The region is cutting costs where it can.
There are probably 30 vacant positions that will go unfilled because the money isn’t there, Daily said.
Officials also are trying to minimize the amount of money they write off every year when students don’t pay their tuition and fees.
They’ve been somewhat successful this year, bringing it down by 29 percent.
Thursday, the trustees gave their approval to write off $613,463.24. That’s down from $861,000 the year before.
And Daily said that number would likely be even lower, maybe about $550,000, by the time the college has to write the check.
Officials have been working hard to collect the money. They started sending out letters from the chancellor reminding them that not paying their bills carries consequences. The students can no longer sign up for classes, and they can’t get a transcript from the university until their bill is paid.
Last year they sent out 250 letters, and collected $33,000.
But this year’s write-offs still represent 2.8 percent of the region’s total revenue. That’s too high, Daily said.
“There was a time when our goal was less than 1 percent,” he said. “During the hard times, it went way up. It just hasn’t come back down.”
Looking to the future, though, the college has to focus on enrolling news students and retaining the ones it has. In the past three years, enrollment in the Kokomo region has gone from about 6,000 to about 4,000.
“The numbers are not good,” Daily said. “I hate it.”
Some of those students left Ivy Tech when the job market improved and they found jobs. But Ivy Tech campuses throughout the region are losing students to Indiana University Kokomo, too.
“IUK has upped its game,” Daily said. “They’re taking a portion of the 18-year-old students that would have come here.”