The Economic Value of Main Report

Expenditures

Figure 2.6 displays MCC ’s expense data. The combined payroll at MCC, including student salaries and wages, amounted to $94.2 million. This was equal to 62% of the college ’s total expenses for FY 2022-23. Other expenditures, including operation and maintenance of plant, depreciation, and purchases of supplies and services, made up $58.9 million. When we calculate the impact of these expenditures in Chapter 3, we exclude depreciation expenses, as they represent a devaluing of the college ’s assets rather than an outflow of expenditures.

Figure 2.6: MCC expenses by function, FY 2022-23

All other expenditures 18%

Depreciation 6%

Operation & maintenance of plant* 14%

Total expenditures $153.2 million

Employee salaries, wages, & benefits 62%

* Includes expenditures for capital projects in progress during the analysis year Source: Data provided by MCC

Students

MCC served 19,512 students taking courses for credit and 4,111 non-credit students in FY 2022-23. These numbers represent unduplicated student headcounts. The breakdown of the student body by gender was 58% female and 42% male. The breakdown by ethnicity was 50% white, 48% students of color, and 2% unknown. The students’ overall average age was 25 years old. 4 An estimated 82% of students remain in the MCC Service Area after finishing their time at MCC, another 15% settle outside the region but in the state, and the remaining 3% settle outside the state. 5 Table 2.3 summarizes the breakdown of the student population and their corresponding awards and credits by education level. In FY 2022-23, MCC served 1,070 associate degree graduates and 163 certificate graduates.

4 Unduplicated headcount, gender, ethnicity, and age data provided by MCC.

5 Settlement data provided by MCC.

The economic value of Monroe Community College

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