Exhibit 6-1 shows the Resource Management organization. The college receives funds from a variety of sources to pay for goods and services. Exhibit 6-2 provides an overview of the college's revenues for fiscal 1998. Unrestricted funds are funds received by the college that have no limitation or stipulations by external agencies or donors. Auxiliary Enterprise funds are used for activities that serve students, faculty, or staff.
Examples are food services, bookstores, intercollegiate athletics, and college parking.
Restricted funds are available but have restrictions from outside agencies or persons. The college's largest funding source is state appropriations. State support is distributed using a funding formula that is intended to pay the cost of administrative and instructional expenses. A detailed cost study is performed each year to determine the administrative and instructional formula base. The median cost of academic programs at local community colleges statewide is used as the basis for the formula rate recommendations.