1. Administrative Affairs
Financial State of
the College
Division of
Financial &
Administrative Affairs
February 19, 2009

2. Current Financial Position Expected Challenges Available Options Q & A
Agenda
Current Financial Position Expected Challenges Available Options Q & A
11/24/2018

3. Current Financial Position
11/24/2018

4. Revenue Sources Source Dollars FY07/08 % FY07/08 Dollars FY08/09
Appropriations
$13,146,800
53%
Tuition
$10,329,648
42%
Other
$ 1,182,272 5%
Total
$24,658,720
100%
Dollars FY08/09
% FY08/09
$12,526,000
52%
$10,813,600
44%
$969,100 4%
$24,308,700
100%
11/24/2018

5. Factors Affecting Revenue
Appropriation Reduction of 2.6% or $334,000
Reversion of 3.4% or $442,000
Total Reductions = $776,200
11/24/2018

6. Factors Continued Tuition Increase of 6% or $584,000
Excess revenue over expenses $224,000
Made budget reduction of 7% or $217,300 across the board.
11/24/2018

7. Recurring Revenues & Expenses
Recurring Unrestricted Revenue 24,308,700 Recurring Expenses (23,996,700) Difference $ 312,000
11/24/2018

8. Projected Budget Cuts for 09/10 Two Scenarios
Appropriations
% Budget Cut
Dollar Budget Cut
$12,836,100 7%
$898,500
15%
$1,925,400
11/24/2018

9. Allocation of Funds Per Revised Budget FY2008-2009
Salaries
$ /2009
2008/2009 % of
Total E & G
Administration/ Pro-Tech
3,474,981
15%
Academic
7,388,933
31%
Clerical Support
2,740,909
11%
Students
215,077 1%
Total Salaries
13,819,900
58%
Total Benefits
5,114,102
21%
Operating/ Travel/Equip
5,055,700
$23,989,702
100%
JSCC Salaries/Benefits Combined
79% of
Total Budget 08/09
11/24/2018

10. Operating & Travel Total Expenses $5,000,000 Protected Expenses
($2,000,000)
Available Operating & Travel
$3,000,000
Protected Expenses Include:
Scholarships
Utilities
Technology Fees
Credit Cards Fees
Matching Grant Expense
Nursing Exam Expense
TBR Charges
Liability & Property Insurance
11/24/2018

11. Expected Challenges
Budget Cuts
Lack of Funds
11/24/2018

12. HOW TO ADDRESS FUTURE BUDGET CUTS
Challenges
HOW TO ADDRESS FUTURE BUDGET CUTS
% Cut
$ Cut
3.4% Reversion
Subtotal
Revenue Available
Final Revenue Needed 7%
$898,527
$ (442,200)
$456,327
$ (312,000)
$ 144,327
15%
1,925,415
$1,483,215
$ (312,000)
$1,171,215
11/24/2018

13. Available Options ?
11/24/2018

14. OPTIONS TO INCREASE REVENUE
REMOVE CAP = $660,000
TUITION INCREASE OF 7%= $681,000
IF 15% CUT IS REQUIRED
-INCREASE FTE BY
16%
457 FTE
3298 Fall 09 FTE
-Cut Salary & Benefits by $1,171,215
Budget allocation changes from
78.93% to 77.84
11/24/2018

15. Questions & Answers
11/24/2018