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The Carl Sandburg College Board of Trustees adopted the institution’s budget for fiscal year 2023 during its regular monthly meeting June 27 on the Main Campus in Galesburg.
The new budget includes revenues and transfers of $30.4 million — up from $28 million for FY22 — and expenditures of $29.5 million net of building construction costs. That figure is up from $27.9 million for FY22. The budget includes $6.8 million in the College’s Building Bonds Fund to go toward the upcoming construction of the new Science and Technology Center and other campus construction projects. The College’s 2023 fiscal year began July 1.
“Overall, the College remains financially healthy with revenues projected over expenses for the next five years,” Vice President of Administrative Services and CFO Cory Gall said.
Trustees also accepted the funds of two external grants. The College received $221,477 in federal Perkins funding that will be used to support Sandburg’s career and technical education areas in work-based learning; career exploration, development and guidance; special populations students; early college credit; enhanced curriculum and instruction; recruitment, retention and professional development; and the development of programs of study.
Additionally, the Board accepted a $6,000 adult literacy grant from the Dollar General Literacy Foundation to provide adult learners with beginning- and intermediate-level English Language Acquisition courses. Funds will be used to support the online course format, purchase instructional supplies and reduce the course cost for students.
A bid of $56,985 from Detroit Machine Tools was approved for the purchase of five MI-1440 lathes, five MI-329 stands, five MI-409 stands and five MI-409MZ mills to replace the lathes and mills used in the industrial maintenance, welding and CNC programs.
“Acquiring these new machines in addition to securing this Perkins funding will go a long way toward helping our students gain the skills and instruction they need to be successful at Sandburg and be prepared to enter the workforce once they graduate,” said Ellen Burns, dean of career and technical education. “Equipping our students with quality equipment and materials better serves them and the needs of our district.”
Trustees authorized the approval of amendments to the College’s professional services agreement with River City Construction for preconstruction fees related to projects for humidity remediation in the Fitness Center, the relocation of the automotive technology program and the construction of the Science and Technology Center.
The Board also approved the interest transfers of $251,000 from the College’s Strategic Technology Endowment Fund (STEF) and $58,500 from the Sandburg Initiates LifeChanging Opportunities (SILO) Fund as well as no more than $138,300 from the Working Cash Fund Interest into the FY23 budget.
The Board approved the addition of no more than $137,700 in Operations and Maintenance funds to complete a Capital Development Board project for HVAC updates to Building G and Building B on the Main Campus. The project is scheduled to be completed this fall.
In other business, the Board approved the following:
The Board’s next scheduled meeting is 7 p.m. July 28 on the Main Campus in Galesburg.
***Courtesy of Carl Sandburg College***