6 Financial History cont. Fiscal Year 03-04 $1,361,176 Balance Incl. Excess Tuition $354,625 Incl. Excess Enrollment $123,188 Fiscal Year 04-05 $924,636 Fiscal Year 05-06 $176,410
7 Budget Process for FY 07-08 BPT, College Council, Executive Team working together (process continues) Used “two bucket” process Asked for “Flat” budget by macro unit Unmet needs process (one time funds) Budget development still in progress Carry-forward funds still unknown Had only $176,000 in CF last fiscal yr.
8 Budget Process Cont. Budget development principles approved by College Council/BPT June 7, 2006 $1.2 Mil &FTE reduction announced at all- college meeting on June 13, 2006 Met with College Council on March 20 and May 1, 2007 to discuss budget process
9 College Council Members Kurt Simmons, Chair Chair Deanna Li Jane Lister-ReisJenny Mao Maria PazRodolfo Franco Rachael MendonsaVladimir Vilkevich Matt AyerVacant Kim ChapmanRyan Packard
10 C.C. Members cont. Chris PageTherese Quig Member at-large Student (vacant)
11 Budget Planning Team Alan Ward, ChairKellie Nakano David BittenbenderJane Lister-Reis Tom BraziunasKatherine Riley Francesco FedericiDennis Schaffer Tom GriffithSuzanne Scheldt Alice MellingMichael Shaw
12 BPT Members cont. Kurt SimmonsDennis Yasukochi Vladimir Vilkevich Ron Woods
13 BPT Sub-Committee Tom BraziunasFrancesco Federici Tom GriffithAlice Melling Kurt SimmonsDennis Yasukochi Suzanne Scheldt
14 BPT Sub-committee Worked hard! Held many meetings Overriding Recommendation The college should develop and implement a well articulated planning process for adding or eliminating instructional programs. This program viability process should be integrated with other planning initiatives at the college.
15 BPT Sub-committee After a lot of number crunching and using different analysis techniques, we are short! $554,384 for faculty S & B $202,005 tenure buyout costs Don’t Panic!
16 Sub-committee cont. Specific recommendation: The college should balance the currently projected 2007-08 operating budget deficit through a combination of the following: Reduce spending Reallocate existing funding Increase available funding
17 Recommendations cont. Reduce Instructional Operating Spending by Separating Entrepreneurial/Experimental Programs Support these programs from non-operating or temporary funds until proven Create separate instructional budget for this purpose (this would save $203,455) Radiology Technology (save $125K)
18 Recommendations Cont. Reduce spending through enrollment management Potential savings from eliminating some classes with 10 or fewer students Would save $262,000
19 Recommendations Cont. Reallocation of existing funding: Continuing Ed. $50,000 Education fund $12,500
20 Specific Recommendations Add $100K more from Int’l revenue Add $25K from Running Start Reduce contingency reserve by $100K; different than “true” reserve Tap select fund balances $50K
23 How Did the Process Go?
24 Not Well!
25 College Failed!
26 What Happened? Third Category emerged! Requests for new positions Increases in existing budgets Unmet needs S/B one-time expenditures Requests $1 mil over last year
27 The Third Process-Weed or Flower?
28 The Third Process Needs that are ongoing New positions Position reallocations (upgrades) Restoration of funds cut in past years Cover costs that are escalating
29 Who Did Good Job on Request? Student Services
30 Who Else Did Good Job? Education Fund A
31 Who Else? Library and Media A
32 What’s Next? Receive initial allocation from District Stick to “flat budget” requests Finalize total resource availability Prioritize unmet needs and fund what we can Prioritize the “3 rd process” list, fund by reallocating $ and using new money
33 Initial Budget Allocation Several different budgets from Olympia New biennium 2007-09 Tuition increase 2% (credits 11 to 25) 1% tuition increase budgeted by SCCD 1% tuition backfill