NH’s Community Colleges: Overview of Tuition and Plans for Financial Resource Allocation and Shared Services Accounting

NH’s Community Colleges: Overview of Tuition and Plans for Financial Resource Allocation and Shared Services Accounting

The purpose of this document is to outline changes the Community College System of New Hampshire (CCSNH) is making in three key areas: tuition, internal allocation of state funding, and shared services between the seven community colleges. These three areas are key to our ongoing work on financial sustainability and reflect strategic priorities directed by the CCSNH Board of Trustees. 
 
How much revenue our colleges raise from tuition, how the state appropriation is allocated within our system to the seven colleges, and the ways we seek and fund efficiencies through shared and centralized services, are interdependent components of CCSNH’s fiscal capacity. 
 
Changes to Academic Year (AY) 2017-18 tuition rate, as well as to the allocation of the state appropriation within CCSNH, and to our shared expenses model are all part of a comprehensive recommendation that supports broader work towards financial sustainability. Most importantly, these changes support the CCSNH mission of student access and success. Taken together, these changes allow for a sustainable financial “bottom-line” that allows us to best support students and the state, as expressed in our 65 by 25 vision. These changes will also bring greater clarity, internal fairness, transparency and methodological soundness to CCSNH.
Authors:
Ross Gittell, CCSNH Chancellor
Charles Ansell, CCSNH Vice Chancellor of Finance and Strategic Planning
Shannon Reid, CCSNH Director of Communications