Budget Forecast Faculty Senate December 6, 2019 Presented by: Dr. - - PowerPoint PPT Presentation

Budget Forecast

Faculty Senate December 6, 2019 Presented by: Dr. David Bea

Actual/Estimated Expenditures vs. Expenditure Limitation

$90,355

$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 EL ($000s) Actual ($000s)

Budgeted Salaries by Program Type, FY15-FY20

(General and Designated Funds)

$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2015 2016 2017 2018 2019 2020 1-Instruction 3-Academic Support 4-Student Services Inst Sppt & Plant

FY20 General Fund Revenues and Expenses

Property Taxes 68% Tuition & Fees 28% Other Income 2% Investment Income 2%

FY20 General Fund Revenues by Source

Administrative 3% Faculty 12% Adjunct 8% Staff Classified 23% Other Compensation 3% Fringe Benefits 14% Operating 17% Transfers & Reserves 17% Debt Service 3%

FY20 General Fund Expenses Share by Type

College Priorities and Goals

• Increase enrollment: recruitment, persistence, retention
• Increase marketing budget
• Increase institutional scholarships
• Increase professional advisors and advisor:student ratio – reallocate and add resources
• $0 classroom materials, integrated technology
• Increase dual enrollment
• Increase online enrollment programs
• Decrease utility costs College-wide
• Continue establishment and enhancement of COE as outlined in EMP and FMP
• Compensation adjustments
• Classification/compensation study
• Merit pay pool
• Adjunct faculty tiers
• Hard-to-fill positions