1 / 8

Mission College Budget Summary and Implications

Mission College Budget Summary and Implications . Mission college 11-12 Budget shortfall Plan. One-time Funds Expected in Year-end Balances District Reduction Target $2,600,000 Office the Top Using Contingency $600,000 District’s Share (25%) $500,000

ernst
Télécharger la présentation

Mission College Budget Summary and Implications

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. Mission College Budget Summary and Implications

  2. Mission college11-12 Budget shortfall Plan One-time Funds Expected in Year-end Balances • District Reduction Target $2,600,000 • Office the Top Using Contingency $600,000 • District’s Share (25%) $500,000 • To be split between Colleges $1,500,000 (1-2,3) • WV’s share (53%) $795,000 • Mission’s Share (47%) $705,000 Mission will utilize salary savings and year-end operating Budget balances.

  3. WVMCCD Budget reduction targetsfy 2012-2013 To be planned in 2011/2012. To take effect in 2012/2013 • District Reduction Target $3,000,000 • District’s Share (18%) $540,000 • To be shared by Colleges $2,460,000 (1-2) • WV’s share (53%) $1,303,800 • Mission’s Share (47%) $1,156,200

  4. Budget Reduction planning Timeline- fall 2011 Budget Reduction Planning Timeline – Fall 2011 • September 15 Mission College forum brainstorms and responses to PC for a framework • September 28   PC framework goes to GAP for review and discussion • October 5 GAP workshop - GAP discusses reduction modalities Considering three alternatives: 1. least harmful, 2. somewhat harmful, and 3. most harmful • October 12 GAP workshop – continue framework & options • October 19 GAP Workshop – Constituent draft approval • October 20 Draft goes to constituents for review (AS, CS & ASG) • November 9      Constituent responses to GAP • November 16    GAP recommendation to President • November 30   Mission Decision – by President   • December 1      Office of Administrative Services to submit 12/13 MC budget reduction plan to district finance office

  5. framework • All budget reductions met the “least harmful” recommendation given to the president by the college through our budget focus workshops • Additional reduction of $150,000 due to the RAM transition also completed by “least harmful” measures – though our reserves are depleted in doing so – this transition takes care of the 11/12 monies • District backfill noted in the RAM is based on monies the college saves – this will not occur in 11/12 due to 2% shortfall

  6. Implications • 12/13 Mission College will have to give another $150,000 as continued transition to West Valley • 12/13 may have additional cuts dependent on the state budget situation • 12/13 has no backfill from the district as noted in the RAM (additional reductions necessary) • Need to move from “least harmless” to other possible solutions

  7. What are we Facing • Land Corp money used for one time spending needs • Somewhat Harmful or Most Harmful solutions depending on budget implications • Integrated Planning that utilizes all possible revenues for college goals • Enrollment growth beyond our target • Efficiencies in all areas of the college

  8. How Long is this going to last? • 12/13 predicted to be the worst year • 12/13 economy rebounding before education sees the revenues • 12/13 economy rebound means fewer students coming back for retraining (implications for CTE) • 12/13 continued transition of RAM dollars to West Valley • 12/13 review of ftes split and further money transition to West Valley

More Related