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$925,000 Budget Proposed For College

$925,000 Budget Proposed For College image
Parent Issue
Day
22
Month
May
Year
1965
Copyright
Copyright Protected
Rights Held By
Donated by the Ann Arbor News. © The Ann Arbor News.
OCR Text

The asitenaw Community College Bon stees will : liolcl a public ii' ;inii,u' at 7:30 i p.m. ncxt Thursday on its i posed $925,000 budget which i calis for the collection of the ( Ml 1.25 milis authorized by ( voters last January. c The hearing will be held in 1 room No. 5 of the YM-YWCA. The final -budget will be c adopted at a formal board t ing on June 1. f Lhë; proposed budget for the i ear ending June 30, $ 1966, calis for theraísiñg" 910,000 of the $925,000 íromf current property taxes. Other revenue sources listed are revenue from current deposits, $7,000; grants for library fund, $4,000; interest and penalties from delinquent taxes, and gifts and bequests, each listed as $2,000. Largest item in the proposed expenditures is $400,000 íor transfer to the building and site Eunds for site acquisition and improvements. Salaries totaling $240,710 are listed under sev-- - -=- eral different divisions. These divisions are adult education, $51,320, all for salaries; community college, $206,560 for salaries, library books, office supplies, and equipment; administra! ion, $127,830, for : aries, services, supplies, travel, informalional services; plant, $34,500 (for salaries, contract services, supplies, rent ($15,000), j; plant maintenance; and fixed expenses, $104,790, for i ment, social security, insurance, i tax delinquency reserve and ] rental of data processing equipment. Samuel T. Harmon Jr., chairman of the college board, pointecl out. in a prepared statement that the trustees have already adopted a (resolution authorizing the treasurer to certify the 1.25-mill limit to the assessing officers of the filies I and townshlps. This decisión was reached because the board wished to begin I instruction early, but had nol prospect of receiving revenupp!