1 / 30

Financial Overview

Financial Overview . Linn-Benton Community College August 2, 2010. Community College Finance. More students = less $$ per student How a 3% increase in taxes can equal no additional funds 3+5=4+4 National and Oregon economies slow recovery = A new normal. Micro Economics. Cows –B/E 3 years

wolfe
Download Presentation

Financial Overview

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. Financial Overview Linn-Benton Community College August 2, 2010

  2. Community College Finance • More students = less $$ per student • How a 3% increase in taxes can equal no additional funds • 3+5=4+4 • National and Oregon economies slow recovery = A new normal

  3. Micro Economics • Cows –B/E 3 years • Pigs – B/E 2 years • Sheep- B/E 1 year • Options • Stay same • Finance growth “pay as you go” • Finance growth with borrowing

  4. Micro Economics-The Commons

  5. Macro Economics- The Commons

  6. Macro Finance

  7. Distribution formulaThe CCSF “Commons”

  8. Distribution formula

  9. Back to the Farm • New assumptions-growth has over utilized the commons • Not enough grass to feed everyone's herds • What was once thought to be a drought is now “climate change” • Response must change

  10. Macro Finance

  11. TPR per FTE

  12. TPR per FTE-Inflation adjusted

  13. Two sides of the coin • Public good – Private Good

  14. Continuing Service Level

  15. What is the budget? • General Fund • Auxiliary Fund • Special Revenue Fund • Debt • Capital Projects/Reserves • Financial Aid • Enterprise

  16. All Funds Budget

  17. What about General Fund budget? • State Community College Support Fund • Property Taxes • Tuition • Other • Interest • Transfers-In • Miscellaneous

  18. General Fund Budget-Revenues

  19. General Fund Budget-Resources

  20. Delayed Payment Cash vs Accrual CASH ACCRUAL or RESERVE ODD FISCAL YEAR EVEN FISCAL YEAR

  21. Cut in FY10-11 (estimated)

  22. August 2008 Planning

  23. Why the “New Normal” • National unemployment • Reported 9.5% • Estimated when adding discouraged 16% • Labor Force • Grows 120,000 per month • Private Sector adding 140,000 jobs a month • Gap between peak and today 11,000,000 • If 200,000 jobs added per month- 12 year recovery • If jobs were added at pace of 1990’s- 4 years

  24. State Expenses vs. RevenueBillions

  25. Values, Commitments and Strategic plan Results Ability to respond to opportunities Flexibility & shifting resources Excess budget capacity Dedicated to Growth-Instruction-payas you go Designated Contingency-General Fund-onetime $1.1M FY1011 Auxiliary Revenue Program-payas you go Special Revenue Program- pay as you go • Create opportunities for success-Value • Ability to respond to emerging needs-Strategic Plan

  26. Values, Commitments and Strategic plan Results Physical Madrone Hall White Oak Hall Parking Improvements Fiscal Overall decline in General Fund and grant revenues Spent over 100% of GF salary budget in FY10 Shift of cost from state to student Drew down reserves Cost per FTE is declining Bubble • Create fiscal, physical, and social environments that support student success and a positive workplace climate.-Commitment • Diversify and expand revenue sources, while maintaining conservative spending practices.-Strategic Plan

  27. Grant and Contracts Revenue

  28. Grant and contract RevenuesDiversify Sources

  29. Cost per FTE by Program

  30. Values, Commitments and Strategic plan Results FY10-11 Investments Learners -$100K First year experience Advising Assessment Special accreditation Enrollment On-line services improvement -$150K Revenue Bond election planning and architectural development -$100K • Any available resources should first be invested in efforts related to the strategic plan.

More Related