College of DuPage Board of Trustees Approves FY 2019 Budget

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By Jennifer Duda

The College of DuPage Board of Trustees approved the Fiscal Year 2019 budget at its regular meeting on Thursday, June 21, following a scheduled public hearing.

The $354.3 million expenditure budget for the fiscal year, which begins July 1, 2018 and ends June 30, 2019, maintains focus on the institutional priority of student success. The College’s FY 2019 budget includes provisions for several highly significant initiatives. These initiatives include:

  • Implementation of the Guided Pathways student success model, an integrated, institution-wide approach to student success that guides each student effectively from point of entry to the attainment of individually stated goals and objectives.
  • Conversion of space in the Berg Instructional Center from administrative services to academic use.
  • Support for Innovation DuPage, a business incubator and accelerator connecting small businesses with the necessary resources to thrive and stimulate job growth.
  • Completion of the Facilities Master Plan that will serve as the roadmap for construction activities over the next several years.

View the budget and additional financial documents.

"While working through the budget process is arduous, it produces a far healthier institution. It disciplines every stakeholder to reevaluate our priorities, re-justify our resource management and take a fresh look at how to best implement our short and long term goals,” said Board Chairman Deanne Mazzochi. “The budget committee, led by our Vice Chairman Frank Napolitano and our Budget Office deserve our gratitude for balancing the needs of each of our constituencies, while maintaining our high standards in services and educational resources that are synonymous with this college. I am also grateful to see widespread institutional support for our Pathways initiative, which will put intensive resources into enhancing and improving student success and outcomes."

The College’s annual budget is more than 200 pages and is the culmination of six months of work, during which input is solicited from the college community and institutional needs are identified, prioritized and resourced. Committee members meet regularly throughout the process, working with Vice President for Administration and Treasurer (CFO) Brian Caputo and his staff to fine tune the final document, said Vice Chairman Napolitano.

“I want to thank my fellow Budget Committee members for their dedication in finalizing this financial roadmap for the next fiscal year,” he said. “As we’ve done each year, we looked at the big picture for the College, taking into account a number of factors, including state funding and enrollment. I am pleased with the final product and thankful for the hard work from our committee as well as our budget team.”