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SOUTH ORANGE COUNTY COMMUNITY COLLEGE

SOUTH ORANGE COUNTY COMMUNITY COLLEGE. BUDGETS AND COMPENSATION. The old system. Program Based funding (5 elements) PRIOR YEAR APPORTIONMENT (BASE FUND) COLA PROGRAM IMPROVEMENT (EQUALIZATION) GROWTH / DECLINE / RESTORATION STABILITY 1 YEAR BAILOUT FOR DECLINING ENROLLMENT.

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SOUTH ORANGE COUNTY COMMUNITY COLLEGE

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  1. SOUTH ORANGE COUNTY COMMUNITY COLLEGE BUDGETS AND COMPENSATION

  2. The old system • Program Based funding (5 elements) • PRIOR YEAR APPORTIONMENT (BASE FUND) • COLA • PROGRAM IMPROVEMENT (EQUALIZATION) • GROWTH / DECLINE / RESTORATION • STABILITY 1 YEAR BAILOUT FOR DECLINING ENROLLMENT

  3. The new formula • Program based funding is now a thing of the past. • A new formula for funding community colleges was adopted by the passage of Senate Bill 361. • The formula simplifies funding from a complicated five step process to a three step process. • Foundation amount • Credit FTES • Non credit FTES

  4. FOUNDATION (Step 1)

  5. CREDIT REVENUE (Step 2) • EQUALIZATION = TARGET OF 90% • 90% =$ 3,955 PER FTES (05-06) • COLA OF 4.23 % =$ 4,123 • MULTIPLY 2005-06 P-2 FTES BY $4,123 AND YOU GET BASE CREDIT REVENUE

  6. NON CREDIT REVENUE (Step 3) • NON CREDIT REVENUE IS APPROXIMATELY 60% OF CREDIT REVENUE • $ 4,123 TIMES 60% = $ 2,479 • MULTIPLY NON CREDIT FTES BY $ 2,479 AND THAT EQUALS INCOME

  7. Program Based Funding

  8. SB 361

  9. SB 361

  10. PBF versus SB 361

  11. 2006-07 COLA OF 5.92% IS APPLIED TO ALL BASES

  12. AFTER COLA IS APPLIED • GROWTH FOR 06-07 IS CALCULATED AT 4,367 PER CREDIT FTES WHICH INCLUDES NEW 5.92 % COLA • GROWTH FOR NON CREDIT IS 2,626 • A DISTRICT WILL NOT GET GROWTH MONEY IF THEY HAVE PRIOR YEAR(S) RESTORATION TO MAKE UP

  13. HYPOTHETICAL IF A DISTRICT RESTORES ALL LOST FTES FROM PRIOR THREE YEARS AND GROWS UP TO 2%

  14. As always Community College funding is from the same sources as in the past. • FEDERAL INCOME • STATE INCOME • LOCAL INCOME • BEGINNING BALANCE

  15. BEGINNING BALANCESSTATEWIDE The 72 Community College Districts are starting 2006-07 with three-quarters of a Billion dollars in beginning balances !!!!!!!!

  16. BEGINNING BALANCES BY DISTRICT

  17. BUDGET HISTORY SOUTH ORANGE

  18. Twenty yearearnings

  19. AVERAGE SALARIES 05-06

  20. PART-TIME AVERAGE

  21. Starting Salary

  22. Highest Earnable Salary

  23. Thank you

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