Temple College officials estimate that it will have $3 million in additional funding for the 2008-09 budget year, a 10 percent increase over last year, without raising taxes or tuition costs.

A budget draft was presented to TC board of trustee members Monday night, which indicated the college will have more than $33 million in revenue for the upcoming year, up from $30 million in 2007-08.

“It’s a really good budget,” interim TC president Wayne Criswell said. “It appears that we will receive more revenue from an increase in local funds, which are partly funded by tuition fees.”

Local funding is expected to increase to $17 million for the school year, up $1.5 million from this year.

“We need to enjoy this while we can because it’s not always going to be like this,” Criswell said. “This is probably the most enjoyable budgeting experience I’ve had since I’ve been at this college … but just like the stock market, things can go up and down.”

Because of previous debts, which more than $3.2 million will go to, the school will actually have a budget of about $30 million.

Federal funding at the college is expected to increase by $1.5 million as well.

Early indications show that the college expects to have a 10 percent rise in student enrollment this fall, compared to the previous fall. The college expects to add 10 full-time positions and one part-time position for the upcoming school year, with an additional $1.4 million going to student instruction.

Employees are expected to get a 4 percent salary raise, which after this year’s 4 percent raise, is the largest two-year raise rate in the college’s history. The drafted budget does not include any staff reductions.

“We’re profiting more,” said Criswell, who said the growth rate at the school is partially due to an enrollment increase in online classes, which offer higher profit margins.

“We’re in a good position right now financially,” Criswell said. “I think it’s a great tribute to how well this school has maintained itself.”

The budget at TC has grown by $10 million since 2003. The effective tax rate is expected to remain the same for the upcoming school year, at .21 cents per $100 valuation.

Criswell said that board members will go over TC’s drafted budget several more times before approving a finalized version in during the board’s August meeting.

“This all seems like excellent news,” TC board chair Jack Jones Jr. said at Monday’s meeting. “It shows how hard yourself (Criswell) and other employees are working on meeting the demands of our students.”