CGCC CFO Releases Final Deficit Estimate For 2015-16

Columbia Gorge Community College Chief Financial Officer Will Norris has put the final estimate of the structural deficit for the school for the 2015-16 fiscal year at just under two million dollars.  In a letter to the school’s faculty and staff…Norris says the revenue forecast anticipates flat tuition, level enrollment, and what he terms a “less than adequate” increase to the state-wide Community College Support Fund.  Norris pointed out in a follow-up that dropping enrollment with an improved economy is a driving factor in the deficit.  It does not include savings from current vacancies or other materials and services cuts, with decisions on making those reductions permanent to take place as the budget is built over the rest of the month.  A voluntary resignation incentive program began at CGCC in January, and an initial reduction in force is now underway.  Norris noted in the letter a balanced budget will be presented to the school’s budget committee for review.  He also says that when a $400,000 set aside for contingencies is factored in, budget reductions and new revenue must equal $2,400,000 to balance the budget without further accessing reserves.

Adblock Detected

We have detected that you are using an adblock in your browser’s plugin to disable advertising from loading on our website.

Your Experience is very important to us, and your Ad Blocker enabled will cause our site not to perform as expected.  Turn off the Ad Blocker or add our site to your exceptions.  After you turn off or add exception please refresh the site or click ok.

Please note: Clicking OK below will NOT disable your ad blocker. You will need to make that change within the ad blocker's settings.