1. Somerset Community College FY12 Budget Overview Leadership Retreat Presentation March 15, 2012

2. Revenue Estimates for FY12

3. Somerset Community College FY12 (01 Fund – Unrestricted) Total:$37,513,900

4. FY12 College Generated Revenue

5. Fall 2011 Revenue Summary

6. Spring 2012 Revenue Summary

7. Expenditure Plan for FY12

8. FY12 Expenditure Chart by Category - Unrestricted

9. FY12 Expenditure Chart by Program - Unrestricted

10. FY12 Revenue Performance and Plans

11. REVENUE AND COLLEGE OPERATIONS Tuition revenues have not been fully realized for spring due to credit hour enrollment, SAP appeals, online course offerings, and positive economic performances. Revenue variables still to be factored into overall budget performance are: * Spring R2T4 calculations * Additional non-SEEK and other waivers have yet to be posted * Summer enrollment will improve revenue position

12. The Immediate Plan 1. Continue monitoring all budgets until all spring activity is processed, then review total revenue receipts to determine actual revenue position. 2. KCTCS budget policies state that revenues cannot be under or over projections by more than 5%. In either case, revenue performance must be justified and adjusted to align with actual income. 3. Unrealized revenue will be offset by using one-time funds that we know will not be utilized, i.e., mild winter resulted in less utility expenses, minimal vacancy credit, and expectation that not every line will be spent to zero.

13. Planning for Next Year (FY13) Determine whether this semester is a trend or one-time fluctuation in enrollment. Adjust for an expected budget cut from the legislature of six to eight percent in general fund appropriations. Based on these criteria, and without enrollment growth, SCC will have to operate on a continuation budget rather than a growth budget, and possibly even some reduction in budget expenditures.

14. Questions and Discussions