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Budget Update Welcome Back

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. Prop 30 passed- significant workload reductions avoided Small amount of growth included-$50 mil system wide

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Budget Update Welcome Back

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  1. Budget UpdateWelcome Back Mazie L. Brewington February 1, 2013 • “While the California budget is uncertain, there is one thing that is certain, it will change.”

  2. 2012-2013 Budget • 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

  3. Antelope Valley College 2012-2013 Budget Impact • 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

  4. 2012-2013 Unrestricted Fund Estimates Beginning Balance $ 7,502,546 Revenues $56,848,750* Expenditures $56,368,266 Ending Fund Balance $ 7,983,030 Surplus/(Deficit) $ 480,484 Reserve % 14.16% *Preliminary figures. Subject to change with P1 and PY Recalculation figures

  5. 2013-2014 Governor’s Budget • 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

  6. 2013-2014 Proposed Community College Budget • 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

  7. 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

  8. Questions?

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