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Board Budget Workshop

This document provides a detailed breakdown of the 2017/18 Community College Budget released by the Governor on January 10, 2017. It covers key figures, allocations for various programs such as Guided Pathways and the Innovation Awards Program, and outlines major assumptions for the district budget development. It also discusses liabilities, budget development approach, and potential challenges affecting the budget in the upcoming years. The information is crucial for understanding the financial landscape of community colleges and planning for the future. Prepared by Ed Maduli.

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Board Budget Workshop

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  1. Board Budget Workshop January 24, 2017 Prepared by: Ed Maduli

  2. 2017/18 State Budget • Governor releases State Budget on January 10, 2017 • $122.5 billion general fund budget • $14.6 billion for community colleges

  3. 2017/18 Community College Budget • $94.1 million for a 1.48% COLA • $79.3 million for a 1.34% growth • $23.6 million for a base increase • $150 million for implementation of Guided Pathways (one-time) • $20 million for Innovation Awards Program (one-time) • $5.4 million for a 1.48% COLA for Apprenticeship, EOPS, DSPS, CalWorks and Child Care • $3.1 million for enrollment growth in the full-time Student Success Grant program • $10 million for Online Education Initiative • $6 million for procurement of an Integrated Library System • $43.7 million for Physical Plant and Instructional Equipment Program (one-time) • $52.3 million for energy efficiency projects (one-time)

  4. What Is Not Funded (No Additional Augmentation) • Student Success • Student Equity • Workforce/CTE Pathways • Basic Skills • Adult Education • 24 BOG-approved Capital Outlay Projects

  5. State Revenue Impact on Community Support Districts • No State apportionment • Continue to receive funding for: • Lottery • EPA • Mandated costs • Student Categorical Funds • Other State/Federal Grants

  6. 2017/18 District Budget • Major assumptions • 1.48% State COLA • No growth or restoration funds • WSCH: 530 • FTES Target: 14,000 • 5% reserve and no more than 3% contingency reserve • 309.0 FTE faculty funded • Student categorical funding same as 2016/17 • Proposition 30 funded at $100/FTES • Meet statutory obligations • Faculty hiring funding

  7. Budget Development Approach • Maintain community support status • Stabilize enrollment • Use Resource Allocation Model • Balanced Budget

  8. 2017/18 FTES Target

  9. 18 – 22 year olds/California

  10. District Liabilities • Banked Leave • Vacation and Comp Time • Lease Revenue Bonds • OPEB • CalPERS • CalSTRS

  11. Banked Leave Liability

  12. Vacation and Comp Time Liability

  13. Lease Revenue Bonds – 2009

  14. 2016 Lease Revenue Bonds Debt – 2009A1 Refunding comparison Total debt prior to refunding = $80,157,674 Total debt after refunding = $69,333,131 Total savings from refunding = $10,824,543

  15. Lease Revenue Bonds Debt– 2011

  16. OPEB

  17. CalSTRS and CalPERS Summary of Employer Contribution Rate

  18. CalSTRS and CalPERS Rate Increase

  19. 50% Law

  20. Faculty Obligation Number *FON Frozen

  21. Factors affecting District Budget in the Out Years • Possible recession • Federal Grants

  22. Summary of Cost for Banner Implementation

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