News and Events
MHC Board approves 2017-18 budget
June 27, 2017
The Medicine Hat College (MHC) Board of Governors has approved the college budget for 2017-18 which will come into effect July 1. Highlights of the budget include new faculty and staff positions and an ongoing commitment to enterprise resource planning in efforts to improve efficiencies across the organization.
Wayne Resch, vice president of administration and finance, explains that the college budget planning process is collaborative and involves all units across the institution. “Post-secondary institutions in Alberta, including Medicine Hat College, are mandated by the government to pass and stick to a balanced annual budget. Our job is to do the most that we can with the resources at our disposal.”
Salaries and benefits are, as always, the largest expense category for MHC. The college prides itself on a reputation of quality and personalized service and the staff and faculty of the college are essential to maintaining that service. Increased resources for staffing this year will include academic writing support, instruction within the criminal justice program, IT resources, a chair position in the Division of Science and Health, a teaching fellowship in the Centre for Innovation and Teaching (CITE) and other contracts to the equivalent of almost four and a half full-time positions.
Across Alberta, post-secondary institutions receive revenues through two major sources: tuition and provincial grants. “Medicine Hat College is receiving a 2.1% increase in base funding from the government this year,” says MHC president and CEO Denise Henning. “The Alberta Government promised us stable and predictable funding and we appreciate them following through in these tough economic time.”
As a result of steady levels of grant funding and a continued tuition freeze, the college looks to other ways to free up funds for programming and improvements. Fundraising becomes a critical part of an institution’s ability to provide an optimum experience for students. Without private donations, grants and partnerships, there would be little flexibility to adapt and tailor college operations to meet the needs of students and the region.
As MHC looks to the future, continued fiscal responsibility and commitment to the student experience remain at the forefront of college operations.