{"id":50620,"date":"2020-07-17T14:27:00","date_gmt":"2020-07-17T19:27:00","guid":{"rendered":"https:\/\/sites.austincc.edu\/newsroom\/?p=50620"},"modified":"2024-11-21T14:29:03","modified_gmt":"2024-11-21T19:29:03","slug":"fy2021-budget-approved-without-cuts-defers-compensation-decisions","status":"publish","type":"post","link":"https:\/\/sites.austincc.edu\/newsroom\/2020\/07\/17\/fy2021-budget-approved-without-cuts-defers-compensation-decisions\/","title":{"rendered":"FY2021 budget approved without cuts, defers compensation decisions"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The Austin Community College District (ACC) Board of Trustees voted to approve the budget for FY2021. The $416 million budget maintains existing operations and currently approved initiatives without making any cuts.<\/p>\n<p class=\"wp-block-paragraph\">&#8220;Our approach at this point is wait and see \u2014 let&#8217;s make sure we can fund all existing operations and give it a few more months until we have the clarity needed to make longer-term decisions or decisions that would impact existing operations, including compensation,&#8221; says Neil Vickers, executive vice president of Finance and Administration.<\/p>\n<p class=\"wp-block-paragraph\">Trustees deferred faculty and staff compensation decisions until the fall or spring, when they expect to revisit the discussion. Full-time faculty will receive a non-compensated one-step increase. Even in a year when raises aren&#8217;t given, a step increase ensures full-time faculty can continue to make progress toward the next faculty title.<\/p>\n<p class=\"wp-block-paragraph\">The budget maintains the $15 collegewide minimum wage and current health insurance rates.<\/p>\n<p class=\"wp-block-paragraph\">The budget includes funding for initiatives approved in prior years, such as:<\/p>\n<ul class=\"wp-block-list\">\n<li>Continued support of the 2014 bond program: Highland Campus Phase 2 is on track to open in spring 2021, and renovations to Rio Grande Campus should be completed by summer 2021. The budget accommodates operating dollars for when the new facilities open.<\/li>\n<li>Continued support of the IT master plan: The first full year of <a href=\"https:\/\/www.austincc.edu\/news\/2019\/12\/acc-board-selects-new-erp-provider\" target=\"_blank\" rel=\"noreferrer noopener\">ERP implementation was approved in December<\/a>.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The college&#8217;s revenue stems from three primary sources: tax dollars, state funding, and tuition and fees. Vickers explained that revenues are a concern because of the potential impacts of COVID-19 to local property values and state funding. In May, trustees voted to keep in-district tuition and fees <a href=\"https:\/\/www.austincc.edu\/news\/2020\/05\/tuition-won%E2%80%99t-increase-7th-consecutive-year-austin-community-college\" target=\"_blank\" rel=\"noreferrer noopener\">unchanged for the seventh consecutive year <\/a>to help keep the cost of an ACC education low.<\/p>\n<p class=\"wp-block-paragraph\">The board will schedule a discussion in September or October as the effects of the Coronavirus become more clear and more information is released to review the college&#8217;s revenue projections and consider any amendments to the FY2021 budget, such as salary increases for employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Austin Community College District (ACC) Board of Trustees voted to approve the budget for FY2021. The $416 million budget maintains existing operations and currently approved initiatives without making any cuts. &#8220;Our approach at this &hellip; <a href=\"https:\/\/sites.austincc.edu\/newsroom\/2020\/07\/17\/fy2021-budget-approved-without-cuts-defers-compensation-decisions\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3930,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,13,15,17,18],"tags":[274,383,3902,2037],"class_list":["post-50620","post","type-post","status-publish","format-standard","hentry","category-business-and-community","category-current-students","category-facstaff-news","category-news-and-announcements","category-official-acc-press-releases","tag-board-of-trustees","tag-budget","tag-coronavirus","tag-covid-19"],"acf":[],"_links":{"self":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/posts\/50620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/users\/3930"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/comments?post=50620"}],"version-history":[{"count":0,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/posts\/50620\/revisions"}],"wp:attachment":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/media?parent=50620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/categories?post=50620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/tags?post=50620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}