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San Joaquin Delta College Community College District Governor’s Budget 2013-14

San Joaquin Delta College Community College District Governor’s Budget 2013-14. Raquel Puentes-Griffith, Controller January 22, 2013. Overview. State and District Budget Process Governor’s Budget Highlights District Impact Closing Key Points - Risks and Other Considerations.

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San Joaquin Delta College Community College District Governor’s Budget 2013-14

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  1. San Joaquin Delta College Community College DistrictGovernor’s Budget 2013-14 Raquel Puentes-Griffith, Controller January 22, 2013

  2. Overview • State and District Budget Process • Governor’s Budget Highlights • District Impact • Closing Key Points - Risks and Other Considerations

  3. State Budget Process Summary • January 10: Governor’s Budget • Late Jan - Feb: LAO Analysis • March – May: Legislative Subcommittees • May 15: May Revise • June 15: Legislature Budget Deadline • Mid – Late Jun: Governor Signs Budget

  4. District Budget Process- Assumptions Governor’s Budget Assumptions • March/April – Preliminary Assumptions • Revenue Assumptions: • FTES Target, Restoration/Growth, COLA • Deficits, Trigger Reductions, Other Revenue • Expenditure Assumptions: • FON, Positions FTE Level, Step/Column, Benefit Increases • Program Review Resource Requests • Utilities, OPEB, Other Operational • Other funds, Self Insurance, Auxiliary • Current Year Preliminary Financial Projections • January/February • Recurring Base • Governor's Budget • First Apportionment – P1

  5. District Budget Process - Tentative Assumptions Tentative • March/April – Assumptions • May/June – Tentative Budget No Later than July 1 – per Title 5, Sec 58305(a) • May Revise – State Budget • Assumption Adjustments/Other Obligations • Updated Financial Projections Adopted

  6. The Budget Process - Adopted Assumptions Tentative Adopted • March/April – Assumptions • May/June – Tentative Budget • August/September – Adopted Budget By Sep 15th – Per Title 5, Sec 58305(c) • Final Year-End Closing Figures • Final Apportionment– P2 • Public Hearing

  7. Governor’s Budget Highlights • State is beginning to slowly recover • There is a clear priority to restore education….along with heavy expectations for change • $197 million increase to System – either FTES restoration and/or COLA to be decided by BOG • ~ $2.4 million to District • $179 million deferral buy down • ~ less in borrowing costs and improve cashflow • $49.5 million in energy projects Prop 39 funding • More policy impact than fiscal impacts • Online education efforts • Adult Education and Apprenticeship • Census date to completion based funding; 90 unit limit • Much to sort out in the coming months….

  8. District Impact • The proposed $197 million increase in ongoing revenue… • Translates to approximately $2.4 million • If restoration, approximately 540 FTES • Offset the District's annual increase in costs • Significantly reduce the structural budget deficit for 2013-14 • Most likely, we will not need the planned $2 million expenditure reduction in 2013-14.

  9. Key Closing PointsRisks and Other Considerations • Governor’s proposed budget – just the beginning of the process • The economic recovery is fragile both at the national and state level • The time that Prop 30 bought should be used wisely to rebuild a new, more efficient, more effective and stronger System • Educational sector was delivered a mandate with being a funded priority…must be successful • We are the catalyst for long term economic recovery

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