1. Prepared by: Ed Maduli SEPTEMBER 1, 2015
FY 15/16 FINAL Budget
Prepared by: Ed Maduli
SEPTEMBER 1, 2015

2. FY 14/15 ACTUAL ending balance
Prepaids - $46,828
Assigned to Banked Leave Liability - $5,683,749
Assigned to Fund 001/017 - $63,447
Assigned to Travel/Conference - $34,694
Reserve at 5% - $4,897,805
Contingency Reserve - $2,734,086
Community Support Funds - $15,835,535
Debt Service Reserve - $39,930
Board Elections - $152,023
Total: $29,488,097

3. FY 15/16 State Budget
Governor released State Budget on January 5, 2015
Governor released May Revision on May 14, 2015
Governor signs $115 billion State Budget on June 24, 2015
Includes a reserve of $3.4 billion
Based on Governor’s conservative revenue forecast
Eliminates over $7 billion in debt

4. FY 15/16 Community College Budget
ITEM
JANUARY
MAY REVISE
STATE BUDGET
COLA
$92.4 million
$61 million
Growth
$106.9 million
$156.5 million
Base Allocation
$125 million
$266.7 million
Student Success
$100 million
Student Equity Plan
$115 million
$85 million
Categorical Program COLA $0
$2.5 million
Full Time Faculty
$75 million
$62.3 million
Basic Skills
$60 million
Institutional Effectiveness
$15 million
Deferred Maintenance & Instructional Equipment
$148 million

5. FY 15/16 Community College Budget
ITEM
JANUARY
MAY REVISE
STATE BUDGET
CTE
$48 million
Proposition 39
$39.6 million
$38.7 million
Pay Off Deferrals
$94.5 million
Mandate Claims
$351 million
$626 million
$604 million
Adult Education Block Grant
$500 million
Apprenticeship
$29.1 million
CDCP Rate Equalization
$49 million
EOPS $0
$33.7 million
Full Time Cal Grant B
$39 million

6. Major Budget Issues FON Increase
Budget provides $62.3 million to increase full-time faculty percentage
Funds allocated on an FTES basis
Report normal obligation adjustment and FON and FON increase in Fall 2016
FON increase will not be rounded
Community support districts do not receive any funding

7. Major Budget Issues Growth formula
Budget provides $156.5 million for access
SB 860 required a new growth formula and specified primary “need” factors that must be included:
Number of people who do not have college degree
Number of people who are unemployed, have limited English skills, who are in poverty, or who exhibit other signs of being disadvantaged
Both within District’s boundaries
Attempts to blend “need” factors with actual growth patterns
Community support districts do not receive any funding

8. Major Budget Issues Base Increase
Budget provides $266.7 million to increase workload and basic allocation rates
$410 million in PERS/STRS by
Community support districts do not receive any funding

9. PERS and STRS Cost Analysis

10. SSSP & Student Equity SSSP Funding
$100 million ($3.6 million est.) 1.3 to 1.0 match
$100 million ($2.3 million) 2.0 to 1.0 match
$ 50 million ($1.0 million) 3.0 to 1.0 match
$ 49 million ($0.6 million) 3.0 to 1.0 match
Student Equity Funding (no match required)
$85 million ($1.4 million est.)
$70 million ($0.7 million)

11. Proposition 39 Energy Efficiency & Renewable Generation Project
Annual funding for 5 years, beginning
District’s annual funding:
* $412,970
-WVC replace chillers/cooling towers (AAS, Math and Science)
* $403,502
-MC HVAC replacement (LRC, Campus Cntr)
* $581,910
-WVC LED lighting retrofits (Parking Lot, PE)

12. Adult Education
$500 million allocation for Adult Education Block Grant program
Maximum of $375 million intended to maintain recent levels of expenditures in adult education
Remainder to be allocated to consortia through need-based formula
Also provides $25 million for development or improvement of local district data systems

13. FTES Summary

14. Integrated Budget Model
Land Corp Funds
Fundraising
General Fund
Restricted Funds
Community Support Funds
Categorical Funds

15. FY 15/16 District Budget Major Budget Assumptions
1.02% COLA (statutory)
Additional 0.98% salary improvement
No growth or restoration
No Deficit Factor
WSCH – 550
FTES target – 14,897
5% reserve and no more than 3% contingency reserve
305.0 FTE faculty funded
Budget is balanced

16. Funded Rate per Credit FTES: State vs Local

17. District Liabilities Banked Leave - $12,747,401
$551,535 short-term
$12,195,866 long-term
Vacation and Comp. Time - $3,361,736
$139,152 short-term
$3,222,584 long-term
2009 Lease Revenue Bonds - $3,181,106 (FY 15/16)
2011 Lease Revenue Bonds - $844,481(Covered by Rebates in FY 15/16)
OPEB Unfunded Liability - $55,570,908
CalPERS - $13,149 (FY 15/16)
CalSTRS - $475,199 (FY 15/16)

18. Full-time Faculty Obligation
chart
Fall 2011
Fall 2012
Fall 2013
Fall 2014
Fall 2015 (projected)
FON Obligation
232.1
315.1
279.1
285.8
FTE faculty funded
310
311
305
MC %
67.98
68.42
69.52
69.5
WVC %
68.46
68.44
73.63
74.7
District %
68.23
68.43
71.65
72.16

19. 50% Law Compliance

20. Property Tax History & Projection

21. Multi-year Community Support Analysis

22. Moving Forward Maintain “Community Support” status
Comply with FON and 50% Law
Manage enrollment
Plan for matching requirements for SSSP
Plan for statutory COLA
Budget for CalSTRS and CalPERS employer rate increases
Budget for “sunset” of Prop 30
Budget for long-term liabilities
Plan for recession