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North Orange County CCD

North Orange County CCD. 2011-2012 Tentative Budget Assumptions June 28, 2011. 2011-12 Tentative Budget. Rollover Budget Starting point based on Governor’s May revise budget and subsequent budget updates Based on “Scenario A” Focuses on On-going Resources

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North Orange County CCD

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  1. North Orange County CCD 2011-2012 Tentative Budget Assumptions June 28, 2011

  2. 2011-12 Tentative Budget • Rollover Budget • Starting point based on Governor’s May revise budget and subsequent budget updates • Based on “Scenario A” • Focuses on On-going Resources • Final analysis of assumptions, Position Control, and new budget developments needed prior to Proposed Budget in September 1

  3. 2011-12 Tentative Budget FTES • Assumes funding for 92.6% of 10-11 Estimated Actual FTES • 11-12 Target established at 33,338, including: • 318 FTES reduction for SCE • 2.21% growth FTES for CC and FC • 5% workload reduction for CC, FC, and SCE • Cypress – 11,030 • Fullerton – 17,498 • SCE – 6,252.17 • Projects unfunded FTES at 0.63% 2

  4. Major Revenue Assumptions • Base of $148.4 million, made up of: • Basic Allocation and FTES funding – $157.5 million • Net apportionment reduction of 5.8% – ($9.1 million) 3

  5. Unrestricted General Fund Revenue Summary 4

  6. Major Expenditure Assumptions • Salary and Benefits increase of $2.7 million • 0% increase for 2010/11 • 0% increase assumed for 2011/12 • 10% increase in medical benefits • .7% increase in PERS rate • .89% increase in SUI rate • Includes Step & Column increases • No assumption made for STRS rate increase – cost of each 1% = $510,000 5

  7. Major Expenditure Assumptions(continued) • Retiree Medical Costs increased by 10%; $504,914 • District-Wide Expenses adjusted for institutional memberships and Child Care contribution – net increase of $24,806 • Suspended Contributions to Self Insurance Fund and Retiree Benefits Fund – ($2.7 million) 6

  8. Unrestricted General Fund Expenditure Summary 7

  9. Unrestricted Ongoing General Fund Excess Expenditures over Revenues 8

  10. What’s Changed Already… 9

  11. Additional Budget Information • Previous Budget Plan Vetoed on June 16 • New Plan Announced to Approve a Majority-Vote Budget • Gives up on vote for extended taxes • Replaces “creative” solutions with assumed higher revenues • If revenues do not materialize, $2.6 billion in cuts will be triggered • Risk to Community Colleges is $150 million…a move from Scenario A to Scenario B 10

  12. NOCCCD “Scenario B” Impact • Additional Reduction - $ (5,786,000) • On-going Deficit - $ (9,679,946) • FTES: • Scenario A – 6.15% vs. 5.0% planned; 1,754.64 • Additional Reduction in FTES of 403.55 • Scenario B – 10.05% • Additional Reduction in FTES of 1,368.62 11

  13. NOCCCD Approach • Planned course of action (Scenario A) still recommended to allow for a methodical approach to reductions • Excludes: • Retiree Benefits Contribution - $1.5 million • Self Insurance Contribution - $1.2 million • Non-Faculty Vacancies - $2 million • Scheduled Maintenance Contribution - $2 million 12

  14. Future Planning – 2012-2013 13

  15. Questions? 14

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