Law authorizes Ozarka College spending for the 2026–2027 budget year

Ozarka College can spend up to $4,644,419 from the Ozarka College Fund for employee pay and operating costs. The limits include $3,510,000 for regular salaries, $125,000 for temporary or part-time help, $1,000,000 for employer payroll contributions, and $9,419 for operating expenses. Spending cannot exceed either the listed budget limits or the money made available by law. The college must follow applicable state purchasing, accounting, and spending rules. The law took effect July 1, 2026. This spending authority covers the fiscal year ending June 30, 2027.

Ozarka College can spend up to $15,501,000 from its cash funds. The cash-fund budget includes $4,500,000 for regular salaries, $3,000,000 for employer payroll contributions, and $5,000,000 for operating expenses. It also includes $1,000,000 for major property improvements and $750,000 for debt payments. The college can spend only money available in the authorized funds and must stay within each listed spending limit. Applicable state purchasing, accounting, and spending rules also apply. This spending authority covers July 1, 2026, through June 30, 2027.

Ozarka College has limits of 220 regular employees and 100 additional temporary or part-time employees. The regular employee total includes teaching, administrative, and support jobs, including part-time faculty. The additional temporary or part-time employees may be hired when needed and paid from money authorized for that purpose. Regular jobs have listed annual salary limits. Additional temporary or part-time workers cannot earn more than the applicable job’s pay limit. These employee and pay limits apply to the 2026–2027 fiscal year.