1 / 7

Harper College Fiscal Year 2011 & 2012 Budget Status Overview

This document outlines the budget status for Harper College for Fiscal Years 2011 and 2012, highlighting key projections, variances, and proposed transfers. The FY11 budget indicates revenues of $2.0M and expenditures of $4.2M, while funding and expenditures related to salaries and benefits are detailed. Additionally, it sets budget parameters for FY12, including a balanced budget approach, revenue increases, and planned salary adjustments. Next steps include final budget data input and public review phases leading up to board adoption.

mare
Télécharger la présentation

Harper College Fiscal Year 2011 & 2012 Budget Status Overview

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. Draft Harper College Budget Status Fiscal Year 2011 & 2012 May 11, 2011

  2. AGENDA Education Fund • FY11 Budget & Projection • FY11 Budget/Projection Variance • FY11 Transfers Under Discussion • FY12 Budget Parameters • FY12 Budget Next Steps

  3. FY11 Budget & Projection($ Millions)

  4. FY11 Budget/Projection Variance Education Fund Projection Variance : • Revenue – $2.0M • State Funding budgeted at 50%, are current through April at 83% received - 2.1M • Expenditures – $4.2M • Salaries and Benefits - $2.2M • Contingency - $.8M • General Materials & Supplies - $.6M • All Other - $.6M

  5. FY11 Education Fund Transfers Under Discussion • Capital Funding - $$ from Education Fund to Operations and Maintenance (Restricted) Fund • Student Success - $$ from Education Fund to Restricted Purposes Fund • Technology - $$ from Education Fund to Restricted Purposes Fund

  6. FY12 Budget Parameters • Balanced Budget or Better • Revenue: • State at 100% • Property Tax 1.5% CPI Increase • Enrollment Increase of 2% (1% Contingency) • Tuition Increase of $4/Credit Hour • Construction and Renovation Fee Increase of $2/Credit Hour • Expenditures: • Salary Increase of 4.75%, Except Administrators at 3.5% • Benefits Increase of 15% per Calendar Year • Salaries and Benefits Represent ~80% of the Total Education Fund Expenditures

  7. FY12 Budget - Next Steps • May 23 – Final Budget Data Input and Validated • June 8 - Preliminary Budget Review at June Committee of the Whole Meeting • June 15 - Budget put on Public Display at June Board Meeting • June 16 - Legal Budget Available for Public Review • August 17 - Public Hearing and Board Adoption of Legal Budget Requested at August Board Meeting

More Related