Transcript Budget Overview

Budget Overview
Diana Keelen
August 19, 2011
Revised August 26, 2011
2010-2011 Unrestricted Fund Actuals*
Beginning Fund Balance
Revenues
Expenditures
Ending Fund Balance
Surplus/(Deficit)
Reserve %
Assigned Reserve
Unassigned Reserve
Unassigned Reserve %
* Subject to Audit Adjustments
$ 6,035,017
$61,022,921
$58,291,018
$ 8,766,920
$ 2,731,903
15.04%
$ 5,852,369
$ 2,914,551
5.00%
2011-2012 California Budget Risks
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California Budget includes the following that
are still uncertain:
$1.7 bil from Redevelopment Agencies
 $1.3 bil from Medi Cal
 $200 mil from Amazon Taxes
 Others include the rural homeowner’s fire fee
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Source: Chancellor’s Office southern budget workshop August 17, 2011
2011-2012 California Budget

California budget contains triggers if revenue
assumptions are not realized
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Tier 0- $0 cuts if $3 bil of $4 bil revenues received
Tier 1 trigger-if $2 bil realized of $3 bil, $30 mil cuts to CCCs and fee
increases to $46 per credit unit (highly probable)
Tier 2 trigger-if less than $2 bil, additional $72 mil in cuts to CCCs
above Tier 1
Added deferrals to CCCs went by $129 mil from
$832 mil last year to $961 mil this year
Source: Chancellor’s Office budget update July 2011
2011-2012 Unrestricted Fund Revenue
Assumptions
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No Growth
No COLA
No restoration of categorial programs
Prior Year Recalculation
Mid-Year Cuts
Deficit Co-Efficient of 0.99548485 for student fee shortfall due to
BOG Waivers
Reduction of 936.57 FTES to Base Funding (Covers Tier 2)
No mandated cost reimbursement
Fee increase from $26 per unit to $36 per unit
Additional deferrals of $1,843,938 now totalling $13,736,624 for
AVC
2011-2012 Unrestricted Fund FTES,
Revenue and Base Tier Impact
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Current Base FTES: 11,371.05
Tier 0 = (706.47) FTES or ($3,223,949)
New Base 10,664.58
Tier 1 = (774.18) FTES or ($3,532,954)
New Base 10,596.87
Tier 2 = (936.57) FTES or ($4,274,565)
New Base 10,434.48
2011-2012 Unrestricted Fund Expenditures
Changes Summary
Expenditure Changes
Categorical Backfill Reduction to EOPS & Matric. Includes DSPS Backfill.
EOPS District Reduction
Software frozen
SIRMA-Related Expenditures
Increase
Decrease
($161,000)
($37,000)
($2,965)
($45,000)
Utility Savings through Solar/Central Plant Agreement
($250,000)
4/10 Schedule for all CMS/Admin/Classified Utility Savings in Summer/Intersession
($125,000)
Reduce the Care-A-Van Program
($68,000)
Overtime Reduction/Non emergency eliminated
($15,000)
Reduction of District Travel
($15,000)
Board Meals Eliminated
($500)
Reduce Temporary Non-Teaching Hourly Budget
($40,000)
Consolidate classrooms in more efficient buildings. Shut down inefficient buildings. Unplug unused equipment.
($10,000)
Reduce instructional materials by 10%.
($14,400)
Health & Welfare to District Cap
Reduce non-instructional materials by 10%.
($349,368)
($37,767)
Commencement savings
($2,500)
Eliminate diploma covers
($2,000)
Workload Reduction of 925 FTES-Based on New Scenario B as of 6/29/11
Reduce Non-instructional salaries during Summer session
Reduction of Site Improvement funds for sheriff's remodel furniture project
($952,626)
($33,333)
($1,462)
Vice President of Student Services salary and benefits
($181,490)
Reduction of Hourly & Student Workers
($400,000)
Reduction of Adjunct Counseling
($108,626)
Total
2011-2012 Unrestricted Fund Expenditures
Changes Summary
Expenditure Changes
Increase
Parking lot street sweeper-did not arrive by 6/30/11. Had to put in 11-12 fiscal year.
$49,388
Increase in CDC Support. Used less funds in 10-11 due to receiving additional State grant one-time funds
$34,082
Reserve for Return to Title IV Financial Aid
Financial Aid Clerical II - SPBC Approved 7/27/2011
Facilities Staffing - SPBC Approved 7/27/2011
$53,998
$375,661
$43,421
Library Database-TTIP Backfill: Meets some of the recommendation for accreditation
$70,000
Remove T500 & T700 Bldgs.
$30,000
Increase in Security Contract
EOPS Counselor to District
PERS Increase from 10.707% to 10.923%
SUI Increase from 0.72% to 1.61%
$3,633
$42,053
$108,626
$21,576
$385,887
Other employer contributions due to step/column increases
$19,851
Support to the Palmdale Campus
$50,000
Capital Expenditures
$96,941
Step & Column Increases
$255,855
Long-term loan repayment (Solar & Central Plant)
$243,881
SCE Rebill Increases was $10K per month, now $24,958 per month
$179,500
Election Costs (Increased from $400K to $460K per 4-27-11 LACOE Bulletin)
$460,000
Total
Total
$100,000
Four M&O electric carts-did not arrive by 6/30/11. Had to put in 11-12 fiscal year.
Increase in Hangar Rental
Decrease
$2,624,353
($2,853,037)
($228,685)
2011-2012 Unrestricted Draft Adopted Budget
Beginning Fund Balance
Revenues
Expenditures
Ending Fund Balance
Surplus/(Deficit)
Reserve %
Assigned Reserve
Unassigned Reserve
Unassigned Reserve %
$ 8,766,920
$56,689,885*
$58,062,326
$ 7,394,478
$ (1,372,441)
12.74%
$ 5,852,369
$ 2,914,551
5.02%
* Includes anticipated prior year recalculations and mid-year cuts
2012-2013 System Budget Request
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$313 million for categorical restoration
$793 million for past COLAs = more than 13%
of back COLAs) and a 2.38% COLA for 20122013
$377 million for growth/restoration
*$1.483 billion total*
No mention of plan for deferral recovery
Source: Chancellor’s Office Southern Budget Workshop August 17, 2011