Mid Michigan College Board of Trustees Resolution - Local Strategic Value
General Fund Budget
FY 2020-2021 Projection
Total estimated general fund revenue: $27,100,000
Total estimated general fund expenditures: $27,100,000
Estimated Cost Resulting From the
Affordable Care Act
The College estimated that it will cost $9,500 in FY 2018-2019 to pay for the required expenses resulting from the Public Law 111-148, as amended by the health care and education reconciliation act of 2010, Public Law 111-152. This estimate excludes any additional administrative cost of compliance and assumes that no additional participants will be required to be covered under our employee health insurance plan.
Mid Michigan College has decided that it will implement the new federal regulations for procurement on July 1, 2018, the start of fiscal year 2019. The regulations—known as Uniform Guidance— were issued by the U.S. Office of Management and Budget (OMB). For this fiscal year, 2018, we will continue to follow our current procurement practices and also continue to follow the guidance outlined in the former OMB procurement regulations.
Use and Finance Bi-Annual Form
Dual Enrollment Annual Report
Summary of Benefits
Activities Classification Structure Manual for Mid Michigan College
- Categorizing all institutional general fund expenditures made by the community college within a fiscal year (ACS Table 27)
- Institutional general fund expenditure amounts categorized both by each academic unit (ACS Table 39), administrative unit (ACS Table 27), or external initiative within the community college
- Major expenditures category, including faculty and staff salaries and fringes (ACS Table 36), facility related costs (ACS Tables 27, 37, 38), supplies and equipment (audited financial statements supplemental information), contracts, and transfer to and from other community college funds (audited financial statements supplemental information)