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Budget Update

Budget Update. Letha L. W. Jeanpierre Vice President Finance & Educational Resources Town Hall Meeting January 12, 2010. De Anza College Budget Principles. Protect our student base Protect programs and services that serve those most in need

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Budget Update

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  1. Budget Update Letha L. W. Jeanpierre Vice President Finance & Educational Resources Town Hall Meeting January 12, 2010

  2. De Anza College Budget Principles • Protect our student base • Protect programs and services that serve those most in need • Protect core functions that reflect De Anza’s core identity We must always be caring and considerate of our colleagues, particularly those directly affected by reductions.

  3. Continuous State/District Budget Cycle • Governor’s budget presented in January • Legislative hearings January through April • Governor issues May revise • Tentative district budget presented to board of trustees in May • Legislature (scheduled to) approve state budget June 15 • Governor (scheduled to) approve state budget by June 30 • Board adopts district budget in September

  4. 2009-10: District Budget Challenges and Solutions • District deficit of $6.7 million identified January 2009 De Anza’s Share: $2.6 million • Consequences: De Anza eliminated 33 staff positions: 21 unfilled, 12 filled; 6 faculty positions left unfilled • DA escrowed $1.37 million (of $6.37 million fund balance) to protect 12 filled positions through June 30, 2010

  5. 2009-10: Additional State Reductions • General apportionment cut by $7 million(4%) • Categorical funds cut by $7.9 million • Cash flow deferrals result in lost interest income • No COLA to offset expense increases • No growth to support increased demand for classes

  6. FHDA 2009-11 Challenges & Solutions

  7. New $12 Million Challenge

  8. Budget Planning • Over the past several months college Planning & Budget Teams have been reviewing three levels of budget reductions • PBT proposals completed January 19, 2010 • Details to be shared in College Council January 28, 2010

  9. Strategies • Instructional Planning & Budget Team • Finance & Educational Resources Planning & Budget Team • Student Services Planning & Budget Team

  10. New State Budget • $126 million to fund 2.2% growth but $22 million negative COLA • Suspension of Cal Grants • Suspension of categorical mandates

  11. Q&A

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