St. Petersburg College Financial Health Flourishes Amid Challenges

In a recent meeting of the St. Petersburg College Board of Trustees, detailed presentations underscored the college’s strong financial outcomes. The college’s net position increased substantially, with notable improvements in cash flow and reduction of overall debt. A focus on student success and well-being was evident, with reports on enrollment trends, student success rates, and faculty concerns over compensation and respect. Recognitions were given for individual contributions and partnerships with UK colleges, while public comments highlighted the need for empathy and fairness within the college community.

This increase was attributed primarily to state recovery funding allocated for deferred maintenance and changes to the college’s net pension liability. The college also managed to lower its debt by $3.9 million. Moreover, there was a positive trend in operating cash, with cash and cash equivalents totaling $58.9 million. The fund balances for various services showed healthy growth. These results were a collective effort, with gratitude expressed to the board, college leadership, and the community.

In addition to the overall financial health, the executive director of Grants reported the complete expenditure of $96 million from the Higher Education Emergency Fund. The allocation of these funds included 46% for student aid, which directly supported the student body, and 12% for technological enhancements, with another 10% for safety and personal protection equipment. This responsible management of emergency funds was met with appreciation from the board. Future financial planning was also a topic of discussion, with emphasis on strategic planning, budget development, and the wise use of reserve funds for one-time expenses.

Amid financial discussions, faculty concerns about compensation and workplace respect took center stage, as several faculty members voiced their experiences and challenges. They detailed the demands of their workload, including teaching, grading, and professional development, and expressed frustration over compensation that failed to match these efforts or keep pace with inflation and living costs. They sought fair compensation for their service and a return to civility and respect within the college, referencing offensive remarks made during bargaining sessions. The faculty’s call for action underlined the importance of a supportive work environment and respect for their role in the college and the community.

Advertisement

Dr. Connor and Dr. Matthew Leo trro reported on the successes of the fall and winter terms, with the college exceeding an 80% success rate in the fall term. The college’s focus on tracking student completions, job placements, and continuing education was evident in the discussions. Plans for incorporating advanced technology to support live online classes, piloting peer mentoring programs, and strengthening local school partnerships were part of the strategic efforts to bolster student success.

Student testimonials from Angel Torres and Gabriel Munoz reflected gratitude and a newfound understanding of the legislative process. The board members lauded the students for their active participation and positive reflections on their experiences.

Enrollment trends were another focal point, with Dr. Connor presenting encouraging statistics. The college achieved 103.1% of its budgeted tuition goal, with a 4.2% increase in spring enrollment over the previous year. The rise in full-time student enrollment was particularly noteworthy. Recruitment strategies and communication plans were dissected, revealing a multi-faceted approach to engaging prospective students. The launch of career-based webinars and a new application were among the initiatives to enhance student services and support.

Advertisement

Recognition of individual and institutional contributions included the retirement of Mary Bomo, a long-serving curriculum designer, whose work with the Emergency Medical Services and the Center for Public Safety Innovation was celebrated. Further, guests from UK colleges, Tony Medhurst and Jillian Morgan, shared their observations on the educational systems of the US and UK, emphasizing the transformative power of education.

Note: This meeting summary was generated by AI, which can occasionally misspell names, misattribute actions, and state inaccuracies. This summary is intended to be a starting point and you should review the meeting record linked above before acting on anything you read. If we got something wrong, let us know. We’re working every day to improve our process in pursuit of universal local government transparency.

President:
Dr. Tonjua Williams
College Board of Trustees Officials:
Jason Butts, Deveron M. Gibbons, Katherine E. Cole, Thomas Kidwell, Rebecca Turner (Executive Admin. Services Specialist/Board Clerk)

Receive debriefs about local meetings in your inbox weekly:

Trending meetings
across the country:

Meeting Date
Filter by bodytypes
Agricultural Advisory Committee
Airport Advisory Board
Art and Culture Board
Beach Committee
Bike and Pedestrian Advisory Committee
Board of Elections
Board of Health
Borough Council
Building Committee
Cannabis Control Board
Cemetery Commission
Charter Revision Commission
Child and Family Services Board
City Council
City Identity Committee
Code Enforcement Board
College Board of Trustees
Community Appearance Board
Community Preservation Committee
Community Redevelopment Agency
County Council
Disability Advisory Committee
Economic Development Board
Elderly Affairs Board
Electric Advisory Board
Environmental Commission
Financial Oversight Board
Historic Preservation Commission
Housing Authority
Human Relations Committee
Insurance Fund
Land Use Board
Library Board
Licensing Board
Mental Health Commission
Municipal Alliance
Open Space Commission
Oversight and Review Committee
Parking Authority
Parks and Gardens Commission
Parks Commission
Pension Board
Planning Board
Planning Board,Zoning Board
Police Review Board
Property Assessment Board
Public Safety Committee
Recreation Commission
Redevelopment Agency
Rent Leveling Board
School Board
Sewerage Authority
Shade Tree Commission
Special Magistrate
Taxation & Revenue Advisory Committee
Tourism Board
Trails Committee
Transportation Board
Utility Board
Value Adjustment Board
Veterans Committee
Water Control Board
Women's Advisory Committee
Youth Advisory Committee
Zoning Board
Filter by County
FL
Bay County
Bradford County
Brevard County
Broward County
Clay County
County
Duval County
Escambia County
Gulf County
Highlands County
Hillsborough County
Indian River County
Lake County
Lee County
Leon County
Levy County
Liberty County
Manatee County
Marion County
Martin County
Miami-Dade County
Monroe County
Okaloosa County
Orange County
Osceola County
Palm Beach County
Pasco County
Pinellas County
Polk County
Putnam County
Santa Rosa County
Sarasota County
Seminole County
St. Johns County
Taylor County
Volusia County
Walton County
MA
Barnstable County
Berkshire County
Bristol County
County
Essex County
Franklin County
Hampden County
Hampshire County
Middlesex County
Norfolk County
Plymouth County
Suffolk County
Worcester County
NJ
Atlantic County
Bergen County
Burlington County
Camden County
Cape May County
Cumberland County
Essex County
Gloucester County
Hudson County
Hunterdon County
Mercer County
Middlesex County
Monmouth County
Morris County
Ocean County
Passaic County
Somerset County
Sussex County
Union County
Warren County
Filter by sourcetypes
Minutes
Recording