Transcript 2013-14 Board of Trustees Budget Workshop June 19, 2013 Mission, Vision and Values Adopted by Board of Trustees, October 2012 Mission Mission Hillsborough Community college delivers teaching.

2013-14 Board of Trustees
Budget Workshop
June 19, 2013
1
Mission, Vision and Values
Adopted by Board of Trustees, October 2012
Mission
Mission
Hillsborough Community
college delivers teaching and
learning opportunities that empower students to achieve
their educational goals and become contributing members
of the local community and a global society.
Vision
Hillsborough Community College will excel in proactively
responding to the evolving educational needs of our
students, staff, workforce, and community through
assessment and continuous improvement.
2
Mission, Vision and Values
Adopted by Board of Trustees, October 2012
Values
•
•
•
•
•
•
•
•
Student Success
Community Service
Diversity and Inclusion
Sustainability
Integrity
Innovation
Accountability
Professional Development
3
Funding Trends, Florida College
System
4
5
6
The Florida College System Program Fund Appropriations by Source
Lower and Upper Levels Combined
The Florida College System Program Fund Appropriations per FTE
Lower and Upper Levels Combined
The Florida College System Comparison of FTE to State Funding per
FTE, Lower and Upper Level Combined
9
10
Florida College System, State & Student Share of Operating Budgets
Hillsborough Community College
2013-14 Budget Parameters
12
ASSUMPTIONS FOR HCC’S
2013-14 BUDGET PLANNING
• No Increases in Tuition & Across-the-Board*
Fees
• Assume 3% Enrollment Decline
• Consider 3% salary adjustments
• Inflationary adjustments to current
expenses
*Two User Fees Recommended, Pay-for-Print and Textbook Rental, non-return of Book
13
HCC State Appropriations
• State Appropriated Funds of $52,640,686,
a $4,380,941 increase
– Community college Program Funds
– Lottery Funds
$42,836,763
$9,803,923
• Funds for Construction & Renovation
Needs
$2,049,692
14
Funding Inequities
• 17 colleges below 70.35% system
average
• Amount to bring all colleges up to a
minimum of 70.35% of model funded,
$47.4 million
• Amount to bring HCC up to
70.35% of model funded
$9.3 million
16
HCC Tuition and Fee
Considerations
18
Tuition & Fees, No Changes
Proposed for FY 2013-14
2012-13
Tuition
2013-14 % Change
$80.45
$80.45
0.0%
Access Fee
0.54
0.54
0.0%
Financial Aid Fee
4.03
4.03
0.0%
Technology Fee
3.91
3.91
0.0%
Student Activity
7.23
7.23
0.0%
Capital Improvement Fee
8.23
8.23
0.0%
Total Resident /Credit Hr
$104.39
$104.39
0.0%
19
Proposed Tuition & Fees Compared
to Authorized Maximum
2013-14
Proposed
Maximum
Authorized
% Change
$80.45
$82.78
2.9%
Access Fee*
0.54
0.54
0.0%
Financial Aid Fee
4.03
4.14
2.7%
Technology Fee
3.91
4.14
5.9%
Student Activity
7.23
8.26
14.3%
Capital Improvement Fee
8.23
10.23
24.3%
Total Resident /Credit Hr
$104.39
$110.09
5.46%
Tuition
*Access Fee Amount can be established by Board of Trustees.
20
User Fees, Recommendation #1
Pay for Print
PROPOSED FEES
JUSTIFICATION
Single-Sided
Black & White
Color
$0.10
$0.35
Supports the College’s sustainability
initiatives, and also serves to
recover costs of paper, toner and
equipment leases.
Double-Sided
Black & White
Color
$0.08
$0.30
Review of other schools identified
that recommended charges are
within ranges for similar pay-forprint programs.
21
User Fees, Recommendation #2
Textbook Rentals, Non-return of Book
PROPOSED FEE
$20 for Non-Return of
Rented Textbook
JUSTIFICATION
The Bookstore is instituting a textbook
rental program. Textbooks can be rented
for 50% of current retail price. If student
fails to return the textbook at semester
end, the student will be charged for the
difference between rental and retail
price, plus a $20 fee for processing costs
related to recovery.
22
Legislative Hot Topics
• Dual Enrollment
• Incentive Funding for Certain Industry
Certifications
• Future Performance Funding
• Developmental Education
• Fund Balances: New Data Request
23
Dual Enrollment
24
Change to Dual Enrollment
• Senate Bill 1514 requires school districts
to pay the standard tuition per credit
hour (now $71.98) for courses taken by
dual enrollment students on a college
campus.
• Requires school districts to reimburse
colleges for instructional costs when
sections are taught at the high school.
25
HCC Dual Enrollment
Public High Schools
Headcount
Credit
Hours
Private High Schools
Headcount
Credit
Hours
Home Schooled
Headcount
Credit
Hours
On HCC
Campus
839
5,546
98
727
61
809
@ High
School
1,365
6,078
74
727
0
0
TOTALS
2,204
11,624
172
1,454
61
809
Reporting Periods: Fall 2012, Spring 2013 (NOTE: Colleges are not to charge school
districts for Summer Dual Enrollment credits)
26
Potential Revenue Return
• The standard tuition rate is currently
$71.98 per credit hour.
• Cannot bill for Summer semester credits.
• Assuming 2012-13 Fall & Spring
Enrollments, Potential Additional
Revenue to HCC = $451,530.
27
Potential Cost Reimbursement
• HCC offered 141 sections taught at high
schools.
• Approximate reimbursement for
instructional costs = $248,000.
28
Performance Funding for
Industry Certifications
29
Industry Certifications
• SB 1076 appropriated $5,000,000 for
Performance Based Incentives for
industry certifications in 2013-14
• Colleges may earn bonus funding ($1,000
per certification) when students obtain
certain industry certifications.
30
Industry Certifications Identified
for FY 2013-14
•
•
•
•
•
•
Automotive service technology
Cyber security
Cloud virtualization technology
Advanced manufacturing
Welding
Federal Aviation Administration airframe
mechanics
• Pharmacy technician
• Heating, ventilation and air-conditioning techs
31
Performance Funding for
Florida College System
32
Performance Funding
• Requires that by October 31, 2013, State Board
of Education recommends methodology to
distribute performance funding based upon
percentage of graduates employed or enrolled
in further education, average wages of
employed graduates, and average cost of
graduate.
• No Funding provided for FY 2013-14
33
Developmental Education
SB 1720
34
Developmental Education
• SB 1720 includes Developmental
Education Reforms to affect Advising,
Testing & Placement, Curriculum &
Instruction, Implementation and
Reporting
• No Funding Reductions in FY 2013-14 due to
Developmental Education Changes.
35
Developmental Education
• Each Florida College System institution board
of trustees shall develop a plan to implement
the developmental education strategies
defined in s. 1008.02 and rules established by
the State Board of Education. The plan must
be submitted to the Chancellor of the Florida
College System for approval no later than
March 1, 2014, for implementation no later
than the fall semester 2014.
36
HCC Enrollment &
Budget Trend Data
37
Review of HCC 2012-13 Enrollment
Planned for 5% enrollment decline:
• Fall 2012
-1.9%
• Spring 2013
-4.4%
• Summer 2013
-6.3%
Projected FTE Enrollment (UNOFFICIAL)
-5.7%
38
HCC Full-time Equivalent (FTE)
Enrollment History & Projection
25,000
20,886
20,000
21,771
18,775
16,623
16,998
2006-07
2007-08
21,676
20,436
19,823
15,000
10,000
5,000
0
2008-09
2009-10
2010-11
2011-12 Estimated Projected
2012-13 2013-14
39
HCC State Aid vs. Student Tuition Revenue
per Full-time Equivalent Student (FTE)
$3,500
$3,153
$2,844
$3,000
$2,852
$2,710
$2,652
$2,576
$2,371
$2,500
$2,186
$2,000
$2,362
$2,254
$2,656
$2,219
$2,098
$1,969
State Aid Per FTE
$1,500
Tuition Per FTE
$1,000
2007/08
2008/09
2009/10
2010/11
2011/12
Estimated
2012/13
Projected
2013/14
Note: State Aid for 2009/10 and 2010/11 does not include Federal pass-through Fiscal
Stabilization Funding per FTE of approximately $190.
40
HCC Revenue Trends, % of Operating
Budget, 2009-10 to 2013-14
60.00%
53.9% 53.4%
51.3%
50.00%
50.6%
49.0%
48.0%
47.2%
43.9% 44.3%
44.9%
40.00%
FY 2009/10
FY 2010/11
FY 2011/12
30.00%
FY 2012/13
FY2013/14
20.00%
10.00%
3.8%
3.0%
2.2%
2.3%
2.2%
0.00%
State Approriations
Student Fees
Other Sources
41
HCC Expenditures by Function
50,000,000
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
Instruction
Public Service
Academic
Support
Staff/Program
Development
Student
Support
Institutional
Support
Plant
Operations
Student Aid
Transfers,
Contingencies
, Etc.
FY 2009/10
43,717,938
324,355
6,638,307
547,634
10,209,715
20,794,694
14,506,068
411,683
2,468,620
FY 2010/11
47,140,201
375,154
7,361,892
681,302
11,052,855
20,867,805
15,490,227
474,601
1,314,937
FY 2011/12
47,246,484
423,737
7,310,349
720,803
10,933,356
23,516,402
17,745,844
476,338
3,777,931
42
Renovation and
Maintenance Needs
43
Age of HCC's Square Footage
600,000
505,511
500,000
435,600
Square Footage Added per Decade
400,000
307,561
300,000
226,909
200,000
101,607
100,000
76,960
0
Prior to 1970
1970 to 1979
1980 to 1989
1990 to 1999
2000 to 2009
2010 or Newer
44
General Renovation Needs
• FY 2012-13 Sum-of-the-Digit Appropriation
(for minor maintenance) = $264,542, or
≈$0.16 per square foot.
• Proposed for FY 2013-14 Sum-of-the-Digit
Appropriation = $2,049,692, or ≈ $1.24 per
square foot.
45
PECO Funding to HCC for General Renovation/Remodeling +
Sum-of-the-Digits, 2006-07 to 2013-14
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Sum of the Digits
General Renovations
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
$635,295
$772,876
$523,902
$506,643
$850,511
$252,329
$264,542
$2,049,692
$1,913,020
$2,656,764
$2,383,079
$949,018
$1,709,644
$708,230
$0
$0
46
Revenue Projection, 2013-14
$ Change
Increase in State Appropriations
Enrollment Decline, 3% Drop Budgeted
Other Revenues
Net Reduction in Operating Funds Available
$4,380,941
($1,580,872)
($112,698)
$2,687,371
Cost of Business Increases
$ Change
Custodial Services Contractual Increase
Title V Grant Obligation
$95,500
38,437
Employee Health Benefits & Retirement Rate
2,133,740
Full-time Salary/Wage increases
1,318,950
Estimated Increases, Terminal Pay
100,000
Additional Adjunct Faculty (primarily Allied Health)
174,833
Call Center, Increase in Funding from Unrestricted
Funds
$27,380
Cost of Business Increases (Cont’d)
$ Change
Apprenticeship Contracts, Enrollment
31,635
Technical Support, State Reporting Project
71,000
Additional Public Safety Costs
84,250
New 911 Public Safety Telecommunications Program
21,026
Repairs & Maintenance of Facilities
829,397
Materials & Supplies
284,873
General Liability Insurance Premiums
51,839
Cost of Business Increases (Cont’d)
$ Change
Additional Funding, Disability Services
200,000
Information Technology, Software Licenses
244,997
Total Estimated Cost of Business Increases
$5,687,857
Funding Gap (Deficit) Before Reductions/
Cost Savings
($3,000,486)
Funding Reductions from
2012-13 Budgeted Amounts
$ Change
Reductions in District Offices Administrative Budgets
$337,864
Grant Matching Funds
200,000
Professional Fees
209,263
Utilities- Sustainability and Energy Savings initiatives
201,713
Other Services
279,179
Corporate and Continuing Education
292,690
Funding Reductions from
2012-13 Budgeted Amounts
$ Change
Other Current Expenses
$413,938
Capital Outlay Budget
65,839
Transfer to Plant Fund
1,000,000
Total Expense Reductions
$3,000,486
Proposed FY2013-2014 Operating Revenue
$111,602,451
State Support,
$52,640,686 , 47%
Other Revenue,
$2,428,136 , 2%
Student Tuition &
Fees, $56,533,629 ,
51%
53
Proposed FY 2013-14 Operating Expenditures
$111,602,451
Capital Outlay
$2,326,661 2%
Current Expenses
$30,296,626 27%
Personnel Cost
$78,979,164 71%
54
Fund Balance Trends & Projection
Unallocated Fund
Balance as of:
Amount
Fund Balance as % of
Available Funds
$11,157,037
$15,573,008
$11,851,444
9.39%
11.93%
8.73%
June 30, 2013 (Projected)
$9,845,621
7.48%
June 30, 2014 (Proposed)
$9,845,621
7.68%
June 30, 2010
June 30, 2011
June 30, 2012
Minimum recommended fund balance by the State is 5.1% of Available Funds
Fund Reserves &
Board Designated Funds
Estimated Reserve for Encumbrances
Budget Stabilization*
$2,300,000
$4,500,000
Total Reserves & Board Designated Funds
$6,800,000
Combining Board Designated and
Unallocated Fund Balance Brings June
2014 Fund Balance Projection to 10.88%.
*Budget Stabilization to offset effects of potential enrollment declines,
natural disasters, and other economic uncertainties.
Review of Other Funds
57
Questions?
58