Mar 25, 2013 - By Katie Roenigk, Staff WriterCentral Wyoming College administrators have requested more time to develop next year's budget due to unanticipated losses of funding.
"We thought we had a good budget and were in pretty good shape," Ron Granger, CWC's vice president for administrative services, said Wednesday during a CWC Board of Trustees meeting. "But we're actually in a bit of a deficit we need to try and correct."
Granger said the cuts came down recently from the state and county levels. First, he said, the 6 percent reduction in funding approved during the most recent state legislative session actually amounts to a 6.8 percent cut.
"Because of the way it's calculated, it uses your local funds to consider your local cut," Granger said. "So that was a little more than I expected. I'm learning as I go along."
The "big hit" was related to Fremont County's assessed valuation, however. Granger said property values are down 6.5 percent.
"For us that means (a loss of) $230,000," Granger said. "We just found that out on Monday."
He asked for an extra couple of weeks to "find some money" and solidify CWC's budget for fiscal year 2014 so it is as accurate as possible when he presents it to the board. CWC President Jo Anne McFarland suggested the board move its budget study session, which currently is scheduled for April 10, to May 7.
"In May I'll have better figures," Granger said.
"We'll make sure what the assessed valuation will be (and) expense-wise with utilities we'll be able to predict that better. Same with tuition (revenue)."
He will give the board a budget overview and update during its April 17 meeting.
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