1 / 12

BUDGET FISCAL YEAR 2014-15

BUDGET FISCAL YEAR 2014-15. BUDGET FISCAL YEAR 2014-15. STATE APPROVED BUDGET Impact to Hartnell COLA 0.85% Increases Basic Allocation from $ 3,654,834 to $ 3,685,900 = $31,066 increase Increases Revenue Per Credit FTES from $ 4,636 to $ 4,676 = $40 increase

toshi
Download Presentation

BUDGET FISCAL YEAR 2014-15

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BUDGET FISCAL YEAR 2014-15

  2. BUDGET FISCAL YEAR 2014-15 STATE APPROVED BUDGET Impact to Hartnell • COLA 0.85% Increases Basic Allocation from $3,654,834 to $3,685,900 = $31,066 increase Increases Revenue Per Credit FTES from $4,636 to $4,676 = $40 increase Total COLA Impact Increase: Approx. $296,093

  3. BUDGET FISCAL YEAR 2014-15 Growth/Restoration 2.75% (Partial 2011-12 Restoration) Impact to Hartnell Restored 231 FTES Funded Base 6,727 + 231 = 6,958 Projected Actual FTES = 7,100 (Prior Year: Funded 6,727; Actual 6,857; Unfunded 130 FTES) Revenue impact: $1,078,025

  4. BUDGET FISCAL YEAR 2014-15 Revenue Impact Summary COLA $ 296,093 Growth/Restoration 1,078,025 Apportionment Increase $1,374,118

  5. BUDGET FISCAL YEAR 2014-15 RESOURCES: DRAFT Federal Veterans Administration $ 3,500 Pell Administrative Assistance 20,000 Subtotal $ 23,500 State Apportionment $ 8,659,338 EPA Prop. 30 5,663,555 Lottery 880,000 State Mandate 189,000 Other 297,261 Subtotal $15,689,154

  6. BUDGET FISCAL YEAR 2014-15 Local Property Taxes $20,132,570 Student Enrollment 1,800,000 Non-Resident Students 225,000 Overhead From Restricted Fund 425,000 Other 490,078 Subtotal $23,072,648 Total Resources $38,785,302

  7. BUDGET FISCAL YEAR 2014-15 REQUIREMENTS: Academic Salaries $15,486,844 Classified Salaries 8,655,005 Payroll Costs/Benefits 8,434,751 Supplies/Materials 510,660 Operating Expense 5,738,263 Transfer-Out 530,000 Total $39,355,523 Surplus/(Deficit)$ (570,221)

  8. BUDGET FISCAL YEAR 2014-15 Tentative Budget Final Budget Diff. Resources Federal $ 24,000 $ 23,500 $ (500) State 14,961,913 15,689,154 727,241 Local 22,651,800 22,647,648 (4,152) Transfer-In 335,000425,00090,000 Total Resources $ 37,972,713 $ 38,785,302 $ 812,589

  9. BUDGET FISCAL YEAR 2014-15 Tentative Budget Final Budget Diff. REQUIREMENTS: Academic Salaries $15,330,788 $15,486,844 $156,056 Classified Salaries 8,525,761 8,655,005 129,244 Payroll Cost/Benefits 8,242,054 8,434,751 192,697 Supplies/Materials 585,570 510,660 (74,910) Operating Expenses 5,270,296 5,738,263 467,967 Capital Outlay 107,300 - 0 - (107,300) Transfer-Out 800,000530,000(270,000) Total $38,861,769 $39,355,523 $493,754 Surplus/(Deficit) $ (889,056) $ (570,221) $ 318,835

  10. BUDGET FISCAL YEAR 2014-15 CAPITAL OUTLAY Instructional Equipment: $350,000 Facilities: $600,000 Information Technology: $1,500,000

  11. BUDGET FISCAL YEAR 2014-15 Other Funds Projected Balance 6/30/15 General Fund - Restricted $10,581,535 Bookstore Fund 1,200,314 Child Development Fund 32,898 Capital Outlay Fund 3,000,500 Property Acquisition Fund 1,323,027 Bond Projects Fund 9,571,266 Contract Services Fund 36,180 Cafeteria Fund 183,893 Self Insured Fund 840,053 Retiree Health Benefits (OPEB) Fund $4,505,777 Associated Students Trust 410,005 Scholarship, Loan & Trust 118,392 Intercollegiate Athletics Trust 28,990

  12. HARTNELL COLLEGE Faculty Obligation Number Fall 2013 Obligation: 92.9 Actual 98.0 Fall 2012 Obligation: 93.9 Actual 98.6 Fall 2011 Obligation: 96.9 Actual 95.0 (Penalty) Fall 2010 Obligation: 96.9 Actual 93.0 (Penalty) Hartnell will have a penalty payment obligation of $130,000.

More Related