ICCC board approves budget estimate
The Iowa Central Community College board of trustees approved a budget estimate for its 2014-15 year Tuesday.
Iowa Central anticipates having $50,360,231 in its general funds, with $50,505,982 in expenditures.
Ninety-two percent of the college’s revenue comes from tuition fees and state general aid, Angie Martin, Iowa Central vice president of business affairs, explained to the board in February, and its greatest expense, at 66 percent, comes from salaries.
The board also amended its 2013-14 budget Tuesday. Its general funds budget was increased from $46,653,000 to $48,069,982.
The increase is due to additional funding through Correction for Life Skills and to offer courses in culinary arts and building trades, additional state funds specified for work-force training and economic development, adult education and literacy, the Pathways for Academic Career and Employment program and anticipated economic development activities, specifically the anticipated sale of 260E bonds.