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South Seattle College

Learn about the budget development process at South Seattle College, including an overview of the state budget, strategic priorities, and unmet needs. Explore the college's operating budget and the challenges of enrollment and tuition collection. Discover the initiatives to be funded in the 2015-16 fiscal year and the alternative funding models considered. Get involved in the budget development process and help prioritize long-term initiatives.

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South Seattle College

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Presentation Transcript

  1. South Seattle College All College Meeting March 11, 2015 Olympic Hall

  2. Welcome to 2015-16FY Planning • State Budget Overview • South’s Strategic Priority and Budgeting • Operating Budget Overview • Unmet Needs • Budget Development Timeline

  3. What is budget? • Board approved spending authority • Tool to implement the strategic plan • Tool to manage accountability and compliance

  4. Budget Development Process Led by College Council • Empower campus community to engage in institutional decision making • Develop and prioritize initiatives and projects • Identify, share, and make the most effective use of college resources

  5. College Core Themes STUDENT ACHIEVEMENT TEACHING AND LEARNING COLLEGE CULTURE AND CLIMATE COMMUNITY ENGAGEMENT AND PARTNERSHIPS

  6. South 2017

  7. Total College budget

  8. Operating Budget

  9. Operating Budget by Category

  10. Enrollment Challenges College is allocated funds with the expectation of providing a certain level of education measured in FTES. • No relief in enrollment target • Low enrollment • Economic recovery • Competition and program offerings

  11. Tuition Collection Challenges • Soft enrollment • Program mix • More “aggressive” tuition budgeting

  12. 2015-16 FY Strategic Budgeting • INCREASE Enrollment, Retention, Completion • Meet FTE target • Increase tuition collection • Promote the long-term financial stability of the College

  13. 2015-16 FY Fiscal Variables State Operating Budget is not yet finalized • First year of 2015-17 Biennium • State Economic Forecast • K12 System Funding • College in the High School • Running Start • Career Readiness • Higher Education • NO tuition increase • College Bound Scholarship • Opportunity Scholarship

  14. 2015-16 FY Fiscal Variables • I-BEST and ABE programs • STEM programs • Math and Science • Computer science and engineering • MESA (Mathematics, Engineering, Science Achievement) • Aerospace apprenticeships • Compensation increase • Allocation change to Student Achievement Base model • Impact of International program support to college

  15. 2015-16 FY initiatives to Fund • Compensation increase • District wide initiatives • Faculty contractual obligation • Institutionalizing grant programs • Ctc.Link impact • Classified increments • Other

  16. 2015-16FYBalancing Act • Meet enrollment target • Increase tuition collection • Funding ongoing costs from accumulated Carry Forward is not fiscally sustainable

  17. 2015-16FY Budget Development Funded Not funded Prioritized list of unmet needs Identify an alternative funding models • Same level of Operating Budget is NOT guaranteed • NO across the board reductions

  18. Calendar • March • Review and approval of Fees • Provide Budget Development Worksheet March 16 • April • Complete Budget Development Worksheets • Develop realistic budget to meet the needs • Submit to department Vice Presidents by April 13 • Submit Worksheets to the Business Office April 21

  19. Calendar • April-May • Submit prioritized list of requests/cuts to College Council April 21 • College Council Hearings April 27 & 28 • June • College-wide Budget Hearing June 3 • Final budget approved

  20. Summary • Manage within the resources • Prioritize long term initiatives • Develop sustainable budget

  21. Questions Thank You!

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