Finance & Operations

Finance & Operations

Transparency At A Glance

As a publicly funded institution Monroe County Community College is committed to providing information including financial reports to the public. The following information complies with Sec. 209 in P.A. 86 of 2021, the education omnibus budget bill, which required community colleges to publish a transparency web page and stipulates the content.

Budgeted Fiscal Year 2022-2023 general fund revenue from tuition and fees: $6,439,885

Budgeted Fiscal Year 2022-2023 general fund revenue from state appropriations: $5,832,400

Budgeted Fiscal Year 2022-2023 general fund revenue from property taxes: $14,650,962

Budgeted Fiscal Year 2022-2023 total general fund revenue: $27,126,971

 

Budgeted Fiscal Year 2022-2023 general fund expenditures: $27,126,971

 

FY 2023-2024 General Fund Revenue and Expenditure Projections:

Total general fund revenue (estimated): $26,342,915

Total general fund expenses (estimated): $26,612,149

Project: HVAC Project – Debt Obligation $16,151,962

2022-2023 Principal Payment: $1,056,098.39

2022-2023 Interest Payment: $380,020.12

6/30/2022 Outstanding Principal: $10,962,933

6/30/2023 Outstanding Principal: $9,906,894.61

Higher Education Emergency Relief Fund (HEERF) Reporting

Accreditation Information

Higher Learning Commission

230 South LaSalle Street, Suite 7-500
Chicago, Illinois 60604
Phone: 800.621.7440
http://www.hlcommission.org/ 
Email:  info@hlcommission.org