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Jackson State Community College

Jackson State Community College. Financial State of the College Division of Financial & Administrative Affairs February 27, 2008. Agenda. Financial Position Salary Comparison Allocation of Funds Student to Employee Ratio Comparison Maintaining Current Employment Level

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Jackson State Community College

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  1. Jackson State Community College Financial State of the College Division of Financial & Administrative Affairs February 27, 2008

  2. Agenda Financial Position Salary Comparison Allocation of Funds Student to Employee Ratio Comparison Maintaining Current Employment Level Implementation of CEP Summary Q & A

  3. Financial Position

  4. Reserve Balances JSCC Budget Reserves-3.6% 875,000 TBR Required Reserves-2% (483,500) Amount Above Minimum $ 391,500

  5. R&R, Campus Projects, Other

  6. Recurring Revenues & Expenses Recurring Unrestricted Revenue 24,372,700 Recurring Expenses (23,976,800) Difference $ 395,900

  7. Salary Comparison

  8. Ranking of Clerical/Support Staff 2007-2008 • Pellissippi State $ 29,877 • Southwest 29,660 • Volunteer State 29,410 • Motlow State 28,683 • Walters State 27,701 • Columbia State 27,541 • Cleveland State 27,001 • Roane State 26,799 • Nashville State 26,002 • Chattanooga State 25,713 • Dyersburg State 25,395 • Jackson State 25,163 • Northeast State 24,638 TBR Average 27,199 Difference-TBR/JSCC Average $( 2,036)

  9. Ranking of Admin/Pro-Tech Salary 2007-2008 • Motlow State $ 58,415 • Columbia State 57,629 • Roane State 55,458 • Walters State 54,957 • Chattanooga State 54,892 • Northeast State 53,752 • Volunteer State 53,688 • Cleveland State 53,424 • Pellissippi State 51,786 • Nashville State 51,404 • Southwest 51,130 • Dyersburg State 49,589 • Jackson State 48,778 TBR Average 53,454 Difference-TBR/JSCC Average $( 4,676)

  10. Ranking of Faculty Salary 2007-2008 • Pellissippi State $ 49,602 • Volunteer State 48,873 • Columbia State 48,496 • Walters State 48,007 • Chattanooga State 47,728 • Southwest 47,447 • Roane State 47,206 • Dyersburg State 46,716 • Jackson State 46,259 • Motlow State 44,929 • Cleveland State 44,528 • Nashville State 43,546 • Northeast State 43,014 TBR Average 46,642 Difference-TBR/JSCC Average $ (383)

  11. Average Salary Ranking Summary

  12. Ranking of Executive Salaries2007-2008

  13. Ranking of Executive Salaries2007-2008

  14. Average Salary Ranking Summary

  15. Funds Allocation

  16. Allocation of Funds Per Revised Budget2007-2008

  17. Ranking by PercentageTotal Salaries & Benefits as a percent of Budget

  18. Total Salaries & Benefits as a % Of Budget Ranking

  19. Ranking by PercentageTotal Operating as a percent of Budget

  20. Student to EmployeeRatio Comparison

  21. Student To Classified Employee Ratios 1. Columbia State 36.6 2. Motlow State 34.9 3. Pellissippi State 33.8 4. Volunteer State 33.3 5. Nashville State 32.6 6. Jackson State 31.5 7. Chattanooga State 31.1 8. Dyersburg State 28.8 9. Northeast State 28.0 10. Cleveland State 27.6 11. Walters State 25.7 12. Southwest 24.9 13. Roane State 24.5 Student served p/Classified Staff State Wide Average 30 Classified Staff size for JSCC to be @ average 100 JSCC current Classified Staff size 94 Adjustment required to be @ average ↑ 6

  22. Student To Admin/Pro-Tech Employee Ratios 1. Motlow State 56.3 2. Nashville State 54.5 3. Northeast State 50.3 4. Roane State 50.3 5. Pellissippi State 48.1 6. Volunteer State 46.3 7. Walters State 46.2 8. Jackson State 44.8 9. Columbia State 42.9 10. Cleveland State 38.0 11. Dyersburg State 35.6 12. Southwest 34.2 13. Chattanooga State 33.4 Std served p/Admin-Pro Tech Staff State Wide Average 43 Admin-Pro Tech staff size for JSCC to be @ average 69 JSCC current Admin Pro-Tech Staff size 66 Adjustment required to be @ average ↑3

  23. Student To FT Faculty/Academic Ratios 1. Motlow State 33.6 2. Northeast State 29.7 3. Cleveland State 28.8 4. Volunteer State 28.7 5. Columbia State 28.6 6. Pellissippi State 28.0 7. Dyersburg State 27.9 8. Chattanooga State 27.7 9. Walters State 26.8 10. Jackson State 26.7 11. Roane State 26.2 12. Nashville State 25.7 13. Southwest 24.5 Std served p/FT Faculty Academic staff State Wide Average 27 FT Faculty/ Academic staff size for JSCC to be @ average 108 JSCC current FT Faculty/Academic staff size 111 Adjustment required to be @ average ↓ 3

  24. Student To Total Employees Ratios 1. Motlow State 13.1 2. Columbia State 11.6 3. Pellissippi State 11.6 4. Volunteer State 11.5 5. Nashville State 11.3 6. Northeast State 11.2 7. Jackson State 10.9 8. Cleveland State 10.2 9. Walters State 10.2 10. Chattanooga State 10.2 11. Dyersburg State 10.1 12. Roane State 10.1 13. Southwest 9.0 Std served p/Total staff State Wide Average 11 Total staff size for JSCC to be @ average 277 JSCC current Total staff size 271 Adjustment required to be @ average ↑ 6

  25. Fall 2007 FTE Summary

  26. JSCC FTE Trend

  27. To Maintain Current Employment Level

  28. Funding Required To Pay Current Employment Level at TBR Average Salaries

  29. Implementation of Compensation Equity Plan

  30. Strategic Plan*Includes Projected CPI of 4.1 and 3.5%. Does not reflect rank promotions, years of experience, years of service, nor degree attainment increases

  31. National Community College Benchmark Project

  32. FT Faculty vs. Adjunct FT Faculty/Academic Adjunct Rate p/semester hour $500 Average Hrs p/semester 15 Average Salary p/semester 7,500 Semesters taught p/year 2 Tot Salary per year 15,000 FICA/FICA Med @ 7.65% 1,148 Total Average Adjunct Salary & Benefits p/year $16,148 Average Salary $46,259 Benefits @ 35% 16,191 Total Average Cost $62,450

  33. Difference in Costs Average Cost for FT Faculty $62,450 Average Cost for Adjunct 16,148 Difference in cost of FT Faculty and Adjunct $46,302

  34. Continuing to Fulfill CEP is Contingent Upon • TBR Restrictions • JSCC’s Ability to Pay 1)Appropriations 2)Enrollment-Tuition & Fees 3)Allocation of Resources

  35. In Summary

  36. JSCC’s Future Challenges • Maintain Reserves @ 2-5% • Maintain Current Recurring: 1)Salaries 2)Benefits 3)Operating $23,976,800 • Prepare for future growth • Secure Funding for R & R - $500,000

  37. Future Challenges continued • Secure funding for CEP for next 2 yrs $ 1.46m • Secure funding for Capital Projects • Health Science Building New Construction - $ 24.9 m • Library Addition - 7.1 m • 11 Other Unfunded Capital Maintenance Projects - 5.3 m Total Unfunded Capital Projects $ 37.3m • Secure funding for Campus Projects $ 3.8 m

  38. Institutional Options • Adjustment of FT Faculty/ Adjunct Ratio • Increased Enrollment • Maintain Current Staff and Enrollment Levels

  39. Lacking Progress • Admin/Pro-Tech salaries continues to rank 13th among TBR 2 year institutions • Classified Staff dropped to 12th in salary ranking among TBR 2 year institutions • Secure funding of $37.3m for Capital Projects and 3.8m for Campus Projects • All Executive Salaries are below average.

  40. Jackson State Community College Accomplishments • Ranks 3rd among 13 TBR 2 year institutions in commitment of funds to Salaries & Benefits – 78.9% • Faculty’s salary ranking improved from 10th to 9th • FT Faculty/Academic to Student ratio increased from 24 to 27

  41. JSCC’s Accomplishments Continued • Classified and Pro-Tech are both above average in number of students served per staff • Opening of Humboldt Site • Completed Phase III of CEP bringing all employees to at least 91.87% of target • Completed 14% of Campus Projects

  42. JSCC’s Accomplishments Continued • Maintained balanced budget • Enrollment ↑ by 5.9% 2nd highest ↑ of all 2 and 4 year schools in TBR system

  43. Questions & Answers

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