Barton Community College’s Dean of Administration Mark Dean said Tuesday that a tax payment of “a couple million” dollars from the Barton County Treasurer’s Office is late.
“We were supposed to get it last week,” Dean said shortly after the Board of Trustees study session got underway at 4 p.m. “We were told it would be here today. It’s not here yet.”
Other than the late payment, Dean’s financial report contained good news. Last year, expecting a downturn in local tax dollars and state aid, the college created a budget that included using $900,000 in reserve funds. This was done rather than raise the mill levy.
At this time, the college has only had to use about $270,000 of its cash.
There is another $2 million in accounts receivable, mostly due to tuition and fees that haven’t been paid yet. While he doesn’t expect to get all of that money back, Dean said it is possible the college could finish the year without using any of its reserves.
The fiscal year ends June 30.