May 2016 Board Budget Update

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Unrestricted General Fund

Please find below a Budget Summary Report and Monthly Expenditure Chart for the Unrestricted General Fund summarizing the College’s financial activity for fiscal year 2015-16 as of April 30, 2016. These summaries present expenditure activity both by functional activity as well as by major account classification as defined by the State.

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Expenditures by Month

Through April 30th, or 83% of the fiscal year, the College has expended and encumbered 77.04% of the Unrestricted General Fund budget.

Restricted General Fund

The Restricted General Fund is used to account for resources available for the operation and support of the educational programs that are specifically restricted by laws, regulations, donors, or other outside agencies as to their expenditure. Such externally imposed restrictions are to be contrasted with internally created designations imposed by the governing board on unrestricted moneys. Please find below a Budget Summary Report for the Restricted General Fund summarizing the College’s financial activity for fiscal year 2015-16 as of April 30, 2016.

- 2,000,000 4,000,000 6,000,000 8,000,000

10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000

July

Augu

st

Sept

embe

r

Oct

ober

Nov

embe

r

Dece

mbe

r

Janu

ary

Febr

uary

Mar

ch

April

May

June

2014-15 MonthlyExpenditures

2015-16 MonthlyExpenditures

May 2016 Board Budget Update

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Governor’s May Revise

On May 13, 2016 the Governor released his May revision to his 2016-17 State Budget proposal. For community colleges, the May revision offered relatively the same in terms of total additional resources as the initial budget proposal released in January. Significant community college provisions are highlighted below with changes noted between the May revision and initial budget proposal.

May Revision Initial Budget Proposal System CCSF System CCSF Cost of Living Adjustment 0.00% 0.00% - $0.00 .47% .47% - $750,000 Cost of Living Adjustment for DSPS, EOPS, and CalWORKs (Categorical)

0.00% 0.00% - $0.00 .47% .47% - $200,000

Growth 2.00% Not Applicable (Stability Funding)

2.00% Not Applicable (Stability Funding)

General Fund Base Increase $75 million $1.4 million Not Included Not Included

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May Revision Initial Budget Proposal System CCSF System CCSF Mandated Cost Claims $108.5

million $2.1 million $76.3 million $1.5 million

RDA Short Fall $38.6 million

Contingency for anticipated

property tax shortfall

Not Included Not Included

Telecommunications and Technology Infrastructure Program (Categorical)

$7 million –one-time; $5 million ongoing

$226,800 $3 Million $.05 million

Deferred Maintenance and Instructional Equipment (Categorical)

$219.4 million – one-time

$4.1 million $283 million $5.2 million

Proposition 39 Energy Efficiency Projects (Categorical)

$49.3 million – one-time

$.93 million $45.2 million one-time

$.8 million

Apprenticeship Program $1.7 million $.02 million $1.8 million $.026 million Zero-textbook-cost degrees, certificates, and credentials (Categorical)

$5 million Categorical program,

allocation will be through a

grant application

process.

$5 million Categorical program, method of allocation

proposed to be through grant application process.

Online Education Initiative (Categorical)

$20 million – one-time

Categorical program,

allocation will be through a

grant application

process.

Not Included Not Included

Equal Employment Opportunity Program (Categorical)

$2.3 Million

$.04 million Not Included Not Included

Prior to the release of the May Revise, the Controller’s Department released the State’s revenue numbers for April. The report showed that April tax receipts fell $1.2 billion below budget. This shortfall is so great that overall gains from prior months was completely wiped out, leaving the state well below its January projections for 2015-16 revenues. As a result, the State has revised its total general fund budget downwards by $2.41 billion but even despite this revision revenues are still projected to increase year over year by 3.7%.

May 2016 Board Budget Update

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2016-17 City College Tentative Budget

With the new fiscal year approximately one month away, the College is in the final stretches of putting together the Tentative Budget. In accordance with Board Policy and Administrative Procedure 8.01 – Budget Preparation and Fiscal Accountability the draft tentative budget can be found and reviewed using the following link: http://www.ccsf.edu/en/about-city-college/administration/vcfa/Budget0.html . This budget represents six months of college-wide dialogue and much effort and work on the part of all. Its foundation rests upon the 2016-17 Budget Assumptions that have been widely shared through the participatory governance process.

In an effort to improve the financial data and information available to college constituencies as well as the general public, a new budget website has been constructed. This website contains these monthly Board Budget Report Updates as well as Monthly Budget Status Reports by Division or Area. The website and information can be viewed using the following link: http://www.ccsf.edu/NEW/en/about-city-college/administration/vcfa/Budget0.html. Updates are posted on a monthly basis.

Facilities and Planning

Please find attached a summary for a project recently completed at the Rosenberg Library. Unfortunately, because of age and design, the Rosenberg Library experienced flooding during the winter months when rain frequently occurred. Due to this flooding a computer lab and other student support and instructional areas were impacted. The College sought and received State funding to assist with correcting the cause of the leakage. With a project budget of approximately $100,000 we successfully addressed the cause of the leak.

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