Welcome!  The college’s budget is a consultative and participative annual process.  The information contained on this web-page is designed to provide a transparent process which clearly identifies the timelines and various opportunities to learn about the budget process and provide input.  The calendar of events is located to the right and a more detailed budget calendar, general communication and budget process links are provided below.  Department level budget processes are not included on this web-page.  Please see your Director or Vice President for department specific events and activities.  If you have any questions or comments regarding the fiscal year 2010 budget development process, please contact Scott Erickson, Chief Financial Officer and Vice President of Finance and Operations via email at scott.erickson@minneapolis.edu or call 612-659-6831.  We look forward to a successful budget cycle and your valued input into the process. 

Dear Colleagues

Executive committee powerpoint

President Davis final decisions

Budget Projections

The college is expecting significant cuts in state appropriation in the upcoming year.  The Governor’s recommendation, while not final, combined with the larger economic crisis, is suggestive of a difficult year upcoming.  The College’s finance staff has compiled a preliminary projection to assist the College begin an early review of various financial scenarios.  The attached list is a financial picture based on these various scenarios.  If you have any questions, or would like to discuss the financial projections, please contact Dee Bernard, Director of Finance via email at dee.bernard@minneapolis.edu or call 612-659-6832. 

FY’10 Budget Scenerios

Budget 101 

The college is providing a number of forums to assist the college community better understand MCTC’s complex budget.  We hope that you can join us to learn about the college budget, the various components of the college budget, and a more detailed discussion of the projections and assumptions which provide the framework for the college’s budget. 

FY'10 Budget Development

Consultation Tools 

Each Department within the College will engage their employees at the department level.  The link below provides a template for which includes the sign-up sheet, types of questions you may like to use to generate discussion, and an example of an exercise to which assists the department define core services for the larger college prioritization process.

Opportunities to Contain Expenses 

We have received a number of responses to our request for cost saving ideas from faculty and staff.  These ideas are currently being reviewed by the College’s administration and finance staff.  Thank-you for offering your ideas for saving money.  For the latest update on these cost saving suggestions and to provide additional suggestions, please see the links below. 

We want to hear your feedback! 

We want to hear your feedback!