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2016/17 Budget Message Highlights Presenting a balanced budget - - PowerPoint PPT Presentation
2016/17 Budget Message Highlights Presenting a balanced budget - - PowerPoint PPT Presentation
2016/17 Budget Message Highlights Presenting a balanced budget Economic Environment Development Process Resources Assumptions Economic Environment Student FTE 6,500 6,098 6,000 5,654 5,763 5,500 5,224 5,363 5,000 5,012
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4,105 4,145 4,298 5,012 5,763 6,098 5,654 5,363 5,224 4,748 4,424 4,338 3,500 4,000 4,500 5,000 5,500 6,000 6,500
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 Est.
Economic Environment
Student FTE
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$375 $411 $428 $500 $432 $395.5 $465 $550 $550 $19 $18 $17 $17 $13 $11 $16 $19 $17
$‐ $5 $10 $15 $20 $25 $300 $350 $400 $450 $500 $550 $600
2001‐03 2003‐05 2005‐07 2007‐09 2009‐11 2011‐13 2013‐15 2015‐17 2017‐19 Projected
Economic Environment
State Reimbursement (millions)
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Budget Webpage
Development Process and Resources
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State Operations 22.0% Property Taxes 33.7% Tuition & Fees 37.1% Other Revenue & Transfers In 7.2%
Revenues
(General Fund and College Services Fund)
2017‐2018 Proposed Budget
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FY 2016/17 Adopted Budget $ 44,409,215 State Operations $ (688,513) Property Taxes $ 413,651 Tuition and Fees $ 652,475 Other $ (27,000) Transfers In $ 1,867,278 Fund Balance $ 580,215 FY 2017/18 Proposed Budget $ 47,207,321
Budget Changes – Revenues
General Fund and College Services Fund Combined
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Personnel & Other 73.0% Material & Services and Capital 15.1% Transfers Out 11.9%
EXPENDITURES*
(GENERAL FUND AND COLLEGE SERVICES FUND)
2017‐2018 PROPOSED BUDGET
*Excludes Contingencies and Reserves for Future Years
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Before Adjustments Proposed Budget FY 2016/17 Adopted Budget $ 44,409,215 $ 44,409,215 Personnel $ 1,171,511 $ (226,554) Other Personnel $ 594,607 $ 94,607 Materials and Services District $ 318,698 $ 318,698 Materials and Services Non District $ 17,175 $ 17,175 Capital $ (24,998) $ (24,998) Transfers $ (142,557) $ 1,631,188 Contingency $ 564,203 $ 564,203 Reserve for Future Expenditures $ 423,787 $ 423,787 FY 2017/18 Budget $ 47,331,641 $ 47,207,321
Budget Changes – Expenditures
General Fund and College Services Fund Combined
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Enrollments are expected to remain stable PERS uncertain due to potential new legislation Increase in costs due to additional facilities
Future Year Assumptions
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Curtis Sommerfeld
541‐956‐7238 curt@roguecc.edu
Lisa Stanton
541‐956‐7024 lstanton@roguecc.edu