Montcalm Community College receives small increase in funding

By Lonnie Allen • Last Updated 11:30 am on Wednesday, June 13, 2012

SIDNEY — Montcalm Community College will receive an increase from last year’s state appropriations fund.

President Bob Ferrentino announced the news at Tuesday’s Board of Trustees meeting at the college’s Sidney campus.

Ferrentino explained that the state Legislature developed a formula to allocate money to all 28 community colleges.

“The state will increase the base funding by 3 percent to all community colleges,” he said. “Actually we will see a 4.2 percent increase in state appropriated funds from last year.”

The increase helps Montcalm Community College a little, but state funding only comprises 20 percent of the college’s operating budget.

Trustee Patricia Hinrichs questioned Ferrentino about the chances of seeing money this year from the renaissance reimbursement, which has been reduced and cut the last two years from Michigan community colleges.

“We did not receive this money last year,” Ferrentino said. “This year we are expecting $340,000 to $350,000 by the first of October.”

The trustees appeared to be satisfied with the chance of getting the reimbursement. However, the renaissance reimbursement is coming from a different source than usual.

“The money is coming from the state department of treasury,” Ferrentino said. “This is the first time I have heard of this happening.”

About the Author
Follow Us
Rate this Article
VN:R_U [1.9.10_1130]
Rating: 0 (from 0 votes)