Education

The current expense budget for Rowan-Cabarrus Community College (RCCC) totals $4,316,397 a $364,443 (9.22%) increase from the prior year. Additional funding for salary and benefit increases, utilities, a new locksmith position and a new safety assistant director position is included in the budget. Both new positions are co-funded by Rowan County. In addition the county continues to provide annually $100,000 for various capital outlay needs. Funding is also budgeted for debt service related to RCCC General Obligation Bonds (GO bonds), Certificates of Participation (COPS) and Limited Obligation Bonds (LOBS) which have all been used to finance the acquisition and construction of facilities. Complete details of these long-term obligations can be found in the Debt Service section of this document.