$30-million CWC budget okayed; Over $1.4-million available for scholarships
(Riverton, Wyo.) – Central Wyoming College Trustees Wednesday approved on first reading a preliminary budget for 2017-18 of $30,673,570. The preliminary budget is nearly six percent, or $2 million less that the current college budget ($1,911,457). Wednesday’s budget approval included the college’s Fiscal Year 2018 salary schedules and CWC’s approved new positions/position changes documents.
The preliminary budget was discussed by the trustees at a May 3rd work session. Final adoption of the budget will occur at the trustee’s July meeting.
Vice President for Administrative Services Willie Noseep reported that the proposed budget “meets board policies for Financial Planning and Budgeting.” President Brad Tyndall agreed with that assessment and recommended approval of the document.
Noseep said his office would made final adjustments to the budget as the current fiscal year is closed out and those updates will be presented with a final budget in July.
Included in the budget is $857,570 set aside for the college’s scholarship package. Vice President for Student Affairs Coralina Daly said “all of the funding will be used to support students in covering the costs of attending Central Wyoming College.” She also noted that the 2017-18 amount “is a $60,000 increase from the current year, primarily to reflect elevated use of our guaranteed scholarship.”
The CWC Foundation also expects to support scholarships with $530,160 and the Rustler Booster Club hopes to provide approximately $70,000 in athletic scholarship support, Daly said. “This totals $1,457,730 for scholarship funding.”