FREDERICK COMMUNITY COLLEGE FY 2023 Approved Operating Budget 5 Projection of Expenditures FY19 FY20 FY21 FY22 FY23 Percent Actual Actual Actuals Budget Budget FY 23 vs. FY22 (budget to budget) Change COMPENSATION Full-Time Faculty, Administrators, Support Staff, CEWD Instructional Specialist 25,405,007 26,591,807 26,281,252 29,148,271 31,520,284 2,372,013 7.5% Clinical/Field Experience Staff 649,320 480,217 738,517 666,629 711,730 45,101 6.3% Fee-Based Employees 40,132 14,675 12,052 40,233 37,000 (3,233) -8.7% Credit Adjunct Faculty 4,142,181 3,802,024 3,338,498 3,924,000 4,300,250 376,250 8.7% CEWD Adjunct Faculty 507,943 459,615 372,143 539,489 453,200 (86,289) -19.0% Coaches 53,153 58,513 62,400 70,598 95,000 24,402 25.7% Student Employment 57,760 64,362 80 120,402 157,357 36,955 23.5% Part-Time Variable Schedule (PTVS), LTE and Stipends 568,703 671,834 373,677 685,271 721,000 35,729 5.0% Extra and Overtime Hours 118,032 245,477 75,143 158,406 120,510 (37,896) -31.4% Opt-Out Health Insurance 405,140 424,659 389,615 482,401 431,759 (50,642) -11.7% TOTAL COMPENSATION 31,947,371 32,813,183 31,643,377 35,835,700 38,548,090 2,712,390 7.0% FRINGE BENEFITS - FICA 2,373,231 2,446,294 2,358,091 2,697,069 2,990,220 293,151 9.8% FCC Tuition waivers for employees 140,518 115,355 94,537 138,325 117,943 (20,382) -17.3% Retirement 2,727,011 2,951,236 2,950,368 3,132,025 2,944,291 (187,734) -6.4% Life Insurance/ADD 110,642 116,434 114,244 118,653 137,874 19,221 13.9% Health Insurance 3,875,479 3,361,742 4,187,516 4,235,580 4,523,632 288,052 6.4% Dental/Vision Insurance 113,093 120,728 119,170 124,756 143,819 19,063 13.3% Long-Term Disability Insurance 88,447 88,614 78,815 94,706 95,117 411 0.4% Tuition Reimbursement 79,651 81,065 77,371 112,000 79,362 (32,638) -41.1% Workers Comp Insurance 93,876 111,171 102,193 121,411 152,037 30,626 20.1% Unemployment 9,634 35,594 88,691 82,500 6,000 (76,500) -1275.0% Leave Expense 59,171 187,447 147,478 187,447 135,960 (51,487) -37.9% Rewards and Recognition 6,000 6,000 6,000 6,000 15,000 9,000 60.0% TOTAL FRINGE BENEFITS 9,676,753 9,621,680 10,324,474 11,050,473 11,341,254 290,781 2.6% FRINGE PERCENTAGE (FRINGE/COMP) 30% 29% 33% 31% 29% -1% -4.8% NON-COMPENSATION COSTS Contracted Services 1,912,858 1,593,085 1,382,565 2,857,256 2,638,502 (218,754) -8.3% Honorariums 29,740 18,801 18,491 35,965 68,675 32,710 47.6% In-Kind County Services (Audit/IT/Appraisal) 378,060 416,477 411,182 446,617 487,961 41,344 8.5% TOTAL CONTRACTED SERVICES 2,320,658 2,028,363 1,812,238 3,339,838 3,195,138 (144,700) -4.5% Supplies and Materials 519,876 445,139 272,916 857,426 572,993 (284,433) -49.6% Course Costs and Program Fees 272,870 255,695 229,451 540,375 348,203 (192,172) -55.2% Vehicle Fuel 14,803 9,778 9,401 29,000 14,000 (15,000) -107.1% Shipping and Postage 81,974 63,022 48,107 91,194 95,011 3,817 4.0% Telecommunications 107,419 105,695 122,954 178,184 94,622 (83,562) -88.3% Professional Conference Fees & Meetings Trave 163,036 73,135 21,269 282,656 224,751 (57,905) -25.8% Professional Licenses, Dues, and Fees 267,732 176,150 177,847 236,955 393,791 156,836 39.8% Internal Meetings with Meals 70,092 51,943 3,750 111,032 101,576 (9,456) -9.3% Travel - Local and Non-local without Accommoda 37,338 95,708 222 84,120 108,390 24,270 22.4% Software and Software Licenses 720,245 796,961 725,469 933,931 971,318 37,387 3.8% Transfers 2,064,414 1,993,192 2,002,184 2,271,319 2,199,952 (71,367) -3.2% Utilities 926,833 731,109 598,644 1,150,000 1,185,000 35,000 3.0% Fixed Charges/Insurance 175,159 238,307 263,012 313,600 388,400 74,800 19.3% Furniture/Equipment 335,727 145,758 157,619 252,100 379,477 127,377 33.6% Computer/IT Equipment 257,927 92,300 116,516 239,470 228,290 (11,180) -4.9% Library Collection 20,537 19,645 14,959 71,714 114,000 42,286 37.1% Tuition Waivers/ Student Aid Expenditures 173,238 232,340 167,188 230,000 230,000 - 0.0% Other 52,295 97,022 132,321 1,633,374 1,739,354 105,980 6.1% SUBTOTAL NON-COMPENSATION 8,582,173 7,651,262 6,876,067 12,846,288 12,584,266 (262,022) -2.1% TOTAL EXPENDITURES 50,206,297 50,086,125 48,843,918 59,732,461 62,473,610 2,741,149 4.4%
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