Transcript Budget Overview - Antelope Valley College

Budget Update
Welcome Back
Mazie L. Brewington
February 1, 2013
“While the California budget is uncertain, there is one
thing that is certain, it will change.”
2012-2013 Budget
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Prop 30 passed- significant workload
reductions avoided
Small amount of growth included-$50 mil
system wide
$159 mil deferral buy down
No COLA
No restoration of categorical programs
Antelope Valley College 20122013 Budget Impact
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Base FTES stays at 2011-2012 levels of
10,499 plus a small growth of 94 FTES.
New base is 10,699 FTES.
Growth dollars estimated at ~$420K
Deferrals go from $14,165,447 to
$11,821,736
2012-2013 Unrestricted Fund
Estimates
Beginning Balance
Revenues
Expenditures
Ending Fund Balance
$ 7,502,546
$56,848,750*
$56,368,266
$ 7,983,030
Surplus/(Deficit)
Reserve %
$
480,484
14.16%
*Preliminary figures. Subject to change with P1 and PY Recalculation figures
2013-2014 Governor’s Budget
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Released Jan 10th-Declares no longer facing
structural shortfalls.
Estimates a 5% increase over prior year
budget in 13-14 and shows surpluses over
the next 3 years
Prop 30 & Prop 39 expected to generate $7.2
bil in 13-14
13-14 Prop 98 guarantee expected to be
$56.2 bil, a 4.8% increase above 12-13
estimates
2013-2014 Proposed
Community College Budget
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Shift $315.7 mil from Adult Education/
Apprenticeship to Community Colleges
Includes a $196.9 mil undesignated
Apportionment increase
$179 mil deferral buy down
$49.5 mil in projects that support energy
efficiency
$16.9 mil to expand online course for
matriculated undergraduates
2013-2014 Budget Timelines
Jan – May: Legislative Hearings
End of Jan 2012: LAO releases budget analysis
Mar 1: DOF requests legislative action early on
certain items
May 14: Governor releases May revise
June 15: Constitutional deadline for Legislature
to send budget to Governor
Questions?