FREDERICK COMMUNITY COLLEGE FY 2023 Approved Operating Budget 4 Projection of Revenues FY19 FY20 FY21 FY22 FY23 Percent Actual Actual Actuals Budget Budget FY 23 vs. FY22 (budget to budget) Change TUITION/FEES Summer 1,310,379 1,167,897 1,256,232 1,294,709 1,531,522 236,813 15.5% Fall 6,288,629 6,227,842 6,072,090 6,013,081 5,519,077 (494,004) -9.0% January Session 181,586 - - - - - Spring 5,693,965 5,832,579 5,169,855 5,706,521 5,332,403 (374,118) -7.0% TOTAL CREDIT TUITION 13,474,559 13,228,318 12,498,177 13,014,311 12,383,002 (631,309) -5.1% Consolidated Service Fee 2,495,061 2,495,503 2,252,438 2,383,819 2,316,600 (67,219) -2.9% Student Activity Fee 285,300 293,048 253,747 293,048 198,396 (94,652) -47.7% Instr. Material Fee (132) - - - - - Comp. Registration Fee (106) - - - - - Course/Program Fees 66,610 59,222 65,964 67,807 - (67,807) Testing Fees 53,191 39,206 17,462 29,940 62,370 32,430 52.0% Health and Wellness Fee - TOTAL CREDIT FEES 2,899,924 2,886,979 2,589,611 2,774,614 2,577,366 (197,248) -7.7% TOTAL CREDIT TUITION/FEES 16,374,483 16,115,296 15,087,788 15,788,925 14,960,368 (828,557) -5.5% CEWD TUITION/FEES 1,623,666 1,311,829 1,042,327 1,585,569 1,585,569 - 0.0% TOTAL TUITION/FEES 17,998,149 17,427,125 16,130,115 17,374,494 16,545,937 (828,557) -5.0% - STATE REVENUE - State Formula Aid 10,295,437 11,154,005 11,154,005 13,283,579 16,429,151 3,145,572 19.1% State Benefits 2,535,494 2,716,763 2,755,714 2,951,200 2,951,200 - 0.0% Supplemental Grant 116,711 - - - - TOTAL STATE 12,947,642 13,870,768 13,909,719 16,234,779 19,380,351 3,145,572 16.2% - COUNTY REVENUE - Cash 17,376,502 18,441,502 19,841,502 21,341,502 22,376,502 1,035,000 4.6% In-Kind 378,060 416,477 411,182 446,617 487,961 41,344 8.5% TOTAL COUNTY 17,754,562 18,857,979 20,252,684 21,788,119 22,864,463 1,076,344 4.7% - OTHER INCOME - Prior Surplus 5,118,622 (689,008) 1,815,276 3,399,656 2,905,955 (493,701) -17.0% Interest Income 265,328 199,469 25,404 150,000 30,000 (120,000) -400.0% Contracts 635,356 632,557 437,781 356,413 300,000 (56,413) -18.8% Indirect Cost Reimbursement 390,944 414,301 271,040 332,000 201,040 (130,960) -65.1% Other 176,147 239,132 1,603,902 97,000 245,864 148,864 60.5% TOTAL OTHER 6,586,397 796,451 4,153,403 4,335,069 3,682,859 (652,210) -17.7% TOTAL REVENUE 55,286,750 50,952,323 54,445,921 59,732,461 62,473,610 2,741,149 4.4%
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