The Vance-Granville Community College Board of Trustees adopted a budget of $32,324,089 for the new fiscal year at its bi-monthly meeting on Monday, Sept. 18, on the college’s Main Campus.
The trustees approved VGCC’s budget resolution for Fiscal Year 2017-2018 on a recommendation from the Budget Committee of the board, chaired by Trustee Abdul Sm Rasheed.
On the Current Expense side of the budget, $19,552,255 comes from the State of North Carolina, $2,578,292 from the four counties served by the college, and $9,652,832 from institutional funds. In the Capital Outlay budget, $35,649 comes from the State, $502,442 from the counties, and $2,619 from institutional funds.
At the county level, Vance County is contributing $1,151,597 to the current operating funds; Granville, $752,184; Franklin, $369,168; and Warren, $225,625, with an additional $79,718 coming from institutional funds. Among capital improvement funds from the counties, Vance is contributing $41,220; Granville, $28,740; Franklin, $20,000; and Warren, $6,000. The county capital improvement funds also include one-time funding of $304,831 and a Main Campus fund balance of $101,651.
The 2017-2018 budget is allocated as follows: institutional support: $5,195,362; curriculum instruction: $10,001,433; continuing education: $2,690,176; academic support: $1,299,114; student support: $2,074,683; plant operations and maintenance: $2,015,066; proprietary/other: $2,499,903; student aid: $5,215,433; capital outlay, excluding capital improvements: $792,209; and capital improvement projects: $540,710.
Among institutional budget highlights, Steve Graham, VGCC’s vice president of finance and operations, noted that 47 VanGuarantee Scholarships were awarded in the total amount of $50,514 to qualified students during the 2016-2017 academic year, with a similar amount budgeted for the new year. The VanGuarantee program was made possible by a bequest from the estate of Wilbert Edwards of Oxford, with the aim of ensuring that every student residing in Vance, Granville, Franklin and Warren counties, who wants to earn a college degree, will be able to do so. This scholarship program guarantees that student financial need, that is unmet by federal financial aid and other support, will be covered.
In other action:
- The board’s Building Committee noted that the roof replacement project for Building 6 on Main Campus has been completed, and repairs to the parking lots at South Campus are done. The committee is preparing for future projects, including exterior masonry repairs and renovations and the replacement of heating and air systems and fire alarm systems at the Main Campus, and renovation of the Welding Technology lab at Franklin Campus, among various other capital needs.
- The Curriculum Committee, chaired by Trustee Barbara Cates Harris, presented new appointments to the Advisory Committees for college programs for the 2017-2018 academic year.
- Trustee L. Opie Frazier, Jr., chair of the board’s Investment Committee, reported the college’s investments have grown by 7 percent since the beginning of the calendar year.
- Trustee Sara Wester, chair of the board’s Personnel Committee, provided an informational report on new employees, retirements, resignations and changes in positions.
- In her report to the board, Dr. Stelfanie Williams, VGCC’s president, highlighted recent accomplishments and opportunities at the college.
Presiding over the meeting was Board of Trustees Chair Danny Wright.
The Board of Trustees will hold its next regular meeting on Nov. 20 at the Main Campus.
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