The elected Colorado Mountain College Board of Trustees and the CMC Foundation Board held their annual joint boards meeting at the college’s campus in Breckenridge May 15-16, 2017.
They held a capital planning work session, to discuss remodeling and construction projects the trustees have been considering, as well as to hear about the potential for a philanthropic capital campaign. The two boards also approved a memorandum of understanding that sets how the boards work together.
The board of trustees held its first budget hearing for the college’s 2017-18 fiscal year, with a total budget of $65.55 million, which is 1.6 percent less than the current year’s budget. The second hearing and vote on passage of the budget will be at the board’s next meeting, to be held June 23 at the college’s central administrative office in downtown Glenwood Springs.
By May 22, the draft 2017-18 budget for Colorado Mountain College will be available for viewing at any CMC location, or by going to the college’s website.
On its consent agenda, trustees unanimously:
- Approved a 2017-18 board of trustees’ operating budget of $64,297
- Received fall sabbatical reports
- Accepted 3rd quarter financial reports.
The trustees voted unanimously to adjust its existing policy 1.2 about procedures for annexation into the college district, to comply with recent changes in state law.
The board received information about ongoing remodeling of residence halls in Leadville, Spring Valley and Steamboat Springs, in the second year of a multi-year plan to update one wing per campus each summer. Trustees approved expenditures for the three residence halls combined not to exceed $954,460.
Trustees also approved the continuation of a pilot program for a campus textbook fee at the Steamboat Springs campus until spring of 2018. This pilot program was started at that campus in the fall of 2017, but the pilot was impacted partway through the year due to a change in vendor.