1. 2014-2015 Tentative Budget May 16, 2014 Town Hall Meeting Diana Keelen

2. Agenda 2013-2014 Estimated Actuals 2014-2015 Governor’s May Revision AVC Deferral Trend 2011-2012 Restoration Revenue Highlights Expenditure Highlights 2014-2015 Antelope Valley College Budget 3 Year Projection

3. 2013-2014 Unrestricted Fund Estimated Actuals Beginning Fund Balance $ 9,314,447 Revenues$ 59,069,259 Expenditures$ 59,124,391 Ending Fund Balance $ 9,259,316 Reserve % 15.7% Surplus (Deficit) ($ 55,132)

4. 2014-2015 Governor’s May Revision: Community College Picture Term 2013-14 2014-15 January2014-15 May (amounts in 000s)Enacted Ongoing Funds 0.85% Enrollment Growth1.63%3%2.75% Student Success and Support Program$99,183$199,183 Student Success and Support Program - Equity$0$100,000 Disabled Students Programs and Services$84,223 Extended Opportunity Programs and Services$88,605 Economic and Workforce Development$22,929 Student Financial Aid Administration$67,537$67,896 CalWORKs$35,545 Part-time Faculty Compensation$24,907 Basic Skills$20,037 Telecommunications and Technology Infrastructure$15,790 $20,390 Nursing Education$13,378 Foster Care Education Program$11,786 Part-time Faculty Office Hours$3,514 Campus Childcare Tax Bailout$3,350 Transfer and Articulation$698 Part-time Faculty Health Insurance$490 One-Time Funds Physical Plant and Instructional Equipment $175,000 $148,000 (maintenance only: No match required) Economic and Workforce Development $50,000 Telecommunications and Technology $1,400

5. AVC Deferral Trend

6. 2011-2012 Restoration Restoration of CutsFiscal Year Work-load % ApportionmentBaseFTES New Base Fiscal Year Funded Levels 2011-2012 Workload Reduction 2011-2012-7.74%($3,965,475)11,371-87210,499 2005-2006 & 2006-2007 2011-2012 Workload Restoration 2012-2013 12210,621 2006-2007 & 2007-2008 2011-2012 Workload Restoration 2013-2014 30510,926 2006-2007 & 2007-2008 2011-2012 Workload Restoration Estimate 2014-2015 30511,229 2007-2008 & 2008-2009 2011-2012 Workload Left to be Restored -139.915

7. Revenue Deficits Trend Deficit Co-EfficientPercentageAmountSource 2007-20080.32%($180,331)Exhibit E dated 2/23/09 2008-20091.19%($678,322)Exhibit E dated 3/18/10 2009-20100.00%$0Exhibit E dated 2/17/11 2010-20110.32%($185,559)Exhibit E dated 2/7/12 2011-20121.94%($1,036,074)Exhibit E dated 2/12/13 2012-20130.23%($122,201)Exhibit E dated 2/20/14 Total ($2,202,487)

8. Revenue Highlights No growth 305 FTES in 2011-2012 Restoration 0.87% COLA 0.5% Deficit factor No prior year correction $46 per credit unit (no increase)

9. Expenditure/Investment Highlights Hiring additional instructors and counselors Hiring classified and CMS positions Department Chairs (to be negotiated) Campus Wi-Fi Implementation-Completed before June 2014 Investment in an Integrated Energy Management System Resource allocation funds for new budget requests Negotiating AT& T Cell Tower Renovation/Update of restrooms, choral, music, and keyboard rooms, T800, student services, elevators & curbs Investment in professional development Restoring Academic Senate budget Integrated Banner enterprise system implementation RAVE Mobile Safety implementation for disaster preparedness Ad Astra scheduling system upgrades

10. AVC 2014-2015 Tentative Budget Beginning Fund Balance $ 9,259,319 Revenues$ 61,024,711 Expenditures$ 61,519,872 Ending Fund Balance $ 8,764,154 Reserve %14.2% Surplus (Deficit) ($ 495,161)

11. 3 Year Projection 2015-2016 Projected Budget 2016-2017 Projected Budget 2017-2018 Projected Budget Beginning Balance 8,764,1548,694,8808,979,980 Revenue 61,768,321 Expenditures 61,837,59561,483,22262,390,976 Ending Fund Balance 8,694,8808,979,9808,357,324 Reserve % 14.1%14.6%13.4% Surplus/(Deficit) -69,274285,099-622,655

12. Summary California is slowly being restored from the recession “Wall of Debt” being bought down Commitment to invest in Education & Public programs as a priority Stability in funding to Education is being addressed

13. “If at first the idea is not absurd, then there will be no hope for it.” – Albert Einstein Questions?