Illinois Valley college moves ahead with own budget now that state has one
With state funding now in place thanks to a budget, the Illinois Valley Community College (IVCC) Board recently approved a tentative budget for 2018, according to a press release.
“What I'm most pleased with is it brings stability and predictability to the picture by providing supplemental funding as we close out last fiscal year – including our commitment to assist MAP-eligible students,” IVCC President Jerry Corcoran said, according to the release. “And although this year’s appropriation is down 10 percent across the board for all colleges and universities, we will plan accordingly based on what we know, versus being left hanging in the surreal world of the unknown, which has been the case for the last 700-plus days.”
The college’s budget includes a 5 percent decrease in both revenues and expenditures from 2017, with expenditures set at $31.85 million. According to the release, IVCC expects to be reimbursed for MAP funding that it fronted to students.
“Our students, faculty, staff and board have all handled this unfortunate problem well, without anyone overreacting to a very difficult situation,” Corcoran said in the release. “Similar to what one of IVCC’s state representatives Bob Pritchard (R-Hinckley) said when commenting on why he voted for the budget, I too believe this is what we needed to turn things around and help stabilize enrollment.”
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815 N Orlando Smith St
Oglesby, IL - 61348