Kent Munsterman

Board of Trustees of Community College District No. 502 Counties of DuPage, Cook and Will State of Illinois Budget Committee Meeting

The committee reviewed the FY2018 budget process, including the budget calendar and high-level financial trends. Discussions focused on anticipated revenue figures, the impact of enrollment declines, funding shortfalls from the State, wage assumptions, and fund reserves. Four distinct budget scenarios were presented, outlining various approaches to tuition, enrollment projections, levy amounts, wage increases, and reserve draw-downs.

Extracted from official board minutes, strategic plans, and video transcripts.