IVCCD Board approves FY18 estimated budget
Friday / February 10, 2017
The Iowa Valley Community College District (IVCCD) Board of Directors approved a budget estimate for 2017-2018 which includes a reduction in local property tax askings when it met this week in Marshalltown.
Kathy Pink, IVCCD Vice Chancellor of Finance/CFO, reviewed the FY18 budget estimate and explained variances from the FY17 estimated budget. One of the large variances is due to IVCCD requesting less in property tax levies because its General Obligation Bond issuances of 2007, 2008, and 2009 are reaching maturity so the principal and interest payments are reduced. Currently local taxpayers pay $1.74505 per $1,000 assessed valuation for IVCCD levies; next year that goes down by nearly 38 cents to $1.36842 per $1,000 assessed valuation. This marks the 8th consecutive year that the District’s local property tax asking has been decreased.
The estimated budget will be filed and legal notices published, and a public hearing is set for Mar. 8 at 4 pm in the IVCCD District Administration Board Room to approve the FY18 estimated budget.
A contract with ByWater Solutions LLC for a new integrated library system was approved by the Board for both the Marshalltown Community College and Ellsworth Community College libraries. The new system will allow library patrons to search on campus and online resources, and saves the District approximately $3,000 over the SIRSI system that has been in place for the past five years. IVCCD Chancellor Dr. Chris Duree thanked Library Services Managers Joanna Primus (MCC) and Sandra Greufe (ECC) for their research on various system improvements to benefit students.
In other matters, the Board approved: an early retirement application for Jack Aker, MCC Industrial Maintenance Faculty; a contract with the Iowa Department of Transportation to reimburse IVCCD $6,120 for maintenance, mowing and snow removal of 3.06 miles of DOT roadways around the Marshalltown campus; a two-year lease agreement with D&T Thompson Farms (Steve Thompson of Kellogg) to rent 100.3 acres of farmland adjacent to MCC for $312.06 per acre ($31,299.62 annually); revisions to the 2017-18 Board of Directors Annual Calendar; and an updated organizational chart.
Lara Thoms, Marshalltown Community College I-HUM Grant & Career Services Coordinator, gave a presentation about Career Coach, a website with online resources that uses real-time labor market data to help students explore careers. She said there are more than 90 data sources that are updated quarterly by Career Coach, with the goal of helping students connect college programs to more than 800 careers. Users benefit from the website’s analytics, including employment and earning information, job postings, a resume building tool, and a career assessment tool. Thoms said 1,228 students have used the Career Coach website during the past 12 months.
The next regular meeting of the IVCCD Board will be Wednesday, Mar. 8, at 4 pm in Marshalltown.