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2012-2013 Proposed Budget Board Meeting August 16, 2012 Tomorrow Starts Here.

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Presentation on theme: "2012-2013 Proposed Budget Board Meeting August 16, 2012 Tomorrow Starts Here."— Presentation transcript:

1 Proposed Budget Board Meeting August 16, 2012 Tomorrow Starts Here

2 Recommendations Questions & Discussion Proposed BudgetAgenda

3 PROPOSED BUDGET

4 Tarrant County College

5 Proposed Budget Summary MAINTENANCE AND OPERATION REVENUEMAINTENANCE AND OPERATION REVENUE Revenue Increase (Decrease) State Appropriation $ 51,750,000 $ - Maintenance Operation Tax 124,261, ,370,000 15,108,646 Credit Hour-Tuition 52,360,000 - Non-Credit Hour-Tuition Funded 2,850,000 2,600,000 (250,000) Non Credit-Tuition Non-Funded 1,750,000 1,600,000 (150,000) Indirect Cost & Other 6,200,000 6,300, ,000 Interest Income 500, , ,000 Designated Reserve 7,000,000 5,000,000 (2,000,000) Total Educational & General Income $ 246,671,354 $ 259,580,000 $ 12,908,646 Maintenance Operation Tax: Capital Improvement Plan 44,290,198 33,690,198 (10,600,000) Total$ 290,961,552$ 293,270,198 $ 2,308,646

6 Proposed Budget Summary BUDGET SUMMARY Proposed Increase (Decrease) Maintenance & Operation $ 246,671,354 $ 259,580,000$ 12,908,646 Auxiliary 4,080,000 3,940,000 (140,000) Renewal & Replacement 78,922,468 78,125,787 (796,681) Building Fund 11,654,121 - (11,654,121) Debt Service 7,664,325 7,442,000 (222,325) Budget Total $ 348,992,268 $ 349,087,787 $ 95,519

7 Concrete Improvements $ 300,000 Science Building SSCI - Lab Renovation 5,500,000 Technology Building STEC - Renovation 1,650,000 Crowley ISD Learning Center 200,000 Inter Campus Road Repair $ 300,000 Music Building Renovation 1,000,000 Health Science Center Biology Lab Renovation 1,000,000 Cisco Lab Renovation Bookstore Renovation $ 200, ,000 Ceiling and Lighting Kitchen Renovation for Culinary Arts $ 300, ,000 Parking $ 3,500,000 South Campus Trinity River Campus Southeast Campus Northwest Campus Northeast Campus Major Campus Projects with Estimated Costs for

8 Innovation Forum - $500,000 Locations to be determined, typically Library areas Glass walls for good visibility Comfortable and practical furniture in various arrangements Small break out areas for team meetings Experiential Learning Spaces - $400,000 First Prototype Complete on Northeast Campus by 2012 All Campuses Complete 2013 Training Faculty in New Teaching Modalities Experience new products and collect field data for both facilities and IT Math Emporium - $3,100,000 Phase I to be complete Fall 2012 Phase II to be complete Summer 2013 Phase II varies from Campus to Campus Phase II driven by Math Council Facilities and Academic Master Plan Projects

9 Peter Jordan, Ed.D. President, South Campus Larry Darlage, Ph.D. President, Northeast Campus Elva C. LeBlanc, Ph.D. President, Northwest Campus Bill Coppola, Ph.D. President, Southeast Campus Tahita Fulkerson, Ph.D. President, Trinity River Campus Chancellor’s Executive Leadership Team

10 South Campus Miscellaneous Renovations to the Math, Recital Hall and Art Building: such as replacing sinks, insulation repair or cosmetic renovations Library Lighting Renovation Conversion of General Classrooms to Computer Classrooms Learning Center Flood Proofing A learning community that thrives on TCC Values Excellence Diversity Innovation Lifelong Learning

11 Northeast Campus Partial Roof Structure over Art Kiln Area Remodel Math Testing Lab Men’s Locker Room Renovation Physical Sciences Classroom Renovation Health Sciences Building Renovation Has “changed students’ minds” for more than 40 years Access Service Learning Creativity

12 Northwest Campus Communication Lab Renovation Cosmetic Renovations to Circulation Desk Area Add Restroom to Student Center Learning Student Development Student Success Provides a student-centered environment

13 Southeast Campus Disability Support Services Renovations Bistro Renovation Renovation of Testing Center Overall Cosmetic Renovations Outdoor Lounge Area Renovation Committed to providing affordable and open access to a quality education Excelling in Teaching and Learning

14 Trinity River Campus Wall/Door Addition for Faculty Suite Art Gallery Remodel Renovation of Ventilation System Service to the Community

15 Reginald Gates, M.Ed. Vice Chancellor for Communications and External Affairs Joy Gates Black, Ed.D. Vice Chancellor for Student Success Timothy Marshall, M.S. Vice Chancellor for Information and Technical Services Mark McClendon, M.S., M.B.A. Vice Chancellor for Finance Nina Petty, B.B.A. Vice Chancellor for Real Estate and Facilities Angela Robinson, J.D. Vice Chancellor for Administration and General Counsel David A. Wells, Ph.D. Vice Chancellor for Academic Affairs Chancellor’s Executive Leadership Team (cont.)

16 EXPENDITURE ADJUSTMENT Equipment $ 1,166,508 Operating 2,441,322 Salary, Adjunct Rate, and Dept Chair Increase 10,032,541 New Building Construction 5,000,000 Convocations & Collections 200,000 General Expense & Duplication 994,814 South Campus Crowley Center 120,000 Contingency 1,069,931 Equipment (278,763) Plant Operation & Maintenance (2,322,707) Health Insurance Supplement (2,150,000) Facility Leases (250,000) Legal Fees (200,000) Utilities (1,600,000) District Support (200,000) IT-Software (850,000) IT-Equipment (265,000) Total Expenditure Adjustment $ 12,908,646 Proposed Budget Summary

17 Summary of Salary and Benefits % Salary Increase and Fringe Benefits $ 5,100,000 Non-Faculty Personnel 2,704,741 New Faculty Requests 620,000 $1.50/Hour Increase for Credit Adjunct Faculty 700,000 Dept Chairs, Promotion in Rank and Adjustment 907,800 Total Salary and Benefits $ 10,032,541

18 New Staff NEW STAFF President, TCC Connect1 Faculty3 Director and Assistant Director4 Coordinator and Project Specialist12 Nurse4 Support Staff28 General Maintenance Supervisor2 Police Investigator1 Total55

19 RECOMMENDATIONS

20 Decrease in Tax Rate Recommendation 3% Salary and Benefits $5,100,000

21 Recommendation Current New Building Construction Budget Balance $19M Allocate $5M to the Current Balance Total for New Building Construction = $24M

22 TAX RATE Rate M&O Tax Debt Service Total Tax Rate Recommendation

23 Recommendation ResidentStatus Current Tuition Recommendation Spring* In-District $ 52 $ 55 Out-of-District76 86 Non-Resident *Beginning in the Spring

24 Tuition Forecast Additional Tuition Revenue Resident Status Spring Total In-District $ 1,260,000 $ 2,550,000 $ 2,590,000 $ 6,400,000 Out-of-District 350, , ,000 1,770,000 Non-Resident 475, , ,000 2,435,000 Total $ 2,085,000 $ 4,220,000 $ 4,300,000 $ 10,605,000

25 Recommendation Funds Generated From The Tuition Increase to be Used For Student Sticky Places

26 Questions and Discussion


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