CARTERVILLE (JALC NEWS) – The John A. Logan College Board of Trustees has unanimously approved a balanced budget for the fiscal year 2025-2026, marking the second consecutive year the college has achieved this fiscal milestone. The approval came during the Board’s June meeting, reinforcing the college’s commitment to fiscal responsibility and long-term sustainability.
The adopted budget outlines estimated revenues of $32.1 million and projected expenditures of just over $32 million, resulting in a modest surplus. College Chief Financial Officer Dr. Susan LaPanne presented the financial plan, which aligns with the institution’s strategic goals and reflects its commitment to maintaining a solid financial foundation while continuing to serve students and the surrounding community.
“We are pleased to announce the unanimous approval of our balanced budget for the upcoming fiscal year,” said John A. Logan College President, Dr. Kirk Overstreet. “This achievement reflects our ongoing commitment to fiscal responsibility and sustainability, ensuring we continue to serve our students and community effectively.”
The approval of a balanced budget signifies the college’s commitment to responsible resource management and strategic planning. Leaders emphasized that financial stability will allow the college to maintain and enhance its role as a key educational institution in the region.
Board Chair Aaron Smith praised the approval, noting that this achievement was the result of transparency, discipline, and collaboration among Board members. “Passing a second consecutive balanced budget is a reflection of the discipline, transparency, and collaboration this Board has prioritized,” Smith said. “We are not just managing dollars; we are stewarding trust.”
Smith also stressed that the decision reaffirms the board’s ongoing commitment to responsible leadership and ensuring the institution’s stability for students, staff, and the broader community.
The approved budget also underscores the college’s continued focus on its mission: to enrich lives through learning and community engagement. College leaders expressed confidence that the balanced budget would enable them to build on the college’s successes, offering students a quality education while maintaining financial stability.
The John A. Logan College Board of Trustees has demonstrated a firm commitment to the institution’s fiscal well-being, with this balanced budget reinforcing its dedication to long-term sustainability and its mission of accessible, high-quality education for the region.
