rentals. For the College requests and the County Executive recommends an appropriation of million.
The Grants and Contracts fund includes those revenues received by the College from all sources. The College requests and the County Executive recommends an appropriation of million.
The Major Facilities Reserve Fund supports the operation and maintenance of the College's plant and draws revenue from user fees, other revenue, and interest. The County Executive supports the College's request of a million appropriation for this fund to support the financing costs of The Morris and Gwendolyn Cafritz Foundation Arts Center.