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2013 -14 TENTATIVE BUDGET 1 2013 -14 TENTATIVE BUDGET 1

OVERVIEW 2012 -13 GCC BUDGET PROJECTION n 2013 -14 STATE BUDGET n 2013 -14 OVERVIEW 2012 -13 GCC BUDGET PROJECTION n 2013 -14 STATE BUDGET n 2013 -14 GCC BUDGET DEVELOPMENT n REVENUE ADJUSTMENTS ¨ EXPENDITURE ADJUSTMENTS ¨ PENDING COLLEGE ISSUES ¨ BUDGET RISKS ¨ n CONCLUSION 2

2012 -13 GCC BUDGET PROJECTION 3 2012 -13 GCC BUDGET PROJECTION 3

2012 -13 Enrollment (at P 2) Category CREDIT CAREER DEVELOPMENT COLLEGE PREP NONCREDIT TOTAL 2012 -13 Enrollment (at P 2) Category CREDIT CAREER DEVELOPMENT COLLEGE PREP NONCREDIT TOTAL *Includes workload restoration Actual FTE’s Base FTE’s* Growth/ Unfunded FTE’s Growth Revenue to Date 12, 069 12, 232 (163) ($744 K) 2, 606 2, 276 330 $1, 066 K 371 425 54 $148 K 15, 046 14, 933 113 $174 K 4

2012 -13 GCC Revenues Category Budget Projected Difference Base $69, 297 K $69, 867 2012 -13 GCC Revenues Category Budget Projected Difference Base $69, 297 K $69, 867 K $ 570 K Prior Year Adj. $ 0 $ $ 285 K Fee/Tax Deficit $ 0 $ Part Time Faculty $ 467 K $ Lottery Other State 285 K $ 0 467 K $ 0 $ 1, 950 K $ 0 $ $ $ 466 K 0 649 K 183 K 5

2012 -13 GCC Revenues (Page 2) Category Budget Interest $ Non-Resident 200 K Projected 2012 -13 GCC Revenues (Page 2) Category Budget Interest $ Non-Resident 200 K Projected $ Difference 491 K $ 2, 600 K $ 2, 776 K $ 176 K Other Student Fees $ 363 K $ 366 K $ 3 K Other Local $ 62 K $ 65 K $ 3 K Interfund $ 403 K $ 0___ Total $ 75, 808 K $ 77, 319 K $ 1, 511 K 6

2012 -13 GCC Expenditures Category Budget Projection Difference Certificated Salaries $32, 679 K $33, 2012 -13 GCC Expenditures Category Budget Projection Difference Certificated Salaries $32, 679 K $33, 184 K $ (505 K) Classified Salaries $17, 220 K $17, 188 K $ Benefits $16, 531 K $16, 131 K $ 400 K Supplies $ $ $ Services $ 6, 081 K $ 6, 623 K $ (542 K) Equipment $ $ 182 K $ (9 K) Other/Interfund $ 3, 655 K $ 0 K Reserve $ 3, 772 K Total $80, 703 K 592 K 173 K 530 K 0____ $77, 493 K 32 K 62 K $ 3, 772 K $ 3, 210 K 7

2012 -13 Projected Ending Balance Beginning Fund Balance (7/1/12) Projected 2011 -12 Revenues Projected 2012 -13 Projected Ending Balance Beginning Fund Balance (7/1/12) Projected 2011 -12 Revenues Projected 2011 -12 Expenses Ending Fund Balance (6/30/13) $ 4, 895 K $77, 320 K ($77, 493 K) $ 4, 721 K* *Equivalent to 6. 09% of expenditures 8

2013 -14 STATE BUDGET 9 2013 -14 STATE BUDGET 9

2013 -14 State Budget On January 10, 2013, Governor released his proposed budget for 2013 -14 State Budget On January 10, 2013, Governor released his proposed budget for 2013 -14 n With the passage of Proposition 30 and improvements in the economy, State no longer has a structural budget deficit n For the first time in five years, Governor’s January budget has augmentations for community colleges. n 10

2013 -14 State Budget - continued n $579 million in additional funding for community 2013 -14 State Budget - continued n $579 million in additional funding for community colleges ¨ $196. 7 m in increased apportionment funding. BOG to develop recommendation ¨ $315. 7 m to transfer adult education and apprenticeship programs from K-12 to community colleges ¨ $49. 5 m to support energy efficiency efforts ¨ $16. 9 m to enhance online education ¨ $179 m to buy down existing apportionment deferral 11

2013 -14 State Budget - continued n Policy changes ¨ Five year phase in 2013 -14 State Budget - continued n Policy changes ¨ Five year phase in for changing apportionment funding from a census date model to one based on course completion ¨ 90 unit cap on students for apportionment funding ¨ FAFSA completion required for BOG fee waiver 12

May Revise n n Governor released May Revise on May 14 th $227 m May Revise n n Governor released May Revise on May 14 th $227 m augmentation of funding for community colleges an increase of $30 m from January ¨ $87. 5 m for COLA (1. 57%) ¨ $89. 4 m to restore enrollment (1. 63%) ¨ $50 m for matriculation services to implement Student Success Task Force recommendations n Policy changes withdrawn ¨ Census date funding formula ¨ 90 unit cap ¨ Shift of adult education to community colleges n Additional $64. 5 m to buy down deferral 13

State Budget Effect on Community Colleges 1. 57% COLA - $1. 097 million n State Budget Effect on Community Colleges 1. 57% COLA - $1. 097 million n 1. 63% enrollment restoration - $1. 16 million n $50 million for Student Success - $650 K n $49. 5 million for energy efficiency efforts (Prop 39) - $692 K n 14

Status of State Budget Legislative Analyst Office (LAO) has projected a $4. 5 billion Status of State Budget Legislative Analyst Office (LAO) has projected a $4. 5 billion surplus in tax revenues for 2012 -13. n LAO estimates that May Revise revenue assumptions are understated by $3. 2 billion n Assembly and Senate Budget Subcommittees have developed proposals to augment budget with additional funds n Conference Committee has reconciled the two legislative proposals and is presenting their proposal to legislature for a vote n 15

State Budget Proposals Item May Revise Senate Assembly Conference COLA 1. 57% Enrollment Restoration State Budget Proposals Item May Revise Senate Assembly Conference COLA 1. 57% Enrollment Restoration 1. 63% 1. 61% 1. 63% 2012 -13 Deferral Buy Down $180 m $248 m $220 m $180 m 2013 -14 Deferral Buy Down $64 m $116 m $20 m $30 m Instructional Equipment - $12 m - Scheduled Maintenance - $12 m - Professional Development - $6 m - $30 m 16

State Budget Proposals - continued Item May Revise Senate Assembly Conference Basic Skills $20. State Budget Proposals - continued Item May Revise Senate Assembly Conference Basic Skills $20. 0 m $33. 6 m $20. 0 m Student Financial Aid $67. 5 m $68. 1 m $72. 1 m $67. 5 m EOP&S $64. 3 m $89. 3 m $117. 2 m $79. 3 m CARE $9. 3 m $10. 6 m $17. 0 m $9. 3 m DSP&S $69. 2 m $94. 2 m $126. 8 m $84. 2 m CAl. WORKS $26. 7 m $34. 5 m $44. 3 m $34. 7 m Matriculation $99. 2 m $127. 7 m $99. 2 m PT Health $480 k $823 k $1, 016 k $480 k PT Parity $24. 9 m $51. 6 m $24. 9 m PT Office $3. 5 m $5. 9 m $7. 3 m $3. 5 m Nursing $13. 4 m $22. 4 m $13. 4 m Categorical Programs: 17

2013 -14 TENTATIVE BUDGET DEVELOPMENT 18 2013 -14 TENTATIVE BUDGET DEVELOPMENT 18

GCC Budget Development Process Unrestricted General Fund Tentative Budget is based on May Revise GCC Budget Development Process Unrestricted General Fund Tentative Budget is based on May Revise n Assumes ending balance at same level as 2011 -12 n Assumes a 1. 57% COLA n Assumes $50 m augmentation in Matriculation n Does not include 1% deferred pay raise n 19

2013 -14 Rollover Budget n $1. 90 million deficit in Rollover Budget ¨ Only 2013 -14 Rollover Budget n $1. 90 million deficit in Rollover Budget ¨ Only vacant positions approved for filling put in budget. ¨ Hourly backfill amounts budgeted for positions not approved for filling ¨ 1. 25% employee pay cut in 2012 -13 restored ¨ 2012 -13 Budget Reallocation committee cuts restored ¨ 2013 -14 Exempt Cost augmentations included ($359 K augmentation) ¨ 5% General Reserve established ($4. 0 million) ¨ $400 K Contingency Reserve restored 20

2013 -14 Projected Revenue Changes State apportionment n Other State Income n Interest n 2013 -14 Projected Revenue Changes State apportionment n Other State Income n Interest n Non-Resident Tuition n Other Revenue n Blue Shield Rebate n Total Revenue Augmentation n $1. 668 M $0. 167 M ($0. 125 M) $0. 200 M $0. 018 M ($0. 353 M) $1. 575 M 21

2013 -14 Exempt Cost Augmentations n n n n n Utilities Postage Insurance Audit 2013 -14 Exempt Cost Augmentations n n n n n Utilities Postage Insurance Audit Health (10% inc)* State Unemployment Insurance Step and Column Reallocation Reserve Retiree Benefits Five Full-time Faculty Total Exempt Cost Augmentations n *Estimate $ ($ $ $ 20 K) 55 K 103 K) 483 K) 665 K 50 K 35 K) 200 K 359 K 22

Budget Actions Taken n Rollover Budget Deficit 2008 Retirement Incentive n Matriculation backfill n Budget Actions Taken n Rollover Budget Deficit 2008 Retirement Incentive n Matriculation backfill n Restore one month reduction n Budget Reallocation Committee Total Actions Taken n ($1. 900 M) $0. 534 M $0. 401 M ($0. 266 M) $1. 215 M $1. 884 M 23

Reserves Reserve Amount Percent General Reserve $4. 000 M 5. 11% Contingency Reserve $0. Reserves Reserve Amount Percent General Reserve $4. 000 M 5. 11% Contingency Reserve $0. 400 M 0. 51% Reallocation Reserve $0. 100 M Total $4. 500 M N/A__ 5. 62% 24

Pending College Issues Adoption of State Budget n 1% deferred pay raise n 2013 Pending College Issues Adoption of State Budget n 1% deferred pay raise n 2013 -14 New Budget Requests n ¨ Instructional Equipment ¨ Deferred Maintenance ¨ Technology Additional classes to meet growth target n Collective Bargaining n ¨ Health ¨ Use of plan changes 2012 Blue Shield rebate ($716 K) 25

Budget Risks n 2012 -13 Statewide deficit ¨ Education Protection Act Revenue ¨ Redevelopment Budget Risks n 2012 -13 Statewide deficit ¨ Education Protection Act Revenue ¨ Redevelopment Agency Funds n One percent deferred pay raise 26

Conclusion State economy is improving and with the passage of Prop 30, community colleges Conclusion State economy is improving and with the passage of Prop 30, community colleges are beginning to see additional funding n Community colleges in a better fiscal position with the withdrawal of the Governor’s proposed policy changes (Adult Ed. , 90 unit cap, and funding formula) n Economy will need to continue to improve once Prop 30 tax increases expire n 27