College of the Sequoias

1. College of the Sequoias 2014-15 Final Budget September 8, 2014

2. Budget Process • Tentative Budget is created based on May Revise • Approval of Tentative Budget by Board in June authorizes expenditures over summer • Summer - Legislature proposes adjustments to state allocations, and Governor negotiates • State Budget is adopted by June 15th (legislature); Governor approves by June 30th • Staff account for final changes to income & expenditures • Final Budget is adopted by Board in September

3. Final Budget - Assumptions: • 2.75% Access Funding (Growth) = $1.1M • Primarily covers 11 new FTES (10 in GFU) • .85% COLA = $400,000 COS • Covers Step/Column costs $373K • 3.5% H&W cap increase (50%) for Management & CSEA $100,000 • COSTA still awaiting PERB resolution • One additional Full Time Temporary English Faculty $95,000

4. Final Budget - Assumptions: • 3% salary increase for CSEA, Management & Confidential units • Cost = $330.5K Unrestricted, $80.5K Restricted ($411K total) • Paid for by: • 90K (move new vet counselor into SSSP ongoing) • 55K (paid off 2004 Muni Lease COP in June 2014 – ongoing savings) • 125K CalSTRS decrease 9.5% to 8.88% (final) for 2014-15 • 61K freed up GFU $’s from Instructional Equipment Grant • Categoricals cover their respective increases

5. Final Budget - Assumptions: • Scheduled Maintenance/Instructional Equipment $1.15M for COS (zero match required) • Scheduled Maintenance • $635K for Live Oak Renovation • $257K for other scheduled maintenance projects • Instructional Equipment • $257K for “proposed and planned” instructional equipment expenditures in technology budget (frees up GFU) • $95K of freed up GFU $’s covers new full-time temp faculty • $61K toward increased GFU salary costs • $37K for state apportionment decrease at final budget • $50K for additional instructional equipment or other GFU costs

6. Final Budget - Assumptions: • Student Success Funding is estimated – budgeted at $1.1M (could be higher/lower) • Student Equity Funding budgeted at 0 (Just released = 692.6K). Based upon: • 40% FTES, 25% Pell Grants,15% Household Income, + Age, Educational Attainment & Unemployment Rate • Decreased STRS by $125K – employer contribution rate decreased from tentative budget assumption of 9.5% to final budget assumption of 8.8%

9. Links between Resource Allocations & District Goals and Objectives: • Eleven new Full Time Faculty Hired (incl 1 counselor) • Also added an additional Full Time Temporary - English • Focus Area II: Students’ Success in Completing their Education • Goal IIA: Create a culture of Achievement • DO#1: Provide effective academic support services • DO#6: Accelerate the schedule for offering the basic skills sequence in English or Mathematics • Mission: Help our diverse student population achieve their transfer and/or occupational objectives • Mission: Supporting students’ mastery of basic skills, and provide programs and services that foster student success (e.g. new Math, English and Science Faculty)

10. Links between Resource Allocations and District Goals and Objectives: • One additional Full Time Counselor (Vets Counselor), and ongoing funding for additional Librarian services • Focus Area II: Students’ Success in Completing their Education • DO#3: Provide a level of counseling and library services for all District students that is equitable across the sites and instructional delivery modalities. • DO#4: Pilot a program of deliberate counseling – basic skills and degree/certificate/transfer planning • New Student Success/Student Equity Funding – Possible Degree Tracking systems upgrade • DO#4: Pilot a program of deliberate counseling – basic skills and degree/certificate/transfer planning

11. Links between Resource Allocations and District Goals and Objectives: • $90K Above Base Resource Allocation Funding (+110K from restricted lottery & other sources): • Focus Area II: Students’ Success in Completing their Education • DO#1: Provide effective academic support services • DO#7 Allocate resources based on an accountable & systematic District-wide planning and budget development process • $21.3K increase Writing Center budget/procedures to allocate lab/tutorial budgets to all three sites: • Focus Area II: Students’ Success in Completing their Education • DO#1: Provide effective academic support services • DO#3 Provide a level of counseling and library services for all District students that is equitable across the sites and instructional delivery modalities

12. Links between Resource Allocations and District Goals and Objectives: • $25k (10k additional + 15K transferred funds) new budget for Public Information – advertising, printing, and distribution of Governance materials, reports & manuals: • Focus Area IV: Efficient and Effective College Practices • Goal IVA: Maintain comprehensive, transparent, and accountable college operations at COS • DO#7 Systematic District-wide planning and budget development process • $21.5K (transferred funds) discretionary budget for Office of Research and Institutional Planning • Continuous Integrated Planning based upon data analysis • Focus Area IV: Efficient and Effective College Practices

13. Links between Resource Allocations and District Goals and Objectives: New classified/management Positions • DO#1 Provide effective academic support services • DO#7 Allocate resources based on…a budget development process that links this allocation to Program Reviews and Strategic Plan.

14. FISCAL SOLVENCY PROJECTIONS

15. Assumed 0% Access/COLA 15-16 & 16-17

16. Assumed 2% Access/COLA 15-16 & 16-17

17. FTES UpdateHistorical Perspective

19. Farm Budgets

20. Farm Budgets

21. Other Funds

22. Other Funds

23. Other Funds

24. Questions or Comments? • For Board Approval