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Budget Presentation 2/20/2014

Budget Presentation 2/20/2014. 2009-10 may not be an appropriate benchmark, but… FTES peaked in 2009-10 at 6084, 27% decline since then. Economic recovery so far: 7% that 27% enrollment loss since peak enrollments . Cyclical Fluctuations. 2012-13 vs. 2007-8.

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Budget Presentation 2/20/2014

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  1. Budget Presentation2/20/2014

  2. 2009-10 may not be an appropriate benchmark, but… • FTES peaked in 2009-10 at 6084, 27% decline since then. • Economic recovery so far: 7% that 27% enrollment loss since peak enrollments. Cyclical Fluctuations

  3. 2012-13 vs. 2007-8 Less revenue: FTES down by 9%. Statewide, For-Credit FTES fell by 4%. For CR, 2013-2014 FTES fell by another 5.7%. Overall FTES fall since 2007-8: 14.2% 0 Data from Chanellor’sDatamart, VP Lindsey

  4. Smaller graduating cohorts: 14% smaller since 2007-2008. Data from California Dept. of Finance, Demographic Research Unit

  5. Comparing 2012-13 with 2007-8 • FT Faculty per FTES is up 10% • PT Faculty per FTES is up 13% • Admin per FTES is up 27% • Classified per FTES is up 3% Personnel per FTES has risen

  6. Projected $1,400,000 deficit for 2014-15 must be closed to keep reserves at 5.6% • $580,000 plugged with non-human expenses and one-time money. • Remaining $820,000 deficit must be plugged from personnel expenses. (5.2% of District compensation.) Where are we right now

  7. Local graduating cohorts will continue to shrink another 7.5% over next 5 years. • Student success task force funding model? • Persistence rates haven’t fallen, but increasing persistence may be a partial solution. • Genuinely new students? • Concurrent enrollment ‘head start on college’ for students who want out-of-area 4-year residential experience. • Online students from demographically strong southern California. Where can we go?

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