After a lengthy executive session discussion, the Three Rivers College Board of Trustees focused on financials during its regular monthly meeting on Friday.
According to TRC President Dr. Wesley Payne, as of Jan. 31, or 58 percent through the 2017-18 fiscal year, revenues continue to track behind last year's numbers. However, he added, expenses correspond and are also reduced.
Payne said in looking at the actual budget, the category of tuition and fees has been adjusted to account for students who did not show up at the beginning of the semester, but has not yet been adjusted to account for bad debt.
To date, and without adjusting for unpaid student debt, TRC has accounted for 97 percent of its revenues in tuition and fees at $10,752,308 and still looks to earn $329,710 prior to the end of the fiscal year. Combined, the numbers help the college meet its budgeted figure of $11,082,018.
"Next month, we should get a very clear picture of what we need in tuition and fees to meet that category," Payne said.
All other categories are "well in line" with where they are supposed to be, Payne added.
In a unanimous vote, trustees approved Gallagher Student Health and Special Risk Insurance's bid for both Basic Sports Accident and Catastrophic Sports Accident policies.
The next Three Rivers College Board of Trustees meeting will be held at noon on March 21 in the Tinnin Fine Arts Center Board Room.