Flint Hills Technical College

INFORMATION REGARDING BOARD AGENDA ITEM

TO:	Board of Trustees
DATE:	6/13/2022
PREPARED & SUBMITTED BY:	Nancy Thompson
SUBJECT:	2022 Budget

EXECUTIVE SUMMARY:

In order to remain compliant with audit guidelines, we are requesting approval to revise the FY22 budget to account for the Maintenance of Effort (MOE) funds expensed during the fiscal year. FHTC had not received notification of the MOE revenue ($619,285) from the State with the original FY22 budget approval. The increased expenses for MOE purchases will likely cause total operating expenditures to go over budget.

	FY 22 Budget Approved		FY 22 Budget Revision
Revenue		7 598 042		8 217 327
Expense		7 596 280		8 215 565
Difference	1,762		1,762

RECOMMENDATION:

Approve the FY22 Budget Revisions.

Board of Trustees Meeting

Meeting Information