Skip to main content

FPC Board approves 2011-12 budget

August 16, 2011

On Monday the Frank Phillips College Board of Regents approved the proposed 2011-2012 Institutional Budget. It will represent a decrease of $1,190,315 from the 2010-11 year, due to a decrease in State funding and a level tax rate.
In the proposed upcoming budget, the college is projected to see a 23.9 % decrease in state appropriations that will amount to a reduction of $646,770.
Overall the college is planning for a 9.4% decrease in revenue, giving the college an estimated budget amount of $11,523,316.
To adjust to the smaller amount of revenue, the college budget will see drastic cuts in several areas including a 19% cut in travel, 24.7% in debt service, 39.3% in repairs and maintenance, and a 41.6% cut in capital expenditures.
The only items to see an increase from 2010-11 are ones such as transportation, insurance, postage and freight, and general expenses, along with a 44% increase in taxes and benefits.
During Monday’s meeting, the FPC Board of Regents approved the intent to set the tax rate at $.22 per $100 valuation for 2011-2012. This marks the tenth consecutive year the FPC proposed tax rate will remain at the capped $.22 rate.
In 2010-11, the college collected $1,895,510 in taxes and is proposing a collection of $1,789,676 for the upcoming year.

The Borger Lady Bulldogs faced some tough competition this past weekend in Argyle winning one of...
The Bulldogs opened their 2015 season Friday night here in Borger. See results in this weekend'...
Borger, Sanford-Fritch, and West Texas all open up their 2015 football seasons Friday night at home...

 

Classified Ads

Premium Drupal Themes by Adaptivethemes