Presented by Kate JolleyDirector of Fiscal Services

Sonoma County Junior College District2013-14 Adopted Budget

2013-14 Adopted BudgetOverview

o Fifteen Funds in the District• Special Revenue (Farm, Child Development, Parking)• Capital Related (GO Bond, Capital Outlay)• Internal Service (Retiree Benefit, Self Insurance)• Fiduciary (Student Rep Fee)

o General Fund• The “main” fund

o Three types of accounts• Unrestricted• Designated• Restricted

2013-14 Adopted BudgetAccount Types

o Unrestricted accounts• Where the District conducts its core mission

o Designated accounts – internally raised funds for specific purpose• Culinary café sales• Library copier• GED and Assessment testing

o Restricted accounts– external funds for specific purpose• DSPS• Matriculation• CTEA• Health fees

2013-14 Adopted BudgetUnrestricted General Fund

o Revenues• Federal• State• Local

o Apportionment• FTES + Basic allocation• Property taxes• Student enrollment fees• Educational Protection Act• General apportionment

2013-14 Adopted BudgetLooking Back

o Started 2012-13 with $5.9 million structural deficit• Revenues did not cover our expenses

o Offsets• Workload reduction $1.8 million• Employee concessions $3 million• Budgeted spend down of $1.1 million

2013-14 Adopted Budget2012-13 Unrestricted Revenue

o Unrestricted Federal - $30,273

o Unrestricted State - $43,235,805

o Unrestricted Local - $55,491,561

o Transfers / Other inflows - $67,952

Total Unrestricted Revenue - $98,825,591

2013-14 Adopted Budget2012-13 Total Revenue

o Unrestricted Total - $98,825,591

o Restricted Revenues• Federal - $2,067,271• State - $5,601,433• Local - $1,562,632• Transfers/Other - $70,009

o Total Revenues - $108,126,936

2013-14 Adopted Budget2012-13 Apportionment Revenue

o Apportionment

• General Apportionment - $22,338,841• Educational Protection Act - $14,046,633• Property Taxes - $42,173,712• Student Fees - $9,065,033

o Total Apportionment - $87,624,219• 88.7% of our unrestricted revenue

2013-14 Adopted Budget2012-13 Total Expenses

o Academic salaries - $45,335,726o Classified salaries - $25,392,222o Benefits - $21,568,930o Supplies - $2,732,979o Services - $9,312,998o Capital outlay - $1,063,218o Transfers / other outgo - $3,200,095

o Total Expenses- $108,606,169

2013-14 Adopted Budget2012-13 At a Glance

o Total General Fund Revenue- $108,126,936o Total General Fund Expenses- $108,606,169o Decrease to fund balance - $(479,233)

o Structural deficit - $5.9 million• Employee concessions $3 million• Workload reduction $1.8 million• Reduced backfill categorical $400k• Miscellaneous $200K

2013-14 Adopted Budget2013-14 Budget Assumptions

o Major Revenue Assumptions• FTES – 20,500• COLA 1.57% - $1.43 million• Growth / Restoration - $2.2 million• Deficit Funding - 3%• Lottery funding - $121K

o Major Expenditure Assumptions• Salary increases $3.1 million• Step increases - $486K• Health benefit increases - $803K• Increased student access - $1.8 million• Retiree liability - $1.6 million

2013-14 Adopted Budget2013-14 Unrestricted Revenue

o Unrestricted Federal - $30,500

o Unrestricted State - $45,953,230

o Unrestricted Local - $56,124,698

o Transfers / Other inflows - $464,800

Total Unrestricted Revenue - $102,573,228

2013-14 Adopted Budget2013-14 Total Revenue

o Unrestricted Total - $102,573,228

o Restricted Revenues• Federal - $2,567,888• State - $6,886,769• Local - $3,088,088• Transfers/Other - $184,491

o Total Revenues - $115,300,464

2013-14 Adopted Budget2013-14 Apportionment Revenue

o Apportionment

• General Apportionment - $29,885,053• Educational Protection Act - $11,528,045• Property Taxes - $42,811,500• Student Fees - $7,647,543

o Total Apportionment - $91,872,141• 89.6% of unrestricted revenue

2013-14 Adopted Budget2013-14 Budgeted Expenditures

o Academic salaries - $50,775,152o Classified salaries - $27,692,273o Benefits - $21,852,486o Supplies - $3,063,497o Services - $10,210,286o Capital outlay - $2,517,294o Transfers / other outgo - $4,694,699

o Total Expenses- $120,805,687

2013-14 Adopted Budget2013-14 At a Glance

o Total General Fund Revenue- $115,300,464

o Total General Fund Expenses- $120,805,687

o Decrease to fund balance - $(5,505,223)

o Ending Fund Balance $6.95 million• 5.76% of expenditures

2013-14 Adopted BudgetLooking Ahead at FTES

o Achieving growth is imperative• Funding based partially on FTES • Attracting and retaining• Marketing / Outreach• Facilities• Technology

2013-14 Adopted BudgetLooking Ahead at COLA

o Governor’s Budget in January• Funding based partially on COLA• Since 2008-09, lost over 17% in cumulative unfunded COLA

2013-14 Adopted BudgetLooking Ahead to 2014-15

o Continue reducing expenditures• Have all done so much more with so much

less

o Continue to diversify revenue base• International program expansion• Grants• Facilities rentals

o Aren't out of the woods yet

Questions?

Sonoma County Junior College District2013-14 Adopted Budget