Page 38 - 2019-20 CAFR

Rogue Community College

Fiscal Year Ended June 30, 2020

The effects of the pandemic on state funding is still unknown. In May 2020, the state was anticipating

reducing state funding for community colleges by as much as 20% starting in 2020/21. The September

2020 State of Oregon forecast shows the General Fund is in good shape for the current biennium, with

additional revenues available for 2021-23. However, the economic pain of the pandemic has yet to be fully

reflected in Oregon’s revenue data. As of October, we are forecasting a reduction in state funding for
community colleges of 3.5% for the 2021-23 biennium.
Although our district was significantly affected by the wildfires, with a significant loss of homes and

business, property tax income for 2020/21 will not be significantly impacted. The assessed values of these

homes and businesses approximate 1% of our overall tax levy. We do anticipate a slight increase in tax

revenue in the coming years as homes and businesses are replaced.

As we grapple with the challenges brought by COVID-19, we must continue to focus on determining the
optimal balance of revenue, expenditure and program and service levels, so we do not compromise the

quality of our institution.
Requests for Information

This financial report is designed to provide a general overview of Rogue Community College’s finances.
Questions concerning any of the information provided in this report or requests for additional financial

information should be addressed to:
Rogue Community College
Budget and Financial Services
3345 Redwood Highway
Grants Pass, OR 97527

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