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NMC Board Approves 2014 NMC Budget (September 27, 2013)

The Northern Marianas College Board of Regents approved the College’s $3.8 million operations budget for FY2014. The source of the College’s operations budget is derived from tuition, fees, and other income generated through the College’s programs and services.

“The College continues to play an increasingly central role in helping residents of the Commonwealth advance toward their educational and professional goals,” said Juan T. Lizama, Chairperson of the NMC Board of Regents. “The budget that was established helps the College to continue its growth in that capacity.”

“The budget plan we approved also helps NMC to maintain the high quality of instruction and student services,” added Lizama. “And because the College’s goals are directly linked to accreditation recommendations, the budget ensures that we continue to prioritize accreditation efforts and focus on meeting accreditation standards.”

“The preparation of the 2014 consolidated budget involved a thorough and exhaustive review of the College’s financial needs,” said Chief Financial Officer Tracy Guerrero. “The College’s Budget and Finance Committee (BAFC) members worked tirelessly in the last few weeks to ensure that expenditures were aligned with the College’s identified goals and priorities.”

According to Guerrero, all the departments at NMC participated in the budget process by undergoing budget hearings and budget reviews.

“Because of the limited resources that we have, we needed to ensure that every dollar we earn was earmarked toward meeting accreditation goals and other college priorities,” said Guerrero.

The NMC operations budget is aligned to the following end goals and priorities, which was approved by the Board last month:

  1. Student Success
      1. Strengthened instruction and services through a systematic evaluation of student learning outcomes (SLOs).
      2. Improved services to residents of Tinian and Rota.
  2. Resource Optimization
      1. Implemented an effective planning process that emphasized accountability and tied resource allocation and initiatives to the concepts of institutional effectiveness.
      2. Provided necessary physical facilities and resources to meet the needs of the College’s programs and constituencies.
      3. Obtained a sufficient number of qualified personnel with full-time responsibility to the institution, and established minimum faculty qualification for all academic instructors.
  3. Information Technology
      1. Secured highly qualified IT personnel and service providers to improve technology support system.
      2. Improved IT planning, utility and decision-making processes through systematic evaluation to meet institutional needs.
      3. Integrated technology to enhance student learning.
  4. Continuous Quality Improvement
      1. Secured Reaffirmation of Accreditation.
      2. Revised the governance structure in order to ensure clarity and effective College operations.
      3. Obtained adequate resources to pursue Capital Improvement Projects / plans.
      4. Implemented procedures in support of new and revised Board policies that impact College operations.
  5. CNMI Workforce Needs
      1. Expanded efforts to partner with business, industry, and government to identify their needs for a skilled and trained workforce.

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