On May 20, the Colorado Mountain College (CMC) Board of Trustees held its first hearing on the FY 2020-21 budget. Due to COVID-19 concerns, and state and local public health orders, the meeting was held virtually, via Zoom.
As presented by staff, the projected budget of $73.9 million reflects an expected 1.96 percent decrease in revenues compared to the current year. Included in the budget was a 1.25 percent cost-of-living increase for employees.
In June, a summary presentation of the budget will be made, including the most up-to-date allocations from the state. The draft budget is available at coloradomnt.edu
Trustees also voted to take action to support a proposal for the possible concurrent resolution in the Colorado Senate. The Colorado Department of Local Affairs (DOLA) anticipates that special districts, such as CMC, may likely experience further negative effects from the Gallagher Amendment in 2021 and into the future which prompted this as a topic of discussion. The board unanimously voted to support a proposal under consideration by the Colorado Legislature to refer the measure to the ballot in November that would strike several Gallagher-related provisions from the state constitution that have recently resulted in revenue reductions to local services, especially those in rural communities.
Trustees unanimously voted in favor of a $1/year lease with the Mountain Board of Cooperative Education Services (BOCES) for the CMC building in Buena Vista, the second of three actions required for long-term lease agreements by CMC board policies. BOCES is a nonprofit regional education collaborative that represents four P-12 school districts including Leadville, Buena Vista, Fairplay, and Salida. BOCES would use the building for administrative offices and educational purposes. In June, it is anticipated that the trustees will take a third and final vote on the lease agreement.
Dave Armstrong, a recently appointed liaison to the board from the Salida area, was also welcomed to his first board meeting.
- Approved the FY 2020-21 budget for board operations
- Accepted third quarter financials for FY 2019-20
- Approved an amendment to the license agreement for Commnet Four Corners LLC
- Approved an Xcel Energy utility easement on the grounds of the Breckenridge campus
- Performed their annual performance review of the president, which included adding a one-year contract extension through 2023-24.