Weatherford College board of trustees discussed the 2019-20 budget at their meeting on Thursday afternoon.
The proposed budget is balanced at about $58.35 million for revenues and expenditures, Executive Vice President for Financial and Administrative Affairs Andra Cantrell said, which is an about $2.34 million increase from last year’s amended budget.
“In the budget that I’ve presented today, it is a balanced budget but we have not put an increase into either the Parker County ad valorem property taxes or the Wise County branch maintenance tax revenue until we receive the certified value and we know exactly where we’re receiving and the board has an opportunity to review what the tax rate will be for the coming year,” Cantrell said.
The certified values are expected to be available no later than July 25, Cantrell said.
After being increased in March, tuition and fees revenue is expected to rise by $984,309. State appropriations are projected to increase by $597,713 for each year of the 2020-21 biennium, Cantrell said.
For expenditures, the proposed budget accounts for a 4 percent salary raise for all full-time employees which costs $682,710, Cantell said.
An 8 percent salary increase for adjunct and overload faculty is also being proposed, according to board documents.
Technology services is budgeting for $927,000 to continue implementing the new Enterprise Resource Planning (ERP) system, Cantrell said. Deferred maintenance items have increased the major repairs and renovations budget by $400,000.
Trustees also approved Board Secretary/Treasurer Lela Morris as the liaison for the WC Foundation Board of Directors after trustee Judy McAnally requested a replacement.
WC President Tod Farmer said a few words for former trustee Roger Grizzard, who died on May 25. Flowers were placed in his spot on the board and a short ceremony for Grizzard took place before the board meeting.
“As a trustee, Roger was not only my boss, he was also my friend, and I will dearly miss him,” Farmer said.
Grizzard died on May 25 in Lubbock as a result of a car crash.
A funeral service will be held Saturday at 3:30 p.m. in the Durant Auditorium at Weatherford High School and will be live-streamed on Facebook for those who can’t attend.
Trustees also heard reports on the vet tech program and graduation figures.
The next regular WC board meeting is July 11.