2011-2012
Beginning Fund Balance $8,503,688 10.99%
Projected Ending Fund Balance $5,744,789 7.45%
2012-2013
Projected Beginning Fund Balance $5,744,789 7.45%
Projected Ending Fund Balance $5,897,452 7.82%
san josé evergreen COMMUNITY COLLEGE DISTRICT
san josé evergreen COMMUNITY COLLEGE DISTRICT
10.50%
13.00%
14.80%
8.39%
7.81%
6.22%
10.99%
7.45% 7.82%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012Estimated
Total
2012-2013Tentative
Budget
Ending Fund Balance
General Fund $ General Fund %
2011-2012
Property Tax Deficit
Student Fee Deficit
Potential Year-end Variance
Other uncertainties/adjustments
san josé evergreen COMMUNITY COLLEGE DISTRICT
san josé evergreen COMMUNITY COLLEGE DISTRICT
$(906,731)
$0
$(243,756)
$(1,745,053)
$(701,813) $(727,228) $(753,660)
$(2,000,000)
$(1,800,000)
$(1,600,000)
$(1,400,000)
$(1,200,000)
$(1,000,000)
$(800,000)
$(600,000)
$(400,000)
$(200,000)
$0
FY 2008-2009Recalculation
Apportionment
FY 2009-2010Recalculation
Apportionment
FY 2010-2011Recalculation
Apportionment
FY 2011-2012Projected
Second PrincipalApportionment
FY 2012-2013Estimated
Apportionment
FY 2013-2014Estimated
Apportionment
FY 2014-2015Estimated
Apportionment
Deficit Factor - Tax Measure Passes in November 2012
Deficit Value
Books close this summer
Deficit more defined at P-2 in June
Statewide $116M property tax, Redevelopment Agency shift???
Recalculation for 2011-12 – February 2013
7.45% EFB will change
$5,744,789 BFB for 2012-13
san josé evergreen COMMUNITY COLLEGE DISTRICT
2012-13 balanced at:
Revenues $75,555,288
Expenditures $75,402,625
Ending fund balance 7.82%
$5,897,452
san josé evergreen COMMUNITY COLLEGE DISTRICT
san josé evergreen COMMUNITY COLLEGE DISTRICT
Certificated Salaries
$18,940,992 25%
Adjunct $13,660,529
18%
Classified Salaries
$11,174,852 14%
MSC $5,298,855
7%
Overtime $116,728
0%
Hourly/Temp $852,545
1%
Employee Benefits - Statutory
$7,669,419 10%
Employee Benefits -
H&W $9,648,303
13%
Supplies & Materials $692,296
1%
Other Operating Exp
and Serv $8,034,565
10%
Capital Outlay $186,580
0% Other Outgo
$885,693 1%
Personnel = 87.30% Operational = 12.70%
Certificated Salaries
$19,187,057 26%
Adjunct $11,379,826
15%
Classified Salaries
$11,314,515 15%
MSC $5,385,338
7%
Overtime $29,712
0%
Hourly/Temp $731,097
1% Employee Benefits - Statutory
$7,106,585 10%
Employee Benefits -
H&W $9,139,898
12%
Supplies & Materials $979,535
1%
Other Operating Exp
and Serv $8,533,130
11%
Capital Outlay $43,329
0% Other Outgo $1,572,603
2%
Personnel = 85.24% Operational = 14.76%
FY 2011-2012 Estimated Actual FY 2012-2013 Tentative Budget
Reduced spending – rebalancing strategies $2.8M
Medical benefit, OPEB, revenue strategies $2.2M
Closed a $5M projected deficit
$2.5M “one-time” reoccurs in 2013-14
san josé evergreen COMMUNITY COLLEGE DISTRICT
Tax Measure passes
Means zero new money for apportionment
Almost $400K mandated costs
No further cuts
Assumes 1% deficit
$701,813: changeable!
san josé evergreen COMMUNITY COLLEGE DISTRICT
If Tax Measure fails Biggest risk! Will know in November
Workload loss 889 FTES, $4.1M, 6.4%
State “redirection” of $341M property taxes backfilled by RDA
Districts held harmless for $201M – trailer bill At risk $140M system Potential deficits $1.9M to SJECCD
san josé evergreen COMMUNITY COLLEGE DISTRICT
Tax failure = Basic Aid?
$4.1M cut is “offset” by
Excess student fees & property tax base – above “entitlement”
Mitigates deficit, mitigates RDA backfill, mitigates workload reduction
Calculated “downside risk” $1.7M
Assumes zero property tax growth
san josé evergreen COMMUNITY COLLEGE DISTRICT
san josé evergreen COMMUNITY COLLEGE DISTRICT
$78.6
$85.4
$93.1
$100.8
$105.9
$102.4
$99.4 $99.0 $99.0
$70
$75
$80
$85
$90
$95
$100
$105
$110
FY 2004-2005 FY 2005-2006 FY 2006-2007 FY 2007-2008 FY 2008-2009 FY 2009-2010 FY 2010-2011 FY 2011-2012 FY 2012-2013Projected
Total Assessed Valuation (in Billions)
san josé evergreen COMMUNITY COLLEGE DISTRICT
$3,572,740 $4,102,749 $3,850,161 $4,375,209 $5,600,266 $5,241,849
$69,068,069
$64,908,348 $62,316,196 $62,651,775 $62,651,775 $62,651,775
$2,656,080 $4,309,355
$9,018,375
$1,402,761 $1,227,421
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
$55,000,000
$60,000,000
$65,000,000
$70,000,000
$75,000,000
$80,000,000
FY08-09Total RevenueEntitlement:$75,296,889
FY09-10Total RevenueEntitlement:$73,320,452
FY10-11Total RevenueEntitlement:$75,184,732
FY11-12Total RevenueEntitlement:$68,429,745
Projected
FY12-13Total RevenueEntitlement:$69,479,462Tax Measure
Passes
FY12-13Total RevenueEntitlement:$67,893,624Tax Measure
Fails
Total Apportionment, Enrollment Fees and Property Taxes
Resident Enrollment fees Property Taxes State Apportionment
san josé evergreen COMMUNITY COLLEGE DISTRICT
3,149,265
3,585,321 3,601,283
1,543,128
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
FY08-09 FY09-10 FY10-11 FY11-12
Net Student AR for Five Years
estimated
Depends on tax measure 4% restoration? $2.5M?
$2.5M 2012-13 rebalancing one-timers go away – new deficit
OPEB debt service increase $1.1M
Health & Welfare, other increases, new deficit
san josé evergreen COMMUNITY COLLEGE DISTRICT
Property taxes, AV growth 2012-13 greater than 0%?
2013-14 greater than 1%?
State budget picture
Very uncertain
Very changeable
Our status depends on tax measure and AV growth
san josé evergreen COMMUNITY COLLEGE DISTRICT