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Lake Land College FY15 budget available for public review - Lake Land College, Mattoon Illinois

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Lake Land College FY15 budget available for public review

July 9, 2014
For Immediate Release 

Lake Land College FY15 budget available for public review 

The Lake Land College Board of Trustees tonight placed the proposed fiscal year 2015 budget on file for public inspection until a special board meeting on August 18. 

The tentative budget is available for inspection by the public in the Board Room during normal working summer hours, Monday through Thursday 8 a.m. – 5 p.m. in Webb Hall, room 081 on the Lake Land College campus. 

According to Lake Land College President Josh Bullock, the proposed budget addresses the financial challenges arising from decreased state funding coupled with enrollment declines. 

“With an eye on always doing what is in the best interest of our students I am confident the proposed budget will keep the college on secure financial ground, provide a foundation for future growth and provide a renewed focus on our tradition of engaging minds, and changing lives through the power of learning,” said Bullock. 

The FY2015 operating budget is balanced with estimated income of $37,897,636, and corresponding expenditures of $37,897,636. The FY2015 budget expenditures represent an overall decrease of $424,910 from FY 2014 expenditures. 

To generate savings, the college is strategically reducing expenditures which include savings from replacement of retirees; staff reductions in force and not filling vacant positions; and operational efficiency initiatives, budget reductions and cutbacks in operational contingency funds. 

For more information about Lake Land College, visit www.lakelandcollege.edu. 

 



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