1 / 9

Budget Forum 2014-15 Budget Development and Assumptions

Budget Forum 2014-15 Budget Development and Assumptions. March 2014. State Budget Proposal Highlights – Used for Assumptions. Access (prior “Growth”) $155.2 million to fund a 3% restoration of  access.  ( appx $ 1,200,000 for COS) Will primarily fund increase in FON

kelda
Télécharger la présentation

Budget Forum 2014-15 Budget Development and Assumptions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Budget Forum2014-15 Budget Development and Assumptions March 2014

  2. State Budget Proposal Highlights – Used for Assumptions • Access (prior “Growth”) $155.2 million to fund a 3% restoration of  access. (appx$1,200,000 for COS) • Will primarily fund increase in FON • The budget will give priority to districts “identified as having the greatest unmet need in adequately serving their community’s higher educational needs.” Interpretation unknown at this time. • COLA - $48.5 million to fund a statutory COLA of 0.86%(appx $370,000 for COS) • Student Success(prior “Matriculation” - Restricted) $100 million to support student success programs, and $100 million to strengthen support for underrepresented students; i.e. Student Equity Plans (appx $240K for SS and unknown for SEP)

  3. State Budget Proposal Highlights – Used for Assumptions • Scheduled Maintenance and Instructional Equipment - $175 million to be evenly split (appx $650k for each at COS) • Deferrals - $235.6 million in budget year funding + $356.8 million proposed in one-time funds for this purpose, would completely eliminate the system’s inter-year deferrals.  • COS estimated FY13/14 deferrals = $4.7 million.  This will help with cash flow only, no new revenue nor one-time funds. • Proposition 39 - $39 million in funds to address energy efficiency projects and workforce development(appx $300K/year for COS)

  4. Projected Budget – Effect on Fiscal Solvency Plan with proposed .86% COLA & 3% Access 2014-15(estimated only for 15-16) Unrestricted Only

  5. Assumptions: Step and Column Costs, Cost of 1%, and H&W Increases

  6. Assumptions 2014-15 Budget External or Contracted Cost Increases

  7. Other possible assumptions? Included in 14-15 projections: • Election costs $140K every other year - budget 70K each year • Non-resident tuition coming in 100K under budget (note: lowered misc rev by 100K in 14-15 & 15-16) Not Included in 14-15 projections: • Scheduled maintenance match • Last 6 years: 08-09 & 13-14 funded out of bond (funds are now gone), 4 years eliminated by state, prior was out of General Fund • Only 1M available in Capital Facilities Fund for all future facilities needs • 650K SM grant for 14-15 – will gather up any facility funds or 1X $’s available • Historically +/-200K match – will project out of GF for 15-16 and beyond

  8. Other possible assumptions? Not included in 14-15 projections, cont’d: Misc. other: • audit fee $4,250 increase • Student transit fee $14,000 annually from General Fund • Ongoing discretionary base budget augmentations – to be approved in spring • From Program Review or to meet District Objectives - E.g.: • PTA Program • Office of Research and Institutional Planning • Marketing/Advertising Costs • Writing Center/Tutorial Center/Math Lab • Ongoing new staffing (classified/management) to be approved in spring • Building a deficit into the funding (-100K for 13-14 is built in, but none for 14-15 or 15-16; usually 0% to 2.25%?)

  9. FTES Update – Current Count(Enrollment Management Team Monitors)

More Related