Vice presidents from the local community have worked on how to make the needed cuts to keep the school budget stable with the least impact to the college, said John Lau, vice president for business services.
At IVC, academic service will cut about $690,000 by not hiring as many adjunct professors and the budget for summer school has been reduced, but there will still be summer sessions, Lau said. The school will also use money from the lottery to fill the $1 million budget gap.
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Another $200,000 will come from students services, he reported to the board.
Some of the employees’ salaries were able to be charged toward grants, and the school is not filling some of the vacancies in place.
Not filling vacancies is also going to cut expenses from business services, Lau said.
There will be a reduction of services because the department will now be down four people through the end of the year.
“As we decrease, the level of service is going to reduce,” he said.
If the savings don’t materialize from the cuts currently made, the college can go into its reserves by about $200,000.
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