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Budget Forum 2014-15 Budget Development and Assumptions

Budget Forum 2014-15 Budget Development and Assumptions. March 2014. State Budget Proposal Highlights – Used for Assumptions. Access (prior “Growth”) $155.2 million to fund a 3% restoration of  access.  ( appx $ 1,200,000 for COS) Will primarily fund increase in FON

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Budget Forum 2014-15 Budget Development and Assumptions

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  1. Budget Forum2014-15 Budget Development and Assumptions March 2014

  2. State Budget Proposal Highlights – Used for Assumptions • Access (prior “Growth”) $155.2 million to fund a 3% restoration of  access. (appx$1,200,000 for COS) • Will primarily fund increase in FON • The budget will give priority to districts “identified as having the greatest unmet need in adequately serving their community’s higher educational needs.” Interpretation unknown at this time. • COLA - $48.5 million to fund a statutory COLA of 0.86%(appx $370,000 for COS) • Student Success(prior “Matriculation” - Restricted) $100 million to support student success programs, and $100 million to strengthen support for underrepresented students; i.e. Student Equity Plans (appx $240K for SS and unknown for SEP)

  3. State Budget Proposal Highlights – Used for Assumptions • Scheduled Maintenance and Instructional Equipment - $175 million to be evenly split (appx $650k for each at COS) • Deferrals - $235.6 million in budget year funding + $356.8 million proposed in one-time funds for this purpose, would completely eliminate the system’s inter-year deferrals.  • COS estimated FY13/14 deferrals = $4.7 million.  This will help with cash flow only, no new revenue nor one-time funds. • Proposition 39 - $39 million in funds to address energy efficiency projects and workforce development(appx $300K/year for COS)

  4. Projected Budget – Effect on Fiscal Solvency Plan with proposed .86% COLA & 3% Access 2014-15(estimated only for 15-16) Unrestricted Only

  5. Assumptions: Step and Column Costs, Cost of 1%, and H&W Increases

  6. Assumptions 2014-15 Budget External or Contracted Cost Increases

  7. Other possible assumptions? Included in 14-15 projections: • Election costs $140K every other year - budget 70K each year • Non-resident tuition coming in 100K under budget (note: lowered misc rev by 100K in 14-15 & 15-16) Not Included in 14-15 projections: • Scheduled maintenance match • Last 6 years: 08-09 & 13-14 funded out of bond (funds are now gone), 4 years eliminated by state, prior was out of General Fund • Only 1M available in Capital Facilities Fund for all future facilities needs • 650K SM grant for 14-15 – will gather up any facility funds or 1X $’s available • Historically +/-200K match – will project out of GF for 15-16 and beyond

  8. Other possible assumptions? Not included in 14-15 projections, cont’d: Misc. other: • audit fee $4,250 increase • Student transit fee $14,000 annually from General Fund • Ongoing discretionary base budget augmentations – to be approved in spring • From Program Review or to meet District Objectives - E.g.: • PTA Program • Office of Research and Institutional Planning • Marketing/Advertising Costs • Writing Center/Tutorial Center/Math Lab • Ongoing new staffing (classified/management) to be approved in spring • Building a deficit into the funding (-100K for 13-14 is built in, but none for 14-15 or 15-16; usually 0% to 2.25%?)

  9. FTES Update – Current Count(Enrollment Management Team Monitors)

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