EXPENSES
Expenses by Type
The expenses projected for FY22 show a large increase from the previous year of 13% this is primarily due to increases in operational expenses that were suspended due to the restrictions from the pandemic. The increase from FY20 is 9%. The highest expense category is tied directly to staffing costs which is estimated to be 70% of the budget. $229,343
Faculty (23.22%)
Staff (25.04%)
Student/Temp (4.84%) Goods & Services (30.02%)
Bene ts (16.89%)
Total Operating Expenses per Student The cost per student has steadily increased due to the increase in Faculty/Staff FTE over time in addition to cost of living adjustments and the impact of health care benefits over the past few years. The expenses per student is increasing due to the increase in costs along with the decline enrollment.
20k
10k
0
FY19
FY20
FY21
FY22
Cost Per Student
Full-Time Equivalent (FTE) Trend
During our previous fiscal year our FTE for employees showed a significant decline of 10% from the previous quarter. This is the primary reason we saw a decline in expenses in FY21. We anticipate filling some of our
Faculty
Classi ed
vacant FTE in order to maintain operations.
Exempt
0
100 200 300 400 500 600
Spring 17 Spring 18 Spring 19 Spring 20 Spring 21
Total Operating Expenses
229,343
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