SOUTH ORANGE COUNTY COMMUNITY COLLEGE

1. SOUTH ORANGE COUNTY COMMUNITY COLLEGE BUDGETS AND COMPENSATION

2. The old system • Program Based funding (5 elements) • PRIOR YEAR APPORTIONMENT (BASE FUND) • COLA • PROGRAM IMPROVEMENT (EQUALIZATION) • GROWTH / DECLINE / RESTORATION • STABILITY 1 YEAR BAILOUT FOR DECLINING ENROLLMENT

3. The new formula • Program based funding is now a thing of the past. • A new formula for funding community colleges was adopted by the passage of Senate Bill 361. • The formula simplifies funding from a complicated five step process to a three step process. • Foundation amount • Credit FTES • Non credit FTES

4. FOUNDATION (Step 1)

5. CREDIT REVENUE (Step 2) • EQUALIZATION = TARGET OF 90% • 90% =$ 3,955 PER FTES (05-06) • COLA OF 4.23 % =$ 4,123 • MULTIPLY 2005-06 P-2 FTES BY $4,123 AND YOU GET BASE CREDIT REVENUE

6. NON CREDIT REVENUE (Step 3) • NON CREDIT REVENUE IS APPROXIMATELY 60% OF CREDIT REVENUE • $ 4,123 TIMES 60% = $ 2,479 • MULTIPLY NON CREDIT FTES BY $ 2,479 AND THAT EQUALS INCOME

7. Program Based Funding

8. SB 361

9. SB 361

10. PBF versus SB 361

11. 2006-07 COLA OF 5.92% IS APPLIED TO ALL BASES

12. AFTER COLA IS APPLIED • GROWTH FOR 06-07 IS CALCULATED AT 4,367 PER CREDIT FTES WHICH INCLUDES NEW 5.92 % COLA • GROWTH FOR NON CREDIT IS 2,626 • A DISTRICT WILL NOT GET GROWTH MONEY IF THEY HAVE PRIOR YEAR(S) RESTORATION TO MAKE UP

13. HYPOTHETICAL IF A DISTRICT RESTORES ALL LOST FTES FROM PRIOR THREE YEARS AND GROWS UP TO 2%

14. As always Community College funding is from the same sources as in the past. • FEDERAL INCOME • STATE INCOME • LOCAL INCOME • BEGINNING BALANCE

15. BEGINNING BALANCESSTATEWIDE The 72 Community College Districts are starting 2006-07 with three-quarters of a Billion dollars in beginning balances !!!!!!!!

16. BEGINNING BALANCES BY DISTRICT

17. BUDGET HISTORY SOUTH ORANGE

18. Twenty yearearnings

20. AVERAGE SALARIES 05-06

21. PART-TIME AVERAGE

22. Starting Salary

23. Highest Earnable Salary

24. Thank you