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Presented by Kate Jolley

Sonoma County Junior College District 2013-14 Adopted Budget. Presented by Kate Jolley. Director of Fiscal Services. 2013-14 Adopted Budget. Fifteen Funds in the District Special Revenue (Farm, Child Development, Parking) Capital Related ( G O Bond, Capital Outlay)

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Presented by Kate Jolley

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  1. Sonoma County Junior College District 2013-14 Adopted Budget Presented by Kate Jolley Director of Fiscal Services

  2. 2013-14 Adopted Budget • Fifteen Funds in the District • Special Revenue (Farm, Child Development, Parking) • Capital Related (GO Bond, Capital Outlay) • Internal Service (Retiree Benefit, Self Insurance) • Fiduciary (Student Rep Fee) • General Fund • The “main” fund • Three types of accounts • Unrestricted • Designated • Restricted Overview

  3. 2013-14 Adopted Budget • Unrestricted accounts • Where the District conducts its core mission • Designated accounts – internally raised funds for specific purpose • Culinary café sales • Library copier • GED and Assessment testing • Restricted accounts– external funds for specific purpose • DSPS • Matriculation • CTEA • Health fees Account Types

  4. 2013-14 Adopted Budget Unrestricted General Fund • Revenues • Federal • State • Local • Apportionment • FTES + Basic allocation • Property taxes • Student enrollment fees • Educational Protection Act • General apportionment

  5. 2013-14 Adopted Budget Looking Back • Started 2012-13 with $5.9 million structural deficit • Revenues did not cover our expenses • Offsets • Workload reduction $1.8 million • Employee concessions $3 million • Budgeted spend down of $1.1 million

  6. 2013-14 Adopted Budget 2012-13 Unrestricted Revenue • Unrestricted Federal - $30,273 • Unrestricted State - $43,235,805 • Unrestricted Local - $55,491,561 • Transfers / Other inflows - $67,952 Total Unrestricted Revenue - $98,825,591

  7. 2013-14 Adopted Budget 2012-13 Total Revenue • Unrestricted Total - $98,825,591 • Restricted Revenues • Federal - $2,067,271 • State - $5,601,433 • Local - $1,562,632 • Transfers/Other - $70,009 • Total Revenues - $108,126,936

  8. 2013-14 Adopted Budget 2012-13 Apportionment Revenue • Apportionment • General Apportionment - $22,338,841 • Educational Protection Act - $14,046,633 • Property Taxes - $42,173,712 • Student Fees - $9,065,033 • Total Apportionment - $87,624,219 • 88.7% of our unrestricted revenue

  9. 2013-14 Adopted Budget 2012-13 Total Expenses • Academic salaries - $45,335,726 • Classified salaries - $25,392,222 • Benefits - $21,568,930 • Supplies - $2,732,979 • Services - $9,312,998 • Capital outlay - $1,063,218 • Transfers / other outgo - $3,200,095 • Total Expenses- $108,606,169

  10. 2013-14 Adopted Budget 2012-13 At a Glance • Total General Fund Revenue- $108,126,936 • Total General Fund Expenses- $108,606,169 • Decrease to fund balance - $(479,233) • Structural deficit - $5.9 million • Employee concessions $3 million • Workload reduction $1.8 million • Reduced backfill categorical $400k • Miscellaneous $200K

  11. 2013-14 Adopted Budget 2013-14 Budget Assumptions • Major Revenue Assumptions • FTES – 20,500 • COLA 1.57% - $1.43 million • Growth / Restoration - $2.2 million • Deficit Funding - 3% • Lottery funding - $121K • Major Expenditure Assumptions • Salary increases $3.1 million • Step increases - $486K • Health benefit increases - $803K • Increased student access - $1.8 million • Retiree liability - $1.6 million

  12. 2013-14 Adopted Budget 2013-14 Unrestricted Revenue • Unrestricted Federal - $30,500 • Unrestricted State - $45,953,230 • Unrestricted Local - $56,124,698 • Transfers / Other inflows - $464,800 Total Unrestricted Revenue - $102,573,228

  13. 2013-14 Adopted Budget 2013-14 Total Revenue • Unrestricted Total - $102,573,228 • Restricted Revenues • Federal - $2,567,888 • State - $6,886,769 • Local - $3,088,088 • Transfers/Other - $184,491 • Total Revenues - $115,300,464

  14. 2013-14 Adopted Budget 2013-14 Apportionment Revenue • Apportionment • General Apportionment - $29,885,053 • Educational Protection Act - $11,528,045 • Property Taxes - $42,811,500 • Student Fees - $7,647,543 • Total Apportionment - $91,872,141 • 89.6% of unrestricted revenue

  15. 2013-14 Adopted Budget 2013-14 Budgeted Expenditures • Academic salaries - $50,775,152 • Classified salaries - $27,692,273 • Benefits - $21,852,486 • Supplies - $3,063,497 • Services - $10,210,286 • Capital outlay - $2,517,294 • Transfers / other outgo - $4,694,699 • Total Expenses- $120,805,687

  16. 2013-14 Adopted Budget 2013-14 At a Glance • Total General Fund Revenue- $115,300,464 • Total General Fund Expenses- $120,805,687 • Decrease to fund balance - $(5,505,223) • Ending Fund Balance $6.95 million • 5.76% of expenditures

  17. 2013-14 Adopted Budget • Achieving growth is imperative • Funding based partially on FTES • Attracting and retaining • Marketing / Outreach • Facilities • Technology Looking Ahead at FTES

  18. 2013-14 Adopted Budget • Governor’s Budget in January • Funding based partially on COLA • Since 2008-09, lost over 17% in cumulative unfunded COLA Looking Ahead at COLA

  19. 2013-14 Adopted Budget Looking Ahead to 2014-15 • Continue reducing expenditures • Have all done so much more with so much less • Continue to diversify revenue base • International program expansion • Grants • Facilities rentals • Aren't out of the woods yet

  20. Sonoma County Junior College District 2013-14 Adopted Budget Questions?

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