The Economic Value of Main Report

Table 2.2: MCC revenues by source, FY 2022-23

Category

Total

Tuition and fees

$24,311,378

Local government*

$27,472,982

State government*

$43,513,007

Federal government

$39,237,769

All other revenue

$17,187,150

Total revenues

$151,722,286

* Revenue from state and local government includes capital appropriations. Source: Data provided by MCC

The total revenue of $157.1 million in FY 2022-23 is allocated across several categories, including operating, capital, student aid, and grant revenues. In the following figures, we further break these allocations by function for MCC. As indicated in Figure 2.1, revenues used for college operations made up 72% of total revenue. Capital revenues accounted for 2%. Student aid revenues comprised 17% and grant revenues represented the remaining 9%. Figures 2.2, 2.3, 2.4, and 2.5 illustrate the sources behind each of these revenue by function categories.

Figure 2.1: MCC revenues by function, FY 2022-23

Capital revenues 2%

Grant revenues 9%

Student aid revenues 17%

Total revenues by function $151.7 million

Operating revenues 72%

Source: Data provided by MCC

The economic value of Monroe Community College

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