HARFORD COMMUNITY COLLEGE
Board of Trustees Work Session
April 24, 2015
The Board of Trustees of Harford Community College met on Friday, April 24, 2014, at
9:00 a.m. in the Chesapeake Center Board Room.
Trustees present: Mrs. Doris Carey; Mr. John F. Haggerty; Rev. Cordell E. Hunter, Sr.;
Mr. Bryan E. Kelly; Dr. James W. McCauley (arrived at 9:05 a.m.); Mr. Richard D.
Norling; Dr. James J. Valdes; and, Dr. Dennis Golladay as Secretary-Treasurer
Trustees absent: Mrs. Jan P. Stinchcomb and Mr. Bradley Stover
Staff present: D. Cruise, A. Haggray, R. Johnson, B. Morrison, S. Phillips, and C. Sherman
Call to Order. J. Valdes called the work session to order.
Roll Call. Carol Sherman called the roll; quorum was present.
FY 2016 Budget.
Monthly Financial Statements. The FY 2015 statement of revenues and expenditures for the
period ended March 31, 2015 and comparative information for the period ending March 31, 2014
was discussed. Variances are positive. Original projection for FY 2015 was a deficit of $2.45 to
be funded from the fund balance. As of the third quarter, projection is the deficit will be
significantly lower due to cost savings primarily from salary savings, i.e., fewer adjuncts needed,
retirement incentive, etc.
Auxiliary Accounts. Reports on auxiliary accounts by enterprise as of March 31, 2015 were also
reviewed. Auxiliary enterprises include food service, bookstore, cultural affairs, Harford Sports
Complex, WHFC, Prospect Mill property, APGFCU Arena, and the early learning center.
FY 2016 Operating Budget. FY 2016 proposed budget was discussed and changes from the
budget introduced in December were reviewed. The FY 2016 budget is 3.07% less than the
FY 2015 budget.
Revenue assumptions were noted:
 2% increase in county funding
 $170,109 decrease in state funding compared to the original FY 2015 budget
 .5% increase in noncredit revenue compared to the FY 2015 budget
 2% decline in billable in-county credit hours
 Flat out-of-county and out-of-state billable credit hours
 $12 per credit hour increase in tuition
 Minimal growth of cash balances due to interest rates continuing at historic lows
 A balanced budget with no transfers-in
Board of Trustees Work Session
04/24/15
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The FY 2016 budget includes no salary increase. A proposal for a one-time monetary recognition
for employees to be paid in FY 2015 may be presented to the Board in June. Other discussion
followed on staffing, workloads, and processes. Technology tools to streamline processes were
also noted.
The budget modeling tool was reviewed and trustees were encouraged to use the tool to examine
scenarios for future budget years, particularly with regard to tuition increases.
Capital Projects. Edgewood Hall project funding was reviewed. State funds for construction are
included in the FY 2016 capital budget. To keep the project on track, the College may
forward-fund using College reserves; letter from the County Executive is on file indicating
County support in FY 2017.
College staff will meet with the County Executive and County Director of Administration
regarding options for the proposed workforce development center.
Motion was made by B. Kelly, seconded by J. McCauley and the work session adjourned at
10:45 a.m.
____________________________________
Dennis Golladay
Secretary-Treasurer
____________________________________
James J. Valdes
Chair