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Role of Budget Committee

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

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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

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