2012-13 kctcs annual budget kctcs board of regents meetings june 14-15, 2012 presented by: michael...
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2012-13 KCTCS ANNUAL BUDGET
KCTCS Board of Regents MeetingsJune 14-15, 2012
Presented by:Michael B. McCall, KCTCS President
2012-13 KCTCS ANNUAL BUDGETPaid Credit Hours: Three-Year Average
Year
Actual Paid Credit Hours
2008 1,421,5642009 1,587,0512010 1,824,5412011 1,842,159
* Three-Year Average used in 2011-12 KCTCS Annual Budget.
Year
Actual Paid Credit Hours
2011-12 Budget
3-Year Average
2008 1,421,564
2009 1,587,051 1,611,052*
2010 1,824,541
2011 1,842,159* Three-Year Average used in 2011-12 KCTCS Annual Budget.** Three-Year Average used in 2012-13 KCTCS Annual Budget.
Year
Actual Paid Credit Hours
2011-12 Budget
3-Year Average
2012-13 Budget
3-Year Average
2008 1,421,564
2009 1,587,051 1,611,052*
2010 1,824,541 1,751,250**
2011 1,842,159
State Appropriation Reduction and Additional Expenses
Dollars (Millions)
Reductionor Expense
9.1 State Appropriation Reduction
4.0 Fixed Cost Expenses• Employee Benefits
0.9 Fixed Cost Expenses• Utilities, Insurance, Contracts
1.1 Faculty Promotions 6.5 Salary Increase
21.6 Total
2012-13 KCTCS ANNUAL BUDGET
* Each Budget Unit was required to implement a recurring internal reallocation of approximately 1% of its public funds base to accommodate the additional expenses—primarily the salary increase. The Fire Commission and KBEMS implemented additional 5.4% reallocations to fully implement the 6.4% State Appropriation reduction.
AdditionalRevenue
Dollars (Millions)
Source of Revenue
6.8 Tuition Rate Growth
3.2 Tuition 3-Year Average Growth
4.4 Recurring Budget Reserve
2.0 Merit Bonus Pool
16.4 Subtotal
5.2 Other Internal Reallocation (Gap)
21.6 Total