3 FREDERICK COMMUNITY COLLEGE FY 2023 APPROVED BUDGET SUMMARY REVENUES FY 2022 FY 2023 CHANGE %CHANGE DESCRIPTION APPROVED APPROVED TUITION AND FEES Academic $15,788,925 $14,960,368 (828,557) -5% Non-credit 1,585,569 1,585,569 - 0% Total Tuition and Fees 17,374,494 16,545,937 (828,557) -5% STATE AID Formula Aid 13,283,579 16,429,151 3,145,572 19% State Retirement Benefits - In-Kind 2,951,200 2,951,200 - 0% Total State Aid 16,234,779 19,380,351 3,145,572 16% COUNTY REVENUE Cash 21,341,502 22,376,502 1,035,000 5% In-Kind 446,617 487,961 41,344 8% Total County Revenue 21,788,119 22,864,463 1,076,344 5% OTHER INCOME 935,413 776,904 (158,509) -20.0% . SURPLUS 3,399,656 2,905,955 (493,701) -17.0% TOTAL REVENUE $59,732,461 $62,473,610 $2,741,149 4% REVENUE PERCENT OF TOTAL FY 2022 FY 2023 DESCRIPTION APPROVED APPROVED TUITION AND FEES 30% 26% STATE AID 27% 31% COUNTY REVENUE 36% 37% OTHER 7% 6% TOTAL 100% 100% BUDGET BY FUNCTION FUNCTION FY 2022 FY 2022 FY 2023 FY 2022 APPROVED % of Total APPROVED % of Total Instruction $26,440,126 44% $28,059,038 45% Academic Support 1,485,035 3% 1,369,991 2% Student Services 8,495,798 14% 9,090,027 15% Plant Operations 8,044,556 13% 7,256,506 11% Institutional Support 12,883,127 22% 14,268,096 23% Other 2,383,819 4% 2,429,952 4% TOTAL $59,732,461 100% $62,473,610 100%
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