Budget Allocation Elements of a Budget Model • Alignment with Board Budget Priorities – – – – Rapid response to workforce gaps Address college and career readiness Invest.
Download ReportTranscript Budget Allocation Elements of a Budget Model • Alignment with Board Budget Priorities – – – – Rapid response to workforce gaps Address college and career readiness Invest.
Budget Allocation
Elements of a Budget Model
• Alignment with Board Budget Priorities
– Rapid response to workforce gaps – Address college and career readiness – Invest in contemporary software solutions – Increase the number of high value degrees and transfers
Elements of a Budget Model
• Effective decision making in allocating resources • Encourages responsible risk taking • Easy to understand • Performance based outcomes • Provides transparency and accountability • Multi-year process
Budget Allocation Models
TODAY
• Input based • Base Allocation • Facilities Allocation • Chargebacks • Expense based
TOMORROW
• Still Input based but moving to Outcome based allocation • Aligns with Board priorities • Reward efficient use of resources both human and capital • Revenue based-Colleges get what they earn
College Allocation
TODAY
• Base 10% • Inputs 75% – College earned revenues 5% • Facility Operations 11% • Board Priorities 4%
FY2016
• Inputs 72% – College earned revenues 41% • Success Points/ Performance Funding 14% • Facility Operations 6% • Board Priorities 8%
College Allocation
TODAY
• State – Formula $179M (subsidized) – Benefits $21M (subsidized) • Tuition – CE $13M • Tax Support – Base $28M – Facilities $31M – Other $7M • Total $279M – Without Chargebacks
FY2016
• State (biennium) – Formula $77.8M
– Success $7.4M
– Benefits $17.0M (est) • Tuition (annual) – Credit $92.0M; CE $12.8M
• Tax Support (annual) – Facilities $19.5M
– Performance $31.0M
– Dual Credit Waivers $7.7M
– Salaries $10.9M
– Other $6.6M
• Total $282.7M
College Allocation
• Revenue Smoothing Adjustment – Success Points (Two years) – Performance Funding (Prior FY) • Employment Outcomes • Transfer Rates • Graduates in Critical Fields • Degrees and Certificates • Course Completions – Adjustment based on prior budget model over three years • There may still be adjustment to Performance funding
Expenses
• Full cost of Benefits---not Net – Fixed cost plus a variable percent – No revenue for Public Serv., Facility & Auxiliary – Based on December 2014 payroll (for FY16-17 biennium) – HEGI FY16 one amount and FY17 will increase 7% – Retirement revenue does not change for biennium – Actual Expense will book to high level functional division • P&C Insurance, telephone and police dispatch will still be chargebacks • All other chargebacks will be a District expense-- College Services • LCET will be a college service—no tuition • New programs and Career Ladder Provision
Budget Comparison
TODAY
• Colleges $279M • Chargebacks $28M • District $28M • Provisions $13M • Student Activities $6M • Projects $16M • Career Ladder $8M • Total $378M
FY2016
• Colleges $282M • College Services $27M • District $30M • Provisions $16M • Student Activities $8M • Projects $16M • Career Ladder $11M • Total $390M
FY2017
• Compression Planning with Presidents to determine measurements • Possible changes
– More wage related degrees – Promote course sharing among colleges – Facility utilization – Institutional Support metrics
STATE CONTRIBUTION State Funding:
Formula Success Points Benefits Workstudy
TOTAL STATE CONTRIBUTION
DALLAS COUNTY COMMUNITY COLLEGE DISTRICT
2015-2016 BUDGET ALLOCATION - EL CENTRO COLLEGE
Original Budget Allocation- Model B
Updated as of: 5/28/2015 4pm EL CENTRO BJPIED EL CENTRO - WC ECC-All Locations 35.97%
$ 12,043,271 $ 955,173 $ 2,465,000 $ 192,205
$ 15,655,649
$ 1,316,537 $ 20,248 $ 127,500
$ 1,464,285
$ 260,341 $ 20,248 $ 68,000
$ 348,589
$ 13,620,149 $ 995,669 $ 2,660,500 $ 192,205
$ 17,468,523 LOCAL CONTRIBUTION Local- Student (Net Tuition)
Credit Cont Ed
Local-Taxes
Facilities Ops, Maint. & Security ($4/Square Foot) 100% 100%
36.13%
$ 10,706,006 $ 609,182 $ $ 2,660,996 $ 566,972 $ 28,732 $ 11,272,978 $ 3,298,910 $ 2,317,672 $ 515,432 $ 138,400 $ 2,971,504
TOTAL LOCAL CONTRIBUTION $ 13,632,860 $ 3,176,428 $ 734,104 $ 17,543,392
PERFORMANCE FUNDING
Employment Outcomes: Job Placement Rates (Gainful Employment) Transfer Rates Graduates in Critical Fields Graduates: Degrees & Certificates (incl CEU's) Course Completion Rate
TOTAL PERFORMANCE FUNDING
DALLAS COUNTY COMMUNITY COLLEGE DISTRICT
2015-2016 BUDGET ALLOCATION - EL CENTRO COLLEGE
Original Budget Allocation- Model B
Updated as of: 5/28/2015 4pm 10.73%
$ 1,511,688 $ 1,511,688 $ 738,339 $ 1,723,957 $ 542,551 $ 663,961
$ 5,180,496
$ 15,736
$ 15,736
$ 15,736
$ 15,736
$ 738,339 $ 1,723,957 $ 542,551 $ 695,432
$ 5,211,967 BOARD PRIORITIES
Adjunct Rule Change DART Free Program Dia de la Familia Dual Credit Waivers HCRC Nursing/Allied Health Stipend Prior Year Salary Adjustments Visiting Scholar/SAAP Initiative
TOTAL BOARD PRIORITIES 7.78%
$ 293,608 $ 950,000 $ 741,193 $ 293,608 $ 950,000 $ 741,193 $ 280,000 $ 1,132,155 $ 285,714
$ 3,682,670
$ 53,574
$ 53,574
$ 18,035
$ 18,035
$ 280,000 $ 1,203,764 $ 285,714
$ 3,754,279
DALLAS COUNTY COMMUNITY COLLEGE DISTRICT
2015-2016 BUDGET ALLOCATION - EL CENTRO COLLEGE
Original Budget Allocation- Model B
Updated as of: 5/28/2015 4pm 2.49% RECURRING ITEMS
Misc College Income
TOTAL RECURRING ITEMS Smoothing Adjustment COLLEGE ALLOCATION Reconciliation of Requested Fund Balance & Debt Service Transfers Use of Fund Balance Debt Service Transfers TOTAL COLLEGE BUDGET
$ 1,161,774 $ 48,301 $ 700 $ 1,210,775
6.19% $ 1,161,774 $ 48,301 $ 700 $ 1,210,775 0.75%
$ 1,950,566 $ 884,281
$ 41,264,015 $ 5,642,605
$ 170,058 $ 3,004,905
$ 1,287,221 $ 48,193,841
$ 364,636
$ 41,628,651 $ 5,642,605 $ 1,287,221
$ 364,636
$ 48,558,477