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Mission College Budget Summary and Implications . Mission college 11-12 Budget shortfall Plan. One-time Funds Expected in Year-end Balances District Reduction Target $2,600,000 Office the Top Using Contingency $600,000 District’s Share (25%) $500,000
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Mission college11-12 Budget shortfall Plan One-time Funds Expected in Year-end Balances • District Reduction Target $2,600,000 • Office the Top Using Contingency $600,000 • District’s Share (25%) $500,000 • To be split between Colleges $1,500,000 (1-2,3) • WV’s share (53%) $795,000 • Mission’s Share (47%) $705,000 Mission will utilize salary savings and year-end operating Budget balances.
WVMCCD Budget reduction targetsfy 2012-2013 To be planned in 2011/2012. To take effect in 2012/2013 • District Reduction Target $3,000,000 • District’s Share (18%) $540,000 • To be shared by Colleges $2,460,000 (1-2) • WV’s share (53%) $1,303,800 • Mission’s Share (47%) $1,156,200
Budget Reduction planning Timeline- fall 2011 Budget Reduction Planning Timeline – Fall 2011 • September 15 Mission College forum brainstorms and responses to PC for a framework • September 28 PC framework goes to GAP for review and discussion • October 5 GAP workshop - GAP discusses reduction modalities Considering three alternatives: 1. least harmful, 2. somewhat harmful, and 3. most harmful • October 12 GAP workshop – continue framework & options • October 19 GAP Workshop – Constituent draft approval • October 20 Draft goes to constituents for review (AS, CS & ASG) • November 9 Constituent responses to GAP • November 16 GAP recommendation to President • November 30 Mission Decision – by President • December 1 Office of Administrative Services to submit 12/13 MC budget reduction plan to district finance office
framework • All budget reductions met the “least harmful” recommendation given to the president by the college through our budget focus workshops • Additional reduction of $150,000 due to the RAM transition also completed by “least harmful” measures – though our reserves are depleted in doing so – this transition takes care of the 11/12 monies • District backfill noted in the RAM is based on monies the college saves – this will not occur in 11/12 due to 2% shortfall
Implications • 12/13 Mission College will have to give another $150,000 as continued transition to West Valley • 12/13 may have additional cuts dependent on the state budget situation • 12/13 has no backfill from the district as noted in the RAM (additional reductions necessary) • Need to move from “least harmless” to other possible solutions
What are we Facing • Land Corp money used for one time spending needs • Somewhat Harmful or Most Harmful solutions depending on budget implications • Integrated Planning that utilizes all possible revenues for college goals • Enrollment growth beyond our target • Efficiencies in all areas of the college
How Long is this going to last? • 12/13 predicted to be the worst year • 12/13 economy rebounding before education sees the revenues • 12/13 economy rebound means fewer students coming back for retraining (implications for CTE) • 12/13 continued transition of RAM dollars to West Valley • 12/13 review of ftes split and further money transition to West Valley
