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Role of Budget Committee - PowerPoint PPT Presentation

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Role of Budget Committee
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  1. Role of Budget Committee April Meeting • Receive the Budget Message • Proposed Budget is aligned with the College’s Strategic Plan and operational needs • Provide input • Provide opportunity for citizen input May Meeting • Review the Approved Budget • Provide opportunity for citizen input • Approve tax rate • Approve budget, recommending it to the Board for Adoption

  2. 2012/13 Budget Message

  3. 2012/13 Budget Message (Cont.)

  4. Creating the Proposed Budget • College-wide involvement • Budget Advisory Team • E-Team • CAMAT and FAMAT • Divisional Management Teams • Advisory Meetings

  5. Operating Funds Account for the general operations and activities of the College • Three Funds • General Fund • College Service Fund • Stability Reserve Fund

  6. General fund RevenueAssumptions • State Operations • $395.7 million Community College Support Fund • Property Taxes • 1% increase • Tuition • 4% decrease in enrollment from 2011/12 • $2 tuition increase • Transfers In • $725,000 from Technology and Equipment Fund • $1.7 million from College Service Fund

  7. General fund Strategic Changes

  8. General Fund (Cont.) Expenditure Assumptions • Personnel (still in negotiation) • 2% decrease in PT faculty • 3 furlough days • $682,000 available for personnel salary adjustments • Other Personnel Expenditures • Health Insurance – 6% increase • PERS – 7.79% approximate increase • Department Materials & Services and Capital • 0% increase • Transfers Out • Increase 7.41% over 2011/12

  9. Future Year Assumptions RCC’s Major sources of revenues will continue to see a decline • State funding • Economy • Property tax revenue decline • Little to no improvement in Housing Market • Enrollment • Decline of 4%

  10. Questions? • Curtis Sommerfeld • 541-956-7238 • curt@roguecc.edu • Lisa Stanton • 541-956-7024 • lstanton@roguecc.edu