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BUDGET WORKSHOP

BUDGET WORKSHOP. 2010. STRATEGIC BUDGET PLANNING GOALS. 5 YEAR OPERATIONAL BUDGETS 5 YEAR FUND BALANCE ANALYSIS 5 YEAR PHYSICAL PLANT/CAPITAL IMPROVEMENT SCHEDULE. FISCAL PLANNING. 5 Year Budget Forecasting National Fiscal Indicators State Trends Health of Local Economy/Tax District

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BUDGET WORKSHOP

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  1. BUDGET WORKSHOP 2010

  2. STRATEGIC BUDGET PLANNING GOALS 5 YEAR OPERATIONAL BUDGETS 5 YEAR FUND BALANCE ANALYSIS 5 YEAR PHYSICAL PLANT/CAPITAL IMPROVEMENT SCHEDULE

  3. FISCAL PLANNING • 5 Year Budget Forecasting • National Fiscal Indicators • State Trends • Health of Local Economy/Tax District • Commercial Development • Appraisal Values

  4. LOCAL FISCAL DEVELOPMENTS • CALLER TIMES-APRIL 28, 2010 • TAX ROLLS OF NUECES COUNTY DECREASED TO $18.5B FROM $19.4B IN 2009 • 56% OF RESIDENTIAL PROPERTY APPRAISED LOWER IN VALUE THAN IN 2009

  5. FISCAL IMPACT ON BUDGET • PRELIMINARY DISTRICT APPRAISAL VALUE -$713,013,474 • APPLY 2009/2010 TAX RATE -$1,792,452

  6. REVENUE BALANCING ACT • STATE FORMULA FUNDING - Earned During the Base Year • Funded for the Biennium • COLLEGE DISTRICT AD VALOREM TAXES • Appraisal Established in Preceding Year • Tax Rate Change Requires Board Action • STUDENT CHARGES • Set by Board in January/February

  7. 2010/2011 PreliminaryBudget Estimates

  8. 2010/2011 PreliminaryBudget Estimates

  9. BUDGET STRATEGIES • IMMEDIATELY FREEZE 2010 EXPENDITURES • INCREASE USE OF PART-TIME WORKERS AND ADJUNCT FACULTY • DECREASE 2010/2011 EXPENDITURES • REQUEST THE BOARD TO WAIVE BUDGET CONTINGENCY REQUIREMENT • CONSIDER FUND BALANCE AS ONE-TIME RESOURCE • FREEZE SALARY STEP/EXPERIENCE PAY

  10. BIENNIUM FUNDING PROJECTION 2011-2012 • 2009-2010 CH X 1.05% = BASE YEAR CH FOR 2011-2012 • 5,313,184 CH X 1.05% = 5,578,843 CH • Projected value for Average Contact Hour = $6.35 • Projected 2011-2012 Biennium Funding = $35,425,654 • $1,754,176 LESS than 2009-2010 Biennium or • $877,088 LESS STATE REVENUES/FISCAL YEAR

  11. 2011 – 2012 Preliminary Budget Estimate

  12. 2011 – 2012 Preliminary Budget Estimate

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