Tompkins County
New York

Resolution
2017-104

Approval of the Appropriation of Surplus Funds - Tompkins Cortland Community College

Information

Department:Legislature OfficeSponsors:
Category:FiscalFunctions:Tompkins Cortland Community College

Attachments

  1. Printout

Resolution/Document Body

WHEREAS, the operating budget for Tompkins Cortland Community College for the fiscal year September 1, 2016, through August 31, 2017, was adopted via resolution 2016-117, and

 

              WHEREAS, projected enrollment for 2016-2017 is less than budgeted causing tuition revenues to be lower than planned, and

 

WHEREAS, the College has available surplus totaling $1,369,461 as of May 31, 2017, and

 

WHEREAS, it has been estimated that the College will need $100,000 in surplus funds to replace lost revenue, now therefore be it

 

RESOLVED, on recommendation of the Budget, Capital, and Personnel Committee, That surplus funds in the amount of $100,000 be appropriated to replace lost revenue,

 

RESOLVED, further That certified copies of this resolution be sent to the Cortland County Legislature and the Board of Trustees of Tompkins Cortland Community College, for their approval.

SEQR ACTION:  TYPE II-20